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Top Import Markets for Frozen Chicken Cut

frozen chicken
Global Trade Daily, United states news

Top Import Markets for Frozen Chicken Cut

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When it comes to the global import market for frozen chicken cut, there are several countries that stand out as the top destinations. These countries play a crucial role in driving the demand and consumption of this popular poultry product. In this article, we will explore the world’s best import markets for frozen chicken cut, backed by key statistics and data from the IndexBox market intelligence platform.

1. China: Leading the Way

China tops the list as the world’s largest importer of frozen chicken cut, with an import value of 4.1 billion USD in 2022. The country’s vast population and growing middle class contribute to the increasing demand for poultry products. China’s import market for frozen chicken cut is expected to continue its upward trend in the coming years, driven by changing consumer preferences and the convenience of frozen meat.

2. Japan: A Significant Importer

Japan holds the second position in the global import market for frozen chicken cut, with an import value of 1.5 billion USD in 2022. Despite being a relatively small country in terms of land area, Japan has a high consumption rate of chicken products. The country’s culinary culture, which includes popular dishes like teriyaki chicken and karaage, drives the demand for frozen chicken cut. Moreover, the convenience and longer shelf-life of frozen meat make it an attractive option for Japanese consumers.

3. Netherlands: A Hub for Imports

The Netherlands ranks third among the world’s best import markets for frozen chicken cut, with an import value of 601.7 million USD in 2022. The country’s strategic location and well-connected transportation network make it a key hub for import and re-export activities. The Netherlands serves as a gateway for frozen chicken cut distribution to other European countries, contributing to its significant import market. Additionally, the country’s high food safety standards and quality control measures ensure the import of safe and high-quality poultry products.

4. United Arab Emirates: Rising Demand

The United Arab Emirates (UAE) is emerging as a major importer of frozen chicken cut, with an import value of 561.3 million USD in 2022. The country’s diverse population and growing tourism sector have fueled the demand for poultry products, including frozen chicken cut. The UAE’s import market for frozen chicken cut is expected to witness further growth due to the increasing popularity of international cuisines, the rising number of restaurants and hotels, and the expanding foodservice sector.

5. Philippines: A Poultry-loving Nation

The Philippines ranks fifth among the world’s best import markets for frozen chicken cut, with an import value of 525.2 million USD in 2022. Chicken is a staple in Filipino cuisine, and frozen chicken cut provides a convenient and cost-effective option for consumers. The country’s large population and changing lifestyle patterns contribute to the increasing demand for this poultry product. Moreover, the Philippinesstrong agricultural sector and efficient distribution network support the import and availability of frozen chicken cut throughout the country.

6. Ghana, Saudi Arabia, South Korea, France, and Germany: Strong Importers

Other countries that make it to the list of the world’s best import markets for frozen chicken cut include Ghana, Saudi Arabia, South Korea, France, and Germany. These countries showcase a significant demand for frozen chicken cut, driven by factors such as population size, consumer preferences, and the convenience of frozen meat. These import markets provide significant opportunities for exporters and suppliers of frozen chicken cut from various producing countries.

Conclusion

The world’s best import markets for frozen chicken cut offer lucrative opportunities for exporters and suppliers in the poultry industry. These countries, including China, Japan, the Netherlands, the UAE, the Philippines, Ghana, Saudi Arabia, South Korea, France, and Germany, demonstrate a strong demand for this popular poultry product. The consumption trends and preferences, along with the convenience and longer shelf-life of frozen meat, drive the growth of these import markets. It is crucial for businesses in the poultry sector to stay informed about market trends, key statistics, and import values by utilizing platforms like IndexBox market intelligence to make informed decisions and seize potential opportunities.

Source: IndexBox Market Intelligence Platform

meat
Global Trade Daily, International Trade, News

The Top Chicken Meat Import Markets in the World

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Chicken meat is one of the most widely consumed and versatile meats in the world, making it a highly sought-after commodity in international trade. The global import market for chicken meat is dominated by several countries that exhibit significant demand for this protein source. In this article, we will explore the top import markets for chicken meat based on the import value data sourced from the IndexBox market intelligence platform.

1. China

China takes the lead as the world’s largest importer of chicken meat with an import value of $4.1 billion in 2022. The growing middle class and changing dietary preferences have contributed to the increasing demand for poultry products in China. The country’s import market for chicken meat is expected to continue its upward trajectory in the coming years.

2. United Kingdom

The United Kingdom ranks second among the top import markets for chicken meat, with an import value of $1.8 billion in 2022. Despite being a major producer of poultry, the UK relies on imports to meet its domestic demand. The UK’s import market for chicken meat is driven by its thriving foodservice industry and changing consumption patterns.

3. France

France is another significant player in the global import market for chicken meat, with an import value of $1.6 billion in 2022. The French population’s strong preference for white meat, including chicken, drives the import demand. Additionally, France is a key market for processed chicken products, which further boosts its import value.

4. Germany

Germany shares the third position with France in terms of import value, also amounting to $1.6 billion in 2022. The country’s robust food processing industry and high per capita consumption of chicken contribute to its substantial imports. The demand for processed chicken products, such as sausages and ready-to-eat meals, drives Germany’s import market.

5. Japan

Japan ranks fifth among the top import markets for chicken meat, with an import value of $1.5 billion in 2022. The country’s consumption of chicken meat has increased significantly in recent years due to changing dietary habits and a preference for lean protein sources. Japan heavily relies on imports to meet its domestic demand for chicken.

6. Netherlands

The Netherlands shares the fifth position with Japan, also recording an import value of $1.5 billion in 2022. The country serves as an important distribution hub for chicken meat in Europe. The Netherlands imports significant quantities of chicken to cater to its domestic demand and for re-exporting purposes to neighboring countries.

7. Saudi Arabia

Saudi Arabia ranks seventh among the world’s top import markets for chicken meat, with an import value of $1.2 billion in 2022. As one of the largest consumers of poultry globally, the Saudi Arabian market offers immense opportunities for chicken meat exporters. The country heavily relies on imports to meet its domestic demand for chicken.

8. United Arab Emirates

The United Arab Emirates (UAE) holds the eighth position in terms of import value, amounting to $1.1 billion in 2022. The UAE’s reliance on imported chicken meat stems from its growing population, rising tourism sector, and increasing demand for processed poultry products. The country’s import market for chicken meat is expected to grow further in the coming years.

9. Mexico

Mexico ranks ninth among the top import markets for chicken meat, with an import value of $966.9 million in 2022. The country’s preference for affordable protein sources, coupled with a growing population and rising urbanization, has fueled the demand for imported chicken meat. Mexico heavily relies on imports to supplement its domestic chicken production.

10. Hong Kong SAR

Hong Kong SAR completes the list of the world’s top import markets for chicken meat, with an import value of $583.1 million in 2022. The region’s high per capita consumption of poultry, coupled with limited domestic production, drives the demand for imported chicken. Hong Kong SAR extensively relies on imports to satisfy its chicken meat requirements.

In conclusion, the global import markets for chicken meat are driven by various factors such as changing consumption patterns, increasing population, growing tourism, and thriving foodservice industries. China, the United Kingdom, France, Germany, Japan, the Netherlands, Saudi Arabia, the United Arab Emirates, Mexico, and Hong Kong SAR are the world’s best import markets for chicken meat based on their import values in 2022.

Source: IndexBox Market Intelligence Platform 

materials
Uncategorized

August 2023 Sees a $537M Surge in Export of Packaging Materials From the United States

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U.S. Packaging Materials Exports

In August 2023, shipments abroad of packaging materials increased by 3.5% to 631K tons for the first time since May 2023, thus ending a two-month declining trend. Overall, exports, however, showed a slight reduction. The pace of growth was the most pronounced in March 2023 with an increase of 25% against the previous month.

In value terms, packaging materials exports totaled $537M (IndexBox estimates) in August 2023. Over the period under review, exports, however, saw a noticeable descent. The pace of growth appeared the most rapid in March 2023 with an increase of 18% month-to-month.

Exports by Country

Mexico (160K tons), Canada (155K tons) and China (53K tons) were the main destinations of packaging materials exports from the United States, together comprising 58% of total exports. Guatemala, Costa Rica, Italy and Japan lagged somewhat behind, together comprising a further 14%.

From August 2022 to August 2023, the biggest increases were in Italy (with a CAGR of -0.4%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for packaging materials exported from the United States were Canada ($161M), Mexico ($145M) and China ($31M), with a combined 63% share of total exports.

Among the main countries of destination, Canada, with a CAGR of -1.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Exports by Type

Paperboard case materials (428K tons) was the largest type of packaging materials exported from the United States, accounting for a 68% share of total exports. Moreover, paperboard case materials exceeded the volume of the second product type, folding boxboard (121K tons), fourfold. Wrapping paper, packaging paper and paperboard (75K tons) ranked third in terms of total exports with a 12% share.

From August 2022 to August 2023, the average monthly growth rate of the volume of export of paperboard case materials stood at -1.0%. With regard to the other exported products, the following average monthly rates of growth were recorded: folding boxboard (-3.3% per month) and wrapping paper, packaging paper and paperboard (-1.5% per month).

In value terms, the most traded types of packaging materials in the United States were paperboard case materials ($275M), folding boxboard ($165M) and wrapping paper, packaging paper and paperboard ($92M), with a combined 99% share of total exports. These products were followed by other papers packaging, which accounted for a further 0.9%.

Wrapping papers, with a CAGR of -1.9%, recorded the highest growth rate of the value of exports, in terms of the main product categories over the period under review, while shipments for the other products experienced a decline.

Export Prices by Country

In August 2023, the packaging materials price stood at $851 per ton (FOB, US), almost unchanged from the previous month. Over the period under review, the export price recorded a mild slump. The pace of growth appeared the most rapid in September 2022 an increase of 3% m-o-m. The export price peaked at $1,034 per ton in October 2022; however, from November 2022 to August 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Japan ($1,304 per ton), while the average price for exports to Italy ($562 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (0.0%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform 

vegetable market
Global Trade Daily, United states news

The Best Import Markets for Vegetables

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Vegetable imports play a crucial role in meeting the global demand for fresh produce throughout the year. Various countries rely on imported vegetables to supplement their domestic supply and offer a diverse range of produce to consumers. In this article, we will explore the top import markets for vegetables, based on the Import Value of Vegetable data provided by the IndexBox market intelligence platform.

1. United States

The United States holds the top position in terms of import value of vegetables, with a staggering $8.5 billion in 2022. The country’s demand for fresh and diverse vegetables throughout the year drives its reliance on imports. This dependency allows Americans to enjoy a wide variety of vegetables, including exotic options that cannot be grown domestically.

2. Germany

With an import value of $5.8 billion in 2022, Germany secures the second spot on the list. The country has a strong focus on agricultural sustainability and quality standards, and imports vegetables to meet the demand for both domestic consumption and its robust food processing industry.

3. United Kingdom

The United Kingdom, with an import value of $3.4 billion in 2022, is another significant player in the vegetable import market. The country’s limited arable land and changing climate conditions make it reliant on imports to meet the demand for fresh produce. The UK’s multicultural population also contributes to the diverse range of vegetables imported.

4. Canada

Canada, with an import value of $3.0 billion in 2022, relies on imports to supplement its domestic vegetable production. The country’s vast geography and harsh climatic conditions limit the availability of some vegetables throughout the year, necessitating imports to meet consumer demands.

5. France

France, with the same import value of $3.0 billion in 2022 as Canada, represents another major import market for vegetables. The country has a strong gastronomic tradition and demands a wide variety of vegetables for its renowned cuisine. Imports allow French consumers to access vegetables that aren’t readily available during certain seasons.

6. Netherlands

The Netherlands, with an import value of $2.5 billion in 2022, is not only a significant importer but also a major re-exporter of vegetables. The country acts as a hub for the distribution of fresh produce throughout Europe, leveraging its well-established logistics and transportation infrastructure.

7. Belgium

Belgium holds a prominent position in the vegetable import market, with an import value of $1.7 billion in 2022. The country’s central location within Europe makes it an ideal distribution center for imported vegetables, supplying neighboring countries with fresh produce.

8. Russia

Despite its vast agricultural land, Russia imports vegetables worth $1.3 billion in 2022. The country’s extreme weather conditions and limited cultivation capabilities during certain seasons drive the need for imports. The demand from the growing urban population and increased disposable income also contribute to Russia’s vegetable import market.

9. Spain

Spain, with an import value of $1.2 billion in 2022, relies on imports to meet the demand for certain vegetables that are not traditionally grown in the country. Spain’s warm climate allows for a significant production of vegetables, but the import market caters to the desire for diverse options.

10. Italy

Italy, also with an import value of $1.2 billion in 2022, completes the list of the world’s top import markets for vegetables. As one of the leading culinary destinations globally, Italy imports specific vegetables to cater to its culinary traditions. The country’s rich cuisine relies on a variety of vegetables, some of which may not be available locally throughout the year.

These top import markets for vegetables demonstrate the global dependence on imports to meet the diverse demands of consumers. Importing vegetables allows countries to access a wide range of produce, regardless of local cultivation capabilities, climate restrictions, or seasonal limitations.

Note: The data provided is based on the Import Value of Vegetable data sourced from the IndexBox market intelligence platform.

Source: IndexBox Market Intelligence Platform

 

 

frozen
Global Trade Daily, Imports/Exports, United states news

The Largest Import Markets for Frozen, Dried, and Smoked Fish

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Fish is an essential part of the human diet and is consumed in various forms across the globe. Among these, frozen, dried, and smoked fish are popular choices due to their longer shelf life and convenience. In this article, we will explore the top import markets for these three fish categories and delve into the key statistics and numbers that define these markets.

1. United States

The United States, with an import value of $15.6 billion in 2022, emerges as the leading market for frozen, dried, and smoked fish. This strong demand is primarily driven by the popularity of seafood in the American diet and the extensive consumption of processed fish products. The United States is known for its booming e-commerce sector, which further enhances the availability and accessibility of these fish products.

2. China

China takes the second spot on the list with an import value of $12.7 billion in 2022. The growing middle-class population in China has led to increased demand for high-quality protein sources, including fish. Additionally, changing dietary habits and an increasing focus on health have contributed to the surge in imports of frozen, dried, and smoked fish in the country.

3. Japan

Japan is renowned for its love for seafood, and its import value of $9.0 billion in 2022 solidifies its position as one of the top import markets for frozen, dried, and smoked fish. With a rich culinary tradition that heavily relies on seafood, Japanese consumers have a strong preference for these types of fish products. Moreover, the growth of the sushi and sashimi culture in Japan has further bolstered the demand for frozen and smoked fish.

4. Spain

Spain follows closely with an import value of $3.3 billion in 2022. Spaniards have a deep-rooted connection with fish in their cuisine and culture. Both fresh and processed fish products are integral parts of traditional Spanish dishes. The convenient nature of frozen, dried, and smoked fish has made them a popular choice among consumers, contributing to the significant import volumes.

5. South Korea

South Korea holds the fifth position on the list, with an import value of $3.2 billion in 2022. Korean cuisine, known for its spiciness and diverse flavors, includes various fish dishes. Importing frozen, dried, and smoked fish helps meet the demand for these traditional and contemporary Korean recipes. Additionally, the hectic urban lifestyle has increased the preference for ready-to-cook fish products, boosting their imports.

6. Germany

Germany, with its import value of $3.2 billion in 2022, demonstrates a significant market for frozen, dried, and smoked fish. Germans have a strong affinity for fish, and it is a staple in their culinary traditions. As a result, demand for processed fish products, particularly frozen and smoked fish, remains high. The convenience factor and long shelf life of these products further drive their popularity in the German market.

7. France

France ranks seventh on the list, with an import value of $2.9 billion in 2022. French cuisine is renowned worldwide for its sophistication and emphasis on fresh ingredients, including fish. However, frozen, dried, and smoked fish have gained popularity due to their availability throughout the year, even when certain fish species are out of season. This convenience factor contributes significantly to their import demand.

8. Thailand

Thailand follows with an import value of $2.8 billion in 2022. The Thai population’s penchant for seafood reflects in their cuisine, which includes a wide range of fish and shellfish dishes. However, the convenience and longer shelf life of frozen, dried, and smoked fish make them a popular choice among Thai consumers. The thriving tourism sector also contributes to the demand for these fish products.

9. Netherlands

The Netherlands holds the ninth position on the list, with an import value of $2.7 billion in 2022. With its strategic geographical location, the Netherlands serves as a major hub for fish trade within Europe. The country has a strong fishing industry, but the demand for a diverse range of fish products, including frozen, dried, and smoked fish, is met through imports. Additionally, the Netherlands acts as a key distribution center for these products across the European continent.

10. Italy

Italy completes the top ten import markets, with an import value of $2.5 billion in 2022. Italian cuisine heavily relies on seafood, and fish plays a vital role in various regional dishes. The popularity of processed fish products, such as frozen and smoked fish, stems from their versatility in Italian culinary traditions. Moreover, the convenience of these products aligns well with the busy lifestyles of Italian consumers.

In conclusion, the global demand for frozen, dried, and smoked fish is driven by changing dietary preferences, convenience, and the influence of culinary traditions worldwide. The United States leads the pack with its immense appetite for these fish products, closely followed by China and Japan. The market intelligence platform, IndexBox, provides valuable insights into these import markets and aids in understanding the key statistics that shape the global fish trade.

Source: IndexBox Market Intelligence Platform 

 

august
Global Trade Daily, United states news

August 2023 Sees a Modest Rise to $243M in U.S. Vegetable Imports

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U.S. Vegetable Imports

In August 2023, the amount of vegetables imported into the United States declined slightly to 174K tons, remaining relatively unchanged against July 2023 figures. Over the period under review, imports saw a abrupt descent. The growth pace was the most rapid in October 2022 when imports increased by 39% against the previous month.

In value terms, vegetable imports expanded slightly to $243M (IndexBox estimates) in August 2023. In general, imports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in October 2022 when imports increased by 26% against the previous month.

Imports by Country

Mexico (95K tons), Canada (51K tons) and Peru (8.3K tons) were the main suppliers of vegetable imports to the United States, with a combined 89% share of total imports. Guatemala and Honduras lagged somewhat behind, together accounting for a further 3.4%.

From August 2022 to August 2023, the biggest increases were in Honduras (with a CAGR of -0.4%), while purchases for the other leaders experienced a decline.

In value terms, the largest vegetable suppliers to the United States were Mexico ($107M), Canada ($64M) and Peru ($36M), with a combined 85% share of total imports. Guatemala and Honduras lagged somewhat behind, together accounting for a further 4.7%.

Honduras, with a CAGR of +0.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Imports by Type

Fresh vegetables, nes (31K tons), carrots and turnips (21K tons) and watermelons (19K tons) were the main products of vegetable imports to the United States, with a combined 41% share of total imports. Asparagus, cucumbers and gherkins, cabbage and other brassicas, cauliflower and broccoli, garlic, chilies and peppers (green), lettuce and chicory, green beans, mushrooms and truffles, leeks and other alliaceous vegetables, spinach, eggplants (aubergines), onions and shallots and melons lagged somewhat behind, together accounting for a further 59%.

From August 2022 to August 2023, the biggest increases were in watermelon (with a CAGR of +4.6%), while purchases for the other products experienced more modest paces of growth.

In value terms, the most traded types of vegetables in the United States were asparagus ($54M), mushrooms and truffles ($33M) and fresh vegetables, nes ($25M), with a combined 46% share of total imports. Garlic, green beans, carrots and turnips, cauliflower and broccoli, chilies and peppers (green), lettuce and chicory, cabbage and other brassicas, spinach, cucumbers and gherkins, leeks and other alliaceous vegetables, watermelons, eggplants (aubergines), onions and shallots and melons lagged somewhat behind, together comprising a further 54%.

Import Prices by Country

In August 2023, the vegetable price stood at $1,402 per ton (CIF, US), rising by 4.7% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in June 2023 an increase of 17% month-to-month. The import price peaked in August 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Peru ($4,278 per ton), while the price for Costa Rica ($777 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Peru (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

roundwood
Global Trade Daily, United states news

Top Global Import Destinations for Roundwood

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In today’s globalized world, trade has become an integral part of every nation’s economy. Importing goods from other countries not only allows for economic growth and development but also fosters international relations and exchange. When it comes to roundwood, which includes logs, pulpwood, and other wood in its natural state, some countries excel in importing this valuable resource. In this article, we will explore the world’s best import markets for roundwood based on data from the IndexBox market intelligence platform.

1. China

China stands at the top of the list with an impressive import value of $8.8 billion in 2022. As the world’s largest consumer of roundwood, China’s demand is driven by its booming timber industry, which uses wood for construction, furniture, and packaging. The country’s vast manufacturing sector, combined with its rising middle class, has fueled the demand for wood products, making it an attractive market for roundwood exporters.

2. Austria

Austria ranks second with an import value of $904.1 million in 2022. Despite being a small landlocked country, Austria has a strong forestry sector that heavily relies on imported roundwood to meet its demand. Furthermore, the country boasts a well-developed wood processing industry, which uses roundwood as a raw material for manufacturing furniture, flooring, and wooden structures.

3. Japan

With an import value of $897.7 million in 2022, Japan secures the third position on the list. Japan’s wood market is primarily driven by its construction industry, where wood is extensively used for residential and commercial buildings. Additionally, the nation’s cultural affinity for wood-based products, such as traditional Shoji screens and Tatami mats, further contributes to the demand for roundwood.

4. India

India holds the fourth spot with an import value of $756.6 million in 2022. The country’s rapid industrialization, population growth, and urbanization have given rise to a surge in infrastructure development, thereby increasing the demand for roundwood. Moreover, India’s furniture industry has experienced a significant boom, leading to a higher need for wood resources.

5. Germany

Germany ranks fifth with an import value of $631.5 million in 2022. Despite being renowned for its timber production, Germany still relies on roundwood imports to supplement its domestic supply. The country’s thriving construction sector, coupled with the demand for wooden furniture, has fueled its import market for roundwood.

6. Sweden

Sweden secures the sixth position with an import value of $556.1 million in 2022. Although Sweden boasts vast forest reserves, the country exports a significant portion of its roundwood to meet global demand. Sweden’s wood industry focuses on high-quality timber, which is utilized in construction, pulp, and paper production.

7. Free Zones

Free Zones, with an import value of $501.8 million in 2022, occupy the seventh spot on the list. Free Zones, also known as special economic zones, have become vital hubs for international trade due to their attractive tax benefits and customs privileges. Many companies establish their manufacturing facilities in these zones, resulting in a higher demand for roundwood.

8. South Korea

South Korea stands at the eighth position with an import value of $452.7 million in 2022. The country’s wood market is primarily driven by its construction industry and the production of wooden furniture and paper. South Korea’s limited forest resources and its increasing demand for wood products make it heavily reliant on roundwood imports.

9. Vietnam

Vietnam secures the ninth spot with an import value of $380.2 million in 2022. The country’s robust construction industry and the growing popularity of wood-based products, such as furniture and handicrafts, contribute to the demand for roundwood. Vietnam’s expanding manufacturing sector has also led to an increase in the import of roundwood for various industrial applications.

10. Belgium

Belgium completes the list with an import value of $356.4 million in 2022. The country’s wood market thrives due to its strong wood processing industry, which requires roundwood as a raw material for manufacturing furniture, joinery, and interior fittings. Belgium’s strategic location and well-developed trade infrastructure further enhance its position as an attractive import market for roundwood.

In conclusion, the world’s best import markets for roundwood showcase the diverse needs of different nations and their respective industries. Countries like China, Austria, Japan, India, Germany, Sweden, Free Zones, South Korea, Vietnam, and Belgium continue to contribute to the growth and development of the global timber industry through their significant roundwood imports.

Source: IndexBox Market Intelligence Platform  

markets
Global Trade Daily, Imports/Exports, United states news

The World’s Best Import Markets for Meat

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1. China

China, with an import value of 23.7 billion USD, claims the top spot as the largest importer of meat in the world. The country’s massive population and growing middle class have led to increased demand for meat products. Chinese consumers are particularly fond of pork, beef, and chicken. This vast market presents a significant opportunity for meat exporters worldwide.

2. United States

The United States, known for its strong meat industry, ranks second on the list. With an import value of 11.1 billion USD, the country relies on imports to meet its diverse meat demand. The United States is a major importer of beef, poultry, and pork, sourcing meat from various countries, including Australia, Canada, and Mexico.

3. Japan

Japan, a meat-loving nation, is the third-largest importer, with an import value of 8.2 billion USD. Despite its limited land availability for livestock farming, the country has a significant domestic demand for meat. Japan imports various meat products, including beef, pork, and poultry, from countries like the United States, Australia, and Canada.

4. South Korea

South Korea, renowned for its cuisine that heavily incorporates meat dishes, stands as the fourth-largest importer of meat. With an import value of 6.6 billion USD, the country relies on imports to satisfy its meat requirements. South Korea primarily imports beef, pork, and poultry from the United States, Australia, and Europe.

5. Italy

Italy, known for its rich culinary heritage and love for meat-based dishes, occupies the fifth spot on the list. The country’s import value for meat in 2022 was 5.2 billion USD. Italy imports various types of meat, including beef, pork, and poultry, from countries like Germany, Spain, and the Netherlands.

6. Germany

Germany, a major player in the European meat market, is the sixth-largest importer globally. With an import value of 4.6 billion USD, the country relies on imports to meet its growing demand for meat. Germany imports a variety of meat products, including beef, pork, and poultry.

7. France

France, known for its cuisine and appreciation for high-quality food, ranks seventh on the list of top meat import markets. The country’s import value for meat in 2022 was 3.9 billion USD. France imports meat from various countries, including Germany, Spain, and Belgium, to cater to its diverse culinary traditions.

8. Netherlands

The Netherlands, a significant player in the global meat trade, holds the eighth position on the list. With an import value of 3.7 billion USD, the country imports meat from countries like Germany, Belgium, and Denmark. The Netherlands is known for its extensive meat processing industry.

9. Mexico

Mexico, with its vibrant cuisine and growing population, stands as the ninth-largest importer of meat. The country’s import value for meat in 2022 was 3.4 billion USD. Mexico mainly imports beef, pork, and poultry from the United States and Canada.

10. United Kingdom

The United Kingdom completes the top ten list of the world’s top meat import markets. With an import value of 2.8 billion USD, the country relies on imports to meet its meat requirements. Due to its limited domestic production capacity, the United Kingdom imports various types of meat, including beef, pork, and poultry.

Conclusion

The global meat market heavily relies on imports to meet the diverse meat demands of various countries. China, the United States, Japan, South Korea, Italy, Germany, France, the Netherlands, Mexico, and the United Kingdom make up the top ten import markets for meat. These countries play a crucial role in shaping the global meat trade and present significant opportunities for meat exporters worldwide.

 

Source: IndexBox Market Intelligence Platform

iron
Global Trade Daily, United states news

Import of Iron and Steel Forging in United States Soars by 66% to $10M in August 2023

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U.S. Iron And Steel Forging Imports

In August 2023, approximately 2M units of iron and steel forging were imported into the United States; with an increase of 70% against the previous month’s figure. Overall, total imports indicated a noticeable increase from August 2022 to August 2023: its volume increased at an average monthly rate of +2.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, imports increased by +70.0% against July 2023 indices. Over the period under review, imports hit record highs at 2.2M units in September 2022; however, from October 2022 to August 2023, imports stood at a somewhat lower figure.

In value terms, iron and steel forging imports skyrocketed to $10M (IndexBox estimates) in August 2023. In general, total imports indicated a pronounced increase from August 2022 to August 2023: its value increased at an average monthly rate of +2.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, imports increased by +65.6% against July 2023 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India (804K units), China (410K units) and Canada (269K units) were the main suppliers of iron and steel forging imports to the United States, with a combined 75% share of total imports.

From August 2022 to August 2023, the biggest increases were in India (with a CAGR of +11.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel forging suppliers to the United States were India ($4M), China ($2.1M) and Canada ($1.4M), with a combined 75% share of total imports.

India, with a CAGR of +11.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In August 2023, the iron and steel forging price stood at $5.0 per unit (CIF, US), dropping by -2.5% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 an increase of 13% m-o-m. Over the period under review, average import prices reached the maximum at $5.4 per unit in December 2022; however, from January 2023 to August 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the countries with the highest prices were Italy ($5.6 per unit) and Canada ($5.2 per unit), while the price for Mexico ($4.9 per unit) and India ($4.9 per unit) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform  

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Global Trade Daily, United states news

August 2023 Sees United States’ Import of Room Deodorants Surging 13%, Setting New Record at $51M

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U.S. Room Deodorants Imports

In August 2023, approximately 9.7K tons of preparations for perfuming or deodorising rooms were imported into the United States; growing by 13% compared with the previous month. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 with an increase of 15% against the previous month. Over the period under review, imports hit record highs in August 2023. \

In value terms, room deodorants imports rose sharply to $51M (IndexBox estimates) in August 2023. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 with an increase of 18% m-o-m. Imports peaked in August 2023.

Imports by Country

Mexico (4.2K tons), China (3K tons) and India (681 tons) were the main suppliers of room deodorants imports to the United States, together accounting for 82% of total imports.

From August 2022 to August 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +6.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($31M) constituted the largest supplier of room deodorants to the United States, comprising 62% of total imports. The second position in the ranking was held by China ($7.4M), with a 15% share of total imports. It was followed by India, with a 5.8% share.

From August 2022 to August 2023, the average monthly rate of growth in terms of value from Mexico stood at +2.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+0.9% per month) and India (+5.7% per month).

Import Prices by Country

In August 2023, the room deodorants price amounted to $5,250 per ton (CIF, US), stabilizing at the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 10% month-to-month. Over the period under review, average import prices reached the peak figure at $5,486 per ton in June 2023; however, from July 2023 to August 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($7,393 per ton), while the price for Turkey ($1,246 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Portugal (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform