Top Import Markets for Truck and Bus Tyres in the World

March 12th, 2024 IndexBox Leave a comment

When it comes to the global market for truck and bus tyres, certain countries stand out as major importers in this industry. These countries play a key role in the importation of truck and bus tyres, contributing significantly to the growth and development of the market. Let’s take a closer look at the world’s best import markets for truck and bus tyres, based on data from the IndexBox market intelligence platform.

1. United States

Ranked as the top import market for truck and bus tyres, the United States imported a total of 6.0 billion USD worth of tyres in 2023. The country’s strong demand for these tyres can be attributed to its large fleet of commercial vehicles, as well as its robust transportation industry.

2. Mexico

Mexico comes in second in terms of import value, with 1.9 billion USD worth of truck and bus tyres imported in 2023. The country’s proximity to the United States and its growing economy have contributed to the increasing demand for tyres in Mexico.

3. Germany

Germany is another key player in the import market for truck and bus tyres, with 1.7 billion USD worth of tyres imported in 2023. The country’s strong automotive industry and high demand for commercial vehicles drive the importation of tyres in Germany.

4. Canada

Canada ranks fourth in terms of import value, with 1.1 billion USD worth of truck and bus tyres imported in 2023. The country’s vast landscape and reliance on transportation for trade and commerce fuel the demand for tyres in Canada.

5. France

France imported 912.9 million USD worth of truck and bus tyres in 2023, making it one of the top import markets for these tyres. The country’s well-developed transportation infrastructure and strong commercial vehicle market contribute to the demand for tyres in France.

6. Italy

Italy is another key player in the import market for truck and bus tyres, with 714.4 million USD worth of tyres imported in 2023. The country’s automotive industry and extensive road network drive the importation of tyres in Italy.

7. Netherlands

The Netherlands imported 702.7 million USD worth of truck and bus tyres in 2023, solidifying its position as one of the top import markets for these tyres. The country’s strategic location and well-established logistics industry contribute to the demand for tyres in the Netherlands.

8. Brazil

Brazil imported 642.5 million USD worth of truck and bus tyres in 2023, showcasing its significance as an import market for these tyres. The country’s large commercial vehicle fleet and extensive road network drive the importation of tyres in Brazil.

9. Belgium

Belgium is another important player in the import market for truck and bus tyres, with 641.0 million USD worth of tyres imported in 2023. The country’s central location in Europe and strong transportation industry contribute to the demand for tyres in Belgium.

10. Australia

Rounding out the top-10 import markets for truck and bus tyres is Australia, which imported 633.9 million USD worth of tyres in 2023. The country’s vast land area and reliance on transportation for trade drive the importation of tyres in Australia.

Overall, these top import markets play a crucial role in the global trade of truck and bus tyres, with each country contributing to the growth and development of the market. By importing significant amounts of these tyres, these countries help meet the demand for commercial vehicles and ensure the smooth operation of transportation networks worldwide.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, Imports/Exports

Top Import Markets for Cherry and Sour Cherry

March 11th, 2024 IndexBox Leave a comment

When it comes to importing cherries and sour cherries, several countries stand out as major players in the global market. These top import markets not only consume large quantities of these tasty fruits but also play a crucial role in shaping the trends and prices of the industry. Let’s take a closer look at the top 10 countries by import value of cherry and sour cherry according to the latest data from IndexBox platform:

1. China – $2.7 Billion USD in 2023

China leads the pack as the world’s largest importer of cherry and sour cherry, with an import value of $2.7 billion USD in 2023. The country’s growing middle class and increasing demand for healthy and exotic fruits have helped drive this impressive figure.

2. Hong Kong SAR – $480.5 Million USD in 2023

Hong Kong SAR comes in second with an import value of $480.5 million USD in 2023. The city’s status as a major trading hub and gateway to China has made it a key player in the cherry and sour cherry market.

3. Germany – $190.8 Million USD in 2023

Germany ranks third on the list with an import value of $190.8 million USD in 2023. The country’s strong economy and vibrant food culture have made it a popular destination for high-quality cherries and sour cherries.

4. Austria – $134.8 Million USD in 2023

Austria is the fourth-largest importer of cherry and sour cherry, with an import value of $134.8 million USD in 2023. The country’s love for fresh and locally sourced produce has helped drive this figure.

5. Canada – $133.0 Million USD in 2023

Canada rounds out the top five import markets with an import value of $133.0 million USD in 2023. The country’s diverse population and growing interest in healthy eating have contributed to its strong demand for cherries and sour cherries.

6. South Korea – $124.6 Million USD in 2023

South Korea is the sixth-largest importer of cherry and sour cherry, with an import value of $124.6 million USD in 2023. The country’s vibrant culinary scene and increasing awareness of the health benefits of cherries have helped drive this figure.

7. Taiwan (Chinese) – $98.6 Million USD in 2023

Taiwan (Chinese) ranks seventh on the list with an import value of $98.6 million USD in 2023. The country’s strong economy and high standards for food quality have made it a key player in the cherry and sour cherry market.

8. United States – $97.0 Million USD in 2023

The United States is the eighth-largest importer of cherry and sour cherry, with an import value of $97.0 million USD in 2023. The country’s large population and diverse culinary landscape have driven strong demand for these fruits.

9. Russia – $89.0 Million USD in 2023

Russia comes in ninth with an import value of $89.0 million USD in 2023. The country’s growing economy and changing dietary preferences have led to increased consumption of cherries and sour cherries.

10. Italy – $66.7 Million USD in 2023

Italy rounds out the top 10 import markets with an import value of $66.7 million USD in 2023. The country’s rich culinary heritage and love for fresh produce have made it a key destination for cherries and sour cherries.

Overall, these top import markets play a crucial role in shaping the global cherry and sour cherry industry. Their growing demand for these fruits signals a bright future for producers and exporters around the world.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, Imports/Exports

Top 10 Import Markets for Cocoa Bean in the World

March 8th, 2024 IndexBox Leave a comment

When it comes to the global trade of cocoa beans, there are several countries that stand out as major import markets. These countries play a crucial role in the supply chain of cocoa beans, which are the key ingredient in chocolate production. In this article, we will take a closer look at the top 10 countries by import value of cocoa beans, as well as key statistics and market trends.

1. Netherlands – $2.2 Billion USD in 2023

The Netherlands tops the list as the world’s largest importer of cocoa beans, with an import value of $2.2 billion USD in 2023. The country has a strong reputation for its chocolate and confectionery industry, making it a key player in the global cocoa bean market.

2. Malaysia – $1.5 Billion USD in 2023

Malaysia takes the second spot on the list, with an import value of $1.5 billion USD in 2023. The country’s growing demand for cocoa beans is driven by its expanding chocolate market, as well as its use in other food and beverage products.

3. Germany – $1.3 Billion USD in 2023

Germany is another major player in the global cocoa bean market, with an import value of $1.3 billion USD in 2023. The country’s strong economy and large chocolate industry make it a significant importer of cocoa beans.

4. Belgium – $996.9 Million USD in 2023

Belgium ranks fourth on the list, with an import value of $996.9 million USD in 2023. The country is known for its high-quality chocolate and confectionery products, making it a key destination for cocoa bean imports.

5. United States – $769.3 Million USD in 2023

The United States is the fifth largest importer of cocoa beans, with an import value of $769.3 million USD in 2023. The country’s chocolate industry is one of the largest in the world, driving its demand for cocoa beans.

6. Indonesia – $582.1 Million USD in 2023

Indonesia is another significant player in the global cocoa bean market, with an import value of $582.1 million USD in 2023. The country’s growing chocolate industry and increasing consumer demand for chocolate products are driving its imports of cocoa beans.

7. France – $459.0 Million USD in 2023

France ranks seventh on the list, with an import value of $459.0 million USD in 2023. The country is known for its high-quality chocolate and pastry products, making it a key importer of cocoa beans.

8. Canada – $359.2 Million USD in 2023

Canada is the eighth largest importer of cocoa beans, with an import value of $359.2 million USD in 2023. The country’s chocolate market is growing, driving its demand for cocoa beans in recent years.

9. Italy – $325.8 Million USD in 2023

Italy ranks ninth on the list, with an import value of $325.8 million USD in 2023. The country’s chocolate and confectionery industry is a significant driver of its cocoa bean imports.

10. Turkey – $315.1 Million USD in 2023

Turkey rounds out the top 10 list of the world’s best import markets for cocoa beans, with an import value of $315.1 million USD in 2023. The country’s growing chocolate market and increasing consumer demand for chocolate products are fueling its imports of cocoa beans.

Overall, these top 10 countries play a critical role in the global cocoa bean market, driving demand and shaping market trends. As the chocolate industry continues to expand worldwide, these countries will likely remain key import markets for cocoa beans in the coming years.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, Imports/Exports

Top Import Markets for Iron and Steel Wire in 2023

March 7th, 2024 IndexBox Leave a comment

Iron and steel wire are essential materials used in a variety of industries, including construction, automotive, and manufacturing. As such, the global market for these products is vast, with numerous countries importing significant amounts of iron and steel wire each year. According to data from the IndexBox market intelligence platform, the following are the world’s top-10 countries by import value of iron and steel wire in 2023:

1. United States – $1.1 Billion USD

The United States tops the list as the largest importer of iron and steel wire, with imports totaling $1.1 billion USD in 2023. The country’s robust construction and manufacturing sectors drive the demand for these materials.

2. Germany – $1.0 Billion USD

Germany is another major player in the iron and steel wire import market, with imports reaching $1.0 billion USD in 2023. The country’s strong industrial base and infrastructure projects contribute to its significant import volume.

3. Poland – $606.4 Million USD

Poland ranks third on the list, importing $606.4 million USD worth of iron and steel wire in 2023. The country’s construction industry is a key driver of demand for these materials.

4. France – $551.6 Million USD

France follows closely behind Poland, importing $551.6 million USD of iron and steel wire in 2023. The country’s diverse manufacturing sector relies heavily on these materials.

5. Italy – $498.7 Million USD

Italy’s import value for iron and steel wire in 2023 stands at $498.7 million USD, making it a significant market for these materials. The country’s construction and automotive industries are major consumers of iron and steel wire.

6. Netherlands – $408.9 Million USD

The Netherlands is another important import market for iron and steel wire, with imports amounting to $408.9 million USD in 2023. The country’s strategic location and strong trade ties contribute to its substantial import volume.

7. China – $386.4 Million USD

Despite being a major producer of iron and steel, China also imports a significant amount of iron and steel wire, totaling $386.4 million USD in 2023. The country’s booming construction sector drives the demand for these materials.

8. Thailand – $350.7 Million USD

Thailand’s import value for iron and steel wire in 2023 is $350.7 million USD, reflecting the country’s growing construction and manufacturing industries. The demand for these materials is expected to continue rising in the coming years.

9. Switzerland – $347.5 Million USD

Switzerland is a key import market for iron and steel wire, with imports reaching $347.5 million USD in 2023. The country’s strong economy and industrial sector drive the demand for these materials.

10. Brazil – $332.4 Million USD

Rounding out the top-10 list is Brazil, with an import value of $332.4 million USD for iron and steel wire in 2023. The country’s construction and infrastructure projects fuel the demand for these materials.

Overall, the global market for iron and steel wire is robust, with a diverse range of countries importing significant volumes of these materials. The data from the IndexBox market intelligence platform highlights the key players in this market and their respective import values, providing valuable insights for businesses operating in the iron and steel wire industry.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, Imports/Exports

Top 10 Countries for Cement Imports in 2023

March 6th, 2024 IndexBox Leave a comment

When it comes to the global cement market, certain countries stand out for their significant import volumes. These countries play a crucial role in meeting the demand for cement in their respective regions and contribute to the overall growth of the cement industry worldwide. In this article, we will take a closer look at the top import markets for cement, based on data provided by IndexBox market intelligence platform.

1. United States

The United States tops the list of the world’s best import markets for cement, with an import value of 2.1 billion USD in 2023. The country’s construction industry is a major driver of cement imports, as it continues to expand and develop infrastructure projects across the nation. The United States relies on imports to supplement its domestic cement production and meet the growing demand for construction materials.

2. Netherlands

The Netherlands is another key player in the global cement market, with an import value of 460.0 million USD in 2023. The country’s strategic location and well-developed infrastructure make it a popular transit point for cement shipments heading to other European countries. The Dutch construction industry also contributes to the demand for cement imports in the country.

3. France

France is a significant importer of cement, with an import value of 433.9 million USD in 2023. The country’s construction sector is a major consumer of cement, as France continues to invest in infrastructure projects and urban development. Cement imports play a crucial role in meeting the demand for construction materials in France.

4. Israel

Israel is one of the top import markets for cement, with an import value of 430.6 million USD in 2023. The country’s construction industry is a key driver of cement imports, as Israel looks to expand its infrastructure and housing projects. Cement imports contribute to meeting the growing demand for construction materials in Israel.

5. Philippines

The Philippines is a significant importer of cement, with an import value of 391.4 million USD in 2023. The country’s construction sector is a major consumer of cement, as the Philippines continues to invest in infrastructure projects and urban development. Cement imports are essential for meeting the demand for construction materials in the Philippines.

6. Italy

Italy is another key player in the global cement market, with an import value of 261.2 million USD in 2023. The country’s construction industry is a major driver of cement imports, as Italy looks to expand its infrastructure and urban development projects. Cement imports play a crucial role in meeting the growing demand for construction materials in Italy.

7. Singapore

Singapore is a significant importer of cement, with an import value of 220.0 million USD in 2023. The country’s strategic location and well-developed infrastructure make it a popular transit point for cement shipments in Southeast Asia. Singapore’s construction sector also contributes to the demand for cement imports in the country.

8. Palestine

Palestine is one of the top import markets for cement, with an import value of 203.3 million USD in 2023. The country’s construction industry is a major consumer of cement, as Palestine continues to invest in infrastructure projects and urban development. Cement imports play a crucial role in meeting the demand for construction materials in Palestine.

9. Hong Kong SAR

Hong Kong SAR is a significant importer of cement, with an import value of 201.4 million USD in 2023. The region’s well-developed infrastructure and high construction activity create a strong demand for cement imports. Hong Kong SAR relies on imports to supplement its domestic cement production and meet the growing demand for construction materials.

10. Hungary

Hungary is another key player in the global cement market, with an import value of 188.7 million USD in 2023. The country’s construction industry is a major driver of cement imports, as Hungary looks to expand its infrastructure and urban development projects. Cement imports play a crucial role in meeting the growing demand for construction materials in Hungary. In conclusion, the world’s best import markets for cement play a vital role in meeting the demand for construction materials and supporting the growth of the global cement industry. These countries rely on imports to supplement their domestic cement production and contribute to the development of infrastructure projects and urban development. By strategically importing cement, these countries ensure a steady supply of construction materials and contribute to the overall success of the cement industry worldwide.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, Imports/Exports, United states news

Blood Export in United States Sees Drastic Decrease to $71M in December 2023

March 5th, 2024 IndexBox Leave a comment

U.S. Human And Animal Blood Exports

In December 2023, overseas shipments of human blood and animal blood prepared for therapeutic, pophylactic or diagnostic uses increased by 27% to 484 tons for the first time since August 2023, thus ending a three-month declining trend. Over the period under review, exports, however, continue to indicate a noticeable decline. The pace of growth was the most pronounced in January 2023 with an increase of 62% m-o-m. As a result, the exports reached the peak of 1.1K tons. From February 2023 to December 2023, the growth of the exports remained at a lower figure.

In value terms, human and animal blood exports dropped remarkably to $71M (IndexBox estimates) in December 2023. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 with an increase of 80% m-o-m.

Exports by Country

Canada (102 tons), the UK (53 tons) and China (33 tons) were the main destinations of human and animal blood exports from the United States, with a combined 39% share of total exports. Japan, Mexico and Belgium lagged somewhat behind, together comprising a further 16%.

From December 2022 to December 2023, the biggest increases were in Mexico (with a CAGR of +2.1%), while shipments for the other leaders experienced a decline.

In value terms, the UK ($16M) remains the key foreign market for human and animal blood exports from the United States, comprising 23% of total exports. The second position in the ranking was taken by Japan ($6.3M), with an 8.8% share of total exports. It was followed by China, with a 6.7% share.

From December 2022 to December 2023, the average monthly growth rate of value to the UK stood at -1.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-1.0% per month) and China (-1.9% per month).

Export Prices by Country

In December 2023, the human and animal blood price stood at $147K per ton (FOB, US), shrinking by -43.5% against the previous month. Over the period under review, export price indicated notable growth from December 2022 to December 2023: its price increased at an average monthly rate of +3.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, human and animal blood export price decreased by -43.5% against November 2023 indices. The pace of growth appeared the most rapid in February 2023 an increase of 34% month-to-month. Over the period under review, the average export prices hit record highs at $260K per ton in November 2023, and then reduced rapidly in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($310K per ton), while the average price for exports to Spain ($12,112 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, Imports/Exports

December 2023 Sees U.S. Stationery Imports Plummet to $47M

March 4th, 2024 IndexBox Leave a comment

U.S. Stationery Imports In December 2023, stationery imports into the United States shrank remarkably to 13K tons, reducing by -26% on November 2023 figures. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when imports increased by 69% m-o-m.

In value terms, stationery imports dropped remarkably to $47M (IndexBox estimates) in December 2023. Overall, imports showed a slight decrease. The pace of growth appeared the most rapid in April 2023 when imports increased by 44% month-to-month.

Imports by Country

China (4.3K tons), Vietnam (2.5K tons) and Mexico (1.8K tons) were the main suppliers of stationery imports to the United States, with a combined 68% share of total imports. India and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 17%.

From December 2022 to December 2023, the biggest increases were in Taiwan (Chinese) (with a CAGR of +3.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($16M) constituted the largest supplier of stationery to the United States, comprising 35% of total imports. The second position in the ranking was held by Vietnam ($7.6M), with a 16% share of total imports. It was followed by Mexico, with a 14% share.

From December 2022 to December 2023, the average monthly growth rate of value from China totaled -1.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (-1.5% per month) and Mexico (+0.8% per month).

Imports by Type

In December 2023, registers, account books, order books and receipt books (8.9K tons) constituted the largest type of stationery supplied to the United States, with a 70% share of total imports. Moreover, registers, account books, order books and receipt books exceeded the figures recorded for the second-largest type, paper binders, folders and file covers (3.4K tons), threefold. The third position in this ranking was taken by blotting pads and book covers (194 tons), with a 1.5% share.

From December 2022 to December 2023, the average monthly growth rate of the volume of import of registers, account books, order books and receipt books was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: paper binders, folders and file covers (-1.2% per month) and blotting pads and book covers (+2.2% per month).

In value terms, registers, account books, order books and receipt books ($34M) constituted the largest type of stationery supplied to the United States, comprising 72% of total imports. The second position in the ranking was held by paper binders, folders and file covers ($11M), with a 23% share of total imports. It was followed by albums for samples, collections, stamps or photographs, with a 2.2% share.

Import Prices by Country

In December 2023, the stationery price stood at $3,663 per ton (CIF, US), stabilizing at the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 when the average import price increased by 14% against the previous month. Over the period under review, average import prices reached the maximum at $3,931 per ton in October 2023; however, from November 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($3,792 per ton), while the price for Cambodia ($2,102 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Global Trade Daily

December 2023 Sees U.S. Stationery Imports Plummet to $47M

March 1st, 2024 IndexBox Leave a comment

U.S. Stationery Imports

In December 2023, stationery imports into the United States shrank remarkably to 13K tons, reducing by -26% on November 2023 figures. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when imports increased by 69% m-o-m.

Imports by Country

From December 2022 to December 2023, the biggest increases were in Taiwan (Chinese) (with a CAGR of +3.5%), while purchases for the other leaders experienced mixed trend patterns.

Imports by Type

Import Prices by Country

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($3,792 per ton), while the price for Cambodia ($2,102 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, Imports/Exports

Best Import Markets for Sportswear Around the World

February 28th, 2024 IndexBox Leave a comment

Sportswear has become a staple in the wardrobes of people around the world, not just for athletic activities but also for everyday wear. As the demand for sportswear continues to rise, import markets play a crucial role in ensuring that consumers have access to a wide range of high-quality products. In this article, we will explore the top import markets for sportswear, based on data from the IndexBox market intelligence platform.

1. United States

With an import value of 1.2 billion USD in 2022, the United States is the world’s largest import market for sportswear. The country’s strong economy, sizeable population, and love for sports make it a lucrative market for sportswear manufacturers around the globe. Major brands like Nike, Adidas, and Under Armour have a strong presence in the US market, catering to the diverse needs of American consumers.

2. Germany

Germany ranks second on the list of top import markets for sportswear, with an import value of 540.5 million USD in 2022. The country’s affluent population, active lifestyle, and focus on fitness and outdoor activities drive the demand for sportswear. German consumers are known for their preference for high-quality, functional sportswear, making it a competitive market for international brands.

3. France

France is another important import market for sportswear, with an import value of 385.5 million USD in 2022. The country’s fashion-conscious consumers and vibrant sports culture contribute to the demand for trendy and stylish sportswear products. French consumers value both aesthetics and performance when it comes to sportswear, creating opportunities for brands that can blend style with functionality.

4. Italy

Italy is a significant importer of sportswear, with an import value of 349.9 million USD in 2022. The country’s rich heritage in fashion and design, combined with a passion for sports like soccer and cycling, make it a key market for sportswear manufacturers. Italian consumers appreciate high-quality craftsmanship and innovative designs, driving demand for premium sportswear brands.

5. United Kingdom

The United Kingdom is a leading import market for sportswear, with an import value of 341.6 million USD in 2022. The country’s active lifestyle, love for sports, and diverse retail landscape create opportunities for a wide range of sportswear brands. British consumers are increasingly seeking sportswear that combines performance, style, and sustainability, driving innovation in the market.

6. Spain

Spain is a growing market for sportswear, with an import value of 267.3 million USD in 2022. The country’s warm climate, emphasis on outdoor activities, and passion for sports like soccer and basketball fuel the demand for sportswear. Spanish consumers value comfort, versatility, and durability in sportswear products, creating opportunities for brands that can meet these preferences.

7. Netherlands

The Netherlands is an important import market for sportswear, with an import value of 230.6 million USD in 2022. The country’s active population, cycling culture, and focus on sustainability drive the demand for sportswear products. Dutch consumers appreciate sportswear that is both stylish and functional, with a preference for brands that prioritize eco-friendly materials and production practices.

8. Poland

Poland is a notable importer of sportswear, with an import value of 163.9 million USD in 2022. The country’s growing economy, rising disposable incomes, and enthusiasm for sports contribute to the increasing demand for sportswear products. Polish consumers seek affordable yet quality sportswear options, creating opportunities for brands that can offer a good balance of price and performance.

9. Belgium

Belgium is a key import market for sportswear, with an import value of 152.5 million USD in 2022. The country’s active population, cycling culture, and focus on health and fitness drive the demand for sportswear products. Belgian consumers value comfort, functionality, and style in sportswear, creating opportunities for brands that can cater to these preferences.

10. Russia

Russia rounds out the list of top import markets for sportswear, with an import value of 147.8 million USD in 2022. The country’s growing interest in sports, fashion-conscious consumers, and active lifestyle contribute to the demand for sportswear products. Russian consumers seek sportswear that is both trendy and practical, with a preference for brands that offer a wide range of styles and designs.

Overall, these top import markets for sportswear offer lucrative opportunities for brands looking to expand their reach and tap into new consumer segments. By understanding the unique preferences and buying behaviors of consumers in each market, companies can tailor their products and marketing strategies to effectively compete and succeed in the global sportswear industry.

Source: IndexBox Market Intelligence Platform

Imports/Exports

U.S. Import Value for Inductors Sees a Slight Increase to $76 Million in December 2023

February 26th, 2024 IndexBox Leave a comment

U.S. Inductor Imports

In December 2023, imports of inductors into the United States rose significantly to 382M units, surging by 6.6% on the previous month’s figure. Over the period under review, imports, however, saw a mild slump. The pace of growth was the most pronounced in March 2023 with an increase of 16% m-o-m. As a result, imports attained the peak of 520M units. From April 2023 to December 2023, the growth of imports remained at a lower figure.

In value terms, inductor imports amounted to $76M (IndexBox estimates) in December 2023. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 with an increase of 34% m-o-m. As a result, imports attained the peak of $115M. From April 2023 to December 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In December 2023, Japan (193M units) constituted the largest supplier of inductor to the United States, accounting for a 51% share of total imports. Moreover, inductor imports from Japan exceeded the figures recorded by the second-largest supplier, China (55M units), fourfold. The third position in this ranking was taken by Vietnam (43M units), with an 11% share.

From December 2022 to December 2023, the average monthly rate of growth in terms of volume from Japan stood at -2.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-1.9% per month) and Vietnam (+1.7% per month).

In value terms, China ($20M) constituted the largest supplier of inductor to the United States, comprising 27% of total imports. The second position in the ranking was held by Japan ($8.2M), with an 11% share of total imports. It was followed by Vietnam, with a 6% share.

From December 2022 to December 2023, the average monthly rate of growth in terms of value from China amounted to -1.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (-3.9% per month) and Vietnam (+1.3% per month).

Import Prices by Country

In December 2023, the inductor price amounted to $200 per thousand units (CIF, US), dropping by -3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in May 2023 an increase of 32% m-o-m. The import price peaked at $222 per thousand units in March 2023; however, from April 2023 to December 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was China ($371 per thousand units), while the price for Japan ($43.0 per thousand units) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Top Import Markets for Truck and Bus Tyres in the World

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