Vietnam Strengthens Position in American Plastic Shutter and Blind Imports

Vietnam Strengthens Position in American Plastic Shutter and Blind Imports

January 16th, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘U.S. – Plastic Shutters And Blinds – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

American imports of plastic shutters and blinds jumped by +11% y-o-y to 97M units in 2020. In value terms, imports grew to $887M, steadily rising during the past decade. Cambodia, China and Viet Nam constitute the largest suppliers to the U.S., accounting for 75% of the American imports. Viet Nam emerged as the fastest-growing exporter of plastic shutters and blinds to the U.S. last year. The average import price for plastic shutters and blinds dropped by -8.9% y-o-y $9.1 per unit in 2020.

American Imports of Plastic Shutters and Blinds

In 2020, imports of plastic shutters and blinds into the U.S. expanded remarkably to 97M units, growing by +11% on the year before. In value terms, plastic shutters and blinds imports rose slightly from $879M in 2019 to $887M (IndexBox estimates) in 2020. Over the past decade, American imports increased from $549M to $887M.

Cambodia (28M units), China (27M units) and Viet Nam (19M units) were the main suppliers of plastic shutters and blinds imports to the U.S., together comprising 75% of total imports.

Among other suppliers, Viet Nam (+74.1% per year) recorded the biggest increases in export volume of plastic shutters and blinds to the U.S. in 2020.

In value terms, Cambodia ($264M), China ($199M) and Viet Nam ($198M) constituted the largest plastic shutters and blinds suppliers to the U.S., with a combined 75% share of total imports.

The average import price for plastic shutters and blinds stood at $9.1 per unit in 2020, with a decrease of -8.9% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Viet Nam ($11 per unit), while the price for Taiwan (Chinese) ($6.9 per unit) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Viet Nam, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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Shrimp Prices to Soar in 2022 on Rising Logistical Costs

January 15th, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘World – Frozen Crustaceans – Market Analysis, Forecast, Size, Trends And Insights‘. Here is a summary of the report’s key findings.

This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the critical reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than in 2020.

High freight rates, the rising cost of marine fuels, and logistical disruptions, including bottlenecks at seaports and shortages of lorry drivers in the U.S. and Europe, will further propel wholesale prices. According to the World Banks’ October forecast, the average annual shrimp price is set to soar by 7% y-o-y to $15 per kg in 2022. Demand for shrimp is expected to boost at the fastest rates in East and Western Europe and the U.S.

In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than in 2020. Rising logistic expenditures were the main driver for that spike. From O1 to Q3 of 2021, international freight costs from Asia to North America for 20-foot and 40-foot containers rose by 500-700% (at $13K and $20K, respectively) due to shortages of frozen food containers (FAO estimates).

Despite that, global shrimp trade remained stable due to increased imports in the western markets. Demand in Europe is strong as the HoReCa sector resumed its work. During H1 2021, shrimp imports in the EU reached a 5-year record at 367K tonnes, rising by 16% against the same period of the previous year. Russia, Ukraine, the UK and Northern Ireland also experienced a sharp spike in shrimp purchases. The U.S., the world’s largest market for crustaceans, imported 404K tonnes of shrimp worth $3.4B in H1 2021, which was 30% more in terms of tonnage than a year earlier.

Global Shrimp Exports

In 2020, approx. 3.3M tonnes of shrimp were exported worldwide, waning by -3.6% compared with the previous year’s figure. In value terms, shrimp supplies reduced to $24.5B.

Ecuador (692K tonnes) and India (580K tonnes) represented roughly 39% of global exports of shrimp in 2020. Viet Nam (383K tonnes) took a 12% share (based on tonnes) of total supplies, which put it in second place, followed by Indonesia (7.3%) and China (4.9%). The following exporters – Thailand (144K tonnes), Argentina (129K tonnes), Greenland (118K tonnes), Denmark (95K tonnes), the Netherlands (85K tonnes) and Canada (52K tonnes) – together made up 19% of total volume.

In value terms, the largest shrimp supplying countries worldwide were India ($4.3B), Ecuador ($3.9B) and Viet Nam ($3.5B), together accounting for 48% of global exports. Indonesia, China, Thailand, the Netherlands, Argentina, Greenland, Denmark and Canada lagged somewhat behind, together accounting for a further 34%.

Among the main exporting countries, Indonesia (+18.6%) saw the highest growth rate with regard to the value of exports, while shipments for the other global leaders experienced more modest paces of growth in 2020.

Top Largest Shrimp Importers in 2020

The U.S. (749K tonnes) and China (609K tonnes) were the key importers of shrimp across the globe, together comprising 44% of global purchases. Japan (212K tonnes) ranks next in the total imports with a 6.8% share, followed by Spain (5%). The following importers – France (114K tonnes), South Korea (98K tonnes), Denmark (98K tonnes), the Netherlands (85K tonnes), the UK (77K tonnes), Italy (73K tonnes), Germany (71K tonnes), Russia (57K tonnes) and Canada (50K tonnes) – together made up 23% of global volume.

In value terms, the largest shrimp importing markets worldwide were the U.S. ($6.7B), China ($3.5B) and Japan ($2.1B), with a combined 52% share of total supplies. Spain, France, the UK, the Netherlands, Germany, South Korea, Denmark, Italy, Canada and Russia lagged somewhat behind, together comprising a further 29%.

Source: IndexBox Platform

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Soybean Oil Prices to Gain 4% in 2022 Due to Boosting Demand for Biofuels

January 15th, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘World – Soybean Oil – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In 2022, soybean oil prices are forecast to rise by nearly 4% to $1,425 per tonne, driven by boosting demand for biofuels. In 2021, the average annual soybean oil price skyrocketed, rising 65% y-o-y to $1,385 per tonne. India remains the world’s largest soybean oil importer, while Argentina holds the position of the leading global supplier.

Soybean Oil Price Forecast 2022

According to the World Bank’s October forecast, the average annual soybean oil price is set to grow by nearly 4% to $1,425 per tonne in 2022. Rising demand for biofuels, especially in Asia, will be the key driver of that increase.

In 2021, the average annual soybean oil price soared by 65% y-o-y, from $838 per tonne to $1,385 per tonne. The most rapid price growth was recorded in Q3, instigated by weather-related production shortfalls in South America, strong demand in China, and high freight rates.

Soybean Oil Imports

In 2020, overseas soybean oil purchases increased by 7.5% to 13M tonnes, rising for the second year in a row after three years of decline. In value terms, soybean oil imports expanded notably to $10.3B (IndexBox estimates).

India was the major importing country with a purchase volume of around 3.7M tonnes, which resulted in 28% of global supplies. China (963K tonnes) held the second position in the ranking, followed by Algeria (670K tonnes) and Bangladesh (666K tonnes). All these countries together took near 17% share of total imports. Morocco (547K tonnes), Mauritania (537K tonnes), Peru (521K tonnes), South Korea (390K tonnes), Colombia (378K tonnes), Venezuela (373K tonnes), Egypt (243K tonnes), Poland (229K tonnes) and Nepal (215K tonnes) followed a long way behind the leaders.

In value terms, India ($3B) constitutes the largest market for imported soybean oil worldwide, comprising 29% of global imports. The second position in the ranking was occupied by China ($725M), with a 7% share of the total value. It was followed by Algeria, with a 4.6% share.

Top Largest Soybean Oil Exporters

In 2020, Argentina (5.3M tonnes) was the key exporter of soybean oil, constituting 42% of total exports. It was distantly followed by the U.S. (1,238K tonnes), Brazil (1,110K tonnes), Paraguay (631K tonnes), the Netherlands (615K tonnes) and Russia (611K tonnes), together creating a 33% share of global shipments. Spain (387K tonnes), Bolivia (377K tonnes), Ukraine (302K tonnes), Turkey (208K tonnes) and Germany (192K tonnes) held relatively small shares of the total volume.

In value terms, Argentina ($3.7B) remains the largest soybean oil supplier worldwide, comprising 39% of global exports. The second position in the ranking was occupied by the U.S. ($979M), with a 10% share of total supplies. It was followed by Brazil, with an 8% share.

Source: IndexBox Platform

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U.S. Glass Bottle Market: Growing Demand and Short Supply Are Driving Recycling

January 14th, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘U.S. Glass Bottle And Container Market. Analysis And Forecast to 2025’. Here is a summary of the report’s key findings.

The U.S. glass bottle market is running into a supply shortage caused by high demand for alcohol, raw materials being reallocated to produce vaccine vials and supply-chain disruptions arising from the shipping-container crisis. Confronted with a labor shortage, the increased demand for glass could incentivize developments in recycling with substantial potential for growth because currently, only 31% of glass bottles in the U.S. are recycled.

Key Trends and Insights

IndexBox calculates that in 2020, the U.S. market of glass bottles and containers grew by 0.6%, reaching about 4.4M tonnes or $6.7B in monetary terms. Approximately 25% of the American market is supplied by foreign products, mainly from Mexico (29% of total U.S. imports), China (18%) and Taiwan (10%).

Despite imports rising to $1.6B in the first ten months of this year (+22% compared to the same period in 2020), the U.S. is facing a glass bottle deficit. Beverage producers must search for alternatives such as plastic packaging. The key factors causing this shortfall are the high demand for alcohol and the increasing number of recycled bottles used for producing glass vials for vaccines. Another factor inciting the scarcity of glass bottles is the supply chain disruption in Asia, rising from a deficit in shipping containers.

There is excellent potential to increase glass recycling and expand the raw material base in the U.S. Since glass is 100% recyclable, implementing a recycling process could replace up to 95% of first-use materials with second-use. Even though in the past 40 years, the amount of recycled material grew by a factor of four, the EPA calculates that recycled glass only accounts for a 31% share. In these conditions, second-use products are used in 40% of beer and non-alcoholic beverage bottles, 40% of wine and alcoholic beverage bottles and 15% for food and other glass bottles. In 2018, there was a total of 12.3M tonnes of waste glass, but only 3M was recycled while at the same time, wasted glass amounted to 7.6M.

Over 40 factories are currently focused on production, and more than 60 operate for processing (recycling) glass in the U.S. During the existing labour shortage, the high demand could drive developments in far more cost-effective technologies, such as a Curbside Recycling System. According to the Container Recycling Institute, Curbside Recycling of 1000 tonnes of glass would require about 8 personnel while at the same time using a Deposit Return System is from 11 to 38 times more labour-intensive.

U.S. Glass Bottle Imports

Glass bottle and container imports into the U.S. totaled 1.6M tonnes in 2020, growing by 2.3% on 2019 figures. In value terms, the purchases reached $1.4B (IndexBox estimates).

Mexico (436K tonnes), China (339K tonnes) and Taiwan (Chinese) (188K tonnes) were the leading suppliers to the U.S., together comprising 61% of total volume. Canada, France, India, Germany, Italy, Chile, Poland and Turkey lagged somewhat behind, together comprising a further 26%.

In value terms, Mexico ($450M), China ($252M) and Taiwan (Chinese) ($122M) constituted 57% of the total imports. These countries were followed by Canada, France, Italy, Germany, India, Poland, Chile and Turkey, which together accounted for a further 31%.

The average glass bottle and container import price stood at $911 per tonne in 2020, dropping by -1.8% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was Italy ($2,094 per tonne), while the price for Turkey ($387 per tonne) was amongst the lowest. Last year, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other significant suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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Surging Corrugated Box Prices Propel Suppliers’ Revenues

January 12th, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘World – Cartons, Boxes And Cases Of Corrugated Paper Or Paperboard – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

In H1 2021, the trade volume in the global corrugated paper box market totaled 1.9M tonnes, dropping by 5% compared to the same period last year. Despite that, it rose by 16% to $3.6B in value terms due to the average carton box price increased by approximately 23% to $1,882 per tonne. Germany, the U.S., the Netherlands and China remain the leading suppliers in the global corrugated paper box market, accounting for 41% of total export volume. The Netherlands, Mexico and France are the largest importers of paperboard cases worldwide.

Global Corrugated Paper Box Exports

In the first half of 2021, global exports of cartons and boxes of corrugated paperboard amounted to 1.9M tonnes, decreasing by 5% compared to the same period in 2020. In value terms, the supplies jumped by 16% to $3.6B, while the average export price rose by 23% (compared to those of H1 2020) to $1,882 per tonne due to increased demand combined with limited supply rising energy costs and high freight rates.

Last year, approx. 6.1M tonnes of cartons, boxes and cases of corrugated paper or paperboard were exported worldwide, growing by 4.3% on the previous year. In value terms, exports stood at $9B (IndexBox estimates).

Germany (810K tonnes), the U.S. (651K tonnes), the Netherlands (528K tonnes) and China (523K tonnes) represented roughly 41% of total exports in 2020. Poland (347K tonnes) took a 5.7% share (based on tonnes) of total exports, which put it in second place, followed by Italy (5.2%). Turkey (244K tonnes), Austria (239K tonnes), Belgium (206K tonnes), Mexico (198K tonnes), Spain (192K tonnes), Guatemala (186K tonnes) and the Czech Republic (137K tonnes) occupied a minor share of global exports.

In value terms, the largest corrugated paper box supplying countries worldwide were China ($1.5B), the U.S. ($1.1B) and Germany ($1.1B), with a combined 42% share of the total value. These countries were followed by the Netherlands, Poland, Italy, Austria, Turkey, Spain, Belgium, Mexico, the Czech Republic and Guatemala, which together accounted for a further 33%.

The average corrugated paper box export price stood at $1,491 per tonne in 2020, dropping by -1.6% against the previous year. There were significant differences in the average prices amongst the major exporting countries. The country with the highest price was China ($2,910 per tonne), while Guatemala ($767 per tonne) was amongst the lowest. Last year, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

World’s Largest Corrugated Paper Box Importers

The purchases of the seven significant importers of cartons, boxes and cases of corrugated paper or paperboard, namely the Netherlands, Mexico, France, Germany, the U.S., Belgium and Canada, represented more than a third of total import. Switzerland (139K tonnes), the UK (125K tonnes), the Czech Republic (116K tonnes), Ireland (97K tonnes), Hungary (96K tonnes) and Hong Kong SAR (92K tonnes) followed a long way behind the leaders.

In value terms, the Netherlands ($701M), Mexico ($668M) and the U.S. ($600M) appeared to be the countries with the highest levels of imports in 2020, together comprising 25% of global imports. Germany, France, Canada, Belgium, Switzerland, the UK, Hungary, the Czech Republic, Ireland and Hong Kong SAR lagged somewhat behind, together accounting for a further 35%.

Source: IndexBox Platform

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Germany Expanded Lactam Imports More Than Tenfold to $6.8B

January 11th, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘World – Lactams From Heterocyclic Compounds – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

From 2010 to 2020, Germany boosted purchases abroad by thirteen times, from $0.5B to $6.8B, and became the world’s leading lactam importer in value terms. The U.S. ($3.4B) and Italy ($1.4B) followed Germany. Most lactam supplies come to the global market from Belgium ($1.7B), Japan ($303M) and China ($367M), which became the fastest-growing lactam exporter in the past decade.

Global Imports of Lactams from Heterocyclic Compounds

Total overseas purchases of lactams from heterocyclic compounds in the world grew from 1.1M tonnes in 2019 to 1.2M tonnes in 2020. In value terms, global lactam imports rose from $19.7 to $20.8B (IndexBox estimates).

The largest lactam importing markets worldwide were Germany ($6.8B), the U.S. ($3.4B) and Italy ($1.4B), together accounting for 56% of global imports in 2020.

Over the past decade, Germany (+30.4% per year) saw the highest growth rates of the import value, while purchases for the other global leaders experienced more modest paces of growth.

In physical terms, China (280K tonnes), Taiwan (Chinese) (209K tonnes) and Germany (195K tonnes) represented the leading importers of lactams from heterocyclic compounds in the world, committing 58% of total import. They were distantly followed by Italy (105K tonnes) and India (58K tonnes), creating a 14% share of total imports. The following importers – Switzerland (49K tonnes), South Korea (48K tonnes), Slovenia (34K tonnes), Belgium (31K tonnes), Viet Nam (27K tonnes), the U.S. (21K tonnes) and Indonesia (19K tonnes) – together made up 19% of total imports.

In 2020, the average lactam import price amounted to $17,538 per tonne, approximately mirroring the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the U.S. ($162,254 per tonne), while Taiwan (Chinese) ($1,255 per tonne) was amongst the lowest. From 2010 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

World’s Largest Suppliers of Lactams from Heterocyclic Compounds

Belgium ($1.7B) remains the largest lactam supplier worldwide, comprising 10% of global exports. The second position in the ranking was occupied by China ($367M), with a 2.2% share of global exports. It was followed by Japan ($303M), with a 1.6% share.

China emerged as the fastest-growing supplier of lactams from heterocyclic compounds over the past decade. From 2010 to 2020, exports from China expanded from $0.1B to $0.4B.

Source: IndexBox Platform

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China Ramped Up Safety Glass Exports Threefold in Past Decade

January 11th, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘World – Safety Glass – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.

China boosted safety glass supplies abroad nearly threefold in the past decade, from $1.3B to $3.0B, topping the global exporter ranking. With an average annual growth rate of +8.5% over the last decade, China emerges as the fastest-growing supplier. Germany held the leading position in global exports until 2010, but now, it remains the largest safety glass importer, along with the U.S. and Vietnam. In 2020, the global safety glass trade reduced by -6% y-o-y to 366M square meters, and China’s supplies accounted for 58% of that volume. In value terms, global trade fell to $9.5B last year, dropping by -10% y-o-y.

Global Safety Glass Exports by Country

Global safety glass exports declined to 366M square meters in 2020, which is down by -6.2% compared with the year before. Total exports indicated noticeable growth from 2010 to 2020: its volume increased at an average annual rate of +4.3% over the last decade.

In value terms, safety glass exports reduced from $10.5B in 2019 to $9.5B (IndexBox estimates) in 2020. The total export value increased at an average annual rate of +1.5% from 2010 to 2020.

China prevails in safety glass export structure, amounting to 214M square meters, which was near 58% of total exports in 2020. Germany (29M square meters) held the second position in the ranking, followed by Poland (19M square meters). All these countries together held approx. 13% share of total exports. The following exporters – Italy (13M square meters), Turkey (11M square meters), France (8.7M square meters), the Czech Republic (8.7M square meters), Belgium (8.3M square meters), Hungary (8M square meters), the Netherlands (6.1M square meters) and Mexico (5.7M square meters) – together made up 19% of total exports.

In value terms, China ($3B) remains the largest safety glass supplier worldwide, comprising 31% of global exports. The second position in the ranking was occupied by Germany ($1B), with a 11% share of global exports. It was followed by Poland, with a 7.6% share.

From 2010 to 2020, the average annual rate of growth in terms of value in China totaled +8.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+0.2% per year) and Poland (+4.3% per year).

The average safety glass export price stood at $26 per square meter in 2020, with a decrease of -3.4% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the Czech Republic ($46 per square meter), while China ($14 per square meter) was amongst the lowest. From 2010 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced mixed trends in the export price figures.

World’s Largest Safety Glass Importers

In 2020, Viet Nam (33M square meters), Germany (31M square meters), the U.S. (30M square meters), South Korea (24M square meters), Thailand (21M square meters), France (17M square meters), Belgium (12M square meters), the Netherlands (10M square meters), Italy (8.9M square meters), the UK (8.3M square meters), Taiwan (Chinese) (7.7M square meters) and Spain (7.1M square meters) was the main importer of safety glass in the world, comprising 65% of total import. Poland (6.4M square meters) followed a long way behind the leaders.

In value terms, the largest safety glass importing markets worldwide were Germany ($1.1B), the U.S. ($955M) and Viet Nam ($738M), together comprising 29% of global imports.

Source: IndexBox Platform

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U.S. to Boost Bread and Bakery Imports to Decade’s Maximum of $7.7B

January 9th, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘U.S. – Bread and Bakery Product – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In Q1-Q3 2021, imports on the U.S. bread and bakery market reached 1.6M tonnes worth $5.6B, which was 13% more in physical terms and 21% higher in value terms than in the same period of the previous year. American imports are expected to surpass a $7.7B annual total, reaching the highest level ever. Mexico, Canada, Italy and India are the most significant bakery suppliers to the U.S. Fresh bread and bakery, followed by sweet biscuits and waffles, constitute the primary imported products.

U.S. Bread and Bakery Imports

In Q1-Q3 2021, the U.S. imported 1.6M tonnes of bread and bakery, a 13%-increase compared to the same period of 2020. In monetary terms, the purchases rose by 21% to $5.6B over that period and are expected to surpass a $7.7B annual total, reaching the highest level ever.

In 2020, bread and bakery imports totaled 1.9M tonnes, increasing by 6.2% against 2019. In value terms, bread and bakery imports rose to $6.4B.

Mexico (734K tonnes), Canada (719K tonnes) and India (52K tonnes) were the leading suppliers of bread and bakery imports to the U.S., together accounting for 78% of total imports. Italy, Germany and France lagged somewhat behind, comprising a further 6.2% (IndexBox estimates).

In value terms, Canada ($3B) constituted the largest supplier of bread and bakery to the U.S., comprising 47% of total imports. The second position in the ranking was occupied by Mexico ($1.4B), with a 21% share of total imports. It was followed by Italy, with a 4.2% share.

U.S. Bread and Bakery Imports by Type

In 2020, fresh bread and miscellaneous bakery (1.2M tonnes) constituted 62% of total imports. Moreover, shipments of fresh bread and miscellaneous bakery exceeded the figures recorded for the second-largest type, sweet biscuits (561K tonnes), twofold. The third position in this ranking was occupied by waffles and wafers (123K tonnes), with a 6.3% share.

Over the past decade, the average annual growth rate of the import volume (in physical terms) of fresh bread and miscellaneous bakery amounted to +8.9%. Regarding the other supplied products, the following average annual growth rates were recorded: sweet biscuits (+8.0% per year) and waffles and wafers (+2.1% per year).

In value terms, fresh bread and miscellaneous bakery ($4.2B) constituted the largest type of bread and bakery supplied to the U.S., comprising 65% of total imports. The second position in the ranking was occupied by sweet biscuits ($1.4B), with a 21% share of total imports. It was followed by waffles and wafers, with a 9.3% share.

Source: IndexBox Platform

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Global Orange Market: Supplies from Spain to Reduce 8% This Year, Export Prices Surge

January 8th, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘Spain – Oranges – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Throughout January-September 2021, Spain exported 1.09M tonnes of oranges, which was -8% less than in the same period last year. In value terms, the supplies abroad rose by +1% to $1.04B due to increasing prices. This year, the average export price for Spanish oranges grew steadily from $0.9 per kg in January to $1.3 per kg in September. Spain remains the leading supplier worldwide, accounting for 26% of global export volume. Germany, France and Italy are the major importers of Spanish oranges.

Spain’s Orange Exports by Country

From January to September 2021, Spain’s orange exports totaled 1.09M tonnes, reducing by -8% compared to the same period in 2020. This trend will shape a noticeable annual reduction if it persists through the year-end. In monetary terms, the supplies abroad reached $1.04B, a 1%-increase compared to the previous year’s figures. Over this year, the average export price grew from $0.9 per kg in January to $1.3 per kg in September.

In 2020, the amount of oranges exported from Spain declined to 1.6M tonnes, waning by -6.7% against 2019. In value terms, the supplies surged to $1.4B (IndexBox estimates).

Germany (448K tonnes), France (380K tonnes) and Italy (128K tonnes) were the main destinations of orange exports from Spain, with a combined 58% share of total exports. These countries were followed by the Netherlands, the UK, Poland, Belgium, Sweden, Switzerland and Portugal, which together accounted for a further 27%.

The most notable growth rate in shipments, amongst the leading countries of destination, was attained by Portugal (+11.6% y-o-y), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for orange exported from Spain were Germany ($382M), France ($360M) and Italy ($111M), with a combined 59% share of total exports. The Netherlands, the UK, Poland, Belgium, Switzerland, Sweden and Portugal lagged somewhat behind, together comprising a further 25%.

In 2020, the average orange export price amounted to $883 per tonne, increasing by 25% against the previous year. There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Switzerland ($1,020 per tonne), while the average price for exports to Portugal ($586 per tonne) was amongst the lowest. Over the last year, the most notable growth rate in terms of prices was recorded for supplies to Portugal, while the prices for the other significant destinations experienced more modest paces of growth.

Source: IndexBox Platform

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China’s Chandelier Exports Hit Record High of $9.9B

January 7th, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘China – Chandeliers – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Last year, China’s chandelier exports jumped by +12% y-o-y to $9.9B, reaching the highest point ever. China’s share in the global chandelier exports is estimated at 74%. The U.S., followed by Germany and Canada, remains the largest chandelier importer, accounting for 31% of China’s export volume. The supplies to the U.S. and Canada soared, while shipments to Germany decreased slightly last year. The average chandelier export price rose by +16% y-o-y to $13 per unit in 2020.

China’s Chandelier Exports

In 2020, approx. 747M units of chandeliers were exported from China, decreasing by -3.5% against the previous year. In value terms, chandelier exports expanded rapidly by +11.9% y-o-y to $9.9B (IndexBox estimates) in 2020.

The U.S. (230M units) was the leading destination for chandelier exports from China, with a 31% share of total exports. Moreover, chandelier exports to the U.S. exceeded the volume sent to the second major destination, Germany (35M units), sevenfold. Canada (30M units) ranked third in terms of total exports with a 4% share.

In value terms, the U.S. ($2.5B) remains the key foreign market for chandelier exports from China, comprising 25% of total exports. The second position in the ranking was occupied by Germany ($502M), with a 5.1% share of total exports, and it was followed by Canada, with a 4.6% share.

In 2020, the supplies to the U.S. rose by +22.6% y-o-y. Exports to Germany dropped by -2.0% y-o-y, while shipments to Canada increased by +11.5% y-o-y.

The average chandelier export price stood at $13 per unit in 2020, increasing by +16% against the previous year. There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the Netherlands ($19 per unit), while the average price for exports to Brazil ($10 per unit) was amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Russia, while the prices for the other significant destinations experienced more modest paces of growth.

Source: IndexBox Platform

Vietnam Strengthens Position in American Plastic Shutter and Blind Imports

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