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

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Aluminum Prices Spike Up 62% and Will Continue Rallying in 2022

January 6th, 2022 IndexBox Leave a comment

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

Throughout this year, global aluminum prices continuously grew and gained 62% in October 2021 compared to the same period of 2020. China’s output has decreased due to restrictions on energy usage and halted production at a 300K-ton capacity factory in Yunnan province. Consequently, the average yearly price in 2022 is projected to rise by 6% y-o-y. Despite rising prices, the U.S., the world´s largest aluminum importer, expanded its purchases by 4.5% against 2020.

Key Trends and Insights

According to the World Bank data, the average aluminum price grew from $2004 per tonne in January 2021 to $2934 per tonne in October 2021, a 62% increase from the previous October ($1806 per tonne). Next year, aluminum prices are forecast to rise by 6% y-o-y because of a high demand from the automotive industry, increased prices of energy resources and a supply shortage arising from China diminishing production to decrease СО2 emissions.

As China limits the output, it must expand imports. From January through July 2021, China purchased 1.5M tonnes of aluminum from abroad which was 52% more than the same period in 2020. In monetary terms, throughout seven months, imports surpassed $3.3B, over twice the amount during the same period in 2020 ($1.6B). In November 2021, an explosion occurred at an aluminum factory in Yunnan province. This caused a complete stop in production for the 300K-ton-capacity factory and further exacerbated the supply shortage on the market.

The U.S. is the world’s largest importer of aluminum, and it also increased purchases this year. From January through September 2021, the U.S. imported 2.9M tonnes of the metal, a 4.5% gain in volume of shipments from the same period in 2020. In monetary terms, imports grew by 47%, reaching $7.8B.

Aluminum Exports by Country

Last year, aluminum exports worldwide reached 24M tonnes, flattening from the previous year. The total export volume increased at an average annual rate of +1.5% over the past decade. In value terms, aluminum exports declined from $47.9B in 2019 to $44.7B (IndexBox estimates) in 2020.

The most significant shipments were from Canada (2.9M tonnes), Russia (2.7M tonnes), the United Arab Emirates (2.2M tonnes), India (2.1M tonnes), Malaysia (1.5M tonnes), Australia (1.4M tonnes), Norway (1.1M tonnes), Bahrain (0.8M tonnes), the Netherlands (0.7M tonnes), South Africa (0.6M tonnes), China (0.6M tonnes) and Mozambique (0.5M tonnes), together accounting for 70% of total export. Germany (488K tonnes) followed a long way behind the leaders.

In value terms, Canada ($5.5B), the United Arab Emirates ($4.3B) and Russia ($4.2B) constituted the countries with the highest levels of exports in 2020, together accounting for 31% of global exports. These countries were followed by India, Malaysia, Norway, Australia, Bahrain, the Netherlands, China, South Africa, Germany and Mozambique, which together accounted for a further 41%.

In 2020, the average aluminum export price amounted to $1,847 per tonne, shrinking by -7.5% 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 Norway ($2,367 per tonne), while Russia ($1,568 per tonne) was amongst the lowest.

Source: IndexBox Platform

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Urea Prices Spike by 46% in October Following Natural Gas Cost

January 6th, 2022 IndexBox Leave a comment

Urea price soared by +46% in October 2021, reaching $612.5 per tonne, according to the latest World Bank’s data. The spike was caused by a sharp slump in the world’s production, as many producers have suspended manufacturing owing to skyrocketing natural gas prices and energy resource shortages. Russia, China and Egypt remain the key urea suppliers, while India, Brazil and the U.S. lead the world import ranking.

Global Urea Price Trend

According to World Bank’s data, from September 2021 to October 2021, the global urea price jumped from $418.75 per tonne to $612.5 per tonne. Since the beginning of this year, the global price increased more than twofold, from $265 per tonne in January to $612.5 per tonne in October. In 2020, the global average urea price estimated at $229.1 per tonne. The rapidly growing cost of energy resources, primarily natural gas, has not only led to a rise in urea cost but has also resulted in the work suspension of fertilizer manufacturing plants around the world.

Global Urea Exports by Country

Global urea exports fell to 48M tonnes in 2020, declining by -2.9% y-o-y. In value terms, urea exports dropped from $14.5B in 2019 to $12.7B in 2020.

Russia (7.3M tonnes) and China (5.5M tonnes) represented the key exporters of urea in 2020, recording approx. 24% and 18% of total exports, respectively. It was distantly followed by Egypt (3.1M tonnes), Indonesia (2.4M tonnes), Malaysia (2.1M tonnes) and Ukraine (1.5M tonnes), together creating a 30% share of total exports. The following exporters – Poland (1.3M tonnes), the Netherlands (1.3M tonnes), Germany (1.2M tonnes), Canada (0.8M tonnes) and the U.S. (0.8M tonnes) – together made up a further 18% of the total exports.

Over the last year, urea exports from Russia and China rose by +4.5% y-o-y and +10.2% y-o-y, respectively, while the supplies from Egypt dropped by -29%.

In value terms, Russia ($1.5B), China ($1.4B) and Egypt ($891M) constituted the countries with the highest levels of exports in 2020, with a combined 51% share of global exports.

World’s Leading Urea Importers

In 2020, India (11M tonnes), distantly followed by Brazil (7.1M tonnes), the U.S. (4.5M tonnes), Turkey (2.5M tonnes), Australia (2.4M tonnes) and Thailand (2.4M tonnes) represented the major importers of urea, together committing 63% of total imports. Mexico (1.4M tonnes), France (1.4M tonnes), Argentina (1.1M tonnes), Spain (0.9M tonnes), Italy (0.9M tonnes), the U.K. (0.9M tonnes), and South Korea (0.8M tonnes) followed a long way behind the leaders.

In value terms, the largest urea importing markets worldwide were India ($2.9B), Brazil ($1.9B) and the U.S. ($1.2B), with a combined 47% share of global imports.

Source: IndexBox Platform

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India Emerges as Fastest-Growing Syringe Exporter Worldwide

January 4th, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘World – Syringes, With Or Without Needles – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The Covid-19 pandemic intensified the global trade in syringes and enabled India to become the fastest-growing exporter with the lowest syringe prices in 2020. Over the last year, Indian supplies abroad spiked from $32М to $40M. Global syringe exports also followed an upward trend, rising by +4.4% y-o-y to $5.7B. While India robustly ramps up supplies, the U.S. ($872M), China ($766M) and France ($693M) remain the world’s largest exporters, providing 41% of total exports.

Syringe Exports by Country

In 2020, global exports of syringes amounted to 52B units, growing by 4.9% compared with 2019 figures. In value terms, exports expanded by +4.4% y-o-y to $5.7B (IndexBox estimates) in 2020.

Among the major exporting countries, India recorded the highest export growth rate over the last year. The number of supplied syringes rose from 986M to 1.3B units, increasing from $32М to $40M in monetary terms.

While India rapidly increases exports, China keeps holding the leading supplier position, with the volume of exports amounting to 18B units, which was near 36% of total exports in 2020. Germany (5.8B units) ranks second in terms of total exports with an 11% share, followed by the U.S. (7.9%), France (6.8%) and Spain (5.9%).

In value terms, the largest syringe supplying countries worldwide were the U.S. ($872M), China ($766M) and France ($693M), with a combined 41% share of global exports. These countries were followed by Germany, Switzerland, Belgium, the Netherlands, Italy, Mexico, the UK, Spain, Ireland and India, which accounted for a further 42%.

In 2020, the average syringe export price amounted to $109,7 per thousand units, remaining constant 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 Netherlands ($328 per thousand units), while India ($32 per thousand units) was amongst the lowest. In 2020, the Netherlands attained the most notable rate of growth in terms of prices, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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U.S. Butter Prices Soar 40% y/y on Labour Shortage and Rising Packaging Costs

January 3rd, 2022 IndexBox Leave a comment

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

The average price for Grade AA butter in the U.S. amounted to $2.02 per pound on December 11, 2021, increasing by 40% from the same period last year. Reducing milk cow herd, labour shortage, and the rising packaging materials costs constrain production growth, leading to insufficient supply in the market that results in the butter price surge. Demand for butter typically picks in Q4, when Americans consume more holiday cookies and other traditional dishes. In December, butter prices picked up 3.7% compared to the figures a month earlier.

According to recent USDA data, prices for Grade AA butter averaged $2.02 per pound for the week ending December 11, 2021, a 40%-increase compared to December 2020. The main reason for that spike was the insufficient supply owing to the reducing milk cow herd and the labour shortage. Over January-October 2021, total butter production reduced by 11% to 1.6M lb against the figures of the same period last year. The rising cost of packaging materials also contributes to higher butter prices. Over the past month, butter prices rose 3.7%, driven by strong seasonal demand. The current challenges are expected to persist in the following year, and butter prices will climb further.

US Butter Imports in 2020

Last year, approx. 33K tonnes of butter were imported into the U.S., waning by -23.9% against 2019. In value terms, the purchases declined to $277M (IndexBox estimates).

Ireland (25K tonnes) constituted the largest butter supplier to the U.S., accounting for a 77% share of total volume. Moreover, butter imports from Ireland exceeded the figures recorded by the second-largest supplier, New Zealand (3.1K tonnes), eightfold. The third position in this ranking was occupied by France (1.4K tonnes), with a 4.1% share.

In value terms, Ireland ($222M) constituted the largest butter supplier to the U.S., comprising 80% of total imports. The second position in the ranking was occupied by New Zealand ($19M), with a 7% share of total imports. It was followed by France, with a 4.8% share.

In 2020, the average annual growth rate of value from Ireland stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-18.6% per year) and France (-8.2% per year).

Source: IndexBox Platform

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Brazilian and American Suppliers Enjoy Skyrocketed China’s Meat Imports

January 2nd, 2022 IndexBox Leave a comment

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

China’s meat imports soared from $14.7B in 2019 to $23.8B in 2020. In physical terms, the purchases skyrocketed from 4.1M tonnes to 6.8M tonnes. China’s meat imports continue to grow, increasing by +3% over the first seven months of 2021 against the same period of the previous year. Brazil, Spain and the U.S. became the leading meat suppliers to China and recorded the highest export growth rate among other countries. Pork, beef and sheep meat are the main types of meat supplied into China. Last year, China’s purchases of pork spiked twofold. Imports of beef increased by +26% y-o-y, while lamb and sheep meat supplies fell by -7% y-o-y.

China’s Meat Imports by Country

Meat imports into China soared to 6.8M tonnes in 2020, picking up by 67% from the previous year. In value terms, meat imports skyrocketed to $23.8B (IndexBox estimates) in 2020, increasing by +67.0% y-o-y.

In the first seven months of 2021, China’s meat imports continued to follow an upward trend, picking up +3% in physical terms from the same period in 2020.

Brazil (1.3M tonnes), Spain (934K tonnes), and the U.S. (724K tonnes) were the leading suppliers of meat imports to China, with a combined 44% share of total imports.

Over the past year, meat imports from the U.S. rose from 0.3M tonnes to 0.7M tonnes. Purchases from Brazil boosted from 0.6M tonnes to 1.3M tonnes, while imports from Spain grew from 0.4M tonnes to 0.9M tonnes.

In value terms, Brazil ($5.7B) constituted the largest supplier of meat to China, comprising 24% of total imports. The second position in the ranking was occupied by Spain ($2.7B), with an 11% share of total imports. It was followed by Australia, with a 9.1% share.

The average meat import price stood at $3,503 per tonne in 2020, decreasing by -2.6% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was Australia ($5,371 per tonne), while the price for imports from Canada ($2,494 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other significant suppliers experienced more modest paces of growth.

China’s Meat Imports by Type

In 2020, pork (4.3M tonnes) constituted the most significant type of meat supplied to China, accounting for 63% of total imports. Moreover, pork imports exceeded the figures recorded for the second-largest type, beef (2.1M tonnes), twofold. The third position in this ranking was occupied by lamb and sheep meat (365K tonnes), with a 5.4% share.

In 2020, the volume of pork imports grew twofold, while beef purchases rose by +27.6% y-o-y. Imports of lamb and sheep meat dropped by -7.0% y-o-y.

In value terms, pork ($11.9B), beef ($10.2B) and lamb and sheep meat ($1.7B) appeared to be the most imported types of meat in China, together accounting for nearly 100% of total imports.

Source: IndexBox Platform

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U.S. Vegetable Imports Will Peak at 9.3M Tonnes in 2022

December 31st, 2021 IndexBox Leave a comment

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

The volume of imports in the U.S. fresh vegetable market is forecast to increase from 8.9M tonnes in 2021 to 9.3M tonnes in 2022. In monetary terms, imports should decrease from $10.5B to $10.3B with an expected price decline. Throughout January-October 2021, American purchases totalled 6.9M tonnes, which was 5.5% more than in the same period last year. Mexico, Canada and Peru remain the key suppliers for the U.S., accounting for 95% of its total import volume.

U.S. Vegetable Imports

From January to October 2021, the U.S. imported 6.9M tonnes of fresh vegetables, a 5.5%-increase compared to the same period last year. According to a recent USDA forecast, American purchases are set to keep growing from approximately 8.91M tonnes by the end of this year to 9.3M tonnes in 2022. The average import prices are forecast to decrease, and the total value of supplies into the U.S. to fall by 2% y-o-y to $10.3B next year.

Last year, the amount of vegetables imported into the U.S. totaled 8.1M tonnes, growing by 2.7% compared with the year before. In value terms, vegetable imports reached $10.4B (IndexBox estimates).

In 2020, Mexico (6.1M tonnes) constituted the largest vegetable supplier to the U.S., with a 75% share of total imports. Moreover, vegetable imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (1.4M tonnes), fourfold.

Over the past year, the growth rate of volume from Mexico amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+7.0% per year) and Peru (-4.7% per year).

In value terms, Mexico ($7.3B) constituted the largest supplier of vegetables to the U.S., comprising 70% of total imports. The second position in the ranking was occupied by Canada ($1.9B), with an 18% share of total imports.

The average vegetable import price stood at $1,294 per tonne in 2020, increasing by 8.6% against the previous year. Average prices varied somewhat amongst the major supplying countries. The country with the highest price was Peru ($1,759 per tonne), while the price for Mexico ($1,206 per tonne) was amongst the lowest. The most notable rate of growth in terms of prices was attained by Mexico, while the prices for the other significant suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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Global Groundnut Oil Trade Intensifies on Booming China’s Demand

December 31st, 2021 IndexBox Leave a comment

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

Global groundnut oil imports reached $671M in 2020. In physical terms, global imports spiked by +15% y-o-y to 444K tonnes in 2020, mainly due to rising demand from China. China represents the world’s largest importer of groundnut oil, with a 61%-share of global import volume. In 2020, China’s groundnut oil imports jumped from $225M to $433M. Brazil and Argentina remain the key exporters of groundnut oil.

Global Groundnut Oil Imports

Global groundnut oil imports rose significantly to 444K tonnes in 2020, surging by +15% against the previous year’s figure. Over the period under review, total imports indicated a noticeable increase from 2010 to 2020: its volume increased at an average annual rate of +4.9% over the last decade.

In value terms, groundnut oil imports skyrocketed to $671M (IndexBox estimates) in 2020. In general, total imports indicated a buoyant expansion from 2010 to 2020: its value increased at an average annual rate of +4.9% over the last decade.

China dominates groundnut oil imports with a figure of 269K tonnes, which was approx. 61% of total imports in 2020. Afghanistan (43K tonnes) occupied the second position in the ranking, followed by Italy (39K tonnes). All these countries together took approx. 19% share of total imports. The following importers – the Netherlands (15K tonnes), Hong Kong SAR (15K tonnes), Belgium (11K tonnes), Benin (10K tonnes) and France (8.1K tonnes) – together made up 13% of the total imports.

In value terms, China ($433M) constitutes the largest market for imported groundnut oil worldwide, comprising 65% of global imports. The second position in the ranking was occupied by Italy ($66M), with a 9.8% share of global imports. It was followed by Hong Kong SAR, with a 4.6% share.

In 2020, China’s imports of groundnut oil spiked from $225M to $433M. From 2010 to 2020, groundnut oil imports into China grew from $87M to $433M, rising at an average annual rate of +17.4%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+2.6% per year) and Hong Kong SAR (+2.3% per year).

In 2020, the average import price amounted to $1,509 per tonne, picking up by +30% against the previous year. In general, the import price indicated modest growth from 2010 to 2020, increasing at an average annual rate of +1.2% over the last decade.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR, while Benin was amongst the lowest. In 2020, the Netherlands attained the most notable rate of growth in terms of prices, while the other global leaders experienced more modest paces of growth.

World’s Largest Exporters of Groundnut Oil

In 2020, Brazil (67K tonnes) and Argentina (56K tonnes) represented the key exporters of groundnut oil worldwide, reaching nearly 48% of total exports. India (36K tonnes) took a 14% share (based on tonnes) of total exports, which put it in second place, followed by Iraq (10%), Nicaragua (6.5%) and China (4.9%). Senegal (8.5K tonnes) followed a long way behind the leaders.

In value terms, Brazil ($112M), Argentina ($79M) and India ($59M) constituted the countries with the highest levels of exports in 2020, with a combined 63% share of global exports. These countries were followed by China, Nicaragua, Iraq and Senegal, which together accounted for a further 20%.

Source: IndexBox Platform

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Turkey’s Marble and Travertine Exports Slump as China and India Reduce Purchases

December 30th, 2021 IndexBox Leave a comment

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

Turkey’s marble and travertine exports fell from $865M in 2019 to $663M in 2020. In physical terms, exports shrank by -23% y-o-y to 3.5M tonnes. China and India, the key importers of marble and travertine from Turkey, rapidly decreased the volume of purchases by -22% y-o-y and 28% y-o-y, respectively. The supplies to China comprise 76% of Turkish exports of marble and travertine.

Turkey’s Marble and Travertine Exports

In 2020, marble and travertine exports from Turkey declined rapidly to 3.5M tonnes, reducing by -22.7% against the year before. In value terms, marble and travertine exports dropped from $865M in 2019 to $663M (IndexBox estimates) in 2020.

China (2.6M tonnes) was the leading destination for marble and travertine exports from Turkey, with a 76% share of total exports. Moreover, marble and travertine exports to China exceeded the volume sent to the second major destination, India (341K tonnes), eightfold.

In 2020, Turkish supplies to China fell by -21.8% y-o-y. Exports to India and Egypt dropped by -28.1% y-o-y and -9.6% y-o-y, respectively.

In value terms, China ($538M) remains the key foreign market for marble and travertine exports from Turkey, comprising 81% of total exports. The second position in the ranking was occupied by India ($60M), with a 9% share of total exports.

In 2020, the average marble and travertine export price amounted to $191 per tonne, remaining relatively unchanged against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was China ($203 per tonne), while the average price for exports to Egypt ($76 per tonne) was amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Egypt, while the prices for the other significant destinations experienced a decline.

Source: IndexBox Platform

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

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