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Strong Suburban Housing and Furniture Sales Propel the American Reconstituted Wood Product Market

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Strong Suburban Housing and Furniture Sales Propel the American Reconstituted Wood Product Market

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

The U.S. reconstituted wood product market is estimated at approx. $12B, shaped by the performance of the construction and furniture industries. As a result of the lockdown, in February-April 2020, there was a sharp drop in wooden furniture imports and production. Over May-June 2020, production and imports recovered and continued to grow. According to preliminary data, both the American construction industry and the furniture market saw an upturn by the end of 2020.

Single-family construction is the fastest-growing segment, especially in suburbs and rural communities, according to the National Association of Home Builders. This reflects the pandemic-related shifts in remote work and social isolation, as well as changing the accommodation to more affordable suburban areas.

Record growth of housing sales boosted reconstituted wood product market growth in 2020. New construction and the need to equip home offices have spurred demand for furniture. This is also true for those who did not buy new homes. People began to work more remotely and pay more attention to their homes, which led to a wave of interior and furniture updates.

Is the American Reconstituted Wood Product Market Independent From Imports?

Reconstituted wood product imports amount to near $2.5B (IndexBox estimates), comprising near 20% of the market. The U.S. features a strong wood material industry, however, room for Canadian products still exists, which is expected to continue in the medium term.

Canada ($1.6B) constituted the largest supplier of reconstituted wood products to the U.S., comprising 66% of total imports. The second position in the ranking was occupied by Chile ($219M), with an 8.8% share of total imports. It was followed by Germany, with a 6.6% share.

What is the Market Prospect Over the Next Decade?

Strong demand for housing, boosted by low interest rates and a shift to more affordable suburban single-family homes, promotes the related downstream industries. In the medium term, subject to maintaining macroeconomic stability, the growth of the housing market is expected to continue, which is to drive the reconstituted wood product market. Should the pandemic wane in 2021, the market is to continue measured growth. Driven by the above-mentioned fundamentals, it is expected to reach $14B by 2030.

What Are Major Players in the American Reconstituted Wood Product Market?

Louisiana-Pacific Corporation, Huber Engineered Woods, Polyglass U.S.A., Dominance Industries, Fiberesin Industries, Forest Hambro Products, Norbord Mississippi, Advanced Environmental Recycling Technologies, Clarion Boards, Craftmaster Manufacturing, RTS Packaging, Building Materials Corporation of America, Del-Tin Fiber, Norbord Georgia, Norbord Georgia, Industrial Timber, Martco, Norbord Texas Limited Partnership, Bmca Holdings Corporation, RLC Industries Co., Aconcagua Timber Corp., US Test Company 210, Plum Creek Mdf, Norbord Texas, Panolam Industries International, Collins Timber Company, Morehouse Bioenergy

Source: IndexBox AI Platform

Polystyrene
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The Green Deal’s “Renovation Wave” is Set to Increase Demand for Cellular Polystyrene Sheets

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IndexBox has just published a new report: ‘EU – Cellular Plates, Sheets and Films of Polymers of Styrene – Market Analysis, Forecast, Size, Trends, and Insights’. Here is a summary of the report’s key findings.

Cellular plates, sheets, and films of polymers of styrene are mainly used in construction as thermal insulation materials. The development of this market directly depends on the construction industry and the situation in the economy as a whole.

The EU market for cellular plates, sheets, and films of polymers of styrene is estimated at $3.7B, according to IndexBox data. The market value increased at an average annual rate of +1.3% over the last decade. In physical terms, it amounted to approx. 1.3M tonnes.

The countries with the highest volumes of consumption of cellular plates, sheets, and films of polymers of styrene in 2019 were Poland (273K tonnes), Germany (257K tonnes), and the Netherlands (128K tonnes), together accounting for 52% of total consumption. Austria, France, Italy, Spain, Romania, the UK, the Czech Republic, Sweden, Finland, and Lithuania lagged somewhat behind, together accounting for a further 36% (IndexBox estimates).

In value terms, Germany ($883M), Poland ($683M), and France ($320M) constituted the countries with the highest levels of market value in 2019, together accounting for 51% of the total market. These countries were followed by Austria, the Netherlands, the UK, Spain, Italy, the Czech Republic, Romania, Sweden, Finland, and Lithuania, which together accounted for a further 38%.

The countries with the highest levels of polystyrene cellular plates, sheets, and films per capita consumption in 2019 were Lithuania (9.89 kg per person), Austria (9.43 kg per person), and the Netherlands (7.44 kg per person).

The pandemic has made a significant impact on the construction industry. The key issues faced by enterprises include a lack of capital investments amid the extreme uncertainty and disruptions in the supply chains. Disposable incomes also decreased, making mortgage loans less affordable. Moreover, to contain the spread of COVID-19, construction work in many countries has been suspended for a while. A sharp decrease in the number of facilities under construction led to a drop in demand for building materials, including polystyrene sheets.

The impact of the crisis caused by the COVID-19 pandemic is expected to be rather short-term. According to Euroconstruct’s estimates, the construction volume in Europe is expected to plummet by more than 7% in 2020, but the growth is expected to resume in 2021. This, however, subjects to a substantial risk of the second and possible subsequent waves of the pandemic.

The recovery of the construction industry is feasible along with the post-pandemic growth of the European economy as a whole. After the lifting of restrictive measures, many industries try to bounce back from the shocks, which should contribute to a faster recovery of the economy.

Furthermore, in 2019, the European Commission adopted the European “Green Deal” action plan, the main goal of which is to achieve zero greenhouse gas emissions into the atmosphere and zero total environmental pollution. According to the European Commission, buildings account for 40% of the energy consumed, thereby making it an important issue to improve their power consumption efficiency.

To address this issue, within the “Green Deal” agenda, the “Renovation Wave” plan was announced, with a strategic aim to double the volume of building renovations to reduce overall energy consumption. Particular attention will be paid to the renovation of social housings, which should also contribute to saving household expenses. New building designs should be energy efficient, therefore, the main emphasis will be placed on more effective climatic protection of buildings. By 2050, it is planned to renovate up to 85-95% of facilities in the European Union, which will require the intensive use of thermal insulation materials.

While the economic recovery from the pandemic could take several years, the renovation plan will provide the additional incentive that could accelerate the recovery of the construction sector and support demand for cellular plates and other insulation materials. Driven by increasing demand for polystyrene cellular plates, sheets, and films in the European Union, the market is expected to continue an upward consumption trend over the next decade. Given this background, the market performance is forecast to expand with an anticipated CAGR of +1.2% for the period from 2019 to 2030, which is projected to bring the market volume to 1.4M tones by the end of 2030.

Source: IndexBox AI Platform

ammonia
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The Low-Carbon Agenda and the Rising Demand for Innovative Fuels to Drive the Global Ammonia Market

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

Ammonia constitutes one of the world’s basic chemical products widely important for its use as a raw material for the production of mineral fertilizers, nitric acid, explosives, and polymers. Agricultural fertilizers account for near 80% of the world’s ammonia use.

Due to the continuous growth of the world’s population and a stable increase in world GDP, the need for crop-based foods and animal feed is rising, which is a key fundamental factor in the growth of demand for ammonia.

The global ammonia market stood at  $90.7B, according to IndexBox estimates. Global consumption peaked at $100.7B in 2013; however, from 2014 to 2019, consumption remained at a lower figure. In physical terms, global ammonia consumption was estimated at approximately 182M tonnes in 2019, declining slightly against the previous year.

In early 2020, the global economy entered a period of the crisis caused by the outbreak of the COVID-19 pandemic. The quarantine measures that put on halt production and transport activity disrupted economic growth heavily throughout the world. According to World Bank forecasts, despite the gradual relaxing of restrictive measures and unprecedented government support in countries that faced the pandemic in early 2020, the annual decline of global GDP could amount to -4.3%, which is the deepest global recession being seen over the past eight decades.

However, the ammonia market remains relatively resilient to the pandemic. In the second quarter of 2020, there was a slight drop in demand from mineral fertilizer producers due to the introduced isolation regime and a shortage of labor, many regions missed handling the spring sowing season. After the lifting of restrictive measures, the demand for ammonia recovered, and companies adapted to new conditions of supply chains and sales channels.

China (48M tonnes) remains the largest ammonia-consuming country worldwide, accounting for 27% of the total volume. Moreover, ammonia consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (21M tonnes), twofold. India (19M tonnes) ranked third in terms of total consumption with a 10% share.

In China, ammonia consumption contracted by an average annual rate of -2.4% over the period from 2012-2019. The remaining consuming countries recorded the following average annual rates of consumption growth: the U.S. (+2.7% per year) and India (+2.6% per year).

In value terms, China ($33.4B) led the market, alone. The second position in the ranking was occupied by India ($12.1B). It was followed by the U.S.

With the pandemic’s impact, it is expected that in 2020, global consumption of ammonia should remain nearly unchanged against 2019. In the medium term, as the global economy gets back to work, the market will start recovering, driven by major fundamentals that existed before the crisis. Overall, market performance is forecast to pursue a positive trend over the next decade, expanding with an anticipated CAGR of +0.4% for the period from 2019 to 2030, which is projected to bring the market volume to 191 M tonnes by the end of 2030 (IndexBox estimates).

New areas of industrial use of ammonia are emerging, which are becoming increasingly relevant in the context of increased attention to environmental protection and reduction of greenhouse gas emissions. Standard industrial synthesis of ammonia from nitrogen and hydrogen from methane produces more carbon dioxide than many other chemical industries. The largest producers are developing the production of “green ammonia” and positioning it as a more environmentally friendly product in comparison with conventional ammonia.

Another promising opportunity for the use of ammonia is its use as a carbon-free fuel. Compared to hydrogen, ammonia has the advantage of being easier to transport and store because a large amount of energy could be stored in smaller volumes of a substance.

Given this background, Japan is considering replacing coal fuel for power plants with ammonia, and it is also emerging as a marine fuel. Ammonia as an energy source complies with the new IMO 2020 requirements that limit the sulfur content in bunker fuel and will reduce CO2 emissions to target environmental indicators.

Increased attention to the regulation of carbon emissions in the EU and large-scale measures under the Green Deal action plan, as well as the return of the United States to the Paris Climate Agreement, should contribute to the search for alternative fuels, including ammonia, and transforming energy markets. If promising technologies of ammonia fuel become widespread in the industry, the growth of production of low-carbon fuel may become a new driver of the world ammonia market in the medium and long term.

The changes in the ‘green’ legislation could potentially lead to market transformations in the energy sector. In connection with the announcement by the European Union of plans to introduce a cross-border carbon tax, many countries that do not produce “green” ammonia may lose their positions in the European sales market. In the medium term, this situation will force producers to restructure their processes towards obtaining “green” ammonia and may lead to significant shifts in the structure of the global ammonia value chain.

Source: IndexBox AI Platform

Plastic Packaging Market
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The European Plastic Packaging Market Overcomes the Pandemic and Prepares to Face the New Green Regulation

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

According to the latest statistics from Eurostat, the dynamics of plastic packaging production in 2020 practically mirrored that of 2019. Despite the decrease in the output of plastic packaging in April-June 2020 by about 8% compared to March and its subsequent recovery, these fluctuations fit into the ‘normal’ seasonal trend, typical for both 2019 and 2020. The average annual production in 2020 was also approximately equal to the volume of 2019. Consequently, the plastic packaging market remains resilient to the crisis caused by the pandemic.

The EU plastic packaging market totals $31B (IndexBox estimates). The largest plastic packaging markets in the European Union include Germany ($4.8B), France ($4.7B) and the UK ($4.2B), together accounting for 44% of the total market. These countries were followed by Spain, Italy, Poland, the Netherlands, Belgium, Sweden, Denmark, the Czech Republic, Greece and Romania, which together accounted for a further 46%

Limitations in the HoReCa segment have led to changes in sales channels since individual retail packaging has become more in demand than bulk packaging. During the pandemic, attention to hygiene and safety has increased, which has contributed to the continued popularity of plastic individual packaging because it is easy to wash and disinfect.

During the period of isolation, most shops, cafes and restaurants began to expand take-out and home delivery services. The surge in contactless shopping has led to an increase in the consumption of plastic packagings like plastic bags and containers. As consumers are more likely to cook and snack at home, plastic packaging manufacturers could also extend their product ranges with containers of various types and dimensions, including family and single-person boxes convenient for different scenarios of eating, in an effort to hold the market.

According to the New European Green Deal, by 2030, absolutely all plastic packaging consumed in the EU must be recyclable or recyclable. Tighter waste controls could push the plastic packaging market to transform supply chains. Manufacturers will be forced to switch to making plastic packaging suitable for multiple reuse and subsequent recycling, while the production of non-recyclable types of packaging should decrease in the future.

Another problem is a large amount of carbon dioxide emitted into the atmosphere during the process of recycling plastic packaging. The European Green Deal aims to reduce greenhouse gas emissions by at least 55% by 2030, therefore, European plastic packaging manufacturers will be forced to use carbon capture technologies in their plants, or look for other ways to reduce carbon footprint, which could lead to higher costs of plastic packaging.

Taking into account the development of plastic recycling, any radical abandonment of plastic packaging is currently not expected. Plastic containers feature a relatively low cost due to low prices for hydrocarbons, light weight, and suitability for disinfection and washing. The exit from the pandemic may take a long time due to the threat of the second and subsequent waves, therefore, the need for food delivery and for home and retail packaging is expected to continue.

Source: IndexBox AI Platform

mollusc
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While the European Mollusc Market Struggles with the Pandemic, Brexit Emerges Another Serious Threat to the UK’s Producers

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IndexBox has just published a new report: ‘EU – Molluscs (Scallops, Mussels, Cuttle Fish, Squid, and Octopus) – Market Analysis, Forecast, Size, Trends, and Insights’. Here is a summary of the report’s key findings.

Molluscs are one of the best-known types of seafood in the EU. These include scallops, mussels, cuttlefish, squid, and octopus, etc. The market is well established and characterized by a high rate of per capita consumption in comparison with other regions. Molluscs are traditionally used in Mediterranean cuisine, they can be consumed on their own or as an ingredient in traditional dishes. Since molluscs have been a well-known and popular product for a long time, their consumption is mainly determined by the population size and the dynamics of disposable incomes.

In 2019, the EU molluscs market amounted to $3.6B (IndexBox estimates). The market value increased at an average annual rate of +2.1% from 2012 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $3.8B in 2018 and then fell modestly in the following year. In 2019, molluscs consumption totaled 674K tonnes, flattening at 2018 figure.

The countries with the highest volumes of molluscs consumption in 2019 were Spain (309K tonnes), Italy (176K tonnes), and Portugal (41K tonnes), together accounting for 78% of total consumption. France, Greece, Germany and the UK lagged somewhat behind, together comprising a further 14%. In value terms, the largest mollusks markets in the European Union were Spain ($1.5B), Italy ($1B), and France ($280M), with a combined 77% share of the total market. The countries with the highest levels of molluscs per capita consumption in 2019 were Spain (6.61 kg per person), Portugal (4 kg per person) and Italy (3 kg per person).

Since the beginning of 2020, due to restrictive measures against the spread of the COVID-19 pandemic, the market has been facing significant challenges related to the destruction of the usual sales channels and disruptions in the supply chains. The HoReCa sector was almost completely paralyzed for several months, which significantly reduced the demand for molluscs and other types of seafood. However, retail sales did not decline as much as in-store food demand increased as consumers cook more at home and buy more products suitable for long storage. Another threat came from the possible disruption of molluscs supply chains due to the lower transport activity and quarantine restrictions.

The mollusc market is expected to contract over 2020 amid a marked drop in demand from the HoReCa sector, and will resume weak growth in 2021 as the HoReCa and tourism sectors find their ‘new normality’. In the medium term, the market is expected to grow moderately with a CAGR of +1.0% between 2020 and 2030, which is projected to bring the market to 703K tonnes by the end of 2030. However, these expectations are vulnerable to a risk of intensifying the second wave of the pandemic.

Brexit poses another significant threat to the mollusc market, a problem even more serious for the UK itself than for the EU. After Brexit, the rules for third countries apply to the UK from 2021, and therefore the vast majority of mollusc sales are no longer legal since the EU cannot import mollusc from Class B waters.

Before Brexit, the UK was the third-largest mollusc exporter in the EU, with shipments of 11K tonnes in 2019. Meanwhile, Spain (145K tonnes) remains the major exporter of molluscs, comprising near 64% (IndexBox estimates) of the total exports. Portugal (25K tonnes) held the second position in the ranking.

Although the UK’s share of total exports is relatively small, more than $72M of shipments are at stake (at wholesale prices excluding retail margins), not to mention possible losses of incomes for British mollusc producing staff. Without a special agreement, the mollusc trade between the UK and EU countries cannot continue normally, and this situation threatens the existence of export-oriented British producers. The need for COVID testing for drivers delivering goods to the EU poses another threat as it degrades the quality of seafood due to delays.

The pandemic, coupled with the UK’s exit from the EU, could lead to noticeable changes in the European mollusc market, which will not only affect sales channels and supply chains but also lead to market redistribution among producers from other countries.

Source: IndexBox AI Platform

Ferrosilicon
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Ferrosilicon Consumption to Continue Rising Due to the Growth of Solar Energy

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

Last year, the pandemic hit hard the ferrosilicon-consuming industries, primarily the automotive and metallurgy sectors. The market experienced a short-term oversupply, which, coupled with falling production costs, led to a decline in ferrosilicon prices. However, this did not last long. The rapid recovery of the Chinese economy and rising logistics costs have swung the price pendulum in the opposite direction. As the global economy returns to normal, the demand for ferrosilicon will continue to grow. The development of the solar power industry in China and the United States is expected to be a key driver, as is the shift to electric vehicles.

Global ferrosilicon exports are estimated at $3.5B, according to IndexBox data. Its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

Based on 2019 figures, exports increased by +37.0% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of 48% against the previous year. Over the period under review, global exports hit record highs at $4.2B in 2011; however, from 2012 to 2019, exports remained at a lower figure.

Exports by Country

China (616K tonnes), distantly followed by Russia (381K tonnes), Malaysia (271K tonnes), Norway (199K tonnes), the Netherlands (197K tonnes) and Brazil (135K tonnes) represented the largest exporters of ferrosilicon, together making up 66% of total exports. France (102K tonnes), Iceland (95K tonnes), Poland (75K tonnes), Germany (72K tonnes), Ukraine (57K tonnes), Canada (48K tonnes), and South Africa (47K tonnes) followed a long way behind the leaders.

From 2009 to 2019, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Malaysia, while exports for the other global leaders experienced more modest paces of growth.

In value terms, China ($811M), Russia ($459M), and Malaysia ($286M) constituted the countries with the highest levels of exports in 2019, with a combined 45% share of global exports.

Among the main exporting countries, Malaysia recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average ferrosilicon export price stood at $1,268 per tonne in 2019, which is down by -12.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19% year-to-year. Over the period under review, average export prices hit record highs at $1,557 per tonne in 2011; however, from 2012 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Canada ($1,583 per tonne), while Malaysia ($1,053 per tonne) was amongst the lowest.

From 2009 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, while the other global leaders experienced more modest paces of growth.

Imports by Country

In 2019, Japan (440K tonnes), followed by South Korea (260K tonnes), Germany (242K tonnes), India (221K tonnes), the U.S. (197K tonnes), the Netherlands (128K tonnes), Spain (127K tonnes) and Italy (124K tonnes) were the main importers of ferrosilicon, together achieving 64% of total imports. The following importers – Belgium (111K tonnes), Turkey (97K tonnes), Austria (59K tonnes), China (47K tonnes), and Indonesia (44K tonnes) – together made up 13% of total imports.

From 2009 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China, while imports for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($595M), South Korea ($301M), and Germany ($300M) were the countries with the highest levels of imports in 2019, with a combined 36% share of global imports. The U.S., India, the Netherlands, Italy, Belgium, Turkey, Spain, Austria, Indonesia, and China lagged somewhat behind, together accounting for a further 41%.

Among the main importing countries, China recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average ferrosilicon import price amounted to $1,233 per tonne, dropping by -16.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 18% year-to-year. Over the period under review, average import prices hit record highs at $1,657 per tonne in 2011; however, from 2012 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($1,492 per tonne), while Spain ($631 per tonne) was amongst the lowest.

From 2009 to 2019, the most notable rate of growth in terms of prices was attained by Turkey, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

fluorspar
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Global Fluorspar Market Peaked at $2.3B, Rising for the Third Year in a Row

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

In 2019, the global fluorspar market increased by 8.9% to $2.3B, rising for the third consecutive year after four years of decline. Overall, consumption showed a relatively flat trend pattern. Global consumption peaked in 2019 and is expected to retain growth in the near future.

Consumption by Country

China (4.4M tonnes) constituted the country with the largest volume of fluorspar consumption, accounting for 58% of the total volume. Moreover, fluorspar consumption in China exceeded the figures recorded by the second-largest consumer, Mexico (521K tonnes), eightfold. The U.S. (334K tonnes) ranked third in terms of total consumption with a 4.4% share.

From 2012 to 2019, the average annual growth rate of volume in China stood at +1.7%. In the other countries, the average annual rates were as follows: Mexico (+7.7% per year) and the U.S. (-4.7% per year).

In value terms, China ($1.4B) led the market, alone. The second position in the ranking was occupied by Mexico ($113M). It was followed by the U.S.

The countries with the highest levels of fluorspar per capita consumption in 2019 were Mexico (3.92 kg per person), Italy (3.52 kg per person) and Canada (3.39 kg per person).

Market Forecast to 2030

Due to the industrial sector was hampered by lockdowns and tight financial conditions amid the pandemic, it is expected that in 2020, global consumption of fluorspar should decline somewhat against 2019. In the medium term, as the global economy recovers from the effects of the pandemic, the market is expected to grow gradually. Overall, market performance is forecast to pursue a slightly upward trend over the next decade, expanding with an anticipated CAGR of +0.6% for the period from 2019 to 2030, which is projected to bring the market volume to 8.1M tonnes by the end of 2030.

Production by Country

China (4.3M tonnes) remains the largest fluorspar producing country worldwide, accounting for 57% of total volume. Moreover, fluorspar production in China exceeded the figures recorded by the second-largest producer, Mexico (1.2M tonnes), threefold. The third position in this ranking was occupied by Mongolia (718K tonnes), with a 9.5% share (IndexBox estimates).

From 2012 to 2019, the average annual growth rate of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Mexico (-0.1% per year) and Mongolia (+5.8% per year).

Imports

After two years of growth, global imports of fluorspar decreased by -9.9% to 2.4M tonnes in 2019. In general, imports experienced wild fluctuations. The most prominent rate of growth was recorded in 2018 with an increase of 24% year-to-year. As a result, imports attained the peak of 2.6M tonnes and then fell in the following year. In value terms, fluorspar imports contracted slightly to $628M (IndexBox estimates) in 2019.

Imports by Country

In 2019, China (520K tonnes), the U.S. (352K tonnes), Italy (263K tonnes), Russia (185K tonnes), India (136K tonnes), Japan (108K tonnes), the United Arab Emirates (74K tonnes), Tunisia (66K tonnes), South Korea (56K tonnes), Germany (52K tonnes), Canada (47K tonnes) and Turkey (46K tonnes) represented the key importer of fluorspar in the world, mixing up 81% of total import.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($102M), China ($96M), and Italy ($56M) constituted the countries with the highest levels of imports in 2019, together accounting for 40% of global imports. These countries were followed by Japan, India, Russia, Germany, the United Arab Emirates, South Korea, Canada, Tunisia, and Turkey, which together accounted for a further 36%.

Import Prices by Country

The average fluorspar import price stood at $266 per tonne in 2019, rising by 5.6% against the previous year. In general, the import price, however, showed a slight decline. The most prominent rate of growth was recorded in 2018 an increase of 15% y-o-y. Over the period under review, average import prices attained the maximum at $289 per tonne in 2012; however, from 2013 to 2019, import prices failed to regain momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($451 per tonne), while Russia ($176 per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

jam
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France Consumes Most of Jam, Jelly, Puree And Paste in the EU

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IndexBox has just published a new report: ‘EU – Jams, Jellies, Puree And Pastes – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In 2019, the EU market for jams, jellies, puree and pastes decreased by -4.4% to $3.9B, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a mild setback. The most prominent rate of growth was recorded in 2013 with an increase of 7.3% year-to-year. As a result, consumption reached the peak level of $4.5B. From 2014 to 2019, the growth of the market remained at a lower figure.

Consumption by Country

France (578K tonnes) remains the largest jam, jelly, puree and paste consuming country in the European Union, comprising approx. 35% of total volume. Moreover, jam, jelly, puree and paste consumption in France exceeded the figures recorded by the second-largest consumer, Germany (258K tonnes), twofold. The UK (169K tonnes) ranked third in terms of total consumption with a 10% share (IndexBox estimates).

In France, jam, jelly, puree and paste consumption expanded at an average annual rate of +1.9% over the period from 2012-2019. The remaining consuming countries recorded the following average annual rates of consumption growth: Germany (+0.8% per year) and the UK (+2.9% per year).

In value terms, France ($1.6B) led the market, alone. The second position in the ranking was occupied by Germany ($592M). It was followed by the UK.

The countries with the highest levels of jam, jelly, puree and paste per capita consumption in 2019 were France (8.80 kg per person), Austria (6.28 kg per person) and Sweden (5.23 kg per person).

Market Forecast to 2030

Due to the introduction of restrictive measures against the spread of the pandemic, the HoReCa sector suffered from temporary closings and service limitations, which significantly reduced the demand for jams, jellies, puree and pastes. Retail sales were less damaged as the demand for food (including jams, jellies, puree and pastes) at retail outlets increased as consumers started to cook more at home and buy more storable products.

Despite this factor supported the demand, the market is expected to contract somewhat by the end of 2020 against the reduced demand from the HoReCa sector. In the medium term, the market is expected to grow more moderately, with an anticipated CAGR of +0.8% for the period from 2019 to 2030, which is projected to bring the market volume to near 1.8M tonnes by the end of 2030.

Production in the EU

In 2019, production of jams, jellies, puree and pastes decreased by -1.2% to 1.7M tonnes, falling for the third consecutive year after five years of growth. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 3.3% y-o-y. The volume of production peaked at 1.8M tonnes in 2016; however, from 2017 to 2019, production remained at a lower figure. In value terms, jam, jelly, puree and paste production fell to $4.1B in 2019 estimated in export prices. In general, production, however, saw a mild downturn.

Production by Country

France (555K tonnes) remains the largest jam, jelly, puree and paste producing country in the European Union, comprising approx. 32% of total volume. In terms of production, France was followed by Germany (229K tonnes, or 13%) and Spain (146K tonnes, or 9%).

From 2012 to 2019, the average annual rate of growth in terms of volume in France amounted to +1.8%. In the other countries, the average annual rates were as follows: Germany (-0.4% per year) and Spain (+2.6% per year).

Exports in the EU

After seven years of growth, overseas shipments of jams, jellies, puree and pastes decreased by -8% to 661K tonnes in 2019. The total export volume increased at an average annual rate of +2.2% from 2012 to 2019; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 10% year-to-year. The volume of export peaked at 718K tonnes in 2018, and then dropped in the following year. In value terms, jam, jelly, puree and paste exports fell to $1.5B (IndexBox estimates) in 2019.

Exports by Country

The biggest shipments were from Italy (133K tonnes), France (98K tonnes), Belgium (84K tonnes), Germany (82K tonnes) and the Netherlands (65K tonnes), together accounting for 70% of total export. It was distantly followed by Poland (39K tonnes) and Spain (37K tonnes), together generating a 12% share of total exports.

From 2012 to 2019, the biggest increases were in Poland, while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($392M), Italy ($226M) and Germany ($209M) were the countries with the highest levels of exports in 2019, together accounting for 54% of total exports. These countries were followed by Belgium, the Netherlands, Spain and Poland, which together accounted for a further 27%.

Poland saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the export price for jams, jellies, puree and pastes in the European Union amounted to $2,304 per tonne, standing approx. at the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 6.6% y-o-y. Over the period under review, export prices hit record highs at $2,471 per tonne in 2013; however, from 2014 to 2019, export prices failed to regain momentum.

Prices varied noticeably by the country of origin; the country with the highest price was France ($3,992 per tonne), while Poland ($1,524 per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced mixed trends in the export price figures.

Source: IndexBox AI Platform

sugar
Archives, Global Trade Daily, Imports/Exports

With $4.5B of Exports, Brazil Remains the Largest Supplier to the Global Sugar Market

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

The global sugar market rose to $105.3B in 2019, surging by 1.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). In general, consumption continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 with an increase of 6.9% year-to-year. Over the period under review, the global market attained the peak level at $117.5B in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Consumption by Country

The countries with the highest volumes of sugar consumption in 2019 were Brazil (26M tonnes), India (25M tonnes) and China (11M tonnes), together accounting for 32% of global consumption.

From 2013 to 2019, the biggest increases were in Brazil, while sugar consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest sugar markets worldwide were India ($11B), Brazil ($8.3B) and China ($7.6B), together accounting for 26% of the global market  (IndexBox estimates). The U.S., Russia, Germany, Thailand, Pakistan, Mexico, France and Indonesia lagged somewhat behind, together comprising a further 30%.

The countries with the highest levels of sugar per capita consumption in 2019 were Thailand (136 kg per person), Brazil (123 kg per person) and France (80 kg per person).

From 2013 to 2019, the most notable rate of growth in terms of sugar per capita consumption, amongst the leading consuming countries, was attained by Brazil, while sugar per capita consumption for the other global leaders experienced more modest paces of growth.

Production By Country

The countries with the highest volumes of sugar production in 2019 were Brazil (42M tonnes), India (24M tonnes) and Thailand (13M tonnes), with a combined 41% share of global production. China, Pakistan, the U.S., Russia, Mexico, France, Germany, Australia and Guatemala lagged somewhat behind, together accounting for a further 30%.

From 2013 to 2019, the most notable rate of growth in terms of sugar production, amongst the main producing countries, was attained by Pakistan, while sugar production for the other global leaders experienced more modest paces of growth.

Global Sugar Exports

In 2019, the amount of sugar exported worldwide shrank to 29M tonnes, which is down by -13.7% against the previous year’s figure. In general, exports continue to indicate a abrupt descent. Global exports peaked at 41M tonnes in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure. In value terms, sugar exports declined to $10.6B (IndexBox estimates) in 2019.

Exports by Country

In 2019, Brazil (16M tonnes) represented the key exporter of sugar, generating 55% of total exports. Thailand (3.8M tonnes) took a 13% share (based on tonnes) of total exports, which put it in second place, followed by Australia (5.7%). The following exporters – Mexico (1,045K tonnes), South Africa (973K tonnes), Swaziland (747K tonnes), the Philippines (538K tonnes) and El Salvador (518K tonnes) – together made up 13% of total exports.

From 2013 to 2019, average annual rates of growth with regard to sugar exports from Brazil stood at -7.1%. At the same time, the Philippines (+34.9%), South Africa (+17.3%), El Salvador (+7.7%), Swaziland (+6.6%) and Thailand (+2.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in the world, with a CAGR of +34.9% from 2013-2019. By contrast, Mexico (-1.6%) and Australia (-7.1%) illustrated a downward trend over the same period.

In value terms, Brazil ($4.5B) remains the largest sugar supplier worldwide, comprising 42% of global exports. The second position in the ranking was occupied by Thailand ($1.7B), with a 16% share of global exports. It was followed by Australia, with a 9.3% share.

Export Prices by Country

The average sugar export price stood at $363 per tonne in 2019, remaining stable against the previous year. In general, the export price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 16% y-o-y. Over the period under review, average export prices attained the maximum at $472 per tonne in 2013; however, from 2014 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($597 per tonne), while Brazil ($281 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Australia (+3.8%), while the other global leaders experienced mostly negative trends in the export price figures; only in Mexico and Thailand, the prices practically returned to their outset levels.

Source: IndexBox AI Platform

MDF
Archives, Global Trade Daily, News

Hampered by the Pandemic, the Global MDF Market to Pursue Only Measured Growth

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

The global MDF market declined slightly to $45.9B in 2019, which is down by -4.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.4% from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 13% y-o-y. As a result, consumption reached the peak level of $48.2B and then fell modestly in the following year.

Consumption by Country

China (53M cubic meters) Fremains the largest MDF consuming country worldwide, accounting for 52% of total volume. Moreover, MDF consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.6M cubic meters), more than tenfold. The third position in this ranking was occupied by Turkey (4.4M cubic meters), with a 4.3% share.

In China, MDF consumption remained relatively stable over the period from 2013-2019. In the other countries, the average annual rates were as follows: the U.S. (+3.4% per year) and Turkey (+0.7% per year).

In value terms, China ($24.5B) led the market, alone. The second position in the ranking was occupied by the U.S. ($2.9B). It was followed by Turkey.

The countries with the highest levels of MDF per capita consumption in 2019 were Belarus (178 cubic meters per 1000 persons), Poland (89 cubic meters per 1000 persons) and Turkey (53 cubic meters per 1000 persons). Moreover, MDF per capita consumption in Belarus exceeded the figures recorded by the world’s second-largest consumer, Poland, twofold.

Market Forecast to 2030

Taking into account the vulnerability of the construction sector to the pandemic, as well as reduced investment and consumer spending, it is expected that in 2020, global consumption of MDF declined somewhat against 2019. in the medium term, as the global economy recovers from the effects of the pandemic, the market is expected to grow gradually, driven by rising population and recovering incomes. Overall, market performance is forecast to pursue a slightly upward trend over the next decade, expanding with an anticipated CAGR of +1.1% for the period from 2019 to 2030, which is projected to bring the market volume to 115M cubic meters (IndexBox estimates) by the end of 2030.

Production

In 2019, the amount of MDF produced worldwide reduced slightly to 102M cubic meters, leveling off at 2018 figures. The total output volume increased at an average annual rate of +2.3% from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years.

Production by Country

China (55M cubic meters) constituted the country with the largest volume of mdf production, accounting for 54% of total volume. Moreover, MDF production in China exceeded the figures recorded by the second-largest producer, Turkey (4.8M cubic meters), more than tenfold. Brazil (4.5M cubic meters) ranked third in terms of total production with a 4.4% share.

In China, MDF production remained relatively stable over the period from 2013-2019. In the other countries, the average annual rates were as follows: Turkey (+1.9% per year) and Brazil (+1.5% per year).

Imports

Global MDF imports dropped to 14M cubic meters in 2019, shrinking by -8.1% on the previous year. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 8% year-to-year. As a result, imports attained the peak of 16M cubic meters and then shrank in the following year. In value terms, mdf imports dropped to $6.5B (IndexBox estimates) in 2019.

Imports by Country

In 2019, the U.S. (1.5M cubic meters), followed by the UK (581K cubic meters), Italy (573K cubic meters), Japan (524K cubic meters), the Netherlands (495K cubic meters), Poland (478K cubic meters), France (469K cubic meters), Germany (445K cubic meters), Saudi Arabia (406K cubic meters), the United Arab Emirates (378K cubic meters), Belgium (374K cubic meters), Uzbekistan (364K cubic meters) and Mexico (361K cubic meters) were the major importers of mdf, together comprising 49% of total imports.

Imports into the U.S. increased at an average annual rate of +5.3% from 2013 to 2019. At the same time, Poland (+24.6%), Uzbekistan (+19.9%), Belgium (+8.3%), the Netherlands (+3.9%), Germany (+2.8%) and the UK (+1.2%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +24.6% from 2013-2019. Italy, Japan and the United Arab Emirates experienced a relatively flat trend pattern. By contrast, Mexico (-4.2%), France (-4.3%) and Saudi Arabia (-9.0%) illustrated a downward trend over the same period.

In value terms, the U.S. ($895M) constitutes the largest market for imported mdf worldwide, comprising 14% of global imports. The second position in the ranking was occupied by the UK ($341M), with a 5.3% share of global imports. It was followed by France, with a 4.6% share.

From 2013 to 2019, the average annual rate of growth in terms of value in the U.S. totaled +6.3%. In the other countries, the average annual rates were as follows: the UK (+3.1% per year) and France (-1.8% per year).

Import Prices by Country

The average MDF import price stood at $452 per cubic meter in 2019, remaining constant against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 4.8% against the previous year. Over the period under review, average import prices hit record highs at $476 per cubic meter in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was France ($629 per cubic meter), while Uzbekistan ($242 per cubic meter) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform