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The Expansion of Data Center Facilities and Telecom Drives the Global Wire And Cable Market While the Pandemic Hampers Construction and Industry

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The Expansion of Data Center Facilities and Telecom Drives the Global Wire And Cable Market While the Pandemic Hampers Construction and Industry

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

In 2019, the global wire and cable market increased by 0.5% to $239.6B, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +1.0% from 2012 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years.

Insulated wire and cable consumption tend to follow distributional and industrial electrical utility construction, the creation of new communities, and a replacement cycle. Therefore, the rising demand for insulated wire and cable will also be shaped by both the residential construction sector and industrial production alike, which are conditioned by rising population and urbanization, particularly in Asia. Thus, the largest wire and cable markets worldwide were China ($53.2B), the U.S. ($27.4B) and Indonesia ($13.8B), together accounting for 39% of the global market (IndexBox estimates). These countries were followed by Japan, Mexico, India, Germany, Russia, France, South Korea, the UK, Turkey and Italy, which together accounted for a further 27%.

Capital investment and the expansion of transport and telecom infrastructure also constitute major factors behind the market growth; overall, those factors reflect the global GDP growth.

The telecommunications market uses a wide range of wire and cable products. With the active development of the electronic devices market, continuous improvement of the existing telecommunication infrastructure is required, including within the framework of modernization, which will contribute to the growth of the insulated wire and cable market.

The development of the 5G and other wireless networks, on the one hand, requires less data cable systems, but on the other hand, it needs more power supply cable systems for base stations. Moreover, the growth of demand for data centers amid the penetration of big data and machine learning to major business sectors shapes the demand for both data and power cable systems. Thus, insulated cables for a voltage under 80 V feature as the most imported category of cables in the world, with imports amounting to 4M tonnes in 2019, which equated to $26B.

Overall, imports of insulated wire and cable amounted to 9.6M tonnes in 2019. In value terms, wire and cable imports shrank to $112.5B (IndexBox estimates) in 2019. In value terms, the U.S. ($20.8B), Germany ($10.5B) and Japan ($7.5B) appeared to be the countries with the highest levels of imports in 2019, together accounting for 34% of global imports. These countries were followed by China, Mexico, France, the UK, Hong Kong SAR, Spain, Canada, South Korea, the Czech Republic and the Netherlands, which together accounted for a further 30%.

Until 2020, the global economy has been developing steadily for five years, although at a slower pace than in the previous decade. The slowdown in global economic growth was caused by increased political uncertainty in the world and trade wars between the United States and China. According to the World Bank outlook from January 2020, the global economy was expected to pick up the growth momentum and increase from +2.5% to +2.7% per year in the medium term.

In early 2020, however, the global economy entered a period of the crisis caused by the outbreak of the COVID-19 pandemic. In order to battle the spread of the virus, most countries in the world implemented quarantine measures that put on halt production and transport activity.

The combination of those factors disrupts 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 -5.2%, which is the deepest global recession being seen over the past eight decades.

Both the construction and industrial sectors have proven vulnerable to the pandemic. Thus, the above economic prerequisites will have the most negative impact on the expansion of new residential and non-residential construction projects, thereby hampering the demand for electricity and electrical networks.

Due to quarantine measures, construction projects were paused, and the drop in incomes of the population makes mortgage loans less affordable. In addition, the reduced capital investment may lead to the postponement of plans for the building of new infrastructural and industrial facilities.

Moreover, the disruption of established international supply chains between insulated wire and cable producers and consumers due to asynchronous quarantine measures and restricted transport activity also hampers the market growth.

Taking into account the above, it is expected that in 2020, global consumption of insulated wire and cable should decline slightly 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 +0.3% for the period from 2019 to 2030, which is projected to bring the market volume to 24M tonnes by the end of 2030.

Source: IndexBox AI Platform

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The European Smoked Salmon Market to Retain Gradual Growth Despite the Pandemic

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IndexBox has just published a new report: ‘EU – Smoked Pacific, Atlantic And Danube Salmon – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The size of the smoked salmon market in the European Union contracted slightly to $4.4B in 2019 (IndexBox estimates), approximately equating to 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 countries with the highest volumes of smoked salmon consumption in 2019 were Germany (39K tonnes), France (26K tonnes) and the UK (24K tonnes), together comprising 38% of total consumption. Italy, the Netherlands, Spain, Poland, Belgium, Romania, Denmark, the Czech Republic, Greece, and Portugal lagged somewhat behind, together comprising a further 45%.

From 2012 to 2019, the most notable rate of growth in terms of smoked salmon consumption, amongst the leading consuming countries, was attained by the UK, while smoked salmon consumption in France showed a mild contraction.

Moreover, exports in France are also decreasing for the second consecutive year. This is likely to be connected with the rising prices which make the product less competitive. Moreover, the volume of production is also decreasing, but the imports are rising, enabling the consumption volume to remain relatively stable. This makes a sign that cheaper imports are currently pressuring domestic production in France. Producers from Poland, Belgium and the UK, which are the largest smoked salmon supplying countries to France with rapidly growing volumes of supplies, seem to benefit from this trend.

Smoked salmon constitutes one of the popular fish products widely used for direct consumption and the production of bakery, pizza, snacks, and Japanese dishes. Since the use of smoked salmon is widely established, no sharp shift in consumption is currently expected. Population growth and rising incomes, which, in a broader context, reflect the overall GDP growth, are to remain key fundamentals behind the demand for smoked salmon.

In early 2020, however, the global economy entered a period of crisis caused by the outbreak of the COVID-19 pandemic. In order to battle the spread of the virus, most countries in the world implemented quarantine measures that put on halt production and transport activity, which undermined economic growth heavily throughout the world. Large-scale quarantine measures constitute the key disruptive factor, due to which production dropped across almost every industry and entire economic sectors are closed, such as catering, non-food retail, and personal services.

The shutdown of the HoReCa sector led to a significant decrease in the production of bakery and Japanese fish dishes, which overall depresses the demand for smoked salmon. Moreover, in the context of falling incomes, consumers primarily tend to exclude non-staple goods from purchases, which include smoked salmon. Thus, a sharp drop in household incomes is a powerful factor that will restrain the smoked salmon market in the medium term.

On the other hand, given the reduction in the number of visits to shops and malls, consumers started to cook more at home. This promotes the demand for food home cooking ingredients, as well as for ready-to-eat products. Smoked salmon fits those requirements as it is typically sold ready for consumption and it could be stored for a certain period of time.

Accordingly, retail packaging adapted to different consumption situations becomes more popular: family packages, single person packages of various shapes and dimensions, snack packages, etc. People are less likely to visit stores, therefore the packaging with increased capacity may become more suitable. Given the limitations of the HoReCa sector and the reduced number of visits to traditional malls and shops, online retail is becoming a more important channel for the sale of food products. Moreover, contactless delivery becomes a ‘must-have’ option for retail services.

The high dependency of the smoked salmon market on international trade means that the lower transport activity and the possible disruption of smoked salmon supply chains are serious threats to the market. Thus, smoked salmon imports dropped to $1.7B in 2019 (IndexBox estimates). The total import value increased at an average annual rate of +6.9% over the period from 2012 to 2019.

In value terms, Germany ($752M) constitutes the largest market for imported smoked salmon in the European Union, comprising 44% of total imports. The second position in the ranking was occupied by Italy ($292M), with a 17% share of total imports. It was followed by France, with a 11% share.

The smoked salmon import price in the European Union stood at $16,662 per tonne in 2019, shrinking by -5.8% against the previous year. Over the last seven-year period, it increased at an average annual rate of +3.0%.

Prices varied noticeably by the country of destination; the country with the highest price was Austria ($19,632 per tonne), while Denmark ($12,596 per tonne) was amongst the lowest. From 2012 to 2019, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Major supply chain risk comes from the disruption of established international supply chains including food handling and packaging intermediaries, as well as the distributor sector. Supply chains may be undermined by asynchronous quarantine measures taken in the involved countries as well as the restraints in deliveries.

Given the pandemic-related limitation of the HoReCa and retail sector, the smoked salmon market is not expected to post any tangible gains in 2020. Afterward, the market is forecast to resume gradual growth, driven by gradual population growth and the recovery of the HoReCa industry. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.5% for the period from 2019 to 2030, which is projected to bring the market volume to 246K  tonnes by the end of 2030.

Source: IndexBox AI Platform

silica sands
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The Global Silica Sands Market to Standoff the Pandemic

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IndexBox invites everyone interested in the relevant data and the actual trends regarding the global silica sand market to join our webinar: ‘Global Silica Sand Market – Statistics, Trends, and Outlook’. Here is a summary of the webinar’s key findings.

The Global Silica Sand Market Posted Solid Gains Until being Hit by the Pandemic

For the third consecutive year, the global silica sand market recorded growth in sales value, which increased by 7.7% to $52.4B in 2019 (IndexBox estimates). The market value increased at an average annual rate of +2.0% over the period from 2007 to 2019.

The countries with the highest volumes of silica sand consumption in 2019 were China (123M tonnes), the U.S. (105M tonnes) and Brazil (20M tonnes), with a combined 51% share of global consumption. Turkey, the Netherlands, India, Italy, France, the Czech Republic, Malaysia, Poland and Germany lagged somewhat behind, together comprising a further 20%. In value terms, the U.S. ($7.6B) led the market, alone. The second position in the ranking was occupied by Brazil ($2.1B). It was followed by Italy.

The main applications of quartz sand are the glass industry, cement production, steel castings manufacturing, production of building materials, production of welding materials, porcelain production, water treatment systems, as an abrasive material for sandblasting, etc. Due to the fact that the scope of quartz sand use is very extensive, the general state of the economy, which is expressed in the growth of GDP, as well as the state of key consuming industries, including construction, constitute the fundamental factors behind the market growth.

It is the construction sector that shapes the consumption of many products and materials, which include quartz sand (dry building mixtures, floorings, cement, mortars, etc.). In addition, the demand in the glass industry, water treatment, and, to a certain extent, metallurgy is also associated with the construction sector.

Until 2020, the global economy has been developing steadily for five years, although at a slower pace than in the previous decade. According to the World Bank outlook from January 2020, the global economy was expected to pick up the growth momentum and increase by from +2.5% to +2.7% per year in the medium term. The main driver of growth in the global economy was the growing demand from developing countries, mainly China and the countries of Southeast Asia. In these countries the economic growth rates are the highest in the world, which is accompanied by active urbanization and growth of the population’s income; all this together leads to an expansion of the volume of both industry and construction. In the United States and the EU, economic growth was also high, which was due to both the strong employment and the availability of credit funding.

In early 2020, however, the global economy entered a period of the crisis caused by the outbreak of the COVID-19 pandemic. In order to battle the spread of the virus, most countries in the world implemented quarantine measures that put on halt production and transport activity.

The combination of those factors 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 -5.2%, which is the deepest global recession being seen over the past eight decades.

In Asian countries, especially China, which faced the pandemic earlier than others, the epidemic situation improved earlier, with the quarantine measures largely relaxed, and the economy is gradually recovering from the forced outage. Thus, in China, by the end of 2020, an increase of 1% is expected (while a year earlier it was 6.1%), and in general in Southeast Asia in 2020, an increase of 0.5% is expected. In the medium term, it is assumed that the economy will gradually recover over several years as the restrictions are finally lifted.

The U.S., meanwhile, is struggling with a drastic short-term recession, with the expected contraction of GDP of approx. -6.1% in 2020, as the hit of the pandemic, was harder than expected, and unemployment soared due to the shutdown and social isolation. In Japan, the decline is also expected to be deep, with -6.1% in 2020, which also hampers any growth of the construction sector.

According to the European Commission, the EU economy is forecasted to plummet by -8.3% in 2020 on the backdrop of the pandemic, hampered by the lockdown, a drop in consumer spending and decreased investment. Russia is also struggling with a sensitive short-term recession, with the expected contraction of GDP of approx. -6.0% in 2020. Current short-term indicators show that the plunge in the first half of 2020 was really deep, but a gradual recovery starts in the third quarter of 2020.

This unpreceded drop in the global economy should certainly affect the silica sand market which is to a very high extent bound to the construction sector.

The COVID Pandemic Challenged the Market, Hampering the Growth and Disrupting Supply Chains

The construction sector has proven extremely vulnerable to the pandemic. Thus, the above economic prerequisites will have the most negative impact on the production of building materials, and, therefore, on the consumption of silica sand. The negative challenge for the market is that due to quarantine measures, construction projects were paused, and the drop in incomes of the population makes mortgage loans less affordable. Moreover, reduced capital investments may lead to the postponement of plans for the building new and the renewal of the existing dwellings, infrastructural and industrial facilities.

In addition, the disruption of established international supply chains between silica sand producers and consumers due to asynchronous quarantine measures and restricted transport activity. Silica sands exports expanded modestly to $1.2B (IndexBox estimates) in 2019, with the U.S. ($375M), Australia ($205M) and Belgium ($96M) featuring among the top exporters, together accounting for 54% of global exports. The total export value increased at an average annual rate of +3.1% over the period from 2007 to 2019. In 2020, expectations regarding the dynamic of global trade are cautious, as it may stagnate along with global consumption.

On the other hand, lower oil prices as a result of reduced demand and oversupply amid the pandemic are making oil and gas more affordable. Consequently, the cost of construction materials incorporating silica is to decrease, which should partially mitigate the negative effect of the drop in spending and investments. Increasing urbanization, as well as the expansion of the suburbs of large metropolitan areas (especially in developed countries), are driving an increase in demand for construction products for individual housing and water treatment, which is also to support the demand for silica sand.

In the medium term, should the pandemic outbreak end in the second half of 2020, the economy is to start recovering in 2021 and then return to the market trend of the gradual growth, driven by the fundamentals existed before 2020 and boosted by support measures imposed by the government. After the ease of the quarantine shutdown, a recovery in the global economy began by the end of the 2nd quarter of 2020. State support measures for the economy will help support investment in both the developed and developing world. However, those projections are very vulnerable to the possible second wave of the COVID worldwide.

Accordingly, the possible action to handle with the new market reality is all around first, the health of employees and everyone, and second – the improvement of business efficiency.

Direct b2b-sales remain one of the key sales channels for silica sand, and there the COVID-related lockdown did not lead to major shifts in this segment. However, online communication becomes increasingly important even in the b2b sales channels. Therefore, enhancing the use of online communications and document workflow is vital for any company in today’s environment.

As for business efficiency, improving financial stability, reducing debt, improving cost-effectiveness, adjusting employment, and payroll feature among key measures to keep a company’s market position during the extremely uncertain period.

Source: IndexBox AI Platform

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The European Brassiere, Girdle and Corset Market Peaked at $3.2B

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

The EU brassiere, girdle and corset market expanded modestly to $3.2B in 2019, increasing by 3.5% 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 +2.4% over the period from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 6.6% y-o-y. The level of consumption peaked in 2019 and is expected to retain growth in the near future.

Consumption by Country

The countries with the highest volumes of brassiere, girdle and corset consumption in 2019 were the UK (156M units), France (100M units) and Germany (99M units), with a combined 44% share of total consumption. These countries were followed by Spain, Italy, the Netherlands, Portugal, Poland, Ireland, Austria, the Czech Republic and Greece, which together accounted for a further 43%.

From 2013 to 2019, the biggest increases were in Ireland, while brassiere, girdle and corset consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest brassiere, girdle and corset markets in the European Union were Germany ($525M), the UK ($491M) and France ($457M), with a combined 47% share of the total market. Spain, Italy, the Netherlands, Poland, Austria, Ireland, Portugal, the Czech Republic and Greece lagged somewhat behind, together comprising a further 39%.

The countries with the highest levels of brassiere, girdle and corset per capita consumption in 2019 were Ireland (6 units per person), Portugal (3.44 units per person) and Austria (3.26 units per person).

Production in the EU

In 2019, brassiere, girdle and corset production in the European Union reduced to 56M units, shrinking by -14.5% against the previous year’s figure. Over the period under review, production attained the peak volume at 104M units in 2013; however, from 2014 to 2019, production failed to regain the momentum.

Production by Country

The countries with the highest volumes of brassiere, girdle and corset production in 2019 were Croatia (11M units), Spain (9.2M units) and Italy (8M units), with a combined 50% share of total production. These countries were followed by Romania, Poland, Latvia, Hungary, Sweden, Portugal, the Czech Republic, Cyprus and Austria, which together accounted for a further 42%.

From 2013 to 2019, the most notable rate of growth in terms of brassiere, girdle and corset production, amongst the leading producing countries, was attained by Sweden, while production for the other leaders experienced more modest paces of growth.

Imports in the EU

In 2019, imports of brassieres, girdles and corsets in the European Union was estimated at 1.1B units, with an increase of 2% against the year before. The total import volume increased at an average annual rate of +4.4% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. In value terms, brassiere, girdle and corset imports declined slightly to $4.2B (IndexBox estimates) in 2019.

Imports by Country

In 2019, the UK (180M units), Germany (156M units) and France (140M units) was the main importer of brassieres, girdles and corsets in the European Union, constituting 43% of total import. Spain (90M units) ranks next in terms of the total imports with an 8.2% share, followed by Italy (6.9%), Austria (6.8%), the Netherlands (6.7%) and Poland (5.2%). Belgium (43M units), Portugal (36M units), Ireland (32M units) and the Czech Republic (25M units) followed a long way behind the leaders.

From 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ireland, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest brassiere, girdle and corset importing markets in the European Union were Germany ($825M), France ($637M) and the UK ($557M), together accounting for 48% of total imports. Italy, the Netherlands, Spain, Austria, Poland, Belgium, the Czech Republic, Portugal and Ireland lagged somewhat behind, together accounting for a further 42%.

Import Prices by Country

The brassiere, girdle and corset import price in the European Union stood at $3.9 per unit in 2019, declining by -4.7% against the previous year. Over the period under review, the import price saw a perceptible decrease. The growth pace was the most rapid in 2014 an increase of 2.4% year-to-year. As a result, import price attained the peak level of $4.6 per unit. From 2015 to 2019, the growth in terms of import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($5.3 per unit), while Ireland ($1.5 per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

rabbit
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Ranking Third in Terms of the Market Size, Czechs Consume the Most Rabbit Meat Per Capita in Europe

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

The EU rabbit meat market reduced to $1.1B in 2019, waning by -3.6% 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). Over the period under review, consumption recorded a perceptible slump. The pace of growth appeared the most rapid in 2018 with an increase of 12% against the previous year. Over the period under review, the market attained the maximum level at $1.5B in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Consumption by Country

The countries with the highest volumes of rabbit meat consumption in 2019 were Spain (51K tonnes), Italy (45K tonnes) and the Czech Republic (40K tonnes), together accounting for 57% of total consumption. France, Germany, Bulgaria and Slovakia lagged somewhat behind, together comprising a further 36%.

From 2013 to 2019, the most notable rate of growth in terms of rabbit meat consumption, amongst the key consuming countries, was attained by Slovakia, while rabbit meat consumption for the other leaders experienced mixed trends in the consumption figures.

In value terms, the largest rabbit meat markets in the European Union were Germany ($249M), Spain ($213M) and Italy ($193M), together accounting for 58% of the total market. These countries were followed by France, the Czech Republic, Slovakia and Bulgaria, which together accounted for a further 36%.

In 2019, the highest levels of rabbit meat per capita consumption was registered in the Czech Republic (3.72 kg per person), followed by Spain (1.09 kg per person), Slovakia (0.82 kg per person) and Italy (0.75 kg per person), while the world average per capita consumption of rabbit meat was estimated at 0.46 kg per person.

Production in the EU

In 2019, approx. 234K tonnes of rabbit or hare meat were produced in the European Union; falling by -1.8% against 2018. In general, production saw a noticeable curtailment. The general negative trend in terms output was largely conditioned by a pronounced descent of the number of producing animals and a relatively flat trend pattern in yield figures.

Production by Country

The countries with the highest volumes of rabbit meat production in 2019 were Spain (54K tonnes), Italy (43K tonnes) and France (42K tonnes), with a combined 60% share of total production. These countries were followed by the Czech Republic, Germany, Hungary and Bulgaria, which together accounted for a further 35%.

From 2013 to 2019, the biggest increases were in Bulgaria, while rabbit meat production for the other leaders experienced a decline in the production figures.

Producing Animals and Yield

In 2019, number of animals slaughtered for rabbit meat production in the European Union shrank modestly to 144M heads, declining by -2.4% against 2018 figures. Over the period under review, the number of producing animals saw a pronounced decrease. The level of producing animals peaked at 175M heads in 2013; however, from 2014 to 2019, producing animals stood at a somewhat lower figure.

The average rabbit meat yield reached 1,631 kg per 1000 heads in 2019, standing approx. at the year before. Overall, the yield recorded a relatively flat trend pattern.

Exports in the EU

In 2019, shipments abroad of rabbit or hare meat decreased by -0.3% to 25K tonnes, falling for the fifth consecutive year after two years of growth. Overall, exports recorded a slight shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 8.8% year-to-year. As a result, exports attained the peak of 31K tonnes. From 2015 to 2019, the growth exports remained at a lower figure. In value terms, rabbit meat exports reduced to $130M (IndexBox estimates) in 2019.

Exports by Country

In 2019, France (6K tonnes), Spain (5.5K tonnes), Hungary (4.7K tonnes) and Belgium (4.3K tonnes) was the major exporter of rabbit or hare meat in the European Union, committing 81% of total export. It was distantly followed by Italy (1.5K tonnes), making up a 6% share of total exports. The following exporters – the Netherlands (912 tonnes) and Portugal (648 tonnes) – together made up 6% of total exports.

From 2013 to 2019, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Portugal, while exports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($29M), France ($28M) and Belgium ($25M) constituted the countries with the highest levels of exports in 2019, with a combined 62% share of total exports. Spain, the Netherlands, Italy and Portugal lagged somewhat behind, together comprising a further 30%.

Export Prices by Country

The rabbit meat export price in the European Union stood at $5,131 per tonne in 2019, dropping by -6% against the previous year. Overall, the export price showed a mild contraction. The growth pace was the most rapid in 2018 when the export price increased by 21% year-to-year. The level of export peaked at $5,638 per tonne in 2013; however, from 2014 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($7,147 per tonne), while Italy ($3,744 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

pastry
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The American Frozen Cake And Pastry Market Posted Record Gains

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IndexBox has just published a new report: ‘U.S. Frozen Cakes, Pies, And Other Pastries Market. Analysis And Forecast to 2025’. Here is a summary of the report’s key findings.

For the seventh consecutive year, the U.S. frozen cake and pastry market recorded growth in sales value, which increased by 3.6% to $7.3B in 2019. This figure reflects the total revenue of producers and importers (excluding logistics costs, marketing costs, and retail margins, which will be included in the final consumer price).

The market value increased at an average annual rate of +4.3% over the period from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 6.1% y-o-y. Over the period under review, the market reached the maximum level in 2019 and is expected to retain growth in years to come.

Production of Frozen Cakes, Pies, And Other Pastries in the U.S.

The American frozen cake and pastry market is largely buoyed by domestic production – despite growing robustly over the last decade, imports occupy only 15% of the market. Frozen cake and pastry production rose modestly to $6.6B in 2019. The total output value increased at an average annual rate of +3.9% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years.

Exports from the U.S.

For the fourth consecutive year, the U.S. recorded growth in shipments abroad of frozen cakes, pies, and other pastries, which increased by 6.7% to 46K tonnes in 2019. The total export volume increased at an average annual rate of +6.5% from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, frozen cake and pastry exports totaled $140M (IndexBox estimates) in 2019.

Imports into the U.S.

In 2019, the number of frozen cakes, pies, and other pastries imported into the U.S. stood at 239K tonnes, remaining constant against 2018. In general, total imports indicated a prominent expansion from 2013 to 2019: its volume increased at an average annual rate of +8.3% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, frozen cake and pastry imports stood at $1.1B (IndexBox estimates) in 2019.

Based on 2019 figures, imports increased by +66.7% against 2014 indices. Over the period under review, imports reached the peak figure in 2019 and are likely to continue growth in the immediate term.

Imports by Country

In 2019, Canada (196K tonnes) constituted the largest supplier of frozen cake and pastry to the U.S., accounting for an 82% share of total imports. Moreover, frozen cake and pastry imports from Canada exceeded the figures recorded by the second-largest supplier, France (9.5K tonnes), more than tenfold.

From 2013 to 2019, the average annual rate of growth in terms of volume from Canada amounted to +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+18.8% per year) and Italy (+15.1% per year).

In value terms, Canada ($884M) constituted the largest supplier of frozen cake and pastry to the U.S., comprising 83% of total imports. The second position in the ranking was occupied by France ($49M), with a 4.6% share of total imports.

Import Prices by Country

The average frozen cake and pastry import price stood at $4,438 per tonne in 2019, growing by 4.9% against the previous year. Over the last six years, it increased at an average annual rate of +6.6%. The growth pace was the most rapid in 2014 an increase of 25% y-o-y. The import price peaked in 2019 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Italy ($5,202 per tonne), while the price for Canada ($4,509 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

Rich Products Corporation, J & J Snack Foods, The Bama Companies, Sweet Street Desserts, The Eli’s Cheesecake Company, Love & Quiches, Rhodes International, J. S. B. Industries, Bama Pie, Galaxy Desserts, Bonert’s Incorporated, Lone Star Bakery, The James Skinner, Nemo’s Bakery, Mel-O-Cream Donuts International, Culinary Arts Specialties, Coastal Foods, Labree’s, Main Street Gourmet, Ralcorp Frozen Bakery Products, Marie Minnie Bakers, Astrochef, Creative Occasions, Granny’s Kitchens, Circle Peak Capital Management, Steven-Robert Original’s, Orange Bakery, Dawn Foods, Cloverhill Pastry-Vend, Panarama Incorporated (delaware), Edwards Fine Foods, Keystone Bakery Holdings

Source: IndexBox AI Platform

natural rubber
Archives, Global Trade Daily, News

The Global Natural Rubber And Gum Market Stabilized at $25B, but the Pandemic Hampers Resuming the Growth

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

The global natural rubber and gum market amounted to $25.2B in 2019, therefore, remained relatively stable 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).

Despite robust gains in natural gum production in physical terms, the market value could only stabilize over the last years, after dropping sharply in 2015. Thus, global consumption peaked at $29.9B in 2013; however, from 2014 to 2019, consumption failed to regain the momentum. That dynamic is largely shaped by the shifts in prices that followed a shard decrease in global oil prices in 2015.

Consumption by Country

The countries with the highest volumes of natural rubber and gum consumption in 2019 were Thailand (4M tonnes), Indonesia (3.7M tonnes) and China (1.4M tonnes), together accounting for 62% of global consumption. These countries were followed by Viet Nam, Malaysia, India and Cote d’Ivoire, which together accounted for a further 25%.

From 2013 to 2019, the biggest increases were in Cote d’Ivoire, while natural rubber and gum consumption for the other global leaders experienced more modest paces of growth.

In value terms, Thailand ($6.3B), Indonesia ($5.8B) and China ($2.7B) were the countries with the highest levels of market value in 2019, with a combined 59% share of the global market. Viet Nam, Malaysia, India and Cote d’Ivoire lagged somewhat behind, together accounting for a further 24%.

The countries with the highest levels of natural rubber and gum per capita consumption in 2019 were Thailand (58 kg per person), Malaysia (31 kg per person) and Cote d’Ivoire (20 kg per person).

Market Forecast to 2030

Depressed by shrinking demand for rubber tires and industrial articles on the backdrop of the economic slump caused by the pandemic, the market is to decline noticeably in 2020. 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 +0.3% for the period from 2019 to 2030, which is projected to bring the market volume to 15M tonnes by the end of 2030.

Production

For the fourth year in a row, the global market recorded growth in the production of natural rubber and gums, which increased by 3.2% to 15M tonnes in 2019. The total output volume increased at an average annual rate of +2.2% from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period.

Over the period under review, global production hit record highs in 2019 and is likely to continue growing in the near future. The generally positive trend in terms of output was largely conditioned by a notable expansion of the harvested area and a relatively flat trend pattern in yield figures.

Production By Country

The countries with the highest volumes of natural rubber and gum production in 2019 were Thailand (4.9M tonnes), Indonesia (3.7M tonnes) and Viet Nam (1.2M tonnes), together accounting for 67% of global production. These countries were followed by India, China, Malaysia and Cote d’Ivoire, which together accounted for a further 21%.

From 2013 to 2019, the biggest increases were in Cote d’Ivoire, while natural rubber and gum production for the other global leaders experienced more modest paces of growth.

Harvested Area and Yield

In 2019, approx. 12M ha of natural rubber and gums were harvested worldwide; with an increase of 3.4% compared with the year before. The harvested area increased at an average annual rate of +2.3% over the period from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period.

In 2019, the global average natural rubber and gum yield reduced modestly to 1.2 tonnes per ha, leveling off at 2018 figures. In general, the yield saw a relatively flat trend pattern.

Imports

After three years of growth, supplies from abroad of natural rubber and gums decreased by -4.3% to 1.3M tonnes in 2019. The total import volume increased at an average annual rate of +1.2% from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Global imports peaked at 1.3M tonnes in 2018, and then reduced modestly in the following year. In value terms, natural rubber and gum imports declined to $1.6B (IndexBox estimates) in 2019.

Imports by Country

China remains the main importer of natural rubber and gums in the world, with the volume of imports reaching 554K tonnes, which was approx. 44% of total imports in 2019. It was distantly followed by Malaysia (312K tonnes), generating a 25% share of total imports. The U.S. (48K tonnes), Mexico (29K tonnes), Brazil (29K tonnes), the Netherlands (28K tonnes), Belgium (24K tonnes), Viet Nam (22K tonnes) and Pakistan (20K tonnes) followed a long way behind the leaders.

From 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands, while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($608M), Malaysia ($508M) and the U.S. ($54M) were the countries with the highest levels of imports in 2019, with a combined 71% share of global imports. These countries were followed by Brazil, the Netherlands, Mexico, Belgium, Pakistan and Viet Nam, which together accounted for a further 9.9%.

Import Prices by Country

In 2019, the average natural rubber and gum import price amounted to $1,305 per tonne, dropping by -4.1% against the previous year. Over the period under review, the import price recorded an abrupt decrease. The pace of growth was the most pronounced in 2017 an increase of 20% against the previous year. Global import price peaked at $2,464 per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Malaysia ($1,629 per tonne), while Mexico ($966 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

sausage
Archives, EU Trade, Global Trade Daily, News

Czechs, Germans, and Austrians Eat the Most Sausages Per Capita in Europe

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

For the sixth year in a row, the EU sausage market recorded a decline in sales value, which decreased by -1.5% to $22.5B in 2019. Over the period under review, the market reached the maximum level at $26.7B in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.

Consumption by Country

Germany (1.5M tonnes) constituted the country with the largest volume of sausage consumption, comprising approx. 27% of the total volume. Moreover, sausage consumption in Germany exceeded the figures recorded by the second-largest consumer, Poland (574K tonnes), threefold. France (495K tonnes) ranked third in terms of total consumption with an 8.8% share.

From 2013 to 2019, the average annual growth rate of volume in Germany was relatively modest. In other countries, the average annual rates were as follows: Poland (+2.1% per year) and France (+2.0% per year).

In value terms, Germany ($7.6B) led the market, alone. The second position in the ranking was occupied by France ($2.6B). It was followed by Spain.

The countries with the highest levels of sausage per capita consumption in 2019 were the Czech Republic (19 kg per person), Germany (19 kg per person) and Austria (16 kg per person).

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

Production in the EU

For the fifth year in a row, the European Union recorded growth in the production of sausages and similar products of meat, which increased by 1% to 5.7M tonnes in 2019. The total output volume increased at an average annual rate of +1.2% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 3% y-o-y. The volume of production peaked in 2019 and is likely to see steady growth in the immediate term.

Production by Country

The country with the largest volume of sausage production was Germany (1.6M tonnes), comprising approx. 28% of the total volume. Moreover, sausage production in Germany exceeded the figures recorded by the second-largest producer, Poland (676K tonnes), twofold. The third position in this ranking was occupied by Spain (525K tonnes), with a 9.2% share.

From 2013 to 2019, the average annual growth rate of volume in Germany amounted to +1.6%. In other countries, the average annual rates were as follows: Poland (+3.0% per year) and Spain (+4.7% per year).

Exports in the EU

In 2019, sausage exports in the European Union were estimated at 857K tonnes, picking up by 3.2% compared with 2018. The total export volume increased at an average annual rate of +1.4% over the period from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. In value terms, sausage exports stood at $3.9B (IndexBox estimates) in 2019.

Exports by Country

In 2019, Germany (165K tonnes), followed by Poland (109K tonnes), Italy (75K tonnes), Spain (75K tonnes), the Netherlands (56K tonnes), Belgium (55K tonnes), Austria (50K tonnes) and France (44K tonnes) represented the largest exporters of sausages and similar products of meat, together creating 73% of total exports. Denmark (36K tonnes), Slovakia (30K tonnes), the Czech Republic (27K tonnes) and Hungary (20K tonnes) followed a long way behind the leaders.

From 2013 to 2019, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Slovakia, while exports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($788M), Italy ($548M) and Spain ($475M) appeared to be the countries with the highest levels of exports in 2019, together comprising 47% of total exports. These countries were followed by Poland, Austria, France, Denmark, the Netherlands, Belgium, Hungary, the Czech Republic and Slovakia, which together accounted for a further 43%.

Slovakia saw the highest rates of growth with regard to the value of exports, in terms of 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

The sausage export price in the European Union stood at $4,533 per tonne in 2019, with a decrease of -2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 7% year-to-year. As a result, the export price reached the peak level of $4,627 per tonne, and then contracted modestly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($7,311 per tonne), while Slovakia ($2,824 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

glass fibres
Archives, Global Trade Daily, News

The European Glass Fibres And Wool Market Reached $2.3B, Decelerating After Three Years of Solid Growth

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

In 2019, the EU glass fibres and wool market increased by 0.3% to $2.3B, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +2.3% over the period from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years.

Consumption by Country

The countries with the highest volumes of glass fibres and wool consumption in 2019 were the UK (255K tonnes), Belgium (131K tonnes) and Germany (128K tonnes), together comprising 56% of total consumption.

From 2013 to 2019, the biggest increases were in Belgium, while glass fibres and wool consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibres and wool markets in the European Union were Germany ($550M), the UK ($349M) and Belgium ($224M), together comprising 50% of the total market.

In 2019, the highest levels of glass fibres and wool per capita consumption was registered in Belgium (11 kg per person), followed by Denmark (5.06 kg per person), the UK (3.78 kg per person) and Germany (1.56 kg per person), while the world average per capita consumption of glass fibres and wool was estimated at 1.80 kg per person.

Production in the EU

In 2019, the amount of glass fibres and glass wool produced in the European Union reached 923K tonnes, rising by 4.3% compared with the previous year. The total output volume increased at an average annual rate of +3.7% from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, production hit record highs in 2019 and is expected to retain growth in the near future.

Exports in the EU

In 2019, the amount of glass fibres and glass wool exported in the European Union expanded modestly to 254K tonnes, growing by 2.5% against 2018 figures. The total export volume increased at an average annual rate of +4.8% over the period from 2013 to 2019. The most prominent rate of growth was recorded in 2017 with an increase of 13% against the previous year. In value terms, glass fibres and wool exports contracted slightly to $997M (IndexBox estimates) in 2019.

Exports by Country

The shipments of the three major exporters of glass fibres and glass wool, namely Germany, Belgium and Spain, represented more than half of total export. It was distantly followed by Sweden (14K tonnes), making up a 5.5% share of total exports. The following exporters – Lithuania (11K tonnes), the UK (11K tonnes), France (10K tonnes), Denmark (9.2K tonnes) and Italy (9.1K tonnes) – each accounted for a 20% share of total exports.

From 2013 to 2019, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Lithuania (+163.2% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($313M) remains the largest glass fibres and wool supplier in the European Union, comprising 31% of total exports. The second position in the ranking was occupied by Spain ($110M), with an 11% share of total exports. It was followed by Denmark, with an 8.6% share.

Export Prices by Country

In 2019, the glass fibres and wool export price in the European Union amounted to $3,931 per tonne, shrinking by -4.1% against the previous year. Over the period under review, the export price recorded a mild setback. The growth pace was the most rapid in 2016 when the export price increased by 17% y-o-y. As a result, export price attained the peak level of $4,614 per tonne. From 2017 to 2019, the growth in terms of the export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Denmark ($9,270 per tonne), while Belgium ($1,359 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced a decline in the export price figures.

Source: IndexBox AI Platform

circuit
Archives, Global Trade Daily, Software

The American Printed Circuit Assembly Market Affected by Trade Wars but Resilient to the Pandemic

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IndexBox has just published a new report: ‘U.S. Printed Circuit Assembly (Electronic Assembly) Market. Analysis And Forecast to 2025’. Here is a summary of the report’s key findings.

After two years of growth, the U.S. printed circuit assembly market decreased by -16.4% to $35.1B in 2019. The market value increased at an average annual rate of +2.9% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $41.9B in 2018, and then contracted markedly in the following year. This rapid decrease was caused b a plunge in printed circuit imports from China.

In terms of supplying countries, South Korea ($4.1B), Taiwan ($4.1B) and China ($3.4B) were the main suppliers of printed circuit assembly to the U.S., together accounting for 67% of total imports (IndexBox estimates). Imports from Taiwan recorded tangible growth in 2019, while supplies from China dropped dramatically in the last year. This went along a new round of trade confrontation between the U.S. and China when the U.S. tries to limit the influence of Chinese technology companies on the American market.

Printed circuit assembly production, meanwhile, amounted to $18.3B in 2019. The total output value increased at an average annual rate of +1.4% from 2013 to 2019. Despite the pandemic, preliminary data show that in the first half, cumulative revenues of electronic component manufacturers did not decline from the previous year. This could indicate that the printed circuit assemblies and microelectronics market, in general, will be more resilient to a pandemic than many other markets.

Printed circuit assemblies constitute integrated electronic systems containing various semiconductors and other elements mounted on printed circuit boards. Such systems are widely used in the production of electronic, computer, digital, video, audio and other types of apparatus, in the aerospace, industrial automation, telecommunications and many other areas.

Therefore, the key factor determining the development of the printed circuit assembly market is the dynamics of industrial manufacturing, which, in turn, depends on economic growth, employment and income of the population, and investments, which altogether reflect the overall GDP growth. In addition, the growth of the market is also shaped by the growing digitalization of the economy, the development of smart technology and the Internet of Things, as well as the rapid development of mobile communication networks and the expansion of their coverage.

According to the World Bank outlook from January 2020, the U.S. economy was expected to slow down to +1.7% per year in the medium term, hampered by increasing global uncertainty, the U.S.-China trade war, and slower global growth.

In early 2020, however, the global economy entered a period of the crisis caused by the COVID-19 epidemic, due to which most countries in the world put on halt production and transport activity. The result will be a drop in GDP relative to previous years and an unprecedented decline in oil prices.

The U.S. is struggling with a drastic short-term recession, with the expected contraction of GDP of approx. -6.1% in 2020, as the hit of the pandemic was harder than expected, and unemployment soared due to the shutdown and social isolation. The combination of tight financial conditions and uncertainty regarding the length of the pandemic and the possible bottom of the related economic drop, as well as high volatility of financial markets, disrupt capital investments in the immediate term, which may put a drag on the expansion of the printed circuit assembly market.

An additional serious risk for the medium-term recovery is the growth of geopolitical tensions in the world, especially between the United States and China, which are being drawn into a political confrontation on a wide range of issues. If sanctions and restrictions are tightened, it will hit global trade and worsen economic growth both in the United States and China and in many other countries involved in supply chains.

In addition to the development of electronics and the Internet of Things, the pandemic has triggered a surge in demand for mobile audio and video services, which will continue in the medium term. In addition, in the coming years, the active proliferation of 5G networks is expected to continue, which will give a new powerful impetus to the use of the Internet and the further development of smart devices. All of this will drive demand for printed circuit assemblies as they are key components of electronic engineering.

Taking into account the above, it is expected that in the medium term, as the economy recovers from the effects of the pandemic, the market is expected to grow gradually. Overall, market performance is forecast to expand with an anticipated CAGR of +0.9% for the period from 2019 to 2030, which is projected to bring the market volume to 374M units (or $38B) by the end of 2030.

Companies Mentioned in the Report

Sanmina Corporation, Jabil Circuit, Xilinx, Flextronics International USA, Electronic Assembly Corporation, Mercury Systems, Ttm Technologies, Benchmark Electronics, Jabil Circuit, IEC Electronics Corp., Sypris Solutions, Flextronics America, Plexus Corp., M C Test Service, Express Manufacturing, American Technical Ceramics Corp, Sigmatron International, Magna Electronics, Park Electrochemical Corp., Creation Technologies Wisconsin, Diamond Multimedia Systems, Viasystems Technologies Corp, Mid-South Industries, Hadco Corporation, Kimball Electronics, Smtc Manufacturing Corporation of California, Flextronics Holding USA, Logic Pd, Viasystems

Source: IndexBox AI Platform