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Global Tea Market Overcame $25B, Growing Robustly Over the Last Decade

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Archives, Global Trade Daily, News

Global Tea Market Overcame $25B, Growing Robustly Over the Last Decade

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

The global tea market revenue amounted to $25.9B in 2018, picking up by 7.7% 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). Overall, the total market indicated a strong growth from 2007 to 2018: its value increased at an average annual rate of +4.3% over that period. Global tea consumption peaked in 2018 and is likely to continue its growth in the immediate term.

Consumption By Country

China (2.3M tonnes) constituted the country with the largest volume of tea consumption, comprising approx. 35% of total volume. Moreover, tea consumption in China exceeded the figures recorded by the second-largest consumer, India (1.1M tonnes), twofold. Turkey (258K tonnes) ranked third in terms of total consumption with a 3.9% share.

From 2007 to 2018, the average annual growth rate of volume in China amounted to +9.2%. In the other countries, the average annual rates were as follows: India (+2.7% per year) and Turkey (+1.6% per year).

In value terms, China ($10.7B) led the market, alone. The second position in the ranking was occupied by India ($3.4B). It was followed by Turkey.

The countries with the highest levels of tea per capita consumption in 2018 were Kenya (4,903 kg per 1000 persons), Turkey (3,164 kg per 1000 persons) and Viet Nam (2,663 kg per 1000 persons).

Market Forecast 2019-2025

Driven by increasing demand for tea worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.9% for the period from 2018 to 2030, which is projected to bring the market volume to 9.3M tonnes by the end of 2030.

Production 2007-2018

Global tea production totaled 6.7M tonnes in 2018, surging by 5.5% against the previous year. The total output volume increased at an average annual rate of +4.3% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The general positive trend in terms of tea output was largely conditioned by a strong expansion of the harvested area and a relatively flat trend pattern in yield figures.

Production By Country

The countries with the highest volumes of tea production in 2018 were China (2.7M tonnes), India (1.4M tonnes) and Kenya (740K tonnes), together accounting for 71% of global production.

From 2007 to 2018, the most notable rate of growth in terms of tea production, amongst the main producing countries, was attained by China, while tea production for the other global leaders experienced more modest paces of growth.

Harvested Area 2007-2018

In 2018, approx. 4.2M ha of tea were harvested worldwide; picking up by 4% against the previous year. The harvested area increased at an average annual rate of +3.6% over the period from 2007 to 2018, which largely made the strong growth of tea production feasible.

Yield 2007-2018

In 2018, the global average tea yield stood at 1.6 tonne per ha, stabilizing at the previous year. Over the period under review, the tea yield continues to indicate a relatively flat trend pattern.

Exports 2007-2018

In 2018, the global tea exports stood at 2M tonnes, increasing by 4.1% against the previous year. The total export volume increased at an average annual rate of +1.4% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. In value terms, tea exports stood at $8.4B (IndexBox estimates) in 2018.

Exports by Country

The exports of the four major exporters of tea, namely Kenya, China, Sri Lanka and India, represented more than two-thirds of total export. The following exporters – Viet Nam (77K tonnes), Argentina (74K tonnes), Indonesia (49K tonnes), Malawi (43K tonnes) and the United Arab Emirates (34K tonnes) – together made up 14% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while exports for the other global leaders experienced more modest paces of growth.

In value terms, China ($1.7B), Sri Lanka ($1.6B) and Kenya ($1.4B) appeared to be the countries with the highest levels of exports in 2018, together accounting for 56% of global exports.

Export Prices by Country

The average tea export price stood at $4,134 per tonne in 2018, going up by 3.3% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +3.6%.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the United Arab Emirates ($8,419 per tonne), while Argentina ($1,254 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by China, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, the amount of tea imported worldwide amounted to 2M tonnes, rising by 3.6% against the previous year. The total import volume increased at an average annual rate of +1.4% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. In value terms, tea imports amounted to $7.7B (IndexBox estimates) in 2018.

Imports by Country

The imports of the twelve major importers of tea, namely Pakistan, Russia, the UK, the U.S., Egypt, Iran, the United Arab Emirates, Viet Nam, Germany, Saudi Arabia, Iraq and Poland, represented more than half of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Viet Nam (+50.2% per year), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Pakistan ($570M), Russia ($497M) and the U.S. ($487M) appeared to be the countries with the highest levels of imports in 2018, with a combined 20% share of global imports. The UK, Iran, Egypt, Saudi Arabia, the United Arab Emirates, Germany, Iraq, Viet Nam and Poland lagged somewhat behind, together comprising a further 31%.

Import Prices by Country

In 2018, the average tea import price amounted to $3,878 per tonne, jumping by 1.9% against the previous year. Over the last eleven years, it increased at an average annual rate of +3.3%.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Saudi Arabia ($6,921 per tonne), while Viet Nam ($2,062 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Egypt, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

cider
Archives, Global Trade Daily, Imports/Exports

Global Cider, Perry, and Mead Market – South Africa Has Overtaken South Korea as the World’s Largest Exporter

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IndexBox has just published a new report: ‘World – Cider, Perry, Mead And Other Fermented Beverages – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

South Africa has overtaken South Korea as the world’s largest exporter of cider, perry, mead and other fermented beverages. In 2018, shipments from each country amounted to approximately 108 million liters. South Korea has long been a world leader in cider exports, but its supply has been rapidly declining, and as a result, it has halved over the past five years. In contrast, South Africa, by offering products at the lowest prices, increased its shipments to other countries.

Global Trade of Cider, Perry, and Mead 2014-2018

In 2018, approx. 1.1B litres of cider, perry, mead and other fermented beverages were exported worldwide; coming down by -2.8% against the previous year. Over the period under review, cider, perry and mead exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 0.7% y-o-y. In that year, global cider, perry and mead exports reached their peak of 1.2B litres, and then declined slightly in the following year.

In value terms, cider, perry and mead exports stood at $1.5B (IndexBox estimates) in 2018.

Exports by Country

The countries with the highest levels of cider, perry and mead exports in 2018 were South Africa (108M litres), South Korea (108M litres), Sweden (102M litres), Germany (76M litres), Ireland (73M litres), the UK (66M litres), Belgium (59M litres), the Netherlands (53M litres), France (44M litres), Italy (41M litres), Lithuania (37M litres) and Japan (36M litres), together accounting for 71% of total export.

From 2014 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the UK, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the largest cider, perry and mead supplying countries worldwide were Japan ($210M), Sweden ($134M) and Italy ($112M), with a combined 30% share of global exports.

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

Export Prices by Country

In 2018, the average cider, perry and mead export price amounted to $1.3 per litre, growing by 7.8% against the previous year.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($5.8 per litre), while South Africa ($0.6 per litre) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox AI Platform

hydrogen peroxide
Archives, Global Trade Daily, Imports/Exports

Global Hydrogen Peroxide Market – India ($55M), Germany ($54M), and the U.S. ($48M) are the Most Promising Overseas Markets

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

The global hydrogen peroxide market revenue amounted to $3.2B in 2018, going up by 8% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2007 to 2018; however, the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The global hydrogen peroxide consumption peaked in 2018 and is expected to retain its growth in the near future.

Imports 2007-2018

In value terms, hydrogen peroxide imports totaled $823M (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +2.7% from 2007 to 2018.

Imports by Country

In 2018, Germany (153K tonnes), followed by Italy (100K tonnes), the U.S. (91K tonnes), India (88K tonnes) and Russia (87K tonnes) represented the major importers of hydrogen peroxide, together comprising 30% of total imports. The following importers – France (70K tonnes), the Netherlands (65K tonnes), Austria (62K tonnes), Taiwan (61K tonnes), Chile (47K tonnes), Mexico (47K tonnes) and Belgium (45K tonnes) – together made up 23% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Italy, while imports for the other global leaders experienced more modest paces of growth.

In value terms, India ($55M), Germany ($54M) and the U.S. ($48M) appeared to be the countries with the highest levels of imports in 2018, with a combined 19% share of global imports.

Import Prices by Country

The average hydrogen peroxide import price stood at $483 per tonne in 2018, picking up by 4.2% against the previous year. In general, the hydrogen peroxide import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the average import price increased by 5.7% year-to-year. In that year, the average import prices for hydrogen peroxide reached their peak level of $535 per tonne. From 2009 to 2018, the growth in terms of the average import prices for hydrogen peroxide remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was India ($619 per tonne), while Austria ($315 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

textile
Archives, Global Trade Daily, News

Nonwoven Textile Market in Asia Amounted to $16.1B

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

The revenue of the nonwoven textile market in Asia amounted to $16.1B in 2018, increasing by 3.9% against the previous year.

Consumption By Country in Asia

In value terms, China ($7.8B) led the market, alone. The second position in the ranking was occupied by Japan ($1.4B). It was followed by Indonesia.

The countries with the highest levels of nonwoven textile per capita consumption in 2018 were Saudi Arabia (4.28 square meters per person), South Korea (4.21 square meters per person) and Japan (3.37 square meters per person).

From 2014 to 2018, the most notable rate of growth in terms of nonwoven textile per capita consumption, amongst the main consuming countries, was attained by India, while nonwoven textile per capita consumption for the other leaders experienced more modest paces of growth.

Market Forecast to 2019-2030

Driven by increasing demand for nonwoven textile in Asia, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.1% for the period from 2018 to 2030, which is projected to bring the market volume to 5.3B square meters by the end of 2030.

Exports in Asia

In 2018, Asia’s nonwoven textile exports stood at $6.6B (IndexBox estimates). The total export value increased at an average annual rate of +5.5% from 2014 to 2018; however, the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2018 with an increase of 13% y-o-y. In that year, nonwoven textile exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

China represented the key exporter of nonwoven textiles in Asia, with the volume of exports resulting at 1B square meters, which was approx. 53% of total exports in 2018. Turkey (211M square meters) took the second position in the ranking, followed by Taiwan, Chinese (110M square meters). All these countries together held near 17% share of total exports. The following exporters – Thailand (81M square meters), Malaysia (75M square meters), Japan (71M square meters), Israel (71M square meters), Saudi Arabia (70M square meters), South Korea (60M square meters), China, Hong Kong SAR (55M square meters) and India (55M square meters) – together made up 28% of total exports.

Exports from China increased at an average annual rate of +11.9% from 2014 to 2018. At the same time, Saudi Arabia (+24.5%), Turkey (+17.6%), India (+15.6%), Thailand (+12.2%), Malaysia (+7.1%), China, Hong Kong SAR (+6.8%), Japan (+6.1%) and Taiwan, Chinese (+4.3%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +24.5% from 2014-2018. Israel experienced a relatively flat trend pattern. By contrast, South Korea (-5.4%) illustrated a downward trend over the same period. While the share of China (+19 p.p.), Turkey (+5.2 p.p.), Saudi Arabia (+2.1 p.p.) and Thailand (+1.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($3.1B) remains the largest nonwoven textile supplier in Asia, comprising 46% of total nonwoven textile exports. The second position in the ranking was occupied by Japan ($768M), with a 12% share of total exports. It was followed by Turkey, with a 9% share.

Export Prices by Country

The nonwoven textile export price in Asia stood at $3.4 per square meter in 2018, approximately mirroring the previous year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Japan ($11 per square meter), while Saudi Arabia ($1.5 per square meter) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by Israel, while the other leaders experienced mixed trends in the export price figures.

Imports in Asia

Asia’s nonwoven textile imports amounted to $4.8B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +3.9% from 2014 to 2018; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2018 with an increase of 8.8% against the previous year. In that year, nonwoven textile imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, Japan (268M square meters), distantly followed by China (144M square meters), South Korea (129M square meters), Viet Nam (122M square meters) and India (77M square meters) represented the largest importers of nonwoven textiles, together mixing up 62% of total imports. The following importers – Indonesia (53M square meters), Turkey (49M square meters), Pakistan (42M square meters), Thailand (37M square meters), Saudi Arabia (35M square meters), Malaysia (31M square meters) and Taiwan, Chinese (27M square meters) – together made up 23% of total imports.

From 2014 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Pakistan, while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($905M), Japan ($858M) and Viet Nam ($525M) constituted the countries with the highest levels of imports in 2018, with a combined 47% share of total imports. South Korea, Indonesia, India, Turkey, Thailand, Malaysia, Taiwan, Chinese, Saudi Arabia and Pakistan lagged somewhat behind, together accounting for a further 37%.

Import Prices by Country

The nonwoven textile import price in Asia stood at $4.1 per square meter in 2018, approximately mirroring the previous year.

Prices varied noticeably by the country of destination; the country with the highest price was China ($6.3 per square meter), while Pakistan ($1.9 per square meter) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

belt
Archives, Global Trade Daily, Imports/Exports

EU’s Belt and Bandolier Imports Bounced Back to $817M in 2018

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

The belt and bandolier market size in the EU is estimated at $711M in 2018, an increase of 1.5% 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).

Overall, belt and bandolier consumption continues to indicate a moderate shrinkage. The pace of growth was the most pronounced in 2014 when the market value increased by 6.2% y-o-y. The level of belt and bandolier consumption peaked at $858M in 2009; however, from 2010 to 2018, consumption remained at a lower figure.

Consumption by Country

Germany ($123M), France ($109M) and the UK ($95M) were the largest markets for belts and bandoliers, together accounting for 46% of the EU market. These countries were followed by Italy, Spain, Portugal, Austria, Romania, the Netherlands, Sweden, Belgium and the Czech Republic, which together accounted for a further 46%.

Imports in the EU

In 2018, EU’s belt and bandolier imports stood at $817M (IndexBox estimates). The total import value increased at an average annual rate of +1.7% over the last decade; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when imports increased by 14% against the previous year. Over the period under review, belt and bandolier imports reached their peak figure at $829M in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In value terms, the largest belt and bandolier importing markets in the European Union were Germany ($173M), France ($161M) and the UK ($122M), with a combined 56% share of total imports.

The UK experienced the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the belt and bandolier import price in the European Union amounted to $47,531 per tonne, jumping by 3.8% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the UK ($59,224 per tonne), while Belgium ($28,562 per tonne) was amongst the lowest.

Source: IndexBox AI Platform

tea
Archives, Global Trade Daily, Imports/Exports

Asia’s Market for Tea Extracts, Essences, and Concentrates Has Skyrocketed Over the Past Five Years

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IndexBox has just published a new report: ‘Asia – Extracts, Essences And Concentrates Of Tea Or Mate – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The market for tea extracts, essences and concentrates in Asia rose by 10% and reached $2.8B in 2018. The market size increased at an average annual rate of +10.3% from 2014 to 2018. The level of extracts of tea consumption peaked in 2018 and is likely to see steady growth in the immediate term.

Exports in Asia

In 2018, the exports of extracts, essences and concentrates of tea or mate in Asia stood at 51K tonnes, rising by 7.6% against the previous year.

In value terms, extracts of tea exports amounted to $335M (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +4.3% over the period from 2014 to 2018; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 14% y-o-y. In that year, extracts of tea exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, China (13K tonnes), distantly followed by Malaysia (8.3K tonnes), India (7.8K tonnes), Thailand (5.8K tonnes), Taiwan, Chinese (4.2K tonnes), Sri Lanka (2.9K tonnes) and South Korea (2.5K tonnes) represented the main exporters of extracts, essences and concentrates of tea or mate, together making up 86% of total exports.

From 2014 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by South Korea, while exports for the other leaders experienced more modest paces of growth.

In value terms, China ($137M) remains the largest extracts of tea supplier in Asia, comprising 41% of total extracts of tea exports. The second position in the ranking was occupied by India ($53M), with a 16% share of total exports. It was followed by Malaysia, with a 9% share.

Export Prices by Country

In 2018, the extracts of tea export price in Asia amounted to $6,536 per tonne, jumping by 6% against the previous year.

Prices varied noticeably by the country of origin; the country with the highest price was China ($10,864 per tonne), while Taiwan, Chinese ($2,746 per tonne) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced more modest paces of growth.

Imports in Asia

The imports stood at 42K tonnes in 2018, increasing by 4.1% against the previous year. In value terms, extracts of tea imports amounted to $315M (IndexBox estimates) in 2018. The total imports indicated a strong expansion from 2014 to 2018: its value increased at an average annual rate of +4.9% over the last five-year period.

Imports by Country

The Philippines (4.9K tonnes), China, Hong Kong SAR (3.8K tonnes), Indonesia (3.2K tonnes), Singapore (3K tonnes), Japan (3K tonnes), the United Arab Emirates (2.6K tonnes), Kazakhstan (2.1K tonnes), Malaysia (1.8K tonnes), Turkey (1.7K tonnes), Myanmar (1.6K tonnes), Taiwan, Chinese (1.6K tonnes) and South Korea (1.6K tonnes) represented roughly 73% of total imports of extracts, essences and concentrates of tea or mate in 2018.

From 2014 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Turkey, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest extracts of tea importing markets in Asia were Hong Kong  ($34M), Japan ($29M) and Turkey ($24M), with a combined 28% share of total imports.

Import Prices by Country

The extracts of tea import price in Asia stood at $7,413 per tonne in 2018, going up by 2.3% against the previous year.

Prices varied noticeably by the country of destination; the country with the highest price was Turkey ($13,953 per tonne), while the Philippines ($3,442 per tonne) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by Turkey, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

needles
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Global Needles And Catheters Market 2020 – Key Insights

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

The global needles and catheters market size reached $32.4B in 2018, picking up by 7.3% against the previous year. The market value increased at an average annual rate of +4.8% from 2009 to 2018. Over the period under review, the global needles and catheters market reached its peak figure level in 2018 and is likely to see steady growth in the near future.

Global Trade of Needles And Catheters 2009-2018

In value terms, needles and catheters exports totaled $32B (IndexBox estimates) in 2018. In general, the total exports indicated a remarkable increase from 2009 to 2018: its value increased at an average annual rate of +2.4% over the last decade. Based on 2018 figures, needles and catheters exports increased by +28.1% against 2016 indices. The pace of growth was the most pronounced in 2012 when exports increased by 18% y-o-y.

Exports by Country

In value terms, the U.S. ($7.1B), the Netherlands ($4.4B) and Ireland ($3.9B) constituted the countries with the highest levels of exports in 2018, together comprising 48% of global exports. These countries were followed by Mexico, Germany, Belgium, Costa Rica, China, Malaysia, the UK, Hungary and Poland, which together accounted for a further 36%.

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

Imports by Country

The largest needles and catheters importing markets worldwide were the U.S. ($5.4B), the Netherlands ($3.4B) and Germany ($2.3B), with a combined 39% share of global imports. These countries were followed by Japan, China, Belgium, France, the UK, Italy, Mexico, Spain and South Korea, which together accounted for a further 33%.

In terms of the main importing countries, China experienced the highest growth rate of the value of imports, over the period under review, while imports for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average needles and catheters import price amounted to $54,311 per tonne, jumping by 2.8% against the previous year. Over the period from 2009 to 2018, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2016 when the average import price increased by 67% against the previous year. The global import price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the Netherlands ($149,780 per tonne), while South Korea ($33,777 per tonne) was amongst the lowest.

From 2009 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

soap
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Africa’s Liquid Soap and Washing Preparation Market to Expand Robustly, Driven by Growing Demand Due to the COVID-19 Pandemic

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IndexBox has just published a new report: ‘Africa – Organic Surface-Active Products For Washing The Skin – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

According to the IndexBox study, consumption of organic surface-active products and preparations for washing the skin has nearly doubled over the past decade, due to population growth and rising middle-class incomes. In addition, urbanization had a positive effect. In 2018, the revenue of the skin organic surface-active products market in Africa was estimated at $1.2B, an increase of 2.5% y-o-y. Experts expect that the demand for liquid soap and other detergents will increase significantly in the near future due to the coronavirus pandemic.

Consumption by Country in Africa

The countries with the highest volumes of skin organic surface-active products consumption in 2018 were Nigeria (148K tonnes), Egypt (104K tonnes) and South Africa (73K tonnes), with a combined 80% share of total consumption. Somalia, Mali, Sierra Leone and Algeria lagged somewhat behind, together accounting for a further 15%.

From 2007 to 2018, the most notable rate of growth in terms of skin organic surface-active products consumption, amongst the main consuming countries, was attained by Algeria, while consumption for the other leaders experienced more modest paces of growth.

Exports in Africa

In 2018, the exports of organic surface-active products for washing the skin in Africa totaled 7.7K tonnes, picking up by 13% against the previous year. Overall, skin organic surface-active products exports continue to indicate a strong expansion.

In value terms, skin organic surface-active products exports stood at $18M (IndexBox estimates) in 2018.

Exports by Country

South Africa ($14M) remains the largest skin organic surface-active products supplier in Africa, comprising 77% of total skin organic surface-active products exports. The second position in the ranking was occupied by Egypt ($1.8M), with a 9.9% share of total exports.

In South Africa, skin organic surface-active products exports increased at an average annual rate of +16.7% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Egypt (+5.0% per year) and Nigeria (+82.4% per year).

Export Prices by Country

In 2018, the skin organic surface-active products export price in Africa amounted to $2,366 per tonne, leveling off at the previous year. Over the period under review, the skin organic surface-active products export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 an increase of 19% y-o-y. The level of export price peaked at $3,395 per tonne in 2009; however, from 2010 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Egypt ($4,116 per tonne), while South Africa ($2,177 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Egypt, while the other leaders experienced mixed trends in the export price figures.

Imports in Africa

In 2018, the skin organic surface-active products imports in Africa totaled 37K tonnes, picking up by 21% against the previous year. In general, skin organic surface-active products imports continue to indicate a buoyant increase.

In value terms, skin organic surface-active products imports amounted to $101M (IndexBox estimates) in 2018.

Imports by Country

Algeria ($24M), South Africa ($21M) and Morocco ($9.3M) appeared to be the countries with the highest levels of imports in 2018, with a combined 54% share of total imports. Botswana, Libya, Angola, Namibia, Tunisia, Egypt, Mauritius, Ghana and Zimbabwe lagged somewhat behind, together comprising a further 30%.

In terms of the main importing countries, Zimbabwe experienced the highest growth rate of the value of imports, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the skin organic surface-active products import price in Africa amounted to $2,686 per tonne, approximately mirroring the previous year. There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Algeria ($3,545 per tonne), while Zimbabwe ($1,468 per tonne) was amongst the lowest.

Source: IndexBox AI Platform

nitrogenous fertilizer
Archives, Global Trade Daily, News

Nitrogenous Fertilizer Market in Asia-Pacific – China Remains the Largest Supplier in the Region, with 62% of Total Exports

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IndexBox has just published a new report: ‘Asia-Pacific – Nitrogenous Fertilizers (Mineral Or Chemical) – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The revenue of the nitrogenous fertilizer market in Asia-Pacific amounted to $30B in 2018, growing by 6.1% 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).

Exports in Asia-Pacific

In 2018, the amount of nitrogenous fertilizers (mineral or chemical) exported in Asia-Pacific amounted to 15M tonnes, an increase of 8% against the previous year. Over the period under review, nitrogenous fertilizer exports, however, continue to indicate a slight deduction. The pace of growth was the most pronounced in 2014 when exports increased by 35% against the previous year. The volume of exports peaked at 24M tonnes in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, nitrogenous fertilizer exports stood at $3.4B (IndexBox estimates) in 2018.

Exports by Country

China represented the major exporter of nitrogenous fertilizers (mineral or chemical) in Asia-Pacific, with the volume of exports accounting for 10M tonnes, which was near 66% of total exports in 2018. Malaysia (1.8M tonnes) held the second position in the ranking, followed by Indonesia (1.2M tonnes) and South Korea (0.9M tonnes). All these countries together took approx. 25% share of total exports. Taiwan, Chinese (471K tonnes) and Japan (303K tonnes) held a little share of total exports.

Exports from China decreased at an average annual rate of -3.0% from 2013 to 2018. At the same time, Taiwan, Chinese (+15.2%), Malaysia (+11.6%) and South Korea (+1.6%) displayed positive paces of growth. Moreover, Taiwan emerged as the fastest-growing exporter in Asia-Pacific, with a CAGR of +15.2% from 2013-2018. By contrast, Indonesia (-5.2%) and Japan (-12.2%) illustrated a downward trend over the same period. Malaysia (+4.9 p.p.) and Taiwan, Chinese (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Japan, Indonesia and China saw its share reduced by -1.8%, -2.3% and -11% from 2013 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($2.1B) remains the largest nitrogenous fertilizer supplier in Asia-Pacific, comprising 62% of total nitrogenous fertilizer exports. The second position in the ranking was occupied by Malaysia ($493M), with a 15% share of total exports. It was followed by Indonesia, with a 9.8% share.

Export Prices by Country

The nitrogenous fertilizer export price in Asia-Pacific stood at $218 per tonne in 2018, increasing by 2.7% against the previous year.

Prices varied noticeably by the country of origin; the country with the highest price was Indonesia ($283 per tonne), while Taiwan ($110 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced a decline in the export price figures.

Imports in Asia-Pacific

The imports totaled 23M tonnes in 2018, jumping by 10% against the previous year. Over the period under review, nitrogenous fertilizer imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 11% against the previous year. In that year, nitrogenous fertilizer imports reached their peak of 26M tonnes. From 2016 to 2018, the growth of nitrogenous fertilizer imports failed to regain its momentum.

In value terms, nitrogenous fertilizer imports amounted to $5.7B (IndexBox estimates) in 2018.

Imports by Country

India represented the key importer of nitrogenous fertilizers (mineral or chemical) in Asia-Pacific, with the volume of imports resulting at 6.2M tonnes, which was near 27% of total imports in 2018. Australia (2.8M tonnes) ranks second in terms of the total imports with a 12% share, followed by Thailand (11%), the Philippines (7.7%), Viet Nam (7.2%), Indonesia (6.6%) and Malaysia (5.7%). South Korea (868K tonnes), New Zealand (804K tonnes), Bangladesh (764K tonnes), Myanmar (693K tonnes) and Japan (536K tonnes) followed a long way behind the leaders.

From 2013 to 2018, average annual rates of growth with regard to nitrogenous fertilizer imports into India stood at -6.9%. At the same time, Myanmar (+24.8%), the Philippines (+12.7%), Japan (+8.7%), Indonesia (+6.8%), Australia (+4.3%), New Zealand (+1.3%) and Bangladesh (+1.1%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer in Asia-Pacific, with a CAGR of +24.8% from 2013-2018. South Korea and Thailand experienced a relatively flat trend pattern. By contrast, Malaysia (-1.8%) and Viet Nam (-4.2%) illustrated a downward trend over the same period. While the share of the Philippines (+3.5 p.p.), Australia (+2.3 p.p.), Myanmar (+2 p.p.) and Indonesia (+1.8 p.p.) increased significantly in terms of the total imports from 2013-2018, the share of Viet Nam (-1.7 p.p.) and India (-11.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($1.7B) constitutes the largest market for imported nitrogenous fertilizers (mineral or chemical) in Asia-Pacific, comprising 30% of total nitrogenous fertilizer imports. The second position in the ranking was occupied by Thailand ($744M), with a 13% share of total imports. It was followed by Australia, with a 11% share.

Import Prices by Country

In 2018, the nitrogenous fertilizer import price in Asia-Pacific amounted to $247 per tonne, picking up by 11% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was South Korea ($318 per tonne), while Indonesia ($162 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

acetone
Archives, Global Trade Daily, Imports/Exports

Turkey Constitutes the Biggest Market for Imported Acetone in the Middle East

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

Exports in the Middle East

In 2018, acetone exports stood at $125M (IndexBox estimates). Overall, acetone exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2017 when exports more than doubled against the previous year. The level of exports peaked in 2018 and are likely to continue its growth in the near future.

Exports by Country

Saudi Arabia ($124M) represented roughly 99% of total exports of acetone in 2018.

Saudi Arabia was also the fastest-growing in terms of the acetone exports, with a CAGR of +16.6%% from 2013 to 2018. This country significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

Imports in the Middle East

In value terms, acetone imports stood at $37M (IndexBox estimates) in 2018. In general, acetone imports, however, continue to indicate a deep decrease. The pace of growth appeared the most rapid in 2017 with an increase of 39% against the previous year. The level of imports peaked at $66M in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

Turkey ($22M) constitutes the largest market for imported acetone in the Middle East, comprising 58% of total acetone imports. The second position in the ranking was occupied by Iran ($4.3M), with a 12% share of total imports. It was followed by Israel, with a 11% share.

Import Prices by Country

The acetone import price in the Middle East stood at $737 per tonne in 2018.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Iran ($972 per tonne), while the United Arab Emirates ($561 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Iran, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform