The World’s Best Import Markets for Granite Building Stone

December 29th, 2023 IndexBox Leave a comment

The global granite building stone market is experiencing significant growth, driven by the increasing demand for aesthetically pleasing, durable, and versatile building materials. With its unique blend of elegance and durability, granite has become a popular choice for various construction projects worldwide. This article will explore the world’s best import markets for granite building stone, backed by data from the IndexBox market intelligence platform.

1. United States

The United States tops the list as the world’s largest importer of granite building stone. In 2022, the country imported granite building stone worth a staggering $892.1 million. The demand for granite in the United States is driven by its use in residential and commercial construction projects, including countertops, flooring, and facades.

2. South Korea

South Korea holds the second position in terms of import value, with imports of granite building stone totaling $501.6 million in 2022. The South Korean market’s demand for granite is primarily attributed to its use in the construction of public infrastructure, road paving, and landscaping projects.

3. Japan

Japan follows closely behind South Korea, importing $368.7 million worth of granite building stone in 2022. The country’s construction industry drives the demand for granite, as it is widely used in residential and commercial projects, including monuments, external cladding, and interior decoration.

4. Germany

Germany ranks fourth on the list, importing $333.6 million worth of granite building stone in 2022. The German market’s demand for granite is mainly driven by its use in indoor and outdoor applications, such as countertops, wall claddings, and pavements. The country’s focus on sustainable construction practices further fuels the demand for environmentally friendly granite building stone.

5. Vietnam

Vietnam is another significant import market for granite building stone, with imports reaching $158.1 million in 2022. The country’s construction industry is rapidly growing, fueled by urbanization and infrastructure development projects. Granite is widely used in Vietnam for flooring, wall cladding, and exterior decoration, driving the import demand.

6. France

France ranks sixth on the list of top import markets for granite building stone, with imports valued at $120.3 million in 2022. The French market’s demand for granite is driven by its use in construction projects, including historical building restorations, urban development, and high-end interior design.

7. Mexico

Mexico is another significant player in the granite building stone import market, importing $112.1 million worth of granite in 2022. The country’s construction industry, infrastructure projects, and growing tourism sector contribute to the demand for granite building stone.

8. Poland

Poland holds the eighth position, importing $110.6 million worth of granite building stone in 2022. The construction industry’s growth, driven by residential and commercial projects, propels the demand for granite in Poland. Granite is extensively used for cladding, paving, and decorative elements.

9. Switzerland

Switzerland imports $97.7 million worth of granite building stone, securing the ninth spot on the list. The demand for granite in Switzerland is fueled by its use in premium construction and interior design projects, including high-end homes, hotels, and luxury retail spaces.

10. United Kingdom

The United Kingdom completes the top ten import markets for granite building stone, with imports valued at $88.5 million in 2022. The British construction industry’s demand for granite is primarily driven by its use in architectural and interior design projects, including monuments, sculptures, and flooring.

In conclusion, the global demand for granite building stone continues to rise, with various countries driving the import market. The United States stands at the top, followed by South Korea, Japan, and Germany. Vietnam, France, Mexico, Poland, Switzerland, and the United Kingdom complete the list of the world’s best import markets for granite building stone. These countriesconstruction industries, infrastructure projects, and interior design trends greatly contribute to the increasing demand for granite building stone.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, Market insight

Top Import Markets for Passenger Cars

December 28th, 2023 IndexBox Leave a comment

In the global automotive industry, passenger cars are a sought-after commodity that drives economic growth and offers convenience and mobility to individuals and businesses alike. As different countries have varying demands and regulations, the import market plays a crucial role in meeting the needs of consumers around the world. In this article, we will explore the top import markets for passenger cars, their key statistics, and the significant players in these markets.

1. United States

The United States is the largest import market for passenger cars, with an import value of $166.0 billion USD in 2022. The country’s sizeable population and high per capita income contribute to the strong demand for cars from international manufacturers. Additionally, the United States has diverse transportation needs, with individuals and businesses relying heavily on personal vehicles. This demand, coupled with the ease of importing cars due to well-established trade networks, makes it an attractive market for international car manufacturers.

2. Germany

Germany follows closely as the second-largest import market for passenger cars, with an import value of $68.5 billion USD in 2022. As the home of renowned automobile manufacturers such as BMW, Volkswagen, and Mercedes-Benz, Germany exhibits a strong domestic demand for cars. However, the import market plays a crucial role in filling the gaps and satisfying the preferences of consumers who seek a wider range of vehicle options. The country’s open trade policies and strong transportation infrastructure facilitate the importation of passenger cars from various countries, making it a significant player in the global import market.

3. China

China, the world’s most populous country, is also among the top import markets for passenger cars. In 2022, China’s import value for passenger cars amounted to $53.8 billion USD. As the Chinese economy continues to grow and urbanization contributes to increased car ownership, the demand for passenger cars from international manufacturers remains robust. Furthermore, the Chinese government has implemented policies to motivate consumers to purchase environmentally-friendly vehicles, making the import market an important avenue for meeting these demands.

4. United Kingdom

The United Kingdom ranks fourth in the global import market for passenger cars, with an import value of $44.0 billion USD in 2022. The popularity of car leasing and private ownership contribute to the import demand. As the UK is a right-hand drive market, importing vehicles from countries with right-hand drive manufacturing capabilities like Japan is necessary to meet local preferences. Additionally, the country houses several luxury car brands, which further drives the import market for high-end passenger cars.

5. France

France holds the fifth position in the global import market for passenger cars, with an import value of $37.3 billion USD in 2022. The country’s automotive industry is renowned for its quality and innovation, with popular brands such as Peugeot, Renault, and Citroen. However, the import market offers consumers a wider range of options from international manufacturers. France’s strong transportation infrastructure and well-connected trade networks facilitate the entry of imported passenger cars into the market, meeting the demands of consumers seeking diversity in their vehicle choices.

6. Belgium

With an import value of $34.5 billion USD in 2022, Belgium holds a significant position in the global import market for passenger cars. The country is strategically located at the crossroads of Europe, making it an ideal transit point for international trade. Furthermore, Belgium has a well-developed transportation infrastructure that facilitates the movement of imported passenger cars to other European countries. These factors contribute to the country’s role as a key player in the European import market for passenger cars.

7. Canada

Canada ranks seventh among the top import markets for passenger cars, with an import value of $32.5 billion USD in 2022. The country’s large land area and dispersed population create a significant reliance on personal vehicles for transportation. As a result, the import market plays a crucial role in ensuring a diverse selection of passenger cars to meet the needs and preferences of Canadian consumers. Canada’s trade agreements and well-established border infrastructure facilitate the easy entry of imported cars into the country.

8. Italy

Italy is another prominent player in the global import market for passenger cars, with an import value of $25.5 billion USD in 2022. The country’s automotive industry is known for its iconic sports car brands such as Ferrari and Lamborghini. However, the import market provides consumers with a wider range of options from various international manufacturers. Italy’s strong transportation links, including well-developed roads and ports, ensure the smooth movement of imported passenger cars, making it an attractive market for car manufacturers.

9. Australia

Australia’s import market for passenger cars is valued at $19.8 billion USD in 2022, ranking ninth globally. While the country has a small population compared to other major markets, Australians exhibit a strong affinity for cars and value a wide range of options. The import market allows consumers to access vehicles from international manufacturers and satisfy their preferences for different makes and models. Australia’s robust transportation infrastructure supports the movement of imported vehicles across the vast distances of the continent, ensuring a steady supply for the local market.

10. Spain

Spain concludes the list of top import markets for passenger cars with an import value of $17.3 billion USD in 2022. The country’s automotive industry is well-established, with renowned brands such as SEAT and Volkswagen’s subsidiary plant. However, the import market remains crucial in meeting the diverse demands of consumers seeking international vehicle options. Spain’s well-connected transportation networks and favorable geographic location provide convenient entry points for imported passenger cars into the Iberian Peninsula and the wider European market.

This information is compiled using data from the IndexBox market intelligence platform. IndexBox provides comprehensive and reliable data on various industries and markets, empowering businesses and researchers with valuable insights.

In conclusion, the world’s best import markets for passenger cars offer opportunities for international manufacturers to meet the diverse demands of consumers worldwide. Countries such as the United States, Germany, China, and the United Kingdom, among others, exhibit strong import markets driven by factors such as population size, purchasing power, and infrastructure. Understanding these key import markets is essential for businesses seeking to expand their presence and cater to the preferences of consumers in different regions.

Source: IndexBox Market Intelligence Platform

Global Trade Daily

Best Import Markets for Hot-Rolled Steel Products

December 27th, 2023 IndexBox Leave a comment

The import market for hot-rolled steel products has been thriving in recent years, with several countries emerging as major players in this space. This article delves into the top import markets for hot-rolled steel products, providing key statistics and highlighting the countries that dominate this market. The data used for this analysis is sourced from the IndexBox market intelligence platform, which provides comprehensive and up-to-date information on global trade.

1. Vietnam: A Rising Star in Hot-Rolled Steel Imports

Vietnam is one of the leading importers of hot-rolled steel products, importing a staggering 8.0 billion USD worth of these products in 2022. The country’s strong demand for steel can be attributed to its booming construction and manufacturing sectors. With rapid urbanization and industrialization, Vietnam has witnessed a significant increase in infrastructure projects, which has fueled the demand for hot-rolled steel products.

2. Italy and Germany: European Powerhouses in Hot-Rolled Steel

Imports Italy and Germany are two prominent players in the import market for hot-rolled steel products. Both countries recorded an import value of 8.0 billion USD in 2022, indicating their strong demand for these products. Italy, in particular, has a thriving steel industry and serves as a key hub for trade within Europe. Germany, with its robust manufacturing sector, relies heavily on imported steel to meet its industrial needs.

3. Turkey: Striving for Steady Growth in Hot-Rolled Steel Imports

Turkey is another key player in the global hot-rolled steel import market, with an import value of 6.0 billion USD in 2022. The country has been making significant strides in expanding its steel industry, with investments in new production facilities and technology. Turkey’s strategic geographic location and well-developed transportation infrastructure make it an ideal hub for steel trade, attracting imports from various countries.

4. The United States and South Korea: Import Giants in the Hot-Rolled Steel Market

The United States and South Korea are major importers of hot-rolled steel products, with import values of 5.7 billion USD and 5.1 billion USD respectively in 2022. These countries have robust manufacturing sectors and a high demand for steel products. While the United States relies on imports to meet its domestic demand, South Korea also serves as an important regional hub for steel trade within Asia.

5. France, Poland, and Others: Solid Players in the Hot-Rolled Steel

Market France and Poland are solid players in the import market for hot-rolled steel products, with import values of 4.2 billion USD and 4.0 billion USD respectively in 2022. These countries have diverse industries that heavily rely on steel, including automotive, construction, and machinery manufacturing. In addition to these countries, Thailand and Spain have also established themselves as significant import markets for hot-rolled steel products, with import values of 3.9 billion USD and 3.8 billion USD respectively in 2022.

The import market for hot-rolled steel products is dynamic and constantly evolving. These key statistics highlight the countries that dominate this market, showcasing their strong demand for steel products and their pivotal role in global trade. The IndexBox market intelligence platform provides invaluable insights into these import markets, allowing businesses to make informed decisions and capitalize on emerging opportunities.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, United states news

Import of Snack Food in United States Surges to $85M in October 2023

December 26th, 2023 IndexBox Leave a comment

U.S. Snack Food Imports

In October 2023, approximately 18K tons of snack food were imported into the United States; increasing by 6.9% on September 2023 figures. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when imports increased by 19% month-to-month.

In value terms, snack food imports rose to $85M (IndexBox estimates) in October 2023. The total import value increased at an average monthly rate of +1.5% over the period from October 2022 to October 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in May 2023 with an increase of 18% month-to-month.

Imports by Country

In October 2023, Mexico (10K tons) constituted the largest snack food supplier to the United States, with a 55% share of total imports. Moreover, snack food imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (4.4K tons), twofold. India (834 tons) ranked third in terms of total imports with a 4.5% share.

From October 2022 to October 2023, the average monthly growth rate of volume from Mexico was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Canada (+1.7% per month) and India (+2.0% per month).

In value terms, Mexico ($41M), Canada ($26M) and India ($2.7M) constituted the largest snack food suppliers to the United States, together accounting for 82% of total imports.

Among the main suppliers, Canada, with a CAGR of +2.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Imports by Type

From January 2022 to August 2022, the average monthly rate of growth in terms of the volume of import of No country was relatively modest.

From January 2022 to August 2022, the average monthly rate of growth in terms of the import volume of No country was relatively modest.

Import Prices by Country

In October 2023, the snack food price stood at $4,579 per ton (CIF, US), dropping by -2.7% against the previous month. Overall, the import price, however, recorded a modest increase. The pace of growth appeared the most rapid in July 2023 an increase of 8.2% against the previous month. As a result, import price reached the peak level of $4,808 per ton. From August 2023 to October 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Canada ($5,935 per ton), while the price for the Philippines ($2,663 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Mexico (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, Imports/Exports

The World’s Best Import Markets for Propene

December 25th, 2023 IndexBox Leave a comment

Propene, also known as propylene, is a widely used chemical compound that serves as a key building block in the production of various plastic and chemical products. As a result, there is a significant global demand for propene, and several import markets have emerged as major players in the trade of this essential chemical.

In this article, we will explore the world’s best import markets for propene, highlighting key statistics and import values for each country. The data used in this analysis is sourced from the IndexBox market intelligence platform, a valuable resource for business professionals looking to gain insights into global import-export trends.

1. China

China stands out as the world’s largest import market for propene, with an import value of $2.4 billion in 2022. The country’s rapid industrialization and growing demand for plastic and chemical products have contributed to this significant import volume. China’s propene imports primarily come from countries like Germany, Belgium, and the Netherlands.

2. Germany

Germany holds the second position in terms of propene import value, with $860.6 million in 2022. The country’s robust manufacturing sector and extensive chemical industry drive the demand for propene. Germany relies heavily on imports to meet its propene requirements, with major suppliers including Belgium, the Netherlands, and France.

3. Belgium

Belgium secures the third spot on our list, with an import value of $834.1 million in 2022. The country’s strategic location and well-established transportation infrastructure make it a prime import destination for propene. Belgium’s propene imports primarily come from Germany, the Netherlands, and France.

4. Netherlands

The Netherlands ranks fourth in terms of propene import value, with an estimated import value of $714.0 million in 2022. The country’s robust refining and petrochemical industry contribute to its significant propene imports. The major suppliers of propene to the Netherlands include Germany, Belgium, and France.

5. France

France occupies the fifth position in the list, with an import value of $491.9 million in 2022. The country’s diverse industrial sector, including the automotive, electronics, and chemicals industries, drives the demand for propene. While France imports propene from various countries, its major suppliers are Germany, Belgium, and the Netherlands.

6. Colombia

Colombia emerges as a significant import market for propene, with an import value of $408.9 million in 2022. The country’s increasing industrial development and growing demand for plastic products contribute to its propene imports. Colombia primarily imports propene from the United States and other North American countries.

7. Taiwan (Chinese)

Taiwan holds the seventh position on our list, with an import value of $199.4 million in 2022. The country’s rapidly expanding chemical industry and high demand for plastic products drive its propene imports. Major suppliers of propene to Taiwan include South Korea, Japan, and the United States.

8. Indonesia

Indonesia emerges as another key import market for propene, with an import value of $191.5 million in 2022. The country’s growing manufacturing sector and expanding chemical industry contribute to its propene imports. Indonesia primarily imports propene from Singapore, Malaysia, and South Korea.

9. Mexico

Mexico secures the ninth position on our list, with an import value of $177.6 million in 2022. The country’s flourishing automotive industry and other manufacturing sectors fuel the demand for propene. Mexico imports propene primarily from the United States, Canada, and Spain.

10. Poland

Poland completes our list of the world’s best import markets for propene, with an import value of $170.5 million in 2022. The country’s growing chemical industry and increasing demand for plastic products contribute to its propene imports. Poland primarily imports propene from countries like Germany, the Netherlands, and Russia. Propene continues to be an essential component in the production of various plastic and chemical products. The import markets discussed in this article play a critical role in meeting the global demand for propene, with China leading the way as the largest importer. The key statistics and import values provided offer valuable insights into the dynamics of this global market.

The IndexBox market intelligence platform is an excellent resource for businesses and industry professionals seeking in-depth analysis and data on various import-export markets, including propene. By leveraging the platform’s comprehensive datasets and advanced analytics, users can gain valuable insights to inform their business strategies and drive growth.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, Imports/Exports

World’s Best Import Markets for Turbo-Jets (Over 25 kN)

December 24th, 2023 IndexBox Leave a comment

When it comes to turbo-jets, there are several countries around the world that dominate the import market. These countries not only have a high demand for turbo-jets but also possess a flourishing aviation industry. According to the latest data from the IndexBox market intelligence platform, the top 10 countries in terms of import value of turbo-jets (over 25 kN) in 2022 are listed below:

1. United Kingdom – $9.5 billion

2. Hong Kong SAR – $8.0 billion

3. United States – $6.7 billion

4. Singapore – $6.1 billion

5. Germany – $4.6 billion

6. France – $4.4 billion

7. China – $3.9 billion

8. United Arab Emirates – $3.3 billion

9. India – $3.1 billion

10. Brazil – $2.5 billion

Let’s take a closer look at these countries and their import markets for turbo-jets.

1. United Kingdom

The United Kingdom leads the world in turbo-jet imports, with an import value of $9.5 billion in 2022. This can be attributed to the country’s strong aviation industry and its significant role as a global transportation hub.

2. Hong Kong SAR

Hong Kong SAR comes in second place, with an import value of $8.0 billion in 2022. The region’s strategic location, advanced infrastructure, and well-developed aviation sector contribute to its high import demand for turbo-jets.

3. United States

The United States ranks third in the world for turbo-jet imports, with a value of $6.7 billion in 2022. The country boasts a thriving aviation industry and is home to several major aircraft manufacturers.

4. Singapore

Singapore is another prominent player in the import market for turbo-jets, with an import value of $6.1 billion in 2022. This can be attributed to the country’s strategic location as a major international transportation and logistics hub.

5. Germany

Germany has a strong presence in the turbo-jet import market, with an import value of $4.6 billion in 2022. The country’s advanced manufacturing capabilities and renowned engineering expertise contribute to its high import demand.

6. France

France is also a significant importer of turbo-jets, with an import value of $4.4 billion in 2022. The country boasts a long-standing aerospace industry and is home to several leading aircraft manufacturers.

7. China

China has experienced tremendous growth in its aviation industry in recent years, and this is reflected in its import demand for turbo-jets. The country imported turbo-jets worth $3.9 billion in 2022, making it a key player in the global import market.

8. United Arab Emirates

The United Arab Emirates has emerged as a major importer of turbo-jets, with an import value of $3.3 billion in 2022. The country’s rapid economic development and ambitious aviation infrastructure projects contribute to its increasing import demand.

9. India

India’s growing aviation industry has led to an increased demand for turbo-jets. The country imported turbo-jets worth $3.1 billion in 2022, positioning it as a significant player in the global import market.

10. Brazil

Brazil rounds off the list of the top 10 import markets for turbo-jets, with an import value of $2.5 billion in 2022. The country’s robust aviation sector and its role as a prominent player in the Latin American market contribute to its import demand.

These top 10 import markets for turbo-jets highlight the strong demand and growth potential in the global aviation industry. As the demand for air travel continues to rise, the import market for turbo-jets is expected to thrive in the coming years. The data provided in this article has been sourced from the IndexBox market intelligence platform, which provides comprehensive and up-to-date information on various industries and markets.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, Imports/Exports

Best Import Markets for Stranded Wire

December 23rd, 2023 IndexBox Leave a comment

The global market for stranded wire is experiencing significant growth, driven by the increasing demand for electricity transmission and distribution infrastructure. Stranded wire, also known as stranded conductor, refers to a collection of small wires twisted or braided together to form a larger conductor. It is widely used in various industries, including power generation, telecommunications, automotive, and construction.

Import Value of Stranded Wire by Country

According to the latest data from the IndexBox market intelligence platform, the top import markets for stranded wire are:

1. United States – $2.1 billion in 2022

2. Germany – $779.2 million in 2022

3. Canada – $518.3 million in 2022

4. Italy – $496.3 million in 2022

5. France – $412.0 million in 2022

6. Mexico – $403.2 million in 2022

7. Poland – $391.3 million in 2022

8. China – $373.4 million in 2022

9. India – $369.8 million in 2022

10. South Korea – $358.0 million in 2022

These countries represent the largest importers of stranded wire, accounting for a significant share of the global market. The United States leads the pack with an import value of $2.1 billion in 2022, followed by Germany with $779.2 million and Canada with $518.3 million.

1.The United States: The Largest Importer of Stranded Wire

The United States stands out as the world’s largest importer of stranded wire, with a substantial import value of $2.1 billion in 2022. The country’s high import demand is primarily driven by its extensive electricity transmission and distribution network, which requires a significant amount of stranded wire for infrastructure development and maintenance.

The automotive industry is another major buyer of stranded wire in the United States. Stranded wire is used in the manufacturing of automotive wiring harnesses, which are essential components for the electrical systems of vehicles. The growing demand for electric vehicles further contributes to the need for stranded wire in the country.

2. Germany: A Strong Market for Stranded Wire

Germany ranks second in terms of import value of stranded wire, with imports totaling $779.2 million in 2022. The country’s well-established manufacturing sector, robust automotive industry, and advanced infrastructure contribute to the demand for stranded wire.

The energy transition in Germany, with a shift towards renewable energy sources, also drives the demand for stranded wire. The installation of wind turbines and solar power systems requires extensive wiring, providing opportunities for the stranded wire market.

3. Canada: A Growing Market for Stranded Wire

Canada holds the third position in the global import market for stranded wire, with imports reaching $518.3 million in 2022. The country’s expanding construction sector, along with ongoing infrastructure development projects, fuels the demand for stranded wire.

Moreover, Canada’s efforts to upgrade its power transmission and distribution network contribute to the import of stranded wire. The country aims to improve grid reliability and accommodate the increasing renewable energy capacity, leading to substantial investments in the electricity infrastructure.

4. Italy, France, and Mexico: Significant Importers of Stranded Wire

Italy, France, and Mexico are also prominent importers of stranded wire. Italy imported stranded wire worth $496.3 million in 2022, driven by its manufacturing sector and demand from the automotive and construction industries.

France imported stranded wire amounting to $412.0 million in 2022, largely attributed to the country’s strong automotive and aerospace sectors. The use of stranded wire in these industries for electrical connections and wiring contributes to the import demand.

Mexico’s import value of stranded wire reached $403.2 million in 2022, supported by its growing construction industry and infrastructure projects. The country’s proximity to the United States also drives the import of stranded wire, as it serves as a manufacturing hub for many multinational companies.

IndexBox Market Intelligence Platform

The analysis of the world’s best import markets for stranded wire is based on the latest data from the IndexBox market intelligence platform. IndexBox provides comprehensive market information and data analysis across various industries and countries, assisting businesses in making informed decisions.

The platform offers key statistics, market trends, import-export dynamics, and other relevant insights to support market research, strategic planning, and investment assessments. With accurate and up-to-date data, businesses can gain a competitive edge and seize new opportunities.

In conclusion, the global import market for stranded wire is dominated by countries such as the United States, Germany, Canada, Italy, and France. The demand for stranded wire is driven by the need for electricity transmission and distribution infrastructure, as well as the automotive, construction, and telecommunications industries. Businesses can leverage the insights provided by the IndexBox market intelligence platform to navigate these markets successfully and achieve their growth objectives.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, Imports/Exports

The Largest Import Markets for Internal Combustion Engines

December 22nd, 2023 IndexBox Leave a comment

When it comes to import markets for internal combustion engines (ICE), several countries stand out as top players in this global industry. According to the latest data from the IndexBox market intelligence platform, the world’s top 10 countries of import value for internal combustion engines in 2022 include Mexico, Germany, the United States, Turkey, Spain, the Czech Republic, France, Thailand, Belgium, and Poland.

1. Mexico

Mexico leads the pack with an import value of $6.2 billion in 2022. The country’s automotive industry has experienced significant growth in recent years, making it a crucial market for internal combustion engines. The demand for ICE in Mexico is driven by the strong presence of car manufacturers and the country’s position as a top exporter of vehicles to the United States.

2. Germany

Germany ranks second with an import value of $3.1 billion in 2022. As one of the leading automotive manufacturing countries in the world, Germany relies on importing internal combustion engines to meet its domestic demand and support its thriving automotive sector. The country is known for its high-quality automotive engineering and the presence of renowned brands.

3. United States

The United States follows closely with an import value of $2.9 billion in 2022. Despite being a major producer of internal combustion engines, the U.S. still imports a significant amount to fulfill its domestic demand. The country is home to several automobile manufacturers, and the demand for ICE is fueled by the strong consumer market.

4. Turkey

Turkey is the fourth-largest import market for internal combustion engines, with an import value of $2.1 billion in 2022. The country’s automotive industry has shown remarkable growth over the years, attracting investment from major global car manufacturers. The demand for ICE in Turkey is driven by both domestic consumption and its position as a manufacturing hub for automotive exports.

5. Spain

Spain holds the fifth position with an import value of $1.4 billion in 2022. The country’s automotive industry is a key driver of economic growth, and internal combustion engines play a vital role. Spain is known for producing a wide range of vehicles, and the demand for ICE is fueled by both domestic consumption and export requirements.

6. Czech Republic

The Czech Republic ranks sixth with an import value of $1.2 billion in 2022. The country has a strong manufacturing base for automobiles and automotive components. While Czech Republic’s domestic demand for internal combustion engines is relatively high, it also serves as an important transit point for automotive exports to other European countries.

7. France

France holds the seventh position with an import value of $989.2 million in 2022. The country is home to renowned automobile manufacturers and has a long history of automotive excellence. While France produces a significant number of internal combustion engines domestically, its import market also remains substantial, supporting its automotive sector.

8. Thailand

Thailand follows closely with an import value of $989.1 million in 2022. The country has emerged as a major player in the global automotive industry, attracting investment from international car manufacturers. Thailand’s import market for internal combustion engines is mainly driven by its position as a manufacturing hub for automotive exports.

9. Belgium

Belgium ranks ninth with an import value of $806.7 million in 2022. The country has a strong automotive industry, and its import market for internal combustion engines is driven by both domestic consumption and export demands. Belgium serves as a strategic location for the transportation of automotive components within Europe.

10. Poland

Poland completes the top 10 list with an import value of $702.0 million in 2022. The country has been developing its automotive industry rapidly, attracting investment from major global manufacturers. Poland’s import market for internal combustion engines is primarily driven by its domestic consumption and export-oriented manufacturing activities. Overall, these countries have established themselves as significant import markets for internal combustion engines, driven by their automotive industries, domestic consumption, and export-oriented manufacturing. The demand for ICE is expected to continue growing in these markets, further fueling the global import trade. The IndexBox market intelligence platform provides valuable insights into these markets, offering detailed data and statistics that support businesses in making informed decisions.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, United states news

Imports of Motors and Generators in the U.S. Rise Modestly to $1.6B in October 2023

December 21st, 2023 IndexBox Leave a comment

U.S. Motor And Generator Imports

In October 2023, the amount of motors and generators imported into the United States rose sharply to 80M units, with an increase of 9.2% on the previous month. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when imports increased by 12% m-o-m. Imports peaked at 81M units in August 2023; however, from September 2023 to October 2023, imports remained at a lower figure.

In value terms, motor and generator imports expanded markedly to $1.6B (IndexBox estimates) in October 2023. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 with an increase of 11% against the previous month. Imports peaked at 1.6B units in May 2023; however, from June 2023 to October 2023, imports failed to regain momentum.

Imports by Country

Mexico (19M units), China (17M units) and Vietnam (8.4M units) were the main suppliers of motor and generator imports to the United States, with a combined 55% share of total imports.

From October 2022 to October 2023, the biggest increases were in Vietnam (with a CAGR of +4.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest motor and generator suppliers to the United States were Mexico ($431M), China ($249M) and Japan ($186M), together comprising 55% of total imports.

Among the main suppliers, Japan, with a CAGR of +1.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In October 2023, the motor and generator price amounted to $19.5 per unit (CIF, US), stabilizing at the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 10% month-to-month. Over the period under review, average import prices attained the maximum at $22.4 per unit in June 2023; however, from July 2023 to October 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($51.5 per unit), while the price for the Philippines ($7.1 per unit) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Denmark (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Global Trade Daily

Top Import Markets for Data Processing Servers

December 20th, 2023 IndexBox Leave a comment

Data processing servers play a crucial role in the modern digital landscape, serving as the backbone of various industries and enabling efficient and effective data management. As the demand for data processing servers continues to increase, it is essential to understand the world’s best import markets for these crucial devices. In this article, we will explore the top countries in terms of import value for data processing servers, using data sourced from the IndexBox market intelligence platform.

1. United States

The United States stands as the leading import market for data processing servers, with an import value of $42.4 billion in 2022. With a technologically advanced infrastructure and a thriving IT industry, the United States heavily relies on data processing servers to support its robust digital economy. The increasing adoption of cloud computing, big data analytics, and artificial intelligence further boosts the demand for data processing servers in the country.

2. Netherlands

The Netherlands secures the second position on the list, with an import value of $5.5 billion for data processing servers in 2022. Known for its advanced technology sector and digital infrastructure, the Netherlands serves as a gateway to European markets. The country’s strategic location and well-developed logistics networks make it an attractive import market for data processing servers.

3. Japan

Japan demonstrates a strong presence in the import market for data processing servers, with an import value of $4.4 billion in 2022. The country has a highly sophisticated technology ecosystem, which heavily relies on data processing servers to drive innovation and economic growth. Japan’s continuous pursuit of technological advancements creates a robust demand for data processing servers.

4. Germany

Germany holds the fourth position on the list, with an import value of $4.0 billion for data processing servers in 2022. As Europe’s largest economy, Germany’s IT industry plays a critical role in supporting its various sectors, including manufacturing, finance, and healthcare. The country’s commitment to Industry 4.0 and digital transformation fuels the demand for data processing servers.

5. Hong Kong SAR

Hong Kong SAR, with an import value of $3.8 billion in 2022, serves as a major import market for data processing servers. The region’s status as a global financial hub and its reliance on technology-intensive industries, such as finance and logistics, amplifies the need for robust data processing infrastructure. The continuous growth in digitalization initiatives further drives the import demand for data processing servers in Hong Kong SAR.

6. China

China secures the sixth position on the list with an import value of $3.2 billion for data processing servers in 2022. As the world’s largest manufacturing hub and a global player in technology, China heavily relies on data processing servers to drive its digital transformation and support its rapidly growing industries. The Chinese government’s initiatives to promote the adoption of advanced technologies fuel the demand for data processing servers in the country.

7. United Kingdom

The United Kingdom holds the seventh position on the list of top import markets for data processing servers, with an import value of $3.2 billion in 2022. The UK is home to a thriving IT industry and serves as a major hub for digital services and technology development. The country’s commitment to digitalization and its strong focus on innovation contribute to the increasing demand for data processing servers.

8. Canada

Canada, with an import value of $2.8 billion in 2022, establishes itself as a significant import market for data processing servers. The country’s growing digital economy and its emphasis on technological advancements create a strong demand for data processing servers across various sectors, including finance, healthcare, and information technology.

9. India

India secures the ninth position on the list, with an import value of $2.6 billion for data processing servers in 2022. As one of the world’s fastest-growing digital economies, India heavily relies on data processing servers to support its massive IT sector. The country’s increasing digital transformation efforts and its push for technology-driven initiatives contribute to the growing import demand for data processing servers.

10. Singapore

Singapore, with an import value of $2.5 billion in 2022, completes the list of the world’s best import markets for data processing servers. Building upon its strategic location and excellent connectivity, Singapore has emerged as a prominent data center hub in the Asia-Pacific region. The country’s advanced digital infrastructure and its emphasis on technology adoption drive the demand for data processing servers.

In conclusion, the import market for data processing servers is dominated by countries with robust digital economies, advanced technology sectors, and a strong commitment to technological advancements. The United States leads the pack, followed by the Netherlands, Japan, Germany, and Hong Kong SAR. Understanding these import markets is crucial for manufacturers and exporters of data processing servers, enabling them to identify lucrative opportunities and tailor their strategies accordingly.

Source: IndexBox Market Intelligence Platform

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