France Remains the Largest Chewing Gum Supplier to Germany
IndexBox has just published a new report: ‘Germany – Chewing Gum – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.
Exports from Germany
In 2018, the chewing gum exports from Germany amounted to 2.2K tonnes, increasing by 2.1% against the previous year. In general, chewing gum exports, however, continue to indicate a mild curtailment. In value terms, chewing gum exports stood at $16M (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +2.2% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
Exports by Country
The Netherlands (403 tonnes), Belgium (217 tonnes) and Poland (188 tonnes) were the main destinations of chewing gum exports from Germany, with a combined 37% share of total exports. Italy, Ecuador, Denmark, Austria, Slovakia, the UK, the Czech Republic, Luxembourg and Switzerland lagged somewhat behind, together accounting for a further 44%.
From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Ecuador, while exports for the other leaders experienced more modest paces of growth.
In value terms, the Netherlands ($3.4M) remains the key foreign market for chewing gum exports from Germany, comprising 21% of total chewing gum exports. The second position in the ranking was occupied by Austria ($1.4M), with a 8.7% share of total exports. It was followed by Italy, with a 8.6% share.
From 2007 to 2018, the average annual growth rate of value to the Netherlands totaled +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-6.2% per year) and Italy (+2.0% per year).
Export Prices by Country
In 2018, the average chewing gum export price amounted to $7,369 per tonne, surging by 7.7% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +3.5%. Over the period under review, the average export prices for chewing gum reached their peak figure in 2018 and is expected to retain its growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Luxembourg ($11,776 per tonne), while the average price for exports to Slovakia ($2,927 per tonne) was amongst the lowest.
From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.
Imports into Germany
In 2018, the amount of chewing gum imported into Germany amounted to 8.1K tonnes, surging by 4.3% against the previous year. Overall, chewing gum imports, however, continue to indicate a mild deduction. In value terms, chewing gum imports amounted to $38M (IndexBox estimates) in 2018.
Imports by Country
In 2018, France (2.3K tonnes) constituted the largest supplier of chewing gum to Germany, accounting for a 29% share of total imports. Moreover, chewing gum imports from France exceeded the figures recorded by the second-largest supplier, Denmark (1.1K tonnes), twofold. The UK (992 tonnes) ranked third in terms of total imports with a 12% share.
From 2007 to 2018, the average annual rate of growth in terms of volume from France amounted to -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+73.6% per year) and the UK (+1.9% per year).
In value terms, France ($11M), the UK ($6.2M) and Denmark ($5.3M) were the largest chewing gum suppliers to Germany, with a combined 58% share of total imports.
Import Prices by Country
The average chewing gum import price stood at $4,705 per tonne in 2018, shrinking by -4.3% against the previous year. Over the period under review, the chewing gum import price continues to indicate a mild downturn.
There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the UK ($6,240 per tonne), while the price for the Netherlands ($3,421 per tonne) was amongst the lowest.
From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.
Source: IndexBox AI Platform
Belgium Increased Polypropylene Supplies to Germany