Trending Now

US Intermodal Gains Momentum Amid Trucking Challenges

New Articles

Brazilian Insecticide Imports Shoot Up to $1.5B

insecticides
Archives, Global Trade Daily, News

Brazilian Insecticide Imports Shoot Up to $1.5B

Leave a comment

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

Insecticide imports into Brazil increased by +25% y-o-y to 99K tonnes. In value terms, they reached nearly $1.5B. Brazil remains the world’s largest importer of insecticides, accounting for 9% of global import volume. Argentina, India and China supplied approximately 72% of the total insecticide volume imported into Brazil. China featured the highest increase in the volume of supplies to the country. In 2020, the average insecticide import price fell by -13.4% y-o-y to $15,161 per tonne. 

Insecticide Imports into Brazil

In 2020, insecticide imports into Brazil skyrocketed to 99K tonnes, rising by +25% against 2019. In value terms, insecticide imports expanded sharply by +8.1% y-o-y to $1.5B (IndexBox estimates) in 2020. Brazil remains the world’s largest importer of insecticides, accounting for 9% of global import volume.

Argentina (35K tonnes), India (21K tonnes) and China (15K tonnes) were the main suppliers of insecticide imports to Brazil, together comprising 72% of total imports.

In 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (+37.5% y-o-y). Brazilian purchases from Argentina and India rose by +9.3% y-o-y and +11.3% y-o-y, respectively.

In value terms, the U.S. ($510M), India ($321M) and Israel ($184M) were the largest insecticide suppliers to Brazil, with a combined 68% share of total imports. China, Singapore and Argentina lagged somewhat behind, together accounting for a further 25%.

In 2020, the average insecticide import price in Brazil amounted to $15,161 per tonne, waning by -13.4% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Singapore ($80,331 per tonne), while the price for Argentina ($2,582 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Argentina, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

peppermint
Archives, Global Trade Daily, News

European Pyrethrum and Peppermint Imports Keep Robust Growth

Leave a comment

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

Last year, European pyrethrum and peppermint imports rose by +10.2% y-o-y to $989M. Germany remains the largest pyrethrum and peppermint importer in the EU, accounting for 37% of the total imports. The Netherlands, Austria, Italy, Poland, Spain and France ramped up the volume of purchases from abroad, while the supplies to Germany dropped slightly. The Netherlands emerged as the fastest-growing importer in 2020. The pyrethrum and peppermint import price in the EU grew by +9.2% y-o-y compared to the figures of 2019.

Pyrethrum and Peppermint Imports in the EU

In 2020, approx. 189K tonnes of pyrethrum and peppermint were imported in the EU; approximately equating the previous year’s figure. In value terms, pyrethrum and peppermint imports rose significantly by +10.2% y-o-y to $989M (IndexBox estimates) in 2020.

Germany was the key importing country with an import of about 70K tonnes, which accounted for 37% of total imports. It was distantly followed by Spain (25K tonnes), France (20K tonnes), the Netherlands (13K tonnes), Italy (12K tonnes) and Poland (12K tonnes), together mixing up a 43% share of the total imports. Austria (5.7K tonnes) occupied a relatively small share of total imports.

In 2020, average annual rates of growth with regard to pyrethrum and peppermint imports into Germany stood at -2.9%. At the same time, the Netherlands (+24.0%), Austria (+16.1%), Italy (+6.5%), Poland (+5.6%), Spain (+2.1%) and France (+1.9%) displayed positive paces of growth. The Netherlands emerged as the fastest-growing European importer in 2020.

In value terms, Germany ($352M) constitutes the largest market for imported pyrethrum and peppermint in the EU, comprising 36% of total imports. The second position in the ranking was occupied by France ($111M), with an 11% share of total imports. It was followed by Spain, with a 9.9% share.

In 2020, the pyrethrum and peppermint import price in the EU amounted to $5,233 per tonne, growing by +9.2% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Austria ($6,786 per tonne), while Spain ($3,875 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

pumpkin
Archives, Global Trade Daily, Imports/Exports, News

Global Pumpkin Imports Peak at $1.6B

Leave a comment

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

In 2020, global pumpkin imports reached $1.6B, the highest level over the past decade. The U.S. remains the largest importer of pumpkins, with a 37%-share of the total figure. Last year, Canada, the Netherlands and the UK saw the highest spikes in pumpkin purchases from abroad, while supplies to Japan have moderately reduced. In 2020, the average pumpkin import price rose by +20% compared to the previous year. Ukraine, Algeria and Italy constitute the countries with the highest per capita consumption. China, India and the U.S. feature as the largest consuming markets in 2020. 

Global Pumpkin Imports

In 2020, the amount of pumpkin (squash and gourds) imported worldwide shrank to 1.5M tonnes, with a decrease of -4.2% compared with 2019 figures. In value terms, pumpkin imports rose sharply by +14.8% y-o-y to $1.6B (IndexBox estimates) in 2020.

The U.S. represented the key importer of pumpkin (squash and gourds) in the world, with the volume of imports amounting to 555K tonnes, which was near 37% of total imports in 2020. France (168K tonnes) took an 11% share (based on tonnes) of total imports, which put it in second place, followed by Germany (8.3%), the UK (6.3%), Japan (6%) and the Netherlands (5.5%). The following importers – Canada (60K tonnes), Spain (38K tonnes), Italy (35K tonnes), Belgium (28K tonnes) and South Korea (25K tonnes) – together made up 12% of total imports.

In 2020, average annual rates of growth with regard to pumpkin imports into the U.S. stood at +1.8%. At the same time, Canada (+24.2%), the Netherlands (+15.7%), the UK (+15.7%), Germany (+13.6%), Belgium (+13.5%), Spain (+9.4%), Italy (+3.3%), France (+1.6%) and South Korea (+1.4%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer in 2020. By contrast, Japan (-4.8%) illustrated a downward trend over the same period.

In value terms, the U.S. ($530M) constitutes the largest market for imported pumpkin (squash and gourds) worldwide, comprising 33% of global imports. The second position in the ranking was occupied by France ($205M), with a 13% share of global imports. It was followed by Germany, with a 12% share.

In 2020, the average pumpkin import price amounted to $1,055 per tonne, jumping by +20% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Germany ($1,499 per tonne), while South Korea ($586 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Countries with the Highest Pumpkin Consumption

The countries with the highest volumes of pumpkin per capita consumption in 2020 were Ukraine (33 kg per person), Algeria (10.4 kg per person), Italy (9.7 kg per person), Russia (8.7 kg per person) and Turkey (6.4 kg per person).

In value terms, China ($6.6B), India ($5B) and the U.S. ($1.2B) appeared to be the countries with the highest levels of market value in 2020, together comprising 51% of the global market. Bangladesh, Italy, Ukraine, Russia, Turkey, Algeria and Indonesia lagged somewhat behind, together comprising a further 18%.

Source: IndexBox Platform

coconut
Archives, Global Trade Daily, News

Global Refined Coconut Oil Imports Go Down with Reduced Purchases from the U.S.

Leave a comment

IndexBox has just published a new report: ‘World – Refined Coconut (Copra) Oil – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

Global refined coconut oil imports dropped by -5.5% y-o-y to 1M tonnes in 2020. The U.S., China, Germany and South Korea constitute the largest importers of refined coconut oil worldwide. In 2020, American and Chinese imports declined significantly, while the purchases in Turkey followed an upward trend. Last year, the average refined coconut oil import price rose by +4.5% compared to the figures of 2019. 

Global Refined Coconut Oil Imports

Global refined coconut oil imports declined to 1M tonnes in 2020, waning by -5.5% compared with 2019. In value terms, refined coconut oil imports contracted modestly to $1.3B (IndexBox estimates) in 2020.

In 2020, the U.S. (266K tonnes), distantly followed by China (159K tonnes), Germany (59K tonnes) and South Korea (48K tonnes) represented the main importers of refined coconut (copra) oil, together committing 53% of total imports. Belgium (41K tonnes), Japan (37K tonnes), France (30K tonnes), Russia (30K tonnes), Poland (27K tonnes), Italy (24K tonnes), the UK (21K tonnes), Turkey (20K tonnes) and Singapore (17K tonnes) followed a long way behind the leaders.

In 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Turkey (+24.6% y-o-y), while American (-11.8% y-o-y) and Chinese (-4.9% y-o-y) imports reduced.

In value terms, the U.S. ($369M) constitutes the largest market for imported refined coconut (copra) oil worldwide, comprising 29% of global imports. The second position in the ranking was occupied by China ($150M), with a 12% share of global imports. It was followed by Germany, with a 5.5% share.

In 2020, the average refined coconut oil import price amounted to $1,272 per tonne, surging by 4.5% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Singapore ($1,495 per tonne), while China ($943 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

wine
Archives, EU Trade, Global Trade Daily

Climate Change: The French Wine Disaster & Beyond

Leave a comment

Complex supply chains around the world make countries dependent on others for essential items, including food and drink. When it is interrupted, the effects are felt globally. We’ve already experienced the turmoil that disrupted supply chains can have during the COVID-19 pandemic. For example, Finance Minister Bruno Le Maire issued a statement to the nation’s supermarkets urging them to stock French products.

There are a few instances other than COVID-19 where disasters have interrupted the supply chain, causing economic damage. Agriculture tends to take the biggest financial hits and losses during disasters such as extreme weather, which are becoming more frequent, intense, and complex. Between 2008 and 2018, agricultural disasters cost developing countries more than €908 billion, having a profound effect on the livelihoods of smallholder farmers who were already struggling against large corporations.


Electrix, a producer of coffret électrique encastré for the food industry, takes a look at the French wine disaster and other events around the world that had an impact on food and drink.

The wine disaster

Unseasonal frost hit France this year, seeing a usually warm April suddenly struck by freezing temperatures and bitter frost. The initial record-warm early spring resulted in vines and fruit trees blooming earlier than they would usually, and they were then ruined by an unexpected bout of cold temperatures. Research has found that as the world’s temperature rises, the timing of seasons will change and become more severe.

Vineyards in Bordeaux, Burgundy, Provence, and the Rhône Valley were affected and resorted to lighting thousands of fires and candles near the vines and trees in an attempt to keep them warm overnight. Sadly, many winemakers have reported a 100 percent loss on their yield.

French agriculture minister Julien Denormandie commented: “This is probably the greatest agricultural catastrophe of the beginning of the 21st century.” Meanwhile, Prime Minister Jean Castex pledged €1bn in aid to winemakers and farmers. It may take years for some vineyards to recover.

France’s wine industry has already been dealing with the effects of COVID-19 and decreased demand from restaurant orders, as well as previously battling with Donald Trump’s tariffs on key French goods, including wine and cheese, which resulted in a near 14 percent drop in French wine and spirits exports last year. Furthermore, due to the effects of climate change, the flavors of wine will likely change or, in some cases, disappear forever. Merlot, for example, could become a thing of the past due to the grapes used in that particular wine being less resilient to changing weather patterns.

Thirsty crops exhausting groundwater

Rice is the primary source of food for more than three billion people every day and is helping prevent the world’s food crisis from getting worse. Sadly, there is a risk of rising food insecurity for such a staple food.

India is experiencing both a water and agricultural crisis that has been developing for decades. Rice is one of the thirstiest crops that exist – farmers use 15,000 liters of water on average to grow one kilogram of paddy (rice plant). Rice is draining northern India’s Punjab of its groundwater, with the ground expected to be exhausted by 2039 and become comparable to a desert. A fifth of the world’s population lives in India, who only have four percent of global water while simultaneously being the largest user of it with 90 percent of their water used for agriculture.

India isn’t the only country struggling to grow rice due to a lack of water – countries in Southeast Asia such as China are facing the same challenge. Climate change is making extreme weather like flooding and droughts happen more regularly, making water difficult to source. Scientists are looking to develop new strains of rice that require less water and are more resilient to drought and climate change.  Plus, water technologists in New Delhi are looking to design water management techniques that use no more than 600 liters of water for one kg of paddy.

Increased breeding of rodents in Australia

Australia has faced the brunt of climate change, ranging from bushfires that devastated 27.2 million acres of land to damaged food and crops due to the largest plague of mice ever seen. Australian farmers are used to a mouse plague every ten years or so; however, with the planet warming up, they could become more regular with more mice than ever. The temperatures create the perfect breeding ground for the rodents, which then go on to destroy crops.

Farmers are even forced to burn their crops which have been infested with mice and mice urine.

A disaster-resilient future is possible if we develop sustainable agriculture. Preparing for risk management can help in reducing agriculture’s vulnerability to natural disasters and climate change.

______________________________________________________________________

Sources

http://www.fao.org/news/story/en/item/1381672/icode/

https://www.axios.com/french-wine-disaster-climate-change-1f86c34c-917c-4d86-b126-73f7618316a9.html

https://www.france24.com/en/20200328-france-issues-call-to-buy-french-as-coronavirus-erodes-single-market

https://www.theguardian.com/food/2021/apr/15/agricultural-disaster-two-billion-worth-of-french-wine-production-lost-after-cold-snaps

https://www.foodandwine.com/news/france-wine-vineyards-frost-damage-2021

https://www.foodandwine.com/news/france-wine-vineyards-frost-damage-2021

https://www.downtoearth.org.in/news/water-use-is-excessive-in-rice-cultivation-30352

https://apnews.com/article/india-climate-change-business-science-environment-and-nature-52a57d80d1dcb85f508cfd5f80120870

https://www.bbc.com/future/bespoke/follow-the-food/a-staple-food-to-withstand-disaster/

https://theprint.in/economy/rice-the-one-grain-thats-keeping-the-worlds-food-crisis-from-getting-worse/653855/

https://www.bbc.co.uk/news/world-australia-50951043

ammonium nitrate
Archives, Global Trade Daily, News

European Calcium Ammonium Nitrate Exports Grow Robustly

Leave a comment

IndexBox has just published a new report: ‘EU – Calcium Ammonium Nitrate (CAN) – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In 2020, calcium ammonium nitrate exports in the EU peaked at 9.1M tonnes, reaching the highest point over the past decade. In value terms, they reduced from $1.7B in 2019 to $1.6B due to a decline in export prices. Last year, the calcium ammonium nitrate export price in the EU dropped by -10% compared with figures of 2019. The Netherlands, Belgium, Germany, France, Slovakia, Hungary and Lithuania supply 82% of total European exports of calcium ammonium nitrate in physical terms.

Calcium Ammonium Nitrate Exports in the EU

Calcium ammonium nitrate exports stood at 9.1M tonnes in 2020, with an increase of +3.5% compared with the previous year’s figure. In value terms, calcium ammonium nitrate exports declined from $1.7B in 2019to $1.6B (IndexBox estimates) in 2020.


 

The calcium ammonium nitrate export price in the EU stood at $177 per tonne in 2020, declining by -10% against the previous year. Average prices varied noticeably amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in France ($195 per tonne) and Belgium ($185 per tonne), while Lithuania ($163 per tonne) and Hungary ($167 per tonne) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced a decline in the export price figures.

In 2020, the Netherlands (2.7M tonnes), distantly followed by Belgium (1,669K tonnes), Germany (1,026K tonnes), France (575K tonnes), Slovakia (498K tonnes), Hungary (483K tonnes) and Lithuania (446K tonnes) represented the key exporters of calcium ammonium nitrate (CAN), together mixing up 82% of total exports. Spain (390K tonnes) took a relatively small share of total exports.

In 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Hungary, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest calcium ammonium nitrate supplying countries in the EU were the Netherlands ($469M), Belgium ($309M) and Germany ($189M), together comprising 60% of total exports. These countries were followed by France, Slovakia, Hungary, Lithuania and Spain, which together accounted for a further 26%.

Source: IndexBox Platform

pimenta
Archives, Global Trade Daily, News

Indian Pimenta Pepper Exports Hit Record $1.1B

Leave a comment

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

India remains the largest pimenta pepper exporter worldwide, comprising near half of the global exports. Last year, India managed to strengthen its leading position, with pimenta pepper exports skyrocketing to over 500K tonnes, or $1.1B. China was the key importer of Indian pepper, accounting for 32% of the total volume. The average export price for pimenta pepper from India jumped by +16% y-o-y in 2020.

Pimenta Pepper Exports from India

India ranks first among the world’s largest pimenta pepper exporters. Indian supplies abroad account for 51% of global pimenta pepper exports in physical terms.

In 2020, the amount of pimenta pepper exported from India expanded rapidly to 513K tonnes, increasing by +12% on the previous year. In value terms, pimenta pepper exports skyrocketed by +29.6% y-o-y to $1.1B (IndexBox estimates) in 2020.

China (163K tonnes) remains the main destination for pimenta pepper exports from India, with a 32% share of total exports. Moreover, pimenta pepper exports to China exceeded the volume sent to the second major destination, Bangladesh (66K tonnes), twofold. The third position in this ranking was occupied by Thailand (54K tonnes), with a 10% share.

In 2020, the volume of supplies to China increased by +8.8% y-o-y. Thailand saw the most prominent growth rate in terms of volume of purchases from India in 2020.

In value terms, China ($387M) remains the key foreign market for pimenta pepper exports from India, comprising 35% of total exports. The second position in the ranking was occupied by Thailand ($122M), with an 11% share of total exports. It was followed by Bangladesh, with a 9.5% share.

The average pimenta pepper export price stood at $2,147 per tonne in 2020, increasing by +16% against the previous year. There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the U.S. ($2,671 per tonne), while the average price for exports to Bangladesh ($1,586 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform

agricultural
Archives, Commentary, Global Trade Daily, News

The Best-Paying Cities for Agricultural Workers

Leave a comment

Agriculture has been and remains one of the most important industries for the U.S. economy. In addition to directly providing food for the population in the form of produce and livestock, the broader agricultural sector—which includes farming, fishing, and forestry—provides raw materials that form the foundation of other industries like food service, construction, and textile manufacturing. Further, the U.S. is the world’s leading exporter of food and other agricultural products, which contributes to its global economic and political influence.

While agriculture’s role in the U.S. economy remains significant, the industry’s future in the U.S. faces many challenges. Global climate change has produced warmer temperatures and more frequent severe weather events like droughts and fires, threatening an increasing number of crops, livestock, and forests. Agricultural exports have been negatively impacted by recent trade disputes with other countries, and imports on agricultural equipment have become more expensive. And on top of these more recent challenges, agriculture has been undergoing a long-term decline as a share of the economy: farms alone represented more than 3% of GDP in the early 1960s but only account for less than 1% of U.S. GDP today.

Another indicator of agriculture’s shifting role in the economy is its employment numbers. Since the end of World War II, the total number of workers in agriculture and related industries has been on a steady decline over time. In the late 1950s, the U.S. economy had more than 8 million workers supporting agriculture. That figure had been cut in half within two decades, and today, agricultural-related employment hovers around 2.3 million, according to data from the Bureau of Labor Statistics.

One of the major reasons for this decline is agricultural and mechanical innovations that have reduced the need for manual labor. Simultaneously, other sectors of the economy have grown, offering new and more appealing opportunities in different fields and professions. Working conditions for agricultural workers are also some of the most difficult and hazardous of any profession, and these workers face some of the lowest wages of any profession in the U.S. According to BLS data, the median pay for farming, fishing, and forestry occupations is less than $30,000 per year, or about 30% below the median of $41,950 across all occupations.

However, certain states offer far better pay than others, especially after adjusting for cost-of-living differences. Despite above-average living costs, Alaska stands out as the best-paying state for these workers, where the typical agricultural worker earns an adjusted wage of more than $43,000 annually. Outside of Alaska, states in the Central U.S. offer the most competitive wages. At the other end of the spectrum, the list of lowest-paying states includes Florida, California, and New Jersey, where workers earn an adjusted wage of approximately $25,000 or less.

At the metro level, the Central U.S. is also well-represented on the list of best-paying U.S. locations for agricultural workers. Among large metropolitan areas, these include Indianapolis, Oklahoma City, Columbus, and St. Louis.

To find the best-paying locations for agricultural workers, researchers at Commodity.com analyzed data from the U.S. Bureau of Labor Statistics and the U.S. Bureau of Economic Analysis. Researchers calculated the median annual earnings for farming, fishing, and forestry occupations, which were adjusted for cost-of-living differences. Only metropolitan areas with at least 100,000 residents were included.

Here are the best-paying large metros for agricultural workers.

Metro Rank        Median annual earnings   for agricultural workers (adjusted) Median annual earnings for agricultural workers (unadjusted) Number of agricultural workers Cost of living (compared to national average)

 
Indianapolis-Carmel-Anderson, IN 1 $42,854 $39,040 300 -8.9%
Oklahoma City, OK 2 $40,122 $36,030 680 -10.2%
New Orleans-Metairie, LA 3 $39,044 $36,350 500 -6.9%
Columbus, OH 4 $37,707 $34,540 940 -8.4%
Buffalo-Cheektowaga-Niagara Falls, NY 5 $37,598 $35,530 70 -5.5%
Pittsburgh, PA 6 $37,500 $34,650 550 -7.6%
Richmond, VA 7 $36,138 $34,620 690 -4.2%
Salt Lake City, UT 8 $35,507 $35,010 210 -1.4%
St. Louis, MO-IL 9 $34,573 $31,150 1,390 -9.9%
Virginia Beach-Norfolk-Newport News, VA-NC 10 $34,191 $32,960 760 -3.6%
Birmingham-Hoover, AL 11 $33,873 $29,910 630 -11.7%
Louisville/Jefferson County, KY-IN 12 $33,795 $30,280 520 -10.4%
Baltimore-Columbia-Towson, MD 13 $33,393 $35,330 1,700 +5.8%
Cleveland-Elyria, OH 14 $33,382 $30,010 270 -10.1%
Minneapolis-St. Paul-Bloomington, MN-WI 15 $33,294 $34,260 1,350 +2.9%
United States – $29,670 $29,670 478,770 N/A

 

For more information, a detailed methodology, and complete results, you can find the original report on Commodity.com’s website: https://commodity.com/blog/agricultural-wages/

wheat
Archives, Global Trade Daily, News

Durum’s Share in the European Wheat Imports Spikes

Leave a comment

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

Imports of durum wheat in the EU surged by +25% y-o-y to 6.1M tonnes, reaching $1.7B in 2020. Over the last year, the share of durum supplies by volume in the total European wheat imports increased from 15.4% to 19.2%. Italy represents the largest importer of durum wheat in the EU. Belgium emerged as the fastest-growing European importer of durum wheat in 2020. The total imports of all types of wheat estimated at 32M tonnes or $7.4B in value terms.

European Imports of Durum Wheat

In 2020, imports of durum wheat in the EU surged to 6.1M tonnes, with an increase of +25% against the previous year’s figure. In value terms, durum wheat imports soared by +29.0% y-o-y to $1.7B in 2020. Over the last year, the share of the durum wheat supplies (by volume) in the total European wheat imports increased from 15.4% to 19.2%.

Italy represented the major importing country with an import of around 3.2M tonnes, which amounted to 51% of total imports. Belgium (866K tonnes) occupied the second position in the ranking, followed by Spain (498K tonnes) and Germany (372K tonnes). All these countries together occupied approx. 28% share of total imports. Poland (264K tonnes), the Netherlands (263K tonnes), Portugal (145K tonnes), Greece (103K tonnes) and Luxembourg (96K tonnes) followed a long way behind the leaders.

Imports into Italy in volume terms increased by +27.8% in 2020. Belgium (+163.7%), Poland (+105.5%), Portugal (+51.0%), Greece (+7.6%) and Luxembourg (+5.5%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the EUin 2020. By contrast, Germany (-3.7%), Spain (-8.3%) and the Netherlands (-30.5%) illustrated a downward trend over the same period.

In value terms, Italy ($950M) constitutes the largest market for imported durum wheat in the EU, comprising 55% of total imports. The second position in the ranking was occupied by Belgium ($200M), with a 12% share of total imports. It was followed by Spain, with a 7.7% share.

In 2020, the durum wheat import price in the EU amounted to $282 per tonne, increasing by 3.5% against the previous year. Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Germany ($319 per tonne) and Luxembourg ($304 per tonne), while Poland ($214 per tonne) and Belgium ($230 per tonne) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Total European Wheat Imports

In 2020, approx. 32M tonnes of wheat were imported in the EU; flattening at the previous year’s figure. In value terms, wheat imports rose by +2.2% y-o-y to $7.4B (IndexBox estimates) in 2020.

In 2020, Italy (8M tonnes), distantly followed by the Netherlands (4.4M tonnes), Spain (4.2M tonnes), Germany (4M tonnes) and Belgium (3.8M tonnes) were the largest importers of wheat, together comprising 77% of total imports. Romania (1.2M tonnes), Portugal (1.2M tonnes), Austria (1.2M tonnes), Greece (0.9M tonnes), Poland (0.9M tonnes) and Latvia (0.7M tonnes) followed a long way behind the leaders.

In value terms, Italy ($2B) constitutes the largest market for imported wheat in the EU, comprising 28% of total imports. The second position in the ranking was occupied by the Netherlands ($962M), with a 13% share of total imports. It was followed by Spain, with a 13% share.

The wheat import price in the EU stood at $233 per tonne in 2020, picking up by +2.9% against the previous year. Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Italy ($256 per tonne) and Portugal ($243 per tonne), while Poland ($199 per tonne) and Austria ($207 per tonne) were amongst the lowest.

Source: IndexBox Platform

sweet corn
Archives, Global Trade Daily, Imports/Exports, News

Thailand, Hungary and France Lead Canned Sweet Corn Exports

Leave a comment

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

In 2020, global preserved sweet corn exports rose by +4.1% y-o-y to $1B. Thailand, Hungary and France head the list of the largest exporters worldwide. The average export price for preserved sweet corn remained relatively unchanged in 2020. Germany, the UK, Japan were the prime destinations for imported last year. 

Preserved Sweet Corn Exports by Country

In 2020, the amount of sweet corn prepared or preserved exported worldwide rose modestly to 799K tonnes, increasing by +3.1% against the previous year. In value terms, exports expanded by +4.1% y-o-y to $1B (IndexBox estimates) in 2020.

Thailand (213K tonnes), Hungary (193K tonnes) and France (130K tonnes) represented roughly 67% of total exports of sweet corn prepared or preserved in 2020. The U.S. (70K tonnes) occupied the next position in the ranking, followed by China (57K tonnes). All these countries together occupied near 16% share of total exports. The following exporters – Spain (25K tonnes) and Belgium (22K tonnes) – each amounted to a 5.8% share of total exports.

In value terms, Hungary ($228M), Thailand ($216M) and France ($193M) were the countries with the highest levels of exports in 2020, together accounting for 61% of global exports. France recorded the highest rates of growth regarding the value of exports.

The average export price stood at $1,307 per tonne in 2020, approximately mirroring the previous year. Prices varied noticeably by the country of origin; the country with the highest price was China ($2,244 per tonne), while Thailand ($1,013 per tonne) was amongst the lowest. In, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced more modest paces of growth.

Major Importers of Preserved Sweet Corn

In 2020, Germany (85K tonnes), the UK (75K tonnes), Japan (59K tonnes) were the largest importers of preserved sweet corn. They were followed by Russia, South Korea, Spain, Belgium, France, the U.S., Italy, Poland and the Philippines. These twelve countries accounted for 60% of the total global import.

In value terms, the largest preserved sweet corn importing markets worldwide were Germany ($117M), the UK ($107M) and Japan ($97M), with a combined 31% share of global imports. Spain, Belgium, South Korea, Russia, France, Italy, Sweden, Poland, the U.S. and the Philippines lagged somewhat behind, together accounting for a further 32%.

Source: IndexBox Platform