Trending Now

Proposed U.S. Port Fees on Chinese Ships Could Trigger $100…

New Articles

Rapid Urbanization to Fuel Nonwoven Furniture Construction Sheeting Usage

furniture
Archives, Global Trade Daily, News

Rapid Urbanization to Fuel Nonwoven Furniture Construction Sheeting Usage

Leave a comment

Nonwovens are prominently used in home furnishings and textile industries owing to their numerous benefits like dimensional stability, durability, color stability, uniformity, strength, etc. In the construction sector, nonwoven fabrics are used for making wall coverings, furniture textiles, floor coverings, upholstery.

With such a wide utility spectrum in interior designing, the nonwoven furniture construction sheeting market share is bound to proliferate over the forecasted timeframe.  Rapid urbanization and increased disposable incomes have improved the lifestyles of people living in the developed regions. This has increased the demand for aesthetic and safe home decors, both of which can be provided using nonwoven furniture sheets.

Their strength and comfortability make nonwovens a preferred choice over other traditional materials. This increased emphasis on interior designing coupled with growing consumer awareness regarding safety will possibly boost the sales of nonwoven furniture construction sheets.

To further add about nonwovens, these fabrics can be easily slit, sewn, trimmed, and clamped which helps to be used as per consumer’s requirement. They also provide antiallergic and antimicrobial characteristics. Considering the growing awareness amongst consumers regarding hygiene standards, these characteristics might prove beneficial, possibly increasing the demand for nonwoven furniture sheets.

The North America region is predicted to showcase significant growth numbers over the forecasted timeframe. There is a soaring demand for high-quality home furnishing and with the presence of major nonwoven manufacturers in the region, it is bound to proliferate substantially.

On the other hand, the Asia Pacific region is anticipated to witness significant growth in demand by 2026. This can be credited to the growing construction business in the region. Developing countries like India and China are initiating residential and non-residential construction projects at a rapid rate to meet the needs of the ever-increasing population. These initiatives can prove fruitful to the nonwoven furniture construction sheeting market as consumers in the region have rising disposable incomes and are getting aware regarding indoor furniture enhancements.

Meanwhile, the environment-friendliness of nonwoven furniture sheets be helpful for the market to gain traction in Europe owing to increased levels of pollution and growing demand for cost-effective construction materials.

Manufacturers of the nonwoven furniture sheets are devising plans to strengthen their market positions by acquiring or merging with other players. For instance, Fibertex Nonwovens successfully acquired an advanced spunlace production site in South Carolina. They have gained over 20 acres of industrial landmass, which can help them expand their production capacity in the region.

Furthermore, Fitesa has heavily invested in a site at South Carolina that will produce the highly advanced Reicofil 5 spunbonded nonwovens, starting from 2022. Such business ventures will prove beneficial for the proliferation of the nonwoven furniture construction sheeting market.

tea
Archives, Global Trade Daily, Imports/Exports

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

Leave a comment

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

pineapple
Archives, Global Trade Daily, Imports/Exports

Asia’s Pineapple Market – Japan and China Account for 55% of Total Imports in the Region

Leave a comment

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

The revenue of the pineapple market in Asia amounted to $12.1B in 2018, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

The market value increased at an average annual rate of +2.7% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2014 with an increase of 5.5% against the previous year. Over the period under review, the pineapple market attained its maximum level in 2018 and is expected to retain its growth in the near future.

Consumption By Country

The countries with the highest volumes of pineapple consumption in 2018 were the Philippines (2.3M tonnes), Thailand (2.1M tonnes) and Indonesia (1.8M tonnes), with a combined 53% share of total consumption. These countries were followed by India, China, Viet Nam and Taiwan, which together accounted for a further 38%.

From 2013 to 2018, the most notable rate of growth in terms of pineapple consumption, amongst the main consuming countries, was attained by China, while pineapple consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest pineapple markets in Asia were Thailand ($3B), China ($2.2B) and the Philippines ($1.9B), with a combined 59% share of the total market. These countries were followed by India, Indonesia, Viet Nam and Taiwan, Chinese, which together accounted for a further 34%.

The countries with the highest levels of pineapple per capita consumption in 2018 were Thailand (30 kg per person), the Philippines (21 kg per person) and Taiwan (17 kg per person).

From 2013 to 2018, the most notable rate of growth in terms of pineapple per capita consumption, amongst the main consuming countries, was attained by China, while pineapple per capita consumption for the other leaders experienced more modest paces of growth.

Production in Asia

In 2018, approx. 12M tonnes of pineapples were produced in Asia; leveling off at the previous year. The total output volume increased at an average annual rate of +1.5% from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The general positive trend in terms of pineapple output was largely conditioned by mild growth of the harvested area and a relatively flat trend pattern in yield figures.

Production By Country

The countries with the highest volumes of pineapple production in 2018 were the Philippines (2.7M tonnes), Thailand (2.1M tonnes) and Indonesia (1.8M tonnes), together accounting for 57% of total production. India, China, Viet Nam and Taiwan, Chinese lagged somewhat behind, together accounting for a further 37%.

From 2013 to 2018, the most notable rate of growth in terms of pineapple production, amongst the main producing countries, was attained by China, while pineapple production for the other leaders experienced more modest paces of growth.

Harvested Area in Asia

The pineapple harvested area stood at 425K ha in 2018, shrinking by -1.8% against the previous year. Overall, the pineapple harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when harvested area increased by 6.3% y-o-y. In that year, the pineapple harvested area reached its peak level of 433K ha, and then declined slightly in the following year.

Yield in Asia

In 2018, the average yield of pineapples in Asia amounted to 27 tonne per ha, remaining relatively unchanged against the previous year. Over the period under review, the pineapple yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when yield increased by 4.9% against the previous year. In that year, the pineapple yield attained its peak level of 28 tonne per ha. From 2016 to 2018, the growth of the pineapple yield remained at a somewhat lower figure.

Imports in Asia

In 2018, the imports of pineapples in Asia amounted to 521K tonnes, surging by 1.7% against the previous year.

In value terms, pineapple imports amounted to $370M (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +4.6% from 2013 to 2018. The most prominent rate of growth was recorded in 2016 with an increase of 25% against the previous year. In that year, pineapple imports attained their peak of $372M. From 2017 to 2018, the growth of pineapple imports remained at a somewhat lower figure.

Imports by Country

Japan (159K tonnes) and China (126K tonnes) represented roughly 55% of total imports of pineapples in 2018. South Korea (78K tonnes) held the next position in the ranking, distantly followed by the United Arab Emirates (37K tonnes) and Singapore (24K tonnes). All these countries together held approx. 27% share of total imports. The following importers – Turkey (19K tonnes) and Saudi Arabia (16K tonnes) – together made up 6.8% of total imports.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($130M), China ($79M) and South Korea ($64M) constituted the countries with the highest levels of imports in 2018, with a combined 74% share of total imports.

Import Prices by Country

In 2018, the pineapple import price in Asia amounted to $709 per tonne, going up by 4.5% 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 ($826 per tonne), while Singapore ($362 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

grape
Archives, Global Trade Daily, Imports/Exports

Rising Demand in China Drives Grape Market in Asia-Pacific

Leave a comment

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

The revenue of the grape market in Asia-Pacific amounted to $35.2B in 2018, going up by 5.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The total market indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +5.9% over the last eleven-year period. The level of grape consumption peaked in 2018 and is expected to retain its growth in the near future.

Consumption By Country in Asia-Pacific

The country with the largest volume of grape consumption was China (14M tonnes), accounting for 66% of total volume. Moreover, grape consumption in China exceeded the figures recorded by the second-largest consumer, India (2.9M tonnes), fivefold. Australia (1.8M tonnes) ranked third in terms of total consumption with a 8.2% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in China totaled +7.1%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+5.5% per year) and Australia (+1.5% per year).

In value terms, China ($21B) led the market, alone. The second position in the ranking was occupied by India ($4.7B). It was followed by Australia.

The countries with the highest levels of grape per capita consumption in 2018 were New Zealand (92 kg per person), Australia (71 kg per person) and Afghanistan (24 kg per person).

Market Forecast 2019-2025 in Asia-Pacific

Driven by increasing demand for grape in Asia-Pacific, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.2% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 29M tonnes by the end of 2025.

Production in Asia-Pacific

In 2018, the amount of grapes produced in Asia-Pacific stood at 21M tonnes, jumping by 6.1% against the previous year. The total output indicated a buoyant increase from 2007 to 2018: its volume increased at an average annual rate of +5.8% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, grape production increased by +86.7% against 2007 indices. The most prominent rate of growth was recorded in 2012 with an increase of 18% year-to-year. The general positive trend in terms of grape output is largely conditioned by a resilient increase of the harvested area and slight growth in yield figures.

Production By Country in Asia-Pacific

China (14M tonnes) remains the largest grape producing country in Asia-Pacific, comprising approx. 66% of total volume. Moreover, grape production in China exceeded the figures recorded by the second-largest producer, India (3.1M tonnes), fivefold. The third position in this ranking was occupied by Australia (1.9M tonnes), with a 8.8% share.

In China, grape production increased at an average annual rate of +6.9% over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: India (+5.7% per year) and Australia (+1.8% per year).

Harvested Area in Asia-Pacific

In 2018, the total area harvested in terms of grapes production in Asia-Pacific amounted to 1.3M ha, increasing by 4.6% against the previous year. The harvested area increased at an average annual rate of +4.1% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.

Yield in Asia-Pacific

The average grape yield totaled 16 tonne per ha in 2018, standing approx. at the previous year. The yield figure increased at an average annual rate of +1.7% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review.

Exports in Asia-Pacific

In 2018, the amount of grapes exported in Asia-Pacific amounted to 773K tonnes, growing by 11% against the previous year. Overall, grape exports continue to indicate prominent growth. In value terms, grape exports amounted to $1.2B (IndexBox estimates) in 2018.

Exports by Country

China, Hong Kong SAR (201K tonnes), Afghanistan (176K tonnes), India (172K tonnes), and Australia (124K tonnes)  represented roughly 87% of total exports of grapes in 2018.

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

In value terms, the largest grape supplying countries in Asia-Pacific were China, Hong Kong SAR ($369M), Australia ($286M) and India ($275M), with a combined 77% share of total exports.

Export Prices by Country

In 2018, the grape export price in Asia-Pacific amounted to $1,569 per tonne, coming down by -5.1% against the previous year. Overall, the grape export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of 13% against the previous year. In that year, the export prices for grapes reached their peak level of $1,821 per tonne. From 2012 to 2018, the growth in terms of the export prices for grapes remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Australia ($2,306 per tonne), while Afghanistan ($595 per tonne) was amongst the lowest.

Imports in Asia-Pacific

In 2018, the amount of grapes imported in Asia-Pacific stood at 1.2M tonnes, growing by 15% against the previous year. Overall, grape imports continue to indicate buoyant growth. Over the period under review, grape imports reached their maximum in 2018 and are expected to retain its growth in the immediate term. In value terms, grape imports totaled $2.6B (IndexBox estimates) in 2018.

Imports by Country

In 2018, China (277K tonnes) and China, Hong Kong SAR (238K tonnes) represented the major importers of grapes in Asia-Pacific, together generating 44% of total imports. Thailand (158K tonnes) ranks next in terms of the total imports with a 13% share, followed by Indonesia (11%), South Korea (5.6%) and Pakistan (4.6%). Japan (41K tonnes), the Philippines (35K tonnes), Malaysia (34K tonnes), Australia (29K tonnes), Viet Nam (27K tonnes) and Taiwan, Chinese (26K tonnes) followed a long way behind the leaders.

From 2007 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, the largest grape importing markets in Asia-Pacific were China ($628M), China, Hong Kong SAR ($497M) and Thailand ($410M), with a combined 59% share of total imports. Indonesia, South Korea, Pakistan, Japan, Malaysia, Australia, Taiwan, Chinese, Viet Nam and the Philippines lagged somewhat behind, together accounting for a further 36%.

Import Prices by Country

The grape import price in Asia-Pacific stood at $2,224 per tonne in 2018, going down by -2.7% against the previous year. Over the last eleven years, it increased at an average annual rate of +2.0%. The level of import price peaked at $2,366 per tonne in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Taiwan ($2,672 per tonne), while the Philippines ($1,625 per tonne) was amongst the lowest.

Source: IndexBox AI Platform