Construction Boom Keeps Global Hardboard Exports Solid

August 13th, 2021 IndexBox Leave a comment

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

Global hardboard exports increased by +1.1% y-o-y to 3.6M cubic meters last year. Germany heads the list of the largest hardboard exporters worldwide, supplying 45% of its export volume to the U.S., France and Poland. In 2020, Brazil, Thailand, Romania, Turkey, Spain, Belgium and Canada recorded the most prominent export growth.

Hardboard Exports by Country

In 2020, the amount of hardboard exported worldwide grew by +1.1% to 3.6M cubic meters. In value terms, hardboard exports accounted for $2B (IndexBox estimates) last year.

Germany (959K cubic meters), distantly followed by France (426K cubic meters), Belgium (398K cubic meters), and Poland (394K cubic meters) were the largest exporters of hardboard, together comprising 60% of total exports. The following exporters – China (140K cubic meters), Brazil (138K cubic meters), Russia (108K cubic meters), Belarus (103K cubic meters), Canada (92K cubic meters), Thailand (74K cubic meters), Turkey (68K cubic meters), Spain (67K cubic meters) and Romania (64K cubic meters) – together made up 24% of total exports.

In 2020, Brazil, Thailand, Romania, Turkey, Spain, Belgium and Canada displayed the highest paces of growth. Last year, Brazil emerged as the fastest-growing exporter worldwide. Russia experienced a relatively flat trend pattern. By contrast, France, Poland, Belarus and China illustrated a downward trend over the same period.

In value terms, Germany ($815M) remains the largest hardboard supplier worldwide, comprising 40% of global exports. The second position in the ranking was occupied by Poland ($239M), with a 12% share of global exports. It was followed by France, with a 7% share.

In 2020, the average hardboard export price amounted to $561 per cubic meter, waning by -1.9% against the previous year. In 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the other global leaders experienced more modest paces of growth.

Major Markets for Hardboard Supplied from Germany

The U.S. (224K cubic meters), France (114K cubic meters) and Poland (90K cubic meters) were the main destinations of hardboard exports from Germany, together accounting for 45% of total exports. In 2020, the highest increase in supplied volume was in the U.S., while shipments for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($191M) remains the key foreign market for hardboard exports from Germany, comprising 23% of total exports. The second position in the ranking was occupied by France ($94M), with a 12% share of total exports. It was followed by Poland, with a 7.4% share.

Source: IndexBox Platform

Archives, Global Trade Daily, News

Single-Family Construction Boom to Support the American Paint and Coating Market

March 24th, 2021 IndexBox Leave a comment

The U.S. paint and coating market was seriously hurt by the pandemic, with the drop in demand observed for all types of paints. From the second half of 2020, growing suburban construction promotes a revival of the industry. China currently features as a key export market. However, India’s government-driven residential construction plan could make the country an attractive destination for American exporters.

Suburban Construction Supports the U.S. Paint and Coatings Market While the Industrial Sector Languishes

According to a new report published by IndexBox, the U.S. paint and coatings market is estimated at approx. $22.2B. As a result of the pandemic and subsequent plunge in downstream industries’ output, the market declined by 18% compared to the previous year. A drop in demand was recorded for the major consuming industries: automotive, renovation and construction, oil and gas, and shipbuilding.

Architectural coatings account for about 60% of the total production. The demand for this product reduced by 15% due to a decrease in construction in the first half of 2020. The industrial OEM coatings segment holds a 28% share of the paints and coatings market. During the pandemic, the consumption of industrial coatings decreased by 9.5%.

The current surge of U.S. housing construction is expected to become the main driver of the architectural coatings market. After the pandemic started, the demand for new housing increased significantly under low mortgage rates. More people seek places to isolate themselves, while rising unemployment forces people to relocate to suburbs with affordable housing prices.

Should the pandemic wane in 2021, another incentive for pain and coating consumption is expected to come from the planned renewal of the U.S. airliner fleet and the space industry’s growth. Although the U.S. aerospace industry has been significantly affected by the COVID-19 lockdowns, the defense sector is expected to remain stable and to feature a slow growth in 2021-2027.

With New Residential Construction Plan, India the May Emerge as Attractive Export Destination

In 2019, U.S. overseas shipments of paints and coatings amounted to $2.9B (IndexBox estimates). Canada ($1.2B), Mexico ($707M), and China ($125M) appeared to be the largest export markets for American suppliers, together comprising 69% of total exports.

Over the medium term, the Asia-Pacific is expected to feature the largest increase in construction activity, especially in China and India. Their governments are planning to invest additional funds in housing construction. In particular, India launched the “Housing for All by 2022” program, with investments of about $1.3 trillion. Although India doesn’t currently feature as a top export destination for paints and coatings from the U.S., the planned surge in construction appears to be a powerful growth driver.

The average paint and coating export price stood at $3,188 per tonne in 2019. Prices varied noticeably by the country of destination; the country with the highest price was China ($4,864 per tonne), while the average price for exports to Mexico ($2,035 per tonne) was amongst the lowest. From 2013 to 2019, the most notable growth rate in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced mixed trend patterns.

Source: IndexBox AI Platform

Archives, Global Trade Daily, Imports/Exports

Global Iron Or Steel Pipe And Tube Market Increased to $124.6B

March 14th, 2020 IndexBox Leave a comment

IndexBox has just published a new report: ‘World – Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The revenue of the market for tubes, pipes and hollow profiles (of iron or steel) worldwide amounted to $124.6B in 2018, rising by 3.9% 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).

Consumption By Country

China (23M tonnes) constituted the country with the largest volume of consumption of tubes, pipes and hollow profiles (of iron or steel), comprising approx. 21% of total volume. Moreover, consumption of tubes, pipes and hollow profiles (of iron or steel) in China exceeded the figures recorded by the second-largest consumer, India (10M tonnes), twofold. Russia (9M tonnes) ranked third in terms of total consumption with a 8.4% share.

In China, consumption of tubes, pipes and hollow profiles (of iron or steel) remained relatively stable over the period from 2007-2018.

Production 2007-2018

In 2018, the amount of tubes, pipes and hollow profiles (of iron or steel) produced worldwide amounted to 109M tonnes, rising by 2.2% against the previous year. In general, production of tubes, pipes and hollow profiles (of iron or steel) continues to indicate a relatively flat trend pattern. Over the period under review, global production of tubes, pipes and hollow profiles (of iron or steel) reached its maximum volume in 2018 and is likely to see steady growth in the near future.

Production By Country

China (30M tonnes) remains the largest iron or steel pipe and tube producing country worldwide, comprising approx. 28% of total volume. Moreover, production of tubes, pipes and hollow profiles (of iron or steel) in China exceeded the figures recorded by the second-largest producer, India (11M tonnes), threefold. The third position in this ranking was occupied by Russia (11M tonnes), with a 9.9% share.

From 2007 to 2018, the average annual growth rate of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: India (+10.7% per year) and Russia (+2.0% per year).

Exports 2007-2018

Global exports totaled 45M tonnes in 2018, growing by 7.3% against the previous year. Over the period under review, exports of tubes, pipes and hollow profiles (of iron or steel), however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by 20% y-o-y. The global exports peaked at 49M tonnes in 2008; however, from 2009 to 2018, exports failed to regain their momentum. In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) amounted to $58.4B (IndexBox estimates) in 2018.

Exports by Country

In 2018, China (8.3M tonnes), distantly followed by Italy (3,421K tonnes), South Korea (3,392K tonnes), Germany (3,023K tonnes), Russia (2,472K tonnes) and Japan (2,157K tonnes) were the major exporters of tubes, pipes and hollow profiles (of iron or steel), together committing 51% of total exports. The following exporters – Turkey (1,995K tonnes), India (1,884K tonnes), Mexico (1,841K tonnes), Canada (1,233K tonnes), the U.S. (1,179K tonnes) and Austria (772K tonnes) – together made up 20% of total exports.

China experienced a relatively flat trend pattern of tubes, pipes and hollow profiles (of iron or steel) exports. At the same time, South Korea (+8.2%), Mexico (+7.9%), Russia (+6.7%), Turkey (+2.3%) and India (+2.3%) displayed positive paces of growth. Italy and Austria experienced a relatively flat trend pattern. By contrast, Canada (-1.4%), Germany (-2.0%), the U.S. (-2.6%) and Japan (-3.8%) illustrated a downward trend over the same period.

Export Prices by Country

In 2018, the average export price for tubes, pipes and hollow profiles (of iron or steel) amounted to $1,300 per tonne, rising by 2.8% against the previous year. Over the period under review, the export price for tubes, pipes and hollow profiles (of iron or steel), however, continues to indicate a slight downturn.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($2,287 per tonne), while Turkey ($836 per tonne) was amongst the lowest.

Imports 2007-2018

Global imports stood at 43M tonnes in 2018, picking up by 7.4% against the previous year. Over the period under review, imports of tubes, pipes and hollow profiles (of iron or steel), however, continue to indicate a relatively flat trend pattern. In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) amounted to $62.8B (IndexBox estimates) in 2018.

Imports by Country

In 2018, the U.S. (6.7M tonnes), distantly followed by Germany (2,210K tonnes) were the main importers of tubes, pipes and hollow profiles (of iron or steel), together comprising 21% of total imports. Australia (1,928K tonnes), Canada (1,581K tonnes), France (1,387K tonnes), Saudi Arabia (1,169K tonnes), Mexico (1,073K tonnes), Poland (970K tonnes), Italy (933K tonnes), the UK (926K tonnes), the United Arab Emirates (899K tonnes) and the Netherlands (876K tonnes) held a little share of total imports.

In value terms, the U.S. ($10B) constitutes the largest market for imported tubes, pipes and hollow profiles (of iron or steel) worldwide, comprising 16% of global imports. The second position in the ranking was occupied by Germany ($3.4B), with a 5.4% share of global imports. It was followed by Australia, with a 4.1% share.

Import Prices by Country

The average import price for tubes, pipes and hollow profiles (of iron or steel) stood at $1,460 per tonne in 2018, rising by 8.1% against the previous year.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($1,988 per tonne), while the United Arab Emirates ($1,205 per tonne) was amongst the lowest.

Source: IndexBox AI Platform