European Bicycle Imports Peak at $3.6B

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European Bicycle Imports Peak at $3.6B

March 13th, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘EU – Bicycles And Other Cycles (Not Motorized) – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.

European bicycle imports grew from $3.4B in 2019 to $3.6B in 2020, while in physical terms, imports slightly decreased by -3% y-o-y to 14M units. The supplies to the Netherlands, Germany and France comprise 58% of bicycles imported in the EU, while Austria recorded the highest import value growth last year. In 2020, the average bicycle import price in the EU grew by +3.9% y-o-y to $262 per unit.

Bicycle Imports in the EU

Bicycle imports in the EU dropped slightly to 14M units in 2020, decreasing by -3% in 2019. In value terms, bicycle imports grew from $3.4B in 2019 to $3.6B (IndexBox estimates) in 2020.

The Netherlands (3.5M units), Germany (2.7M units) and France (1.9M units) represented roughly 58% of total imports of bicycles and other cycles in 2020. They were distantly followed by Spain (1M units), which accounted for 7.2% of total imports. Poland (597K units), Austria (472K units), Sweden (469K units), Italy (456K units), Belgium (392K units), Denmark (352K units), the Czech Republic (280K units), Finland (263K units) and Ireland (233K units) followed a long way behind the leaders.

In value terms, the largest bicycle importing markets in the EU were Germany ($791M), the Netherlands ($768M) and France ($438M), together comprising 55% of total imports. Austria, Spain, Belgium, Italy, Sweden, Denmark, the Czech Republic, Poland, Finland and Ireland lagged somewhat behind, together accounting for a further 38%. In terms of the main importing countries, Austria (+86.4% per year) saw the highest growth rate of the value of imports last year.

In 2020, the bicycle import price in the EU amounted to $262 per unit, picking up by +3.9% 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 Austria ($567 per unit), while Ireland ($156 per unit) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Archives, Global Trade Daily, News

EU Electric Locomotive Trade Peaks at $1.1B

February 9th, 2022 IndexBox Leave a comment

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

In Q1-Q3 2021, trade on the EU electric locomotive market soared by 86% compared to the same period a year earlier, reaching $609M. During the entire 2021, electric locomotive exports in the EU are to exceed the record $1.1B. High-speed rail traffic in the EU is to double by 2030, shaping promising prospects for the locomotive market.

In Q1-Q3 2021, exports of electric locomotives in the EU amounted to $609M, surging by 86% compared to the same period of 2020. The EU total supplies are set to surpass $1.1B in 2021 (IndexBox estimates).

Germany remains the leading European country with the highest export value of electric locomotives. Over the period under review, supplies from Germany rose by 64% to $372M against Q1-Q3 2020.

In the context of the decarbonization plan, the market for electric locomotives, an eco-friendly transport type, has massive potential for development. As stated by the European Commission, only about 7% of passengers and 11% of goods in Europe travel by rail. High-speed rail traffic to double across the EU by 2030, and scheduled collective travel for journeys under 500 km should be carbon neutral; rail freight traffic is expected to rise twofold as well by 2050. The targets mentioned above induce an excellent potential for the electric locomotive market in Europe.

EU Electric Locomotive Exports by Country

Electric locomotive exports in the EU shrank modestly from $624M in 2019 to $623M in 2020. Germany ($499M) remains the largest electric locomotive supplier in the EU, comprising 80% of the total value. The second position in the ranking was occupied by France ($83M), with a 13% share of total exports. It was followed by Sweden, with a 1.7% share. They were followed by the Czech Republic, Spain, Slovakia, Denmark and the other countries.

In Germany, electric locomotive exports expanded at an average annual rate of +5.9% from 2007-to 2020. The highest annual growth rate was attained by the Czech Republic (+7.3%), while France (-1.6% per year) and Slovakia (-4.2% per year) experienced negative paces of growth.

Source: IndexBox Platform

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U.S. Ammonium Sulphate Imports Reach 803K Tonnes

February 8th, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘U.S. – Ammonium Sulphate – Market Analysis, Forecast, Size, Trends And Insights‘. Here is a summary of the report’s key findings.

U.S. Ammonium Sulphate Imports

Ammonium sulphate imports into the U.S. soared to 803K tonnes in 2020, with an increase of 63% against the year before. In value terms, purchases skyrocketed to $178M (IndexBox estimates).

Canada (432K tonnes) constituted the largest ammonium sulphate supplier to the U.S., with a 54% share of total imports. Moreover, ammonium sulphate imports from Canada exceeded the figures recorded by the second-largest supplier, Belgium (128K tonnes), threefold. The third position in this ranking was occupied by the Netherlands (85K tonnes), with a 11% share.

In value terms, Canada ($110M) constituted the largest supplier of ammonium sulphate to the U.S., comprising 61% of total supplies. The second position in the ranking was occupied by Belgium ($22M), with a 12% share of total value. It was followed by the Netherlands, with a 9.6% share.

In 2020, the supplies from Canada and the Netherlands grew twofold and threefold, respectively. Imports from Belgium rose by 10.5% y/y.

The average ammonium sulphate import price amounted to $222 per tonne in 2020, remaining relatively stable against the previous year. Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were Canada ($253 per tonne) and Germany ($216 per tonne), while the price for Belgium ($170 per tonne) and Russia ($170 per tonne) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Archives, Global Trade Daily, Imports/Exports, News

EU Olive Oil Production to Gain 13% Through 2030 on High Export Demand

January 26th, 2022 IndexBox Leave a comment

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

High prices and growing demand in the olive oil market have spurred investments to expand and mechanize plantations that will automate the production process. This will enable increased production in the EU from a projected 2.2M tonnes in 2021 to 2.3M tonnes by 2025. Thanks to rising demand from Asia, top European exporters – Spain, Italy and Portugal – will be able to boost shipments.

Key Trends and Insights

High prices for olive oil in 2020-2021 have prompted an influx of investments to expand plantation sizes in Spain, Italy and Portugal. Olive oil production is becoming completely mechanized from planting trees to harvesting the product. This facilitates minimizing waste and achieving high quality and that improves profitability. Based on projections from the EU Agricultural Outlook 2021-31, IndexBox calculates that in 2021 EU olive oil production will total 2.2M tonnes, then by 2025 increase to 2.3M tonnes and in the following years, it will steadfastly grow to reach 2.5M tonnes by 2031. In Greece, land allocated for plantations will be reduced, however, the country will retain its status as one of the leading exporters.

Climate change, drought and water scarcity will be the key negative factors hindering production growth. To mitigate that, new olive tree varieties that are more resistant to extreme weather conditions will be introduced for new plantations and to replace current ones.

Consumption per capita of olive oil in EU countries, excluding Italy, Spain, Portugal and Greece, will rise about 4% annually, but remain relatively low (1.3 kg/person by 2025). At the same time, the arithmetic mean of per capita consumption in Italy, Spain, Portugal and Greece will decline from 9.3 kg/person in 2021 to 8.9 kg/person in 2025.

Demand from non-European countries is growing and thus driving a projected increase in the total EU olive oil shipments to outside the union from an estimated 860K tonnes in 2021 to 949K tonnes in 2025. The main gains in exports come from those countries without domestic production. In these cases, the main focus is on shipments of high-quality bottled and organic olive oil.

Portugal and Spain should significantly solidify their leadership positions in global exports thanks to heightened demand in Asia-Pacific as well as potentially increased shipments to Brazil. Spain is the largest olive oil supplier with a market share of 43% of global exports. Growing competition from producers in the southern hemisphere is forecast to not significantly influence the EU’s position on the international market.

Virgin Olive Oil Exports in the EU

In 2020, the amount of virgin olive oil exported in the EU expanded to 1.5M tonnes, growing by 11% against 2019 figures. In value terms, supplies reached $5.2B (IndexBox estimates).

Spain represented the major exporting country with an export of about 852K tonnes, which accounted for 56% of total exports. It was distantly followed by Italy (311K tonnes), Portugal (177K tonnes) and Greece (165K tonnes), together creating a 43% share of total supplies.

In value terms, Spain ($2.5B), Italy ($1.4B) and Portugal ($569M) appeared to be the countries with the highest levels of exports in 2020, together comprising 87% of total exports. Greece lagged somewhat behind, accounting for a further 10%.

In 2020, the virgin olive oil export price in the EU amounted to $3,371 per tonne, falling by -6.2% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Italy ($4,481 per tonne), while Spain ($2,960 per tonne) was amongst the lowest.

Source: IndexBox Platform

Archives, EU Trade, Global Trade Daily

European Fish Fat and Oil Exports Surge with Growing Supplies from Denmark

December 30th, 2021 IndexBox Leave a comment

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

European fish fat and oil exports increased by +23% y-o-y to $541M in 2020. In physical terms, exports rose +12% y-o-y to 251K tonnes. Denmark remains the most significant European fish fat supplier, accounting for 60% of total export volume in the EU, followed by France and the Netherlands. All these countries increased their export value last year. The average fish fat and oil export price in the EU spiked by +10% y-o-y to $2,155 per tonne in 2020.

European Fish Fat and Oil Exports

Fish fat and oil exports expanded remarkably to 251K tonnes in 2020, picking up by +12% compared with the previous year’s figure. In value terms, fish fat and oil exports skyrocketed by +23.4% y-o-y to $541M (IndexBox estimates) in 2020.

In 2020, Denmark (150K tonnes) represented the largest exporter of fish fats and oils, constituting 60% of total exports. France (26K tonnes) held an 11% share (based on tonnes) of total exports, which put it in second place, followed by the Netherlands (8.6%), Germany (6.3%) and Spain (4.7%). The following exporters – Latvia (8.4K tonnes) and Poland (6.4K tonnes) – each accounted for a 5.9% share of total exports.

In value terms, Denmark ($297M) remains the most prominent fish fat and oil supplier in the EU, comprising 55% of total exports. The second position in the ranking was occupied by the Netherlands ($69M), with a 13% share, followed by France, with a 10% share.

In Denmark, fish fat and oil exports increased by +21.8% y-o-y in 2020. Exports from the Netherlands jumped by +64.0% y-o-y, while France recorded a +12.7%-increase in exports.

In 2020, the average export price for fish fat and oil in the EU grew by 10% y-o-y to $2,155 per tonne. Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($3,194 per tonne), while Latvia ($1,057 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Denmark, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Archives, Global Trade Daily, News

EU Veterinary Vaccine Trade to Surpass Last Year’s $1.7B

December 29th, 2021 IndexBox Leave a comment

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

Over the first half of 2021, total EU veterinary vaccine exports amounted to $758M, increasing by 13 percent compared with last year’s same period. Given this increase, supplies may overcome the $1.7B figure of 2020 by the year-end. The key veterinary vaccine exporters are Spain, France, Belgium, Hungary, Italy, the Czech Republic and Germany, providing 95 percent of the total supplies in the EU. Belgium recorded the most notable increase in the volume of exports last year.

Veterinary Vaccine Exports in the EU

In the first half of 2021, veterinary vaccine export value in the EU estimated at $758M, a 13 percent-surge compared to the same period of the previous year. In 2020, 15K tonnes of vaccines were exported worth $1.7B (IndexBox estimates).

Spain (3.8K tonnes), France (2.9K tonnes), Belgium (2.4K tonnes), Hungary (1.8K tonnes), Italy (1.3K tonnes), the Czech Republic (1K tonnes), and Germany (0.7K tonnes) supplied roughly 95 percent of the total volume in 2020.

Belgium experienced the highest spike in veterinary vaccine exports during the last year, with the volume of supplies rising from 2.1K to 2.4K tonnes.

In value terms, France ($515M), Spain ($336M) and Belgium ($226M) appeared to be the countries with the highest levels of exports in 2020, with a combined 63 percent share of total exports. These countries were followed by Germany, Hungary, the Czech Republic and Italy, which accounted for a further 25 percent.

Source: IndexBox Platform

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Belgium Overtakes Germany as Second-Largest Biodiesel Exporter Worldwide

December 7th, 2021 IndexBox Leave a comment

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

This year, Belgium is overtaking Germany to emerge as the second-largest biodiesel exporter in the world. From January to July 2021, Belgium supplied biodiesel worth $2.1B abroad, while Germany’s exports were estimated at $1.8B. The Netherlands keeps the leading position with a biodiesel export value of $4.2B. In 2020, Germany ($2.3B) followed the Netherlands ($4.6B) in global export ranking, while Belgium ($1.5B) took third place. The average biodiesel export price grew by +11% y-o-y to $979 per tonne in 2020.

Global Biodiesel Exports by Country

Over the period from January to July 2021, the Netherlands remains the top biodiesel exporter worldwide, with a $4.2B value of the shipments abroad. Belgium ($2.1B) took second place in the global export ranking, followed by Germany ($1.8B).

In 2020, the amount of biodiesel exported worldwide amounted to 16M tonnes. In value terms, biodiesel exports were estimated at $15.9B (IndexBox estimates).

Last year, the Netherlands (4.7M tonnes), distantly followed by Germany (2.3M tonnes), Belgium (1.6M tonnes), Spain (1.5M tonnes), and China (0.9M tonnes) were the significant biodiesel exporters, together creating 70% of total exports. The following exporters – Argentina (597K tonnes), France (557K tonnes), Italy (494K tonnes), the U.S. (476K tonnes), Malaysia (402K tonnes), Canada (397K tonnes), Poland (365K tonnes) and Austria (289K tonnes) – together made up 23% of total exports.

In value terms, the Netherlands ($4.6B), Germany ($2.3B) and Belgium ($1.5B) constituted the countries with the highest levels of exports in 2020, with a combined 55% share of global exports. These countries were followed by Spain, China, Italy, France, Argentina, the U.S., Canada, Malaysia, Austria and Poland, which accounted for 38%.

Italy saw the highest growth rate of the value of exports in 2020, while shipments for the other global leaders experienced more modest paces of growth. The value of biodiesel exported from Italy rose from $719M to $1.1B.

The average biodiesel export price stood at $979 per tonne in 2020, rising by +11% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was Italy ($1,289 per tonne), while Argentina ($784 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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4 Pivotal Trends Driving Refrigerator Market Growth through 2027

December 2nd, 2021 Global Market Insights Leave a comment

The refrigerator market size is poised to register substantial proceeds over the ensuing years, propelled by the surging demand for VCM sheets owing to their fingerprint resistive coating and superior finish. Numerous industry players are rolling out new models with VCM sheet refrigerators for catering to the rising product demand.

For instance, in March 2021, Samsung Electronics launched the 4-Door Flex refrigerator series. The most recent array comprises the Family Hub, Bespoke, and Stainless Steel that serve as the latest bid of Samsung for catering to consumers in the unprecedented new norms of the day.

Owing to similar advancements and as per the latest research by Global Market Insights, Inc., the refrigerator market share is expected to surpass USD 150 billion by 2027 end.

However, the market supply chain has been impacted due to the coronavirus pandemic on account of the shut down of electronics manufacturing industries, affecting the sales of refrigerators in 2020. The manufacturers faced difficulties in order fulfillment and product deliveries, leading to the decline of revenue in the first quarter of 2020.

Owing to disturbed supply chain, escalated logistics challenges, and increased lead times, industry participants are persistently monitoring product development strategies for the mitigation of risks and impelling refrigerator industry expansion through the estimated period.

Some of the prominent trends that are likely to push the demand for different types of refrigerators are as follows:

Increasing R&D in Europe

The European refrigerator market value is expected to register considerable growth over the projected period, driven by the presence of numerous refrigerator manufacturers comprising Liebherr Group, Electrolux AB, and BSH Hausgerate GmbH.

These organizations are playing a vital role in R&D investment initiatives for the development of new products incorporating an array of advanced technologies.

Soaring demand for electronic-controlled refrigerators

Electronic-controlled refrigerators are set to witness high demand across the globe impelled by their multiple benefits including wireless monitoring and precise temperature control. Driven by the surging demand, companies are focusing on the launch of innovative and electronically controlled refrigerators for strengthening their position in the market.

Considering an instance, in October 2020, Motorola rolled out new Motorola smart refrigerators with an initial price of nearly USD 700 and a capacity of up to 592L.

The rising popularity of smart refrigerators

The smart refrigerator demand is propelled by the escalating consumer preferences towards connected home appliances that have improved capabilities and features. Meanwhile, the rising smartphone and internet penetration is anticipated to support the adoption of smart refrigerators in households.

Reversible door refrigerators are expected to depict a high growth potential owing to their ability to provide convenient side opening for the minimization of user efforts. In addition, these refrigerators provide aesthetic appeal to kitchens.

Corporate strategies of major market players

Key participants in the refrigerator industry comprise Bosch Group, Electrolux AB, Samsung Electronics, LG Electronics, Inc., Siemens AG, Whirlpool Corporation, Haier Group Corporation, Panasonic Corporation, Midea Group, and Liebherr Group, among others.

These companies are introducing new products with improved features by making use of state-of-the-art Industry 4.0 technologies. To cite an instance, in January 2020, LG and Samsung introduced AI-powered refrigerators at CES 2020. The products are equipped to identify food.

In a nutshell, an escalation in the standard of living of consumers and an increase in consumerism are expected to boost the demand for fresh food, thus stimulating refrigerator market share through the analysis period.

Source: Global Market Insights, Inc.

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The UK Ramps Up Imports of Stuffed Pasta and Couscous

November 28th, 2021 IndexBox Leave a comment

IndexBox has just published a new report: ‘United Kingdom – Stuffed Pasta And Couscous – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

UK imports of stuffed pasta and couscous grew by +15.8% y-o-y to $525M last year. Italy, China and France provide approximately 77% of the total volume imported into the UK. All these countries have significantly expanded their exports of stuffed pasta and couscous to the UK. Germany emerged as the fastest-growing supplier in terms of import value in 2020.

UK Imports of Stuffed Pasta and Couscous

In 2020, approx. 316K tonnes of stuffed pasta and couscous were imported into the UK, growing by +16% on the previous year. In value terms, pasta and couscous imports soared by +15.8% y-o-y to $525M (IndexBox estimates) in 2020.

In 2020, Italy (209K tonnes) constituted the largest supplier of pasta and couscous to the UK, with a 66% share of total imports. Moreover, pasta and couscous imports from Italy exceeded the figures recorded by the second-largest supplier, China (22K tonnes), tenfold. France (14K tonnes) ranked third in terms of total imports with a 4.3% share.

In value terms, Italy ($266M) constituted the largest supplier of pasta and couscous to the UK, comprising 51% of total imports. The second position in the ranking was occupied by China ($42M), with an 8% share of total imports, and it was followed by Germany, with a 7.7% share.

In 2020, the average annual growth rate of value from Italy totalled +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.0% per year) and Germany (+23.0% per year). Germany emerged as the fastest-growing exporter of stuffed pasta and couscous to the UK.

In 2020, the average pasta and couscous import price amounted to $1,664 per tonne, therefore, remained relatively stable against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was South Korea ($3,819 per tonne), while the price for Italy ($1,271 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other significant suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Archives, Global Trade Daily, Imports/Exports

Belgium Sharply Increases Imports of Additives for Lubricating Oils

November 24th, 2021 IndexBox Leave a comment

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

In 2020, Belgium’s imports of additives for lubricating oils rose substantially from 88K tonnes in 2019 to 145K tonnes in 2020. In value terms, imports grew to $436M. France, Italy and the U.S. dominate the Belgium’s imports, with a combined 80%-share of the total volume. All these countries ramped up their exports to Belgium significantly last year. The average import price of additives for lubricating oils dropped by -17.1% y-o-y to $3,018 per tonne.

Belgium’s Imports of Additives for Lubricating Oils

In 2020, approx. 145K tonnes of additives for lubricating oils were imported into Belgium, growing by +64% on 2019 figures. In value terms, additives for lubricating oils imports increased by +64.0% y-o-y to $436M (IndexBox estimates) in 2020.

In 2020, France (68K tonnes) constituted Belgium’s largest supplier of additives for lubricating oils, with a 47% share of total imports. Moreover, imports from France exceeded the figures recorded by the second-largest supplier, Italy (31K tonnes), twofold. The U.S. (17K tonnes) ranked third in total imports with a 12% share.

In 2020, imports from France rose by +37% y-o-y. Italy ramped its exports to Belgium by +81% y-o-y, while the U.S. increased the supplies fivefold.

In value terms, France ($195M), Italy ($109M) and the U.S. ($58M) were the largest suppliers to Belgium, with a combined 83% share of total imports. These countries were followed by the Netherlands, Germany, the UK and Mexico, which together accounted for a further 15%.

In 2020, the average import price for additives for lubricating oils amounted to $3,018 per tonne, declining by -17.1% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was Italy ($3,490 per tonne), while the price for the UK ($1,904 per tonne) was amongst the lowest. In 2020, the Netherlands attained the most notable price growth rate, while the prices for the other significant suppliers experienced a decline.

Source: IndexBox Platform

European Bicycle Imports Peak at $3.6B

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