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Boosting Shipments to Saudi Arabia and South Africa Push Poland’s Wheat Exports to $1B

wheat

Boosting Shipments to Saudi Arabia and South Africa Push Poland’s Wheat Exports to $1B

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

In 2020, Poland’s wheat exports skyrocketed to $1B, reaching the highest point ever. In physical terms, exports soared from 2.1M tonnes in 2019 to 4.7M tonnes in 2020. The leading importer of wheat from Poland, Saudi Arabia, increased its purchases more than twofold last year. South Africa became the second-largest importer, unprecedently boosting shipments to 773K tonnes. The average export price for wheat from Poland jumped by +7.5% y-o-y to $223 per tonne in 2020.

Poland’s Wheat Exports by Country

Wheat exports from Poland surged 2.1M tonnes in 2019 to 4.7M tonnes in 2020. In value terms, wheat exports surged from $432M to $1B (IndexBox estimates) in 2020. Over the past decade, Poland’s wheat exports rose from 984K tonnes to 4.7M tonnes in physical terms, or from $208M to $1B in value terms.

Saudi Arabia (1.7M tonnes) was the leading destination for wheat exports from Poland, with a 36% share of total exports. Moreover, wheat exports to Saudi Arabia exceeded the volume sent to the second major destination, South Africa (773K tonnes), twofold. Germany (675K tonnes) ranked third in terms of total exports with a 14% share.

Wheat supplies from Poland to Saudi Arabia grew from 0.7M tonnes in 2019 to 1.7M tonnes in 2020. Exports to South Africa rose from 51K tonnes to 773K tonnes over this period. Among other countries, Algeria (from 63K tonnes to 402K tonnes) and Germany (from 503K tonnes to 675K tonnes) also ramped up wheat imports from Poland.

In value terms, Saudi Arabia ($377M) remains the key foreign market for wheat exports from Poland, comprising 36% of total exports. The second position in the ranking was occupied by South Africa ($169M), with a 16% share of total exports, and it was followed by Germany, with a 14% share. In 2020, the average wheat export price amounted to $223 per tonne, rising by +7.5% against the previous year. Average prices varied noticeably for the major export markets.

In 2020, the highest prices were recorded for prices to Kenya ($233 per tonne) and Algeria ($230 per tonne), while the average prices for exports to Turkey ($215 per tonne) and Germany ($217 per tonne) were amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Tanzania, while the prices for the other significant destinations experienced more modest paces of growth.

 

Source: IndexBox Platform

freight

6 Tips On How To Properly Manage Your Commercial Freight

Freight transportation is crucial to the success and growth of many businesses. In fact, it can be said that without it, many companies simply would not exist. But with all of the advantages freight has to offer, there are often many reasons why businesses fail to use this valuable resource. Here are some tips on properly managing your commercial freight business to attract more customers and increase your revenue.

The Role Of Freight In World Economies

Freight is the transportation of goods and materials from one location to another. It involves logistics, which is the management of products in a supply chain. Freight also includes customs and border crossings when items are exchanged between countries. Without freight, countries would not be able to trade with each other. However, the fact remains that even on a regional basis, freight is necessary to maintain a smooth economy and satisfy the ever-increasing demand of consumers. With the rapid expansion of online commerce over the past five years, freight has become increasingly important in all of its forms. So what are some things that you can do to ensure that you are getting your share of the business?

Maintain Your Vehicles Properly

The importance of keeping delivery vehicles in good condition cannot be understated. They are arguably one of your most significant initial expenses, and by neglecting their maintenance, you could end up with substantial repair bills and lost income due to immobile trucks. This will ensure the safety of the drivers and passengers, as well as the cargo. Furthermore, it will reduce the cost of your truck repairs and maintenance to an acceptable level. It’s a well-known fact that the best way to avoid problems is to confront them before they happen. This is true with vehicle maintenance, as well.

Utilizing a proactive approach can help you avoid expensive and time-consuming repairs that may be necessary after the damage has already been done. To that end, it could be worthwhile setting up a garage in your depot staffed with mechanics capable of performing the relevant repair as quickly as possible to ensure little downtime. A great option is to teach your drivers to perform basic checks before setting out in your vehicles. The training should be done with a combination of videos and demonstrations. Videos would show the driver how to check all required items, while demonstrations would show them what to look for and how to do it.

Hire The Best Drivers

In order to be successful in the freight business, you need to find and hire the best drivers. This is because they are the people that will get your goods from one place to another safely and on time while also complying with all state and federal regulations. One of the factors that you will need to consider when hiring a driver is their past driving history. When you do this, you can better understand how they may perform on your trucking routes. A driver who has experience on routes near yours is much more likely to succeed than one who has no experience in your area. Another critical factor is the amount of time they have been driving for companies like yours. In addition, veteran drivers are likely to be much more skilled than those new to the industry, but you can also expect to pay more.

Invest In Technology

Technology is a powerful tool that can be used to make the freight industry more efficient. It has allowed for the automation of many processes and will continue to do so in the future. Freight companies need to keep track of their inventories and customers’ orders. This means they need a comprehensive yet straightforward system. A freight management software can manage all the inventory and shipment data. It will be able to show companies where their inventory is and what quantity is needed for future orders. The customer-facing website can provide information about returned merchandise, shipping status, and tracking numbers. It will also handle the process for initiating exchanges or returns and providing downloadable packing slips and invoices.

Ensure You Are In Compliance With All Applicable Laws

Compliance with laws and regulations is one of the most critical factors when operating a freight business. It ensures that the business is not in violation of any safety, environmental, or other regulations. A freight company needs to be compliant with the law to maintain its license and stay in business. You should make a conscious effort to stay up to date with any changes in regulation that might occur.

Cover Your Business With The Right Insurance

One of the most important aspects of running a successful freight business is getting the right insurance. Without it, your business can suffer, and you may not recover from the financial repercussions. Your freight company needs to get insurance for its trucks that operate on public roads. You also need commercial automobile coverage for your business use of the truck’s cargo space and liability coverage for any problems that may arise. Plus, if you are shipping hazardous materials, you’ll need additional protection in case of an accident. It’s essential to get all levels of insurance because, without them, your company could be in serious trouble should accidents happen or something goes wrong while transporting cargo.

Manage Fuel Consumption

Fuel consumption is an essential factor when it comes to running a profitable fleet. Fuel efficiency can be decreased by driving too fast, using the wrong type of fuel, and driving with worn-out tires. Plus, if they are not adequately maintained, vehicles will lose their fuel efficiency. Most of this will ultimately come down to driver training and informing them of how you expect them to drive. Some other tips you can follow to decrease consumption include:

-Use a fuel management system

-If your drivers can save more, reward them

-Check the tachograph for speeding infractions

-Optimize routes to make them as efficient as possible

If you want to maximize your ROI, it is imperative that you know how to manage your commercial freight business properly. This can involve ensuring that your fleet is constantly maintained and that your drivers are fully trained, among other things.

UV LED plastic

3 Key Trends Propelling UV LED Market Outlook Over 2021-2027

The global UV LED market is touted to register commendable proceeds through the ensuing years, owing to an escalation in the product launch initiatives by major market participants for gaining a competitive edge in the industry.

To cite an instance, in March 2020, Crystal IS rolled out its enhanced Klaran product line-up of germicidal UV LEDs. The products are equipped with UV-C technology for the disinfection of airborne, surface, and water pathogens.

In addition, various UV LED manufacturers and organizations are focusing on research initiatives for harnessing the potential of UV-LED technology in the healthcare sector. For instance, in December 2020, a study conducted by the Tel Aviv University researchers underscored that coronavirus can be quickly and efficiently destroyed using UV LEDs. This signifies the first study centered on the disinfection efficiency of UV-LED irradiation at various frequencies or wavelengths on a coronavirus.

Propelled by similar advancements and as stated by the latest research by Global Market Insights, Inc., the ultraviolet light-emitting diode (UV LED) market share is estimated to exceed a valuation of USD 1.5 billion through 2027. This rise is ascribed to the increasing UV LED demand in laboratory testing and forensic investigation.

The industry growth is further impelled by the rising crime rate which is encouraging the adoption of UV LEDs for the inspection of latent fingerprint and bloodstains.

Some of the pivotal trends that are expected to push UV LED industry expansion are as follows:

Rising demand for medical light therapy

The UV LED industry share from medical light therapy accounted for more than 10% of the overall market value in 2020 and is anticipated to expand at a substantial CAGR of 18.5% through the analysis period. This rise can be ascribed to the increasing UV-A LED adoption in medical light devices for the treatment of skin disorders.

UV LED technology is deployed in medical light therapy, such as PUVA therapy, for the treatment of vitiligo, psoriasis, and other atopic skin disorders. Numerous research institutes are engaged in the development of UV technology solutions for light therapy for the purpose of curing skin disorders.

Increasing popularity of UV-B LEDs

The UV-B LEDs segment recorded nearly 12% of the market revenue in 2020 and will depict considerable growth through the estimated period. This upsurge is accredited to numerous UV-LED features comprising noise-free fanless design, easy switching, eco-friendly nature, and high performance in comparison to traditional UV lamps and UV bulbs.

These characteristics make UV-B LEDs an ideal solution for horticulture, indoor plant growing, livestock farming, gardening, and greenhouse. The segment growth is also escalated by the increasing technological advancements for urban and indoor farming. The light-emitting diodes are cost-efficient and provide the necessary wavelength for the regulation of dormancy and flowering period.

Soaring UV curing systems requirement in Europe

The UV LED market share in Europe is expected to record a lucrative CAGR of 15% over 2021-2027, propelled by the surging demand for UV curing systems across a range of industrial applications including adhesiveness, coating, and printing, among others.

The rapid adoption of low photoinitiator components in ink formulators deployed for UV curing systems and the increasing technological development in print curing will stimulate the demand for UV LEDs in the region.

All in all, the soaring implementation of UV technology in an array of smart home appliances comprising advanced kitchen appliances, air conditioners, smart water purifiers, and refrigerators will drive UV LED market forecast through the assessment period.

Source: Global Market Insights Inc.

hauliers

How Can Hauliers Cope With an Even Higher Demand This Christmas?

The Christmas rush is something hauliers anticipate every year. But it’s going to be felt more acutely this year with the additional pressures of a driver shortage and Brexit affecting the supply of some goods.

The haulage sector is set to experience its busiest Christmas period on record. On top of the usual increase in demands, there’s the perfect storm of the HGV driver shortage and supply chains impacted by Brexit and COVID. By focusing on increasing efficiency and reducing empty running, hauliers can meet these higher demands and ensure their customers receive the highest level of service.

This means hauliers will need to be even more efficient and prepared in order to meet the demands of businesses and consumers this Christmas.

Here, we cover how hauliers can cope with arguably the most demanding Christmas we’ve ever experienced.

Make planning more efficient

Efficient planning is paramount to success for all hauliers, but never has it been more important than right now. A Logistics UK survey revealed that 96% of hauliers are struggling to recruit drivers, with 13% saying their shortage is severe to very severe. To meet high demands with a potentially depleted workforce, hauliers need to get the most out of their available resources.

That’s where route planning software comes in. By feeding in all the collections and deliveries you need to make, and your vehicle and driver availability, you’ll be able to plan the most efficient routes and get the most out of your fleet.

With these solutions, you’ll have one view of your business supported by real-time information. Your planners can then make informed decisions. In the hectic traffic rush leading up to Christmas, it’s critical you can identify and manage exceptions as deliveries progress because it’s undoubtedly the busiest period on the road.

Eliminate empty running

When you have a larger-than-usual task on your hands to keep up with demand this Christmas, running empty seems even more wasteful than usual. Yet, for many hauliers, this is the case on their return journeys. If your drivers travel back empty from Glasgow to Plymouth on their return journey, for instance, that’s a lot of wasted mileage.

Using a freight exchange platform gives hauliers the opportunity to not only make the most of their journeys but also serve more customers in a time of increased demands. This can help optimize fleets in the short term and also enables hauliers to expand their network to connect with new shippers. Haulage companies with loyal customers but limited resources have the opportunity to subcontract their excess work on these platforms, meaning they can still take on additional haulage loads and get customers’ jobs done.

Allow your drivers to do more in their workday

The changes to drivers’ hours, which means drivers can work up to 11 hours a day twice a week, has been extended once again to January. But we know that making already overworked drivers work longer hours isn’t the solution, especially when many of the drivers who’ve left the sector have done so due to poor working conditions.

Giving your drivers the tools they need to achieve more in their workday is a much better solution. Not only will this allow your business to be more efficient, but you’ll also improve their satisfaction by making their jobs easier. Let’s face it, dealing with paper proof of deliveries is difficult to manage and adds time to their day.

It’s these inefficient processes that can frustrate drivers, cause delays, and even result in them finishing their day later than expected. It’s no wonder that drivers are leaving businesses that aren’t addressing this problem. Using digital tools like electronic proof of delivery and apps that provide real-time details of their deliveries allows them to focus on the job and get more done in their day.

logistics company

4 Strategies Every Logistics Company Must Start Doing

On the consumer level, logistics companies are seen as couriers who deliver their most-awaited packages. But for business owners, the logistics industry is an extension of their service cycle. As such, logistics companies have a ton of responsibilities on their shoulders. 

As a logistics company, what practical steps must be done to maximize your clientele’s satisfaction? 

We can look into it in this manner. The primary goals of a logistics company can be broken down into three segments: warehousing, distribution, and transportation. For each goal, there must be actionable steps that your logistic company should do immediately. And if you are practicing it already, maybe it’s time for an upgrade. 

Here are some of our tips. Let’s go! 

Tip #1: Listen to Customers 

We know this is the oldest trick in the book. But, that only goes to show how effective this one is. The question now is how to listen to them effectively, considering that logistics companies cater to two different sets of customers. 

Client satisfaction surveys will never go out of style. You just need to upgrade the method to acquire them. 

To effectively collect data through surveys, make sure that the survey form is accessible. Most survey data now are collected through the internet. On top of that, most of them are composed of 5-7 close-ended questions only. 

Everyone wants it fast and instant nowadays, and you need to take advantage of that. Pose questions such as, “Which of our services are you most satisfied with?” and present them with choices. As much as you can, always provide choices to make the process easier for everyone. 

Apart from surveys, make sure to keep your social media presence known. Be active on social media platforms. 

Some might have hesitations thinking that logistics companies don’t need Facebook, Twitter, or Instagram pages. But, best believe, you do. 

Having one is one of the easiest and most open forms of communication between your clients. It’s akin to practicing an open-door policy in your company

You can easily look for customer feedback and provide them with easy solutions without them needing to go through customer reps. It’s a win-win situation for both sides. 

Tip #2: Reduce Waiting Time

Time is an essential aspect of any logistics business. And in the entire process from pick up to delivery, there are several points where you can reduce waiting time. 

First and foremost, ensure that your communication lines are always open and available. Establishing a comprehensive company website is essential in this day and age, regardless of what industry you belong in. 

If you are yet to create one, tap the services of an established web design company. They will handle everything from inputting the essential details of your company down to the overall design of the site. Make sure to partner with a company that prioritizes web design and development. 

Work hand-in-hand with these web design companies so that you’ll come up with a website that best caters and depicts your company’s needs and services. 

This published website will then become the go-to portal of all your clients, new and recurring. With a few clicks, they can check out your services and rates. And if your site also comes with round-the-clock chatbots, then the website also becomes the easiest and most efficient way to reach you. 

Aside from those mentioned above, the website will also serve as your company’s personal tracker. Instead of updating your clients manually about their shipment’s whereabouts, you can just update them through the site by sending them automated emails or chats. On the flip side, your customers can also use the site in the same manner. 

Some logistics companies often disregard the importance of well-designed websites because the services offered are all “offline”, but most of the clients today are almost always “online”. There is a need to bridge this disconnect. 

Tip #3: Understand and Deliver Customer Expectations

As much as goal-setting is fundamental for building businesses, expectations-setting also holds the same weight of importance. A large chunk of customer satisfaction relies on whether their expectations of your services are met or grossly missed. 

Regular and properly-crafted surveys and social media presence can help with this tip as well. But, an even more practical method to achieve this goal is to set the expectations yourself proactively. 

Say, for example, you are a logistics company that specializes in the transportation of goods. Even before a client can demand when they want their goods to arrive, make the first move. Tell them what is expected from your services. 

Provide the details on how you carry out your services. Most importantly, uphold transparency when it comes to dates. When you can pick up orders, when you can deliver, and when you can drop them off. These details are essential for your customers and they should be held as your company’s top priority too. 

Another method to meet your customers’ expectations is to do timely tool upgrades. Something as simple as bill printers can decrease your usual service time. Automatic tape machines also do the same. If you have the capacity to automate more than half of your process, then invest in it.

Tip #4: Research!

Lastly, research will always be your most valuable strategy. The demand in the logistics company started as seasonal, but that doesn’t seem to be the case now. To cope with this shift, full-blown market research is an effective tool to come up with solutions. 

But, that’s not always the case. Sometimes, simple research, such as looking into new trends or new delivery technologies, can catalyze further improvement for your company. 

Final Words

Even if logistics companies handle rough or brunt work every day, that doesn’t mean that you can forego other aspects of the company. Publishing company websites, social media profiles, and regular research should go together with the labor that gets done every day. These strategies keep your company running. 

If you are yet to start these practices, make sure to conceptualize how you can effectively translate your offline presence to the online domain.

Aquaculture

U.S. States With the Largest Aquaculture Industry

With the planet’s population growing and the global market for seafood steadily increasing, natural fish production from the world’s lakes, rivers, and oceans will be insufficient to keep up with demand in the long term. To support global demand, aquaculture is a critical resource for raising seafood efficiently and sustainably.

The USDA defines aquaculture as the farming of aquatic organisms, including fish, crustaceans, mollusks, and more. The farming process includes seeding, stocking, and feeding fish, shellfish, and other aquatic products in a controlled environment. The controlled environment makes aquaculture distinct from wild caught seafood taken from a natural habitat.

Aquaculture in the U.S. represents a $1.5 billion industry annually and helps support 1.7 million jobs in the broader seafood industry, according to estimates from the National Oceanic and Atmospheric Administration. These figures place the U.S. relatively low on a global scale as an aquaculture producer—17th in total aquaculture production—but the U.S. is one of the top consumers of aquaculture imports. More than 90% of seafood in the U.S. comes from outside of the country, and around half of that total comes from farm-raised seafood.

These products in the U.S. that generate the most sales fall in the categories of food fish and mollusks. Food fish—a category that includes any fish raised primarily for food, such as catfish, sturgeon, tilapia, trout, or salmon—accounts for nearly half of the market by itself, with $716 million in sales each year. Mollusks—which are marine invertebrates like clams, mussels, and oysters also commonly raised as food—follow behind at $442 million sold each year.

Naturally, a successful aquaculture industry depends on access to geographic features that support production. This means that some regions of the U.S. are more conducive to aquaculture than others. The South leads the U.S. in production, with nearly $850 million in annual sales from aquaculture. This can be attributed to strong production of freshwater fish, especially catfish, in the areas around the Mississippi River watershed, and saltwater production in the Gulf of Mexico and Atlantic Ocean. The West produces $475 million in aquaculture sales each year, primarily from Washington and California, which are leaders in shellfish production but also have strong saltwater and freshwater production of fish like trout, tilapia, and salmon.

The data used in this analysis is from the USDA’s Census of Aquaculture. To identify the states with the most aquaculture production, researchers at Commodity.com ranked states based on the total value of aquaculture products sold. Aquaculture products include food fish, sport fish, baitfish, and ornamental fish, as well as mollusks, crustaceans, and other miscellaneous aquaculture products. The total acreage by state reported in this study is the sum of freshwater and saltwater production (where available), and the most common water source is the water source characteristic of the greatest number of farms in each state.

Here are the states with the largest aquaculture industry.

State

Rank

   Total value of products sold

Total number of aquaculture farms

Total acres

Most common water source

Mississippi    1    $215,709,000 176 39,561 Groundwater
Washington    2    $207,685,000 151 16,263 Saltwater
Louisiana    3    $135,712,000 525 240,274 Groundwater
Virginia    4    $112,640,000 202 17,797 Saltwater
California    5    $106,021,000 116 11,329 Groundwater
Alabama    6    $95,199,000 120 17,591 On-farm surface water
Hawaii    7    $78,429,000 49 794 Saltwater
Maine    8    $72,340,000 75 1,295 Saltwater
Florida    9    $71,649,000 334 3,410 Saltwater
Arkansas    10    $67,661,000 82 29,936 Groundwater
Texas    11    $62,594,000 107 7,566 Groundwater
Idaho    12    $44,763,000 41 498 On-farm surface water
Massachusetts    13    $28,858,000 180 1,046 Saltwater
Maryland    14    $28,139,000 43 2,318 Saltwater
North Carolina    15    $26,006,000 137 2,909 Groundwater
United States    –    $1,515,680,000 3,456 484,000 Groundwater

 

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

semiconductor manufacturing

5 Major Trends Transforming Semiconductor Manufacturing Equipment Market Outlook over 2021-2027

The expansion of the electronics industry, driven by the burgeoning demand for consumer electronics, the growing gaming industry, and increasing proclivity towards electric and hybrid vehicles, has created enormous lucrative opportunities for the semiconductor manufacturing equipment market. This can be attributed to the elevating demand for various semiconductor manufacturing tools for producing memory ICs, sensors, PMIC, microprocessors, system-on-chips, etc.

The industry landscape is being further enhanced by ongoing business expansion moves initiated by major semiconductor companies. A prominent example of such an initiative is the commencement of the construction of two new factories in the U.S. by the leading chipmaker Intel in 2021. These facilities will house the company’s highly advanced chipmaking technology.

According to the recent report by Global Market Insights, Inc., the semiconductor manufacturing equipment market size is projected to surpass USD 90 billion by 2027, in light of the following trends:

New product launches by key companies

Major companies operating in the industry are focusing on the development of innovative semiconductor manufacturing devices to effectively meet consumer demand and gain a competitive edge in the market. Quoting an instance, in 2020, Advantest Corporation launched two general-purpose hardware equipment, digital, and power supply modules to support the capabilities of the T2000 test platform. They are designed for use in the volume manufacturing of SoC chips, power management ICs, CMOS image sensors, and automotive sensors.

Heightened adoption of polishing & grinding equipment

Polishing & grinding processes are largely adopted for manufacturing MEMS sensors, integrated circuits (ICs), chipsets, optics, and compound semiconductors. The growing preference for miniaturized ICs in electronics requires frequent polishing & grinding for reducing subsurface damage and maintaining wafer flexibility. The rising demand for the process is encouraging the market players to focus on new product development which is positively influencing the business growth. To illustrate, in 2020, ACM Research, Inc. introduced the Ultra-Stress-Free Polishing tool for advanced semiconductor packaging and wafer processing. Reportedly, polishing & grinding equipment is projected to exhibit a robust CAGR of over 5.0% through 2027.

Mounting popularity of 2D technology

The growing popularity of 2D technology can be credited to the associated benefits such as robust built, less power consumption, and minimum cost of operations. It is being extensively used in the manufacturing of 2D-planar memory devices. Various companies and research institutes are forming strategic alliances to develop ICs based on 2D material. For instance, in 2021, TSMC partnered with the National Institute of Taiwan and MIT for developing 1nm chips using two-dimensional material. With increased adoption, 2D technology segment is expected to observe a lucrative CAGR of 6.0% through 2027.

Rising adoption of foundry supply chain process

Rising demand for power electronics and high-performance computing devices is prompting the foundry providers to improve their IC manufacturing through new technology nodes. Various companies are inclined on technical enhancements like application of laser-plasma as a light source in extreme ultraviolet printing devices to generate high-quality wavelengths. For instance, in 2021, Micron announced its plans of deploying extreme ultraviolet equipment in its manufacturing foundries. Considering these factors, the foundry supply chain process segment had captured over 25% share in 2020 and is expected to register a significant CAGR of over 6.0% through 2027.

Growing semiconductor-based projects in Europe

The increasing government initiatives and investments towards semiconductor-based projects in Europe are driving the expansion of the semiconductor manufacturing equipment industry in the region. To illustrate, in 2021, the European Union unveiled its plans of increasing the chip production capacity by 20% by 2030. The EU also declared investing USD 160 billion towards technological development involving semiconductor manufacturing and supply chain infrastructure. In addition, regional chipmakers are collaborating with diverse industry experts which, in turn, is favoring industrial growth. According to the report, the industry is anticipated to register a robust CAGR of 4.5% through 2027.

Briefly, the semiconductor manufacturing equipment market is gaining traction with the increasing investments in chip manufacturing facilities coupled with the emergence of technologically advanced solutions.

Source: Global Market Insights Inc.

Canadian Institute

Latest from the Canadian Institute and the American Conference Institute: U.S. Export & Reexport Compliance for Canadian Operations

The Canadian Institute (CI) and the American Conference Institute (ACI) invite you to attend the 11th Annual Forum on U.S. Export & Re-Export Compliance for Canadian Operations in Toronto, ON + via Livestream on January 25–27, 2022!

Featuring Keynote Speakers and Canadian and U.S. Government Officials from:

-Global Affairs Canada

-Bureau of Industry and Security (BIS) – U.S. Department of Commerce

-Directorate of Defense Trade Controls (DDTC) – U.S. Department of State

As the only comprehensive event for the export and reexport community in Canada, don’t miss new, practical sessions, including:

CHINA — The Latest Expansion of MEU, MIEU, CCMC — and More: How Canadian Industry is Putting Theory Into Practice

Adapting Your Export and Reexport Program to Rapid Geopolitical, Regulatory and More Changes: How Industry is Revisiting Policies, Procedures and Processes

Canada’s Permit Timelines and Latest ECL Amendments: What They Mean for Export Compliance and Technology Transfers

The Latest Know-How for Preventing Export and Reexport Violations: Managing the Continued Effects of COVID-19 on Compliance, Cybersecurity and Data Protection

Third Party and Supply Chain Due Diligence: Vetting Prospective Business Partners, Mitigating New Risks and Updating Your Contingency Plan

PLUS! Practical Case Studies on CHINA: Real-World Takeaways on How to Resolve the Biggest Licensing and Compliance Conundrums.

Gain best practices from leading exporters at: Airbus Bombardier, Cesaroni Technology, Collins Aerospace, Irving Shipbuilding, Pratt & Whitney Canada, Rolls Royce Canada, Top Aces, Tremco, and more!

View the Full Agenda and Register Now to take advantage of early-bird rates!

SAVE 10% with Global Trade Magazine Code: D10-856-856BX01.

Online: https://bit.ly/3kEgKx2

Email: customerservice@canadianinstitute.com

Phone: 1-877-927-7936

biodiesel

Belgium Overtakes Germany as Second-Largest Biodiesel Exporter Worldwide

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

demand Oil Filled Distribution Transformer market

U.S. Oil Filled Distribution Transformer Market revenue to grow exponentially till 2027

According to a recent study from market research firm Graphical Research, the U.S. oil filled distribution transformer market will gain remarkable momentum during the forecast timeline due to the robust concerted effort to renovate and upgrade electricity grid infrastructure. Favorable government regulations for the grid infrastructure refurbishment and the development of smart cities will expedite the deployment of different transformers.

End-users will exhibit profound traction for oil-filled transformers as they are more efficient and have a longer service life. High-income countries such as the U.S. are poised to invest in transmission and distribution networks and renewable-based power generation plants. A rising inclination for oil filled distribution transformers is partly credited to low repairing costs and the need for cleaning and inspection. According to an estimate, the U.S. oil filled distribution transformer market size will witness a commendable gain through 2027.

The commercial sector is expected to exhibit traction for pad-mounted oil filled distribution transformers considering the low installation cost, improved safety and aesthetics. A renewed focus on R&D activities in the energy sector and applications in indoor installations, such as malls and complexes will bolster the trend for pad-mounted transformers. Pad-mounted oil filled distribution transformer will account for a notable share of the U.S. market over 2021-2027.

Lately, the growth prospect of autotransformers will be noticeable on the back of the integration of innovative monitoring technologies. These transformers will be sought across energy applications to interconnect systems at various voltages. U.S. oil filled distribution transformer industry share from autotransformers is forecast to grow at a robust CAGR through 2027.

End-users are likely to show interest in >1 MVA distribution transformers following the integration of renewable energy establishments and the growth of distribution networks. Expansion of medium voltage (MV) distribution energy networks will augur well for the deployment of oil filled distribution transformers. Moreover, public and private organizations will continue to seek >1 MVA oil filled distribution transformers.

Closed core transformers are expected to gain upticks from the growth of T&D networks and increased demand for energy efficiency and voltage optimization.  Besides, digitization for monitoring and controlling operations will boost grid stability. U.S. oil filled distribution transformer market share from closed core segment will grow at a significant rate during the forecast period.

Amidst the shifting landscape of distribution transformers, both well-established players and new entrants are likely to emphasize product launches and innovations. To illustrate, in April 2021, Siemens Energy rolled out edge transmission products to digitize power transmission assets in the substation. Key vendors in the U.S. oil filled distribution transformer industry are Siemens Energy, Toshiba Energy Systems & Solutions Corporation, Hitachi ABB Power Grids, Schneider Electric, DOS Canada, MGM Transformer Company, Northern Transformer, Eaton and General Electric, among others.

Stakeholders in the U.S. oil filled distribution transformer market are likely to inject funds into renewable electricity and energy transformation projects. Adoption of digital solutions, along with the need for decarbonization, is likely to bolster growth potentials in the distribution transformer landscape. Prominently, the upgradation of power networks will open new possibilities for grid operators.

Source: https://www.graphicalresearch.com/industry-insights/1943/us-oil-filled-distribution-transformer-market