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South Carolina Ports Authority Welcomes the New Year with Optimistic Outlook

south carolina ports authority

South Carolina Ports Authority Welcomes the New Year with Optimistic Outlook

South Carolina Ports Authority boasted an impressive 2019 and is more than prepared to leverage this year’s momentum for a successful 2020. Robust cargo volumes were reported throughout the year for container, breakbulk, and inland terminals in addition to international recognition for performance and productivity, specifically the Port of Charleston and Wando Welch Terminal No. 1 by Journal of Commerce. SCPA brought in additional recognitions in 2019 as well, including “Best Places to Work in South Carolina” and CEO and President Jim Newsome’s recognition as one of DC Velocity Logistics Rainmakers. 

“The equipment operators at S.C. Ports and all those working in the maritime community enable the notable productivity that cargo owners have come to rely on at S.C. Ports,” said SCPA Board Chairman Bill Stern.

SCPA reported an impressive 2.25 million TEUs handled since January, of which 184,928 TEUs were handled a the Wando Welch and North Charleston terminals in November alone. November’s success brought the total y-o-y increase to 6 percent for fiscal year 2020.

“We continue to attract cargo with our efficiently run terminals and reliable service,” SCPA President and CEO Jim Newsome said. “This is made possible by our excellent team and the broader maritime community, all of whom work tirelessly to keep cargo moving seamlessly through our supply chain.”

“Looking ahead to 2020, we expect to continue weathering uncertainty in the world economy, but our strong position in the Southeast and proximity to a booming consumer market will drive growth,” Newsome added. “We expect to grow above the market as more cargo shifts from West Coast to East Coast ports.”

SCPA’s Columbus Street terminal was also reported with a 17 percent increase in regards to vehicle imports and exports compared to last year’s numbers. A total of 19,933 were handled in November.

As 2020 quickly approaches, SCPA continues to focus on increasing retail volumes while managing imports through South Carolina-based distribution centers while maintaining its position in the public seaport and intermodal facility sectors.

“We appreciate the board’s continued support of our investments that enable us to service some of the biggest ships in the world,” Newsome concluded. “This next year is critical as we progress on our momentous infrastructure investments, including a new container terminal and a 52-foot deep harbor, both set for completion in 2021.”
beet

European Beet-Pulp And Bagasse Market Amounted to $1.8B in 2018

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

The revenue of the beet-pulp and bagasse market in the European Union amounted to $1.8B in 2018, going up by 9.9% 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). Over the period under review, beet-pulp and bagasse consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the market value increased by 20% y-o-y. The level of beet-pulp and bagasse consumption peaked at $2B in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Consumption By Country in the EU

The countries with the highest volumes of beet-pulp and bagasse consumption in 2018 were Germany (2.5M tonnes), the UK (2.2M tonnes) and France (2.1M tonnes), with a combined 44% share of total consumption. These countries were followed by Belgium, Spain, Poland, the Netherlands, Romania, Italy, Sweden, Austria and Hungary, which together accounted for a further 45%.

From 2007 to 2018, the most notable rate of growth in terms of beet-pulp and bagasse consumption, amongst the main consuming countries, was attained by Austria, while the other leaders experienced more modest paces of growth.

In value terms, the largest beet-pulp and bagasse markets in the European Union were the UK ($391M), Spain ($248M) and Germany ($225M), with a combined 47% share of the total market. These countries were followed by France, the Netherlands, Romania, Sweden, Austria, Hungary, Italy, Belgium and Poland, which together accounted for a further 40%.

In 2018, the highest levels of beet-pulp and bagasse per capita consumption was registered in Belgium (131 kg per person), followed by the Netherlands (49 kg per person), Austria (42 kg per person) and Sweden (41 kg per person), while the world average per capita consumption of beet-pulp and bagasse was estimated at 31 kg per person.

From 2007 to 2018, the average annual rate of growth in terms of the beet-pulp and bagasse per capita consumption in Belgium stood at +3.0%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the Netherlands (-2.6% per year) and Austria (+5.5% per year).

Production in the EU

In 2018, approx. 15M tonnes of beet-pulp and bagasse were produced in the European Union; surging by 2% against the previous year. In general, beet-pulp and bagasse production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when production volume increased by 16% y-o-y. The volume of beet-pulp and bagasse production peaked at 16M tonnes in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

In value terms, beet-pulp and bagasse production amounted to $1.8B in 2018 estimated in export prices. Over the period under review, beet-pulp and bagasse production, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2013 with an increase of 24% year-to-year. In that year, beet-pulp and bagasse production reached its peak level of $2.5B. From 2014 to 2018, beet-pulp and bagasse production growth remained at a somewhat lower figure.

Production By Country in the EU

The countries with the highest volumes of beet-pulp and bagasse production in 2018 were France (2.9M tonnes), Germany (2.5M tonnes) and the UK (1.9M tonnes), with a combined 50% share of total production. These countries were followed by Spain, Belgium, Poland, the Netherlands, Romania, Austria, Sweden, Hungary and Bulgaria, which together accounted for a further 42%.

From 2007 to 2018, the most notable rate of growth in terms of beet-pulp and bagasse production, amongst the main producing countries, was attained by Sweden, while the other leaders experienced more modest paces of growth.

Exports in the EU

The exports totaled 1.7M tonnes in 2018, picking up by 14% against the previous year. The total export volume increased at an average annual rate of +3.2% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2009 when exports increased by 18% against the previous year. The volume of exports peaked at 1.9M tonnes in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, beet-pulp and bagasse exports amounted to $309M (IndexBox estimates) in 2018. The total exports indicated prominent growth from 2007 to 2018: its value increased at an average annual rate of +3.2% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, beet-pulp and bagasse exports increased by +40.7% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of 30% y-o-y. The level of exports peaked at $321M in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

France represented the major exporting country with an export of around 767K tonnes, which accounted for 45% of total exports. Slovenia (159K tonnes) held a 9.3% share (based on tonnes) of total exports, which put it in second place, followed by the Netherlands (8.4%), Belgium (7.6%), the Czech Republic (6.5%), Austria (6.3%) and Germany (6%).

Exports from France increased at an average annual rate of +5.4% from 2007 to 2018. At the same time, Austria (+10.7%), the Czech Republic (+9.6%) and Slovenia (+4.2%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter in the European Union, with a CAGR of +10.7% from 2007-2018. Belgium and the Netherlands experienced a relatively flat trend pattern. By contrast, Germany (-5.0%) illustrated a downward trend over the same period. From 2007 to 2018, the share of France, Austria, the Czech Republic and Slovenia increased by +20%, +4.3%, +4.1% and +3.4% percentage points, while Germany (-4.6 p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($153M) remains the largest beet-pulp and bagasse supplier in the European Union, comprising 50% of total beet-pulp and bagasse exports. The second position in the ranking was occupied by Belgium ($28M), with a 9% share of total exports. It was followed by the Netherlands, with a 8.8% share.

In France, beet-pulp and bagasse exports increased at an average annual rate of +8.1% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Belgium (+7.7% per year) and the Netherlands (+1.2% per year).

Export Prices by Country

The beet-pulp and bagasse export price in the European Union stood at $182 per tonne in 2018, going up by 15% against the previous year. Over the last eleven years, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2011 when the export price increased by 32% y-o-y. The level of export price peaked at $192 per tonne in 2014; however, from 2015 to 2018, export prices stood 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 Belgium ($216 per tonne), while Germany ($120 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, approx. 2.9M tonnes of beet-pulp and bagasse were imported in the European Union; surging by 5.1% against the previous year. The total imports indicated a buoyant expansion from 2007 to 2018: its volume increased at an average annual rate of +5.0% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, beet-pulp and bagasse imports increased by +18.8% against 2012 indices. The pace of growth appeared the most rapid in 2012 with an increase of 31% year-to-year. The volume of imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, beet-pulp and bagasse imports totaled $509M (IndexBox estimates) in 2018. The total imports indicated buoyant growth from 2007 to 2018: its value increased at an average annual rate of +5.0% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, beet-pulp and bagasse imports increased by +28.3% against 2016 indices. The growth pace was the most rapid in 2011 when imports increased by 36% y-o-y. Over the period under review, beet-pulp and bagasse imports attained their peak figure in 2018 and are likely to continue its growth in the near future.

Imports by Country

The imports of the eight major importers of beet-pulp and bagasse, namely Belgium, Italy, the UK, Latvia, the Netherlands, Ireland, Spain and Denmark, represented more than two-thirds of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the UK, while the other leaders experienced more modest paces of growth.

In value terms, the largest beet-pulp and bagasse importing markets in the European Union were Belgium ($85M), Italy ($75M) and the UK ($63M), together comprising 44% of total imports.

The UK recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The beet-pulp and bagasse import price in the European Union stood at $178 per tonne in 2018, surging by 11% against the previous year. In general, the beet-pulp and bagasse import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the import price increased by 41% year-to-year. Over the period under review, the import prices for beet-pulp and bagasse attained their peak figure at $207 per tonne in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($213 per tonne), while Latvia ($116 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

peach

African Peach and Nectarine Market – Egypt to Dominate Production and Trade in 2019

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

The revenue of the peach and nectarine market in Africa amounted to $1.7B in 2018, therefore, remained relatively stable 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 a strong growth from 2008 to 2018: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

Based on 2018 figures, the peach and nectarine consumption increased by +32.3% against 2014 indices. The most prominent rate of growth was recorded in 2017, with an increase of 23% against the previous year. In that year, the peach and nectarine market reached its peak level of $1.7B, leveling off in the following year.

Production in Africa

The peach and nectarine production amounted to 1.2M tonnes in 2018, going up by 2.5% against the previous year. The total output volume increased at an average annual rate of +1.9% from 2008 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2017, with an increase of 9.9% against the previous year. Over the period under review, peach and nectarine production attained its maximum volume in 2018 and is expected to retain its growth in the immediate term. The general positive trend in terms of peach and nectarine output was largely conditioned by a mild expansion of the harvested area and a moderate growth in yield figures.

Exports in Africa

In 2018, exports of peaches and nectarines in Africa totaled 59K tonnes, going down by -14.5% against the previous year. In general, peach and nectarine exports continue to indicate a drastic descent. The growth pace was the most rapid in 2016, with an increase of 9.7% against the previous year. The volume of exports peaked at 99K tonnes in 2008; however, from 2009 to 2018, exports remained at a lower figure.

In value terms, peach and nectarine exports amounted to $100M (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +2.8% over the period from 2008 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2017, with an increase of 20% year-to-year. In that year, peach and nectarine exports attained their peak of $110M, and then declined slightly in the following year.

Exports by Country

In 2018, South Africa (18K tonnes) and Egypt (14K tonnes) represented the main exporters of peaches and nectarines in the region, together creating 55% of total exports. Guinea (7.9K tonnes) held a 13% share (based on tonnes) of total exports, which put it in second place, followed by Morocco (11%), Tunisia (8.9%) and Tanzania (7.4%). Zambia (2.3K tonnes) held a relatively small share of total exports.

From 2008 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Tanzania (+228.4% per year), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($38M) remains the largest peach and nectarine supplier in Africa, comprising 38% of total peach and nectarine exports. The second position in the ranking was occupied by Egypt ($15M), with a 15% share of total exports. It was followed by Guinea, with a 12% share.

Export Prices by Country

The peach and nectarine export price in Africa stood at $1,675 per tonne in 2018, jumping by 5.9% against the previous year. The export price indicated a strong increase from 2008 to 2018: its price increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the peach and nectarine export price increased by +120.3% against 2008 indices.

Export prices varied noticeably by the country of origin; the country with the highest export price was Zambia ($4,702 per tonne), while Egypt ($1,034 per tonne) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of export prices was attained by Guinea, while the other leaders experienced more modest paces of growth.

Imports in Africa

In 2018, approx. 54K tonnes of peaches and nectarines were imported in Africa; rising by 72% against the previous year.

In value terms, peach and nectarine imports totaled $41M (IndexBox estimates) in 2018. In general, peach and nectarine imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013, with an increase of 43% against the previous year. Over the period under review, peach and nectarine imports reached their peak figure at $43M in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Egypt (29K tonnes) represented the key importer for peaches and nectarines, comprising 53% of total imports. Algeria (17K tonnes) took the second position in the ranking, distantly followed by Libya (2.6K tonnes) and South Africa (2.6K tonnes). All these countries together held approx. 40% share of total imports.

From 2008 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Algeria, while the other leaders experienced more modest paces of growth.

In value terms, the largest peach and nectarine importing markets in Africa were Algeria ($19M), Egypt ($12M) and South Africa ($3.8M), with a combined 83% share of total imports.

Import Prices by Country

The peach and nectarine import price in Africa stood at $758 per tonne in 2018, reducing by -28.1% against the previous year. Overall, the peach and nectarine import price continues to indicate a significant descent. The growth pace was the most rapid in 2017 when the import price increased by 56% y-o-y. Over the period under review, the import prices for peaches and nectarines reached their maximum at $1,098 per tonne in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was South Africa ($1,479 per tonne), while Egypt ($401 per tonne) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of import prices was attained by Libya, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

cereal germ

Italy’s Cereal Germ Market Rose 2.9% to Reach $61M in 2018

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

The revenue of the cereal germ market in Italy amounted to $61M in 2018, rising by 2.9% 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). In general, cereal germ consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of 96% y-o-y. In that year, the cereal germ market attained its peak level of $74M. From 2012 to 2018, the growth of the cereal germ market failed to regain its momentum.

Production in Italy

In 2018, the production of cereal germ in Italy amounted to 108K tonnes, rising by 2.6% against the previous year. Overall, cereal germ production, however, continues to indicate a temperate drop. The most prominent rate of growth was recorded in 2013 when production volume increased by 88% y-o-y. Over the period under review, cereal germ production attained its maximum volume at 138K tonnes in 2008; however, from 2009 to 2018, production stood at a somewhat lower figure.

In value terms, cereal germ production totaled $29M in 2018 estimated in export prices. Overall, cereal germ production, however, continues to indicate a significant reduction. The growth pace was the most rapid in 2011 with an increase of 143% year-to-year. Over the period under review, cereal germ production reached its maximum level at $50M in 2014; however, from 2015 to 2018, production remained at a lower figure.

Exports from Italy

In 2018, the amount of cereal germ exported from Italy stood at 668 tonnes, declining by -6.2% against the previous year. Overall, cereal germ exports continue to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 93% against the previous year. Over the period under review, cereal germ exports attained their peak figure at 1.6K tonnes in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, cereal germ exports totaled $548K (IndexBox estimates) in 2018. In general, cereal germ exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 54% y-o-y. Exports peaked at $1.2M in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

Spain (144 tonnes) was the main destination for cereal germ exports from Italy, accounting for a 22% share of total exports. Moreover, cereal germ exports to Spain exceeded the volume sent to the second major destination, Poland (61 tonnes), twofold. The third position in this ranking was occupied by France (17 tonnes), with a 2.6% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Spain totaled +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+18.2% per year) and France (-20.6% per year).

In value terms, the largest markets for cereal germ exported from Italy were Poland ($78K), Spain ($40K) and the U.S. ($22K), with a combined 25% share of total exports.

Among the main countries of destination, Poland recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced a decline.

Export Prices by Country

In 2018, the average cereal germ export price amounted to $821 per tonne, surging by 5.9% against the previous year. Over the period under review, the cereal germ export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average export price increased by 126% against the previous year. Over the period under review, the average export prices for cereal germ attained their maximum at $1,542 per tonne in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was India ($1,470 per tonne), while the average price for exports to Spain ($275 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced more modest paces of growth.

Imports into Italy

In 2018, the cereal germ imports into Italy amounted to 90K tonnes, growing by 11% against the previous year. The total import volume increased at an average annual rate of +3.8% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011 with an increase of 40% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, cereal germ imports amounted to $33M (IndexBox estimates) in 2018. Over the period under review, cereal germ imports continue to indicate tangible growth. The pace of growth appeared the most rapid in 2011 with an increase of 114% y-o-y. In that year, cereal germ imports attained their peak of $50M. From 2012 to 2018, the growth of cereal germ imports remained at a somewhat lower figure.

Imports by Country

Austria (29K tonnes), Hungary (27K tonnes) and Spain (12K tonnes) were the main suppliers of cereal germ imports to Italy, with a combined 75% share of total imports. Slovakia, France, Serbia and Slovenia lagged somewhat behind, together accounting for a further 23%.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Serbia, while the other leaders experienced more modest paces of growth.

In value terms, Austria ($8.6M), Hungary ($5.9M) and Spain ($3M) appeared to be the largest cereal germ suppliers to Italy, together accounting for 53% of total imports. These countries were followed by Slovakia, France, Slovenia and Serbia, which together accounted for a further 16%.

Serbia experienced the highest growth rate of imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cereal germ import price stood at $366 per tonne in 2018, going down by -6.8% against the previous year. Over the period under review, the cereal germ import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average import price increased by 76% year-to-year. In that year, the average import prices for cereal germ attained their peak level of $697 per tonne. From 2009 to 2018, the growth in terms of the average import prices for cereal germ remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Slovakia ($323 per tonne), while the price for Serbia ($91 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

mustard seed

U.S. Output of Mustard Seeds Indicated an Extraordinary Expansion over the Last Three Years

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

The revenue of the mustard seed market in the U.S. amounted to $60M in 2018, going down by -6.3% 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). Overall, mustard seed consumption continues to indicate a temperate decline. The pace of growth was the most pronounced in 2017 with an increase of 0.8% year-to-year. In that year, the mustard seed market reached its peak level of $64M, and then declined slightly in the following year.

Production in the U.S.

In 2018, the mustard seed production in the U.S. amounted to 29K tonnes, surging by 5.7% against the previous year. Over the period under review, the total output indicated an extraordinary expansion from 2016 to 2018: its volume increased at an average annual rate of +20.9% over the last two-year period. It was largely conditioned by skyrocketing growth of the harvested area and a strong expansion in yield figures.

Based on 2018 figures, mustard seed production increased by +46.1% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 38% y-o-y. Mustard seed production peaked in 2018 and is likely to continue its growth in the near future. Mustard seed output in the U.S. indicated an extraordinary increase, which

Harvested Area in the U.S.

In 2018, the harvested area of mustard seed in the U.S. amounted to 41K ha, jumping by 5.3% against the previous year. The harvested area increased at an average annual rate of +1.1% from 2016 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 5.3% against the previous year. In that year, the mustard seed harvested area reached its peak level and is likely to continue its growth in the immediate term.

Yield in the U.S.

In 2018, the average yield of mustard seed in the U.S. amounted to 711 kg per ha, leveling off at the previous year. Overall, the yield indicated buoyant growth from 2016 to 2018: its figure increased at an average annual rate of +19.5% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, mustard seed yield increased by +42.8% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 42% against the previous year. Over the period under review, the average mustard seed yield attained its maximum level in 2018 and is expected to retain its growth in the immediate term.

Exports from the U.S.

In 2018, the amount of mustard seed exported from the U.S. amounted to 14K tonnes, picking up by 24% against the previous year. Overall, mustard seed exports continue to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2017 with an increase of 58% year-to-year. Over the period under review, mustard seed exports reached their maximum in 2018 and are likely to continue its growth in the near future.

In value terms, mustard seed exports totaled $11M (IndexBox estimates) in 2018. In general, mustard seed exports continue to indicate an outstanding expansion. The pace of growth appeared the most rapid in 2017 with an increase of 82% y-o-y. Over the period under review, mustard seed exports reached their peak figure in 2018 and are expected to retain its growth in the near future.

Exports by Country

Canada (7.7K tonnes) was the main destination for mustard seed exports from the U.S., with a 54% share of total exports. Moreover, mustard seed exports to Canada exceeded the volume sent to the second major destination, France (969 tonnes), eightfold. The third position in this ranking was occupied by Thailand (829 tonnes), with a 5.8% share.

From 2016 to 2018, the average annual growth rate of volume to Canada stood at +47.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5,488.6% per year) and Thailand (+540.8% per year).

In value terms, Canada ($4.8M) remains the key foreign market for mustard seed exports from the U.S., comprising 43% of total mustard seed exports. The second position in the ranking was occupied by Uruguay ($1.5M), with a 14% share of total exports. It was followed by France, with a 9.6% share.

From 2016 to 2018, the average annual rate of growth in terms of value to Canada totaled +62.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (0.0% per year) and France (+3,460.2% per year).

Export Prices by Country

In 2018, the average mustard seed export price amounted to $786 per tonne, going up by 14% against the previous year. Over the last two years, it increased at an average annual rate of +14.5%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 15% year-to-year. Over the period under review, the average export prices for mustard seed reached their peak figure in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Uruguay ($1,951 per tonne), while the average price for exports to Israel ($545 per tonne) was amongst the lowest.

From 2016 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

In 2018, the imports of mustard seed into the U.S. amounted to 63K tonnes, coming down by -8.2% against the previous year. Over the period under review, mustard seed imports continue to indicate a temperate downturn. The most prominent rate of growth was recorded in 2017 with an increase of 2.9% against the previous year. In that year, mustard seed imports reached their peak of 68K tonnes, and then declined slightly in the following year.

In value terms, mustard seed imports amounted to $47M (IndexBox estimates) in 2018. Overall, mustard seed imports continue to indicate an abrupt contraction. The pace of growth was the most pronounced in 2018 with a decrease of -4.2% against the previous year. Over the period under review, mustard seed imports attained their maximum at $54M in 2016; however, from 2017 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Canada (62K tonnes) was the main supplier of mustard seed to the U.S., accounting for a approx. 99% share of total imports.

From 2016 to 2018, the average annual growth rate of volume from Canada amounted to -2.9%.

In value terms, Canada ($46M) constituted the largest supplier of mustard seed to the U.S..

From 2016 to 2018, the average annual rate of growth in terms of value from Canada totaled -6.8%.

Import Prices by Country

In 2018, the average mustard seed import price amounted to $746 per tonne, going up by 4.3% against the previous year. Overall, the mustard seed import price, however, continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2018 an increase of 4.3% against the previous year. The import price peaked at $807 per tonne in 2016; however, from 2017 to 2018, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2016 to 2018, the rate of growth in terms of prices for Canada amounted to -4.0% per year.

Source: IndexBox AI Platform

dates

Global Date Market 2019 – Egypt Continues to Dominate the Market

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

The global date market revenue amounted to $13.8B in 2018, jumping by 9.7% 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 market value increased at an average annual rate of +1.8% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by 9.7% year-to-year. In that year, the global date market attained its peak level and is likely to continue its growth in the immediate term.

Consumption By Country

The countries with the highest volumes of date consumption in 2018 were Egypt (1.6M tonnes), Algeria (1.1M tonnes) and Iran (1M tonnes), together accounting for 44% of global consumption. These countries were followed by Saudi Arabia, Sudan, India, the United Arab Emirates, Pakistan, Iraq, Oman and Morocco, which together accounted for a further 39%.

From 2007 to 2018, the most notable rate of growth in terms of date consumption, amongst the main consuming countries, was attained by India, while the other global leaders experienced more modest paces of growth.

In value terms, Egypt ($2.3B), Algeria ($2.1B) and Iran ($1.1B) were the countries with the highest levels of market value in 2018, together accounting for 40% of the global market. These countries were followed by Iraq, Saudi Arabia, Sudan, Oman, Morocco, Pakistan, the United Arab Emirates and India, which together accounted for a further 38%.

In 2018, the highest levels of date per capita consumption was registered in Oman (79 kg per person), followed by the United Arab Emirates (39 kg per person), Algeria (26 kg per person) and Saudi Arabia (19 kg per person), while the world average per capita consumption of date was estimated at 1.09 kg per person.

In Oman, date per capita consumption plunged by an average annual rate of -1.8% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the United Arab Emirates (-10.1% per year) and Algeria (+5.1% per year).

Market Forecast 2019-2025

Driven by increasing demand for date worldwide, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.3% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 9.8M tonnes by the end of 2025.

Production 2007-2018

In 2018, approx. 8.4M tonnes of dates were produced worldwide; picking up by 2.3% against the previous year. The total output volume increased at an average annual rate of +1.7% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2015 with an increase of 6.4% against the previous year. The global date production peaked in 2018 and is likely to continue its growth in the near future. The general positive trend in terms of date output was largely conditioned by a modest increase of the harvested area and a relatively flat trend pattern in yield figures.

In value terms, date production totaled $13.2B in 2018 estimated in export prices. Overall, date production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when production volume increased by 25% against the previous year. Over the period under review, global date production attained its peak figure level at $14.4B in 2016; however, from 2017 to 2018, production failed to regain its momentum.

Production By Country

The countries with the highest volumes of date production in 2018 were Egypt (1.6M tonnes), Iran (1.2M tonnes) and Algeria (1.1M tonnes), with a combined 47% share of global production.

From 2007 to 2018, the most notable rate of growth in terms of date production, amongst the main producing countries, was attained by Algeria, while the other global leaders experienced more modest paces of growth.

Harvested Area 2007-2018

In 2018, the total area harvested in terms of dates production worldwide amounted to 1.4M ha, jumping by 3.6% against the previous year. The harvested area increased at an average annual rate of +1.5% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations over the period under review. The pace of growth appeared the most rapid in 2016 when harvested area increased by 6.9% against the previous year. Over the period under review, the harvested area dedicated to date production reached its peak figure in 2018 and is likely to continue its growth in the near future.

Yield 2007-2018

Global average date yield amounted to 6 tonne per ha in 2018, remaining constant against the previous year. Over the period under review, the date yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when yield increased by 8.4% against the previous year. In that year, the average date yield attained its peak level of 6.6 tonne per ha. From 2016 to 2018, the growth of the average date yield remained at a somewhat lower figure.

Exports 2007-2018

In 2018, approx. 1.1M tonnes of dates were exported worldwide. In general, date exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 39% y-o-y. In that year, global date exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, date exports amounted to $1.7B (IndexBox estimates) in 2018. In general, date exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 39% against the previous year. In that year, global date exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

Iraq (263K tonnes), Iran (180K tonnes), Pakistan (136K tonnes), Tunisia (115K tonnes), Saudi Arabia (104K tonnes) and the United Arab Emirates (97K tonnes) represented roughly 79% of total exports of dates in 2018. It was distantly followed by Israel (58K tonnes), committing a 5.1% share of total exports.

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

In value terms, the largest date markets worldwide were Tunisia ($319M), Israel ($207M) and Iran ($176M), together accounting for 40% of global exports. Saudi Arabia, Pakistan, the United Arab Emirates and Iraq lagged somewhat behind, together accounting for a further 31%.

The United Arab Emirates experienced the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average date export price stood at $1,530 per tonne in 2018, approximately reflecting the previous year. Over the period under review, the date export price continues to indicate a temperate downturn. The growth pace was the most rapid in 2012 when the average export price increased by 8.7% y-o-y. Over the period under review, the average export prices for dates reached their maximum at $2,031 per tonne in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Israel ($3,594 per tonne), while Iraq ($408 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other global leaders experienced mixed trends in the export price figures.

Imports 2007-2018

Global imports amounted to 1.1M tonnes in 2018. Over the period under review, date imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2009 with an increase of 32% against the previous year. The global imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, date imports stood at $1.6B (IndexBox estimates) in 2018. Overall, date imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2010 with an increase of 26% against the previous year. Over the period under review, global date imports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

India was the largest importing country with an import of about 423K tonnes, which finished at 38% of total imports. The following importers – Morocco (45K tonnes), the United Arab Emirates (41K tonnes), Indonesia (40K tonnes), Turkey (39K tonnes), the U.S. (37K tonnes), France (35K tonnes), Malaysia (31K tonnes), Bangladesh (30K tonnes), the UK (24K tonnes), Germany (22K tonnes) and Yemen (21K tonnes) – together made up 33% of total imports.

India was also the fastest-growing in terms of the dates imports, with a CAGR of +22.9% from 2007 to 2018. At the same time, Turkey (+22.9%), Bangladesh (+16.5%), the U.S. (+14.2%), the United Arab Emirates (+11.7%), Indonesia (+8.9%), Yemen (+7.0%), Malaysia (+6.6%), Germany (+6.5%), the UK (+4.7%) and France (+2.2%) displayed positive paces of growth. Morocco experienced a relatively flat trend pattern. India (+34 p.p.), Turkey (+3.2 p.p.), the United Arab Emirates (+2.6 p.p.), the U.S. (+2.6 p.p.), Bangladesh (+2.2 p.p.) and Indonesia (+2.2 p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($275M) constitutes the largest market for imported dates worldwide, comprising 18% of global imports. The second position in the ranking was occupied by the U.S. ($99M), with a 6.3% share of global imports. It was followed by France, with a 6.3% share.

From 2007 to 2018, the average annual growth rate of value in India totaled +12.7%. The remaining importing countries recorded the following average annual rates of imports growth: the U.S. (+20.6% per year) and France (+3.6% per year).

Import Prices by Country

In 2018, the average date import price amounted to $1,399 per tonne, stabilizing at the previous year. Overall, the date import price, however, continues to indicate a slight deduction. The pace of growth was the most pronounced in 2008 an increase of 16% against the previous year. In that year, the average import prices for dates attained their peak level of $1,862 per tonne. From 2009 to 2018, the growth in terms of the average import prices for dates remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($3,078 per tonne), while India ($651 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Indonesia, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

textile

Textile Hosepiping and Tubing Market in Poland Is Estimated at $9.1M in 2018

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

The revenue of the textile tubing market in Poland amounted to $9.1M in 2018, declining by -11.2% 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). Over the period under review, textile tubing consumption, however, continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2010 with an increase of 27% against the previous year. In that year, the textile tubing market attained its peak level of $14M. From 2011 to 2018, the growth of the textile tubing market remained at a somewhat lower figure.

Market Forecast 2019-2025 in Poland

Driven by increasing demand for textile tubing in Poland, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.7% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 2.4K tonnes by the end of 2025.

Production in Poland

In 2018, the textile tubing production in Poland totaled 1.7K tonnes, approximately mirroring the previous year. Over the period under review, the total output indicated measured growth from 2007 to 2018: its volume increased at an average annual rate of +2.7% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, textile tubing production decreased by -3.1% against 2015 indices. The pace of growth appeared the most rapid in 2015 with an increase of 45% year-to-year. In that year, textile tubing production attained its peak volume of 1.7K tonnes. From 2016 to 2018, textile tubing production growth remained at a somewhat lower figure.

In value terms, textile tubing production amounted to $6.5M in 2018 estimated in export prices. Overall, textile tubing production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 32% y-o-y. Over the period under review, textile tubing production reached its maximum level at $11M in 2007; however, from 2008 to 2018, production remained at a lower figure.

Exports from Poland

In 2018, the exports of textile hosepiping and similar textile tubing from Poland totaled 502 tonnes, going up by 75% against the previous year. Overall, textile tubing exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 210% year-to-year. Exports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, textile tubing exports amounted to $3.3M (IndexBox estimates) in 2018. Over the period under review, textile tubing exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2015 when exports increased by 140% y-o-y. Exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

Italy (88 tonnes), Hungary (72 tonnes) and the Czech Republic (49 tonnes) were the main destinations of textile tubing exports from Poland, with a combined 42% share of total exports. Slovakia, Croatia, Germany, Slovenia, Romania, Ukraine, the UK, Bulgaria and Lithuania lagged somewhat behind, together accounting for a further 42%.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Croatia (+78.2% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for textile tubing exported from Poland were Hungary ($366K), the UK ($334K) and the Czech Republic ($332K), with a combined 32% share of total exports. These countries were followed by Ukraine, Slovakia, Italy, Croatia, Germany, Slovenia, Romania, Bulgaria and Lithuania, which together accounted for a further 46%.

Among the main countries of destination, Croatia (+66.1% per year) experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average textile tubing export price amounted to $6,527 per tonne, jumping by 23% against the previous year. Overall, the textile tubing export price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. Over the period under review, the average export prices for textile hosepiping and similar textile tubing reached their maximum at $7,957 per tonne in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($22,492 per tonne), while the average price for exports to Italy ($2,554 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia, while the prices for the other major destinations experienced mixed trend patterns.

Imports into Poland

Textile tubing imports into Poland totaled 941 tonnes in 2018, increasing by 4.3% against the previous year. Overall, the total imports indicated a remarkable increase from 2007 to 2018: its volume increased at an average annual rate of +4.3% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, textile tubing imports increased by +38.5% against 2016 indices. The pace of growth was the most pronounced in 2010 with an increase of 55% against the previous year. Imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, textile tubing imports stood at $3.8M (IndexBox estimates) in 2018. Over the period under review, textile tubing imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 39% y-o-y. Over the period under review, textile tubing imports reached their peak figure in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, China (631 tonnes) constituted the largest textile tubing supplier to Poland, with a 67% share of total imports. Moreover, textile tubing imports from China exceeded the figures recorded by the second-largest supplier, Germany (152 tonnes), fourfold. The third position in this ranking was occupied by Croatia (54 tonnes), with a 5.8% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from China amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.3% per year) and Croatia (+7.8% per year).

In value terms, the largest textile tubing suppliers to Poland were China ($1.5M), Germany ($1.3M) and the Czech Republic ($302K), with a combined 81% share of total imports.

In terms of the main suppliers, the Czech Republic recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average textile tubing import price stood at $4,046 per tonne in 2018, reducing by -3.6% against the previous year. Over the period under review, the textile tubing import price continues to indicate a significant slump. The pace of growth was the most pronounced in 2011 when the average import price increased by 32% year-to-year. Over the period under review, the average import prices for textile hosepiping and similar textile tubing reached their maximum at $7,512 per tonne in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($8,598 per tonne), while the price for China ($2,355 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

jute

Global Jute Market 2019 – Bangladesh Continues to Dominate Exports, Despite Decline in the Past Few Years

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

The global jute market revenue amounted to $2.7B in 2018, going up by 4.6% 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 market value increased at an average annual rate of +1.4% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed over the period under review. The pace of growth was the most pronounced in 2011 when the market value increased by 18% year-to-year. In that year, the global jute market reached its peak level of $2.9B. From 2012 to 2018, the growth of the global jute market remained at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of jute consumption in 2018 were India (2.1M tonnes), Bangladesh (1.4M tonnes) and Pakistan (91K tonnes), with a combined 90% share of global consumption.

From 2007 to 2018, the most notable rate of growth in terms of jute consumption, amongst the main consuming countries, was attained by Bangladesh, while the other global leaders experienced mixed trends in the consumption figures.

In value terms, India ($1.2B), Bangladesh ($899M) and Pakistan ($70M) were the countries with the highest levels of market value in 2018, with a combined 79% share of the global market.

In 2018, the highest levels of jute per capita consumption was registered in Bangladesh (8,154 kg per 1000 persons), followed by India (1,552 kg per 1000 persons), Pakistan (453 kg per 1000 persons) and China (54 kg per 1000 persons), while the world average per capita consumption of jute was estimated at 512 kg per 1000 persons.

In Bangladesh, jute per capita consumption expanded at an average annual rate of +14.5% over the period from 2007-2018. In the other countries, the average annual rates were as follows: India (-1.2% per year) and Pakistan (-4.8% per year).

Production 2007-2018

In 2018, approx. 3.9M tonnes of jute and jute–like fibers were produced worldwide; picking up by 2.4% against the previous year. The total output volume increased at an average annual rate of +1.8% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2011 when production volume increased by 24% year-to-year. In that year, global jute production reached its peak volume of 3.9M tonnes. From 2012 to 2018, global jute production growth remained at a lower figure. The general positive trend in terms of jute output was largely conditioned by mild growth of the harvested area and a modest increase in yield figures.

In value terms, jute production totaled $2.7B in 2018 estimated in export prices. The total output value increased at an average annual rate of +1.8% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The most prominent rate of growth was recorded in 2016 with an increase of 19% y-o-y. In that year, global jute production reached its peak level of $2.9B. From 2017 to 2018, global jute production growth remained at a somewhat lower figure.

Production By Country

The countries with the highest volumes of jute production in 2018 were India (2.1M tonnes) and Bangladesh (1.6M tonnes), with a combined 93% share of global production.

From 2007 to 2018, the most notable rate of growth in terms of jute production, amongst the main producing countries, was attained by Bangladesh.

Exports 2007-2018

Global exports totaled 291K tonnes in 2018, increasing by 5.7% against the previous year. Overall, jute exports, however, continue to indicate a deep curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 18% year-to-year. The global exports peaked at 643K tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, jute exports stood at $213M (IndexBox estimates) in 2018. Overall, jute exports, however, continue to indicate a slight drop. The pace of growth was the most pronounced in 2010 with an increase of 48% against the previous year. The global exports peaked at $361M in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

Bangladesh dominates jute exports structure, reaching 229K tonnes, which was near 79% of total exports in 2018. It was distantly followed by India (14K tonnes), creating a 4.8% share of total exports. The following exporters – Tanzania (12,710 tonnes), Belgium (10,536 tonnes), Kenya (8,787 tonnes) and Malaysia (4,638 tonnes) – together made up 13% of total exports.

Exports from Bangladesh decreased at an average annual rate of -8.0% from 2007 to 2018. At the same time, Malaysia (+33.3%), Belgium (+6.0%) and Tanzania (+1.5%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter in the world, with a CAGR of +33.3% from 2007-2018. By contrast, Kenya (-1.9%) and India (-6.6%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Belgium and Malaysia increased by +1.7% and +1.5% percentage points, while India (-5.4 p.p.) and Bangladesh (-117.5 p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($158M) remains the largest jute supplier worldwide, comprising 74% of global exports. The second position in the ranking was occupied by Tanzania ($18M), with a 8.2% share of global exports. It was followed by Kenya, with a 6.5% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Bangladesh amounted to -1.8%. In the other countries, the average annual rates were as follows: Tanzania (+5.8% per year) and Kenya (+2.4% per year).

Export Prices by Country

The average jute export price stood at $734 per tonne in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the export price indicated a prominent increase from 2007 to 2018: its price 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, jute export price decreased by -11.1% against 2016 indices. The most prominent rate of growth was recorded in 2010 an increase of 38% year-to-year. Over the period under review, the average export prices for jute and jute–like fibers attained their peak figure at $825 per tonne in 2016; however, from 2017 to 2018, export prices stood 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 Kenya ($1,572 per tonne), while Malaysia ($131 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Bangladesh, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, approx. 295K tonnes of jute and jute–like fibers were imported worldwide; jumping by 8% against the previous year. Over the period under review, jute imports, however, continue to indicate a drastic decline. The most prominent rate of growth was recorded in 2016 when imports increased by 17% y-o-y. The global imports peaked at 496K tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, jute imports amounted to $197M (IndexBox estimates) in 2018. In general, jute imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of 59% year-to-year. Over the period under review, global jute imports reached their maximum at $342M in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

Pakistan (91K tonnes) and India (64K tonnes) represented the largest importers of jute and jute–like fibers in 2018, amounting to near 31% and 22% of total imports, respectively. Nepal (41K tonnes) took the next position in the ranking, followed by China (31K tonnes). All these countries together took approx. 25% share of total imports. The following importers – Germany (8,103 tonnes), the UK (6,147 tonnes), Cote d’Ivoire (5,799 tonnes), Brazil (5,503 tonnes) and South Korea (4,465 tonnes) – together made up 10% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Germany, while the other global leaders experienced more modest paces of growth.

In value terms, the largest jute importing markets worldwide were Pakistan ($49M), India ($40M) and Nepal ($23M), with a combined 56% share of global imports.

Nepal recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average jute import price stood at $669 per tonne in 2018, going down by -7.9% against the previous year. In general, the import price indicated a buoyant increase from 2007 to 2018: its price increased at an average annual rate of +4.3% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, jute import price decreased by -18.3% against 2016 indices. The pace of growth was the most pronounced in 2010 an increase of 58% year-to-year. Over the period under review, the average import prices for jute and jute–like fibers reached their maximum at $819 per tonne in 2016; however, from 2017 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Cote d’Ivoire ($1,097 per tonne), while China ($501 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Nepal, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

dairy

Dairy Spread Market in the EU – Key Insights

IndexBox has just published a new report, the EU – Dairy Spreads – Market Analysis, Forecast, Size, Trends And Insights. Here is a summary of the report’s key findings.

The revenue of the dairy spread market in the European Union amounted to $827M in 2017, surging by 18% 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 market value increased at an average annual rate of +1.9% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2017, when it surged by 18% y-o-y. In that year, the dairy spread market attained its peak level, and is likely to continue its growth in the immediate term.

Production in the EU

In 2017, approx. 200K tonnes of dairy spreads were produced in the European Union; increasing by 9.1% against the previous year. The dairy spread production continues to indicate a relatively flat trend pattern.

Dairy Spread Exports

Exports in the EU

In 2017, exports of dairy spreads in the European Union stood at 31K tonnes, flattening at the previous year. The dairy spread exports continue to indicate a perceptible curtailment.

In value terms, dairy spread exports stood at $138M (IndexBox estimates) in 2017. The dairy spread exports continue to indicate a relatively flat trend pattern. In that year, dairy spread exports reached their peak of $204M. From 2009 to 2017, the growth of dairy spread exports remained at a somewhat lower figure.

Exports by Country

Belgium was the main exporting countries with an export of about 9.5K tonnes, which amounted to 31% of total exports. Poland (4.5K tonnes) ranks second in terms of the global exports with a 15% share, followed by the UK (9.2%), Germany (8.4%), France (8.2%), Ireland (8%), Croatia (6.7%) and the Netherlands (4.8%).

Exports from Belgium decreased at an average annual rate of -2.0% from 2007 to 2017. At the same time, Poland (+31.2%), Croatia (+13.1%), the Netherlands (+5.5%) and France (+5.1%) displayed positive paces of growth. Moreover, Poland emerged as the fastest growing exporter in the European Union, with a CAGR of +31.2% from 2007-2017. Germany experienced a relatively flat trend pattern. By contrast, Ireland (-4.7%) and the UK (-17.2%) illustrated a downward trend over the same period. From 2007 to 2017, the share of the UK, Belgium and Ireland increased by 52%, 7.1% and 5% percentage points, while the Netherlands (-2%), France (-3.2%), Croatia (-4.8%) and Poland (-13.7%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($47M) remains the largest dairy spread supplier in the European Union, comprising 34% of global exports. The second position in the ranking was occupied by Germany ($17M), with a 12% share of global exports. It was followed by Poland, with a 9.3% share.

Export Prices by Country

The dairy spread export price in the European Union stood at $4.5 per kg in 2017, going up by 26% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +3.7%.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Germany ($6.5 per kg), while the UK ($2.6 per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the Netherlands (+4.9% per year), while the other leaders experienced more modest paces of growth.

Dairy Spread Imports

Imports in the EU

The imports totaled 31K tonnes in 2017, waning by -30.2% against the previous year. The dairy spread imports continue to indicate an abrupt decrease. The growth pace was the most rapid in 2015, when the imports increased by 18% against the previous year. In that year, dairy spread imports reached their peak of 54K tonnes. From 2016 to 2017, the growth of dairy spread imports failed to regain its momentum.

In value terms, dairy spread imports amounted to $120M (IndexBox estimates) in 2017. The dairy spread imports continue to indicate a slight contraction. Over the period under review, dairy spread imports attained their maximum at $167M in 2014; however, from 2015 to 2017, imports remained at a lower figure.

Imports by Country

In 2017, the UK (7.1K tonnes), distantly followed by Germany (4.6K tonnes), France (2.6K tonnes), Portugal (2.6K tonnes), Slovakia (2.1K tonnes), the Netherlands (1.7K tonnes), Spain (1.5K tonnes) and the Czech Republic (1.4K tonnes) represented the main importers of dairy spreads, together mixed up 77% of total imports. The following importers – Greece (1.3K tonnes), Belgium (1.1K tonnes), Austria (726 tonnes) and Romania (651 tonnes) together made up 12% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Netherlands (+43.7% per year), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($28M), Germany ($17M) and France ($13M) constituted the countries with the highest levels of imports in 2017, with a combined 48% share of total imports. These countries were followed by Portugal, Spain, Belgium, Austria, Slovakia, Greece, the Czech Republic, the Netherlands and Romania, which together accounted for a further 41%.

Import Prices by Country

In 2017, the dairy spread import price in the European Union amounted to $3.9 per kg, picking up by 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%.

Import prices varied noticeably by the country of destination; the country with the highest import price was Austria ($7.3 per kg), while the Netherlands ($2.2 per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by France (+9.2% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

blockchain

German-Austrian Trade Transaction Successful on Marco Polo’s Blockchain Platform

The S-Servicepartner, Sparkasse Bielefeld and the Austrian Raiffeisen Bank International, together with Dr. August Wolff GmbH & Co. KG Arzneimittel and its business partner, the pharmaceutical company s.a.m. Pharma Handel GmbH successfully completed a digital trade transaction with a receivables-based financing component on the Marco Polo platform. A special feature: the S-Servicepartner, currently the only back-office service provider worldwide within the Marco Polo consortium, the largest and fastest-growing trade finance network, was able to process a blockchain-based trade transaction for the first time together with a savings bank and its customer. Another highlight: Raiffeisen Bank International was the first Austrian bank to carry out a pilot transaction on the Marco Polo platform.

The Marco Polo network connects banks, corporates and technology-partners to streamline their working capital and trade finance activities through direct data exchange. It provides digital solutions for international trade and supply chain as well as receivables-based financing using R3 Corda Blockchain technology. Companies will be able to access the platform’s offerings via web portals, local and cloud-based platforms, and ERP-integrated applications.

The settlement and financing of trade transactions via a Distributed Ledger Technology (DLT)-based platform is of equal interest to companies of all sizes active in foreign trade. The S-Servicepartner participates in the development of the Marco Polo platform, representing all savings banks in Germany, and pursues the goal of providing the savings banks with access to the Marco Polo product offering. The service provider is, therefore, testing the functionality and experience of the products on the Marco Polo platform together with selected savings banks and their medium-sized corporate customers. “This is the first transaction in a pilot series with savings banks with which we want to make an important contribution towards production maturity,” says Jürgen Nagel, a member of the Management Board of S-Servicepartner Berlin. “The insights gained by all participants will be directly incorporated into the further development of the modules”.

Ralf Hüpel, Head of International Business at Sparkasse Bielefeld, states: “We are very happy and satisfied to be able to contribute the view of a savings bank at such an early stage in the development of this platform. As the first savings bank in Germany, we were able, together with our customer, to give important impulses for the further development of this international project”.

“The Wolff Group, which is always interested in cutting edge innovations, sees an opportunity for the future to raise considerable efficiency potentials and significantly improve transparency in the entire process, from ordering to payment”, confirms Tanja Niedenführ, Head of Finance and Accounting Department at the pharmaceutical manufacturer.

Raiffeisen Bank International (RBI) began looking at the existing blockchain-based trade finance solutions in 2017. Of all the available platforms, RBI ultimately opted for Marco Polo. “Marco Polo best suited our strategy as the platform combines traditional trade finance products with new blockchain-based solutions such as Payment Commitment,” says Stefan Andjelic, RBI Blockchain Hub Lead. The cooperation with S-Servicepartner and the two companies gave a good impression of the marketability of the Marco Polo platform. “The transaction showed how Marco Polo can make trade finance more transparent and efficient through automation,” says Andreas Zietz, RBI Teamlead Trade Finance.

Also for Michael Stanzig, Managing Director of s.a.m. Pharma Handel GmbH, the pilot has shown that the Marco Polo platform provides transparency and security to all sides. “The usability of the platform is relatively easy for our part and operated without any problems,” Michael Stanzig continues.

“This pilot demonstrates the benefits of leveraging blockchain technology for open account trade finance transactions. By using the Marco Polo Platform, we create a safe and digital environment, which provides the foundation for a global trade finance marketplace,” said Rob Barnes, CEO of TradeIX.

The parties to the transaction agree that the cooperative partnership not only provided a deeper insight into the innovative technology but also brought the conviction that the underlying visions can be put into practice in the near future.

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The S-Servicepartner is the largest back office service provider for the savings banks in Germany. As a process industrialiser, the S-Servicepartner supports the savings banks with standardization and automation solutions using modern technologies such as Robotic Process Automation (RPA) and Business Intelligence (BI). Today, the corporate group employs more than 2,350 people at 11 locations throughout Germany and generates annual sales of around 200 million euros.

Sparkasse Bielefeld is the market leader in its area of business for medium-sized corporate customers and the most important financing partner for medium-sized companies in Bielefeld. The bank handles more than 20,000 commercial customer relationships in Bielefeld and has provided around 550 million Euros in new commercial loans in 2018.

The Dr. Wolff Group, with brands such as Alpecin, Plantur and Alcina, as well as Linola, Vagisan, Biorepair and Karex, is a family business from Bielefeld, now in its fourth generation, with 675 employees and expanding worldwide. Since its foundation in 1905, the company has focused on research and the scientifically proven benefits of its products in order to find a solution for hair and skin problems. With its own developments, the company achieved a turnover of 309 million Euros (2018). Dr. Wolff is operating in more than 60 countries.

RBI regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. 13 markets of the region are covered by subsidiary banks. Additionally, the RBI Group comprises numerous other financial service providers, for instance in leasing, asset management or M&A. 

Around 47,000 employees service 16.5 million customers through approx. 2,100 business outlets, the by far largest part thereof in CEE. RBI’s shares are listed on the Vienna Stock Exchange. The Austrian Regional Raiffeisen Banks own around 58.8 percent of the shares, the remainder is in free float. Within the Austrian Raiffeisen Banking Group, RBI is the central institute of the Regional Raiffeisen Banks and other affiliated credit institutions.

s.a.m. Pharma Handel is a small successful company founded in 2003 in the OTC pharmaceutical sector with the aim of marketing European pharmaceutical companies that are not independently represented in Austria.