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European Bicycle Imports Peak at $3.6B

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Archives, Global Trade Daily, Imports/Exports

European Bicycle Imports Peak at $3.6B

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

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


 

Bicycle Imports in the EU

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

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

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

In 2020, the bicycle import price in the EU amounted to $262 per unit, picking up by +3.9% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Austria ($567 per unit), while Ireland ($156 per unit) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform 

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Archives, Global Logistics, Global Trade Daily, Special Reports

Helping the World is Good for Business

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There aren’t many times in any industry when going the extra mile to do the right thing is actually really good for business too. But it does happen.

Skeptical? You’re not alone. After two years of juggling, pivoting, problem solving, reimagining and then doing it again – all of which have drained energies and operational budgets – any transportation logistics executive in charge of budgeting, could be forgiven for taking a hard line on non-essential expenditures.

Proactively protecting the environment? That’s a must-do for every industry, but it’s low on a priority list that has been exclusively focused on finding and retaining carrier capacity and keeping the flow of goods moving across the country and around the world.


 

As we all continually re-examine ways to cut costs and realize even greater operational efficiencies, improving environmental protocols – and reducing C02 emissions specifically – presents a rare win-win dynamic in which operations leaders can preemptively align around incoming regulations, optimize network efficiencies and reduce C02, an increasingly problematic contributor to greenhouse gasses (GHG’s) and overall environmental impact. If all of that sounds a little like having your cake and eating it, you’re not wrong. Let’s dig in, get some broader perspective and take a closer look at the issues and strategic steps to lowering emissions and raising profits.

The Global Perspective: efforts to reduce emissions

Protecting the environment seemed more an extreme activist position a few decades ago but it’s rightly now a global perspective – and with good reason. The Paris Accord – an agreement by countries around the world to reach net zero carbon emissions by 2050 – mandates a target of no more than a 1.5 degree Celsius change in global temperature beyond pre-industrial levels. According to Stanford University, as of March 2021, 64 countries signed the agreement but the race is on. While pandemic lockdowns and other confinement measures cut global emissions by 2.6 billion tons of CO2, about seven percent below pre 2019 levels, experts say that level of control cannot be maintained and the world is on track to increase global temperature by 3-5 degrees Celsius by the end of the century: a world-changing problem.

The good news is that change is being affected at the global, national, corporate and individual levels. Or at least initiatives are in place to fast track new behaviors. At the international level, 27 countries have implemented a carbon tax, imposing fees on industries for carbon emissions in an effort to incentivize a switch to improved practices and both green technologies and power sources. Pro-tax countries include Argentina, Canada, Chile, China, Colombia, Denmark, the European Union (27 countries), Japan, Kazakhstan, Korea, Mexico, New Zealand, Norway, Singapore, South Africa, Sweden, the United Kingdom, and Ukraine. Others considering joining include Brazil, Brunei, Indonesia, Pakistan, Russia, Serbia, Thailand, Turkey, and Vietnam. In addition, 64 carbon pricing initiatives are currently in force across the globe on various regional, national, and subnational levels, with three more scheduled for implementation, according to The World Bank. Together, these initiatives have been estimated to cover 21.5% of the global greenhouse gas emissions in 2021.

A gradual shift to renewable energy worldwide is also underway with solar-generated power leading the way. While coal and gas still account for around 60% of the world’s energy, renewable forms of energy production are growing fast. According to Earth.org, worldwide solar power production has grown 25% year-on-year with overall renewable energy now accounting for 29% of the global power supply and the first countries, like Iceland, being close to 100% renewable-energy-powered. This pace of change will pick up, but it’s also going to require the major industries that generate large amounts of C02  – for example manufacturing and livestock-based meat production – as well as other private sector companies and every team within them – to affect change from the top down and bottom up. While the earth’s agriculture goliaths tackle damaging methane gas emissions (9.6% of all U.S. greenhouse gas emissions), a society-wide movement is beginning, with the adoption of consumer and coming commercial electric vehicles, single use plastics, ride sharing and plant-based food production.

The C-Suite Perspective: targeting the supply chain and improving visibility

While all of that is tremendously encouraging and needed, corporate America and its global counterparts are being asked to do more. Forbes reports leaders now recognize the need for their companies and organizations to drive more proactive environmental change through C02-limiting practices across the organization but particularly in relation to the supply chain. According to the Environmental Protection Agency (EPA), company supply chains now account for a staggering 90% of an organization’s greenhouse gas (GHG) emissions.

While changes to other emissions-reducing strategies, including business travel practices, electric vehicles and renewable energy use, all help corporations lower their carbon footprint, tackling supply chain emissions from manufacturing to the transportation, handling and management of goods is the single greatest impact generator for many businesses. Kevin Sneader, global managing partner, McKinsey & Company hits the nail squarely on the head about exactly what’s needed to affect this level of network-wide change:

“While there wasn’t much debate about the science [of necessary reduction of C02 emissions], executives and investors were concerned about the lack of reliable data on the efforts companies and society are making, not to mention their impact. Greater clarity is required in order to speed development of new standards to help markets act more efficiently and reward progress.”

The answer lies, as with many operational efficiencies initiatives, in clear access to data across your supply chain operation. How much C02 is being emitted at any given time? What are the major causes, modes or geographies and other contributing variables? Only by tracking this data, by embedding an enterprise-wide approach to ongoing C02 monitoring, can we build effective strategies to manage and reduce emissions and realize greater efficiencies at the same time. This is especially critical post global pandemic as many industries re-set and examine better practices to mitigate risk and manage challenges.

Creating Sustainability Practices in Transportation Logistics

When it comes to creating sustainable practices in logistics transportation, the great news is that the train has already left the station. Meaning shippers are already organically looking for better ways to improve execution and lower costs. And typically those changes – optimizing network and mode, carrier/LSP selection via advanced routing as well as packaging strategies to reduce dimensional weight and trim cost – will all contribute to emissions reduction. The challenge, of course, comes in how to measure any impact from these actions as part of an overall carbon reduction program.

How do we begin thinking about C02 monitoring and measurement? How do we acquire quantitative proof of progress or KPI’s that can demonstrate we’re delivering against our footprint- reduction goals? Measurement needs to include everything from the role warehouse management, packaging, product sourcing all play in emissions as well as, of course, the movement of inbound materials or inventory delivery and outbound transportation of goods across mode, region and geography.

Tracking CO2: Supporting a Broader Sustainability Initiative

As we set about to review sustainable practices within an operation, it’s a good idea to adopt a broader view of sustainability. Yes, transportation will be a major driver of C02 emissions and require monitoring, but let’s review other contributing factors too. Do your carriers across your network practice emissions-reduction strategies? Things like load consolidation, which will typically lower cost per unit weight, reduce your number of shipments, reduce fuel needs and lead to an overall reduction of C02. If they’re not using basic emissions-reduction practices or considering doing so, it may be time to find new carriers.

Unfortunately, there is no global standard to measure CO2 in relation to transportation logistics which makes comparison across the industry extremely difficult at present. In the United States, the EPA’s Smartway program is attempting to standardize CO2 coefficients but not all companies have adopted a single source of CO2, nor a common definition as it relates to transportation logistics. Until this happens, the best course of action is internal measurement: consistently monitoring and measuring across your operation and benchmarking emissions- reduction against your own goals and initiatives to affect them. Only by doing this and having the data-driven proof points can we set new goals as well as broader sustainability targets that can all be reported to customers, partners, investors and other stakeholders.

It’s All About Data: FAP’s Role in CO2 Measurement

Visibility is the key to delivering on your targets for sustainability and emission reduction, and that can only come from data collection, curation and analysis. Two fundamental components for measuring CO2 emissions in transportation logistics are weight and distance. How large and heavy are my goods? How far and by which means do they need to travel, what’s the fuel required and how efficient is consumption? A good quality Freight Audit and Payment (FAP) system tracks weight and lane, which can help calculate distance, plus additional variables, making it a foundational step and required tool for any CO2 measurement and reduction effort.

While there is no single source or method to deriving CO2 yet, distance, weight, and mode of transportation are all key fundamental elements that support the calculation of CO2 related to transportation logistics. The bottom line is that by combining these input values with CO2 coefficients, it’s possible to calculate the CO2 associated with any shipment, regardless of mode of transport and geographic region.

A natural place to begin is where carbon emissions reduction has a material impact (transportation logistics) and where transportation spend management data is available (historical record of shipping activity with specific distance, weight, mode of transport available).   Dashboards and trends along with KPIs for both cost to serve metrics (cost per unit, cost per shipment, cost per unit weight) and carbon emissions (CO2 by lane, by LSP) create awareness and can be used to establish baselines and alignment for both carbon reduction and transportation spend optimization. This same dashboard can be used by logistics, procurement, operations management, and executives to align on, and report, progress at all levels of the organization at any given time.

Getting the Most from Your KPI’s

According to Forrester, 59% of all companies worldwide now follow data-driven strategies and that number is growing as even small-to-medium sized organizations realize the benefits of data analysis. As you build your sustainability protocols and measurement practices to get the most from your KPI’s, two things are important.

Continuous Process Improvement

Set goals and use appropriate KPI’s and influencers (cost per unit of distance, CO2 per unit of distance) which will deliver ongoing process improvements: proper supplier and LSP management across your operation as well as more informed decision making for everything from mode of transportation and packaging choice all the way to corporation level decisions around emissions control strategies.

Optimized Strategies

Build carbon emission reduction strategies into your overall optimization strategies. They’re one and the same. Putting in place operational changes to improve efficiencies will reduce emissions. Setting emissions reduction goals will necessitate changes that improve efficiency. And consistent, standardized and high quality data is essential for both.

Do both of these things: continually drive improvement across every process and embrace data- driven decision making to optimize strategies, and you’ll put in place the steps and tools to not just lower C02 emissions, but related operational costs too.

___________________________________________________________________

Steve Beda is executive vice president of customer solutions for Trax Technologies, the global leader in Transportation Spend Management solutions. Trax elevates traditional Freight Audit and Payment with a combination of industry leading cloud-based technology solutions and expert services to help enterprises with the world’s more complex supply chains better manage and control their global transportation costs and drive enterprise-wide efficiency and value. For more information, visit www.traxtech.com.  

zirconium
Archives, Global Trade Daily, Imports/Exports

China Strengthens Leading Position in Global Imports of Zirconium Ores and Concentrates

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

The global zirconium ore and concentrate market soared by +16% y-o-y to $2.4B in 2020. China, Australia and the U.S. lead global zirconium ore and concentrate consumption, with a combined 78%-share of the total volume. China prevails in global zirconium concentrate imports, steadily increasing the volume of purchases over the last decade. In 2020, the world average import price for zirconium ores and concentrates amounted to $987 per tonne, rising at an average annual rate of +1.1% over the past ten years.


 

Global Consumption of Zirconium Ores and Concentrates

The global zirconium ores and concentrate market soared to $2.4B in 2020, increasing by +16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, indirect taxes and intermediaries’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.2% from 2010 to 2020.

The countries with the highest volumes of zirconium ores and concentrates consumption in 2020 were China (1.2M tonnes), Australia (711K tonnes) and the U.S. (98K tonnes), together comprising 78% of global consumption. These countries were followed by Spain, India, Senegal and South Africa, which together accounted for a further 10%.

In value terms, China ($976M), Australia ($529M) and the U.S. ($155M) constituted the countries with the highest levels of market value in 2020, together accounting for 70% of the global market. These countries were followed by Spain, India, Senegal and South Africa, which together accounted for a further 14%.

In 2020, the highest levels of zirconium ores and concentrates per capita consumption was registered in Australia (28 kg per person), followed by Senegal (3 kg per person), Spain (2 kg per person) and South Africa (1 kg per person), while the world average was estimated at 0.33 kg per person.

Global Imports of Zirconium Ores and Concentrates

In 2020, supplies from abroad of zirconium ores and concentrates decreased by -8% to 1.5M tonnes, falling for the second year in a row after two years of growth. In value terms, zirconium ore and concentrate imports shrank markedly to $1.5B (IndexBox estimates) in 2020. Overall, total imports indicated a mild expansion from 2010 to 2020: the value increased at an average annual rate of +0.5% over the last decade.

China prevails in zirconium concentrate import structure, resulting in 1.1M tonnes, which was approx. 72% of total imports in 2020. It was distantly followed by Spain (101K tonnes), generating a 6.7% share of total imports. India (56K tonnes), Malaysia (35K tonnes), Italy (35K tonnes) and the U.S. (24K tonnes) held a minor share of total imports.

From 2010 to 2020, the average annual growth rates of zirconium ore and concentrate imports into China stood at +4.0%. Over this period, China increased its imports from 732K tonnes to 1.1M tonnes. From 2010 to 2020, China (+21 p.p.) significantly strengthened its position in zirconium ore and concentrate imports.

Malaysia (+6.3%) and India (+1.8%) also displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer globally, with a CAGR of +6.3% from 2010-2020. Meanwhile, the U.S. experienced a relatively flat trend pattern. By contrast, Spain (-3.6%) and Italy (-9.9%) illustrated a downward trend over the same period.

In value terms, China ($869M) constitutes the largest market for imported zirconium ores and concentrates worldwide, comprising 59% of global imports. The second position in the ranking was occupied by Spain ($142M), with a 9.6% share of global imports, and it was followed by India, with a 5.3% share.

In 2020, the global average import price for zirconium ores and concentrates amounted to $987 per tonne, declining by -9.5% against the previous year. Over the period under review, import price indicated a modest increase from 2010 to 2020: its price increased at an average annual rate of +1.1% over the last decade.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the U.S. ($2,000 per tonne), while China ($1,000 per tonne) was amongst the lowest. In 2020, the U.S. attained the most notable price growth rate, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

sensor
Archives, Global Trade Daily, News

3 key trends bolstering current sensor market share through 2027

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The global current sensor market value is expected to register commendable expansion over the forthcoming years, impelled by the rising demand for magneto resistive technology across various regions. The technology offers high-end specifications comprising low output noise, core-less architecture, high linearity, and low hysteresis. It is extensively deployed in the energy/utility sector, owing to high sensitivity, reliable performance, and design flexibility in harsh operating conditions.

Impelled by these factors, current sensor market size is estimated to surpass a valuation of USD 3 billion by 2027, as stated by the latest research conducted by Global Market Insights, Inc.

Numerous current sensor companies, including TDK Corporation, Allegro MicroSystems, Infineon Technologies AG, Silicon Laboratories, Honeywell International, Aceinna, and others, are focusing on the adoption of strategic moves such as mergers, acquisitions, and product developments for consolidating their position in the market.


For instance, in October 2021, Infineon Technologies AG launched its XENSIV TLE4972 automotive current sensor, which makes use of the company’s well-proven Hall technology for stable and precise current measurements.

Quoting another instance, in September 2021, Hioki rolled out two new products, comprising an AC/DC sensor and a power analyzer. The solutions have been designed for ensuring the efficient and safe use of energy via accurate electric flow measurement in wind & solar power-generation equipment.

Here are some pivotal trends that are expected to influence current sensor industry expansion over the ensuing years:

Rising demand for UPS & SMPS

The market revenue from UPS (Uninterrupted Power Supply) & SMPS (Switched-Mode Power Supply) applications is anticipated to escalate at a CAGR of 7% between 2021 and 2027. This rise is majorly impelled by the surging demand for high-speed broadband connections and cloud-based services in data centers.

Different current sensor types help in the improvement of UPS and SMPS in an efficient manner by limiting the flow of reverse current in systems, while enhancing safety. The technology has advanced from conventional large sizes to compact rack systems for data centers.

Increasing adoption of e-mobility across Europe

Rising formulation of strict safety and emission regulations is encouraging the adoption of e-mobility in Europe, boosting current sensor industry outlook in the coming years. Citing an instance, the EC (European Commission) has set an aggressive CO2 emission reduction target for the transportation industry through 2050. The sector, therefore, anticipates a high penetration of EVs between 2030 and 2050.

Key automotive OEMs in the region, comprising Audi, BMW Group, PSA Group, and others, are focusing on the development of advanced automotive safety systems, comprising ADAS and self-driving cars. Owing to these aspects, Europe current sensor market value is estimated to register a CAGR of 5.5% from 2021 to 2027.

Expanding product deployment across the telecommunication sector

The telecommunication segment accounted for nearly 10% of the market revenue in 2020 and is estimated to exceed a CAGR of 5% through the estimated period. This rise is attributed to the escalating integration of 5G technology in developing countries comprising South Korea, Argentina, India, and China, among others.

The increasing demand for continuous internet connectivity and escalating data traffic owing to the remote working trend is forcing telecom operators in the upgradation of their network infrastructure, augmenting industry size in the near future.

In a nutshell, the soaring adoption of hybrid and electric vehicles at the global level will spur current sensor market size over the anticipated period.

Source: Global Market Insights Inc.

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3pls, Archives, Global Logistics, Global Trade Daily

Third-Party Logistics Providers Need Data Analytics to Save Money

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Logistics data analytics can provide an invaluable competitive edge to third-party logistics (3PL) providers. 3PLs face a rapidly changing market. Supply chain disruptions and the rapid growth of e-commerce mean they must be ready to adapt if they want to continue providing high-quality services for their customers.

Data analytics allow 3PLs to uncover new insights to improve decision-making and provide cost savings.

How 3PLs Can Leverage Logistics Data Analytics

Today, businesses of all kinds have access to more information than ever — and a range of analytics tools that can extract deep insights from large data sets.

Almost any business can benefit from data analytics, but 3PLs are in a particularly good position to use these tools. These companies can secure a few significant advantages by using them.

1. Improved Risk Management

Modern 3PLs face various risks. The right data makes it easier to take a proactive risk management approach, making better decisions regarding carrier selection, freight tenders and the business partnerships the 3PL will establish.

Better data can also make it easier to identify potential risks and their potential impact. Identifying these threats can make a proactive risk management approach easier to implement and more effective — potentially providing significant cost savings.

Some 3PL tools even utilize advanced technology like AI to improve supply chain resilience and risk management. 3PLs can use them to uncover insights that less advanced analytics technology wouldn’t be able to find — securing a valuable competitive advantage.

2. Lower Transportation Costs

Data collected from the supply chain can make it easier to visualize and manage daily operations. 3PLs can use data dashboards and similar tools to centralize the information they gather and provide it in an easy-to-understand format for managers, supply chain specialists and key decision-makers.

3PL team members can then more easily track key KPIs — like cost per unit, order accuracy and processing time. Analytics tools will also help the 3PL identify relationships between business practices and these KPIs, making it easier to spot operational bottlenecks and inefficiencies.

3. Stronger 3PL-Client Relationships

Data from the supply chain and logistics operations can make it much easier to analyze and respond to changes in the global supply chain market. This information can also make 3PLs a better business partner to their clients. The right shipping and logistics analysis allows a 3PL’s associates to secure a valuable competitive advantage.

One recent study of the 3PL market found that interest in robotics and data analytics is rising fast among shippers. More 3PLs are adopting data analytics technology, and these tools may become critical for strong client relationships. Clients may look elsewhere if a business can’t offer a tool its competition can.

Data Analytics Can Provide Major Cost Savings

Many of the advantages data analytics provide can help 3PLs save time and money. Managing risk reduces the chance that an unforeseen hazard will cost a 3PL significant resources.

Lower transportation costs can reduce one of the biggest expenses for a 3PL — and allow the company to pass cost savings on transportation to its clients.

Better relationships with clients can provide steadier business for a 3PL, potentially decreasing costs associated with marketing and client relationship management.

3PL Data Analytics in Practice

Various 3PL data analytics approaches exist. These data analytics strategies offer benefits throughout an organization by providing workers with better information that can streamline operations or be passed onto business partners and clients.

Supply Chain Visibility and Transparency

Low supply chain visibility can make accurate predictions about availability, shipping times and processing speed much more difficult.

New data-collection and organization tools allow 3PLs to develop a much deeper understanding of how products are moving through the supply chain and how effectively current shipping partners are managing their operations.

Supply chain management tools may also lay the foundation for IoT-powered tracking and transparency. The right Internet of Things (IoT) tracking devices will let 3PLs monitor goods continuously as they move through the supply chain. These devices can provide information about a shipment’s current location, speed and shipping conditions.

This information can make it easier to track goods and predict shipping speed or delivery timing.

IoT supply chain monitoring may be especially valuable for 3PLs that offer cold chain management services. The same IoT device can track a shipment’s current location and temperature. It can immediately alert drivers and managers of an excursion, allowing them to respond quickly to prevent product spoilage.

Data-Driven Resource Planning

Enterprise resource planning (ERP) is an essential investment for any 3PL. It makes it much easier for managers to effectively understand and react to the business’s current resource planning needs.

Resource planning tools — along with software like warehouse management systems (WMS) and contact management systems (CMS) — can make managing essential business resources much easier.

These systems can also automate many administrative processes, like the generation of customer reports, helping to streamline client communication and business management.

KPI Dashboards and Data Visualizations

New data analytics tools allow 3PLs to centralize and organize information by using data dashboards. For example, KPI dashboards can provide managers and executives with a snapshot of current operations, performance and overall business health.

Strategic inventory dashboards can offer a real-time view of how inventory moves through the supply chain, making it easier to identify possible process issues.

Most logistics data analytics tools marketed to 3PLs offer a great deal of customization, so these tools can be adapted to fit the organization’s needs. They can provide information on different KPIs, prioritizing certain types of data and generating customized reports for clients, business partners or regulators as needed.

Using Logistics Data Analytics to Save Money in a Changing Market

The right analytics tools allow 3PLs to streamline their operations, save money and build stronger client relationships. Data dashboards, supply chain visibility tools, and systems like ERPs or WMSs can make it much easier to manage essential processes, automate work and make more informed decisions.

Early adopters of data analytics will secure a competitive advantage over other 3PLs, making them a more valuable investment for their clients.

Archives, Global Trade Daily, News

Rising regulatory approvals to drive bioglass fiber market expansion in Europe

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Over the recent years, an extensive array of bioglass benefits including good osteostimulativity, osteoconductivity, mechanical strength, and degradability have been instrumental in unlocking critical growth opportunities for bioglass fiber market players across the orthopedics application. Upon implantation into the body, these products effectively reinforce the bonding between hard and soft tissues, promote the formation of dense HA (hydroxyapatite) layer on the surface, and rapidly combine with bone tissue for inducing and accelerating the process of bone growth.

These properties of bioactive glass have propelled an increase in studies pertaining to BG application in numerous orthopedic areas comprising BG bone cement, BG nanoparticles, BG coating, BG nanofibers, drug and biological factor-load BG, BG scaffolds, injectable BG-based hydrogels/pastes, metal ion-loaded BG, and others. Similar initiatives are expected to augment bioglass fiber market size, which is anticipated to surpass USD 15.3 million by 2027, according to Global Market Insights Inc.

Here are a few key trends that are slated to stimulate the business landscape in the near future:

Rising demand for borate-based glass and glass ceramic products

While the market revenue from borate-based glass is estimated to exhibit a CAGR of 9% through the estimated period, the glass ceramic segment is expected to account for an appreciable valuation through 2027.

This growth can be attributed to the mounting adoption of glass ceramics in dental care products including corrosion inhibitors and filler materials. Optimum bone-grafting ability and good biocompatibility are additional factors expected to push product demand over the coming years.

Growing research activities pertaining to dental application

Numerous organizations are taking a keen interest in conducting research initiatives centered on the applicability of bioglass fiber in the field of dental care. One such study, published in May 2021, aimed at investigating the bioactivity and cytotoxicity of a novel nanocomposite containing nBGs (nanoparticles of bioactive glass) on human dental pulp stem cells (hDPSCs).

The research found that the use of nBG/BD not only enabled hDPSC proliferation and attachment but also escalated the expression of ALP in mineral-producing cells. The findings are slated to create opportunities for the deployment of nBG/BD in vital pulp therapies.

Europe bioglass fiber market: Increasing number of product approvals to drive business landscape in the region

The European region has recorded an upsurge in the approval of newly developed products by regulatory bodies across various countries. For instance, in May 2021, Prosidyan, Inc., secured two CE Marks for its FIBERGRAFT BG Morsels, FIBERGRAFT BG Putty GPS, and FIBERGRAFT BG Putty. Made from proprietary micro- and nano-sized bioactive glass fibers, the FIBERGRAFT substitute provides numerous advantages such as optimized rates of resorption, high surface area, and direct connectivity.

Steps taken by leading industry players: A brief overview

Major companies in the bioglass fiber industry comprise Mo-Sci Corporation (The Heraeus Group), Vetra Biomaterials, Corbion Biotech, Inc., Prosidyan, Inc., ETS Wound Care LLC., and others. These participants are depicting a greater inclination towards the implementation of strategic initiatives including collaborative agreements, mergers, and acquisitions for consolidating their position in the market.

For instance, in September 2021, The Heraeus Group acquired ETS Technology Holdings LLC and Mo-Sci Corporation. The move strengthened the group’s healthcare and medical technology portfolio, which comprises market leadership in the supply of medical devices and components.

In a nutshell, the increasing product adoption across healthcare systems in developed countries, owing to multiple benefits such as voluntary funding, government schemes, and attractive medical insurances, is expected to bolster bioglass fiber market share through the forthcoming years.

Archives, Global Trade Daily, Imports/Exports

China’s Propene Imports Fall to $2B

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

China’s propene imports shrank from $2.9B in 2019 to $2B in 2020. In physical terms, purchases fell by -20% y-o-y to 2.5M tonnes. South Korea, Japan and Taiwan constitute the largest supplies, accounting for nearly 80% of China’s propene imports. Last year, all these countries decreased propene exports to China, while Taiwan recorded the most prominent drop in supplies.

China’s Propene Imports

Propene imports into China dropped remarkably to 2.5M tonnes in 2020, which is down by -19.8% on the year before. In value terms, propene imports reduced from $2.9B in 2019 to $2B (IndexBox estimates) in 2020.

In 2020, South Korea (1.3M tonnes) constituted the largest supplier of propene to China, with a 52% share of total imports. Moreover, propene imports from South Korea exceeded the figures recorded by the second-largest supplier, Japan (599K tonnes), twofold. Taiwan (Chinese) (294K tonnes) ranked third in total imports with a 12% share.

In 2020, the volume of purchases from South Korea dropped by -11.7% y-o-y. Imports from Japan and Taiwan reduced by -15.0% y-o-y and -56.7% y-o-y, respectively.

In value terms, South Korea ($1.1B) constituted the largest supplier of propene to China, comprising 52% of total imports. The second position in the ranking was occupied by Japan ($482M), with a 24% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

The average propene import price stood at $1,000 per tonne in 2020, approximately mirroring the previous year. Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Japan ($1,000 per tonne) and Taiwan (Chinese) ($1,000 per tonne), while the price for South Korea ($1,000 per tonne) and the United Arab Emirates ($1,000 per tonne) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other significant suppliers experienced more modest paces of growth.

Source: IndexBox Platform

fermented beverages U.S
Archives, Global Trade Daily, Imports/Exports

Mexico’s Fermented Beverage Exports to the U.S. Skyrocket

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IndexBox has just published a new report: ‘U.S. – Cider, Perry, Mead And Other Fermented Beverages – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

American imports of fermented beverages, such as cider, perry and mead, recorded a twofold increase last year. In 2020, the U.S. imported 243M litres of fermented beverages worth $514M. Mexico sharply increased exports to the U.S., topping the supplier country ranking. Canada and Spain followed Mexico, also ramping up exports significantly. The U.S.’s average fermented beverage import price recorded an 11%-slump, amounting to $2.1 per litre.


 

American Fermented Beverage Imports

In 2020, the amount of cider, perry, mead and other fermented beverages imported into the U.S. soared to 243M litres, increasing twofold compared with 2019. In value terms, cider, perry and mead imports skyrocketed from $284M in 2019 to $514M (IndexBox estimates) in 2020.

Mexico (108M litres), Canada (56M litres) and Spain (15M litres) were the leading suppliers of cider, perry and mead imports to the U.S., with a combined 74% share of total imports.

Last year, the most notable rate of growth in terms of purchases amongst the leading suppliers was attained by Mexico. Mexican fermented beverage supplies to the U.S. increased from 1.5M litres in 2019 to 108M litres in 2020. Canada (+5.6% y-o-y) and Spain (+14.3% y-o-y) also recorded positive paces of export growth.

In value terms, Mexico ($222M) constituted the largest supplier of cider, perry and mead to the U.S., comprising 43% of total imports. The second position in the ranking was occupied by Canada ($106M), with a 21% share of total imports, and it was followed by Japan, with an 11% share.

In 2020, the average fermented beverage import price amounted to $2.1 per litre, shrinking by -11% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($9.3 per litre), while the price for fermented beverages imported from the Netherlands ($0.9 per litre) was amongst the lowest. In 2020, the UK attained the most notable growth rate in terms of prices, while the prices for the other significant supplying countries experienced more modest paces of growth.

Source: IndexBox Platform

coloring matter
Archives, Global Trade Daily, Imports/Exports

European Trade in Natural Colouring Matters Peaks Near $720M

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IndexBox has just published a new report: ‘EU – Colouring Matter Of Vegetable Or Animal Origin – Market Analysis, Forecast, Size, Trends And Insights‘. Here is a summary of the report’s key findings.

Over the past decade, European exports of natural colouring matters expanded from $494M in 2010 to $720M in 2020. Spain, the Netherlands, Italy, Denmark, Germany and France represent major European exporters of natural colouring matters, accounting for 89% of the total export volume in the EU. The Netherlands, Italy, France, Germany, Spain and Denmark comprise the largest natural colouring matter importers in the EU.


 

Natural Colouring Matter Exports in the EU

In 2020, approx. 47K tonnes of colouring matters of vegetable or animal origin were exported in the EU, waning by -2.7% in 2019. The total export volume increased at an average annual rate of +3.1% from 2010 to 2020.

In value terms, colouring matter exports spiked from $651M in 2019 to $720M (IndexBox estimates) in 2020. The total export value increased at an average annual rate of +3.8% from 2010 to 2020.

The most significant shipments were recorded from Spain (12K tonnes), the Netherlands (8.8K tonnes), Italy (7.1K tonnes), Denmark (5.4K tonnes), Germany (4.5K tonnes) and France (3.7K tonnes), together reaching 89% of total export. Ireland (1.3K tonnes) and Austria (1.1K tonnes) followed a long way behind the leaders.

In value terms, the largest colouring matter supplying countries in the EU were the Netherlands ($143M), Spain ($116M) and Denmark ($113M), together comprising 52% of total exports. These countries were followed by Germany, Italy, France, Ireland and Austria, which together accounted for a further 43%.

Over the past decade, Austria (+23% per year) recorded the highest growth rate of the value of exports, while the other leaders experienced more modest paces of growth.

In 2020, the export price for colouring matters of vegetable or animal origin in the EU amounted to $15,228 per tonne, surging by 14% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Ireland, while Spain was amongst the lowest. From 2010 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the other leaders experienced more modest paces of growth.

European Largest Importers of Natural Colouring Matters

In 2020, the Netherlands (13K tonnes), distantly followed by Italy (8.3K tonnes), France (5.3K tonnes), Germany (5K tonnes), Spain (4.8K tonnes) and Denmark (3K tonnes) represented the leading importers of colouring matter of vegetable or animal origin, together achieving 79% of total imports. The following importers – Belgium (2.1K tonnes), Ireland (1.4K tonnes), Austria (1.3K tonnes) and Poland (1.3K tonnes) – together made up 12% of total imports.

In value terms, Germany ($108M), Spain ($97M) and France ($77M) constituted the countries with the highest levels of imports in 2020, with a combined 46% share of total imports. Italy, the Netherlands, Denmark, Belgium, Ireland, Poland and Austria lagged somewhat behind, together comprising a further 45%.

Source: IndexBox Platform

Archives, Global Trade Daily, Imports/Exports

Germany Expanded Lactam Imports More Than Tenfold to $6.8B in Past Decade

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

From 2010 to 2020, Germany boosted purchases abroad by thirteen times, from $0.5B to $6.8B, and became the world’s leading lactam importer in value terms. The U.S. ($3.4B) and Italy ($1.4B) followed Germany. Most lactam supplies come to the global market from Belgium ($1.7B), Japan ($303M) and China ($367M), which became the fastest-growing lactam exporter in the past decade.


 

Global Imports of Lactams from Heterocyclic Compounds

Total overseas purchases of lactams from heterocyclic compounds in the world grew from 1.1M tonnes in 2019 to 1.2M tonnes in 2020. In value terms, global lactam imports rose from $19.7 to $20.8B (IndexBox estimates).

The largest lactam importing markets worldwide were Germany ($6.8B), the U.S. ($3.4B) and Italy ($1.4B), together accounting for 56% of global imports in 2020.

Over the past decade, Germany (+30.4% per year) saw the highest growth rates of the import value, while purchases for the other global leaders experienced more modest paces of growth.

In physical terms, China (280K tonnes), Taiwan (Chinese) (209K tonnes) and Germany (195K tonnes) represented the leading importers of lactams from heterocyclic compounds in the world, committing 58% of total import. They were distantly followed by Italy (105K tonnes) and India (58K tonnes), creating a 14% share of total imports. The following importers – Switzerland (49K tonnes), South Korea (48K tonnes), Slovenia (34K tonnes), Belgium (31K tonnes), Viet Nam (27K tonnes), the U.S. (21K tonnes) and Indonesia (19K tonnes) – together made up 19% of total imports.

In 2020, the average lactam import price amounted to $17,538 per tonne, approximately mirroring the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the U.S. ($162,254 per tonne), while Taiwan (Chinese) ($1,255 per tonne) was amongst the lowest. From 2010 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

World’s Largest Suppliers of Lactams from Heterocyclic Compounds

Belgium ($1.7B) remains the largest lactam supplier worldwide, comprising 10% of global exports. The second position in the ranking was occupied by China ($367M), with a 2.2% share of global exports. It was followed by Japan ($303M), with a 1.6% share.

China emerged as the fastest-growing supplier of lactams from heterocyclic compounds over the past decade. From 2010 to 2020, exports from China expanded from $0.1B to $0.4B.

Source: IndexBox Platform