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Spain, France and Italy Comprise Over a Half of $4.6B European Frozen Crustacean Imports

Frozen Crustaceans
Archives, Global Trade Daily, News

Spain, France and Italy Comprise Over a Half of $4.6B European Frozen Crustacean Imports

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

The pandemic-related restrictions insignificantly affected the EU trade of frozen crustaceans. In 2020, imports in the EU countries decreased by -6% y-o-y to $4.6B due to supply chain disruptions and limitations of the HoReCa segment. Spain, France and Italy remain the largest importers of frozen crustaceans in the EU, with a combined share of over 50% of the total value. Germany, Netherlands and France increased their imports in 2020, while most other importers experienced slight declines in supplies. 

Frozen Crustaceans Imports in the EU

In 2020, frozen crustaceans imports in the European Union reduced to 601K tonnes, which is down by -2.7% on the year before. In value terms, frozen crustaceans imports dropped to $4.6B in 2020 (IndexBox estimates).

The countries with the highest levels of frozen crustaceans imports in 2020 were Spain (163K tonnes), France (112K tonnes) and Italy (80K tonnes), together amounting to 59% of total import. The Netherlands (53K tonnes) ranks next in terms of total imports with an 8.8% share, followed by Denmark (8.8%) and Germany (6.8%). Belgium (25K tonnes) held a relatively small share of total imports.

In 2020, Germany (+10.7% y-o-y), Netherlands (+6.6% y-o-y) and France (+5.2% y-o-y) increased their imports, while in most other countries they experienced a negative dynamic.

Over the period from 2012 to 2020, the biggest increases were in the Netherlands, while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Spain ($1.1B), France ($907M) and Italy ($578M) were the countries with the highest levels of imports in 2020, together accounting for 57% of total imports. The Netherlands, Germany, Denmark and Belgium lagged somewhat behind, together comprising a further 31%.

The frozen crustaceans import price in the European Union stood at $7,653 per tonne in 2020, falling by -2.6% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +1.0%.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Germany ($9,845 per tonne), while Denmark ($5,919 per tonne) was amongst the lowest.

Source: IndexBox Platform

honey
Archives, Global Trade Daily, Imports/Exports

The EU Honey Market Slipped Back Slightly to $1.4B

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

In 2019, after two years of growth, there was significant decline in the EU honey market, when its value decreased by -6.1% to $1.4B. The market value increased at an average annual rate of +3.8% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of 17% y-o-y. Over the period under review, the market attained the peak level at $1.5B in 2018, and then declined in the following year.

Consumption by Country

The countries with the highest volumes of honey consumption in 2019 were Germany (69K tonnes), France (52K tonnes) and the UK (45K tonnes), with a combined 38% share of total consumption. These countries were followed by Spain, Poland, Italy, Greece, Romania, the Netherlands, Portugal, the Czech Republic and Croatia, which together accounted for a further 47%.

From 2007 to 2019, the biggest increases were in Croatia, while honey consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest honey markets in the European Union were Germany ($214M), France ($184M) and Greece ($133M), with a combined 37% share of the total market. These countries were followed by the UK, Italy, Spain, Romania, Poland, the Netherlands, the Czech Republic, Croatia and Portugal, which together accounted for a further 45%.

The countries with the highest levels of honey per capita consumption in 2019 were Croatia (2.59 kg per person), Greece (2.47 kg per person) and Romania (1.13 kg per person).

Market Forecast 2019-2030

Driven by increasing demand for honey in the European Union, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.8% for the period from 2019 to 2030, which is projected to bring the market volume to 533K tonnes by the end of 2030.

Production in the EU

For the third year in a row, the European Union recorded growth in production of honey, which increased by 3.1% to 257K tonnes in 2019. The total output volume increased at an average annual rate of +1.8% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 22% year-to-year. The volume of production peaked in 2019 and is expected to retain growth in the near future.

In value terms, honey production shrank to $1.1B in 2019 estimated in export prices. The total output value increased at an average annual rate of +3.9% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

Production by Country

The countries with the highest volumes of honey production in 2019 were Spain (37K tonnes), Romania (31K tonnes) and Hungary (29K tonnes), with a combined 38% share of total production. These countries were followed by Poland, Greece, Germany, France, Bulgaria, Portugal, Croatia, Italy and the Czech Republic, which together accounted for a further 52%.

From 2007 to 2019, the most notable rate of growth in terms of honey production, amongst the main producing countries, was attained by Croatia, while honey production for the other leaders experienced more modest paces of growth.

Exports in the EU

Honey exports expanded to 165K tonnes in 2019, surging by 2.5% on 2018. Total exports indicated a measured increase from 2007 to 2019: its volume increased at an average annual rate of +4.1% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -4.7% against 2017 indices. The pace of growth was the most pronounced in 2013 when exports increased by 20% against the previous year. The volume of export peaked at 173K tonnes in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

In value terms, honey exports shrank to $693M (IndexBox estimates) in 2019. Total exports indicated prominent growth from 2007 to 2019: its value increased at an average annual rate of +4.1% over the last twelve-year period.

Exports by Country

In 2019, Germany (26K tonnes), Spain (22K tonnes), Hungary (21K tonnes), Belgium (18K tonnes), Poland (17K tonnes), Bulgaria (12K tonnes) and Romania (11K tonnes) was the largest exporter of honey in the European Union, achieving 78% of total export. Portugal (6.5K tonnes), Italy (5K tonnes), France (4.9K tonnes), the UK (3.7K tonnes) and Denmark (3.3K tonnes) followed a long way behind the leaders.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest honey supplying countries in the European Union were Germany ($138M), Spain ($89M) and Hungary ($85M), together comprising 45% of total exports. These countries were followed by Belgium, Bulgaria, Romania, Poland, France, the UK, Italy, Denmark and Portugal, which together accounted for a further 46%.

Export Prices by Country

In 2019, the honey export price in the European Union amounted to $4,192 per tonne, with a decrease of -7.8% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2008 when the export price increased by 17% year-to-year. The level of export peaked at $4,844 per tonne in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($7,966 per tonne), while Portugal ($1,918 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2019, after two years of growth, there was decline in purchases abroad of honey, when their volume decreased by -1.2% to 345K tonnes. Total imports indicated notable growth from 2007 to 2019: its volume increased at an average annual rate of +3.8% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 13% year-to-year. The volume of import peaked at 349K tonnes in 2018, and then shrank in the following year.

In value terms, honey imports contracted to $994M (IndexBox estimates) in 2019. Total imports indicated a strong expansion from 2007 to 2019: its value increased at an average annual rate of +3.8% over the last twelve years.

Imports by Country

In 2019, Germany (75K tonnes), distantly followed by the UK (49K tonnes), France (39K tonnes), Poland (30K tonnes), Spain (27K tonnes), Belgium (25K tonnes), Italy (25K tonnes) and the Netherlands (17K tonnes) were the largest importers of honey, together achieving 83% of total imports.

From 2007 to 2019, the biggest increases were in Poland, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest honey importing markets in the European Union were Germany ($228M), France ($138M) and the UK ($111M), with a combined 48% share of total imports. These countries were followed by Italy, the Netherlands, Belgium, Poland and Spain, which together accounted for a further 33%.

Import Prices by Country

The honey import price in the European Union stood at $2,879 per tonne in 2019, which is down by -9.3% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2008 an increase of 27% year-to-year. The level of import peaked at $3,633 per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($4,051 per tonne), while Poland ($2,084 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

sheepskin
Archives, Global Trade Daily, News

China’s Sheepskin and Lambskin Market Is Estimated at $1.9B

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

The revenue of the sheepskin and lambskin market in China amounted to $1.9B in 2018, standing approx. at 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).

Production in China

In 2018, the sheepskin and lambskin production in China totaled 544K tonnes, flattening at the previous year. The total output volume increased at an average annual rate of +3.0% from 2013 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 2016 with an increase of 4.6% year-to-year. Over the period under review, sheepskin and lambskin production reached its maximum volume in 2018 and is expected to retain its growth in the near future.

Producing Animals in China

The number of animals slaughtered for sheepskin and lambskin production in China stood at 142M heads in 2018, remaining stable against the previous year. This number increased at an average annual rate of +1.8% from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2014 when the number of producing animals increased by 4.6% against the previous year. Over the period under review, this number attained its maximum level at 144M heads in 2016; however, from 2017 to 2018, producing animals failed to regain its momentum.

Yield in China

Average yield of sheep or lamb skins (without wool) in China totaled 3,842 kg per 1000 heads in 2018, standing approx. at the previous year. The yield figure increased at an average annual rate of +1.2% over the period from 2013 to 2018. Sheepskin and lambskin yield peaked in 2018 and is expected to retain its growth in the near future.

Imports into China

In 2018, approx. 311K tonnes of sheep or lamb skins (without wool) were imported into China; jumping by 2.2% against the previous year. Over the period under review, sheepskin and lambskin imports attained their peak figure at 313K tonnes in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, sheepskin and lambskin imports totaled $406M (IndexBox estimates) in 2018.

Imports by Country

In 2018, Australia (147K tonnes) constituted the largest supplier of sheepskin and lambskin to China, accounting for a 47% share of total imports. Moreover, sheepskin and lambskin imports from Australia exceeded the figures recorded by the second-largest supplier, New Zealand (51K tonnes), threefold. The third position in this ranking was occupied by the UK (45K tonnes), with a 15% share.

From 2013 to 2018, the average annual growth rate of volume from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+6.1% per year) and the UK (-4.5% per year).

In value terms, Australia ($238M) constituted the largest supplier of sheepskin and lambskin to China, comprising 59% of total sheepskin and lambskin imports. The second position in the ranking was occupied by New Zealand ($45M), with a 11% share of total imports. It was followed by the UK, with a 8.7% share.

From 2013 to 2018, the average annual rate of growth in terms of value from Australia totaled -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-17.4% per year) and the UK (-22.5% per year).

Import Prices by Country

The average sheepskin and lambskin import price stood at $1,305 per tonne in 2018, jumping by 1.9% against the previous year. Over the period under review, the sheepskin and lambskin import price, however, continues to indicate a deep shrinkage. The growth pace was the most rapid in 2017 when the average import price increased by 5% against the previous year. Over the period under review, the average import prices for sheep or lamb skins (without wool) attained their peak figure at $2,230 per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($1,613 per tonne), while the price for the UK ($781 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

polycarboxylic acid
Archives, Global Trade Daily, Imports/Exports

Global Polycarboxylic Acid Market Rose 3.5% to $42.8B

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

The global polycarboxylic acid market revenue amounted to $42.8B in 2018, rising by 3.5% 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, the global polycarboxylic acid consumption peaked at $45.5B in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Global Polycarboxylic Acid Trade 2014-2018

In 2018, the global polycarboxylic acid exports amounted to 13M tonnes, surging by 9.1% against the previous year. The total export volume increased at an average annual rate of +1.1% from 2014 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 9.1% y-o-y. In that year, global polycarboxylic acid exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, polycarboxylic acid exports totaled $15B (IndexBox estimates) in 2018. Over the period under review, global polycarboxylic acid exports reached their peak figure at $16.1B in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, South Korea (2.9M tonnes), distantly followed by China (1.5M tonnes), Taiwan (1.4M tonnes), Thailand (1M tonnes), Belgium (1M tonnes) and Mexico (0.7M tonnes) represented the key exporters of polycarboxylic acids, together making up 66% of total exports. The following exporters – Canada (494K tonnes), the Netherlands (493K tonnes), Poland (381K tonnes), India (361K tonnes), Spain (351K tonnes) and Germany (312K tonnes) – accounted for 19% of world exports.

From 2014 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid supplying countries worldwide were South Korea ($3B), China ($2.1B) and Taiwan, Chinese ($1.4B), with a combined 43% share of global exports. These countries were followed by Belgium, Thailand, the Netherlands, Mexico, Canada, Germany, Spain, India and Poland, which together accounted for a further 35%.

Export Prices by Country

In 2018, the average polycarboxylic acid export price amounted to $1,165 per tonne, surging by 2.4% against the previous year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($1,443 per tonne), while Mexico ($761 per tonne) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other global leaders experienced a decline in the export price figures.

Source: IndexBox AI Platform