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U.S. Injection-Moulding Machine Imports to Hit Record $1B

injection
Archives, Global Trade Daily, News

U.S. Injection-Moulding Machine Imports to Hit Record $1B

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IndexBox has just published a new report: ‘U.S. – Injection-Moulding Machines For Working Rubber Or Plastics – Market Analysis, Forecast, Size, Trends And Insights‘. Here is a summary of the report’s key findings.

The U.S. sharply boosted injection-moulding machine imports. From January to October 2021, American purchases amounted to $822M, a 43%-increase compared to the same period a year earlier. Over the 12 months of 2021, the total imports are estimated at $1B. Japan, Germany, Austria, China and Italy saw the most prominent growth of export value to the U.S.

From January through October 2021, the U.S. imported injection-moulding machines worth $822M, which was 43% more than in the same period a year earlier. Over the 12 months of 2021, the total imports are estimated to surpass a record $1B.

Japan, Germany, Austria, China and the Republic of Korea remain the leading providers injection-moulding machines to America. Except for the Netherlands, the U.K. and Hong Kong, almost all suppliers increased export values to the U.S. Compared to the same period of the previous year, purchases from Japan rose by 45% to $231M in January-October 2021. Imports from Germany grew by 21% to $164M. Austria and China expanded their supplies by 49% to $143M and 84% to $57M, respectively. Purchases from the Republic of Korea soared by 72% to $56M.

Italy and Switzerland recorded the highest spikes in exports. Supplies from Italy to the U.S. rose threefold, from $5M to $18M. Switzerland’s exports grew twofold, from $14M to $30M.

U.S. Injection-Moulding Machine Imports in 2020

Injection-moulding machine imports dropped to $717M (IndexBox estimates) in 2020. Japan ($192M), Germany ($167M) and Austria ($116M) were the largest suppliers, together comprising 66% of American purchases. Canada, South Korea, China and Thailand lagged somewhat behind, together comprising a further 27%. Among the main suppliers, South Korea (+79% y-o-y) saw the highest growth of the import value in 2020.

World’s Largest Injection-Moulding Machine Suppliers

In 2020, global injection-moulding machine exports were estimated at $5B. The largest supplying countries worldwide were China ($1.3B), Japan ($930M) and Germany ($775M), with a combined 59% share of global supplies. These countries were followed by Austria, Canada, South Korea, Italy, Hong Kong SAR, Thailand, India and Malaysia, which together accounted for a further 29%.

Source: IndexBox Platform

sausage
Archives, Global Trade Daily, News

German Sausage Exports Grow Tangibly

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IndexBox has just published a new report: ‘Germany – Sausages And Similar Products Of Meat – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In 2020, German exports of sausages and similar meat products jumped by +7.8% y-o-y to $855M. The UK, France and Denmark constitute the largest importers of sausages from Germany, with a combined 51% share of total exports. Exports to these three countries rose in value terms due to increased prices for German sausages. The average export price for sausages from Germany grew by +14% y-o-y to $5,435 per tonne in 2020.

German Sausage Exports by Country

In 2020, German exports of sausages and similar meat products expanded by +7.8% y-o-y to $855M (IndexBox estimates). In physical terms, approx. 157K tonnes were exported from Germany, which is down by -5.4% against 2019 figures.

The UK (43K tonnes), France (25K tonnes) and Denmark (12K tonnes) were the main destinations of sausage exports from Germany, with a combined 51% share of total exports. These countries were followed by the Netherlands, Belgium, Spain, Austria, Sweden, the Czech Republic, Romania, Bulgaria, Italy and Hungary, which accounted for a further 36%.

In value terms, the UK ($230M) remains the key foreign market for sausage exports from Germany, comprising 27% of total exports. The second position in the ranking was occupied by France ($114M), with a 13% share of total exports. It was followed by the Netherlands, with a 9.3% share.

In 2020, the average annual growth rate in terms of value to the UK stood at +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.2% per year) and the Netherlands (+5.3% per year).

The average sausage export price stood at $5,435 per tonne in 2020, picking up by +14% against the previous year. There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the Netherlands ($7,763 per tonne), while the average price for exports to Bulgaria ($2,426 per tonne) was amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform

sweet corn
Archives, Global Trade Daily, Imports/Exports, News

Thailand, Hungary and France Lead Canned Sweet Corn Exports

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

In 2020, global preserved sweet corn exports rose by +4.1% y-o-y to $1B. Thailand, Hungary and France head the list of the largest exporters worldwide. The average export price for preserved sweet corn remained relatively unchanged in 2020. Germany, the UK, Japan were the prime destinations for imported last year. 

Preserved Sweet Corn Exports by Country

In 2020, the amount of sweet corn prepared or preserved exported worldwide rose modestly to 799K tonnes, increasing by +3.1% against the previous year. In value terms, exports expanded by +4.1% y-o-y to $1B (IndexBox estimates) in 2020.

Thailand (213K tonnes), Hungary (193K tonnes) and France (130K tonnes) represented roughly 67% of total exports of sweet corn prepared or preserved in 2020. The U.S. (70K tonnes) occupied the next position in the ranking, followed by China (57K tonnes). All these countries together occupied near 16% share of total exports. The following exporters – Spain (25K tonnes) and Belgium (22K tonnes) – each amounted to a 5.8% share of total exports.

In value terms, Hungary ($228M), Thailand ($216M) and France ($193M) were the countries with the highest levels of exports in 2020, together accounting for 61% of global exports. France recorded the highest rates of growth regarding the value of exports.

The average export price stood at $1,307 per tonne in 2020, approximately mirroring the previous year. Prices varied noticeably by the country of origin; the country with the highest price was China ($2,244 per tonne), while Thailand ($1,013 per tonne) was amongst the lowest. In, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced more modest paces of growth.

Major Importers of Preserved Sweet Corn

In 2020, Germany (85K tonnes), the UK (75K tonnes), Japan (59K tonnes) were the largest importers of preserved sweet corn. They were followed by Russia, South Korea, Spain, Belgium, France, the U.S., Italy, Poland and the Philippines. These twelve countries accounted for 60% of the total global import.

In value terms, the largest preserved sweet corn importing markets worldwide were Germany ($117M), the UK ($107M) and Japan ($97M), with a combined 31% share of global imports. Spain, Belgium, South Korea, Russia, France, Italy, Sweden, Poland, the U.S. and the Philippines lagged somewhat behind, together accounting for a further 32%.

Source: IndexBox Platform

containers
Archives, Global Trade Daily, Ocean Ports

CONTAINER SHORTAGES EASE AT CHINESE BOX HUBS POST-CNY

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After months of crippling shortages, container availability is finally improving again in China, according to Container xChange’s Container Availability Index (CAx).

The CAx reading of incoming containers across Chinese main ports is currently up 56% compared to before the Chinese New Year (CNY) holidays which started on February 11.

At Shanghai, the biggest Chinese box port, the CAx has increased 64% for 20 ft. dry containers when comparing pre-and post-CNY container availability.

For 40 ft. dry containers, the increase is even starker, with box availability improving 112% over the same period.

Dr. Johannes Schlingmeier, CEO & Founder of the container leasing and trading platform Container xChange, commented:

“Trade traditionally slows down in China for an extended period during and after the Chinese New Year holidays as factory workers travel to visit families and output drops. Most data suggest Covid travel restrictions and high demand for exports meant that many factories continued operations. But it seems the drop off in output, even if less than normal, was enough to allow the container supply/demand imbalance to reduce.”

In the Container xChange Container Availability Index (CAx), an index reading of below 0.5 means more containers leave a port compared to the number entered. Above 0.5 means more containers are entering the port.

“One week of index values greater than 0.5 does not mean so much but exceeding the 0.5 marks for several weeks in a row like Shanghai and other main ports in China have done means that finally more containers are entering ports regularly, giving them the chance allow the container supply/demand imbalance to reduce,” said Schlingmeier.

For exporters who continue to struggle with finding the right equipment, other Chinese ports such as Qingdao, Dalian, and Ningbo are great alternatives to Shanghai.

Chart 2: Container Availability Index for 40 ft. dry-containers and 20ft. dry-containers in Dalian and Ningbo

Dalian, with the highest equipment availability of the three ports, shows the highest post-CNY index values with 0.79 for 20ft dry containers and 0.80 for 40 ft dry containers – up 17% and 27%, respectively, since the pre-CNY period.

At Qingdao, 20 ft. dry and 40 ft. post-CNY container availability readings on the CAx are 0.64 and 0.65, up from 0.42 and 0.39 during the pre-CNY period.

Container prices confirm the positive trend. After record highs for used container boxes in January of $5593 for cargo-worthy containers, prices fell to $3750 in February.

“These prices are still far higher than buyers usually pay for newly built containers, but this is still good news for companies who export from China,” said Schlingmeier.

“With so many supply chain disruptions still evident, we expect container availability in China and elsewhere to remain volatile. But thus far in 2021, there are positive signs that availability at key export hubs is improving.”

________________________________________________________________

About the Container Availability Index:

The Container Availability Index tracks millions of monthly container moves to monitor and forecast the global container equipment supply. An index of 0.5 describes a balanced market, below 0.5 a shortage of containers. For more information and weekly email updates, check out https://container-xchange.com/features/cax/

About Container xChange:

Container xChange is the world’s leading online platform used by 600+ companies to buy, sell and lease shipping containers. Container users and owners use the platform to find containers, work with vetted partners and automate the operational workload. Started by Dr. Johannes Schlingmeier and Christian Roeloffs in 2017, the company has now more than 100+ employees with headquarters in Hamburg, Germany. https://container-xchange.com/

palm oil
Archives, Global Trade Daily, News

Labour Shortages and the EU Ban: New Challenges for the Palm Oil Market

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

While Indonesia, planning to expand production, fights for the EU’s recognition of palm oil as a biofuel, Malaysia is faced with an acute shortage of labor due to the outflow of guest workers after the pandemic. Despite the challenges in these two countries, which produce 85% of the world’s palm oil, the global demand remains high. As the economies of the main importers, China and India, recover, the previous growth in demand is expected to continue.

Key Trends and Insights

In March 2021, the futures price for crude palm oil reached its highest level of 954 US$/MT in 13 years, according to the Malaysian Palm Oil Council, March 23. This is due to limited supply from manufactures as a result of the COVID-19 pandemic.

Malaysia, the world’s second-largest palm oil producer, faces severe labor shortages. Since the beginning of the pandemic, the country has stopped hiring foreign workers, and the former migrants have returned to their homeland. Malaysian suppliers have asked the government to fill a 50,000 labor shortage, which could lead to a 20% drop in palm oil production. They also ask to cut product taxes and invest additional funds in the industry.

Over the next two years, the rising demand from the world’s two largest importers, India and China, is expected to become the main driver for the palm oil market growth. These economies recover, and rapid urbanization contributes to an increase in the need for food products.

Falling production and rising prices for sunflower oil, as a result of the sunflower harvest failure last year, could further fuel demand for palm oil.

Increasing tariffs for container transportation and a planned reduction of palm oil consumption in Europe could hamper market growth. The Renewable Energy Directive (RED) II and other food safety regulations could decrease palm oil imports to the European Union and phases out the use of palm oil as biodiesel. In 2017, the European Parliament adopted a resolution that bans palm oil for biofuel production due to the large-scale deforestation and labor rights violations in Indonesia and Malaysia. Also, in 2019, the European Union imposed an import duty on Indonesian biodiesel.

Indonesia Dominates the Market and Continues to Expand Production

Global palm oil production rose remarkably to 76M tonnes in 2019, picking up 6.4% against 2018. The total output volume increased at an average annual rate of +5.4% from 2012 to 2019.

Indonesia (44M tonnes) is the world’s largest producer of palm oil, comprising approx. 57% of the global volume. Moreover, Indonesia’s palm oil production exceeded the figures recorded by the second-largest producer, Malaysia (20M tonnes), twofold. The third position in this ranking was occupied by Thailand (3M tonnes), with a 4% share (IndexBox estimates).

From 2012 to 2019, the average annual growth rate in Indonesia totaled +7.7%. The remaining producing countries recorded the following production growth rates: Malaysia (+0.8% per year) and Thailand (+7.9% per year).

Driven by increasing demand for palm oil worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.1% for the period from 2019 to 2030, projected to bring the market volume to 106M tonnes by the end of 2030.

India and China to Remain as the Top Importers

In 2019, global palm oil imports rose markedly to 50M tonnes, picking up by 7.2% on the previous year. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2019.

In value terms, palm oil imports amounted to $30.5B (IndexBox estimates).

In 2019, India (9.7M tonnes), distantly followed by China (5.5M tonnes), Pakistan (3.2M tonnes), the Netherlands (2.8M tonnes), and Spain (2.7M tonnes) represented the key importers of palm oil, together creating 47% of total imports. The U.S. (1.6M tonnes), Italy (1.5M tonnes), Bangladesh (1.5M tonnes), Egypt (1.1M tonnes), Malaysia (1.1M tonnes), Russia (1.1M tonnes), Myanmar (1M tonnes), and Kenya (0.9M tonnes) followed a long way behind the leaders.

From 2012 to 2019, the biggest increases were in Spain, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest palm oil-importing markets worldwide were India ($5.4B), China ($3.4B), and Pakistan ($1.8B), together comprising 35% of global imports.

Source: IndexBox AI Platform

taylor machine works
Archives, Global Trade Daily, Native Content

Made in Mississippi: Taylor Machine Works

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‘Made in Mississippi’ is known around the world as a stamp of quality. Some of the most sought-after and recognized products are produced in Mississippi by the state’s skilled workforce. Companies like Toyota, Northrop Grumman and Ingalls Shipbuilding are among Mississippi’s most notable employers, manufacturing some of the strongest, most reliable products for consumers in domestic and international markets. 

Many of the state’s largest exporters, however, are homegrown Mississippi companies – companies that started small, planting roots in small towns and working hard to make a name for themselves in international markets and maintain their competitive edge. These are the companies that have globalized the state’s economy and let the world know Mississippi means business. 

Taylor Machine Works, based in Louisville, Miss., is a prime example of one such company exporting to markets around the world. Taylor was started nearly a century ago as a mom-and-pop small automotive repair shop. Over the years, the company has evolved and today is one of the largest privately held manufacturers of industrial lift trucks in the U.S. In fact, Taylor is now a major progressive force in the worldwide materials handling equipment industry, with its “Big Red” line of forklifts, log stackers, container handlers and reach stackers on the job around the globe. 

“It is a great honor to design and manufacture world-class products here in Mississippi by Mississippi people and send them around the world in so many countries,” said Taylor President and COO Robert Taylor.

The Taylor Group of Companies, through Taylor International, opened its first factory-direct office in Monterrey, Mexico in 2019. In 2020, Taylor opened its second and third international factory-direct offices in Manzanillo, Mexico and Barranquilla, Colombia, respectively. The recent openings of these offices are a result of how respected and preferred Taylor-made products have become internationally. During a recent trip to Mexico, Taylor team members met with several operators of Taylor container handlers and forklifts – equipment still in use today that was manufactured in the company’s Louisville, Miss., flagship factory in the 1970s and 1980s.

While international sales and exports are not new to Taylor, the company has a renewed focus on its international efforts, including the development of a worldwide dealer network. New dealers of Taylor equipment are located in Guam, Panama, Costa Rica, Guyana and Suriname, with more planned in the near future in Latin America and the Caribbean. Taylor-made equipment also can be found in countries such as Tanzania, Papua New Guinea, Chile, Malaysia and Saudi Arabia. 

“At Taylor, we are fortunate to have a tremendous wealth of talented and hardworking people in Mississippi that help Taylor remain competitive in the global marketplace,” said Taylor Machine Works Director of Sales Hal Nowell. “Despite the impact of COVID-19 in the U.S.A. and the world, our international sales have been stronger than ever. We have also stayed committed to our international efforts by opening our second subsidiary in Mexico and our third one in Colombia, South America this year. These subsidiaries along with our new established dealers allow us to export more equipment and parts made in Mississippi to various parts of the globe.”

The Taylor Machine Works success story is echoed among countless other Mississippi companies making a name for themselves in countries throughout the world. In 2019, Mississippi exported nearly $12 billion in goods and services to 206 countries. From 2018-2019, the state’s exports increased by 2.34 percent. In addition to Taylor, companies contributing to that growth were Tupelo, Miss.-based Hyperion Technology, an engineering services company that provides technology and development support to governments and industry; and Philadelphia, Miss.-based Thomasson Lumber, a leader in the agribusiness industry that pressure-treated utility poles and quality pressure-treated piling products to consumers. 

While these companies are led by the ingenuity and innovation of their founders and employees, they are supplemented by Mississippi’s strong portfolio of advantages, which provides the right formula to ensure they find lasting and sustainable growth and success in the state.

Mississippi offers companies a well-trained, productive pipeline of workers; exceptional workforce training opportunities to ensure that as companies evolve, their employees do, as well; and research universities with strong reputations for partnering with industry to move manufacturing ideas from concept to reality. 

Additionally, Mississippi’s prime location in the Southeast U.S. and exceptional transportation network are strong advantages for the state’s exporters. Centrally located between the East and West coasts, Mississippi provides easy access to major U.S. markets, the majority of which are within a day’s drive.  

The state boasts six interstate highways, 76 airports, 30 rail systems covering 2,500 miles of track and three navigable waterways: the Mississippi River to the west, the Tennessee-Tombigbee River to the east and the Gulf of Mexico to the south. Mississippi also is home to 15 ports, including two deepwater ports on the Gulf of Mexico, which provide quick, convenient access to international markets.

The world depends on Mississippi. Mississippi delivers. To learn more, call 800.360.3323 or go to mississippi.org. 

papaya
Archives, Global Trade Daily, Imports/Exports

Papaya Market in Latin America and the Caribbean – Guatemala Emerges as the Fastest Growing Exporter

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

The revenue of the papaya market in Latin America and the Caribbean amounted to $4.1B in 2018, going up by 5.3% 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, papaya consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the market value increased by 10% y-o-y. The level of papaya consumption peaked at $4.3B in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.

Consumption By Country

The countries with the highest volumes of papaya consumption in 2018 were the Dominican Republic (1M tonnes), Brazil (1M tonnes) and Mexico (885K tonnes), together comprising 74% of total consumption.

From 2009 to 2018, the most notable rate of growth in terms of papaya consumption, amongst the main consuming countries, was attained by the Dominican Republic, while papaya consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest papaya markets in Latin America and the Caribbean were Brazil ($1.2B), the Dominican Republic ($898M) and Mexico ($511M), together accounting for 64% of the total market. Cuba, Peru, Colombia and Venezuela lagged somewhat behind, together comprising a further 28%.

Production in Latin America and the Caribbean

The papaya production totaled 4.2M tonnes in 2018, growing by 7.2% against the previous year. In general, papaya production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 7.2% year-to-year. The volume of papaya production peaked at 4.2M tonnes in 2016; afterwards, it flattened through to 2018. The general positive trend in terms of papaya output was largely conditioned by a relatively flat trend pattern of the harvested area and a relatively flat trend pattern in yield figures.

In 2018, approx. 97K ha of papayas were harvested in Latin America and the Caribbean; surging by 2.3% against the previous year. The average papaya yield totaled 43 tonne per ha in 2018, an increase of 4.8% y-oy.

Production By Country

The countries with the highest volumes of papaya production in 2018 were Brazil (1.1M tonnes), Mexico (1M tonnes) and the Dominican Republic (1M tonnes), with a combined 75% share of total production.

Exports in Latin America and the Caribbean

The exports amounted to 265K tonnes in 2018, shrinking by -2.9% against the previous year.  In value terms, papaya exports totaled $187M (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +3.3% over the period from 2009 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when exports increased by 13% year-to-year. The level of exports peaked in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

Mexico was the key exporter of papayas exported in Latin America and the Caribbean, with the volume of exports recording 155K tonnes, which was near 59% of total exports in 2018. It was distantly followed by Guatemala (59K tonnes) and Brazil (43K tonnes), together constituting a 38% share of total exports.

From 2009 to 2018, average annual rates of growth with regard to papaya exports from Mexico stood at +1.6%. At the same time, Guatemala (+53.8%) and Brazil (+5.0%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter in Latin America and the Caribbean, with a CAGR of +53.8% from 2009-2018.

Guatemala (+22 p.p.), Mexico (+7.6 p.p.) and Brazil (+5.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($90M), Brazil ($50M) and Guatemala ($37M) were the countries with the highest levels of exports in 2018, with a combined 95% share of total exports.

Guatemala experienced the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The papaya export price in Latin America and the Caribbean stood at $706 per tonne in 2018, picking up by 14% 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 Brazil ($1,175 per tonne), while Mexico ($579 per tonne) was amongst the lowest.

From 2009 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced a decline in the export price figures.

Source: IndexBox AI Platform

rye
Archives, Global Trade Daily, Imports/Exports

U.S. Rye Production Dropped for a Third Consecutive Year in 2018

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

The U.S. rye market rose by 16% to reach  $362M in 2018. Over the last decade, rye consumption continues to indicate a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 29% against the previous year. Rye consumption peaked at $364M in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.

Market Forecast

Driven by increasing demand for rye in the U.S., the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.4% for the period from 2018 to 2030, which is projected to bring the market volume to 728K tonnes by the end of 2030.

U.S. Production

Rye production in the U.S. totaled 214K tonnes in 2018, going down by -17.8% against the previous year. Based on 2018 figures, rye production decreased by -26.7% against 2015 indices. The pace of growth was the most pronounced in 2015 when production volume increased by 60% against the previous year. In that year, rye production attained its peak volume of 292K tonnes. From 2016 to 2018, rye production growth failed to regain its momentum.

Harvested Area and Yield

In 2018, the rye harvested area in the U.S. stood at 110K ha, lowering by -9% against the previous year. The average yield of rye totaled 1.9 tonne per ha, shrinking by -9.6% against the previous year. From 2007 to 2018, the yield figure increased at an average annual rate of +1.9% over the period .

Exports from the U.S.

Rye exports from the U.S. amounted to 3.6K tonnes in 2018, lowering by -13% against the previous year.

In value terms, rye exports amounted to $3.6M (IndexBox estimates) in 2018. Over the period under review, rye exports reached their peak figure at $6.6M in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

South Korea (583 tonnes), Japan (392 tonnes) and Canada (135 tonnes) were the main destinations of rye exports from the U.S., with a combined 31% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Japan, while exports for the other leaders experienced a decline.

Export Prices by Country

In 2018, the average rye export price amounted to $993 per tonne, growing by 16% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($4,780 per tonne), while the average price for exports to the U.S. ($993 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 Canada, while the prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

In 2018, the amount of rye imported into the U.S. amounted to 279K tonnes, jumping by 53% against the previous year. In value terms, rye imports stood at $68M (IndexBox estimates) in 2018.

Imports by Country

Canada (162K tonnes), Germany (85K tonnes) and Sweden (23K tonnes) were the main suppliers of rye imports to the U.S., together comprising 97% of total imports. These countries were followed by Denmark, which accounted for a further 2.7%.

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

In value terms, Canada ($43M) constituted the largest supplier of rye to the U.S., comprising 14% of total rye imports. The second position in the ranking was occupied by Germany ($18M), with a 5.8% share of total imports. It was followed by Sweden, with a 1.3% share.

From 2007 to 2018, the average annual growth rate of value from Canada amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.2% per year) and Sweden (+14.2% per year).

Import Prices by Country

In 2018, the average rye import price amounted to $242 per tonne, shrinking by -2.5% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Denmark ($317 per tonne), while the price for Sweden ($172 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox AI Platform

tomatoes
Archives, Foreign Trade Zones, Global Trade Daily

Turkey Emerges as the Largest Producer of Tomatoes in the Middle East

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

The revenue of the tomato market in the Middle East amounted to $18.6B in 2018, declining by -8.5% 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).

The market value increased at an average annual rate of +1.6% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 25% against the previous year. In that year, the tomato market attained its peak level of $20.3B, and then declined slightly in the following year.

Consumption by Country

The countries with the highest volumes of tomato consumption in 2018 were Turkey (12M tonnes), Iran (6.5M tonnes) and Syrian Arab Republic (658K tonnes), together accounting for 86% of total consumption. Jordan, Saudi Arabia, Israel and Iraq lagged somewhat behind, together comprising a further 7.9%.

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

In value terms, the largest tomato markets in the Middle East were Turkey ($10.5B), Iran ($5.3B) and Israel ($559M), with a combined 88% share of the total market. These countries were followed by Iraq, Jordan, Syrian Arab Republic and Saudi Arabia, which together accounted for a further 6.4%.

The countries with the highest levels of tomato per capita consumption in 2018 were Turkey (144 kg per person), Iran (79 kg per person) and Jordan (57 kg per person).

Market Forecast to 2030

Driven by increasing demand for tomatoes in the Middle East, 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 +1.6% for the period from 2018 to 2030, which is projected to bring the market volume to 27M tonnes by the end of 2030.

Production in the Middle East

The tomato production stood at 22.2M tonnes in 2018, remaining constant against the previous year. In general, tomato production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 when production volume increased by 5.3% year-to-year.

In value terms, tomato production stood at $19.8B in 2018 estimated in export prices. The total output value increased at an average annual rate of +1.6% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2017 with an increase of 36% y-o-y. In that year, tomato production attained its peak level of $21.5B, and then declined slightly in the following year.

Production by Country

The countries with the highest volumes of tomato production in 2018 were Turkey (12M tonnes) and Iran (6.6M tonnes), with a combined 84% share of total production.

Harvested Area in the Middle East

In 2018, approx. 415K ha of tomatoes were harvested in the Middle East; standing approx. at the previous year. Over the period under review, the tomato harvested area continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2008 with an increase of 4% y-o-y. In that year, the tomato harvested area reached its peak level of 493K ha. From 2009 to 2018, the growth of the tomato harvested area remained at a lower figure.

Yield in the Middle East

In 2018, the average yield of tomatoes in the Middle East stood at 53 tonne per ha, stabilizing at the previous year. The yield figure increased at an average annual rate of +2.1% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 with an increase of 7.2% year-to-year. The level of tomato yield peaked in 2018 and is likely to continue its growth in the near future.

Exports in the Middle East

In 2018, the exports of tomatoes in the Middle East stood at 782K tonnes, rising by 14% against the previous year. In value terms, tomato exports amounted to $618M (IndexBox estimates) in 2018.

Exports by Country

Turkey (379K tonnes) and Jordan (258K tonnes) represented roughly 81% of total exports of tomatoes in 2018. It was distantly followed by Iran (84K tonnes), committing an 11% share of total exports. Syrian Arab Republic (32K tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Iran, while exports for the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($339M) remains the largest tomato supplier in the Middle East, comprising 55% of total tomato exports. The second position in the ranking was occupied by Jordan ($168M), with a 27% share of total exports. It was followed by Iran, with a 12% share.

In Turkey, tomato exports increased at an average annual rate of +1.2% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Jordan (-0.4% per year) and Iran (+33.5% per year).

Export Prices by Country

The tomato export price in the Middle East stood at $791 per tonne in 2018, leveling off at 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 Iran ($913 per tonne), while Syrian Arab Republic ($463 per tonne) was amongst the lowest.

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

Imports in the Middle East

In 2018, the tomato imports in the Middle East totaled 602K tonnes, jumping by 6.9% against the previous year. In value terms, tomato imports amounted to $366M (IndexBox estimates) in 2018.

Imports by Country

Saudi Arabia (155K tonnes) and the United Arab Emirates (143K tonnes) represented roughly 50% of total imports of tomatoes in 2018. Kuwait (68K tonnes) took the next position in the ranking, followed by Iraq (67K tonnes), Qatar (49K tonnes), Oman (32K tonnes), Israel (31K tonnes) and Bahrain (31K tonnes). All these countries together accounted for a 46% share 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 Israel, while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($98M), the United Arab Emirates ($86M) and Kuwait ($49M) constituted the countries with the highest levels of imports in 2018, together accounting for 64% of total imports. Qatar, Iraq, Israel, Oman and Bahrain lagged somewhat behind, together accounting for a further 32%.

In terms of the main importing countries, Oman recorded the highest rates of growth with regard to the value of imports, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The tomato import price in the Middle East stood at $608 per tonne in 2018, reducing by -13.2% against the previous year.

Prices varied noticeably by the country of destination; the country with the highest price was Israel ($725 per tonne), while Iraq ($369 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the United Arab Emirates.

Source: IndexBox AI Platform

quinoa
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Rising Demand in the U.S., Canada, and Europe Drives Global Quinoa Exports

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

The global quinoa market revenue amounted to $410M in 2018, rising by 5.1% 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, quinoa consumption continues to indicate strong growth.

Consumption By Country

The countries with the highest volumes of quinoa consumption in 2018 were Bolivia (40K tonnes), Peru (34K tonnes) and the U.S. (29K tonnes), with a combined 71% share of global consumption.

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

In value terms, the largest quinoa markets worldwide were Bolivia ($114M), Peru ($91M) and the U.S. ($84M), together accounting for 70% of the global market.

In 2018, the highest levels of quinoa per capita consumption was registered in Bolivia (3,578 kg per 1000 persons), followed by Peru (1,057 kg per 1000 persons), Canada (285 kg per 1000 persons) and Australia (109 kg per 1000 persons), while the world average per capita consumption of quinoa was estimated at 19 kg per 1000 persons.

Production 2007-2018

In 2018, the amount of quinoa produced worldwide totaled 167K tonnes, jumping by 9.3% against the previous year. In general, quinoa production continues to indicate a resilient increase. The general positive trend in terms of quinoa output was largely conditioned by prominent growth of the harvested area and a relatively flat trend pattern in yield figures.

Production By Country

The countries with the highest volumes of quinoa production in 2018 were Peru (86K tonnes), Bolivia (73K tonnes) and Ecuador (3K tonnes), with a combined 97% share of global production.

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

Harvested Area 2007-2018

In 2018, approx. 188K ha of quinoa were harvested worldwide; growing by 8.6% against the previous year. Over the period under review, the quinoa harvested area continues to indicate a resilient increase.

Yield 2007-2018

Global average quinoa yield amounted to 888 kg per ha in 2018, approximately reflecting the previous year. In general, the quinoa yield continues to indicate a relatively flat trend pattern.

Exports 2007-2018

In 2018, approx. 105K tonnes of quinoa were exported worldwide; rising by 8.9% against the previous year. Overall, quinoa exports continue to indicate strong growth. Over the period under review, global quinoa exports attained their peak figure in 2018 and are expected to retain its growth in the immediate term. In value terms, quinoa exports totaled $273M (IndexBox estimates) in 2018.

Exports by Country

Peru was the largest exporter of quinoa exported in the world, with the volume of exports recording 52K tonnes, which was approx. 49% of total exports in 2018. It was distantly followed by Bolivia (33K tonnes) and the Netherlands (6.7K tonnes), together generating a 38% share of total exports. The U.S. (4,434 tonnes), Ecuador (2,250 tonnes), Italy (1,869 tonnes) and France (1,848 tonnes) took a little 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 Italy, while exports for the other global leaders experienced more modest paces of growth.

In value terms, Peru ($126M), Bolivia ($81M) and the Netherlands ($23M) were the countries with the highest levels of exports in 2018, together comprising 84% of global exports. These countries were followed by the U.S., France, Italy and Ecuador, which together accounted for a further 12%.

Export Prices by Country

In 2018, the average quinoa export price amounted to $2,611 per tonne, declining by -4.4% against the previous year. Over the period under review, the quinoa export price continues to indicate a measured contraction. The growth pace was the most rapid in 2013 an increase of 39% y-o-y.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was France ($3,748 per tonne), while Ecuador ($1,898 per tonne) was amongst the lowest.

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

Imports 2007-2018

Global imports totaled 83K tonnes in 2018, picking up by 10% against the previous year. Overall, quinoa imports continue to indicate a remarkable increase. In value terms, quinoa imports amounted to $211M (IndexBox estimates) in 2018.

Imports by Country

The U.S. represented the major importer of quinoa imported in the world, with the volume of imports finishing at 34K tonnes, which was approx. 40% of total imports in 2018. Canada (10,559 tonnes) ranks second in terms of the total imports with a 13% share, followed by France (11%), the Netherlands (5.6%), Italy (5.4%) and the UK (4.9%). Australia (2,736 tonnes), Israel (1,963 tonnes), Brazil (1,799 tonnes), Chile (1,645 tonnes) and Austria (1,270 tonnes) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +16.2% from 2007 to 2018. At the same time, Italy (+23.6%), the Netherlands (+19.5%), Australia (+17.3%), the UK (+16.7%), Austria (+16.5%), France (+16.3%), Canada (+16.0%), Israel (+15.0%) and Brazil (+13.0%) displayed positive paces of growth.

In value terms, the U.S. ($87M) constitutes the largest market for imported quinoa worldwide, comprising 41% of global imports. The second position in the ranking was occupied by Canada ($29M), with a 14% share of global imports. It was followed by France, with a 10% share.

Import Prices by Country

In 2018, the average import price amounted to $2,533 per tonne, falling by -2.2% against the previous year. Over the period under review, the quinoa import price continues to indicate a noticeable descent.

Prices varied noticeably by the country of destination; the country with the highest price was Austria ($3,385 per tonne), while Italy ($1,656 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform