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The World’s Best Import Markets for Rice

rice market
Global Trade Daily, Imports/Exports

The World’s Best Import Markets for Rice

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Rice is one of the most widely consumed staple foods across the globe. With its versatility and affordability, it has become a crucial component of diets in many countries. Although rice production is distributed globally, there are certain nations that rely heavily on imports to meet their domestic demand. In this article, we will explore the top import markets for rice and provide key statistics and insights.

1. China

China holds the top position as the world’s largest import market for rice. In 2022, the import value of rice in China amounted to a staggering 2.7 billion USD. This significant demand is mainly due to the country’s high population and the traditional consumption of rice as a staple food. China relies on various rice-producing countries to fulfill its import needs.

2. Philippines

The Philippines is the second-largest import market for rice globally. The import value of rice in the country reached 1.3 billion USD in 2022. Rice is a vital part of Filipino cuisine, and the country’s production alone is not sufficient to meet the domestic demand. Therefore, imports play a crucial role in ensuring an adequate rice supply to the population.

3. Iran

With an import value of 1.2 billion USD, Iran holds the third position among the world’s top import markets for rice. Due to population growth and limited arable land, Iran heavily relies on imports to meet its rice consumption needs. The country imports rice from various countries, including neighboring nations and major rice exporters.

4. United States

Despite being a major agricultural producer, the United States still imports a considerable amount of rice. In 2022, the import value of rice in the US was 1.2 billion USD. Rice cultivation in the US is mainly focused in southern states, and the demand in other regions is met through imports. The US also imports specialty rice varieties to cater to diverse consumer preferences.

5. Iraq

Iraq stands as one of the prominent import markets for rice with an import value of 978.2 million USD in 2022. Rice is a staple in the Iraqi diet, and domestic production is not sufficient to meet the demand. Imports, particularly from neighboring countries and major exporters, ensure a stable rice supply to the population.

6. Kuwait

Kuwait is a country heavily reliant on rice imports. In 2022, the import value of rice in Kuwait amounted to 860.2 million USD. Rice is a popular food item in Kuwaiti cuisine, and the country imports sizable quantities to fulfill domestic consumption. The imports primarily come from countries like India, Thailand, and Pakistan.

7. Cote d’Ivoire

Cote d’Ivoire, also known as Ivory Coast, holds a significant position among the world’s import markets for rice. The import value of rice in the country reached 806.5 million USD in 2022. While Cote d’Ivoire is an agricultural producer, rice cultivation is limited, and imports bridge the gap between domestic supply and demand, especially for specific rice varieties.

8. Vietnam

Vietnam, known for its high-quality rice production, is also a major importer of the commodity. In 2022, the import value of rice in Vietnam was 689.6 million USD. Despite its robust rice cultivation industry, Vietnam imports certain rice types to cater to consumer preferences and to maintain a stable supply in the domestic market.

9. Japan

Japan, a country with a rich culinary culture, relies on rice imports to meet its consumption needs. The import value of rice in Japan was 665.5 million USD in 2022. Although Japan is an efficient rice producer, the limited arable land and changing dietary habits have led to increased imports to supplement the domestic production.

10. Benin

Benin is another significant import market for rice. In 2022, the import value of rice in Benin amounted to 665.3 million USD. The country’s domestic rice production is insufficient to meet the growing demand, and therefore, imports play a critical role in ensuring food security and maintaining stable prices.

These top import markets for rice clearly indicate the importance of trade in meeting the global demand for this essential staple food. While some countries rely on imports due to limited agricultural capabilities, others supplement their domestic production with imports to cater to specific consumer preferences. Understanding the dynamics of these import markets is crucial for both exporters and importers in the rice industry.

About IndexBox

IndexBox is a leading market intelligence platform that provides valuable insights and data on various industries, including the rice market. Their comprehensive data helps businesses make informed decisions and stay up-to-date with market trends. By utilizing IndexBox’s data, industry players can identify potential opportunities and challenges in the import and export markets. In conclusion, the top import markets for rice, such as China, the Philippines, Iran, the United States, Iraq, Kuwait, Cote d’Ivoire, Vietnam, Japan, and Benin, showcase the global reliance on imports to meet the demand for this vital food staple. These markets play a significant role in ensuring food security and sustaining the dietary needs of their populations.

Source: IndexBox Market Intelligence Platform 

import
Global Trade Daily, Imports/Exports, Market insight

 The Best Import Markets for Diode

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Diodes are essential components in various electronic devices and have a significant global market. In this article, we will explore the world’s best import markets for diodes, including key statistics and numbers. To gather this information, we refer to the IndexBox market intelligence platform, known for its comprehensive and reliable data.

1. China – Leading the Diode Import Market

With a staggering import value of $4.1 billion in 2022, China holds the top position in the global diode import market. China’s thriving manufacturing sector and its prominence in the global electronics market contribute to this impressive figure. The country’s electronics manufacturing industry heavily relies on diodes for various applications, such as power supplies, lighting, and telecommunications.

2. Hong Kong SAR – A Close Second

Hong Kong SAR closely follows China with an import value of $3.1 billion in 2022. Hong Kong has a robust electronics industry and acts as a major trading hub for electronic components in Asia. Its strategic geographic location and well-established infrastructure make it an attractive destination for diode imports.

3. Germany – A Key Market in Europe

Germany secures the third position on our list, with an import value of $1.4 billion in 2022. Germany’s strong engineering and manufacturing prowess, coupled with the demand for diodes in automotive, telecommunications, and industrial sectors, contribute to its significant import market.

4. United States – Diode Imports in North America

The United States imports diodes worth $751.3 million in 2022, making it a prominent player in the diode import market. With a thriving consumer electronics industry and a growing demand for electronic components, the United States remains a lucrative market for diode manufacturers and exporters.

5. Singapore – Growing Demand for Diodes

Singapore’s import value of diodes reaches $728.6 million in 2022, indicating a steady growth in demand for these electronic components. As a hub for technology and manufacturing in Southeast Asia, Singapore serves as an important market for diode imports. The increasing adoption of advanced technologies, such as IoT devices and smart infrastructure, further drives the demand for diodes in the country.

6. Malaysia – A Key Player in Southeast Asia

Malaysia imports diodes worth $623.1 million in 2022, establishing itself as a significant market in Southeast Asia. The country benefits from its strong electronics manufacturing base and its position as a key regional player. Diodes find application in various industries in Malaysia, including automotive, consumer electronics, and telecommunications.

7. Mexico – Growing Market in North America

Mexico’s diode imports reach $612.3 million in 2022, indicating growth in the country’s electronics and automotive sectors. The demand for diodes in Mexico is primarily driven by the manufacturing industry, where they are used in electrical equipment, control systems, and automotive components.

8. South Korea – Advanced Electronics Industry

South Korea imports diodes worth $567.5 million in 2022. The country boasts an advanced electronics industry, fueled by major players like Samsung and LG. The demand for diodes in South Korea stems from various sectors, including consumer electronics, automotive, and telecommunications.

9. Japan – Traditional Electronics Leader

Japan’s import value of diodes amounts to $561.8 million in 2022. Japan has long been recognized as a leader in the global electronics industry and holds a reputation for technological innovation. The country’s robust manufacturing sector and high usage of electronic devices contribute to its import market for diodes.

10. Philippines – Growing Demand for Electronics

The Philippines rounds off our list with an import value of $431.3 million in 2022. The country’s electronics industry has been experiencing steady growth, driven by consumer electronics, semiconductors, and telecommunications sectors. This growth propels the demand for diodes, making the Philippines a notable market for imports.

In conclusion, diodes play a crucial role in the global electronics industry, and various countries dominate the import market. China leads the way with its massive import value, followed closely by Hong Kong SAR. Germany, the United States, Singapore, and Malaysia also form significant markets. Mexico, South Korea, Japan, and the Philippines demonstrate their growing demand for diodes, reflecting their thriving electronics industries. These countries serve as key markets for diode manufacturers and exporters worldwide.

Source: IndexBox Market Intelligence Platform  

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Global Trade Daily, Imports/Exports, United states news

The Largest Import Markets for Frozen, Dried, and Smoked Fish

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Fish is an essential part of the human diet and is consumed in various forms across the globe. Among these, frozen, dried, and smoked fish are popular choices due to their longer shelf life and convenience. In this article, we will explore the top import markets for these three fish categories and delve into the key statistics and numbers that define these markets.

1. United States

The United States, with an import value of $15.6 billion in 2022, emerges as the leading market for frozen, dried, and smoked fish. This strong demand is primarily driven by the popularity of seafood in the American diet and the extensive consumption of processed fish products. The United States is known for its booming e-commerce sector, which further enhances the availability and accessibility of these fish products.

2. China

China takes the second spot on the list with an import value of $12.7 billion in 2022. The growing middle-class population in China has led to increased demand for high-quality protein sources, including fish. Additionally, changing dietary habits and an increasing focus on health have contributed to the surge in imports of frozen, dried, and smoked fish in the country.

3. Japan

Japan is renowned for its love for seafood, and its import value of $9.0 billion in 2022 solidifies its position as one of the top import markets for frozen, dried, and smoked fish. With a rich culinary tradition that heavily relies on seafood, Japanese consumers have a strong preference for these types of fish products. Moreover, the growth of the sushi and sashimi culture in Japan has further bolstered the demand for frozen and smoked fish.

4. Spain

Spain follows closely with an import value of $3.3 billion in 2022. Spaniards have a deep-rooted connection with fish in their cuisine and culture. Both fresh and processed fish products are integral parts of traditional Spanish dishes. The convenient nature of frozen, dried, and smoked fish has made them a popular choice among consumers, contributing to the significant import volumes.

5. South Korea

South Korea holds the fifth position on the list, with an import value of $3.2 billion in 2022. Korean cuisine, known for its spiciness and diverse flavors, includes various fish dishes. Importing frozen, dried, and smoked fish helps meet the demand for these traditional and contemporary Korean recipes. Additionally, the hectic urban lifestyle has increased the preference for ready-to-cook fish products, boosting their imports.

6. Germany

Germany, with its import value of $3.2 billion in 2022, demonstrates a significant market for frozen, dried, and smoked fish. Germans have a strong affinity for fish, and it is a staple in their culinary traditions. As a result, demand for processed fish products, particularly frozen and smoked fish, remains high. The convenience factor and long shelf life of these products further drive their popularity in the German market.

7. France

France ranks seventh on the list, with an import value of $2.9 billion in 2022. French cuisine is renowned worldwide for its sophistication and emphasis on fresh ingredients, including fish. However, frozen, dried, and smoked fish have gained popularity due to their availability throughout the year, even when certain fish species are out of season. This convenience factor contributes significantly to their import demand.

8. Thailand

Thailand follows with an import value of $2.8 billion in 2022. The Thai population’s penchant for seafood reflects in their cuisine, which includes a wide range of fish and shellfish dishes. However, the convenience and longer shelf life of frozen, dried, and smoked fish make them a popular choice among Thai consumers. The thriving tourism sector also contributes to the demand for these fish products.

9. Netherlands

The Netherlands holds the ninth position on the list, with an import value of $2.7 billion in 2022. With its strategic geographical location, the Netherlands serves as a major hub for fish trade within Europe. The country has a strong fishing industry, but the demand for a diverse range of fish products, including frozen, dried, and smoked fish, is met through imports. Additionally, the Netherlands acts as a key distribution center for these products across the European continent.

10. Italy

Italy completes the top ten import markets, with an import value of $2.5 billion in 2022. Italian cuisine heavily relies on seafood, and fish plays a vital role in various regional dishes. The popularity of processed fish products, such as frozen and smoked fish, stems from their versatility in Italian culinary traditions. Moreover, the convenience of these products aligns well with the busy lifestyles of Italian consumers.

In conclusion, the global demand for frozen, dried, and smoked fish is driven by changing dietary preferences, convenience, and the influence of culinary traditions worldwide. The United States leads the pack with its immense appetite for these fish products, closely followed by China and Japan. The market intelligence platform, IndexBox, provides valuable insights into these import markets and aids in understanding the key statistics that shape the global fish trade.

Source: IndexBox Market Intelligence Platform 

 

JUNE
Global Trade Daily, United states news

June 2023 Sees a 19% Surge in Imported Fabricated Metal Structures to $783M in the United States

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U.S. Fabricated Structural Metal Imports

In June 2023, approximately 234K tons of fabricated structural metal were imported into the United States; with an increase of 11% against the month before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when imports increased by 27% m-o-m.

In value terms, fabricated structural metal imports surged to $783M (IndexBox estimates) in June 2023. The total import value increased at an average monthly rate of +1.2% over the period from June 2022 to June 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain months. The growth pace was the most rapid in March 2023 with an increase of 27% m-o-m. Imports peaked in June 2023.

Imports by Country

Mexico (46K tons), China (32K tons) and Canada (27K tons) were the main suppliers of fabricated structural metal imports to the United States, with a combined 45% share of total imports. India, Turkey, South Korea and Thailand lagged somewhat behind, together accounting for a further 21%.

From June 2022 to June 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +2.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fabricated structural metal suppliers to the United States were Mexico ($166M), Canada ($140M) and China ($73M), with a combined 48% share of total imports. These countries were followed by India, South Korea, Turkey and Thailand, which together accounted for a further 13%.

Among the main suppliers, Turkey, with a CAGR of +2.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In June 2023, the fabricated structural metal price stood at $3,346 per ton (CIF, US), growing by 7% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in December 2022 an increase of 13% m-o-m. As a result, import price attained the peak level of $3,567 per ton. From January 2023 to June 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($6,372 per ton), while the price for Thailand ($1,646 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform  

chicken
Global Trade Daily

May 2023 Sees a Modest Increase in Frozen Whole Chicken Exports From the United States, Reaching $2.1M

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U.S. Frozen Whole Chicken Exports

Frozen whole chicken exports from the United States rose notably to 1.3K tons in May 2023, picking up by 6.3% against April 2023 figures. In general, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in March 2023 with an increase of 58% month-to-month.

In value terms, frozen whole chicken exports rose remarkably to $2.1M (IndexBox estimates) in May 2023. Overall, exports, however, recorded a perceptible descent. The pace of growth appeared the most rapid in August 2022 when exports increased by 64% against the previous month. As a result, the exports attained the peak of $3.3M. From September 2022 to May 2023, the growth of the exports failed to regain momentum.

Exports by Country

Cuba (608 tons) was the main destination for frozen whole chicken exports from the United States, accounting for a 48% share of total exports. Moreover, frozen whole chicken exports to Cuba exceeded the volume sent to the second major destination, Canada (207 tons), threefold. Taiwan (Chinese) (77 tons) ranked third in terms of total exports with a 6.1% share.

From May 2022 to May 2023, the average monthly growth rate of volume to Cuba totaled +31.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Canada (+22.7% per month) and Taiwan (Chinese) (+0.9% per month).

In value terms, the largest markets for frozen whole chicken exported from the United States were Cuba ($633K), Canada ($451K) and Nicaragua ($161K), with a combined 59% share of total exports.

Nicaragua, with a CAGR of +120.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In May 2023, the frozen whole chicken price stood at $1,684 per ton (FOB, US), approximately equating the previous month. Over the period under review, the export price, however, continues to indicate a modest increase. The most prominent rate of growth was recorded in June 2022 an increase of 16% m-o-m. The export price peaked at $2,249 per ton in December 2022; however, from January 2023 to May 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Bahamas ($3,386 per ton), while the average price for exports to Cuba ($1,041 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform  

Global Trade Daily, United states news

 May 2023 Sees Astonishing $922M Increase in U.S. Import of Locks and Keys

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U.S. Lock And Key Imports

In May 2023, purchases abroad of padlocks, locks and keys of base metal increased by 7.4% to 127K tons, rising for the second consecutive month after two months of decline. In general, imports, however, continue to indicate a mild curtailment. The pace of growth appeared the most rapid in April 2023 when imports increased by 11% month-to-month.

In value terms, lock and key imports rose notably to $922M (IndexBox estimates) in May 2023. Overall, imports, however, saw a relatively flat trend pattern.

Imports by Country

In May 2023, China (60K tons) constituted the largest lock and key supplier to the United States, accounting for a 48% share of total imports. Moreover, lock and key imports from China exceeded the figures recorded by the second-largest supplier, Mexico (17K tons), threefold. The third position in this ranking was held by Canada (16K tons), with a 12% share.

From May 2022 to May 2023, the average monthly growth rate of volume from China totaled -2.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+0.9% per month) and Canada (+0.8% per month).

In value terms, the largest lock and key suppliers to the United States were China ($277M), Mexico ($202M) and Canada ($113M), with a combined 64% share of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +1.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Imports by Type

In May 2023, base metal mountings, fittings and similar articles for furniture, doors, staircases, windows, trunks, chests etc, castors with mountings of base metal, automatic door closers of base metal (113K tons) constituted the largest type of lock and key supplied to the United States, accounting for a 89% share of total imports. Moreover, base metal mountings, fittings and similar articles for furniture, doors, staircases, windows, trunks, chests etc, castors with mountings of base metal, automatic door closers of base metal exceeded the figures recorded for the second-largest type, locks; (other than those for motor vehicles or furniture), (key, combination or electrically operated), of base metal (6.1K tons), more than tenfold. The third position in this ranking was taken by base metal motor vehicle locks (5.8K tons), with a 4.6% share.

From May 2022 to May 2023, the average monthly rate of growth in terms of the volume of import of base metal mountings, fittings and similar articles for furniture, doors, staircases, windows, trunks, chests etc, castors with mountings of base metal, automatic door closers of base metal totaled -1.7%. With regard to the other supplied products, the following average monthly rates of growth were recorded: locks; (other than those for motor vehicles or furniture), (key, combination or electrically operated), of base metal (-1.2% per month) and base metal motor vehicle locks (+1.8% per month).

In value terms, base metal mountings, fittings and similar articles for furniture, doors, staircases, windows, trunks, chests etc, castors with mountings of base metal, automatic door closers of base metal ($706M) constituted the largest type of lock and key supplied to the United States, comprising 77% of total imports. The second position in the ranking was taken by locks; (other than those for motor vehicles or furniture), (key, combination or electrically operated), of base metal ($110M), with a 12% share of total imports. It was followed by base metal motor vehicle locks, with a 7.5% share.

Import Prices by Country

In May 2023, the lock and key price stood at $7,285 per ton (CIF, US), rising by 1.6% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 4.1% against the previous month. Over the period under review, average import prices attained the peak figure at $7,628 per ton in March 2023; however, from April 2023 to May 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Germany ($14,906 per ton), while the price for China ($4,596 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform  

electronic
Global Trade Daily, United states news

U.S. Electronic Computer Price Drops Markedly to 643 per Unit

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U.S. Electronic Computer Import Price in April 2023

In April 2023, the electronic computer price amounted to $643 per unit (CIF, US), falling by -8.1% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 an increase of 6.2% month-to-month. Over the period under review, average import prices hit record highs at $792 per unit in December 2022; however, from January 2023 to April 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Mexico ($2,338 per unit), while the price for China ($432 per unit) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.9%), while the prices for the other major suppliers experienced a decline.

U.S. Electronic Computer Imports

In April 2023, the amount of electronic computers imported into the United States fell slightly to 9.4M units, which is down by -1.9% on the previous month’s figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2022 when imports increased by 30% month-to-month. Imports peaked at 14M units in July 2022; however, from August 2022 to April 2023, imports stood at a somewhat lower figure.

In value terms, electronic computer imports declined to $6B (IndexBox estimates) in April 2023. In general, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in June 2022 when imports increased by 34% m-o-m. As a result, imports attained the peak of $9.5B. From July 2022 to April 2023, the growth of imports remained at a somewhat lower figure.

U.S. Electronic Computer Imports by Country

In April 2023, China (7.2M units) constituted the largest supplier of electronic computer to the United States, accounting for a 77% share of total imports. Moreover, electronic computer imports from China exceeded the figures recorded by the second-largest supplier, Mexico (793K units), ninefold. The third position in this ranking was taken by Vietnam (771K units), with an 8.2% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from China totaled -1.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-3.0% per month) and Vietnam (+4.0% per month).

In value terms, China ($3.1B), Mexico ($1.9B) and Vietnam ($392M) constituted the largest electronic computer suppliers to the United States, with a combined 89% share of total imports.

Vietnam, with a CAGR of +6.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Source: IndexBox Market Intelligence Platform 

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Global Trade Daily, United states news

U.S. Fresh Chicken Cut Export Reduces Markedly to $67M in April 2023

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U.S. Fresh Chicken Cut Exports

Fresh chicken cut exports from the United States contracted notably to 50K tons in April 2023, shrinking by -15.4% compared with the month before. The total export volume increased at an average monthly rate of +1.1% over the period from April 2022 to April 2023; the trend pattern remained consistent, with only minor fluctuations in certain months. The pace of growth appeared the most rapid in August 2022 with an increase of 16% month-to-month.

In value terms, fresh chicken cut exports declined to $67M (IndexBox estimates) in April 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2022 with an increase of 18% month-to-month.

Exports by Country

Mexico (41K tons) was the main destination for fresh chicken cut exports from the United States, with a 83% share of total exports. Moreover, fresh chicken cut exports to Mexico exceeded the volume sent to the second major destination, Canada (8K tons), fivefold.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume to Mexico totaled +1.2%.

In value terms, Mexico ($42M) and Canada ($23M) appeared to be the largest markets for fresh chicken cut exported from the United States worldwide.

Mexico, with a CAGR of +0.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In April 2023, the fresh chicken cut price amounted to $1,355 per ton (FOB, US), growing by 3% against the previous month. Over the period under review, the export price, however, saw a slight setback. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 12% against the previous month. Over the period under review, the average export prices hit record highs at $1,784 per ton in July 2022; however, from August 2022 to April 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($2,929 per ton), while the average price for exports to Mexico amounted to $1,026 per ton.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-0.3%).

Source: IndexBox Market Intelligence Platform  

fitness
Global Trade Daily, United states news

U.S. Gym and Fitness Equipment Price Shrinks 5% to $2,755 per Ton

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U.S. Gym and Fitness Equipment Import Price in April 2023

In April 2023, the gym and fitness equipment price amounted to $2,755 per ton (CIF, US), shrinking by -5% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 9.3% m-o-m. As a result, import price attained the peak level of $3,482 per ton. From December 2022 to April 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($5,191 per ton), while the price for China amounted to $2,381 per ton.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.3%).

U.S. Gym and Fitness Equipment Imports

In April 2023, overseas purchases of gym and fitness equipment were finally on the rise to reach 62K tons after two months of decline. Overall, imports, however, showed a slight slump.

In value terms, gym and fitness equipment imports surged to $172M (IndexBox estimates) in April 2023. Over the period under review, imports, however, showed a perceptible decrease.

U.S. Gym and Fitness Equipment Imports by Country

In April 2023, China (53K tons) constituted the largest gym and fitness equipment supplier to the United States, accounting for a 84% share of total imports. Moreover, gym and fitness equipment imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (4.9K tons), more than tenfold.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from China stood at -1.3%.

In value terms, China ($126M) constituted the largest supplier of gym and fitness equipment to the United States, comprising 73% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($26M), with a 15% share of total imports.

From April 2022 to April 2023, the average monthly growth rate of value from China totaled -2.3%.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, Market insight

 China’s Headphone Export Falls Modestly to $356M in April 2023

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China Headphone Exports

In April 2023, approximately 148M units of headphones were exported from China; waning by -5.3% compared with March 2023 figures. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when exports increased by 94% against the previous month. The exports peaked at 171M units in September 2022; however, from October 2022 to April 2023, the exports failed to regain momentum.

In value terms, headphone exports reduced markedly to $356M (IndexBox estimates) in April 2023. Over the period under review, total exports indicated a mild increase from April 2022 to April 2023: its value increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, exports increased by +37.7% against February 2023 indices. The growth pace was the most rapid in March 2023 with an increase of 62% month-to-month. The exports peaked at 472M units in September 2022; however, from October 2022 to April 2023, the exports remained at a lower figure.

Exports by Country

India (21M units), the United States (16M units) and Malaysia (6.1M units) were the main destinations of headphone exports from China, with a combined 29% share of total exports. These countries were followed by Brazil, Mexico, Saudi Arabia, Singapore, Spain, the United Arab Emirates, the Netherlands, Thailand, Germany and Egypt, which together accounted for a further 30%.

From April 2022 to April 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +8.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($94M) remains the key foreign market for headphone exports from China, comprising 27% of total exports. The second position in the ranking was held by India ($41M), with a 12% share of total exports. It was followed by Malaysia, with a 3.8% share.

From April 2022 to April 2023, the average monthly growth rate of value to the United States stood at +1.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: India (+11.8% per month) and Malaysia (+2.9% per month).

Export Prices by Country

In April 2023, the headphone price stood at $2.4 per unit (FOB, China), falling by -10.4% against the previous month. In general, export price indicated a mild expansion from April 2022 to April 2023: its price increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, headphone export price decreased by -25.1% against February 2023 indices. The growth pace was the most rapid in February 2023 when the average export price increased by 74% m-o-m. As a result, the export price attained the peak level of $3,212 per thousand units. From March 2023 to April 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In April 2023, the country with the highest price was the United States ($5.9 per unit), while the average price for exports to Egypt ($510 per thousand units) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform