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 U.S. Copper Wire Import Shrinks Slightly to $251M in April 2023

Global Trade Daily, Market insight

 U.S. Copper Wire Import Shrinks Slightly to $251M in April 2023

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U.S. Copper Wire Imports

Copper wire imports into the United States reduced slightly to 26K tons in April 2023, falling by -2.6% on the month before. Over the period under review, total imports indicated measured growth from April 2022 to April 2023: its volume increased at an average monthly rate of +2.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, imports increased by +19.4% against February 2023 indices. The growth pace was the most rapid in October 2022 with an increase of 46% against the previous month.

In value terms, copper wire imports declined to $251M (IndexBox estimates) in April 2023. Overall, total imports indicated a modest expansion from April 2022 to April 2023: its value 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, imports increased by +91.9% against September 2022 indices. The most prominent rate of growth was recorded in October 2022 when imports increased by 40% m-o-m.

Imports by Country

In April 2023, Canada (17K tons) constituted the largest copper wire supplier to the United States, with a 66% share of total imports. Moreover, copper wire imports from Canada exceeded the figures recorded by the second-largest supplier, Uzbekistan (2.1K tons), eightfold. The United Arab Emirates (1.8K tons) ranked third in terms of total imports with a 7% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Uzbekistan (0.0% per month) and the United Arab Emirates (-2.4% per month).

In value terms, Canada ($163M) constituted the largest supplier of copper wire to the United States, comprising 65% of total imports. The second position in the ranking was held by Uzbekistan ($21M), with an 8.3% share of total imports. It was followed by the United Arab Emirates, with a 6.8% share.

From April 2022 to April 2023, the average monthly growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Uzbekistan (0.0% per month) and the United Arab Emirates (+0.0% per month).

Imports by Type

In April 2023, copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm (22K tons) constituted the largest type of copper wire supplied to the United States, accounting for a 87% share of total imports. Moreover, copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm exceeded the figures recorded for the second-largest type, copper; wire, of refined copper, of which the maximum cross-sectional dimension is 6mm or less (2.1K tons), more than tenfold. The third position in this ranking was held by copper; wire, of copper-zinc base alloys (brass) (626 tons), with a 2.4% share.

From April 2022 to April 2023, the average monthly growth rate of the volume of import of copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm totaled +3.0%. With regard to the other supplied products, the following average monthly rates of growth were recorded: copper; wire, of refined copper, of which the maximum cross-sectional dimension is 6mm or less (+0.1% per month) and copper; wire, of copper-zinc base alloys (brass) (-2.0% per month).

In value terms, copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm ($213M) constituted the largest type of copper wire supplied to the United States, comprising 85% of total imports. The second position in the ranking was taken by copper; wire, of refined copper, of which the maximum cross-sectional dimension is 6mm or less ($22M), with an 8.9% share of total imports. It was followed by copper; wire, of copper alloys (other than copper-zinc base alloys, copper-nickel base alloys or copper-nickel-zinc base alloys), with a 2.9% share.

Import Prices by Country

In April 2023, the copper wire price amounted to $9,728 per ton, therefore (CIF, US), remained relatively stable against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 5% against the previous month. The import price peaked at $10,679 per ton in May 2022; however, from June 2022 to April 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In April 2023, the countries with the highest prices were South Korea ($10,009 per ton) and Chile ($9,857 per ton), while the price for Mexico ($9,219 per ton) and the United Arab Emirates ($9,450 per ton) were amongst the lowest.

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

Source: IndexBox Market Intelligence Platform  

mackerel
Global Trade Daily, Market insight

Spain’s Preserved Mackerel Price Rises Slightly to $5,212 per Ton

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Spain Preserved Mackerel Import Price in February 2023

In February 2023, the preserved mackerel price amounted to $5,212 per ton (CIF, Spain), growing by 2.3% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 12% against the previous month. Over the period under review, average import prices hit record highs at $5,780 per ton in March 2022; however, from April 2022 to February 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Morocco ($7,610 per ton), while the price for Ecuador ($804 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Cabo Verde (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Spain Preserved Mackerel Imports

After two months of growth, purchases abroad of mackerel (prepared or preserved) decreased by -39% to 264 tons in February 2023. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in May 2022 when imports increased by 267% month-to-month.

In value terms, preserved mackerel imports reduced sharply to $1.4M (IndexBox estimates) in February 2023. Overall, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in May 2022 when imports increased by 260% m-o-m. As a result, imports attained the peak of $2.9M. From June 2022 to February 2023, the growth of imports remained at a somewhat lower figure.

Spain Preserved Mackerel Imports by Country

Portugal (102 tons), Cabo Verde (81 tons) and China (47 tons) were the main suppliers of preserved mackerel imports to Spain, with a combined 87% share of total imports. These countries were followed by France, Germany, Morocco and Ecuador, which together accounted for a further 12%.

From February 2022 to February 2023, the biggest increases were in Germany (with a CAGR of +60.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved mackerel suppliers to Spain were Cabo Verde ($603K), Portugal ($433K) and China ($140K), with a combined 85% share of total imports. France, Germany, Morocco and Ecuador lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, Germany, with a CAGR of +59.3%, 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.

Source: IndexBox Market Intelligence Platform 

gloves
Global Trade Daily, United states news

Gloves Import in United States Bottoms at $16M in March 2023

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U.S. Gloves Imports

In March 2023, gloves imports into the United States declined dramatically to 6.6M pairs, with a decrease of -18.2% against February 2023. Overall, imports showed a abrupt decrease. The growth pace was the most rapid in May 2022 when imports increased by 28% month-to-month. Over the period under review, imports hit record highs at 19M pairs in August 2022; however, from September 2022 to March 2023, imports remained at a lower figure.

In value terms, gloves imports fell to $16M (IndexBox estimates) in March 2023. In general, imports showed a deep contraction. The pace of growth was the most pronounced in August 2022 with an increase of 46% month-to-month. As a result, imports attained the peak of $62M. From September 2022 to March 2023, the growth of imports failed to regain momentum.

Imports by Country

China (2.5M pairs), Pakistan (1.9M pairs) and Vietnam (655K pairs) were the main suppliers of gloves imports to the United States, with a combined 76% share of total imports. These countries were followed by Indonesia, Bangladesh, Cambodia and the Philippines, which together accounted for a further 20%.

From March 2022 to March 2023, the biggest increases were in Bangladesh (with a CAGR of +1.6%), while purchases for the other leaders experienced a decline.

In value terms, the largest gloves suppliers to the United States were China ($4.9M), Vietnam ($3.8M) and Pakistan ($2.5M), with a combined 72% share of total imports. These countries were followed by Indonesia, Cambodia, Bangladesh and the Philippines, which together accounted for a further 21%.

Among the main suppliers, Bangladesh, with a CAGR of +0.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In March 2023, the gloves price stood at $2.4 per pair (CIF, US), increasing by 8.4% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 18% against the previous month. Over the period under review, average import prices attained the maximum at $3.3 per pair in September 2022; however, from October 2022 to March 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($5.9 per pair), while the price for Bangladesh ($691 per thousand pairs) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform 

september frozen mirrors unit copper blanket console
Global Trade Daily, Imports/Exports, United states news

 Copper Stranded Wire Export in United States Skyrocket 16% to New Record of $44M in March 2023

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 U.S. Copper Stranded Wire Exports

Copper stranded wire exports from the United States soared to 3.4K tons in March 2023, with an increase of 21% compared with the previous month’s figure. Overall, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper stranded wire exports soared to $44M (IndexBox estimates) in March 2023. The total export value increased at an average monthly rate of +1.4% over the period from March 2022 to March 2023; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in January 2023 with an increase of 20% m-o-m. Over the period under review, the exports hit record highs in March 2023.

Exports by Country

Mexico (1.8K tons) and Canada (1.3K tons) were the main destinations of copper stranded wire exports from the United States.

From March 2022 to March 2023, the biggest increases were in Mexico (with a CAGR of +2.0%).

In value terms, Mexico ($23M) and Canada ($17M) were the largest markets for copper stranded wire exported from the United States worldwide.

Among the main countries of destination, Mexico, with a CAGR of +3.2%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In March 2023, the copper stranded wire price stood at $12,995 per ton (FOB, US), reducing by -3.9% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 15% m-o-m. The export price peaked at $14,171 per ton in May 2022; however, from June 2022 to March 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In March 2023, the country with the highest price was Mexico ($12,665 per ton), while the average price for exports to Canada amounted to $12,569 per ton.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.1%).

Source: IndexBox Market Intelligence Platform  

pumpkin
Global Trade Daily, United states news

Pumpkin Price in UK Increases 4% to $1,274 per Ton

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United Kingdom Pumpkin Import Price in January 2023

In January 2023, the pumpkin price stood at $1,274 per ton (CIF, United Kingdom), increasing by 3.9% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average import price increased by 33% month-to-month. The import price peaked at $1,375 per ton in January 2022; however, from February 2022 to January 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($1,701 per ton), while the price for Greece ($635 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Portugal (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

United Kingdom Pumpkin Imports

In January 2023, approximately 8.5K tons of pumpkin (squash and gourds) were imported into the UK; jumping by 21% on the previous month. Over the period under review, imports, however, continue to indicate a mild reduction. The pace of growth was the most pronounced in September 2022 with an increase of 57% month-to-month.

In value terms, pumpkin imports surged to $11M (IndexBox estimates) in January 2023. Overall, imports, however, continue to indicate a mild setback. The pace of growth appeared the most rapid in October 2022 with an increase of 105% month-to-month.

United Kingdom Pumpkin Imports by Country

In January 2023, Spain (5.1K tons) constituted the largest pumpkin supplier to the UK, with a 60% share of total imports. Moreover, pumpkin imports from Spain exceeded the figures recorded by the second-largest supplier, Portugal (1.4K tons), fourfold. Morocco (1.1K tons) ranked third in terms of total imports with a 13% share.

From January 2022 to January 2023, the average monthly rate of growth in terms of volume from Spain stood at -1.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Portugal (+1.9% per month) and Morocco (-1.1% per month).

In value terms, Spain ($7.1M) constituted the largest supplier of pumpkin to the UK, comprising 66% of total imports. The second position in the ranking was taken by Morocco ($1.4M), with a 13% share of total imports. It was followed by Portugal, with a 9.1% share.

From January 2022 to January 2023, the average monthly growth rate of value from Spain amounted to -2.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Morocco (-1.2% per month) and Portugal (+3.3% per month).

Source: IndexBox Market Intelligence Platform 

bath
Global Trade Daily

 U.S. Imports of Bath Preparations Drop to $4.9M in February 2023

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 U.S. Bath Preparations

Imports Bath preparations imports into the United States fell to 1.3K tons in February 2023, declining by -11.5% against the previous month’s figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 with an increase of 125% month-to-month.

In value terms, bath preparations imports contracted to $4.9M (IndexBox estimates) in February 2023. Overall, imports continue to indicate a slight downturn. The pace of growth appeared the most rapid in August 2022 with an increase of 124% against the previous month.

 Imports by Country

In February 2023, China (768 tons) constituted the largest supplier of bath preparations to the United States, with a 60% share of total imports. Moreover, bath preparations imports from China exceeded the figures recorded by the second-largest supplier, Canada (147 tons), fivefold. The third position in this ranking was held by Pakistan (105 tons), with an 8.2% share.

From February 2022 to February 2023, the average monthly growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Canada (-0.8% per month) and Pakistan (+63.4% per month).

In value terms, Canada ($2.3M), China ($1.7M) and the UK ($223K) were the largest bath preparations suppliers to the United States, together accounting for 84% of total imports. These countries were followed by the Dominican Republic, Vietnam, India, Pakistan and Israel, which together accounted for a further 7.1%.

Pakistan, with a CAGR of +32.2%, 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 more modest paces of growth.

Import Prices by Country

In February 2023, the bath preparations price stood at $3,859 per ton (CIF, US), rising by 1.6% against the previous month. In general, the import price, however, showed a slight curtailment. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 39% month-to-month. Over the period under review, average import prices attained the peak figure at $6,375 per ton in December 2022; however, from January 2023 to February 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Canada ($15,486 per ton), while the price for Pakistan ($472 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Canada (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

cutting
Global Trade Daily

Import of U.S. Cutting Blades Decreases by 5% to $37M in Feb 2023

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U.S. Cutting Blade Imports

In February 2023, approximately 1.2K tons of knives and cutting blades (for machines or for mechanical appliances) were imported into the United States; dropping by -20.6% against the previous month’s figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 39% against the previous month.

In value terms, cutting blade imports declined modestly to $37M (IndexBox estimates) in February 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2022 with an increase of 32% m-o-m. As a result, imports reached the peak of $49M. From April 2022 to February 2023, the growth of imports remained at a lower figure.

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Imports by Country

China (274 tons), France (183 tons) and Japan (154 tons) were the main suppliers of cutting blade imports to the United States, together accounting for 52% of total imports. Germany, Vietnam, Taiwan (Chinese), South Korea, Mexico, Austria, Sweden, Switzerland, India and Canada lagged somewhat behind, together accounting for a further 39%.

From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +7.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($7.7M) constituted the largest supplier of cutting blade to the United States, comprising 21% of total imports. The second position in the ranking was held by China ($3.5M), with a 9.4% share of total imports. It was followed by Japan, with an 8.5% share.

From February 2022 to February 2023, the average monthly rate of growth in terms of value from Germany amounted to +1.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-3.5% per month) and Japan (-3.2% per month).

Import Prices by Country

In February 2023, the cutting blade price stood at $31,762 per ton (CIF, US), rising by 20% against the previous month. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Canada ($114K per ton), while the price for France ($6,849 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by India (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform 

september frozen mirrors unit copper blanket console
Global Trade Daily, Market insight

U.S. Frozen Whole Turkey Export Skyrockets to Over $118K in February 2023

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U.S. Frozen Whole Turkey Exports

After three months of decline, shipments abroad of frozen whole turkeys increased by 800% to 60 tons in February 2023. Overall, exports, however, recorded a abrupt decrease. In value terms, frozen whole turkey exports soared to $118K (IndexBox estimates) in February 2023. In general, exports, however, continue to indicate a drastic downturn.

Exports by Country

Mexico (44 tons) was the main destination for frozen whole turkey exports from the United States, with a 75% share of total exports. Moreover, frozen whole turkey exports to Mexico exceeded the volume sent to the second major destination, the Dominican Republic (11 tons), fourfold. Australia (1.1 tons) ranked third in terms of total exports with a 1.8% share.

From February 2022 to February 2023, the average monthly growth rate of volume to Mexico totaled -17.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Dominican Republic (+0.2% per month) and Australia (-15.1% per month).

In value terms, Mexico ($74K) emerged as the key foreign market for frozen whole turkey exports from the United States, comprising 63% of total exports. The second position in the ranking was held by the Dominican Republic ($28K), with a 24% share of total exports. It was followed by India, with a 3.4% share.

From February 2022 to February 2023, the average monthly rate of growth in terms of value to Mexico stood at -18.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Dominican Republic (-2.0% per month) and India (0.0% per month).

Export Prices by Country

In February 2023, the frozen whole turkey price amounted to $1,971 per ton (FOB, US), falling by -33% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 an increase of 41% month-to-month. Over the period under review, the average export prices reached the maximum at $3,359 per ton in November 2022; however, from December 2022 to February 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In February 2023, the country with the highest price was India ($4,167 per ton), while the average price for exports to Mexico ($1,675 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform 

cosmetics
Global Trade Daily, Market insight, United states news

US Cosmetic Exports Rise 4% to $487 Million in February 2023

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U.S. Cosmetics Exports

In February 2023, overseas shipments of cosmetics decreased by -3.3% to 14K tons, falling for the fourth month in a row after three months of growth. In general, exports, however, trend pattern. The pace of growth was the most pronounced in March 2022 when exports increased by 28% month-to-month.

In value terms, cosmetics exports expanded slightly to $487M (IndexBox estimates) in February 2023. The total export value increased at an average monthly rate of +1.2% from February 2022 to February 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in March 2022 when exports increased by 27% against the previous month.

Exports by Country

Canada (2K tons), China (1.4K tons) and the UK (1.3K tons) were the main destinations of cosmetics exports from the United States, with a combined 34% share of total exports. These countries were followed by Mexico, Australia, the United Arab Emirates, France, Singapore, the Netherlands, Belgium, South Korea, Malaysia and Switzerland, which together accounted for a further 37%.

From February 2022 to February 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +6.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cosmetics exported from the United States were Canada ($110M), China ($59M) and Australia ($37M), together comprising 42% of total exports. These countries were followed by the UK, Singapore, France, Mexico, Switzerland, South Korea, Belgium, the United Arab Emirates, the Netherlands and Malaysia, which together accounted for a further 34%.

Singapore, with a CAGR of +6.3%, 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.

Exports by Type

Beauty, make-up and skin care preparations (11K tons) was the largest type of cosmetics exported from the United States, accounting for a 83% share of total exports. Moreover, beauty, make-up and skin care preparations exceeded the volume of the second product type, manicure or pedicure preparations (680 tons), more than tenfold. Lip make-up preparations (610 tons) ranked third in terms of total exports with a 4.5% share.

From February 2022 to February 2023, the average monthly rate of growth in terms of the volume of export of beauty, make-up and skin care preparations was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: manicure or pedicure preparations (-0.3% per month) and lip make-up preparations (+3.9% per month).

In value terms, beauty, make-up and skin care preparations ($369M) remains the largest type of cosmetics exported from the United States, comprising 76% of total exports. The second position in the ranking was taken by lip make-up preparations ($38M), with a 7.8% share of total exports. It was followed by talcum powder and other powders for cosmetic use, with a 6.7% share.

From February 2022 to February 2023, the average monthly rate of growth in terms of the export volume of beauty, make-up and skin care preparations stood at +1.1%. With regard to the other exported products, the following average monthly rates of growth were recorded: lip make-up preparations (+4.5% per month) and talcum powder and other powders for cosmetic use (+2.1% per month).

Export Prices by Country

In February 2023, the cosmetics price stood at $35,779 per ton (FOB, US), surging by 8% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 16% m-o-m. As a result, the export price reached the peak level of $35,915 per ton. From January 2023 to February 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 February 2023, the country with the highest price was Switzerland ($58,624 per ton), while the average price for exports to Malaysia ($17,227 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

jam
Archives, Global Trade Daily, News

France Consumes Most of Jam, Jelly, Puree And Paste in the EU

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

In 2019, the EU market for jams, jellies, puree and pastes decreased by -4.4% to $3.9B, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a mild setback. The most prominent rate of growth was recorded in 2013 with an increase of 7.3% year-to-year. As a result, consumption reached the peak level of $4.5B. From 2014 to 2019, the growth of the market remained at a lower figure.

Consumption by Country

France (578K tonnes) remains the largest jam, jelly, puree and paste consuming country in the European Union, comprising approx. 35% of total volume. Moreover, jam, jelly, puree and paste consumption in France exceeded the figures recorded by the second-largest consumer, Germany (258K tonnes), twofold. The UK (169K tonnes) ranked third in terms of total consumption with a 10% share (IndexBox estimates).

In France, jam, jelly, puree and paste consumption expanded at an average annual rate of +1.9% over the period from 2012-2019. The remaining consuming countries recorded the following average annual rates of consumption growth: Germany (+0.8% per year) and the UK (+2.9% per year).

In value terms, France ($1.6B) led the market, alone. The second position in the ranking was occupied by Germany ($592M). It was followed by the UK.

The countries with the highest levels of jam, jelly, puree and paste per capita consumption in 2019 were France (8.80 kg per person), Austria (6.28 kg per person) and Sweden (5.23 kg per person).

Market Forecast to 2030

Due to the introduction of restrictive measures against the spread of the pandemic, the HoReCa sector suffered from temporary closings and service limitations, which significantly reduced the demand for jams, jellies, puree and pastes. Retail sales were less damaged as the demand for food (including jams, jellies, puree and pastes) at retail outlets increased as consumers started to cook more at home and buy more storable products.

Despite this factor supported the demand, the market is expected to contract somewhat by the end of 2020 against the reduced demand from the HoReCa sector. In the medium term, the market is expected to grow more moderately, with an anticipated CAGR of +0.8% for the period from 2019 to 2030, which is projected to bring the market volume to near 1.8M tonnes by the end of 2030.

Production in the EU

In 2019, production of jams, jellies, puree and pastes decreased by -1.2% to 1.7M tonnes, falling for the third consecutive year after five years of growth. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 3.3% y-o-y. The volume of production peaked at 1.8M tonnes in 2016; however, from 2017 to 2019, production remained at a lower figure. In value terms, jam, jelly, puree and paste production fell to $4.1B in 2019 estimated in export prices. In general, production, however, saw a mild downturn.

Production by Country

France (555K tonnes) remains the largest jam, jelly, puree and paste producing country in the European Union, comprising approx. 32% of total volume. In terms of production, France was followed by Germany (229K tonnes, or 13%) and Spain (146K tonnes, or 9%).

From 2012 to 2019, the average annual rate of growth in terms of volume in France amounted to +1.8%. In the other countries, the average annual rates were as follows: Germany (-0.4% per year) and Spain (+2.6% per year).

Exports in the EU

After seven years of growth, overseas shipments of jams, jellies, puree and pastes decreased by -8% to 661K tonnes in 2019. The total export volume increased at an average annual rate of +2.2% from 2012 to 2019; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 10% year-to-year. The volume of export peaked at 718K tonnes in 2018, and then dropped in the following year. In value terms, jam, jelly, puree and paste exports fell to $1.5B (IndexBox estimates) in 2019.

Exports by Country

The biggest shipments were from Italy (133K tonnes), France (98K tonnes), Belgium (84K tonnes), Germany (82K tonnes) and the Netherlands (65K tonnes), together accounting for 70% of total export. It was distantly followed by Poland (39K tonnes) and Spain (37K tonnes), together generating a 12% share of total exports.

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

In value terms, France ($392M), Italy ($226M) and Germany ($209M) were the countries with the highest levels of exports in 2019, together accounting for 54% of total exports. These countries were followed by Belgium, the Netherlands, Spain and Poland, which together accounted for a further 27%.

Poland saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the export price for jams, jellies, puree and pastes in the European Union amounted to $2,304 per tonne, standing approx. at the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 6.6% y-o-y. Over the period under review, export prices hit record highs at $2,471 per tonne in 2013; however, from 2014 to 2019, export prices failed to regain momentum.

Prices varied noticeably by the country of origin; the country with the highest price was France ($3,992 per tonne), while Poland ($1,524 per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced mixed trends in the export price figures.

Source: IndexBox AI Platform