Frozen Fruit and Nut Market in the EU Grew Slightly to $2.4B

January 17th, 2020 IndexBox Leave a comment

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

The revenue of the frozen fruit and nuts market in the European Union amounted to $2.4B in 2018, growing by 1.5% 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 +1.5% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the frozen fruit and nuts market attained its maximum level in 2018 and is likely to see steady growth in the near future.

Consumption By Country

The country with the largest volume of frozen fruit and nuts consumption was Germany (369K tonnes), comprising approx. 25% of total volume. Moreover, frozen fruit and nuts consumption in Germany exceeded the figures recorded by the second-largest consumer, France (184K tonnes), twofold. The third position in this ranking was occupied by Italy (149K tonnes), with a 10% share.

In Germany, frozen fruit and nuts consumption expanded at an average annual rate of +2.2% over the period from 2007-2018. The remaining consuming countries recorded the following average annual rates of consumption growth: France (+1.8% per year) and Italy (-5.0% per year).

In value terms, Germany ($632M), France ($389M) and Italy ($272M) constituted the countries with the highest levels of market value in 2018, with a combined 54% share of the total market. These countries were followed by Poland, the UK, Belgium, the Netherlands, Sweden, Austria, Spain, Hungary and Romania, which together accounted for a further 37%.

The countries with the highest levels of frozen fruit and nuts per capita consumption in 2018 were Belgium (6,286 kg per 1000 persons), Austria (5,257 kg per 1000 persons) and Germany (4,509 kg per 1000 persons).

Market Forecast 2019-2025 in the EU

Driven by increasing demand for frozen fruit and nuts in the European Union, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.2% for the period from 2018 to 2025, which is projected to bring the market volume to 1.6M tonnes by the end of 2025.

Production in the EU

In 2018, approx. 951K tonnes of frozen fruit and nuts were produced in the European Union; shrinking by -5.9% against the previous year. Overall, frozen fruit and nuts production continues to indicate a relatively flat trend pattern. Over the period under review, frozen fruit and nuts production attained its maximum volume at 1.1M tonnes in 2016; however, from 2017 to 2018, production stood at a somewhat lower figure.

Production By Country

Poland (351K tonnes) remains the largest frozen fruit and nuts producing country in the European Union, comprising approx. 37% of total volume. It was followed by Spain (127K tonnes) and Italy (122K tonnes), with the combined share of 26%.

From 2007 to 2018, the average annual rate of growth in terms of volume in Poland stood at +1.5%. The remaining producing countries recorded the following average annual rates of production growth: Spain (-1.2% per year) and Italy (-5.8% per year).

Exports in the EU

In 2018, the exports of frozen fruit and nuts in the European Union stood at 885K tonnes, rising by 2.6% against the previous year. The total export volume increased at an average annual rate of +2.3% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. In value terms, frozen fruit and nuts exports totaled $1.7B (IndexBox estimates) in 2018.

Exports by Country

Poland represented the key exporter of frozen fruit and nuts exported in the European Union, with the volume of exports recording 349K tonnes, which was near 39% of total exports in 2018. The Netherlands (117K tonnes) held a 13% share (based on tonnes) of total exports, which put it in second place, followed by Belgium (9.3%), Spain (5.9%) and Germany (5.8%). Italy (34K tonnes), Greece (32K tonnes), France (18K tonnes), Bulgaria (17K tonnes), Austria (17K tonnes), Portugal (15K tonnes) and Lithuania (15K tonnes) occupied a little share of total exports.

From 2007 to 2018, average annual rates of growth with regard to frozen fruit and nuts exports from Poland stood at +2.2%. At the same time, Portugal (+10.7%), France (+7.4%), Bulgaria (+5.0%), the Netherlands (+4.3%), Germany (+3.5%), Italy (+3.3%), Lithuania (+2.0%), Spain (+1.7%) and Greece (+1.4%) displayed positive paces of growth.

Moreover, Portugal emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +10.7% from 2007-2018. Belgium experienced a relatively flat trend pattern. By contrast, Austria (-3.6%) illustrated a downward trend over the same period.

In value terms, Poland ($563M) remains the largest frozen fruit and nuts supplier in the European Union, comprising 33% of total frozen fruit and nuts exports. The second position in the ranking was occupied by the Netherlands ($229M), with a 13% share of total exports. It was followed by Belgium, with a 11% share.

Export Prices by Country

In 2018, the frozen fruit and nuts export price in the European Union amounted to $1,931 per tonne, surging by 5.8% against the previous year. Overall, the frozen fruit and nuts export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of 27% year-to-year. The level of export price peaked at $2,304 per tonne in 2008; however, from 2009 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Lithuania ($3,052 per tonne), while Greece ($1,450 per tonne) was amongst the lowest.

Imports in the EU

In 2018, approx. 1.4M tonnes of frozen fruit and nuts were imported in the European Union; surging by 2.5% against the previous year. The total import volume increased at an average annual rate of +2.8% over the period from 2007 to 2018. The volume of imports peaked in 2018 and is expected to retain its growth in the near future. In value terms, frozen fruit and nuts imports amounted to $2.6B (IndexBox estimates) in 2018.

Imports by Country

Germany represented the largest importer of frozen fruit and nuts imported in the European Union, with the volume of imports finishing at 396K tonnes, which was approx. 28% of total imports in 2018. It was distantly followed by France (183K tonnes), the Netherlands (154K tonnes), Belgium (136K tonnes), Poland (93K tonnes), the UK (89K tonnes) and Austria (63K tonnes), together committing a 52% share of total imports.

In value terms, the largest frozen fruit and nuts importing markets in the European Union were Germany ($671M), France ($386M) and the Netherlands ($257M), together comprising 50% of total imports. Belgium, the UK, Poland and Austria lagged somewhat behind, together accounting for a further 28%.

Import Prices by Country

In 2018, the frozen fruit and nuts import price in the European Union amounted to $1,903 per tonne, jumping by 5.4% against the previous year. Overall, the frozen fruit and nuts import price continues to indicate a relatively flat trend pattern.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in the UK ($2,256 per tonne) and France ($2,102 per tonne), while the Netherlands ($1,664 per tonne) and Germany ($1,696 per tonne) were amongst the lowest.

Source: IndexBox AI Platform

Archives, Global Trade Daily, Imports/Exports

Global Wine Market 2019 – Spain Retains Leadership in Exports Amid Buoyant Market Growth

December 31st, 2019 IndexBox Leave a comment

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

The global wine market revenue amounted to $130.3B in 2018, going down by -3.3% 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). The market value increased at an average annual rate of +1.4% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010, when the market value increased by 11% y-o-y. Global wine consumption peaked at $134.7B in 2017, and then declined slightly in the following year.

Production 2007-2018

Global wine production totaled 32B litres in 2018, surging by 2.3% against the previous year. The total output volume increased at an average annual rate of +1.4% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed in certain years.

Exports 2007-2018

In 2018, the global exports of wine totaled 11B litres, going down by -4.5% against the previous year. The total export volume increased at an average annual rate of +2.1% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations in certain years. In value terms, wine exports amounted to $35.5B (IndexBox estimates) in 2018.

Exports by Country

In 2018, Italy (2B litres), France (1.9B litres) and Spain (1.7B litres) represented the main exporters of wine in the world, achieving 52% of total export. Australia (815M litres) held a 7.7% share (based on tonnes) of total exports, which put it in second place, followed by Chile (6.2%). South Africa (442M litres), Germany (383M litres), the U.S. (351M litres), New Zealand (319M litres), Portugal (303M litres), Argentina (271M litres) and China (244M litres) occupied a relatively small 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 China, while the other global leaders experienced more modest paces of growth.

In value terms, the largest wine markets worldwide were France ($11B), Italy ($7.3B) and Spain ($3.2B), with a combined 61% share of global exports. Australia, Chile, the U.S., New Zealand, Germany, Portugal, Argentina, South Africa and China lagged somewhat behind, together comprising a further 30%.

Export Prices by Country

In 2018, the average wine export price amounted to $3,332 per thousand litres, rising by 7.8% against the previous year. Overall, the wine export price continues to indicate a relatively flat trend pattern. There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was France ($5,740 per thousand litres), while China ($1,464 per thousand litres) was amongst the lowest.

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

Imports 2007-2018

In 2018, approx. 9.4B litres of wine were imported worldwide; going down by -20.1% against the previous year. The total import volume increased at an average annual rate of +1.2% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. In value terms, wine imports amounted to $33.7B (IndexBox estimates) in 2018.

Imports by Country

The countries with the highest levels of wine imports in 2018 were the UK (1.3B litres), the U.S. (1.2B litres), Germany (1B litres) and China (681M litres), together amounting to 44% of total import. Canada (409M litres), the Netherlands (382M litres), Belgium (327M litres), China, Hong Kong SAR (300M litres), Japan (290M litres), Russia (278M litres), France (244M litres) and Sweden (209M litres) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, Hong Kong SAR, while the other global leaders experienced more modest paces of growth.

In value terms, the largest wine importing markets worldwide were the U.S. ($5.4B), the UK ($4B) and Germany ($2.7B), together accounting for 36% of global imports. These countries were followed by China, Canada, Japan, China, Hong Kong SAR, the Netherlands, Belgium, France, Russia and Sweden, which together accounted for a further 36%.

Import Prices by Country

In 2018, the average wine import price amounted to $3,589 per thousand litres, rising by 18% against the previous year. Over the period under review, the wine import price continues to indicate a relatively flat trend pattern. There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was Japan ($5,777 per thousand litres), while Russia ($2,497 per thousand litres) was amongst the lowest.

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

Source: IndexBox AI Platform

Archives, Global Trade Daily, News

Italy’s Exports of Bovine Leather into China Continues to Decline

November 15th, 2019 IndexBox Leave a comment

IndexBox has just published a new report: ‘Italy – Leather Of Bovine And Equine Animals – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The revenue of the bovine and equine leather market in Italy amounted to $1.8B in 2018, therefore, remained relatively stable 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). In general, bovine and equine leather consumption continues to indicate a mild descent. The most prominent rate of growth was recorded in 2013 with an increase of 43% against the previous year. Bovine and equine leather consumption peaked at $2.4B in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Production in Italy

In 2018, the amount of leather of bovine and equine animals produced in Italy totaled 428K tonnes, falling by -7.4% against the previous year. Over the period under review, bovine and equine leather production continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. Bovine and equine leather production peaked at 522K tonnes in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

In value terms, bovine and equine leather production amounted to $1.7B in 2018 estimated in export prices. Over the period under review, bovine and equine leather production continues to indicate a slight deduction. The growth pace was the most rapid in 2013 when production volume increased by 44% year-to-year. Bovine and equine leather production peaked at $1.9B in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Exports from Italy

In 2018, the amount of leather of bovine and equine animals exported from Italy amounted to 283K tonnes, waning by -2.7% against the previous year. Overall, bovine and equine leather exports continue to indicate a significant deduction. The most prominent rate of growth was recorded in 2010 when exports increased by 13% year-to-year. Exports peaked at 410K tonnes in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, bovine and equine leather exports stood at $3.5B (IndexBox estimates) in 2018. In general, bovine and equine leather exports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2010 with an increase of 19% year-to-year. Exports peaked at $4.2B in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China (92K tonnes) was the main destination for bovine and equine leather exports from Italy, accounting for a 32% share of total exports. Moreover, bovine and equine leather exports to China exceeded the volume sent to the second major destination, Viet Nam (36K tonnes), threefold. Spain (18K tonnes) ranked third in terms of total exports with a 6.2% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to China amounted to -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (+15.7% per year) and Spain (-3.0% per year).

In value terms, the largest markets for bovine and equine leather exported from Italy were Romania ($284M), China, Hong Kong SAR ($265M) and the U.S. ($247M), with a combined 23% share of total exports. These countries were followed by Viet Nam, China, Spain, Poland, France, Germany, Portugal, India and Austria, which together accounted for a further 41%.

In terms of the main countries of destination, Viet Nam experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bovine and equine leather export price stood at $12,383 per tonne in 2018, growing by 5% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2012 an increase of 21% year-to-year. The export price peaked at $14,278 per tonne in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($33,326 per tonne), while the average price for exports to China ($2,238 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 Romania, while the prices for the other major destinations experienced more modest paces of growth.

Imports into Italy

In 2018, approx. 318K tonnes of leather of bovine and equine animals were imported into Italy; remaining constant against the previous year. Over the period under review, bovine and equine leather imports continue to indicate a temperate decrease. The pace of growth was the most pronounced in 2010 when imports increased by 19% y-o-y. Over the period under review, bovine and equine leather imports attained their maximum at 441K tonnes in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, bovine and equine leather imports amounted to $1.7B (IndexBox estimates) in 2018. Over the period under review, bovine and equine leather imports continue to indicate a moderate reduction. The most prominent rate of growth was recorded in 2010 with an increase of 50% y-o-y. Imports peaked at $2.4B in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Brazil (90K tonnes) constituted the largest bovine and equine leather supplier to Italy, with a 28% share of total imports. Moreover, bovine and equine leather imports from Brazil exceeded the figures recorded by the second-largest supplier, the U.S. (38K tonnes), twofold. Paraguay (20K tonnes) ranked third in terms of total imports with a 6.2% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Brazil stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+0.4% per year) and Paraguay (+15.7% per year).

In value terms, Brazil ($319M), the U.S. ($209M) and Russia ($130M) constituted the largest bovine and equine leather suppliers to Italy, with a combined 40% share of total imports. These countries were followed by New Zealand, the UK, Paraguay, Ukraine, South Africa, Australia, Kenya, Bolivia and Venezuela, which together accounted for a further 18%.

Paraguay experienced the highest growth rate of imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bovine and equine leather import price stood at $5,216 per tonne in 2018, declining by -1.8% against the previous year. In general, the bovine and equine leather import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 an increase of 27% against the previous year. The import price peaked at $5,755 per tonne in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Russia ($10,205 per tonne), while the price for Venezuela ($1,538 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

Archives, EU Trade, Global Trade Daily

Italian Silk Yarn Industry Suffers from a Steady Decline in Production and Exports

October 23rd, 2019 IndexBox Leave a comment

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

The revenue of the silk yarn market in Italy amounted to $131M in 2018, going down by -2.5% 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). In general, silk yarn consumption continues to indicate a deep slump.

Production in Italy

In 2018, the production of silk yarn in Italy amounted to 1.2K tonnes, dropping by -10.3% against the previous year. Over the period under review, silk yarn production continues to indicate a sharp decline.

In value terms, silk yarn production amounted to $95M in 2018 estimated in export prices. Over the period under review, silk yarn production attained its maximum level at $162M in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

Exports from Italy

In 2018, approx. 286 tonnes of silk yarn were exported from Italy; remaining constant against the previous year. In general, silk yarn exports continue to indicate a drastic descent. The pace of growth was the most pronounced in 2016 when exports increased by 20% against the previous year. In that year, silk yarn exports reached their peak of 433 tonnes. From 2017 to 2018, the growth of silk yarn exports failed to regain its momentum.

In value terms, silk yarn exports stood at $26M (IndexBox estimates) in 2018. Overall, silk yarn exports continue to indicate a temperate reduction. The pace of growth was the most pronounced in 2018 with an increase of 17% against the previous year. Over the period under review, silk yarn exports attained their maximum at $30M in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

Romania (74 tonnes), France (70 tonnes) and the UK (57 tonnes) were the main destinations of silk yarn exports from Italy, together comprising 70% of total exports. These countries were followed by Austria, Tunisia, Turkey, Germany, China, Hong Kong SAR, China and Spain, which together accounted for a further 20%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Tunisia (+65.7% per year), while the other leaders experienced more modest paces of growth.

In value terms, France ($6.5M), the UK ($6.4M) and Romania ($6.1M) constituted the largest markets for silk yarn exported from Italy worldwide, together accounting for 75% of total exports. These countries were followed by Austria, China, Turkey, China, Hong Kong SAR, Germany, Spain and Tunisia, which together accounted for a further 18%.

In terms of the main countries of destination, China experienced the highest rates of growth with regard to exports, over the last five-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silk yarn export price stood at $89,031 per tonne in 2018, rising by 17% against the previous year. Overall, the export price indicated a slight increase from 2013 to 2018: its price increased at an average annual rate of +1.9% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, silk yarn export price increased by +66.3% against 2016 indices. The growth pace was the most rapid in 2017 when the average export price increased by 42% year-to-year. Over the period under review, the average export prices for silk yarn reached their peak figure in 2018 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was China ($162,663 per tonne), while the average price for exports to Tunisia ($9,745 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Imports into Italy

In 2018, the amount of silk yarn imported into Italy stood at 1.4K tonnes, going down by -8% against the previous year. Overall, silk yarn imports continue to indicate a deep deduction. The pace of growth appeared the most rapid in 2017 when imports increased by 3.8% against the previous year.

In value terms, silk yarn imports totaled $105M (IndexBox estimates) in 2018. The most prominent rate of growth was recorded in 2017 when imports increased by 12% against the previous year. Over the period under review, silk yarn imports reached their maximum at $119M in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Romania (920 tonnes) constituted the largest silk yarn supplier to Italy, accounting for a 67% share of total imports. Moreover, silk yarn imports from Romania exceeded the figures recorded by the second-largest supplier, China (156 tonnes), sixfold. Germany (143 tonnes) ranked third in terms of total imports with a 10% share.

From 2013 to 2018, the average annual growth rate of volume from Romania totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.8% per year) and Germany (-6.1% per year).

In value terms, Romania ($67M) constituted the largest supplier of silk yarn to Italy, comprising 64% of total silk yarn imports. The second position in the ranking was occupied by Germany ($13M), with a 12% share of total imports. It was followed by China, with a 12% share.

From 2013 to 2018, the average annual growth rate of value from Romania stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.9% per year) and China (-12.4% per year).

Import Prices by Country

The average silk yarn import price stood at $76,268 per tonne in 2018, growing by 16% against the previous year. Over the period from 2013 to 2018, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 16% year-to-year. In that year, the average import prices for silk yarn reached their peak level and is likely to continue its growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2018, the highest prices were recorded for prices from Bulgaria ($90,298 per tonne) and Germany ($87,683 per tonne), while the price for Romania ($72,452 per tonne) and China ($80,190 per tonne) were amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Viet Nam, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Archives, Global Trade Daily, International Trade

Italy’s Exports of Composition Leather Declined for the Fourth Consecutive Year

October 22nd, 2019 IndexBox Leave a comment

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

The revenue of the composition leather market in Italy amounted to $17M in 2018, reducing by -2.8% 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, composition leather consumption continues to indicate a deep drop.

Production in Italy

In 2018, approx. 9.8K tonnes of composition leather were produced in Italy; reducing by -5.9% against the previous year. In general, composition leather production continues to indicate an abrupt setback. The growth pace was the most rapid in 2011 when production volume increased by 3.4% year-to-year. Over the period under review, composition leather production attained its peak figure volume at 16K tonnes in 2007; however, from 2008 to 2018, production remained at a lower figure.

In value terms, composition leather production totaled $11M in 2018 estimated in export prices. Overall, composition leather production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2011 with an increase of 99% against the previous year. In that year, composition leather production reached its peak level of $96M. From 2012 to 2018, composition leather production growth remained at a somewhat lower figure.

Exports from Italy

In 2018, the exports of composition leather from Italy totaled 6.9K tonnes, falling by -7.2% against the previous year. Over the period under review, composition leather exports continue to indicate a measured decline. The growth pace was the most rapid in 2010 with an increase of 43% y-o-y. Exports peaked at 10K tonnes in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, composition leather exports totaled $21M (IndexBox estimates) in 2018. In general, composition leather exports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2011 when exports increased by 31% year-to-year. In that year, composition leather exports reached their peak of $34M. From 2012 to 2018, the growth of composition leather exports remained at a somewhat lower figure.

Exports by Country

China, Hong Kong SAR (1.6K tonnes) was the main destination for composition leather exports from Italy, accounting for a 23% share of total exports. Moreover, composition leather exports to China, Hong Kong SAR exceeded the volume sent to the second major destination, China (673 tonnes), twofold. Portugal (500 tonnes) ranked third in terms of total exports with a 7.2% share.

From 2007 to 2018, the average annual growth rate of volume to China, Hong Kong SAR amounted to -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+4.2% per year) and Portugal (+1.9% per year).

In value terms, Cambodia ($3.6M), China ($2.4M) and China, Hong Kong SAR ($2.4M) appeared to be the largest markets for composition leather exported from Italy worldwide, together comprising 41% of total exports.

Cambodia experienced the highest rates of growth with regard to exports, among the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average composition leather export price stood at $2,972 per tonne in 2018, rising by 3.8% against the previous year. Overall, the composition leather export price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2008 when the average export price increased by 11% against the previous year. In that year, the average export prices for composition leather attained their peak level of $3,767 per tonne. From 2009 to 2018, the growth in terms of the average export prices for composition leather failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Cambodia ($12,765 per tonne), while the average price for exports to Poland ($885 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 Cambodia, while the prices for the other major destinations experienced more modest paces of growth.

Imports into Italy

Composition leather imports into Italy stood at 3.4K tonnes in 2018, stabilizing at the previous year. Overall, composition leather imports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2010 with an increase of 54% against the previous year. Over the period under review, composition leather imports attained their maximum at 5.1K tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, composition leather imports amounted to $12M (IndexBox estimates) in 2018. Over the period under review, composition leather imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when imports increased by 46% y-o-y. Over the period under review, composition leather imports attained their maximum at $12M in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Germany (2.3K tonnes) constituted the largest supplier of composition leather to Italy, accounting for a 67% share of total imports. Moreover, composition leather imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (499 tonnes), fivefold. China (261 tonnes) ranked third in terms of total imports with a 7.6% share.

From 2007 to 2018, the average annual growth rate of volume from Germany stood at -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (-8.0% per year) and China (+42.8% per year).

In value terms, Germany ($7.6M) constituted the largest supplier of composition leather to Italy, comprising 63% of total composition leather imports. The second position in the ranking was occupied by the UK ($1M), with a 8.3% share of total imports. It was followed by Slovenia, with a 8.1% share.

From 2007 to 2018, the average annual growth rate of value from Germany stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+10.9% per year) and Slovenia (-4.3% per year).

Import Prices by Country

In 2018, the average composition leather import price amounted to $3,545 per tonne, increasing by 11% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2011 when the average import price increased by 17% y-o-y. Over the period under review, the average import prices for composition leather attained their maximum in 2018 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($8,990 per tonne), while the price for Slovenia ($1,985 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

Archives, Global Trade Daily, Imports/Exports

Vinegar Market in the EU – Germany Emerges As The Largest Importer, Italy Lags Behind Slightly

August 13th, 2019 IndexBox Leave a comment

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

The revenue of the vinegar market in the European Union amounted to $1B in 2018, surging by 5.8% 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). In general, vinegar consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, with an increase of 12% year-to-year. In that year, the vinegar market attained its peak level of $1.1B. From 2012 to 2018, the growth of the vinegar market remained at a somewhat lower figure.