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North America’s Wholesale Voice Carrier Market Size to Surpass US$8 Billion by 2026

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Archives, Global Trade Daily, News

North America’s Wholesale Voice Carrier Market Size to Surpass US$8 Billion by 2026

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According to a recent study from market research firm Graphical Research, the North America wholesale voice carrier market size is set to register significant growth during the forecast timeframe. One of the major reasons for this is the rapid commercialization of 5G technology. This technology is being adopted at a high rate by several enterprises to leverage different wholesale voice services.

The investments made towards 5G network solutions are increasing today because of the possibility it offers to service providers to diversify their portfolio and help them grow their market share. There are several mobile operators today that are upping their investments in futuristic 5G networks to help them cater to the increasing demand for high-quality connectivity among consumers while increasing the range of their mobile data services for customers.

The growing need among service providers to opt for cost-effective wholesale voice carriers will boost the demand for voice termination services in North America. In fact, this segment held an overall share of more than 70% in the regional wholesale voice carrier market during 2019. Voice termination services are gaining tremendous momentum over traditional voice and data solutions because of the increase in demand for high-quality voice calling among consumers.

On the basis of transmission, the market share from leased network services in North America will grow at a steady rate of more than 10% CAGR through 2026. There is a sudden spike in the percentage of service providers opting for leased network infrastructure. They prefer leasing a part of the overall infrastructure so that they can set up their voice carrier facilities in emerging markets. As the telecom industry is growing, the number of service providers opting for leasing the network infrastructure from Tier-1 operators has increased as well. This helps the Tier-2 and Tier-3 network providers lower the overall network ownership cost.

VoIP (Voice over Internet Protocol) services adoption will grow at a substantial rate, capturing over 40% of wholesale voice carrier market share in North America in 2019 alone. A major reason for this is the several benefits of these services for customers across the region. They reduce the overall cost of long-distance domestic calls and the cost of international calls is lower as well. The quality of phone calls made with the help of VoIP is greater as compared to the ones made using Public Switched Telephone Network (PSTN).

Canada’s wholesale voice carrier market will expand at a greater rate during the forecast period of 2020-2026 because of the strength in demand for voice carrier services in the country. The nation is even coming up with different mechanisms to reduce the number of fraudulent calls taking place over networks, thereby providing strong protection against scammers. The demand for 5G technology services has increased by many folds in the country. The local telecom service providers are getting into partnerships with other firms to provide these high-speed services to their customers.

In February 2020, Huawei and Telus Corporation announced a partnership to launch 5G network services in Canada. This collaboration was implemented by following all the governmental protocols laid for network services and the enterprises across the country are now benefiting with the availability of high-speed internet connection.

Some of the leading companies providing wholesale voice carrier services in North America are CenturyLink Inc., BT Group PLC, Alepo, AT&T Inc., NTT Corporation, TATA Communications Ltd. among many others.

Source: https://www.graphicalresearch.com/industry-insights/1864/north-america-wholesale-voice-carrier-market

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Archives, Global Trade Daily, International Trade, News

The Consequences of ESG Risk Exposure

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Last week, news emerged linking an electronics company to the transport and employment of labor in Xinjiang, an autonomous region in northwest China with documented occurrences of widespread human rights violations. This is the latest in a series of reports and white papers investigating supply chain connections to this region and the forced labor on its inhabitants. These reports not only expose the atrocities and human suffering in the region but also reveal significant supply chain risks that may not even be on an organization’s radar. With more than half of companies lacking supply chain visibility across their extended ecosystem, organizations are at a growing risk of both environmental, social, and governance (ESG) reputational risks, as well as regulatory risks as governments across the globe ban supply chain exposure to these human rights violations.

Nth-tier Supply Chain Risks

Lacking visibility across the supply chain leaves companies susceptible to blind spots and risks of which they may not be aware. For instance, inspired by this news, we identified almost one hundred companies with direct relationships to the company highlighted in their article, a number that significantly expands when looking beyond the first-tier. Thanks to the hyper-specialization and opacity of supply chains, many companies may not be aware that they risk potential exposure to human rights violations in Xinjiang.

Below is a breakdown, by industry, of companies with direct connections to Universal Electronics Inc. (UEI). While the software industry intuitively comprises a quarter of the companies, other industries such as machinery, media, or entertainment may initially assume minimal exposure. At a time when every company is a tech company, few companies are immune to these kinds of connections.

Global Focus

These recent revelations build on a growing governmental emphasis on prohibiting forced labor from supply chains. In July, the United States government issued a joint advisory pertaining to the heightened risks for businesses with supply chain and investment links to Xinjiang. Released by the U.S. Department of State, U.S Department of Treasury, U.S Department of Commerce, the Office of the U.S. Trade Representative, and the U.S. Department of Labor, the “Xinjiang Supply Chain Business Advisory” highlighted the range of risks to which companies may be exposed when conducting business in that region. As the advisory notes, these include exposure to regulatory risks, surveillance, and human rights abuses.

This advisory reflects the growing focus on ESG supply chain risks as well as the regulatory risks related to the inclusion of prohibited and restricted companies within a supply chain. In the U.S. the Department of Commerce continues to expand various restrictions lists due to human rights violations, banning solar panels companies to numerous tech companies for their connection.

In the European Union, the Global Human Rights Sanctions Regime introduced restrictive measures of entities connected to human rights violations. This is part of a broader emphasis across the ESG spectrum, including the Sustainable Finance Disclosure Regulation as well as mandatory due diligence for human rights, environmental, and governance issues.

Further, as ESG concerns spread worldwide, so does the country coverage for impacted companies. Below is a map denoting the geolocations for the companies which are supplied by Universal Electronics. It is worth noting that, while the US and the EU have issued restrictions and guidelines in this regard, nearly 50% of UEI’s consumers are located in these regions.

Gaining Visibility Across Supply Chain Risks

The Joint Advisory notes, “Given the severity and extent of these abuses, businesses and individuals that do not exit supply chains, ventures, and/or investments connected to Xinjiang could run a high risk of violating U.S. law.” Based on both market forces as well as regulatory shifts, it is increasingly essential to maintain visibility across your extended supply chain and proactively eliminate potential exposure to ESG reputational and regulatory risks.

While we quickly identified almost one hundred companies with potential ESG exposure, we only referenced direct suppliers. By looking at the second, third, fourth tier, and beyond, these numbers exponentially grow and illustrate the complex web and risks that extend throughout supply chain ecosystems.

The complexity of these networks and the growing consequences for failing to address ESG risk in the supply chain highlights the clear need for organizations to reexamine how they identify and monitor their extended business relationships.

To learn more about extended supply chain risk and the consequences of ESG risk exposure, visit interos.ai.

_____________________________________________________________

Andrea Little Limbago is the Vice President of Research and Analysis at Interos  

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Archives, Global Trade Daily, News, Software

BIS Imposes New Export Restrictions on Software for Biological Equipment

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On October 5, 2021, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) published a final rule in the Federal Register that places new controls on software and technology that can potentially be used for manufacturing biological weapons. The rule comes after a decision in May 2021 by the forty-three (43) participant countries in the Australia Group (“AG”) to update the AG Common Control List to include biological equipment, technology and software that could be used to manufacture biological weapons. The AG is an international organization made up of countries dedicated to the eradication of chemical and biological weapons.

BIS is implementing this rule by amending the Commerce Control List to add a new Export Control Classification Number (“ECCN”) 2D352. This new ECCN only applies to software that is (1) designed for nucleic acid assemblers and synthesizers described on the Common Control List; and (2) capable of designing and building functional genetic elements from digital sequence data. Specifically, ECCN 2D352 “applies to software that is designed for nucleic acid assemblers and synthesizers capable of designing and building functional genetic elements from digital sequence data.” Software controlled under the new ECCN 2D352 requires a license for chemical and biological weapons (“CB”) and anti-terrorism (“AT”) reasons when exported, reexported or transferred (in-country) to the destination countries identified in CB Column 2 and AT Column 1.

Additionally, the final rule amends ECCN 2E001 to include export controls on the “technology” for the development of software controlled by the new ECCN 2D352. Technology classified under ECCN 2E001 is controlled for CB and AT reasons and requires a license for export, re-export or transfer (in-country) to the destination countries identified in CB Column 2 and AT Column 1.

During the comment period, certain interested parties expressed concern that the definition is too broad and that controls for these types of software should be implemented multilaterally. BIS rebuffed these comments explaining that the new ECCN 2D352 only applies to software that is designed for nucleic acid assemblers and synthesizers and that controls for this software are multilateral since they are being implemented by all Australia Group member states. These new licensing requirements will likely apply to labs, life science companies, universities and research institutions engaged in research that involves such software and related development technology.

_______________________________________________________________________

Cortney O’Toole Morgan is a Washington D.C.-based partner with the law firm Husch Blackwell LLP. She leads the firm’s International Trade & Supply Chain group.

Grant Leach is an Omaha-based partner with the law firm Husch Blackwell LLP focusing on international trade, export controls, trade sanctions and anti-corruption compliance.

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Archives, Global Trade Daily, News

Poland’s Cigarette Exports Skyrocket to Record $4B

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

Poland is the world’s largest supplier of cigarettes, accounting for 18% of global exports. In 2020, Poland’s cigarette supplies jumped by +14% y-o-y to $4B, reaching the highest level ever. In physical terms, Poland increased cigarette exports twofold in the past decade. In value terms, supplies abroad soared threefold since 2010. Germany remains the largest importer of cigarettes from Poland. German purchases spiked from $0.9B in 2019 to 1.4B in 2020. The average cigarette export price grew by +3.5% y-o-y to $20,824 per tonne in 2020. 

Poland’s Cigarette Exports by Country

Poland remains the world’s largest supplier of cigarettes, accounting for 18% of global export volume. Cigarette exports from Poland amounted to 192K tonnes in 2020, rising by +10% against 2019. In value terms, cigarette exports expanded by +14.3% y-o-y to $4B (IndexBox estimates) in 2020.

Germany (55K tonnes) was the main destination for cigarette exports from Poland, with a 29% share of total exports. Moreover, cigarette exports to Germany exceeded the volume sent to the second major destination, the UK (20K tonnes), threefold. The Netherlands occupied the third position in this ranking (17K tonnes), with a 9% share.

In value terms, Germany ($1.4B) remains the key foreign market for cigarette exports from Poland, comprising 34% of total exports. The second position in the ranking was occupied by Italy ($395M), with a 9.9% share of total exports. It was followed by the Netherlands, with an 8.6% share.

In 2020, the average annual growth rate in terms of value supplied to Germany stood at +46.2%. Exports to the other major destinations recorded the following average annual growth rates: Italy (-3.1% per year) and the Netherlands (-26.8% per year).

The average cigarette export price stood at $20,824 per tonne in 2020, picking up by +3.5% against the previous year. There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Belgium ($34,439 per tonne), while the average price for exports to France ($11,472 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform

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Archives, Global Trade Daily, Imports/Exports

Global Wheat Gluten Production Reduces Slightly but Exports Remain Robust

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

In 2020, global wheat gluten production reduced by -2.4% y-o-y to 1.1M tonnes. France, China and Belgium lead in world gluten manufacturing, with a combined 50%-share of its total volume. Global wheat gluten exports grew by +6% y-o-y to 928K tonnes in 2020. In value terms, world exports saw a drop, as the average wheat gluten export price decreased in the past year. Germany, Belgium and France were the largest gluten exporters in 2020. The UK and Poland recorded the highest export growth rates last year. Norway, Belgium, France and the Netherlands emerged as the countries with the highest per capita consumption figures. 

Global Wheat Gluten Production

In 2020, global wheat gluten production shrank slightly to 1.1M tonnes, falling by -2.4% on the year before. In value terms, wheat gluten production declined to $1.6B in 2020, estimated at export prices.

The countries with the highest volumes of wheat gluten production in 2020 were France (242K tonnes), China (159K tonnes) and Belgium (158K tonnes), together comprising 50% of global production. These countries were followed by Germany, Australia, Russia, Lithuania, the UK, Poland, Italy and Austria, which together accounted for a further 48%.

Wheat Gluten Exports by Country

Global wheat gluten exports amounted to 928K tonnes in 2020, increasing by 6% against the previous year. In value terms, wheat gluten exports dropped from $1.4B in 2019 to $1.3B (IndexBox estimates) in 2020.

In 2020, Belgium (135K tonnes), Germany (132K tonnes), France (125K tonnes), Australia (110K tonnes) and China (88K tonnes) were the major wheat gluten exporters in the world, together comprising 64% of total export. Poland (58K tonnes) occupied the next position in the ranking, followed by Russia (52K tonnes), Lithuania (50K tonnes), the UK (47K tonnes) and the Netherlands (43K tonnes). All these countries together took near 27% share of total exports.

In value terms, Germany ($211M), Belgium ($178M) and France ($170M) featured the highest levels of exports in 2020, together comprising 42% of global exports. These countries were followed by Australia, China, Poland, Lithuania, Russia, the UK and the Netherlands, which together accounted for a further 47%.

The UK (+88% y-o-y) and Poland (+33% y-o-y) saw the highest gluten export spikes in value terms. At the same time, the Netherlands (-28% y-o-y), Belgium (-20% y-o-y) and France (-14% y-o-y) recorded the most prominent drop in supplies abroad.

The average wheat gluten export price stood at $1,423 per tonne in 2020, decreasing by -9% against the previous year. Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Germany ($1,597 per tonne) and Australia ($1,525 per tonne), while the UK ($1,274 per tonne) and China ($1,283 per tonne) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced a decline in the export price figures.

Wheat Gluten Consumption by Country

In 2020, the highest levels of wheat gluten per capita consumption were registered in Norway (39 kg per person), followed by Belgium (4.38 kg per person), France (2.61 kg per person) and the Netherlands (2.21 kg per person). The world average per capita consumption of wheat gluten was estimated at 0.15 kg per person.

Source: IndexBox Platform

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Archives, Global Logistics, Global Trade Daily, Trucking

Everything to Know about Tarp Systems

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Tarp systems provide benefits for various industries, such as logistics, manufacturing, and lumber. The below infographic includes details about several purposes for tarp systems, including securing all items and keeping others safe while products are in transit. Components of a tarp system are also discussed and are broken down based on three types of systems- the electric tarp system, crank tarp system, and ratchet tarp system.

The infographic also includes considerations to keep in mind when deciding which tarp system is most suitable for your business needs. A few key points to remember when choosing a tarp system are the size of your products, the ability of the person transporting the items to physically maneuver the tarp, and the distance that your items will be transported.

 

This originally appeared here. Republished with permission.

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American Exports of Organic Surface-Active Agents Go Up

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

American exports of organic surface-active agent exports increased by +5.6% y-o-y to $3.5B in 2020. In physical terms, exports grew by +3.7% y-o-y to 1.4M tonnes. Canada remains the largest importer of organic surface-active agents from the U.S., comprising a 55% share of American exports. Mexico and China follow Canada in this ranking. Last year, all three countries recorded moderate growth in imports of the product from America. In 2020, the U.S. average export price for organic surface-active agents grew by +1.8% y-o-y to $2,584 per tonne.

U.S. Exports of Organic Surface-Active Agents

In 2020, the amount of organic surface-active agents exported from the U.S. reached 1.4M tonnes, surging by +3.7% on the previous year. In value terms, exports of organic surface-active agents rose by +5.6% y-o-y to $3.5B (IndexBox estimates) in 2020.

Canada (756K tonnes) was the main destination for organic surface-active agent exports from the U.S., with a 55% share of total exports. Moreover, surface-active agent exports to Canada exceeded the volume sent to the second major destination, Mexico (108K tonnes), sevenfold. China (54K tonnes) ranked third in terms of total exports with a 3.9% share.

In 2020, the average annual rate of growth in terms of volume to Canada amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+8.8% per year) and China (+8.3% per year).

In value terms, Canada ($1.5B) remains the key foreign market for surface-active agent exports from the U.S., comprising 43% of total exports. The second position in the ranking was occupied by Mexico ($249M), with a 7% share of total exports. It was followed by China, with a 5.9% share.

The average export price for organic surface-active agents stood at $2,584 per tonne in 2020, growing by +1.8% against the previous year. Prices varied noticeably by country of destination. The country with the highest price was Taiwan ($5,214 per tonne), while the average price for exports to Canada ($1,989 per tonne) was among the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Taiwan, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform

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BIS Requests Comments from Information and Communications Technology (ICT) and Semiconductor Supply Chains on Supply Chain Vulnerabilities

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The Department of Commerce’s (“Commerce”) Bureau of Industry & Security (“BIS”) recently issued requests for comment on risks to the information communications and technology (“ICT”) and semiconductor supply chains. These comments are being requested as part of the U.S. government’s broader review of supply chain vulnerabilities.

ICT Supply Chain Request for Comment:

Executive Order 14017 (“EO 14017”) requires Commerce and the Department of Homeland Security (“DHS”) to issue a report on supply chains for critical sectors and subsectors of the ICT industrial base. The recent Federal Register notice, published on September 20, 2021, describes the ICT industrial basis as: (a) hardware that enables terrestrial distribution, broadcast/wireless transport, satellite support, data storage to include data center and cloud technologies, and end user devices including home devices such as routers, antennae, and receivers, and mobile devices; (b) critical software; and (c) services that have direct dependencies on one or more of the enabling hardware. BIS seeks comments on eleven (11) topics, which are described in further detail in the notice and which we summarize below:

-“Critical goods and materials,” as defined in EO 14017, Section 6(b);

-“Other essential goods and materials,” as defined in EO 14017, Section 6(d);

-Manufacturing, or other capabilities necessary to produce or supply “critical goods and materials” and “other essential goods and materials”;

-Supply chain disruption and compromise threats such as cyber, health, climate, environmental, geopolitical, forced-labor, and other risks;

-Resilience and capacity of domestic ICT supply chains to support domestic requirements as described in EO 14017, such as national, economic, and information security;

-Allies’ and partners’ actions on ICT supply chains;

-Primary causes of risks for any vulnerable aspects of the ICT supply chain;

-Prioritization of “critical goods and materials” and “other essential goods and materials” to identify options and policy recommendations;

-Specific policy recommendations for ensuring a resilient ICT supply chain;

-Executive, legislative, regulatory, and policy changes needed to strengthen domestic ICT supply chain manufacturing and prevent supply chain disruption and compromise; and

-Suggested improvements to the government-wide effort to strengthen supply chains.

Comments on the ICT supply chain are due by November 4, 2021.

Semiconductor Supply Chain Request for Comment:

On September 24, 2021, BIS published a Federal Register notice which requests comments from interested parties, especially domestic and foreign semiconductor designers, manufacturers, material/equipment suppliers, as well as intermediate and end-users. Any interested party may submit comments, however. The BIS notice includes a questionnaire for semiconductor designers, manufacturers, and microelectronic assemblers, and their suppliers and distributors, as well as a questionnaire for intermediate and end-users of semiconductor products or integrated circuits. The questions mainly cover the production process and focus on disruptions to the semiconductor and integrated circuit inventories of intermediate and end-users. Interested parties should note before filing comments at regulations.gov that BIS requires commenters fill out an Excel spreadsheet form posted on BIS’ website to be completed and filed along with the comments. Comments on the semiconductor supply chain (including a completed form) are due by November 8, 2021.

_________________________________________________________________

Cortney O’Toole Morgan is a Washington D.C.-based partner with the law firm Husch Blackwell LLP. She leads the firm’s International Trade & Supply Chain group.

Grant Leach is an Omaha-based partner with the law firm Husch Blackwell LLP focusing on international trade, export controls, trade sanctions and anti-corruption compliance.

Tony Busch is an attorney in Husch Blackwell LLP’s Washington, D.C. office.

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Archives, Global Trade Daily, News

The U.S. Doubles Its Protein Concentrate Exports in Past Decade

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IndexBox has just published a new report: ‘U.S. – Protein Concentrates And Flavoured Or Coloured Sugar Syrups – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In the past decade, American protein concentrate exports doubled, reaching $873M in 2020. Last year, protein concentrate exports from the U.S. decreased slightly in physical terms but kept stable in value terms. Canada, Mexico and the Netherlands constitute the major importers of American proteins, with a combined 36%-share of the total U.S. exports. The average U.S. export price for protein concentrates soared by +15% y-o-y to $6,578 per tonne in 2020.

American Protein Concentrate Exports

American protein concentrate exports doubled in the past decade, from $394M in 2010 to $873M (IndexBox estimates) in 2020. Last year, exports in value terms remained relatively unchanged as compared to the figures of 2019. In physical terms, approx. 133K tonnes of protein concentrates were exported from the U.S. in 2020, shrinking by -12.8% against the year before.

Canada (19K tonnes), Mexico (18K tonnes) and the Netherlands (11K tonnes) were the main destinations of protein concentrate exports from the U.S., with a combined 36% share of total exports. These countries were followed by South Korea, the UK, Australia, Japan, Colombia, Germany, Thailand, Guatemala, Spain and Switzerland, which accounted for a further 28%.

In value terms, the largest markets for protein concentrate exported from the U.S. were Canada ($141M), South Korea ($102M) and the Netherlands ($74M), with a combined 36% share of total exports. Mexico, Thailand, Australia, Japan, the UK, Colombia, Germany, Switzerland, Guatemala and Spain lagged somewhat behind, comprising a further 29%.

In 2020, Switzerland saw the biggest increases in imports from the U.S. American exports to Switzerland grew from $0.5M to $8.0M over the last year.

In 2020, the average U.S. export price for protein concentrates amounted to $6,578 per tonne, surging by +15% against the previous year. There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Thailand, while the average price for exports to Spain was amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform

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Archives, Global Trade Daily, Imports/Exports, News

World Glycerol Trade Intensifies

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

In the past decade, global glycerol exports saw a twofold increase both in physical and value terms. In 2020, glycerol exports grew by +2.3% y-o-y to $1.3B. In physical terms, exports soared by +8.5% y-o-y to 1.9M tonnes last year. Indonesia, Germany and Malaysia constitute the largest glycerol exporters worldwide. China, the U.S. and the Netherlands feature among the largest markets for imported glycerol. In 2020, South Korea recorded the highest import growth rate, while India, China, the Netherlands, Italy, France, the UK, Spain and the Czech Republic also boosted glycerol purchases abroad. 

Global Glycerol Exports

Over the past decade, global exports of glycerol increased twofold, both in volume and value terms. In 2020, global exports of glycerol were estimated at 1.9M tonnes, increasing by +8.5% against the year before. In value terms, exports rose by +2.3% y-o-y to $1.3B (IndexBox estimates) in 2020.

In 2020, Indonesia (524K tonnes), distantly followed by Malaysia (331K tonnes), Germany (263K tonnes), the Netherlands (223K tonnes) and Brazil (95K tonnes) represented the main exporters of glycerol, mixing up 77% of total exports. Argentina (69K tonnes), Thailand (43K tonnes), Belgium (38K tonnes), the U.S. (33K tonnes) and Poland (29K tonnes) held a little share of total exports.

In value terms, Indonesia ($310M), Germany ($219M) and Malaysia ($209M) appeared to be the countries with the highest levels of exports in 2020, with a combined 58% share of global exports. The Netherlands, Brazil, the U.S., Belgium, Argentina, Thailand and Poland lagged somewhat behind, together accounting for a further 28%.

In 2020, the average glycerol export price amounted to $681 per tonne, falling by -5.7% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the U.S., while Argentina was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Poland, while the other global leaders experienced more modest paces of growth.

Key Glycerol Importers

In 2020, China (427K tonnes), distantly followed by the U.S. (141K tonnes) and the Netherlands (127K tonnes) represented the key importers of glycerol, together comprising 36% of total imports. The following importers – Japan (76K tonnes), France (66K tonnes), South Korea (61K tonnes), the UK (56K tonnes), India (55K tonnes), Mexico (52K tonnes), Spain (49K tonnes), Italy (45K tonnes), Thailand (45K tonnes) and Germany (44K tonnes) – together made up 29% of total imports.

In value terms, the largest glycerol importing markets worldwide were China ($232M), the U.S. ($121M) and the Netherlands ($65M), with a combined 33% share of global imports. These countries were followed by Japan, France, South Korea, the UK, Spain, Germany, Italy, Mexico, India and Thailand, which together accounted for a further 31%.

South Korea saw the highest imports growth rate, doubling the value of purchases from abroad last year. Among other largest importers, India, China, the Netherlands, Italy, France, the UK, Spain and the Czech Republic ramped up their imports significantly in 2020.

Source: IndexBox Platform