New Articles

Spain and France Emerged as the Most Promising Markets for European Mango Importers

mango

Spain and France Emerged as the Most Promising Markets for European Mango Importers

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

The EU mango and mangosteen market shrank slightly to $692M in 2019, standing approx. at the previous year’s level. 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 +7.1% from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.

Consumption by Country

The countries with the highest volumes of mango and mangosteen consumption in 2019 were Germany (82K tonnes), the UK (77K tonnes) and France (52K tonnes), together comprising 63% of total consumption. Portugal, the Netherlands, Italy, Spain, Poland, Belgium, Austria and Sweden lagged somewhat behind, together accounting for a further 30%.

From 2013 to 2019, the most notable rate of growth in terms of mango and mangosteen consumption, amongst the leading consuming countries, was attained by Belgium (+52.0% per year), while mango and mangosteen consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest mango and mangosteen markets in the European Union were Germany ($176M), the UK ($156M) and France ($108M), together accounting for 64% of the total market. Portugal, Italy, Poland, the Netherlands, Spain, Austria, Belgium and Sweden lagged somewhat behind, together accounting for a further 28%.

The countries with the highest levels of mango and mangosteen per capita consumption in 2019 were Portugal (2,107 kg per 1000 persons), the UK (1,150 kg per 1000 persons) and Germany (1,001 kg per 1000 persons).

Imports in the EU

After six years of growth, overseas purchases of mangoes, mangosteens and guavas decreased by -1% to 651K tonnes in 2019. Total imports indicated a prominent increase from 2013 to 2019: its volume increased at an average annual rate of +7.9% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +58.1% against 2013 indices. In value terms, mango and mangosteen imports amounted to $1.3B (IndexBox estimates) in 2019.

Imports by Country

The Netherlands was the key importer of mangoes, mangosteens and guavas in the European Union, with the volume of imports amounting to 209K tonnes, which was approx. 32% of total imports in 2019. Germany (91K tonnes) held the second position in the ranking, followed by the UK (80K tonnes), France (70K tonnes), Spain (61K tonnes), Portugal (35K tonnes) and Belgium (33K tonnes). All these countries together occupied near 57% share of total imports.

Imports into the Netherlands increased at an average annual rate of +4.8% from 2013 to 2019. At the same time, Spain (+12.4%), France (+11.8%), Belgium (+9.1%), Portugal (+9.0%), Germany (+8.4%) and the UK (+6.0%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of +12.4% from 2013-2019.

In value terms, the largest mango and mangosteen importing markets in the European Union were the Netherlands ($335M), Germany ($198M) and the UK ($175M), with a combined 56% share of total imports. These countries were followed by France, Spain, Portugal and Belgium, which together accounted for a further 31%.

Import Prices by Country

The mango and mangosteen import price in the European Union stood at $1,936 per tonne in 2019, growing by 3.2% against the previous year. Over the period from 2013 to 2019, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2017 when the import price increased by 9.9% against the previous year. The level of import peaked in 2019 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2019, major importing countries recorded the following prices: in the UK ($2,202 per tonne) and Germany ($2,164 per tonne), while the Netherlands ($1,600 per tonne) and Belgium ($1,702 per tonne) were amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

mineral wool

The Global Mineral Wool Market Started to Slow Down

IndexBox has just published a new report: ‘World – Slag Wool, Rock Wool And Similar Mineral Wools And Mixtures – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

For the fifth consecutive year, the global mineral wool market recorded growth in sales value, which increased by 0.3% to $30.9B in 2019. The market value increased at an average annual rate of +2.1% over the period from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the global market attained the maximum level in 2019 and is likely to continue growing in years to come.

Consumption by Country

The countries with the highest volumes of mineral wool consumption in 2019 were China (4.9M tonnes), the U.S. (3.9M tonnes) and India (2M tonnes), together comprising 56% of global consumption. Japan, Russia, Mexico, Germany, South Korea, Thailand, Canada and Saudi Arabia lagged somewhat behind, together comprising a further 25%.

From 2013 to 2019, the most notable rate of growth in terms of mineral wool consumption, amongst the main consuming countries, was attained by Saudi Arabia, while mineral wool consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($6.8B), the U.S. ($6.2B) and Japan ($5.1B) appeared to be the countries with the highest levels of market value in 2019, together comprising 58% of the global market. India, Mexico, South Korea, Saudi Arabia, Germany, Russia, Thailand and Canada lagged somewhat behind, together accounting for a further 28%.

The countries with the highest levels of mineral wool per capita consumption in 2019 were the U.S. (12 kg per person), Japan (9.63 kg per person) and Saudi Arabia (8.70 kg per person).

Production

In 2019, global mineral wool production expanded to 19M tonnes, increasing by 4.3% compared with the year before. The total output volume increased at an average annual rate of +1.8% from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period.

Production by Country

The countries with the highest volumes of mineral wool production in 2019 were China (5M tonnes), the U.S. (3.8M tonnes) and India (2M tonnes), with a combined 56% share of global production. These countries were followed by Japan, Russia, Mexico, Germany, South Korea, Canada, Thailand, Saudi Arabia and Poland, which together accounted for a further 28%.

From 2013 to 2019, the most notable rate of growth in terms of mineral wool production, amongst the leading producing countries, was attained by Saudi Arabia, while mineral wool production for the other global leaders experienced more modest paces of growth.

Imports

After three years of growth, purchases abroad of slag wool, rock wool and similar mineral wools and mixtures decreased by -3.3% to 2.3M tonnes in 2019. The total import volume increased at an average annual rate of +3.9% over the period from 2013 to 2019. Global imports peaked at 2.3M tonnes in 2018, and then declined modestly in the following year.

In value terms, mineral wool imports shrank slightly to $2.6B (IndexBox estimates) in 2019. The total import value increased at an average annual rate of +2.6% from 2013 to 2019; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period.

Imports by Country

France (183K tonnes), Italy (156K tonnes), the U.S. (137K tonnes), Germany (132K tonnes), Austria (113K tonnes), Romania (85K tonnes), Kazakhstan (81K tonnes), Sweden (81K tonnes), Poland (72K tonnes), the Czech Republic (67K tonnes), Belgium (63K tonnes) and Belarus (59K tonnes) represented roughly 54% of total imports of slag wool, rock wool and similar mineral wools and mixtures in 2019.

From 2013 to 2019, the biggest increases were in Romania, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest mineral wool importing markets worldwide were Germany ($203M), the U.S. ($186M) and France ($180M), with a combined 22% share of global imports. Italy, Austria, Poland, Belgium, Sweden, the Czech Republic, Romania, Kazakhstan and Belarus lagged somewhat behind, together accounting for a further 26%.

Import Prices by Country

The average mineral wool import price stood at $1,155 per tonne in 2019, flattening at the previous year. Over the period under review, the import price recorded a slight shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by 4.8% y-o-y. Over the period under review, average import prices reached the maximum at $1,295 per tonne in 2014; however, from 2015 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($1,535 per tonne), while Kazakhstan ($485 per tonne) was amongst the lowest.

From 2013 to 2019, 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.

Source: IndexBox AI Platform

coconut

The Philippines, India, and Indonesia Dominate the $35B-Worth Global Coconut Market

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

In 2019, after two years of growth, there was decline in the global coconut market, when its value decreased by -3.2% to $35.2B. Overall, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the market value increased by 7.9% year-to-year. As a result, consumption reached a peak level of $36.4B, and then dropped modestly in the following year.

Consumption By Country

The countries with the highest volumes of coconut consumption in 2019 were Indonesia (18M tonnes), the Philippines (15M tonnes) and India (12M tonnes), together accounting for 71% of global consumption. These countries were followed by Sri Lanka, Brazil, Viet Nam, Papua New Guinea, Mexico and Thailand, which together accounted for a further 16%.

From 2013 to 2019, the most notable rate of growth in terms of coconut consumption, amongst the main consuming countries, was attained by Viet Nam, while coconut consumption for the other global leaders experienced mixed trends in the consumption figures.

In value terms, the largest coconut markets worldwide were the Philippines ($9.8B), India ($6.8B) and Indonesia ($4.8B), together comprising 61% of the global market. These countries were followed by Sri Lanka, Brazil, Thailand, Viet Nam, Papua New Guinea and Mexico, which together accounted for a further 18%.

The countries with the highest levels of coconut per capita consumption in 2019 were Papua New Guinea (140 kg per person), the Philippines (136 kg per person) and Sri Lanka (125 kg per person).

Production

In 2019, the number of coconuts produced worldwide reached 62M tonnes, approximately reflecting the previous year. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 2.4% year-to-year. Global production peaked at 62M tonnes in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.

Production by Country

The countries with the highest volumes of coconut production in 2019 were Indonesia (18M tonnes), the Philippines (15M tonnes) and India (12M tonnes), together accounting for 72% of global production. Sri Lanka, Brazil, Viet Nam, Papua New Guinea and Mexico lagged somewhat behind, together comprising a further 14%.

From 2013 to 2019, the biggest increases were in Viet Nam, while coconut production for the other global leaders experienced more modest paces of growth.

Harvested Area and Yield

In 2019, the global harvested area of coconuts amounted to 13M ha, approximately equating the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern. In 2019, the global average coconut yield declined to 5 tonnes per ha, standing approx. at the previous year’s figure.

Exports

For the fourth consecutive year, the global market recorded growth in overseas shipments of coconuts, which increased by 11% to 1.1M tonnes in 2019. Over the period under review, exports posted a prominent increase. Over the period under review, global exports attained the maximum in 2019 and are expected to retain growth in the immediate term. In value terms, coconut exports rose significantly to $527M (IndexBox estimates) in 2019.

Exports by Country

Indonesia represented the major exporter of coconuts in the world, with the volume of exports resulting at 474K tonnes, which was approx. 44% of total exports in 2019. Thailand (178K tonnes) ranks second in terms of the total exports with a 16% share, followed by Viet Nam (16%) and India (9.9%). Guyana (27K tonnes), Hong Kong SAR (25K tonnes) and Sri Lanka (21K tonnes) held a little share of total exports.

From 2013 to 2019, the average annual rates of growth with regard to coconut exports from Indonesia stood at +29.1%. At the same time, Hong Kong SAR (+47.5%), Thailand (+26.7%), Guyana (+17.3%), India (+13.6%) and Viet Nam (+6.2%) displayed positive paces of growth. By contrast, Sri Lanka (-14.7%) illustrated a downward trend over the same period.

In value terms, Thailand ($151M), Indonesia ($115M) and Viet Nam ($88M) appeared to be the countries with the highest levels of exports in 2019, together comprising 67% of global exports. India, Sri Lanka and Guyana lagged somewhat behind, together accounting for a further 18%.

Export Prices by Country

The average coconut export price stood at $487 per tonne in 2019, with an increase of 1.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 11% y-o-y. Over the period under review, average export prices attained the maximum at $528 per tonne in 2017; however, from 2018 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Sri Lanka ($852 per tonne), while Indonesia ($242 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Sri Lanka, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

tea

The UK Remains an Indisputable Leader for the European Tea Market

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

In 2019, the EU tea market decreased by -5.1% to 214K tonnes, slipping back slightly from the previous year. Over the last five years, consumption remains relatively stable which indicates that any prerequisites for sharp growth of the demand aren’t currently expected.

Consumption by Country

The country with the largest volume of tea consumption was the UK (104K tonnes), accounting for 48% of total volume. Moreover, tea consumption in the UK exceeded the figures recorded by the second-largest consumer, Germany (27K tonnes), fourfold. Poland (15K tonnes) ranked third in terms of total consumption with a 7% share.

In the UK, tea consumption contracted by an average annual rate of -1.5% over the period from 2013-2019. The remaining consuming countries recorded the following average annual rates of consumption growth: Germany (+0.7% per year) and Poland (+0.7% per year).

The countries with the highest levels of tea per capita consumption in 2019 were Ireland (2,314 kg per 1000 persons), the UK (1,540 kg per 1000 persons) and the Netherlands (536 kg per 1000 persons).

Imports in the EU

Tea imports reduced modestly to 311K tonnes in 2019, with a decrease of -3.5% against 2018 figures. In general, imports recorded a mild decline. Over the period under review, imports hit record highs at 344K tonnes in 2013; however, from 2014 to 2019, imports remained at a lower figure. In value terms, tea imports fell to $1.5B (IndexBox estimates) in 2019.

Imports by Country

In 2019, the UK (123K tonnes) represented the key importer of tea, creating the demand for approx. 40% of total imports. Germany (50K tonnes) occupied the second position in the ranking, followed by Poland (38K tonnes), the Netherlands (17K tonnes), France (17K tonnes) and Belgium (14K tonnes). All these countries together occupied approx. 44% share of total imports. Ireland (12K tonnes) held a minor share of total imports.

Imports in the UK decreased at an average annual rate of -1.8% from 2013 to 2019. At the same time, Ireland (+7.7%) and Poland (+2.5%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer imported in the European Union, with a CAGR of +7.7% from 2013-2019. By contrast, France (-1.5%), Germany (-1.6%), Belgium (-3.5%) and the Netherlands (-11.7%) illustrated a downward trend over the same period.

In value terms, the largest tea importing markets in the European Union were the UK ($356M), Germany ($228M) and France ($167M), with a combined 51% share of total imports. These countries were followed by the Netherlands, Poland, Belgium and Ireland, which together accounted for a further 26%.

Import Prices by Country

The tea import price in the European Union stood at $4,701 per tonne in 2019, remaining constant against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 7.1% year-to-year. Over the period under review, import prices hit record highs at $4,754 per tonne in 2018, and then reduced slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was France ($9,624 per tonne), while the UK ($2,890 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

GT Podcast – Episode 122 – Craig Reed with Avalara

In this episode, Global Trade Magazine speaks with Avalara’s, Senior Vice President of Global Trade, Craig Reed about the tips and trends of e-commerce, and how their technology is helping companies streamline their taxation compliance.

frozen fish

Germany, the UK, and France Dominate the European Frozen Fish Fillet Market

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

The EU frozen fish fillet market totaled $6.6B in 2019 (IndexBox estimates), surging by 5.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.0% from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 7.7% year-to-year. Over the period under review, the market reached the maximum level in 2019 and is likely to see gradual growth in years to come.

Consumption by Country

The countries with the highest volumes of frozen fish fillet consumption in 2019 were Germany (275K tonnes), the UK (193K tonnes) and France (155K tonnes), together comprising 48% of total consumption. Spain, Poland, Italy, Sweden, the Netherlands, Malta, Austria, Belgium, and Hungary lagged somewhat behind, together comprising a further 42%.

From 2013 to 2019, the most notable rate of growth in terms of frozen fish fillet consumption, amongst the main consuming countries, was attained by Malta, while frozen fish fillet consumption for the other leaders experienced more modest paces of growth.

In value terms, Germany ($1.2B), the UK ($1.2B), and France ($901M) were the countries with the highest levels of market value in 2019, together accounting for 51% of the total market. These countries were followed by Spain, Italy, Poland, Sweden, Austria, the Netherlands, Hungary, Belgium, and Malta, which together accounted for a further 40%.

In 2019, the highest levels of frozen fish fillet per capita consumption were registered in Malta (77 kg per person), followed by Sweden (3.71 kg per person), Austria (3.43 kg per person) and Germany (3.35 kg per person), while the world average per capita consumption of frozen fish fillet was estimated at 2.55 kg per person.

In Malta, frozen fish fillet per capita consumption increased at an average annual rate of +6.7% over the period from 2013-2019. In other countries, the average annual rates were as follows: Sweden (-4.9% per year) and Austria (-0.8% per year).

Imports in the EU

In 2019, the amount of frozen fish fillet imported in the European Union was estimated at 1.4M tonnes, remaining relatively unchanged against the previous year’s figure. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 4.5% against the previous year. In value terms, frozen fish fillet imports amounted to $7.1B (IndexBox estimates) in 2019.

Imports by Country

In 2019, Germany (339K tonnes), distantly followed by the UK (162K tonnes), Poland (155K tonnes), France (154K tonnes), Spain (143K tonnes), the Netherlands (105K tonnes) and Italy (89K tonnes) were the largest importers of frozen fish fillet, together comprising 82% of total imports.

Germany experienced a relatively flat trend pattern with regard to the volume of imports of frozen fish fillet. At the same time, Poland (+2.0%) and Italy (+1.6%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the European Union, with a CAGR of +2.0% from 2013-2019. Spain, the Netherlands, France, and the UK experienced a relatively flat trend pattern. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the largest frozen fish fillet importing markets in the European Union were Germany ($1.5B), the UK ($1B), and France ($897M), with a combined 49% share of total imports. Spain, Poland, Italy, and the Netherlands lagged somewhat behind, together comprising a further 32%.

Among the main importing countries, Spain saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the frozen fish fillet import price in the European Union amounted to $5,096 per tonne, growing by 4.4% against the previous year. Over the last six years, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2017 when the import price increased by 5.3% year-to-year. Over the period under review, import prices attained the maximum in 2019 and are likely to continue growing in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($6,351 per tonne), while Poland ($3,415 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

mustard

The European Prepared Mustard Market Flattened after Two Years Of Robust Growth

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

After three years of growth, the EU prepared mustard market decreased by -3.9% to $2.9B in 2019. 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, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 10% year-to-year. As a result, consumption attained a peak level of $3B and then shrank slightly in the following year.

Consumption by Country

The countries with the highest volumes of prepared mustard consumption in 2019 were the UK (221K tonnes), Germany (202K tonnes), and Italy (190K tonnes), together comprising 44% of total consumption. These countries were followed by France, Spain, Poland, Ireland, the Netherlands, Romania, Belgium, the Czech Republic, and Sweden, which together accounted for a further 43%.

From 2013 to 2019, the most notable rate of growth in terms of prepared mustard consumption, amongst the key consuming countries, was attained by Romania, while prepared mustard consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared mustard markets in the European Union were Germany ($532M), the UK ($437M), and France ($421M), together accounting for 48% of the total market. These countries were followed by Spain, Poland, Belgium, Ireland, the Netherlands, Romania, Sweden, the Czech Republic, and Italy, which together accounted for a further 36%.

In 2019, the highest levels of prepared mustard per capita consumption were registered in Ireland (11 kg per person), followed by Belgium (4 kg per person), the UK (3.27 kg per person) and the Czech Republic (3.25 kg per person), while the world average per capita consumption of prepared mustard was estimated at 2.71 kg per person.

Production in the EU

In 2019, prepared mustard production in the European Union reached 1.5M tonnes, increasing by 1.9% against the previous year. The total output volume increased at an average annual rate of +3.3% from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed in certain years.

Production by Country

The countries with the highest volumes of prepared mustard production in 2019 were Italy (335K tonnes), Germany (325K tonnes), and Poland (154K tonnes), together accounting for 53% of total production. Belgium, Spain, the Netherlands, and France lagged somewhat behind, together accounting for a further 36%.

From 2013 to 2019, the most notable rate of growth in terms of prepared mustard production, amongst the key producing countries, was attained by the Netherlands, while prepared mustard production for the other leaders experienced more modest paces of growth.

Imports in the EU

In 2019, overseas purchases of prepared mustard increased by 3.8% to 1.6M tonnes, rising for the fourth year in a row after two years of decline. The total import volume increased at an average annual rate of +3.3% over the period from 2013 to 2019. In value terms, prepared mustard imports amounted to $3.9B (IndexBox estimates) in 2019.

Imports by Country

In 2019, the UK (374K tonnes), distantly followed by France (202K tonnes), Germany (174K tonnes), and the Netherlands (159K tonnes) represented the major importers of prepared mustard, together committing 55% of total imports. The following importers – Italy (73K tonnes), Spain (73K tonnes), Belgium (72K tonnes), Poland (64K tonnes), Sweden (63K tonnes), Ireland (58K tonnes), Romania (44K tonnes), and the Czech Republic (40K tonnes) – together made up 30% of total imports.

From 2013 to 2019, the biggest increases were in Romania, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared mustard importing markets in the European Union were the UK ($738M), France ($474M), and Germany ($455M), with a combined 42% share of total imports. These countries were followed by the Netherlands, Belgium, Poland, Spain, Sweden, Italy, Ireland, Romania, and the Czech Republic, which together accounted for a further 40%.

Import Prices by Country

The prepared mustard import price in the European Union stood at $2,394 per tonne in 2019, declining by -2.7% against the previous year. The pace of growth was the most pronounced in 2014 an increase of 7.4% against the previous year. As a result, import price reached the peak level of $2,673 per tonne. From 2015 to 2019, the growth in terms of import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2019, major importing countries recorded the following prices: in Belgium ($2,881 per tonne) and Poland ($2,750 per tonne), while the UK ($1,974 per tonne) and Romania ($1,981 per tonne) were amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Ireland, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

saw log

The Pandemic to Put a Drag on the Growth of the Global Coniferous Saw Log And Veneer Log Market

IndexBox has just published a new report: ‘World – Saw Logs And Veneer Logs (Coniferous) – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The Global Saw Log and Veneer Log Market Expanded Robustly Over the Last Decade

The global market for saw logs and veneer logs (coniferous) totaled $68.8B in 2019, increasing by 2.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, taxes, and margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.3% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Global consumption peaked in 2019 and is expected to retain growth in the near future.

The countries with the highest volumes of consumption of saw logs and veneer logs (coniferous) in 2019 were the U.S. (261M cubic meters), Russia (168M cubic meters), and Canada (113M cubic meters), with a combined 46% share of global consumption. In value terms, the largest saw logs and veneer logs (coniferous) markets worldwide were the U.S. ($13.2B), Russia ($9.3B), and Canada ($5.7B), together comprising 41% of the global market.

Sawlogs and veneer logs are one of the basic materials around the world, as they serve as raw materials for the production of sawn wood and all kinds of wood-based panels, which are widely used in construction, and, at a lesser extent, in industry. The key factor determining the development of the saw logs and veneer logs market is the dynamics of construction in a particular country, which, in turn, depends on a set of economic and social factors: population growth, employment and income of the population, economic growth of the country, rates of urbanization, investment volumes and the availability of credit resources for the population, which altogether reflect the overall GDP growth.

Over the past years, the global construction industry has grown at a steady pace thanks to residential construction and major investment infrastructure projects, in both emerging markets and some developed markets. The main driver of growth in the global construction industry was the growing demand from developing countries, mainly China and the countries of Southeast Asia.

In these countries the economic growth rates are the highest in the world, which is accompanied by active urbanization and growth of the population’s income; all this together leads to an expansion of the volume of housing, industrial, and infrastructural construction. The pace of construction in the United States was also high, which was due to both the growth of the economy and the tendency to move from large cities to the suburbs, as well as active immigration; these factors were especially relevant to the saw log market due to the high popularity of wood construction materials in America.

The Lockdown and Uncertainty in the Construction Sector to Hamper the Market Growth

Until 2020, the global economy has been developing steadily for five years, although at a slower pace than in the previous decade. The slowdown in global economic growth was caused by increased political uncertainty in the world and trade wars between the United States and China. According to the World Bank outlook from January 2020, the global economy was expected to pick up the growth momentum and increase by from +2.5% to +2.7% per year in the medium term.

In early 2020, however, the global economy entered a period of the crisis caused by the outbreak of the COVID-19 pandemic. In order to battle the spread of the virus, most countries in the world implemented quarantine measures that put on halt production and transport activity. The result will be a drop in GDP relative to previous years and a sharp fall in the demand for oil, which led to extremely low prices and heavy oil production cuts.

The combination of those factors disrupts economic growth heavily throughout the world. According to World Bank forecasts, despite the gradual relaxing of restrictive measures and unprecedented government support in countries that faced the pandemic in early 2020, the annual decline of global GDP could amount to -5.2%, which is the deepest global recession being seen over the past eight decades.

In Asian countries, especially China, which faced the pandemic earlier than others, the epidemic situation improved earlier, with the quarantine measures largely relaxed, and the economy is gradually recovering from the forced outage. Thus, in China, by the end of 2020, an increase of 1% is expected (while a year earlier it was 6.1%), and in general in Southeast Asia in 2020, an increase of 0.5% is expected. In the medium term, it is assumed that the economy will gradually recover over several years as the restrictions are finally lifted.

The U.S., by contrast, is struggling with a drastic short-term recession, with the expected contraction of GDP of approx. -6.1% in 2020, as the hit of the pandemic was harder than expected, and unemployment soared due to the shutdown and social isolation. In the medium term, should the pandemic outbreak end in the second half of 2020, the economy is to start recovering in 2021 and then return to the market trend of the gradual growth, driven by the fundamentals existed before 2020 and boosted by support measures imposed by the government. In the European Union, the economy may plunge by 9% in 2020, in many other countries a comparable negative trend is also expected.

An additional serious risk for the medium-term recovery is the growth of geopolitical tensions in the world, especially between the United States and China, which are being drawn into a political confrontation on a wide range of issues. If sanctions and restrictions are tightened, it will hit global trade and worsen economic growth both in the United States and China and in many other countries involved in supply chains.

The construction sector has proven extremely vulnerable to the pandemic as due to quarantine measures, construction projects were paused, and the drop in incomes of the population makes mortgage loans less affordable. Thus, the above economic prerequisites will have the most negative impact on the production of building materials, and, therefore, on the consumption of saw logs and veneer logs.

Taking into account the above, it is expected that in 2020 global consumption of saw logs and veneer logs will drop by approx. 5%. In the medium term, as the global economy recovers from the effects of the pandemic, the market is expected to grow gradually. Overall, market performance is forecast to expand with an anticipated CAGR of +0.3% for the period from 2019 to 2030, which is projected to bring the market volume to 1.2B cubic meters by the end of 2030.

Production

For the seventh consecutive year, the global market recorded growth in the production of saw logs and veneer logs (coniferous), which increased by 1.8% to 1.2B cubic meters in 2019. The total output volume increased at an average annual rate of +1.5% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the production volume increased by 6.4% year-to-year. Global production peaked in 2019 and is expected to retain growth in years to come.

In value terms, the production of saw logs and veneer logs (coniferous) expanded modestly to $69.8B in 2019 estimated at export prices. The total output value increased at an average annual rate of +1.6% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 9.4% y-o-y. Over the period under review, global production attained the peak level in 2019 and is likely to see gradual growth in the immediate term.

Production By Country

The countries with the highest volumes of production of saw logs and veneer logs (coniferous) in 2019 were the U.S. (278M cubic meters), Russia (181M cubic meters), and Canada (120M cubic meters), with a combined 49% share of global production. These countries were followed by Sweden, Finland, Brazil, New Zealand, Germany, Poland, Chile, China, and Japan, which together accounted for a further 30%.

From 2007 to 2019, the biggest increases were in New Zealand, while the production of saw logs and veneer logs (coniferous) for the other global leaders experienced more modest paces of growth.

Imports

In 2019, global imports of saw logs and veneer logs (coniferous) totaled 155M cubic meters, growing by 3.4% against 2018 figures. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when imports increased by 24% against the previous year. Global imports peaked at 165M cubic meters in 2014; however, from 2015 to 2019, imports remained at a lower figure. In value terms, imports of saw logs and veneer logs (coniferous) contracted to $8.1B (IndexBox estimates) in 2019.

China Remains the Largest Market for Imported Coniferous Saw Logs and Veneer Logs

China was the key importer of saw logs and veneer logs (coniferous) in the world, with the volume of imports accounting for 69M cubic meters, which was approx. 45% of total imports in 2019. Austria (17M cubic meters) occupied an 11% share (based on tonnes) of total imports, which put it in second place, followed by Sweden (7.3%), Japan (7%), Germany (6.8%) and South Korea (4.8%). Belgium (3.7M cubic meters) followed a long way behind the leaders.

Imports in China increased at an average annual rate of +4.2% from 2007 to 2019. At the same time, Belgium (+7.5%), Germany (+5.3%), Sweden (+4.4%) and Austria (+2.5%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the world, with a CAGR of +7.5% from 2007-2019. By contrast, South Korea (-3.4%) and Japan (-5.4%) illustrated a downward trend over the same period.

In value terms, China ($4.1B) constitutes the largest market for imported saw logs and veneer logs (coniferous) worldwide, comprising 50% of global imports. The second position in the ranking was occupied by Japan ($663M), with a 8.2% share of global imports. It was followed by Austria, with a 7.2% share.

From 2007 to 2019, the average annual growth rate of value in China amounted to +5.5%. In the other countries, the average annual rates were as follows: Japan (-4.0% per year) and Austria (-1.0% per year).

The average import price for saw logs and veneer logs (coniferous) stood at $53 per cubic meter in 2019, shrinking by -3.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of 17% y-o-y. As a result, import price attained the peak level of $63 per cubic meter. From 2009 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Japan ($61 per cubic meter), while Belgium ($34 per cubic meter) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

carbon

Previously Driven by the Growth of the Chemical Industry and Construction, the Global Activated Carbon Market to Struggle with the Pandemic

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

The Pandemic-Related Shutdowns to Hamper the Growth of the Activated Carbon Market in 2020

The global activated carbon market expanded markedly to $4.7B in 2019, rising by 5.4% 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, the total consumption indicated a strong increase from 2007 to 2019: its value increased at an average annual rate of +2.9% over the last twelve-year period.

China (570K tonnes) remains the largest activated carbon consuming country worldwide, comprising approx. 25% of the total volume. Moreover, activated carbon consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (271K tonnes), twofold. India (229K tonnes) ranked third in terms of total consumption with a 10% share.

In China, activated carbon consumption increased at an average annual rate of +3.4% over the period from 2007-2019. In other countries, the average annual rates were as follows: the U.S. (+0.9% per year) and India (+4.3% per year).

In value terms, the largest activated carbon markets worldwide were the U.S. ($1.1B), China ($873M), and India ($379M), with a combined 50% share of the global market. These countries were followed by Indonesia, Japan, Mexico, Viet Nam, Germany, South Korea, the UK, the Philippines, and Italy, which together accounted for a further 24%.

The countries with the highest levels of activated carbon per capita consumption in 2019 were South Korea (1,150 kg per 1000 persons), the U.S. (821 kg per 1000 persons), and Italy (791 kg per 1000 persons).

Activated carbon is used in the chemical industry, the pharmaceutical industry, and the manufacturing of filtration systems for liquids and gases (both household and industrial filters, as well as gas masks). Accordingly, the dynamics of the world market for activated carbon as a whole reflects the overall GDP growth.

Until 2020, the global economy has been developing steadily for five years, although at a slower pace than in the previous decade. In early 2020, however, the global economy entered a period of the crisis caused by the outbreak of the COVID-19 pandemic. The quarantine measures that put on halt production and transport activity disrupt economic growth heavily throughout the world. According to World Bank forecasts, despite the gradual relaxing of the restrictive measures and unprecedented government support in countries that faced the pandemic in early 2020, the annual decline of the global GDP could amount to -5.2%.

The industrial sector has proven vulnerable to the pandemic as due to quarantine measures, industrial facilities were paused, and the drop in incomes makes the growth of end markets unfeasible, thereby hampering any expansion of the industrial manufacturing. Tight financial conditions and uncertainty regarding the length of the pandemic and the possible bottom of the related economic drop, as well as high volatility of financial markets and rising political tensions between the U.S. and China, disrupt capital investments in the immediate term, which is to put a drag on the expansion of the activated carbon market.

Taking into account the above, it is expected that in 2020, the consumption of activated carbon will drop by approx. 5%. In the medium term, as the economy recovers from the effects of the pandemic, the market is expected to grow gradually, with an anticipated CAGR of +0.3% for the period from 2019 to 2030, which is projected to bring the market volume to 2.3M tonnes by the end of 2030.

China Remains the Largest Global Producer of Activated Carbon, while Australia Emerges as the Fastest-Growing Exporter

For the tenth consecutive year, the global market recorded growth in the production of activated carbon, which increased by 3.1% to 2.3M tonnes in 2019. The total output volume increased at an average annual rate of +2.8% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.

China (801K tonnes) remains the largest activated carbon producing country worldwide, accounting for 35% of total volume. Moreover, activated carbon production in China exceeded the figures recorded by the second-largest producer, India (309K tonnes), threefold. The U.S. (242K tonnes) ranked third in terms of total production with an 11% share.

In China, activated carbon production increased at an average annual rate of +2.2% over the period from 2007-2019. In other countries, the average annual rates were as follows: India (+6.2% per year) and the U.S. (+0.1% per year).

Activated carbon is a widely traded commodity, with the share of exports in the total output fluctuating near 40% over the last decade. High trade intensity is determined mainly by the reason that some major consuming countries, particularly the U.S., lack domestic production to meet the domestic demand, while China, being a major global consumer of coal, also produces large volumes of coal-based products including activated carbon.

In 2019, after three years of growth, there was a decline in shipments abroad of activated carbon, when their volume decreased by -2.6% to 894K tonnes. The total export volume increased at an average annual rate of +3.2% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, activated carbon exports fell modestly to $2B (IndexBox estimates) in 2019.

China was the main exporting country with an export of about 277K tonnes, which recorded 31% of total exports. India (102K tonnes) ranks second in terms of the total exports with an 11% share, followed by the Philippines (8.7%), Belgium (7.6%), the U.S. (7.5%), Germany (5.7%) and Sri Lanka (5.2%). The following exporters – Australia (35K tonnes), the Netherlands (31K tonnes), the UK (21K tonnes), Malaysia (20K tonnes), and Indonesia (14K tonnes) – together made up 14% of total exports.

Exports from China increased at an average annual rate of +1.1% from 2007 to 2019. At the same time, Australia (+19.4%), India (+16.3%), Germany (+7.5%), the Philippines (+6.4%), Sri Lanka (+6.4%), Belgium (+3.5%), Malaysia (+1.5%), the U.S. (+1.3%) and the UK (+1.3%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.4% from 2007-2019. By contrast, the Netherlands (-1.9%) and Indonesia (-3.8%) illustrated a downward trend over the same period.

In value terms, the largest activated carbon supplying countries worldwide were China ($450M), the U.S. ($292M), and India ($173M), together comprising 47% of global exports. Sri Lanka, the Philippines, Belgium, the Netherlands, Germany, the UK, Indonesia, Australia, and Malaysia lagged somewhat behind, together comprising a further 39%.

In 2019, the average activated carbon export price amounted to $2,195 per tonne, with an increase of 2.2% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 16% y-o-y. Over the period under review, average export prices hit record highs in 2019 and are likely to continue growing in years to come.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($4,336 per tonne), while Australia ($1,339 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

granite

While China Still Dominates Global Granite, Sandstone, and Other Building Stone Market, Russia Emerges as the Fastest Growing Consumer

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

The global market for granite, sandstone, and other building stone dropped modestly to $71.7B in 2019 (IndexBox estimates), remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, taxes, duties, and margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 6.4% y-o-y. As a result, consumption reached a peak level of $73.1B. From 2018 to 2019, the growth of the global market remained at a somewhat lower figure.

Consumption by Country

China (113M tonnes) remains the largest granite, sandstone, and other building stone consuming country worldwide, accounting for 33% of total volume. Moreover, the consumption of granite, sandstone, and other building stone in China exceeded the figures recorded by the second-largest consumer, Russia (37M tonnes), threefold. The third position in this ranking was occupied by the U.S. (19M tonnes), with a 5.6% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in China totaled +1.1%. In other countries, the average annual rates were as follows: Russia (+21.5% per year) and the U.S. (-2.2% per year). The tangible growth in Russia over the last years was largely conditioned by large infrastructural construction projects and city renovation for the dates of large sport and cultural events (the 2014 Winter Olympic Games and the World Football Championship in 2018, amongst others).

In value terms, China ($9.6B), the U.S. ($6.8B), and Russia ($5B) appeared to be the countries with the highest levels of market value in 2019, with a combined 30% share of the global market.

The countries with the highest levels of granite, sandstone, and other building stone per capita consumption in 2019 were Russia (260 kg per person), Poland (164 kg per person), and Turkey (100 kg per person).

Production

In 2019, after four years of growth, there was a decline in the production of granite, sandstone, and other building stone, when its volume decreased by -0.8% to 347M tonnes. The total output volume increased at an average annual rate of +1.2% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years.

Production by Country

China (107M tonnes) remains the largest granite, sandstone, and other building stone producing country worldwide, comprising approx. 31% of the total volume. Moreover, the production of granite, sandstone, and other building stone in China exceeded the figures recorded by the second-largest producer, Russia (37M tonnes), threefold. The third position in this ranking was occupied by India (25M tonnes), with a 7.2% share.

In China, the production of granite, sandstone, and other building stone remained relatively stable over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: Russia (+21.7% per year) and India (+2.4% per year).

Imports

After two years of growth, purchases abroad of granite, sandstone, and other building stone decreased by -4.9% to 15M tonnes in 2019. The total import volume increased at an average annual rate of +2.0% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global imports hit record highs at 16M tonnes in 2018 and then dropped modestly in the following year. In value terms, imports of granite, sandstone, and other building stone declined to $2.1B (IndexBox estimates) in 2019.

Imports by Country

In 2019, China (6.7M tonnes) was the largest importer of granite, sandstone, and other building stone, committing 45% of total imports. It was distantly followed by the UK (3.6M tonnes), generating a 24% share of total imports. The following importers – Taiwan (569K tonnes), Italy (522K tonnes), Maldives (416K tonnes), France (393K tonnes), Spain (362K tonnes), and Germany (239K tonnes) – together made up 17% of total imports.

From 2007 to 2019, the biggest increases were in the Maldives, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($1.1B) constitutes the largest market for imported granite, sandstone, and other building stone worldwide, comprising 52% of global imports. The second position in the ranking was occupied by the UK ($215M), with a 10% share of global imports. It was followed by Italy, with an 8% share.

In China, imports of granite, sandstone, and other building stone increased at an average annual rate of +4.7% over the period from 2007-2019. In other countries, the average annual rates were as follows: the UK (+3.3% per year) and Italy (-8.9% per year).

Import Prices by Country

The average import price for granite, sandstone, and other building stone stood at $143 per tonne in 2019, with a decrease of -4.2% against the previous year. Over the period under review, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2010 when the average import price increased by 8.2% year-to-year. Global import price peaked at $194 per tonne in 2008; however, from 2009 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Italy ($326 per tonne), while Maldives ($40 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform