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EU’s Wood Furniture Polish and Cream Market Totaled $141M

furniture

EU’s Wood Furniture Polish and Cream Market Totaled $141M

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

The revenue of the wooden furniture treatments market in the European Union amounted to $141M in 2018, rising by 7.1% 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).

Consumption By Country in the EU

The countries with the highest volumes of wooden furniture treatments consumption in 2018 were the UK (19K tonnes), France (11K tonnes) and Italy (10K tonnes), together comprising 56% of total consumption.

From 2014 to 2018, the most notable rate of growth in terms of wooden furniture treatments consumption, amongst the main consuming countries, was attained by France, while wooden furniture treatments consumption for the other leaders experienced more modest paces of growth.

Exports in the EU

The exports stood at 36K tonnes in 2018, leveling off at the previous year. In value terms, wooden furniture treatments exports stood at $86M (IndexBox estimates) in 2018. In general, wooden furniture treatments exports, however, continue to shrink steadily.

Exports by Country

In 2018, Italy (11K tonnes) and the Netherlands (9.6K tonnes) represented the largest exporters of polishes and creams for wooden furniture and floors in the European Union, together resulting at near 57% of total exports. Germany (2.5K tonnes) held a 6.9% share (based on tonnes) of total exports, which put it in second place, followed by Hungary (5.6%) and Belgium (5%). The UK (1.5K tonnes), Denmark (1.3K tonnes), Spain (1.1K tonnes), France (1K tonnes), Portugal (0.9K tonnes), Poland (0.7K tonnes) and the Czech Republic (0.7K tonnes) took a relatively small share of total exports.

From 2014 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Portugal, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden furniture treatments supplying countries in the European Union were the Netherlands ($17M), Italy ($12M) and Germany ($11M), with a combined 47% share of total exports. These countries were followed by Denmark, Belgium, the UK, France, Spain, Portugal, Poland, Hungary and the Czech Republic, which together accounted for a further 44%.

In terms of the main exporting countries, Portugal recorded the highest rates of growth with regard to the value of exports, over the period under review, while exports for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The wooden furniture treatments export price in the European Union stood at $2,367 per tonne in 2018, remaining constant against the previous year. Over the period from 2014 to 2018, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2017 when the export price increased by 19% y-o-y. Over the period under review, the export prices for polishes and creams for wooden furniture and floors reached their maximum in 2018 and is likely to continue its growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Denmark ($6,709 per tonne), while Hungary ($929 per tonne) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

silicates

Global Silicates Market – the Import Value Almost Doubled in the Past Five Years Due to Price Increases

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

The global double or complex silicates market revenue amounted to $1.9B in 2018, approximately reflecting the previous year. he market value increased at an average annual rate of +4.1% from 2014 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The growth pace was the most rapid in 2017 when the market value increased by 9.8% y-o-y. Over the period under review, the global double or complex silicates market reached its maximum level in 2018 and is likely to see gradual growth in the near future.

Global Silicates Imports 2014-2018

Global imports totaled 404K tonnes in 2018, picking up by 4.2% against the previous year. The total import volume increased at an average annual rate of +2.6% from 2014 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The pace of growth was the most pronounced in 2015 with an increase of 11% year-to-year. The global imports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, double or complex silicates imports amounted to $843M (IndexBox estimates) in 2018. Over the period under review, the total imports indicated a strong expansion from 2014 to 2018: its value increased at an average annual rate of +2.6% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, double or complex silicates imports increased by +78.7% against 2014 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 38% year-to-year. Over the period under review, global double or complex silicates imports hit record highs in 2018 and are likely to see gradual growth in years to come.

Imports by Country

Germany (47K tonnes), the U.S. (38K tonnes) and Japan (31K tonnes) represented roughly 29% of total imports of double or complex silicates in 2018. France (20K tonnes) held the next position in the ranking, followed by the Netherlands (20K tonnes). All these countries together held near 9.8% share of total imports. The following importers – Indonesia (17K tonnes), the UK (17K tonnes), Poland (16K tonnes), Austria (16K tonnes), China (13K tonnes), Peru (12K tonnes) and Italy (10K tonnes) – together made up 25% of total imports.

From 2014 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the U.S. (+83.6% per year), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest double or complex silicates importing markets worldwide were Germany ($143M), the Netherlands ($103M) and the U.S. ($90M), with a combined 40% share of global imports. France, Poland, the UK, Japan, China, Italy, Indonesia, Austria and Peru lagged somewhat behind, together comprising a further 35%.

Import Prices by Country

In 2018, the average double or complex silicates import price amounted to $2,084 per tonne, rising by 4.2% against the previous year. Over the period under review, the import price indicated a remarkable expansion from 2014 to 2018: its price increased at an average annual rate of +12.7% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, double or complex silicates import price increased by +61.0% against 2014 indices. The growth pace was the most rapid in 2017 an increase of 25% against the previous year. The global import price peaked in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($5,276 per tonne), while Peru ($569 per tonne) was amongst the lowest.

From 2014 to 2018, 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

global deodorant

Global Deodorants and Antiperspirants Market Rose 6.6 Percent to $10.6B, Fueled by Rising Demand in Emerging Economies

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

The global deodorants and antiperspirants market size totaled $10.6B in 2018, increasing by 6.6% 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 2009 to 2018. In that year, the global personal anti-perspirants market attained its peak level and is likely to continue its growth in the immediate term.

Global Trade of  Deodorants and Antiperspirants 2009-2018

In 2018, the amount of personal deodorants and antiperspirants exported worldwide stood at 525K tonnes, remaining stable against the previous year.

In value terms, global exports reached $3.5B (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +2.7% from 2009 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2011 when exports increased by 14% y-o-y. Over the period under review, global personal anti-perspirants exports attained their maximum at $3.9B in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

In value terms, the UK ($469M), Germany ($448M) and the U.S. ($270M) appeared to be the countries with the highest levels of exports in 2018, with a combined 34% share of global exports. France, the Netherlands, Poland, Mexico, Italy, Spain, the United Arab Emirates, Argentina and Turkey lagged somewhat behind, together accounting for a further 35%.

The United Arab Emirates experienced the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while exports for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average personal anti-perspirants export price amounted to $6,682 per tonne, picking up by 3.5% against the previous year. Over the period under review, the personal anti-perspirants export price, however, continues to indicate a mild reduction. Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($13,312 per tonne), while Turkey ($3,897 per tonne) was amongst the lowest.

From 2009 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Imports by Country

The imports of the twelve major importers of personal deodorants and anti-perspirants, namely the Netherlands, Germany, the UK, France, the U.S., Spain, Belgium, Poland, the United Arab Emirates, Brazil, Canada and Italy, represented more than third of total import.

From 2009 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Netherlands, while imports for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average personal deodorants and anti-perspirants import price amounted to $6,859 per tonne, surging by 4.2% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Canada ($8,574 per tonne), while France ($5,576 per tonne) was amongst the lowest.

From 2009 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

fish

EU Dried and Smoked Fish Market is Driven by Rising Demand in Germany

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

In 2018, the value of the dried and smoked fish market in the European Union contracted slightly to $5.8B.

The countries with the highest volumes of dried or smoked fish consumption in 2018 were Portugal (87K tonnes), Germany (71K tonnes) and Spain (62K tonnes), with a combined 45% share of total consumption.

From 2008 to 2018, the most notable rate of growth in terms of dried or smoked fish consumption, amongst the key consuming countries, was attained by Germany, while demand from the other leaders experienced more modest paces of growth.

In value terms, France ($1.2B), the UK ($926M) and Germany ($905M) were the countries with the highest levels of the market value in 2018, with a combined 53% share.

In 2018, the highest levels of dried or smoked fish per capita consumption was registered in Portugal (8.44 kg per person), followed by Spain (1.32 kg per person), Poland (1.11 kg per person) and Italy (0.95 kg per person), while the  average per capita consumption was estimated at 1 kg per person.

Production in the EU 2008-2018

The dried or smoked fish production dropped slightly to 399K tonnes in 2018, falling by -2% compared with the previous year. Overall, dried or smoked fish production showed a decrease. The volume of dried or smoked fish production peaked at 441K tonnes in 2008; however, from 2009 to 2018, production remained at a lower figure.

Exports in the EU

In 2018, the amount of dried or smoked fish exported in the European Union amounted to 285K tonnes, standing approx. at the year before. The total export volume increased at an average annual rate of +4.7% from 2008 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of 19% against the previous year. Over the period under review, dried or smoked fish exports hit record highs at 296K tonnes in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, dried or smoked fish exports declined modestly to $3.1B (IndexBox estimates) in 2018.

Exports by Country

The shipments of the five major exporters of dried or smoked fish, namely Poland, Sweden, Denmark, the Netherlands and Germany, represented more than two-thirds of total exports. Lithuania (19K tonnes) ranks next in terms of the total exports with a 6.7% share, followed by Spain (5.9%).

From 2008 to 2018, the biggest increases were in the Netherlands, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($920M) remains the largest dried or smoked fish supplier in the European Union, comprising 29% of total dried or smoked fish exports. The second position in the ranking was occupied by Germany ($396M), with a 13% share of total exports. It was followed by Denmark, with a 11% share.

Export Prices by Country

The dried or smoked fish export price in the European Union stood at $11,046 per tonne in 2018, rising by 5.1% against the previous year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Lithuania ($16,189 per tonne), while Spain ($7,247 per tonne) was amongst the lowest.

Source: IndexBox AI Platform

buttermilk

EU Buttermilk And Buttermilk Powder Market – Germany, Belgium, and France Are the Biggest Suppliers

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

The revenue of the buttermilk and buttermilk powder market in the European Union rose remarkably to $1.8B in 2018, growing by 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).

Consumption by Country in the EU

The countries with the highest volumes of buttermilk and buttermilk powder consumption in 2018 were the UK (186K tonnes), Germany (140K tonnes) and France (134K tonnes), together comprising 30% of total consumption. Ireland, Italy, Spain, the Netherlands, Poland, Belgium, Romania, Austria and Finland lagged somewhat behind, together comprising a further 50%.

From 2013 to 2018, the biggest increases were in Poland, while buttermilk and buttermilk powder consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest buttermilk and buttermilk powder markets in the European Union were the UK ($273M), Italy ($177M) and Spain ($152M), together accounting for 34% of the total market. These countries were followed by the Netherlands, Germany, Ireland, Belgium, Poland, Romania, Austria, Finland and France, which together accounted for a further 48%.

In 2018, the highest levels of buttermilk and buttermilk powder per capita consumption was registered in Ireland (25 kg per person), followed by Finland (8.44 kg per person), Belgium (6 kg per person) and the Netherlands (5.89 kg per person), while the world average per capita consumption of buttermilk and buttermilk powder was estimated at 3 kg per person.

Exports in the EU

EU’s exports shrank slightly to 898K tonnes in 2018, which is down by -1.7% compared with the previous year. Overall, buttermilk and buttermilk powder exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 3.6% y-o-y. In that year, buttermilk and buttermilk powder exports attained their peak of 931K tonnes. From 2017 to 2018, the growth of buttermilk and buttermilk powder exports failed to regain its momentum.

In value terms, buttermilk and buttermilk powder exports declined to $1.3B (IndexBox estimates) in 2018.

Exports by Country

The shipments of the three major exporters of buttermilk and buttermilk powder, namely Germany, Belgium and France, represented more than half of total export. Poland (59K tonnes) ranks next in terms of the total exports with a 6.6% share, followed by Spain (5.1%). Austria (28K tonnes), the UK (26K tonnes), the Netherlands (22K tonnes), the Czech Republic (22K tonnes), Ireland (17K tonnes) and Luxembourg (16K tonnes) followed a long way behind the leaders.

From 2013 to 2018, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Austria, while exports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($332M), France ($298M) and Belgium ($221M) were the countries with the highest levels of exports in 2018, with a combined 66% share of total exports. These countries were followed by Poland, Spain, the Netherlands, the UK, Austria, Ireland, the Czech Republic and Luxembourg, which together accounted for a further 24%.

Among the main exporting countries, Austria saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the buttermilk and buttermilk powder export price in the European Union amounted to $1,438 per tonne, going up by 5.5% against the previous year. Overall, the buttermilk and buttermilk powder export price, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2017 an increase of 6.2% against the previous year. The level of export price peaked at $1,720 per tonne in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the Netherlands ($1,960 per tonne), while the Czech Republic ($712 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Luxembourg, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

wooden

Global Wooden Frame Market – U.S. ($330M) Is the Largest Market for Imports, with a 37% Share

IndexBox has just published a new report: ‘World – Wooden Frames For Paintings, Photographs, Mirrors Or Similar Objects – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The global wooden frame market is estimated at $5.2B in 2018, an increase of 5.4% against the previous year.

Global Wooden Frame Imports 2014-2018

In 2018, approx. 234M units of wooden frames for paintings, photographs, mirrors or similar objects were imported worldwide; waning by -2.3% against the previous year. Over the period under review, wooden frame imports continue to indicate a moderate drop. The global imports peaked at 262M units in 2014; however, from 2015 to 2018, imports remained at a lower figure.

In value terms, wooden frame imports amounted to $889M (IndexBox estimates) in 2018. Overall, wooden frame imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 10% year-to-year. Over the period under review, global wooden frame imports reached their maximum at $915M in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

The U.S. represented the key importer of wooden frames for paintings, photographs, mirrors or similar objects in the world, with the volume of supplies accounting for 80M units, which was near 34% of total imports in 2018. The UK (22M units) held a 9.6% share (based on tonnes) of total imports, which put it in second place, followed by Germany (9.3%) and Australia (5%). The following importers – France (8.5M units), Canada (8.1M units), Japan (7.5M units), the Netherlands (7.5M units), Spain (6.8M units), Belgium (6.5M units), Italy (5.4M units) and Sweden (5.2M units) – together made up 24% of total imports.

From 2014 to 2018, average annual rates of growth with regard to wooden frame imports into the U.S. stood at -3.4%. At the same time, Australia (+11.7%), the Netherlands (+3.9%), the UK (+2.1%) and Spain (+1.8%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer imported in the world, with a CAGR of +11.7% from 2014-2018. By contrast, Canada (-1.4%), Sweden (-2.5%), France (-4.5%), Italy (-4.7%), Germany (-4.7%), Belgium (-6.5%) and Japan (-10.4%) illustrated a downward trend over the same period. Australia (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while Japan, Germany and the U.S. saw its share reduced by -1.8%, -2% and -5.1% from 2014 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($330M) constitutes the largest market for imported wooden frames for paintings, photographs, mirrors or similar objects worldwide, comprising 37% of global imports. The second position in the ranking was occupied by Germany ($87M), with a 9.8% share of global imports. It was followed by the UK, with a 7.1% share.

Import Prices by Country

The average wooden frame import price stood at $3.8 per unit in 2018, going up by 13% against the previous year. Over the period from 2014 to 2018, it increased at an average annual rate of +2.2%.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($4.7 per unit), while Australia ($2.3 per unit) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

chicken meat

Africa’s Chicken Meat Market to Reach 11M Tonnes by 2030

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

The revenue of the chicken meat market in Africa amounted to $11.4B in 2018, jumping by 6.1% 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 +1.8% over the period from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the market value increased by 8% y-o-y. Over the period under review, the chicken meat market reached its peak figure level in 2018 and is likely to see steady growth in the near future.

Consumption by Country

The countries with the highest volumes of chicken meat consumption in 2018 were South Africa (2.1M tonnes), Egypt (1.1M tonnes) and Morocco (720K tonnes), with a combined 52% share of total consumption. Angola, Algeria, Ghana, Libya, Nigeria, Malawi, Tunisia, Congo and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 27%.

From 2013 to 2018, the most notable rate of growth in terms of chicken meat consumption, amongst the main consuming countries, was attained by Malawi, while chicken meat consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest chicken meat markets in Africa were South Africa ($3.3B), Egypt ($1.8B) and Morocco ($1.1B), together accounting for 54% of the total market. Nigeria, Angola, Malawi, Libya, Ghana, Tunisia, Algeria, Democratic Republic of the Congo and Congo lagged somewhat behind, together accounting for a further 24%.

The countries with the highest levels of chicken meat per capita consumption in 2018 were Libya (39 kg per person), South Africa (36 kg per person) and Congo (23 kg per person).

Market Forecast to 2030

Driven by increasing demand for chicken meat in Africa, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.1% for the period from 2018 to 2030, which is projected to bring the market volume to 11M tonnes by the end of 2030.

Production in Africa

In 2018, the amount of chicken meat produced in Africa totaled 5.7M tonnes, surging by 4.2% against the previous year. The total output volume increased at an average annual rate of +2.4% over the period from 2013 to 2018. The general positive trend in terms of chicken meat output was largely conditioned by a moderate expansion of the number of producing animals and a relatively flat trend pattern in yield figures.

Production By Country in Africa

The countries with the highest volumes of chicken meat production in 2018 were South Africa (1.8M tonnes), Egypt (1.1M tonnes) and Morocco (720K tonnes), with a combined 62% share of total production. Algeria, Nigeria, Malawi, Tunisia, Libya, Tanzania, Sudan and Mozambique lagged somewhat behind, together accounting for a further 21%.

From 2013 to 2018, the most notable rate of growth in terms of chicken meat production, amongst the main producing countries, was attained by Malawi, while chicken meat production for the other leaders experienced more modest paces of growth.

Imports in Africa

In 2018, approx. 1.9M tonnes of chicken meat were imported in Africa; picking up by 23% against the previous year. In value terms, chicken meat imports amounted to $1.9B (IndexBox estimates) in 2018. In general, chicken meat imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 21% against the previous year. The level of imports peaked at $2B in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

Angola (432K tonnes) and South Africa (370K tonnes) represented the major importers of chicken meat in 2018, accounting for near 23% and 20% of total imports, respectively. Ghana (213K tonnes) ranks next in terms of the total imports with a 12% share, followed by Libya (6.6%), Congo (6.2%) and Democratic Republic of the Congo (5.8%). Benin (77K tonnes), Gabon (67K tonnes), Egypt (45K tonnes) and Guinea (37K tonnes) followed a long way behind the leaders.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Guinea, while imports for the other leaders experienced more modest paces of growth.

In value terms, Angola ($465M), South Africa ($372M) and Ghana ($188M) appeared to be the countries with the highest levels of imports in 2018, together accounting for 53% of total imports. Libya, Democratic Republic of the Congo, Congo, Egypt, Benin, Gabon and Guinea lagged somewhat behind, together comprising a further 31%.

Import Prices by Country

The chicken meat import price in Africa stood at $1,038 per tonne in 2018, approximately reflecting the previous year. Overall, the chicken meat import price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2017 an increase of 9.1% against the previous year. The level of import price peaked at $1,266 per tonne in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Egypt ($1,705 per tonne), while Congo ($835 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by South Africa, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

mineral wool

EU Mineral Wool Market Rose 3.5% to $2.6B

IndexBox has just published a new report: ‘EU – 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.

The revenue of the mineral wool market in the European Union rose to $2.6B in 2018, growing by 3.5% against the previous year. Overall, mineral wool consumption continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2011 when the market value increased by 11% against the previous year. The level of mineral wools consumption peaked at $2.9B in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Mineral Wool Consumption by Country

Germany (476M square meters) remains the largest mineral wool consuming country in the European Union, accounting for 21% of total volume. Moreover, mineral wool consumption in Germany exceeded the figures recorded by the second-largest consumer, France (228M square meters), twofold. The third position in this ranking was occupied by the Czech Republic (176M square meters), with a 7.8% share.

From 2008 to 2018, the average annual rate of growth in terms of volume in Germany stood at +4.2%. The remaining consuming countries recorded the following average annual rates of consumption growth: France (-1.2% per year) and the Czech Republic (-2.9% per year).

In value terms, Germany ($601M) led the market, alone. The second position in the ranking was occupied by France ($266M). It was followed by the UK.

The countries with the highest levels of mineral wool per capita consumption in 2018 were Finland (17 square meters per person), the Czech Republic (16 square meters per person) and Austria (12 square meters per person).

From 2008 to 2018, the most notable rate of growth in terms of mineral wool per capita consumption, amongst the main consuming countries, was attained by Romania, while mineral wools per capita consumption for the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, EU imports reached 1.4B square meters, with an increase of 4.2% against the previous year. The total imports indicated remarkable growth from 2008 to 2018: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, mineral wools imports increased by +42.9% against 2011 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 15% against the previous year. Over the period under review, mineral wools imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, mineral wool imports rose to $1.5B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +3.1% from 2008 to 2018.

Imports by Country

The total purchases of the twelve major importers of slag wool, rock wool and similar mineral wools and mixtures, namely Italy, Germany, France, Poland, Austria, Romania, Sweden, the Czech Republic, Belgium, Finland, the Netherlands and Estonia, represented more than two-thirds of total import.

From 2008 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Finland, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($237M), France ($165M) and Italy ($139M) appeared to be the countries with the highest levels of imports in 2018, with a combined 35% share of total imports. These countries were followed by Poland, Austria, Belgium, Sweden, the Czech Republic, Romania, Finland, the Netherlands and Estonia, which together accounted for a further 41%.

In terms of the main importing countries, Finland experienced the highest rates of growth with regard to the value of imports, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The mineral wool import price in the European Union stood at $1.1 per square meter in 2018, surging by 10% against the previous year. Overall, the mineral wools import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the import price increased by 10% year-to-year. In that year, the import prices for slag wool, rock wool and similar mineral wools and mixtures reached their peak level of $1.2 per square meter. From 2012 to 2018, the growth in terms of the import prices for slag wool, rock wool and similar mineral wools and mixtures failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Belgium ($1.4 per square meter), while Austria ($0.8 per square meter) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

polycarboxylic acid

Global Polycarboxylic Acid Market Rose 3.5% to $42.8B

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

The global polycarboxylic acid market revenue amounted to $42.8B in 2018, rising by 3.5% 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). Overall, the global polycarboxylic acid consumption peaked at $45.5B in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Global Polycarboxylic Acid Trade 2014-2018

In 2018, the global polycarboxylic acid exports amounted to 13M tonnes, surging by 9.1% against the previous year. The total export volume increased at an average annual rate of +1.1% from 2014 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 9.1% y-o-y. In that year, global polycarboxylic acid exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, polycarboxylic acid exports totaled $15B (IndexBox estimates) in 2018. Over the period under review, global polycarboxylic acid exports reached their peak figure at $16.1B in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, South Korea (2.9M tonnes), distantly followed by China (1.5M tonnes), Taiwan (1.4M tonnes), Thailand (1M tonnes), Belgium (1M tonnes) and Mexico (0.7M tonnes) represented the key exporters of polycarboxylic acids, together making up 66% of total exports. The following exporters – Canada (494K tonnes), the Netherlands (493K tonnes), Poland (381K tonnes), India (361K tonnes), Spain (351K tonnes) and Germany (312K tonnes) – accounted for 19% of world exports.

From 2014 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid supplying countries worldwide were South Korea ($3B), China ($2.1B) and Taiwan, Chinese ($1.4B), with a combined 43% share of global exports. These countries were followed by Belgium, Thailand, the Netherlands, Mexico, Canada, Germany, Spain, India and Poland, which together accounted for a further 35%.

Export Prices by Country

In 2018, the average polycarboxylic acid export price amounted to $1,165 per tonne, surging by 2.4% against the previous year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($1,443 per tonne), while Mexico ($761 per tonne) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other global leaders experienced a decline in the export price figures.

Source: IndexBox AI Platform

india trade

U.S.-INDIA TRADE TIES CONTINUE TO DEFY GRAVITY

Despite economic headwinds and each country’s zero-sum approach towards trade, India is firmly among the United States’ ten largest goods trade partners. And it’s a fair bet that the best years for U.S.-India economic cooperation lie ahead.

Sometime within the next two decades, India is likely to become the world’s third-largest economy. Within the next five years, India will surpass China to become the world’s most populous nation and a key global market. Thus, it is no surprise that India is already among the world’s most attractive markets for foreign investment.

U.S.-India Trade in Numbers

Presently, India is the United States’ ninth-largest goods trade partner and has the potential to be U.S. seventh largest goods trade partner in the next decade. In March 2019, bilateral goods trade crossed the $90 billion mark for the first time during any 12-month period. From India’s perspective, the trade relationship is even more important. In 2018-2019, the United States replaced China as India’s top goods trade partner, a position it had lost over a decade earlier. India’s goods trade surplus with the United States in fiscal year 2018-19 was $16.9 billion, more than double the surplus with the next highest trade partner, Bangladesh.

However, this positive story hides a difficult truth — trade did not grow evenly between the first half and second half of the calendar year. Bilateral trade grew 5.2 percent over the full year but contracted over the last six months of 2019 by nearly eight percent. The U.S. goods trade deficit with India widened during the year, from $18.5 billion in 2018 to $23.2 billion in 2019. While that number obviously pales in comparison to the $346 billion goods trade deficit with China or the $100 billion deficit with Mexico, it is the 11th-largest deficit with any U.S. trade partner.

US-India goods trade up

Caught in Global Headwinds

Globally, economic growth remains relatively depressed – even prior to COVID-19. The International Monetary Fund dropped its prediction of India’s economic growth by nearly a full point between July and October 2019 to 6.1 percent. Moody’s had downgraded India’s outlook to negative, “partly reflecting lower government and policy effectiveness at addressing long-standing economic and institutional weaknesses.”

COVID-19 has plunged the Indian economy to 1.9 percent growth this year, though with a forecasted recovery of 7.4 percent growth. Some of the drop in growth and trade over the second half of this year are outside the control of either nation, but the imposition of trade barriers can be controlled, particularly as Prime Minister Modi wishes to attract more foreign direct investment to boost post-COVID-19 recovery.

The government of Prime Minister Narendra Modi came to office in May 2014 for its first five-year term. The government quickly moved on significant reforms, touching on taxation, legal, foreign investment liberalization, and other key investment impediments. However, since its re-election in May 2019, the Modi government has been much less aggressive in pursuing economic reforms while also considering restrictions in areas like data flows and e-commerce that can seriously undermine investor confidence in India.

Similarities Causing Friction

Trade deficits continue to occupy an important place in policymaking in Washington and New Delhi. Both nations’ leaders approach trade as more of a zero-sum proposition and are deeply concerned about protecting — and growing — domestic manufacturing. The worry about a widening trade deficit has often sparked protectionist tendencies from both sides.

In the recent past, Prime Minister Modi has adopted local content mandates in sectors with high levels of imports, raised customs duties in sectors he seeks to protect, adopted price controls on pharmaceuticals and medical devices as well as on credit card fees and airline tickets, and imposed limitations on foreign direct investments in sectors including e-commerce. For its part, the United States included India as part of new tariffs on steel and aluminum, revoked India’s trade benefits under the Generalized System of Preferences (GSP) program and threatened further actions, including placing new limits on technology worker visas.

FDI in India up

Rebounding into a Stronger Relationship

Trade was beginning to slow prior to COVID-19 and the economic effects of the pandemic are yet to be fully realized as the future remains uncertain. But U.S.-India relations have shown surprising resilience and improvements in the face of serious speed bumps.

How policymakers respond to these challenges – whether they choose to erect trade barriers or continue to liberalize – will determine whether both countries can use the opportunity to rebound into a stronger commercial relationship or whether each will retreat, potentially hampering long-term recovery.

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Rossow

Richard M. Rossow is the Wadhwani Chair in US-India Policy Studies at The Center for Strategic and International Studies (CSIS) in Washington DC.

This article originally appeared on TradeVistas.org. Republished with permission.