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U.S. Wood Container and Pallet Market – the U.K. Strengthened Its Position As the Largest Market for U.S. Exports

wood

U.S. Wood Container and Pallet Market – the U.K. Strengthened Its Position As the Largest Market for U.S. Exports

IndexBox has just published a new report: ‘U.S. Wood Container and Pallet Market. Analysis And Forecast to 2025’. Here is a summary of the report’s key findings.

The revenue of the wood container and pallet market in the U.S. amounted to $10.7B in 2018, rising by 8.9% 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 +10.2% from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2014 with an increase of 20% y-o-y. Wood container and pallet consumption peaked in 2018 and is expected to retain its growth in the near future.

Production of Wood Container and Pallet in the U.S.

In value terms, wood container and pallet production stood at $10.5B in 2018. The total output value increased at an average annual rate of +9.2% from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2014 when production volume increased by 16% against the previous year. Over the period under review, wood container and pallet production attained its maximum level in 2018 and is likely to continue its growth in the immediate term.

Exports from the U.S.

In 2018, approx. 106K tonnes of wood container and pallet were exported from the U.S.; increasing by 7.7% against the previous year. In general, wood container and pallet exports continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2014 with an increase of 134% year-to-year. Exports peaked at 334K tonnes in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, wood container and pallet exports totaled $200M (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +9.7% over the period from 2013 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 2014 when exports increased by 32% against the previous year. Over the period under review, wood container and pallet exports reached their maximum at $200M in 2015; however, from 2016 to 2018, exports remained at a lower figure.

Exports by Country

The UK (48K tonnes) was the main destination for wood container and pallet exports from the U.S., accounting for a 45% share of total exports. Moreover, wood container and pallet exports to the UK exceeded the volume sent to the second major destination, Ireland (17K tonnes), threefold. Japan (14K tonnes) ranked third in terms of total exports with a 14% share.

From 2013 to 2018, the average annual growth rate of volume to the UK amounted to -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+28.6% per year) and Japan (+25.9% per year).

In value terms, the UK ($77M) remains the key foreign market for wood container and pallet exports from the U.S., comprising 38% of total wood container and pallet exports. The second position in the ranking was occupied by Ireland ($31M), with a 16% share of total exports. It was followed by Japan, with a 13% share.

From 2013 to 2018, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+33.5% per year) and Japan (+31.2% per year).

Export Prices by Country

In 2018, the average wood container and pallet export price amounted to $1,886 per tonne, rising by 1.7% against the previous year. In general, the wood container and pallet export price continues to indicate strong growth. The pace of growth appeared the most rapid in 2016 an increase of 93% against the previous year. Over the period under review, the average export prices for wood container and pallet attained their maximum in 2018 and is likely to continue its growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Spain ($2,620 per tonne), while the average price for exports to the UK ($1,617 per tonne) was amongst the lowest.

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

Imports into the U.S.

Wood container and pallet imports into the U.S. totaled 227K tonnes in 2018, picking up by 5.4% against the previous year. The total import volume increased at an average annual rate of +2.6% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 14% y-o-y. Imports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, wood container and pallet imports amounted to $376M (IndexBox estimates) in 2018. Overall, wood container and pallet imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 11% year-to-year. In that year, wood container and pallet imports reached their peak of $389M, and then declined slightly in the following year.

Imports by Country

In 2018, France (159K tonnes) constituted the largest wood container and pallet supplier to the U.S., accounting for a 70% share of total imports. Moreover, wood container and pallet imports from France exceeded the figures recorded by the second-largest supplier, China (32K tonnes), fivefold. Spain (6.2K tonnes) ranked third in terms of total imports with a 2.7% share.

From 2013 to 2018, the average annual growth rate of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.7% per year) and Spain (+57.9% per year).

In value terms, France ($218M) constituted the largest supplier of wood container and pallet to the U.S., comprising 58% of total wood container and pallet imports. The second position in the ranking was occupied by China ($105M), with a 28% share of total imports. It was followed by Brazil, with a 1% share.

From 2013 to 2018, the average annual growth rate of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.7% per year) and Brazil (+15.9% per year).

Import Prices by Country

The average wood container and pallet import price stood at $1,659 per tonne in 2018, going down by -8.2% against the previous year. In general, the wood container and pallet import price continues to indicate a measured decline. The pace of growth was the most pronounced in 2015 an increase of 18% against the previous year. In that year, the average import prices for wood container and pallet reached their peak level of $2,097 per tonne. From 2016 to 2018, the growth in terms of the average import prices for wood container and pallet remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was China ($3,254 per tonne), while the price for Spain ($388 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced a decline.

Companies Mentioned in the Report

Ifco Systems North America, Peco Pallet, Timber Creek Resource, Index Packaging, Palletone, Northwest Pallet Supply Co., Kamps, The Pallet Factory Inc, Atlas Global Solutions, Buckeye Diamond Logistics, Southwest Forest Products, Independent Stave Company, Elberta Crate & Box Co., Edwards Wood Products, American Fibertech Corporation, Hinton Lumber Products, Wisconsin Box Company, Nefab Packaging, Madison County Wood Products, Supply Chain Solutions, Satco, Commercial Lumber & Pallet Co., Crimstone AAA Operating Company, Wooden Pallets, Missouri Cooperage Company

Source: IndexBox AI Platform

grape

Global Dried Grapes Market 2019 – the UK is the Leading Import Market

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

The global dried grapes market revenue amounted to $6B in 2018, going down 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). The market value increased at an average annual rate of +3.3% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 when the market value increased by 15% y-o-y. The global dried grapes consumption peaked at $6.7B in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Consumption By Country

China (512K tonnes) constituted the country with the largest volume of dried grapes consumption, comprising approx. 18% of total consumption. Moreover, dried grapes consumption in China exceeded the figures recorded by the world’s second-largest consumer, India (208K tonnes), twofold. The U.S. (160K tonnes) ranked third in terms of total consumption with a 5.6% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in China stood at +6.6%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+8.1% per year) and the U.S. (-5.4% per year).

In value terms, China ($896M), the U.S. ($454M) and India ($444M) were the countries with the highest levels of market value in 2018, with a combined 30% share of the global market.

The countries with the highest levels of dried grapes per capita consumption in 2018 were the UK (1,470 kg per 1000 persons), Germany (831 kg per 1000 persons) and Japan (825 kg per 1000 persons).

From 2007 to 2018, the most notable rate of growth in terms of dried grapes per capita consumption, amongst the main consuming countries, was attained by India, while the other global leaders experienced more modest paces of growth.

Market Forecast 2019-2025

Driven by increasing demand for dried grapes worldwide, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.1% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 3M tonnes by the end of 2025.

Production 2007-2018

In 2018, approx. 2.9M tonnes of dried grapes were produced worldwide; lowering by -5.8% against the previous year. Over the period under review, dried grapes production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when production volume increased by 8.7% y-o-y. The global dried grapes production peaked at 3.2M tonnes in 2016; however, from 2017 to 2018, production remained at a lower figure.

In value terms, dried grapes production stood at $7.1B in 2018 estimated in export prices. The total output value increased at an average annual rate of +3.5% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2013 when production volume increased by 12% against the previous year. The global dried grapes production peaked at $7.3B in 2016; however, from 2017 to 2018, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of dried grapes production in 2018 were China (516K tonnes), Turkey (285K tonnes) and India (230K tonnes), with a combined 36% share of global production.

From 2007 to 2018, the most notable rate of growth in terms of dried grapes production, amongst the main producing countries, was attained by India, while the other global leaders experienced more modest paces of growth.

Exports 2007-2018

In 2018, the amount of dried grapes exported worldwide amounted to 773K tonnes, falling by -4.7% against the previous year. Over the period under review, dried grapes exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when exports increased by 3.5% y-o-y. Over the period under review, global dried grapes exports attained their maximum at 848K tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, dried grapes exports amounted to $1.7B (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +3.6% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2010 with an increase of 30% year-to-year. Over the period under review, global dried grapes exports reached their peak figure at $2B in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the key exporter of dried grapes in the world, with the volume of exports reaching 279K tonnes, which was near 36% of total exports in 2018. The U.S. (85K tonnes) occupied the second position in the ranking, followed by Chile (63K tonnes), South Africa (61K tonnes), Uzbekistan (43K tonnes), Iran (42K tonnes) and Argentina (41K tonnes). All these countries together took approx. 43% share of total exports. Afghanistan (26K tonnes), India (23K tonnes), Greece (17K tonnes), China (17K tonnes) and the Netherlands (13K tonnes) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +1.4% from 2007 to 2018. At the same time, Afghanistan (+4.7%), South Africa (+3.7%), India (+3.6%), Argentina (+3.3%) and Uzbekistan (+3.1%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing exporter in the world, with a CAGR of +4.7% from 2007-2018. The Netherlands and Chile experienced a relatively flat trend pattern. By contrast, Greece (-2.8%), the U.S. (-3.2%), China (-3.6%) and Iran (-11.4%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Turkey, South Africa, Argentina and Uzbekistan increased by +5%, +2.6%, +1.6% and +1.6% percentage points, while the U.S. (-4.7 p.p.) and Iran (-15.2 p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($490M), the U.S. ($284M) and Chile ($156M) were the countries with the highest levels of exports in 2018, with a combined 56% share of global exports. These countries were followed by South Africa, Afghanistan, Argentina, Iran, Uzbekistan, Greece, India, the Netherlands and China, which together accounted for a further 36%.

Afghanistan recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average dried grapes export price amounted to $2,145 per tonne, increasing by 17% against the previous year. In general, the export price indicated a resilient increase from 2007 to 2018: its price increased at an average annual rate of +4.5% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 an increase of 26% year-to-year. Over the period under review, the average export prices for dried grapes attained their maximum at $2,351 per tonne in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Afghanistan ($3,794 per tonne), while Uzbekistan ($1,236 per tonne) was amongst the lowest.

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

Imports 2007-2018

Global imports stood at 744K tonnes in 2018, declining by -5.9% against the previous year. Overall, dried grapes imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of 8.2% against the previous year. The global imports peaked at 851K tonnes in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, dried grapes imports stood at $1.6B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +3.2% over the period from 2007 to 2018; 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 27% y-o-y. The global imports peaked at $1.8B in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The UK (99K tonnes), Germany (77K tonnes) and the Netherlands (55K tonnes) represented roughly 31% of total imports of dried grapes in 2018. It was distantly followed by Japan (35K tonnes), mixing up a 4.8% share of total imports. Kazakhstan (29K tonnes), France (26K tonnes), Brazil (26K tonnes), Russia (24K tonnes), Canada (24K tonnes), Belgium (22K tonnes), Italy (21K tonnes) and Australia (18K tonnes) followed a long way behind the leaders.

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

In value terms, the largest dried grapes importing markets worldwide were the UK ($199M), Germany ($163M) and Japan ($116M), together accounting for 31% of global imports. The Netherlands, Canada, France, Brazil, Italy, Russia, Australia, Belgium and Kazakhstan lagged somewhat behind, together comprising a further 29%.

In terms of the main importing countries, Kazakhstan recorded the highest growth rate of imports, over the last eleven-year period, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average dried grapes import price stood at $2,094 per tonne in 2018, growing by 15% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2008 when the average import price increased by 23% y-o-y. The global import price peaked at $2,390 per tonne in 2012; however, from 2013 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 Japan ($3,274 per tonne), while Kazakhstan ($592 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

Russia

U.S. HITS RUSSIA & VENEZUELA WITH TOUGHER SANCTIONS

The Trump Administration on Aug. 2 imposed a second round of sanctions on Russia in response to Moscow’s 2018 use of chemical weapons in the United Kingdom to poison a former Russian spy. Three days later, the White House intensified pressure on the administration of Nicolás Maduro by imposing broad economic sanctions against the Government of Venezuela, a move that could escalate existing tensions with China and … wait for it … Russia!

So much for collusion.

For the seed that planted the intensified economic pressure on the Kremlin, you have to go back to March 2018, when former Russian double agent Sergei Skripal (a British national) and his daughter were poisoned with Novichok, a military-grade nerve agent developed in the Soviet Union, at their home in Salisbury, England. 

The UK determined that the Russian government was responsible for the attacks and, in response, the U.S. expelled Russian officials, closed the Russian consulate in Seattle and, in August 2018, announced sanctions that impacted arms sales and foreign assistance to Russia. The second round of sanctions concern restricted export licensing and loans and other financial assistance from U.S. banks and international financial institutions to Russia. 

As was the case with Russia, the Venezuela sanctions came as a result of a late-night Executive Order by President Donald Trump, who blocked all property, and interests in property, of the South American country’s government that are within the jurisdiction of the U.S. The Secretary of the Treasury is also authorized to impose secondary sanctions on non-U.S. persons who materially support or provide goods or services to the Venezuelan government. 

Trump’s order accuses the Maduro regime of “human rights abuses,” “interference with freedom of expression” and “ongoing attempts to undermine Interim President Juan Guaidó and the Venezuelan National Assembly’s exercise of legitimate authority in Venezuela.”

Illinois-Based Lifeway Foods Enters Canadian Market

Morton Grove, IL – Lifeway Foods Inc. has expanded its flagship line of probiotic kefir into Canada, where the cultured dairy beverage is now debuting in more than 1,000 stores across the country.

The company’s entry into the Canadian market marks the company’s second international expansion in 14 months, following the 2013 introduction of its frozen kefir products in the UK.

Lifeway the largest kefir manufacturer in the US with a commanding market share and a 20 percent + annual growth rate. The company said that the move into Canada and the UK “are the first steps in a plan to duplicate our success in the US in other markets around the world.”

According to the latest analysis by Transparency Market Research, global sales of probiotic products will jump from $11.6 billion in 2012 to $15.9 billion in 2019.

Probiotic dairy products accounted for almost 80 percent of all probiotic foodstuffs in 2011 and are expected to continue to command the highest market share, the analysis said.

08/01/2014

UK Joins US, China as Top Global Tech Markets

Santa Clara, CA – Technology industry leaders are most bullish on revenue growth in the US, China, and the United Kingdom, according to the results of the annual Technology Business Outlook survey of US-based technology executives conducted by business consultancy KPMG LLP.

The UK ranking is one of the biggest surprises in this year’s survey with 42 percent of the technology leaders projecting that market as their first, second or third highest revenue growth rate for their companies in the next 12 to 24 months, compared to only 18 percent in last year’s survey.

The US remains the No. 1 market, selected among the top three by 81 percent of the respondents – higher than results in the prior three annual surveys – followed by China at 47 percent. The executives were each asked to select their top three markets.

“The jump by the UK is the result of strong economic recovery in the country combined with the effects of tax incentives which have encouraged investment in the tech sector,” said Tudor Aw, head of KPMG Technology Europe.

The findings, he said, “reflect KPMG’s most recent local technology report showing UK tech sector business activity growth at its highest for almost 10 years supported by steep rises in incoming new work and the lowest rate of cost inflation for over four years.”

Interest in Brazil, Mexico and South Korea Declines

Unlike a year ago when Brazil, Mexico, and South Korea appeared on the rise, fewer survey respondents see those three countries as their biggest revenue and employment growth markets.

Brazil’s position as a revenue growth market declined 10 percentage points to 23 percent and as an employment growth market 5 percentage points to 21 percent.

Tech executives’ expectations for their company’s revenue growth in South Korea declined from 14 percent in 2013 to 7 percent in this year’s survey, and for employment growth it slipped two percentage points to 10 percent.

The outlook for Mexico dipped six percentage points to 9 percent for revenue growth, and fell six percentage points to 15 percent for employment growth.

Technology executives believe the US, India, and China will be the leading markets for tech employment growth between now and 2016.

Other countries with higher tech company expectations for employment growth are Canada, at 30 percent up from 23 percent, the UK 28 percent up from 21 percent, and Germany 15 percent up from 7 percent.

Offshoring Outgaining Onshoring

While 58 percent of those surveyed don’t plan to make any changes in how they deploy their manufacturing in the next two years, 24 percent are either moving more manufacturing offshore or incrementally adding new offshore manufacturing.

Eleven percent are either moving manufacturing back or adding new manufacturing operations in the US.

At the same time, 61 percent of the technology executives say their companies are not planning to re-shore non-manufacturing functions. Sixteen percent say they will, and 23 percent say maybe.

The KPMG survey was conducted in the US in March among executives from companies based in the US and overseas with 74 percent represent companies with revenues of $1 billion or more and 26 percent represent companies with revenues in the $100 million to less than $1 billion range.

06/11/2014