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U.S. Concentrated Orange Juice Import Slumps to $48M in April 2023

april
Global Trade Daily, United states news

U.S. Concentrated Orange Juice Import Slumps to $48M in April 2023

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U.S. Concentrated Orange Juice Imports

In April 2023, supplies from abroad of concentrated orange juice decreased by -61.3% to 16K tons for the first time since January 2023, thus ending a two-month rising trend. In general, imports showed a deep setback. The most prominent rate of growth was recorded in December 2022 when imports increased by 206% against the previous month.

In value terms, concentrated orange juice imports declined rapidly to $48M (IndexBox estimates) in April 2023. Over the period under review, imports showed a perceptible reduction. The pace of growth appeared the most rapid in October 2022 with an increase of 130% m-o-m.

Imports by Country

In April 2023, Mexico (9.2K tons) constituted the largest supplier of concentrated orange juice to the United States, with a 56% share of total imports. Moreover, concentrated orange juice imports from Mexico exceeded the figures recorded by the second-largest supplier, Costa Rica (4.1K tons), twofold.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from Mexico amounted to -8.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Costa Rica (-2.3% per month) and Brazil (+12.0% per month).

In value terms, Mexico ($29M) constituted the largest supplier of concentrated orange juice to the United States, comprising 61% of total imports. The second position in the ranking was held by Costa Rica ($11M), with a 23% share of total imports.

From April 2022 to April 2023, the average monthly growth rate of value from Mexico amounted to -5.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Costa Rica (+0.9% per month) and Brazil (+11.3% per month).

Import Prices by Country

In April 2023, the concentrated orange juice price amounted to $2,920 per ton (CIF, US), surging by 18% against the previous month. Overall, the import price showed a pronounced increase. The growth pace was the most rapid in July 2022 when the average import price increased by 117% month-to-month. As a result, import price attained the peak level of $4,563 per ton. From August 2022 to April 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In April 2023, the country with the highest price was Mexico ($3,139 per ton), while the price for Brazil ($2,507 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Costa Rica (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform 

Global Trade Daily, News, United states news

 U.S. Video Projector Import Rises Remarkably to $101M in March 2023

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 U.S. Video Projector Imports

In March 2023, the amount of video projectors imported into the United States soared to 102K units, increasing by 27% on February 2023 figures. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when imports increased by 72% against the previous month. Over the period under review, imports hit record highs at 163K units in September 2022; however, from October 2022 to March 2023, imports failed to regain momentum.

In value terms, video projector imports soared to $101M (IndexBox estimates) in March 2023. Over the period under review, total imports indicated a pronounced expansion from March 2022 to March 2023: its value increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, imports increased by +30.9% against February 2023 indices. The most prominent rate of growth was recorded in July 2022 with an increase of 43% month-to-month. Over the period under review, imports hit record highs at 121M units in September 2022; however, from October 2022 to March 2023, imports stood at a somewhat lower figure.

Imports by Country

China (55K units), the Philippines (42K units) and Vietnam (1.7K units) were the main suppliers of video projector imports to the United States, with a combined 96% share of total imports.

From March 2022 to March 2023, the biggest increases were in the Philippines (with a CAGR of +4.9%), while purchases for the other leaders experienced a decline.

In value terms, the Philippines ($39M), China ($32M) and Vietnam ($4.8M) appeared to be the largest video projector suppliers to the United States, with a combined 75% share of total imports.

In terms of the main suppliers, the Philippines, with a CAGR of +10.2%, recorded 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 March 2023, the video projector price amounted to $997 per unit (CIF, US), picking up by 3% against the previous month. Overall, import price indicated a pronounced increase from March 2022 to March 2023: its price increased at an average monthly rate of +3.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, video projector import price decreased by -8.8% against December 2022 indices. The pace of growth was the most pronounced in November 2022 an increase of 43% against the previous month. The import price peaked at $1,093 per unit in December 2022; however, from January 2023 to March 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Vietnam ($2,798 per unit), while the price for China ($595 per unit) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the Philippines (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

gloves
Global Trade Daily, United states news

Gloves Import in United States Bottoms at $16M in March 2023

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U.S. Gloves Imports

In March 2023, gloves imports into the United States declined dramatically to 6.6M pairs, with a decrease of -18.2% against February 2023. Overall, imports showed a abrupt decrease. The growth pace was the most rapid in May 2022 when imports increased by 28% month-to-month. Over the period under review, imports hit record highs at 19M pairs in August 2022; however, from September 2022 to March 2023, imports remained at a lower figure.

In value terms, gloves imports fell to $16M (IndexBox estimates) in March 2023. In general, imports showed a deep contraction. The pace of growth was the most pronounced in August 2022 with an increase of 46% month-to-month. As a result, imports attained the peak of $62M. From September 2022 to March 2023, the growth of imports failed to regain momentum.

Imports by Country

China (2.5M pairs), Pakistan (1.9M pairs) and Vietnam (655K pairs) were the main suppliers of gloves imports to the United States, with a combined 76% share of total imports. These countries were followed by Indonesia, Bangladesh, Cambodia and the Philippines, which together accounted for a further 20%.

From March 2022 to March 2023, the biggest increases were in Bangladesh (with a CAGR of +1.6%), while purchases for the other leaders experienced a decline.

In value terms, the largest gloves suppliers to the United States were China ($4.9M), Vietnam ($3.8M) and Pakistan ($2.5M), with a combined 72% share of total imports. These countries were followed by Indonesia, Cambodia, Bangladesh and the Philippines, which together accounted for a further 21%.

Among the main suppliers, Bangladesh, with a CAGR of +0.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In March 2023, the gloves price stood at $2.4 per pair (CIF, US), increasing by 8.4% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 18% against the previous month. Over the period under review, average import prices attained the maximum at $3.3 per pair in September 2022; however, from October 2022 to March 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($5.9 per pair), while the price for Bangladesh ($691 per thousand pairs) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform 

imports
Global Trade Daily

U.S. Umbrella Import Plummets 18% to $55M in March 2023

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 U.S. Umbrella Imports

In March 2023, after two months of growth, there was significant decline in supplies from abroad of umbrellas, when their volume decreased by -7.7% to 12M units. Over the period under review, total imports indicated mild growth from March 2022 to March 2023: its volume increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, imports increased by +38.2% against December 2022 indices. The pace of growth appeared the most rapid in April 2022 with an increase of 77% m-o-m. As a result, imports attained the peak of 18M units. From May 2022 to March 2023, the growth of imports remained at a somewhat lower figure.

In value terms, umbrella imports fell significantly to $55M (IndexBox estimates) in March 2023. In general, imports recorded a perceptible setback. The growth pace was the most rapid in December 2022 with an increase of 28% against the previous month. Imports peaked at 89M units in April 2022; however, from May 2022 to March 2023, imports remained at a lower figure.

Imports by Country

In March 2023, China (12M units) was the main umbrella supplier to the United States, accounting for a 98% share of total imports. It was followed by Cambodia (120K units), with a 1% share of total imports.

From March 2022 to March 2023, the average monthly rate of growth in terms of volume from China stood at +1.3%.

In value terms, China ($52M) constituted the largest supplier of umbrella to the United States, comprising 95% of total imports. The second position in the ranking was taken by Cambodia ($1.4M), with a 2.5% share of total imports.

From March 2022 to March 2023, the average monthly rate of growth in terms of value from China stood at -3.5%.

Imports by Type

In March 2023, umbrellas having a telescopic shaft (excluding garden umbrellas) (7.6M units) constituted the largest type of umbrella supplied to the United States, accounting for a 65% share of total imports. Moreover, umbrellas having a telescopic shaft (excluding garden umbrellas) exceeded the figures recorded for the second-largest type, garden or similar umbrellas (2.4M units), threefold.

From March 2022 to March 2023, the average monthly growth rate of the volume of import of umbrellas having a telescopic shaft (excluding garden umbrellas) stood at +4.8%. With regard to the other supplied products, the following average monthly rates of growth were recorded: garden or similar umbrellas (-2.7% per month) and umbrellas and sun umbrellas (other than having a telescopic shaft or garden umbrellas) (-2.9% per month).

In value terms, garden or similar umbrellas ($44M) constituted the largest type of umbrella supplied to the United States, comprising 79% of total imports. The second position in the ranking was taken by umbrellas having a telescopic shaft (excluding garden umbrellas) ($7.5M), with a 14% share of total imports.

Import Prices by Country

In March 2023, the umbrella price amounted to $4.7 per unit (CIF, US), falling by -11.2% against the previous month. Over the period under review, the import price continues to indicate a perceptible setback. The pace of growth was the most pronounced in October 2022 when the average import price increased by 79% against the previous month. Over the period under review, average import prices hit record highs at $8.1 per unit in March 2022; however, from April 2022 to March 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Cambodia ($11.4 per unit), while the price for China stood at $4.5 per unit.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Cambodia (+4.4%).

Source: IndexBox Market Intelligence Platform 

september frozen mirrors unit copper blanket console
Global Trade Daily, Market insight, United states news

 U.S. Prisms and Mirrors Export Soars to $109M in March 2023

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U.S. Prisms And Mirrors Exports

For the third month in a row, the United States recorded growth in overseas shipments of prisms and mirrors, which increased by 31% to 338 tons in March 2023. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when exports increased by 42% month-to-month. The exports peaked in March 2023.

In value terms, prisms and mirrors exports soared to $109M (IndexBox estimates) in March 2023. In general, exports, however, saw a noticeable downturn.

Exports by Country

South Korea (149 tons) was the main destination for prisms and mirrors exports from the United States, accounting for a 44% share of total exports. Moreover, prisms and mirrors exports to South Korea exceeded the volume sent to the second major destination, China (64 tons), twofold. Taiwan (Chinese) (28 tons) ranked third in terms of total exports with an 8.3% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of volume to South Korea totaled +3.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (-3.0% per month) and Taiwan (Chinese) (+0.9% per month).

In value terms, China ($16M), South Korea ($15M) and Japan ($10M) were the largest markets for prisms and mirrors exported from the United States worldwide, together comprising 37% of total exports. These countries were followed by Taiwan (Chinese), the UK, Mexico and India, which together accounted for a further 13%.

Taiwan (Chinese), with a CAGR of -0.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In March 2023, the prisms and mirrors price amounted to $322K per ton (FOB, US), approximately reflecting the previous month. In general, the export price, however, saw a pronounced setback. The growth pace was the most rapid in December 2022 when the average export price increased by 97% against the previous month. As a result, the export price attained the peak level of $621K per ton. From January 2023 to March 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In March 2023, the country with the highest price was Japan ($1.3M per ton), while the average price for exports to India ($42,854 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.7%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform 

stranded wire
Global Trade Daily, United states news

Stranded Wire Import in United States Increases Dramatically to $173M in March 2023

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 U.S. Stranded Wire Imports

Stranded wire imports into the United States soared to 56K tons in March 2023, with an increase of 18% on the month before. The total import volume increased at an average monthly rate of +1.0% from March 2022 to March 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in April 2022 when imports increased by 35% against the previous month.

In value terms, stranded wire imports surged to $173M (IndexBox estimates) in March 2023. The total import value increased at an average monthly rate of +1.3% over the period from March 2022 to March 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in April 2022 with an increase of 27% against the previous month.

Imports by Country

India (11K tons), Vietnam (9.1K tons) and China (4.8K tons) were the main suppliers of stranded wire imports to the United States, with a combined 45% share of total imports.

From March 2022 to March 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +18.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($37M) constituted the largest supplier of stranded wire to the United States, comprising 22% of total imports. The second position in the ranking was taken by Mexico ($18M), with a 10% share of total imports. It was followed by Vietnam, with a 9.4% share.

From March 2022 to March 2023, the average monthly growth rate of value from India amounted to +17.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-1.8% per month) and Vietnam (+0.3% per month).

Imports by Type

Stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated (37K tons), aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated) (19K tons) and copper stranded wire, cables and plaited bands (517 tons) were the main products of stranded wire imports to the United States.

From March 2022 to March 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated) (with a CAGR of +8.6%), while imports for the other products experienced mixed trend patterns.

In value terms, stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated ($96M), aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated) ($70M) and copper stranded wire, cables and plaited bands ($7.3M) were the most imported types of stranded wire, ropes and cables in the United States.

Import Prices by Country

In March 2023, the stranded wire price amounted to $3,089 per ton (CIF, US), surging by 3.2% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 9.5% month-to-month. As a result, import price attained the peak level of $3,218 per ton. From December 2022 to March 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Canada ($4,551 per ton), while the price for Malaysia ($1,276 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Turkey (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

gummed
Global Trade Daily, Market insight

U.S. Gummed Paper Price Peaks at $4,556 per Ton

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 U.S. Gummed Paper Export Price in March 2023

In March 2023, the gummed paper price stood at $4,556 per ton (FOB, US), growing by 4.6% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 5.6% m-o-m. The export price peaked in March 2023.

There were significant differences in the average prices for the major overseas markets. In March 2023, the country with the highest price was Singapore ($6,579 per ton), while the average price for exports to India ($2,043 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

U.S. Gummed Paper Exports

In March 2023, overseas shipments of gummed paper and paperboard (excluding self-adhesives) decreased by -11.1% to 3.1K tons, falling for the fifth month in a row after two months of growth. Over the period under review, exports recorded a perceptible descent. The most prominent rate of growth was recorded in October 2022 with an increase of 21% against the previous month. As a result, the exports attained the peak of 5.3K tons. From November 2022 to March 2023, the growth of the exports remained at a lower figure.

In value terms, gummed paper exports dropped to $14M (IndexBox estimates) in March 2023. In general, exports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in October 2022 with an increase of 16% month-to-month. As a result, the exports reached the peak of $22M. From November 2022 to March 2023, the growth of the exports failed to regain momentum.

U.S. Gummed Paper Exports by Country

Canada (1.7K tons) was the main destination for gummed paper exports from the United States, accounting for a 54% share of total exports. Moreover, gummed paper exports to Canada exceeded the volume sent to the second major destination, Mexico (480 tons), threefold. The third position in this ranking was taken by Brazil (177 tons), with a 5.8% share.

From March 2022 to March 2023, the average monthly growth rate of volume to Canada stood at -4.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (-1.1% per month) and Brazil (+22.7% per month).

In value terms, Canada ($8M) remains the key foreign market for gummed paper exports from the United States, comprising 57% of total exports. The second position in the ranking was taken by Mexico ($2.1M), with a 15% share of total exports. It was followed by Brazil, with a 4.4% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of value to Canada amounted to -3.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (-0.0% per month) and Brazil (+18.0% per month).

Source: IndexBox Market Intelligence Platform 

silicon
Global Trade Daily, Market insight

The United States Remains one of the Lucrative Markets for Silicon Anode Batteries

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The global silicon anode battery market is anticipated at US$ 2.3 billion in 2022. The sector is gaining pace as companies provide technologically improved silicon anode batteries that are cost-effective & high storage capacity. The market is estimated to garner US$ 131.6 billion in 2033, recording a CAGR of 47.5% from 2023 to 2033. The market is likely to secure US$ 2.7 billion in 2023.

Key Factors Shaping the Demand Outlook of the Silicon Anode Battery Industry:

  • Increasing demand for silicon anode batteries in developing nations like India & China
  • Increasing demand for electric vehicles globally
  • The rapidly growing consumer electronics industry
  • Advancements in battery technology, particularly in the design and manufacture of silicon anode batteries.

Opportunities in the Silicon Anode Battery Industry:

  • Growing demand for silicon anode batteries in the automotive sector
  • Opportunities for research and development to improve efficiency and affordability
  • Increased use of cost-effective manufacturing techniques and advanced raw material
  • Advances in electrical & electronic devices

Which Drivers Underpin Silicon Anode Battery Industry Expansion?

Advances in Battery Technology to Propel the Growth of the Market During the Forecast Period.

Battery technologies are important for delivering advanced performance in a wide range of applications including electric vehicles, consumer electronics, renewable energy, and industrial machinery. As battery applications are growing it has become a priority for lay players to build their position in the market.

Designers are keen on experimenting with new types of negative energy battery material which will act as a better substitute for graphite anodes. Various anode chemistry is in action such as silicon lithium and silicon anode graphite. A large number of next-generation technologies are under development which has the capability to serve large potential markets.

Growing Research & Development Activity Enabling the Market Growth

Some of the leading players are investing in research & development activities to gain a competitive advantage. The product development strategies & and product positions are adopted by suppliers to establish a stronger foothold in the market.

The key players in the silicon anode battery market are actively engaged in various forms of partnership ranging from partnering with battery suppliers, chemical manufacturers, material suppliers, and technical service providers. All these partnerships create new avenues for product development.

Country-wise Insights

Why is the Demand Rising in the United States Silicon Anode Battery Market?

The Presence of Leading Market Players to Boost the Growth of the Silicon Anode Battery Market in the United States

The global silicon anode battery market is expected to be dominated by North America. The market is anticipated to expand at a CAGR of 40.3% over the forecast period. The United States remains one of the lucrative markets for silicon anode batteries throughout the forecast period.

The growth of the market is attributed to the presence of some of the leading market players such as Amprius Inc, and Enevate Corporation among others. Among them, the companies are compressively engaged in patent filling and product development. The United States Department of Energy (DOE) Small Business Innovation and Research (SBIR) also pushing forward silicon anode market participants.

The Start-Up Ecosystem: How Key Players in Silicon Anode Battery Market Are Opening Frontiers for Future Growth?

New players in the silicon anodes battery market such as Leydenjar, Silib, and Ecellix among others, are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance

Founded in 2016 – Leydenjar is the provider of silicon anode technology for lithium-ion batteries. The platform develops pure Silicon anodes that are claimed to generate up to 50 percent more energy density in Li-ion battery cells. The company is currently optimizing the commercial thickness of the anode and fit with the best electrolyte, and proving their technology in pouch cells with 100 cycles.

Founded in 2018- Silib is the provider of silicon anode for lithium batteries. It provides a silicon anode for lithium batteries and has high capacity and ultra-thin durability. It provides silicon anode with a low-cost manufacturing process without using catalysts and silicon alloys

Founded in 2018- Ecellix is a silicon-based anode technology provider of lithium batteries. Claims to improve the charging and life of a battery

Who are the Leading Players in the Silicon Anode Battery Market?

Prominent players in the silicon anode battery market are Amprius Inc, Nexion Ltd, Enovix Corporation, Enevate Corporation, Nanograf Corp, Sila Nanotechnologies Inc, Boston Power Inc, XG Sciences Inc, Eocell Inc, Nanotech Instruments Inc, Zenlab Energy Inc. among others.

Leading players operating in the global silicon anode battery market are focusing on intensive research and development for launching innovative products and services in the market.

Product innovation is the key strategy adopted by market players. Brand consciousness and aggressive marketing by top players however make it challenging for new entrants in this market.

The market players are also emphasizing offering silicon anode battery with high reliability and high performance. The market is benefiting from partnerships with a high focus on innovation.

In November 2021- Panasonic Corporation, Toyota Motor Corporation and Nexeon, the company developing advanced silicon materials for next-generation lithium-ion batteries, have agreed to extend their funded joint development agreement (JDA). The partners will focus their work on the commercialization of e-mobility applications of lithium-ion batteries.

In May 2022 – Sila, a next-generation battery materials company, today announced the purchase of a facility with more than 600,000 square feet of space located in Moses Lake, WA to be used to manufacture Sila’s breakthrough lithium-ion anode materials at automotive volumes and quality. Powered with hydropower, the facility is located on 160 acres of land close to rail lines for convenient and efficient shipping.

In February 2021- Zenlabs Energy, an advanced lithium-ion cell company, announced that Idaho National Laboratory (INL) has successfully tested over 1,000 charge-discharge cycles from their high-energy Silicon anode pouch cells. Zenlabs is the recipient of $4.8 million, 50% cost share development contract from the United States Advanced Battery Consortium LLC (USABC) to develop low-cost, fast-charge electric vehicle (EV) batteries

paint
Global Trade Daily, Market insight

Paint and Varnish Price in United States Hits New Record of $25.4 per kg

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U.S. Paint and Varnish Export Price in March 2023

In March 2023, the paint and varnish price amounted to $25,386 per ton (FOB, US), picking up by 2.6% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.0%. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 8% month-to-month. Over the period under review, the average export prices hit record highs in March 2023.

There were significant differences in the average prices for the major overseas markets. In March 2023, the country with the highest price was China ($40,517 per ton), while the average price for exports to Panama ($10,569 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

U.S. Paint and Varnish Exports

In March 2023, paint and varnish exports from the United States soared to 11K tons, jumping by 17% compared with the previous month’s figure. Overall, exports, however, showed a relatively flat trend pattern.

In value terms, paint and varnish exports skyrocketed to $276M (IndexBox estimates) in March 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

U.S. Paint and Varnish Exports by Country

Canada (5.2K tons), Mexico (3.1K tons) and China (250 tons) were the main destinations of paint and varnish exports from the United States, with a combined 79% share of total exports. Panama and Jamaica lagged somewhat behind, together accounting for a further 2.2%.

From March 2022 to March 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +10.6%), while the other leaders experienced a decline.

In value terms, the largest markets for paint and varnish exported from the United States were Canada ($126M), Mexico ($75M) and China ($10M), together comprising 76% of total exports. These countries were followed by Panama and Jamaica, which together accounted for a further 1%.

Among the main countries of destination, Panama, with a CAGR of +5.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform 

television receiver price
Archives, Global Trade Daily, United states news

Television Receiver Price in United States Grows Slightly to $238 per Unit

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U.S. Television Receiver Import Price in March 2023

In March 2023, the television receiver price amounted to $238 per unit (CIF, US), remaining relatively unchanged against the previous month. Over the period under review, the import price, however, showed a mild downturn. The growth pace was the most rapid in September 2022 an increase of 12% against the previous month. Over the period under review, average import prices reached the peak figure at $301 per unit in March 2022; however, from April 2022 to March 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Mexico ($329 per unit), while the price for Taiwan (Chinese) ($108 per unit) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Vietnam (-1.3%), while the prices for the other major suppliers experienced a decline.

U.S. Television Receiver Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus; incorporating a colour video display or screen ($258 per unit), while the price for tuner blocks ($64.5 per unit) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus; incorporating a black and white or other monochrome video display or screen (+15.5%), while the prices for the other products experienced mixed trend patterns.

U.S. Television Receiver Imports

In March 2023, the amount of television receivers imported into the United States skyrocketed to 3.8M units, picking up by 18% compared with the month before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 when imports increased by 33% month-to-month. Imports peaked at 5.5M units in October 2022; however, from November 2022 to March 2023, imports failed to regain momentum.

In value terms, television receiver imports soared to $909M (IndexBox estimates) in March 2023. Overall, imports, however, showed a noticeable curtailment. The growth pace was the most rapid in August 2022 when imports increased by 35% against the previous month. Over the period under review, imports hit record highs at 1.6B units in October 2022; however, from November 2022 to March 2023, imports remained at a lower figure.

U.S. Television Receiver Imports by Type

In March 2023, reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus; incorporating a colour video display or screen (3.4M units) constituted the largest type of television receiver supplied to the United States, with a 90% share of total imports. Moreover, reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus; incorporating a colour video display or screen exceeded the figures recorded for the second-largest type, tuner blocks (387K units), ninefold.

From March 2022 to March 2023, the average monthly rate of growth in terms of the volume of import of reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus; incorporating a colour video display or screen was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: tuner blocks (-3.1% per month) and reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus; incorporating a black and white or other monochrome video display or screen (-2.8% per month). In value terms, reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus; incorporating a colour video display or screen ($884M) constituted the largest type of television receiver supplied to the United States, comprising 97% of total imports. The second position in the ranking was taken by tuner blocks ($25M), with a 2.7% share of total imports.

U.S. Television Receiver Imports by Country

In March 2023, Mexico (2.1M units) constituted the largest supplier of television receiver to the United States, with a 56% share of total imports. Moreover, television receiver imports from Mexico exceeded the figures recorded by the second-largest supplier, China (723K units), threefold. The third position in this ranking was taken by Vietnam (544K units), with a 14% share.

From March 2022 to March 2023, the average monthly growth rate of volume from Mexico was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-0.0% per month) and Vietnam (+0.3% per month).

In value terms, Mexico ($706M) constituted the largest supplier of television receiver to the United States, comprising 78% of total imports. The second position in the ranking was held by China ($86M), with a 9.4% share of total imports. It was followed by Vietnam, with an 8.1% share.

From March 2022 to March 2023, the average monthly growth rate of value from Mexico amounted to -2.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-2.8% per month) and Vietnam (-0.9% per month).

Source: IndexBox Market Intelligence Platform