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 U.S. Travel Set Price Surges 89% to $1.0 per Unit

set
Global Trade Daily, United states news

 U.S. Travel Set Price Surges 89% to $1.0 per Unit

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U.S. Travel Set Import Price in April 2023

In April 2023, the travel set price stood at $1.0 per unit (CIF, US), jumping by 89% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $1.3 per unit in September 2022; however, from October 2022 to April 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From April 2022 to April 2023, the rate of growth in terms of prices for China amounted to -0.1% per month.

U.S. Travel Set Imports

Travel set imports into the United States shrank sharply to 3.4M units in April 2023, falling by -17% on March 2023. Overall, total imports indicated a slight increase from April 2022 to April 2023: its volume increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, imports decreased by -17.7% against January 2023 indices. The growth pace was the most rapid in January 2023 when imports increased by 62% month-to-month. As a result, imports reached the peak of 4.1M units. From February 2023 to April 2023, the growth of imports remained at a somewhat lower figure.

In value terms, travel set imports surged to $3.5M (IndexBox estimates) in April 2023. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at 3.9M units in January 2023; however, from February 2023 to April 2023, imports remained at a lower figure.

U.S. Travel Set Imports by Country

In April 2023, China (3.3M units) was the main travel set supplier to the United States, with a approximately 99% share of total imports.

From April 2022 to April 2023, the average monthly growth rate of volume from China totaled +1.9%.

In value terms, China ($3.4M) constituted the largest supplier of travel set to the United States.

From April 2022 to April 2023, the average monthly growth rate of value from China amounted to +1.8%.

Source: IndexBox Market Intelligence Platform

april
Global Trade Daily, Market insight, United states news

U.S. Preserved Salmon Export Falls Dramatically to $5.7M in April 2023

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U.S. Preserved Salmon Exports

Preserved salmon exports from the United States shrank notably to 790 tons in April 2023, waning by -18% against the previous month’s figure. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in August 2022 when exports increased by 87% m-o-m.

In value terms, preserved salmon exports plummeted to $5.7M (IndexBox estimates) in April 2023. Overall, exports showed a abrupt descent. The growth pace was the most rapid in August 2022 when exports increased by 107% against the previous month.

Exports by Country

Canada (377 tons) was the main destination for preserved salmon exports from the United States, accounting for a 48% share of total exports. Moreover, preserved salmon exports to Canada exceeded the volume sent to the second major destination, Australia (125 tons), threefold. Mexico (103 tons) ranked third in terms of total exports with a 13% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume to Canada totaled -5.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Australia (-9.8% per month) and Mexico (+4.2% per month).

In value terms, Canada ($2.7M) remains the key foreign market for preserved salmon exports from the United States, comprising 48% of total exports. The second position in the ranking was taken by Australia ($878K), with a 15% share of total exports. It was followed by Mexico, with a 13% share.

From April 2022 to April 2023, the average monthly growth rate of value to Canada amounted to -7.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Australia (-9.0% per month) and Mexico (+1.4% per month).

Export Prices by Country

In April 2023, the preserved salmon price amounted to $7,216 per ton (FOB, US), shrinking by -3.4% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 10% m-o-m. As a result, the export price attained the peak level of $8,750 per ton. From September 2022 to April 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($8,565 per ton), while the average price for exports to the Netherlands ($5,303 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform  

april
Global Trade Daily, United states news

U.S. Scent Spray Import Rises to $12M in April 2023

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 U.S. Scent Spray Imports

In April 2023, imports of scent sprays into the United States skyrocketed to 1.1K tons, with an increase of 39% against the previous month’s figure. In general, total imports indicated a modest expansion from April 2022 to April 2023: its volume increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, imports increased by +39.0% against March 2023 indices. The growth pace was the most rapid in December 2022 when imports increased by 68% against the previous month.

In value terms, scent spray imports reached $12M (IndexBox estimates) in April 2023. Over the period under review, total imports indicated a modest increase from April 2022 to April 2023: its value increased at an average monthly rate of +1.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, imports increased by +10.8% against February 2023 indices. The pace of growth was the most pronounced in December 2022 when imports increased by 40% against the previous month.

Imports by Country

In April 2023, China (871 tons) constituted the largest scent spray supplier to the United States, with a 79% share of total imports. Moreover, scent spray imports from China exceeded the figures recorded by the second-largest supplier, Mexico (170 tons), fivefold. The third position in this ranking was held by France (27 tons), with a 2.4% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from China totaled +3.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-2.9% per month) and France (-7.5% per month). \

In value terms, China ($7.8M) constituted the largest supplier of scent spray to the United States, comprising 64% of total imports. The second position in the ranking was held by France ($1.6M), with a 13% share of total imports. It was followed by Mexico, with a 12% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of value from China amounted to +3.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: France (+3.2% per month) and Mexico (-2.9% per month).

Import Prices by Country

In April 2023, the scent spray price stood at $11,143 per ton (CIF, US), declining by -22.9% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 32% month-to-month. As a result, import price reached the peak level of $15,898 per ton. From February 2023 to April 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was France ($59,343 per ton), while the price for Mexico ($8,727 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 France (+11.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

leatherman
Global Logistics, Global Trade Daily, News, Ocean Ports

SC Ports’ Leatherman Terminal Recognized among Top U.S. Engineering Projects

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South Carolina Ports’ Leatherman Terminal was recognized as one of the top eight engineering projects in the country.

The American Council of Engineering Companies (ACEC) recognized Leatherman Terminal as a 2023 Grand Award Winner and as a finalist for the 2023 Grand Conceptor Award, which signifies the year’s best overall engineering achievement.

The state-of-the-art Leatherman Terminal opened in April 2021, marking the first new greenfield container terminal to open in the U.S. since 2009.

The SC Ports’ engineering team worked with many contractors, including HDR Inc., Banks Construction Co., Samet Corp., Cape Romain/McLean A Joint Venture and Cape Romain Contractors Inc. The $1 billion project was finished on time and under budget.

Situated along the Cooper River in North Charleston, Leatherman Terminal’s 169-foot-tall ship-to-shore cranes can be seen throughout the Charleston region.

The terminal was designed with sustainability in mind. It boasts five electric ship-to-shore cranes and 25 hybrid rubber-tired gantry cranes to significantly reduce emissions.

Phase One of Leatherman Terminal can handle 700,000 TEUs of cargo and a 20,000-TEU vessel. At full buildout, the terminal will have three berths capable of handling 2.4 million TEUs of cargo.

electronic
Global Trade Daily, United states news

U.S. Electronic Computer Price Drops Markedly to 643 per Unit

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U.S. Electronic Computer Import Price in April 2023

In April 2023, the electronic computer price amounted to $643 per unit (CIF, US), falling by -8.1% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 an increase of 6.2% month-to-month. Over the period under review, average import prices hit record highs at $792 per unit in December 2022; however, from January 2023 to April 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Mexico ($2,338 per unit), while the price for China ($432 per unit) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.9%), while the prices for the other major suppliers experienced a decline.

U.S. Electronic Computer Imports

In April 2023, the amount of electronic computers imported into the United States fell slightly to 9.4M units, which is down by -1.9% on the previous month’s figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2022 when imports increased by 30% month-to-month. Imports peaked at 14M units in July 2022; however, from August 2022 to April 2023, imports stood at a somewhat lower figure.

In value terms, electronic computer imports declined to $6B (IndexBox estimates) in April 2023. In general, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in June 2022 when imports increased by 34% m-o-m. As a result, imports attained the peak of $9.5B. From July 2022 to April 2023, the growth of imports remained at a somewhat lower figure.

U.S. Electronic Computer Imports by Country

In April 2023, China (7.2M units) constituted the largest supplier of electronic computer to the United States, accounting for a 77% share of total imports. Moreover, electronic computer imports from China exceeded the figures recorded by the second-largest supplier, Mexico (793K units), ninefold. The third position in this ranking was taken by Vietnam (771K units), with an 8.2% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from China totaled -1.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-3.0% per month) and Vietnam (+4.0% per month).

In value terms, China ($3.1B), Mexico ($1.9B) and Vietnam ($392M) constituted the largest electronic computer suppliers to the United States, with a combined 89% share of total imports.

Vietnam, with a CAGR of +6.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Source: IndexBox Market Intelligence Platform 

bottled
Global Trade Daily, United states news

Bottled Water Market Entry Strategy for the United States

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Entering the bottled water market in the United States requires a well-planned strategy that takes into account various factors such as market demand, competition, regulatory requirements, and trade show participation. This guide aims to provide an overview of the successful market entry strategy for bottled waters in the United States, along with official data sources, help from authorities, and a list of relevant trade shows and exhibitions.

Market Overview

The bottled water market in the United States is a highly competitive and growing industry. With increasing health consciousness, changing consumer preferences, and concerns about tap water quality, bottled water has gained popularity among Americans. According to official data sources such as the U.S. Environmental Protection Agency (EPA) and the International Bottled Water Association (IBWA), the consumption of bottled water in the United States has been steadily increasing over the years.

It is crucial to understand the market dynamics, consumer behavior, and trends in order to develop a successful entry strategy. Market research reports, such as those available on the IndexBox market intelligence platform, can provide valuable insights into market size, growth rates, key players, and consumer preferences.

Regulatory Requirements

Before entering the bottled water market in the United States, it is essential to comply with regulatory requirements set by authorities such as the Food and Drug Administration (FDA) and the EPA. These regulations ensure the safety and quality of bottled water products. The FDA provides guidelines on labeling, product standards, and manufacturing practices, while the EPA sets quality standards for bottled water sources.

Seeking help from authorities such as the FDA and the EPA can provide guidance and ensure compliance with regulations. Their official websites offer resources, FAQs, and contact information for assistance.

Market Entry Strategy

Developing a successful market entry strategy involves thorough planning and execution. Here are some key steps to consider:

1. Market Research:

Conduct comprehensive market research to understand the current competitive landscape, consumer preferences, pricing trends, and distribution channels. Utilize official data sources such as the IBWA, the U.S. Census Bureau, and industry reports from reputable market research firms.

2. Product Differentiation:

Create a unique selling proposition by differentiating your bottled water product from competitors. This can be achieved through factors such as water source, filtration process, packaging, or added benefits.

3. Distribution Strategy:

Develop a robust distribution strategy to ensure your product reaches the target market effectively. Consider partnering with established distributors or retailers with a strong presence in the bottled water market.

4. Marketing and Branding:

Invest in marketing and branding activities to create brand awareness and establish a strong presence in the market. Utilize digital marketing strategies, social media platforms, and influencer collaborations to reach a wider audience.

5. Pricing Strategy:

Analyze the pricing trends in the bottled water market and determine a competitive yet profitable pricing strategy. Consider factors such as production costs, packaging expenses, and desired profit margins.

6. Regulatory Compliance:

Ensure compliance with FDA and EPA regulations by carefully following their guidelines on labeling, product standards, and manufacturing practices. Seek assistance from authorities to ensure adherence to all regulatory requirements.

7. Trade Shows and Exhibitions:

Participating in trade shows and exhibitions can provide an excellent platform to showcase your bottled water products, network with industry professionals, and gain visibility. Here is a list of some major trade shows and exhibitions in the United States: International Bottled Water Association (IBWA) Annual Business Conference & Trade Show BevNET Live Natural Products Expo West National Association of Convenience Stores (NACS) Show Wine & Spirits Wholesalers of America (WSWA) Convention & Exposition Sweets & Snacks Expo Attending these events will provide valuable insights into the industry, competition, and consumer trends. It is an opportunity to connect with potential buyers, distributors, and industry experts.

Conclusion

Entering the bottled water market in the United States requires thorough planning, market research, and compliance with regulatory requirements. By understanding the market dynamics, consumer preferences, and competition, businesses can develop a successful market entry strategy. Utilizing official data sources, seeking help from authorities, and participating in relevant trade shows and exhibitions will further enhance the chances of success. The IndexBox market intelligence platform can provide valuable market insights to support decision-making and strategy development.

Source: IndexBox Market Intelligence Platform

import march
Global Trade Daily, United states news

Adhesive Bandage Import in United States Soars 28% to New Record of $85M in March 2023

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U.S. Adhesive Bandage Imports

In March 2023, approximately 3.2K tons of adhesive bandages were imported into the United States; picking up by 30% against the previous month. Over the period under review, imports, however, saw a slight contraction.

In value terms, adhesive bandage imports skyrocketed to $85M (IndexBox estimates) in March 2023. Overall, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In March 2023, China (1.5K tons) constituted the largest supplier of adhesive bandage to the United States, accounting for a 46% share of total imports. Moreover, adhesive bandage imports from China exceeded the figures recorded by the second-largest supplier, Japan (297 tons), fivefold. The third position in this ranking was taken by Germany (289 tons), with a 9% share.

From March 2022 to March 2023, the average monthly growth rate of volume from China amounted to -2.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (-0.9% per month) and Germany (-0.2% per month).

In value terms, the largest adhesive bandage suppliers to the United States were China ($21M), Mexico ($13M) and Germany ($10M), with a combined 52% share of total imports. Japan, Brazil, the UK, the Dominican Republic, Italy and France lagged somewhat behind, together accounting for a further 27%.

Italy, with a CAGR of +15.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 adhesive bandage price amounted to $26,657 per ton (CIF, US), almost unchanged from the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +2.0%. The pace of growth was the most pronounced in April 2022 an increase of 27% against the previous month. Over the period under review, average import prices hit record highs at $27,682 per ton in July 2022; however, from August 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 the UK ($86,489 per ton), while the price for France ($5,095 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 the UK (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

container port
Global Logistics, Global Trade Daily, News

The Marino Group Opens New Container Depot In Port of Mobile, Alabama

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Marine Repair Services-Container Maintenance Corporation
responds to burgeoning growth of container traffic through the region.
The Marino Group announces it has opened a 34-acre depot to meet the needs of the container and intermodal trade through the growing port of Mobile and the U. S. Gulf. The new facility provides container maintenance and repair, loaded and empty container storage, warehousing, chassis start-stop and repairs, grounded temperature-controlled unit pre-trips and genset rental programs. The new facility is open and fully operational as of today.
The Marino Group’s Marine Repair Services-Container Maintenance Corporation (MRS-CMC), a leading supplier of depot services, unmatched dry and reefer equipment maintenance and repair, equipment sales drayage and over-the-road services, is responding to the needs of the burgeoning trade in the market. In the last decade, the port has experienced double-digit growth every year. Recent statistics indicate that for 2022, there was an 11 percent increase in container through-put.
The depot is conveniently situated less than a mile from the marine terminals at 1251 Baker Street and complements terminal capacity issues. To meet the needs of the trades in the region, the new depot includes load lifts, empty handlers, a chassis stacker and downstacker and reefer plugs.
food
Global Trade Daily, News, United states news

Organic Food Sales in the United States in 2022 Broke Through $60 Billion

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Organic Trade Association survey shows growth pace doubled from previous year.

Organic food sales in the United States in 2022 broke through $60 billion for the first time, hitting another high-level mark for the resilient organic sector. Total organic sales – including organic non-food products, were a record $67.6 billion*, according to the 2023 Organic Industry Survey released Wednesday by the Organic Trade Association.

The organic market grew despite challenging headwinds: inflation pressures tightening consumer wallets, supply chain disruptions caused by the pandemic and global political events, a proliferation of competing food labels in the grocery aisles and a labor shortage felt acutely by organic producers. Inflation heated up costs across the organic supply chain – indeed, the entire food supply chain — and boosted prices in the grocery aisles. As a result, the organic sector reflected the overall food sector, with the value of organic sales rising even as the growth in the volume of sales for some categories slipped.

The sector’s four-percent growth in sales value was nearly twice the pace of growth in 2021. Organic food sales totaled $61.7 billion, while the value of organic non-food sales hit nearly $6 billion. Certified Organic now accounts for 6 percent of total food sales in the United States.

Produce still leads organic 

Organic produce, often the entry point for new organic buyers, easily held its position as the top seller of all organic categories. Sales of organic produce totaled $22 billion, accounting for 15 percent of all fruit and vegetable sales in this country.

Organic beverages were the second best-selling organic category, reporting $9 billion in sales in 2022, up 4 percent. Organic coffee maintained its position as the biggest-selling organic beverage, up almost 7 percent from the year before, with close to $2.3 billion in sales. Organic soft drinks and enhanced drinks broke through $500 million in sales at $503 million and saw robust growth of almost 14 percent.

The third highest-selling organic category was dairy and eggs at $7.9 billion, up over 7 percent from the previous year. Organic dairy and eggs now constitute close to 8 percent of the total dairy and egg market. Continued demand and inflationary price increases helped boost the dollar sales in that category; yogurt and eggs both saw double-digit growth, with organic yogurt sales jumping by over 12 percent to $1.5 billion, and organic egg sales by 11 percent to around $1.2 billion.

While the growth pace of organic sales has predictably slowed from the barnburner rates during the pandemic, a wide and diverse smattering of organic products showed outstanding growth as consumers bring organic more fully into their lives. To name a few: organic baby food and formula sales up almost 13 percent to $1.4 billion, sales of organic rice, grains and potato products up over 10 percent to $387 million, organic dip sales up a big 18 percent to $194 million, and sales of organic pork up more than 10 percent to $63 million.

In the organic non-food category, sales of organic linens and clothing accounted for some 40 percent of sales, recording $2.4 billion in sales for a gain of 2.5 percent. Organic supplement sales held steady with sales of around $2 billion, while organic personal care products rose over 5 percent to $1.2 billion.

Organic future is bright 

The success of organic is not a new story. In the last ten years, organic sales have more than doubled as Americans are eating and using more organic products than ever before.  Total organic sales broke through the $50 billion mark for the first time in 2018, and organic food sales hit $50 billion for the first time just a few years ago in 2019.

This year’s survey was conducted early in 2023 from January 13 through April 4 and was produced on behalf of the Organic Trade Association by Nutrition Business Journal (NBJ). Numerous data sources were compiled to create as complete a picture as possible of the organic industry which consists largely of private companies. Inputs include but are not limited to point-of-sale data, expert interviews, annual report data, and in-depth direct survey data. About 100 companies completed a significant portion of the in-depth survey.

Executive summaries of the survey are available to the media upon request. The full report can be purchased; online orders can be placed on this page.

kelly international trade policy SelectUSA
Archives, Global Trade Daily, News, United states news

SelectUSA Investment Summit to Host New Foreign Direct Investment Deal Announcements

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On Tuesday, May 2, 2023, SelectUSA will host a series of new Foreign Direct Investment (FDI) Deals at its Investment Summit being held at the Gaylord National Resort & Convention Center in National Harbor, Maryland from May 1-4, 2023.

Anticipated Announcements for May 2 are as follows:

JSW Steel USA will be joined by Department of Commerce Deputy Secretary Don Graves, at 1:30 pm ET at the SelectUSA Tech Pavilion Stage in the Exhibit Hall.

Representatives from Swiss multinational technology company ABB will be joined by Arun Venkataraman, Assistant Secretary of Commerce for Global Markets, and Director General of the U.S. and Foreign Commercial Service Global Markets; Jesse Henson, president of ABB’s NEMA Motors Division; and Dr. Terisa Riley, chancellor of the University of Arkansas – Fort Smith at 2:00 pm ET on the SelectUSA Tech Pavilion Stage.

All announcements are open to credentialed media.

Press may register online via the link below.

Register Here