U.S. Decaffeinated Coffee Price Fluctuated Mildly over 2022

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U.S. Decaffeinated Coffee Price Fluctuated Mildly over 2022

January 25th, 2023 IndexBox Leave a comment

U.S. Decaffeinated Coffee Import Price per Ton July 2022

In July 2022, the decaffeinated coffee price per ton amounted to $6,601, growing by 2% against the previous month. Over the period from January 2022 to July 2022, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in March 2022 an increase of 13% m-o-m. The import price peaked at $6,602 per ton in May 2022; afterwards, it flattened through to July 2022.

There were significant differences in the average prices amongst the major supplying countries. In July 2022, the country with the highest price was Colombia ($6,656 per ton), while the price for Vietnam ($3,492 per ton) was amongst the lowest. From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Colombia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Decaffeinated Coffee Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was roasted decaffeinated coffee ($20,453 per ton), while the price for unroasted decaffeinated coffee stood at $5,687 per ton.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by unroasted decaffeinated coffee (+2.5%).

U.S. Decaffeinated Coffee Imports

Decaffeinated coffee imports into the United States amounted to 8.8K tons in July 2022, with an increase of 15% on the month before. Overall, imports continue to indicate a modest expansion. The most prominent rate of growth was recorded in April 2022 with an increase of 20% against the previous month. As a result, imports attained the peak of 9.1K tons. From May 2022 to July 2022, the growth of imports remained at a lower figure.

In value terms, decaffeinated coffee imports soared to $58M (IndexBox estimates) in July 2022. The total import value increased at an average monthly rate of +3.4% over the period from January 2022 to July 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in March 2022 when imports increased by 32% m-o-m. Imports peaked in July 2022.

U.S. Decaffeinated Coffee Imports by Type

In July 2022, unroasted decaffeinated coffee (8.2K tons) was the main type of decaffeinated coffee supplied to the United States, accounting for a 94% share of total imports. Moreover, unroasted decaffeinated coffee exceeded the figures recorded for the second-largest type, roasted decaffeinated coffee (543 tons), more than tenfold.

From January 2022 to July 2022, the average monthly rate of growth in terms of the volume of import of unroasted decaffeinated coffee was relatively modest.

In value terms, unroasted decaffeinated coffee ($47M) constituted the largest type of decaffeinated coffee supplied to the United States, comprising 81% of total imports. The second position in the ranking was held by roasted decaffeinated coffee ($11M), with a 19% share of total imports.

U.S. Decaffeinated Coffee Imports by Country

Brazil (1.8K tons), Germany (1.5K tons) and Mexico (1.3K tons) were the main suppliers of decaffeinated coffee imports to the United States, together accounting for 52% of total imports.

From January 2022 to July 2022, the biggest increases were in Brazil (with a CAGR of +7.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($9.6M), Germany ($8.8M) and Colombia ($8.5M) appeared to be the largest decaffeinated coffee suppliers to the United States, with a combined 47% share of total imports.

Colombia, with a CAGR of +10.3%, saw the highest growth rate of 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.

Source: https://www.indexbox.io/blog/decaffeinated-coffee-price-per-ton-july-2022/

Archives, Global Logistics, Global Trade Daily

Winners and Losers from US 2022 Domestic Migration

January 21st, 2023 Peter Frerichs Leave a comment

2022 was a unique year in many respects. The world began to emerge from the pandemic, Ukraine was invaded, and the after-effects really took hold. In terms of the stock market, 2022 was the worst-performing year since 2008. The Dow finished the year down 8.8%, the S&P 500 plummeted by 19.4%, and the Nasdaq culminated a miserable 12 months falling 33.1%.

Amidst such chaos, US domestic migration was equally chaotic. Folks and businesses move between states for several reasons. We’ve always had a degree of migration, but 2022 was amped up to historic levels.

California lost the most residents to other states – 343,230 to be exact. New York followed with 299,557, and Illinois rounded out the top 3 having lost 141,656. The winning states were typically those with lower taxes, a higher standard of living, and more affordable housing. Florida was the big winner drawing in 318,855 newcomers, with Texas coming in second (230,961), and then North Carolina with 99,796 new residents in 2022.

In terms of overall population growth (new births included), Texas holds the top trophy with 470,708 new residents, followed by Florida with 416,754, and North Carolina at 133,088. In terms of regional trends, the Pacific Northwest revealed some interesting data. For example, between 2010 and 2020 Washington state attracted 371,258 newcomers. In 2022, however, Washington lost 3,580 residents, the first such loss in a decade. Oregon also lost more folks than in previous years and pundits believe the mounting disorder in cities like Portland and Seattle was the likely culprit.

In terms of new arrivals to the Sun Belt states, the Midwest and Northeast states had always been reliable candidates. But this exodus to Sun Belt states accelerated in 2022 when cities like Orlando, Nashville, Dallas, and Phoenix saw an inflow of folks from San Francisco and New York City like never before.

On the business side, workforce employment grew in states like Idaho (7%), Utah (6.7%), Florida (5.5%), and Georgia (23.6%). Unemployment in Miami, for example, was 1.8% in November while in Los Angeles and New York City, it was 4.9% and 5.8% respectively.

For those states that are losing folks, the message is clear – most people aren’t fond of crime, high taxes, and burdensome regulation. High taxes are fine if residents are seeing their tax dollars put to work – less social disorder and cleaner streets. But that is not occurring in most of the cities that have lost folks in 2022. As always, a new year awaits.

Archives, Global Trade Daily

Wallpaper Price in U.S. Averages $18,720 per Ton

January 19th, 2023 IndexBox Leave a comment

U.S. Wallpaper Import Price per Ton July 2022

In July 2022, the wallpaper price per ton stood at $18,720, approximately reflecting the previous month. Over the period from January 2022 to July 2022, it increased at an average monthly rate of +3.2%. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 42% month-to-month. As a result, import price attained the peak level of $23,646 per ton. From April 2022 to July 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2022, the country with the highest price was Japan ($39,741 per ton), while the price for Canada ($4,186 per ton) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Wallpaper Import Prices by Type

Average prices varied somewhat amongst the major supplied products. In July 2022, the product with the highest price was wallpaper and similar wall coverings and window transparencies; of paper, n.e.s. ($22,785 per ton), while the price for wallpaper and similar wall coverings; coated or covered on the face side, with a grained, embossed, colored, design-printed or otherwise decorated layer of plastics stood at $15,791 per ton.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by wallpaper and similar wall coverings and window transparencies; of paper, n.e.s. (+7.1%).

U.S. Wallpaper Imports

In July 2022, after three months of growth, there was decline in overseas purchases of wallpaper and wall coverings, when their volume decreased by -3.8% to 520 tons. Overall, imports continue to indicate a mild contraction. The pace of growth appeared the most rapid in April 2022 with an increase of 15% month-to-month. Imports peaked at 567 tons in January 2022; however, from February 2022 to July 2022, imports remained at a lower figure.

In value terms, wallpaper imports dropped to $9.7M (IndexBox estimates) in July 2022. The total import value increased at an average monthly rate of +1.7% from January 2022 to July 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in March 2022 when imports increased by 18% month-to-month. Over the period under review, imports reached the maximum at $10M in June 2022, and then reduced slightly in the following month.

U.S. Wallpaper Imports by Type

Wallpaper and similar wall coverings; coated or covered on the face side, with a grained, embossed, colored, design-printed or otherwise decorated layer of plastics (302 tons) and wallpaper and similar wall coverings and window transparencies; of paper, n.e.s. (218 tons) were the main products of wallpaper imports to the United States.

From January 2022 to July 2022, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by wallpaper and similar wall coverings; coated or covered on the face side, with a grained, embossed, colored, design-printed or otherwise decorated layer of plastics (with a CAGR of -0.1%).

In value terms, the most traded types of wallpaper and wall coverings in the United States were wallpaper and similar wall coverings and window transparencies; of paper, n.e.s. ($5M) and wallpaper and similar wall coverings; coated or covered on the face side, with a grained, embossed, coloued, design-printed or otherwise decorated layer of plastics ($4.8M).

U.S. Wallpaper Imports by Country

China (196 tons), the UK (134 tons) and Germany (69 tons) were the main suppliers of wallpaper imports to the United States, with a combined 77% share of total imports.

From January 2022 to July 2022, the biggest increases were in Germany (with a CAGR of +56.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($3.4M), China ($2.3M) and Japan ($884K) were the largest wallpaper suppliers to the United States, together accounting for 67% of total imports. South Korea, Germany, the Netherlands and Canada lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, the Netherlands, with a CAGR of +44.4%, 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.

Source: https://www.indexbox.io/blog/wallpaper-price-per-ton-july-2022/

Archives, Global Trade Daily, Market insight

Millet Price in America Bottoms at $559 per Ton, Losing 13% over 2022

January 9th, 2023 IndexBox Leave a comment

U.S. Millet Export Price per Ton August 2022

In August 2022, the millet price per ton amounted to $559, shrinking by -2.2% against the previous month. Over the period under review, the export price showed a noticeable contraction. The pace of growth appeared the most rapid in May 2022 an increase of 4.6% m-o-m. Over the period under review, the average export prices reached the maximum at $644 per ton in January 2022; however, from February 2022 to August 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In August 2022, the country with the highest price was Japan ($643 per ton), while the average price for exports to Colombia ($380 per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

U.S. Millet Exports

Millet exports from the United States shrank dramatically to 3.5K tons in August 2022, falling by -16.8% against July 2022 figures. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in April 2022 with an increase of 39% m-o-m. As a result, the exports reached the peak of 7.7K tons. From May 2022 to August 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, millet exports reduced remarkably to $2M (IndexBox estimates) in August 2022. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in April 2022 when exports increased by 34% m-o-m. As a result, the exports attained the peak of $4.4M. From May 2022 to August 2022, the growth of the exports remained at a somewhat lower figure.

U.S. Millet Exports by Country

The Philippines (1.1K tons), Canada (754 tons) and Indonesia (481 tons) were the main destinations of millet exports from the United States, together comprising 66% of total exports.

From January 2022 to August 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +42.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for millet exported from the United States were the Philippines ($647K), Canada ($375K) and Indonesia ($278K), with a combined 67% share of total exports.

Among the main countries of destination, the Philippines, with a CAGR of +44.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: https://www.indexbox.io/blog/millet-price-per-ton-august-2022/

Archives, Global Trade Daily, Market insight

Frozen Vegetable Price in U.S. Averages $1,289 per Ton

January 6th, 2023 IndexBox Leave a comment

U.S. Frozen Vegetable Import Price per Ton August 2022

In August 2022, the frozen vegetable price per ton amounted to $1,289, rising by 3.7% against the previous month. Over the last seven months, it increased at an average monthly rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In August 2022, the country with the highest price was Mexico ($1,625 per ton), while the price for China ($931 per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Frozen Vegetable Import Prices by Type

Average prices varied noticeably amongst the major supplied products. In August 2022, the product with the highest price was frozen vegetables other than potato and corn ($1,411 per ton), while the price for frozen sweet corn ($1,212 per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by frozen sweet corn (+2.1%), while the prices for the other products experienced more modest paces of growth.

U.S. Frozen Vegetable Imports

Frozen vegetable imports into the United States contracted modestly to 164K tons in August 2022, with a decrease of -4% against the previous month. Overall, imports showed a perceptible decline. The most prominent rate of growth was recorded in March 2022 with an increase of 26% m-o-m. As a result, imports reached the peak of 245K tons. From April 2022 to August 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen vegetable imports dropped to $211M (IndexBox estimates) in August 2022. In general, imports showed a pronounced contraction. The growth pace was the most rapid in March 2022 when imports increased by 25% against the previous month. As a result, imports attained the peak of $297M. From April 2022 to August 2022, the growth of imports remained at a lower figure.

U.S. Frozen Vegetable Imports by Type

Frozen potatoes (102K tons), frozen vegetables other than potato and corn (60K tons) and frozen sweet corn (2.1K tons) were the main products of frozen vegetable imports to the United States.

From January 2022 to August 2022, the biggest increases were in frozen potato (with a CAGR of -1.5%), while purchases for the other products experienced a decline.

In value terms, the most traded types of frozen vegetables in the United States were frozen potatoes ($124M), frozen vegetables other than potato and corn ($84M) and frozen sweet corn ($2.5M).

U.S. Frozen Vegetable Imports by Country

In August 2022, Canada (93K tons) constituted the largest frozen vegetable supplier to the United States, accounting for a 57% share of total imports. Moreover, frozen vegetable imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (24K tons), fourfold. The third position in this ranking was taken by Belgium (13K tons), with an 8.2% share.

From January 2022 to August 2022, the average monthly growth rate of volume from Canada totaled -2.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-6.5% per month) and Belgium (-3.0% per month).

In value terms, Canada ($114M) constituted the largest supplier of frozen vegetable to the United States, comprising 54% of total imports. The second position in the ranking was taken by Mexico ($39M), with a 19% share of total imports. It was followed by Belgium, with a 7% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of value from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-5.3% per month) and Belgium (-0.7% per month).

Source: https://www.indexbox.io/blog/frozen-vegetable-price-per-ton-august-2022/

Archives, Global Trade Daily, Market insight

Whole Fresh Milk Price in U.S. Stands at $1.1 per kg, Fluctuating Mildly over 2022

January 5th, 2023 IndexBox Leave a comment

U.S. Whole Fresh Milk Export Price per Ton August 2022

In August 2022, the whole fresh milk price per ton stood at $1.1 per kg, growing by 1.7% against the previous month. Over the last seven months, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 13% against the previous month. The export price peaked in August 2022.

Average prices varied somewhat for the major external markets. In August 2022, the country with the highest price was Taiwan (Chinese) ($1.2 per kg), while the average price for exports to Canada ($849 per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

U.S. Whole Fresh Milk Exports

For the third consecutive month, the United States recorded decline in shipments abroad of whole fresh milk, which decreased by -9.5% to 10K tons in August 2022. Over the period under review, total exports indicated a buoyant increase from January 2022 to August 2022: its volume increased at an average monthly rate of +7.0% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, exports decreased by -26.3% against May 2022 indices. The most prominent rate of growth was recorded in February 2022 with an increase of 59% against the previous month. Over the period under review, the exports attained the peak figure at 14K tons in May 2022; however, from June 2022 to August 2022, the exports remained at a lower figure.

In value terms, whole fresh milk exports reduced to $11M (IndexBox estimates) in August 2022. Overall, total exports indicated a prominent expansion from January 2022 to August 2022: its value increased at an average monthly rate of +8.6% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, exports decreased by -13.5% against May 2022 indices. The pace of growth appeared the most rapid in February 2022 when exports increased by 67% against the previous month. The exports peaked at $13M in May 2022; however, from June 2022 to August 2022, the exports stood at a somewhat lower figure.

U.S. Whole Fresh Milk Exports by Country

Taiwan (Chinese) (5.9K tons), Canada (3.5K tons) and Mexico (516 tons) were the main destinations of whole fresh milk exports from the United States, with a combined 97% share of total exports.

From January 2022 to August 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +13.3%), while the other leaders experienced mixed trend patterns.

In value terms, Taiwan (Chinese) ($7.1M) remains the key foreign market for whole fresh milk exports from the United States, comprising 64% of total exports. The second position in the ranking was taken by Canada ($3M), with a 27% share of total exports.

From January 2022 to August 2022, the average monthly growth rate of value to Taiwan (Chinese) amounted to +14.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Canada (+2.1% per month) and Mexico (+2.3% per month).

Source: https://www.indexbox.io/blog/whole-fresh-milk-price-per-ton-august-2022/

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Archives, Global Trade Daily, Imports/Exports, International Trade

U.S. Lemon and Lime Price Surges 17% to $931 per Ton

January 3rd, 2023 IndexBox Leave a comment

U.S. Lemon And Lime Import Price per Ton August 2022

In August 2022, the lemon and lime price per ton amounted to $931, picking up by 17% against the previous month. Overall, the import price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in March 2022 an increase of 26% month-to-month. As a result, import price reached the peak level of $2,411 per ton. From April 2022 to August 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In August 2022, the countries with the highest prices were Colombia ($1.1 per kg) and Chile ($1.1 per kg), while the price for Mexico ($891 per ton) and Argentina ($976 per ton) were amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Argentina (+0.6%), while the prices for the other major suppliers experienced a decline.

U.S. Lemon And Lime Imports

In August 2022, after five months of growth, there was decline in overseas purchases of lemons And Limes, when their volume decreased by -0.2% to 96K tons. Overall, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in June 2022 when imports increased by 31% against the previous month. Imports peaked at 96K tons in July 2022, and then contracted in the following month.

In value terms, lemon And Lime imports surged to $90M (IndexBox estimates) in August 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 35% against the previous month. Over the period under review, imports attained the maximum at $110M in April 2022; however, from May 2022 to August 2022, imports failed to regain momentum.

U.S. Lemon And Lime Imports by Country

In August 2022, Mexico (66K tons) constituted the largest supplier of lemon And Lime to the United States, accounting for a 69% share of total imports. Moreover, lemon And Lime imports from Mexico exceeded the figures recorded by the second-largest supplier, Argentina (14K tons), fivefold. The third position in this ranking was held by Chile (11K tons), with an 11% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of volume from Mexico amounted to +4.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Argentina (+92.3% per month) and Chile (+158.2% per month).

In value terms, Mexico ($59M) constituted the largest supplier of lemon And Lime to the United States, comprising 66% of total imports. The second position in the ranking was held by Argentina ($14M), with a 16% share of total imports. It was followed by Chile, with a 13% share.

From January 2022 to August 2022, the average monthly growth rate of value from Mexico totaled -4.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Argentina (+93.4% per month) and Chile (+148.9% per month).

Source: https://www.indexbox.io/blog/lemon-and-lime-price-per-ton-august-2022/

Archives, Global Trade Daily, Market insight

U.S. Video Game Console Price Contracts for Two Consecutive Months to $152 per Unit

January 2nd, 2023 IndexBox Leave a comment

U.S. Video Game Console Import Price August 2022

The average video game console price stood at $152 per unit in August 2022, dropping by -8% against the previous month. Over the period under review, import price indicated a buoyant increase from January 2022 to August 2022: its price increased at an average monthly rate of +9.0% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, video game console import price decreased by -10.8% against June 2022 indices. The growth pace was the most rapid in February 2022 when the average import price increased by 32% month-to-month. Over the period under review, average import prices reached the maximum at $171 per unit in June 2022; however, from July 2022 to August 2022, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($261 per unit), while the price for Japan ($25 per unit) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Japan (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Video Game Console Imports

In August 2022, overseas purchases of video game consoles increased by 30% to 7.1M units for the first time since May 2022, thus ending a two-month declining trend. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in May 2022 with an increase of 82% m-o-m. Over the period under review, imports reached the maximum at 7.4M units in January 2022; however, from February 2022 to August 2022, imports failed to regain momentum.

In value terms, video game console imports soared to $1.1B (IndexBox estimates) in August 2022. Over the period under review, total imports indicated a resilient increase from January 2022 to August 2022: its value increased at an average monthly rate of +8.5% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, imports increased by +19.8% against July 2022 indices. The most prominent rate of growth was recorded in May 2022 when imports increased by 102% month-to-month. Imports peaked in August 2022.

U.S. Video Game Console Imports by Country

In August 2022, China (5.8M units) constituted the largest supplier of video game console to the United States, with a 82% share of total imports. Moreover, video game console imports from China exceeded the figures recorded by the second-largest supplier, Japan (927K units), sixfold.

From January 2022 to August 2022, the average monthly rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (-1.7% per month) and Vietnam (-3.0% per month).

In value terms, China ($990M) constituted the largest supplier of video game console to the United States, comprising 91% of total imports. The second position in the ranking was held by Vietnam ($64M), with a 5.9% share of total imports.

From January 2022 to August 2022, the average monthly rate of growth in terms of value from China totaled +9.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (-0.2% per month) and Japan (+19.7% per month).

Source: https://www.indexbox.io/blog/video-game-console-price-august-2022/

Archives, Global Logistics, Global Trade Daily, News, Rail

Rail Traffic for the Week Ending December 24, 2022

December 29th, 2022 AJOT Leave a comment

The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending December 24, 2022.

For this week, total U.S. weekly rail traffic was 400,289 carloads and intermodal units, down 4.8 percent compared with the same week last year.

Total carloads for the week ending December 24 were 193,195 carloads, down 4.1 percent compared with the same week in 2021, while U.S. weekly intermodal volume was 207,094 containers and trailers, down 5.5 percent compared to 2021.

Five of the 10 carload commodity groups posted an increase compared with the same week in 2021. They included motor vehicles and parts, up 1,486 carloads, to 11,349; petroleum and petroleum products, up 892 carloads, to 9,599; and nonmetallic minerals, up 870 carloads, to 23,735. Commodity groups that posted decreases compared with the same week in 2021 included coal, down 9,265 carloads, to 50,264; chemicals, down 1,069 carloads, to 29,505; and grain, down 997 carloads, to 18,198.

For the first 51 weeks of 2022, U.S. railroads reported cumulative volume of 11,796,291 carloads, down 0.1 percent from the same point last year; and 13,266,919 intermodal units, down 4.9 percent from last year. Total combined U.S. traffic for the first 51 weeks of 2022 was 25,063,210 carloads and intermodal units, a decrease of 2.7 percent compared to last year.

North American rail volume for the week ending December 24, 2022, on 12 reporting U.S., Canadian and Mexican railroads totaled 278,859 carloads, down 3.5 percent compared with the same week last year, and 268,287 intermodal units, down 6.7 percent compared with last year. Total combined weekly rail traffic in North America was 547,146 carloads and intermodal units, down 5.1 percent. North American rail volume for the first 51 weeks of 2022 was 34,396,219 carloads and intermodal units, down 1.9 percent compared with 2021.

Canadian railroads reported 64,912 carloads for the week, down 8.3 percent, and 45,613 intermodal units, down 20.6 percent compared with the same week in 2021. For the first 51 weeks of 2022, Canadian railroads reported cumulative rail traffic volume of 7,409,978 carloads, containers and trailers, down 0.7 percent.

Mexican railroads reported 20,752 carloads for the week, up 25.5 percent compared with the same week last year, and 15,580 intermodal units, up 41.6 percent. Cumulative volume on Mexican railroads for the first 51 weeks of 2022 was 1,923,031 carloads and intermodal containers and trailers, up 4.3 percent from the same point last year.

Air Cargo, Airports, Archives, Global Trade Daily, News

Airlines Delay, Cancel Flights Across US as Winter Storm Disrupts Holiday Travel

December 25th, 2022 AJOT Leave a comment

Winter storms pummeling vast areas of the US are prompting widespread flight cancellations and delays from East Coast hubs to the Pacific Northwest, upending airline operations during the busy holiday travel season.

About 3,900 US flights were canceled on Friday as of 11:40 a.m. Eastern, bringing the total to more than 6,500 for the past two days, according to tracking site FlightAware.

Airports in Chicago, Cleveland, Detroit, Buffalo and Seattle were taking the brunt of the impacts with airlines scrapping between one-third and two-thirds of operations, FlightAware reported. New York’s LaGuardia was also hit hard, dropping about 30% of its normal flights. Nearby John F. Kennedy International and Newark Liberty International airports reported less than 10% cancellations, but the rate was still higher than normal.

“It’s so unfortunate,” Helane Becker, a Cowen Inc. analyst, said in an email. “It will be a mess and people will be disappointed. Delays are better than cancellations, but there is nothing they can do about the weather.”

Airlines have for days been proactively trimming their schedules and urging passengers to reschedule flights in an attempt to make the process more orderly. That way, travelers can stay home until their new flight instead of “going to the airport and hoping for the best,” Becker said.

The Federal Aviation Administration said in a statement Friday that severe weather “moving across the Great Lakes into the Northeast will have a major impact on the national airspace system today.” In addition to problems from the storms, the agency warned of heavier-than-normal volumes in Puerto Rico, Gulf of Mexico destinations and ski country areas.

The weather woes add additional stress to airlines, some of which have in recent weeks reported slack demand in December. Carriers have been counting on a steady recovery in air travel to help them return to pre-pandemic sales levels.

Southwest Airlines Co. reported the biggest impacts among carriers Friday, canceling 798, or 19%, of its flights. Chicago’s Midway, one of its busiest airports, reported about half of its arrivals and departures were canceled, according to FlightAware.

Alaska Air Group Inc. dropped 312 flights from its schedule Friday, or 40%, as snow and ice hit its Seattle hub.

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