European Union Archives - Page 4 of 5 - Market Inside - AI-Powered Global Trade Intelligence Platform

May 25, 2022 0Comments 114Views

The Highest UK Inflation In 40 Years, Living Cost Soaring High

The United Kingdom is struck by its 40-year-high inflation rate with the rising living costs in the country. People are suffering the hit of rising prices due to this year’s UK inflation rate. Consumers in the UK are near to the brink of losing control over their household finances. The UK officials are worried about the state of economic crisis for the consumers as to how long people will be able to pay for the prices. Increasing prices of fuel, food, and factors connected to the Russian invasion of Ukraine are pushing inflation. Energy prices are among the biggest factor for the UK inflation rate. Highest UK Inflation In 40 Years As per the official figures released on Wednesday, the

May 21, 2022 0Comments 118Views

Italy Importing Gas From Qatar, But It Might Need To Do More

In the aftermath of the Russia-Ukraine war, the imports-reliant European country, Italy, will import gas from Qatar, which sounds like a ‘short-term solution’ to analysts. Russia’s gas imports account for nearly 40% of Italy’s total imports, as per global trade statistics 2021. However, the decision taken by Italy is deemed to be a temporary relief to the European country and not really pulling it out of the situation completely. The imports in Italy are the main source of its energy generation. A more long-term solution lies in energy generation through alternative methods and measures. Italy – A Heavily-Reliant Importing Country Italy is one of the European countries which relies heavily on the imports of energy commodities such as fossil fuels.

Bangladesh Cosmetics Import-Export and Global Market

May 16, 2022 0Comments 168Views

The Growing Beauty Trend In Bangladesh And Globally Rising Market

Filled not only with an abundance of products but also opportunities, the growth of the cosmetic industry is exponential, and it is increasing gradually too. The cosmetic industry of Bangladesh is in a rising state, and it is not only growing in the usage of beauty products but also increasing in the local manufacturing. Bangladesh’s cosmetic industry is bolstering with the passing of years and the inclusion of everyone using the products for their own purposes and objectives. Bangladesh’s skincare industry (a part of the cosmetics industry) was valued at $1.23 billion in 2020, primarily due to the rising trend in the use of makeup products on social media platforms. The skincare industry of Bangladesh is expected to rise by

March 29, 2022 0Comments 117Views

Russia-Ukraine War – How Reliant is the World on Russian Oil & Gas?

Amid Russia’s invasion of Ukraine, the United States of America, the United Kingdom, and the European Union have announced to restrict Russian crude oil and gas imports. However, still, they are dependent on Russian oil and gas as Russia is the world’s second-largest exporter of crude petroleum oil and seventh-biggest supplier of petroleum gas. According to our database, Russia exported oil worth US$110.1 billion and gas worth US$8.8 billion in 2021. Here is an in-depth analysis of the Russian oil and gas export market and which countries are still buying oil and gas from Russia. What sanctions are there on Russian oil and gas? The United States has announced a complete ban on Russian oil, gas, and coal imports after

March 16, 2022 0Comments 132Views

G7 Countries Not To Limit Their Food Exports, Says Ministers

G7 countries in a recent announcement have pleaded with all the member countries to not restrict or limit their food exports in order to self-sustain or battle out with other countries amid the Russia-Ukraine war. Shipments from Russia and Ukraine are halted due to the war. G7 countries consist of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. Most of these countries are battling out the suddenly barred trade from Russia and Ukraine, both of which are the top food-related industries. Russia – The Largest Fertiliser Exporter Russia is the top exporter and one of the largest producers of fertilisers in the world. It produces 50 million tons of fertilisers annually and accounts for about 15%

March 14, 2022 0Comments 137Views

UK To Cut Off The Trade From Canada For Hormone-Treated Beef

In the early trade negotiations to be conducted between both the regions, the UK is stringent on maintaining its food safety and animal welfare standards. The UK imports about 35% of beef and veal combined annually. Out of approximately 1.5 million tonnes of beef each year, Canada exports around 45% of its produced beef and cattle production. Canada has urged the UK to lift the hormone-treated beef imports ban. UK’s department for international trade said in a statement recently that Canada cultivates a highly hormone-induced beef. As per the UK’s high food safety standards and animal welfare, trade negotiations with other countries must comply with the UK’s import regulations. Is UK A Beef Importer or an Exporter? According to the

Ukraine Clean Energy Market Amid Russia-Ukraine War

March 11, 2022 0Comments 128Views

How Ukraine Clean Energy Market Is Valuable To Russia and the EU?

Russia-Ukraine war is causing troubles across nations as many commodities prices have peaked high, while shipment delays from both Russia and Ukraine are also causing bottlenecks in the supply chain. There are commodities that countries import from both Russia and Ukraine, such as wheat, for which both countries account for 29% of global exports. On the other hand, for the exports of corn, both countries account for around 19% of the global exports. The shortage of commodities is evident in many countries, especially the EU, which accounts for 30-40% of Russian crude oil exports. A big proportion of the market in the EU imports Russian oil to fuel its factories and power plants, fulfilling the energy demand in the region.

Sunflower Oil Prices To Surge Amid The Russia Invasion On Ukraine

February 24, 2022 0Comments 108Views

Sunflower Oil Prices To Surge Amid Russian Invasion Of Ukraine

There are immense, severe consequences emerging from the Russia and Ukraine tensions. Following Russia’s invasion of Ukraine today, the prices of edible oils will go higher, as per traders and manufacturers. The vegetable oils market shook from the sudden impact. Ukraine is the highest exporting country of edible oils, especially sunflower oil, with a 76% contribution to global sunflower oil exports through the Black Sea. Since 2012, Ukraine is the world’s largest exporting country for sunflower oil. Amid the Russian invasion, things are likely to change for many partner countries of Ukraine. Ukraine Sunflower Oil Exports, 2021 Ukraine accounted for the exports of sunflower oil with a worth of $6.4 billion in 2021. While Ukraine’s exports for edible oils are

February 23, 2022 0Comments 131Views

Russia-Ukraine Crisis – Global Supply Chain Impact Likely

Several commodity markets are starting to experience a risk of global supply chain hindrance due to growing tension between Russia and Ukraine. There is still plenty of uncertainty over how the situation will evolve, but it is still worthwhile to look at the potential impact on international trade as prices of several commodities including crude oil, metals, semiconductors, and food supplies have already been shot up. A risk to Russian natural gas flows via Ukraine to Europe arises if Russia invades Ukraine. While, depending on the scale of any invasion, it could also potentially have an impact on the production and export of Ukrainian agricultural commodities, including corn and wheat. Let’s discuss how the Russia-Ukraine conflict may impact the global