Uncategorized Archives - Page 9 of 14 - Market Inside - AI-Powered Global Trade Intelligence Platform

May 31, 2022 0Comments 152Views

Four EU Countries Jointly Set an Offshore Wind Target of 65 GW by 2030

Four European Union (EU) countries – Belgium, Denmark, Germany, and the Netherlands jointly set an offshore wind target of at least 65 gigawatts (GW) by 2030. That figure is intended to get more than double to 150 GW by 2050. According to the Global Wind Energy Council, these four countries were having 35.3 GW of global offshore wind capacity as of September 2021. Big Offshore Wind Push in Europe The big offshore wind push by Belgium, Denmark, Germany, and the Netherlands jointly will deliver at least half the capacity needed for the European Union to reach net-zero by 2050. The EU has set an overall target of generating 300 GW of offshore wind by 2050, which is up from the

May 27, 2022 0Comments 160Views

Colombia’s Exports to the United Kingdom Increase in 2021

Colombia’s exports to the United Kingdom reached US$451 million in 2021, an increase from US$377.1 million reported in 2020. According to the reports, the bilateral trade relations between the two countries are in a period of prosperity, which is explained by the exit of the United Kingdom from the European Union. After Brexit, the United Kingdom is looking towards Colombia and Latin America for importing goods. Visualize data on Colombia’s exports to the United Kingdom and get a bigger and clear picture of trade between the two countries. Colombia’s Exports to the UK by Year Colombia shipped US$1,128.5 million worth of commodities to the United Kingdom in 2012. That dollar amount started declining and reached a low of US$377.1

May 25, 2022 0Comments 139Views

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 142Views

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 186Views

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

May 10, 2022 0Comments 105Views

Turkey’s Barley Imports Increased Sharply in 2021 Due to Low Production

Turkey has reported a sharp increase in barley imports in 2021 due to low production. According to our database, Turkey’s barley imports totalled US$668.6 million in 2021, a rise from the 2020s US$163.4 million. Russia and Ukraine were the top suppliers of barley to Turkey. Turkey produced about 4500000 MT of barley in 2021, down by 44.44% as compared to the previous year. Get a complete picture of Turkey imports of barley and barley production in Turkey for detailed and better analysis. Barley Production in Turkey (2012-2021) Despite the decline in the assessment of domestic consumption, a significant reduction in barley production creates the need to increase grain imports, the volumes of which this season may become record-breaking. In 2021,

April 30, 2022 0Comments 182Views

Dried Spices Market: The Growing Line of Ancient Commodities

Spices are the most ancient form of food commodities in the world, introduced by Asian nations such as India and China, and traded by Arab nations such as Saudi Arabia and Egypt, in the medieval period. The history of spices goes a long way back to human civilization’s growing age, especially expanding their horizon to other regions, which led to the discovery of spices (including dried spices). In the present times, the market of spices, specifically the dried spices market has made its way to a growing compound annual growth rate of 4.6%, and it is due to see a growing impact in the food industry. Being used as a “food-enhancer”, the dried spices are expected to reach a value

April 28, 2022 0Comments 144Views

Sri Lanka Economic Crisis – Sector-wise Snapshot of Sri Lankan Trade

India’s southern neighbour, Sri Lanka is struggling with the worst economic crisis since independence in 1948. The island nation is on the brink of bankruptcy, with nearly USD 7 billion of its total USD 25 billion in foreign debt due for repayment this year. A severe shortage of foreign exchange means the country lacks the money to buy imported goods. The people of Sri Lanka are facing severe shortages of essential items like food, cooking gas, fuel, and medicines. In terms of trade, Sri Lanka is not having enough money to buy goods from other countries and to manufacture commodities in their own country for meeting rising demand & export to other nations as well. That is why Indian exporters

April 12, 2022 0Comments 154Views

US Bird Flu Outbreak Will Affect Its Top Poultry Meat Exports

US broiler meat market is the largest meat market, which produces around 500-600 million chickens and 300-400 million Turkeys. USA’s poultry production outperforms the poultry industry by producing over 17% of global poultry meat and near about 7-10% of global production of eggs. After Brazil (3,875 thousand metric tons), the USA market has the largest potential. Since the beginning of the year 2022, avian influenza has impacted around 22 states of the US, as per the official statement of the US Department of Agriculture (USDA). This is going to raise the price of poultry meat and eggs, impacting the exports of broiler meat which is the largest meat export of the US by far more than any other country in