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November 16, 2014

China and India: The Powerhouses of the Asia Pacific Cocoa Market

Helen ReavellAnalyst Insight by Helen Reavell - Contributing Analyst

Asia Pacific is currently the third largest region for cocoa ingredients (liquor, butter and powder) worldwide after Western Europe and North America; however, it is set to become the second largest region, overtaking North America by 2017, with consumption exceeding 688,000 tonnes. Regional sales are dominated by China, which accounted for 40% of volume sales in 2013, while the second largest market is India, with 11% of volume. Both China and India have seen strong growth in the cocoa ingredients in recent years, with China posting an average annual growth rate of 6% and India 16% over 2008-2103. Similarly, forecast rates are also strong at 5% and 11% over 2013-2018. However, this growth is being driven by quite different consumption patterns in these two countries.

Cocoa ingredients in India, more closely matches that of the worldwide market. Cocoa liquor takes the largest share at 43% (37% worldwide), cocoa butter 29% (33%) and cocoa powder 27% (30%). Meanwhile, China is quite different, with cocoa liquor only accounting for 23% of total cocoa volumes, cocoa butter 17%, but cocoa powder reaching 60%.

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November 12, 2014

Beer with Ketchup and Vodka with Mayonnaise

Oksana MalynovskaAnalyst Insight by Oksana Malynovska - Head of Industry Research

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Traditionally, specific countries are associated with specific drinks, for example tea in China, wine in France or beer in Belgium. Often a country is associated with more than one drink, for example vodka and tea in Russia or wine and coffee in Italy. It is the local heritage and culture of consumption that define these associations.

Work done by Euromonitor International’s Centre for Analytics, Modelling and Innovation (CAMI) seems to suggest that analysing drinking cultures alongside national food preferences might reveal additional correlations. There seems to be a relationship between sales of a particular type of alcohol and nuances of national cuisine. Beer sales, for example, correlate well with ketchup. Wine sales tend to follow cheese. And vodka sales correlate well with mayonnaise.

Vodka and Mayonnaise Sales, 2014

Source: Euromonitor International

Note:  shaded area indicates confidence bands (the strength of linear relationship). More points covered by the shaded area indicates stronger relationship between variables.

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November 7, 2014

Trends in Global Industry

Trends outlined in this video included German automotive production, real estate in Asia Pacific and global telecommunications.  Watch the video for statisicts and insights.

October 26, 2014

China's Wages set to Rise in the Near Future

China accounted for around a third of total global manufacturing output in 2013 and an increase in the cost of labour will have a direct impact on the price of end consumer goods as well as company profit margins. As a result, some manufacturers will move their production hubs to other low-cost markets such as Indonesia and Vietnam. Watch the full video for complete insights.

Carrie_LennardVideo Features Carrie Lennard - Business Environment Manager

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Commodities Roundup: October 2014

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Prices in nearly all commodities continued to decline in October driven by slowing global economic growth and concerns about demand.  Listen to the full podcast for insights into oil, grains, grapefruit, beef, and more.

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An HodgsonPodcast Features An Hodgson, Industry, Infrastructure and Environment Manager

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October 11, 2014

Low Price of Iron Ore is Changing the Global Competitive Landscape

Andrius BalsysAnalyst Insight by Andrius Balsys - Industry Analyst

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The iron ore market is experiencing dramatic changes, with its price declining by 32% to US$92.61 since December 2013. The price is declining due to slower-than-expected construction industry growth in China, but mostly due to increasing production of iron ore in the mines of Australia and Brazil operated by BHP Billiton Ltd, Rio Tinto Group and Vale SA (also known as the Big Three).

 

China is responsible for 45% of steel consumption in the world. The construction industry accounts for over a quarter of total steel demand in China. Consequently, construction industry changes in China have the greatest influence on the demand for steel globally. Chinese economic growth is slowing, therefore growth in the Chinese construction industry is expected to ease to 7% in 2014, compared to 9.3% in 2013. Declining demand is pushing prices even further downwards.

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October 3, 2014

Euromonitor International Helps Promote Brazil-US Trade

ApexBrazilHeader

Euromonitor International is excited to announce upcoming trade expos in Chicago and Houston to connect US importers, restaurants, grocers and food manufactures with leading Brazilian food and beverage exporters.  The goal of these events is to provide an opportunity for US companies to interact and conduct one on one business conversations with exporters from Brazil. There is no pressure to come to any agreements at this event, rather, the focus will be on sharing information about Brazilian food products  that are available to the US market.  In addition to meeting potential new suppliers, participating US companies will learn more about Doing Business with Brazil and are able to network with many other stakeholders within their respective industries.

For interested and qualified US companies that are outside the Chicago and Houston areas we will be covering travel expenses (including hotel accommodations at a business class hotel and flights to and from the event) to help facilitate attendance. 

The Houston, TX event will be held on Wednesday, October 29, 2014 at a downtown Houston hotel.

The Chicago, IL event will be held on Friday, October 31, 2014 at a downtown Chicago hotel.

We are expecting spots to fill up quickly, so please apply for an invitation and a Euromonitor representative will contact you to discuss your company’s participation in more detail. 

 


Apply-Now

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September 26, 2014

Commodities Roundup: August and September 2014

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An HodgsonAn Hodgson, Industry, Infrastructure and Environment Manager

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Commodity prices in energy and agriculture fell in August 2014. Natural gas prices in the US fell by 3.8% for the first time in nine months as a result of supply stockpiles and mild weather. Pork prices plunged by 15.1% from the 29-year high seen in July. Falling energy and agricultural prices both lower production costs for businesses and increase purchasing power for consumers, which boost GDP in affected markets. Looking forward, we can expect the price gap between crude oil in the US and Europe to widen in the coming months.

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September 8, 2014

Dry Shampoos Succeed through a Beauty Positioning

Anaïs_MirvalAnalyst Insight by Anais Mirval - Ingredients Analyst

Convenience is an underlying trend in most beauty and personal care categories. In hair care, consumers are looking for products that are easy to use and can help them save time. The recent success of products that have been around for a long time like dry shampoos and the development of practical mousse colourants is proof of the enduring popularity of the convenience trend in hair care. But, as hair care continues its alignment with beauty, manufacturers will have to focus their message on the glamorous side of the business.

Saving time with dry shampoos

Global Growth of Propellants in Hair Care

Source: Euromonitor International

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August 26, 2014

Fresh Food Producer Bodies Need to Get More Involved in Children’s Education

Simone_BarokeAnalyst Insight by Simone Baroke

Children know less and less about food. Urbanisation and the demise of smallholder farming are the key culprits. The classroom has to take over from educational summers spent at grandparents’ farms. And, although the industry is already making a rash of commendable efforts, more could be done to move fresh foods to the forefront of children’s minds, by making it, for example, an integral part of history, social science, languages and, of course, science subjects.

Animal, Vegetable, Mineral?

Surveys highlighting schoolchildren’s woeful lack of knowledge in the area of food provenance surface at regular intervals. The British Nutrition Foundation (BNF), a multi-stakeholder, partly industry-funded, not-for-profit organisation that disseminates nutrition information to health professionals and the general public, conducts one of these annually, and its May 2014 findings were pretty much in line with those of previous years: one quarter of 5-8-year-olds believed that bread came from animals and cheese from plants. In older children, such misconceptions, although less prevalent, were still surprisingly common. Also, 17% of primary school children in the BNF survey thought that fish fingers were made from chicken, while one in 10 believed bacon to be derived from sheep.

Continue reading "Fresh Food Producer Bodies Need to Get More Involved in Children’s Education" »

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Recent Posts

China and India: The Powerhouses of the Asia Pacific Cocoa Market

Beer with Ketchup and Vodka with Mayonnaise

Trends in Global Industry

China's Wages set to Rise in the Near Future

Commodities Roundup: October 2014

Low Price of Iron Ore is Changing the Global Competitive Landscape

Euromonitor International Helps Promote Brazil-US Trade

Commodities Roundup: August and September 2014

Dry Shampoos Succeed through a Beauty Positioning

Fresh Food Producer Bodies Need to Get More Involved in Children’s Education