Italy edged ahead of Spain to become the world’s top exporter of wine in 2023. The country shipped 20.8 million hectoliters of the beverage in that year, compared to Italy's 21.4 million and France’s 12.7 million. 2023 saw a dip in wine production worldwide compared to 2022. Overall, 237.3 million hectoliters of wine were produced compared to 262.6 million in 2022. Spanish wine Despite having the most area of land utilized for wine production in the world, Spain is the third overall wine producer by volume. In 2022, the country produced 35.7 million hectoliters, compared to production leader Italy’s 49.8. This discrepancy is due, at least in part, to the low yields of Spanish vines which are often planted in relatively dry and infertile soil. Imports Of the top three exporters, only France ranks in the top five of wine importing countries, receiving 6.5 million hectoliters=, at a value of 988 million euros in 2022.

In 2024, the total value of Chinese merchandise imports and exports amounted to about 43.8 trillion yuan. This indicated approximately five percent growth compared to the previous year. China’s international trade relations In 2012, China surpassed the United States to become to the world’s largest trading country in terms of exports and imports of goods. While the United States remained the largest import nation with an import value of around 3.17 trillion U.S. dollars in 2023, China ranked first in global exports with an export value of some 3.38 trillion U.S. dollars in 2023.According to the National Bureau of Statistics of China, in 2023, the United States was the second most significant export partner of China with a share in total exports of about 14.7 percent. China is also one of the United States’ most potential markets for exports. As of 2024, exports from the United States to China had expanded more than seven-fold since China joined the World Trade Organization in 2001. The European Union was the third most important export partner of China as of 2024, after ASEAN and the United States. Exports to the EU are dominated by industrial and consumer goods such as machinery and equipment, as well as footwear and clothing. Chinese imports from the EU are mainly machinery and transport equipment, chemical products and miscellaneous manufactured articles. Hong Kong plays a unique role in intermediating and facilitating trade between China and the rest of the world. Mainland Chinese companies sell goods to Hong Kong which re-exports them at marked up prices. Majority of exports from Hong Kong are re-exports.

In 2023, electronics, computers, and components exports had the largest value amongst Vietnam's major commodities, at approximately 57.3 billion U.S. dollars. Meanwhile, phones and related components contributed around 52.4 billion U.S. dollars to total export earnings that year.

Vietnam – An export-driven country

Vietnam had greatly increased its volume and value of international trade since implementing economic reforms, or Đổi Mới in 1986. After Đổi Mới, Vietnam's trade balance recorded its first trade surplus in 2012 at around 750 million U.S. dollars. In 2019, Vietnam saw a negative growth rate of worldwide exports for the first time since 2010, with a total export value reaching over 361.93 billion U.S. dollars that year. The country’s main export partners include the United States, the European Union, China, Japan, and South Korea.

International trade agreements

In 2019, Vietnam signed several significant trade agreements such as the EU-Vietnam Free Trade Agreement (EVFTA), which led to the reduction of tariffs and customs duties for both Vietnam and the European Union, as well as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which not only gave Canada access to the Vietnamese market, but also facilitated the integration of Vietnam in the global value chain.

The United States has the greatest LNG export capacity of any country worldwide. As of September 2024, U.S. terminals for liquefied natural gas exports had a combined capacity of 92.9 million metric tons per year. In 2023, the United States was the largest LNG exporting country, followed by Qatar and Australia. The U.S. took the top spot due to an increase in shipments to Europe in 2023. LNG trading on the rise Since 1970, the global LNG trade volume has increased by over 500 billion cubic meters. Countries in East Asia, such as Japan and China, have historically been among the main LNG importing countries. The future of LNG By cooling natural gas to -260 degrees Fahrenheit/-162 degrees Celsius, the volume is reduced by a factor of 600, guaranteeing easier transport and storage. Some industry groups have promoted LNG as aiding in decarbonization targets as natural gas has a lower carbon intensity than coal, although emission levels are still significant. LNG trading allows gas to be shipped to countries without pipeline infrastructure and thus diversifies the energy market. The United States is expected to add more than 300 million metric tons of annual LNG export capacity in the future.

As per Cognitive Market Research's latest published report, the Global Container Handlers market size was USD 1,452.75 Million in 2016 and it is forecasted to reach USD 2,085.94 Million by the end of 2028. Container Handlers Industry's Compound Annual Growth Rate will be 5.74% from 2023 to 2030.

The North America Container Handlers market size is anticipated to reach USD 543.18 Million by 2028.

What are the key driving factors for Container Handler Market?

Rising international trades owing to globalization and industrialization.

International trade is referred to exchange of capital, goods and services across international borders. Increasing population and lack or limitation of resources to meet the domestic demand, give birth to import goods and services leading to international trade.

Globalization and industrialization of business plays a vital role in the economic development of the company and the country. Several major players in industry including automotive, food and beverages, consumer goods, clothing among others are expanding their business across the borders.

The enhancing internet accessibility, awareness regarding the foreign products, cultures, modernization increasing disposable income led to the generation of demand for foreign goods. This is enhancing the need to fulfil the growing demand which is increasing its transport across the globe. Moreover, government of various developing countries are inviting foreign companies for industrialization.

The industrialization helps to improve economic status of the countries as it generates job opportunity, bring advance technologies and also help to improve the quality life of people. Data shows that the Asian countries shows the growth of 4% in foreign investment in 2020 which accounts for more than half of global inward and outward flows. The growth has driven by countries including China, Hong Kong, India and the United Arab Emirates. The production recovery in trade and industrial in second half of 2020 provide a strong foundation for FDI growth in 2021.

As the globalization and industrialization increases, the imports and exports of goods, raw materials, etc. also increases resulting in increased demand for transport of goods.

Several benefits associated with container trading through sea and rail, manufacturers are more opting in for container trading. As a logistics core between land and sea transportation, container terminals perform an unconditionally critical role in the seaborne trade. The container trade flows within Asia reached an estimated volume of 43.5 million TEUs, in north America 21.8 million TEUs and in Europe 14.3 million TEUs in 2021 and is expected to grow at a compound annual growth rate of 3.9 percent in following years.

Container handler are the specialized equipment which are used to stack, lift and handle emptied containers and heavy loaded containers. These handlers offer efficiency in the business process thus, enhancing the productivity.

Many companies also provide the container services such as buying, selling and leasing among others which also facilitates the easy container trading. This results in the increase generation of interest in the container trading which ultimately enhances the market of container handler. Hence with the increasing international trade in accordance with globalization and industrialization, the market of container handler is growing.

Restraints for Container Handlers Market

Higher cost associated with use of container handler (Access Detailed Analysis in the Full Report Version)

Opportunities for Container Handlers Market

Growing automation in container handling equipment industry (Access Detailed Analysis in the Full Report Version)

What is a Container Handler?

A container handler is a specialized forklift that can stack empty containers as well as lift and move heavy full containers. Their movement and operation are smooth and accurate, and they come in a variety of functions and designs to fit any container handling need. They are made to maximize productivity, with ergonomics and safety at the forefront of the design and usage.

Container handlers can help a variety of organizations by providing an efficient, safe, and precise container and material handling solution. It is recognized for its extended service life and low operating costs. They also work at high speeds. Container han...

As per the latest market research conducted by FMI, the globalphosphatidylserine marketis expected to record a CAGR of5.3%from 2023 to 2033. In 2023, the market size is projected to reach a valuation ofUS$ 178.19 million. By 2033, the valuation is anticipated to be worthUS$ 298.1 million.

How The Market Progressed Till June 2022?

Growth Outlook of Country-wise Insights

Report Scope

Russia accounted for 18 percent of the value of natural gas imports into the European Union (EU) from non-EU countries in the second quarter of 2024. The share was higher than in the corresponding period of the previous year, but significantly lower than in 2021. The decrease was due to the Western sanctions on Russia over its invasion of Ukraine and the reduction of gas supplies by Gazprom to Europe. Which EU countries import gas from Russia? In 2023, the EU imported 27 billion cubic meters of natural gas via pipelines from Russia, compared to 140 billion cubic meters in 2021. Among the EU countries, Germany was by far the largest importer of natural gas from Russia. Central and Eastern European (CEE) countries such as Poland, Czechia, and Hungary also ranked in the top 10 before the war in Ukraine given their high dependence on Russian gas. After the onset of the war in 2022, Turkey and China emerged as some of the largest buyers of Russian pipeline gas. The future of natural gas in a climate-neutral Europe Gas continues to be the second-most important primary energy source in the EU, after petroleum-based products. However, to stay within the Paris Agreement’s target of 1.5 degrees Celsius, the EU is actively looking for ways to accelerate the transition to more renewable sources of energy, including the adoption of the European Green Deal and the Commission’s "Fit for 55" proposal and RePowerEU plan. Under these sustainable scenarios, the European gas demand is estimated to fall from 617 billion cubic meters in 2018 to 380 billion cubic meters in 2040.

In 2022, the South Korean music industry imported content worth around 15.4 million U.S. dollars. This represents an increase compared to the previous year. This was the highest import value recorded since 2006.