The 2011 Import and Export Market for Unwrought Tungsten (Wolfram), Molybdenum, Tantalum, and Magnesium in the United Kingdom

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The 2011 Import and Export Market for Unwrought Tungsten (Wolfram), Molybdenum, Tantalum, and Magnesium in the United Kingdom Powered By Docstoc
					   The 2011 Import and Export
     Market for Unwrought
      Tungsten (Wolfram),
   Molybdenum, Tantalum, and
    Magnesium in the United
            Kingdom

                                         By
                         Professor Philip M. Parker, Ph. D.
                      Chaired Professor of Management Science
                    INSEAD (Singapore & Fontainebleau, France)




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                                About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.

Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.



                                 About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.



                               Acknowledgements
Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.



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                                                         Contents        v


Table of Contents
1     INTRODUCTION AND METHODOLOGY                                   7
2     THE UNITED KINGDOM AND THE WORLD MARKET                        9
    2.1    Imports in the United Kingdom in 2011                     9
    2.2    Exports from the United Kingdom in 2011                  10
3     IMPORTS IN THE UNITED KINGDOM                                 11
    3.1      Africa                                                 11
       3.1.1    Kenya                                               11
       3.1.2    Nigeria                                             11
       3.1.3    South Africa                                        11
    3.2      Asia                                                   12
       3.2.1    China                                               12
       3.2.2    Hong Kong                                           13
       3.2.3    India                                               13
       3.2.4    Japan                                               14
       3.2.5    Malaysia                                            14
       3.2.6    Singapore                                           15
       3.2.7    South Korea                                         15
       3.2.8    Taiwan                                              16
    3.3      Europe                                                 17
       3.3.1    Austria                                             17
       3.3.2    Belgium                                             18
       3.3.3    Czech Republic                                      18
       3.3.4    Denmark                                             19
       3.3.5    Estonia                                             19
       3.3.6    Finland                                             20
       3.3.7    France                                              20
       3.3.8    Germany                                             21
       3.3.9    Greece                                              22
       3.3.10 Ireland                                               22
       3.3.11 Italy                                                 22
       3.3.12 Lithuania                                             23
       3.3.13 Norway                                                23
       3.3.14 Poland                                                24
       3.3.15 Russia                                                24
       3.3.16 Spain                                                 25
       3.3.17 Sweden                                                25
       3.3.18 Switzerland                                           26
       3.3.19 the Netherlands                                       27
       3.3.20 Ukraine                                               28
    3.4      North America & the Caribbean                          28
       3.4.1    Canada                                              28
       3.4.2    the United States                                   29
    3.5      Oceana                                                 30
       3.5.1    Australia                                           30
    3.6      the Middle East                                        31
       3.6.1    Israel                                              31
       3.6.2    Turkey                                              31
4     EXPORTS FROM THE UNITED KINGDOM                               32


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                                                           Contents        vi

    4.1      Africa                                                   32
       4.1.1    South Africa                                          32
       4.1.2    Sudan                                                 32
    4.2      Asia                                                     33
       4.2.1    China                                                 33
       4.2.2    Hong Kong                                             34
       4.2.3    India                                                 35
       4.2.4    Japan                                                 36
       4.2.5    Singapore                                             37
       4.2.6    South Korea                                           38
       4.2.7    Thailand                                              38
    4.3      Europe                                                   39
       4.3.1    Austria                                               39
       4.3.2    Belgium                                               40
       4.3.3    Finland                                               40
       4.3.4    France                                                41
       4.3.5    Germany                                               42
       4.3.6    Greece                                                43
       4.3.7    Ireland                                               43
       4.3.8    Italy                                                 44
       4.3.9    Lithuania                                             44
       4.3.10 Luxembourg                                              45
       4.3.11 Norway                                                  45
       4.3.12 Poland                                                  46
       4.3.13 Spain                                                   46
       4.3.14 Sweden                                                  47
       4.3.15 Switzerland                                             48
       4.3.16 the Netherlands                                         49
    4.4      Latin America                                            50
       4.4.1    Brazil                                                50
    4.5      North America & the Caribbean                            51
       4.5.1    Canada                                                51
       4.5.2    the United States                                     52
    4.6      Oceana                                                   53
       4.6.1    Australia                                             53
    4.7      the Middle East                                          53
       4.7.1    Israel                                                53
5     DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS          54
    5.1    Disclaimers & Safe Harbor                                  54
    5.2    ICON Group Ltd. User Agreement Provisions                  55




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Unwrought Tungsten (Wolfram), Molybdenum, Tantalum, and Magnesium in the United Kingdom       7


1      INTRODUCTION AND METHODOLOGY
On the demand side, exporters and strategic planners focusing on unwrought tungsten (wolfram),
molybdenum, tantalum, and magnesium in the United Kingdom face a number of questions.
Which countries are supplying unwrought tungsten (wolfram), molybdenum, tantalum, and
magnesium to the United Kingdom? How important is the United Kingdom compared to others
in terms of the entire global and regional market? How much do the imports of unwrought
tungsten (wolfram), molybdenum, tantalum, and magnesium vary from one country of origin to
another in the United Kingdom? On the supply side, the United Kingdom also exports
unwrought tungsten (wolfram), molybdenum, tantalum, and magnesium. Which countries
receive the most exports from the United Kingdom? How are these exports concentrated across
buyers? What is the value of these exports and which countries are the largest buyers?

This report was created for strategic planners, international marketing executives and
import/export managers who are concerned with the market for unwrought tungsten (wolfram),
molybdenum, tantalum, and magnesium in the United Kingdom. With the globalization of this
market, managers can no longer be contented with a local view. Nor can managers be contented
with out-of-date statistics which appear several years after the fact. I have developed a
methodology, based on macroeconomic and trade models, to estimate the market for unwrought
tungsten (wolfram), molybdenum, tantalum, and magnesium for those countries serving the
United Kingdom via exports, or supplying from the United Kingdom via imports. It does so for
the current year based on a variety of key historical indicators and econometric models.

In what follows, Chapter 2 begins by summarizing where the United Kingdom fits into the world
market for imported and exported unwrought tungsten (wolfram), molybdenum, tantalum, and
magnesium. The total level of imports and exports on a worldwide basis, and those for the
United Kingdom in particular, is estimated using a model which aggregates across over 150 key
country markets and projects these to the current year. From there, each country represents a
percent of the world market. This market is served from a number of competitive countries of
origin. Based on both demand- and supply-side dynamics, market shares by country of origin are
then calculated across each country market destination. These shares lead to a volume of import
and export values for each country and are aggregated to regional and world totals. In doing so,
we are able to obtain maximum likelihood estimates of both the value of each market and the
share that the United Kingdom is likely to receive this year. From these figures, rankings are
calculated to allow managers to prioritize the United Kingdom compared to other major country
markets. In this way, all the figures provided in this report are forecasts that can be combined
with internal information sources for strategic planning purposes.

After the worldwide summary in Chapter 2 of both imports and exports of unwrought tungsten
(wolfram), molybdenum, tantalum, and magnesium, Chapter 3 goes into detail on imports, but for
each major country of origin serving the United Kingdom. A “major” market is defined as a
country where the United Kingdom represents a substantially large share of either imports or
exports. For each major country exporting to the United Kingdom, one can thus observe how


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Unwrought Tungsten (Wolfram), Molybdenum, Tantalum, and Magnesium in the United Kingdom             8

important the United Kingdom is to that exporting country compared to other countries of the
world. Chapter 4 does the same, but for exports of unwrought tungsten (wolfram), molybdenum,
tantalum, and magnesium originating from the United Kingdom, for each major country of
destination. In doing so, one can discover the share that the United Kingdom has in each major
market; this share value is often used as a measure of competitiveness for the United Kingdom.
In all cases, the total dollar volume and percentage share values by major trading partner are
provided. Combined, Chapters 3 and 4 present a the total picture for imports and exports of
unwrought tungsten (wolfram), molybdenum, tantalum, and magnesium to and from the United
Kingdom to and from all other major countries in the world. "Unwrought Tungsten (Wolfram),
Molybdenum, Tantalum, and Magnesium" as a category is defined in this report following the
definition given by the United Nations Statistics Division Classification Registry using the
Standard International Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code that
defined "unwrought tungsten (wolfram), molybdenum, tantalum, and magnesium" is 6891 . For
more information on this definition, please refer to the following web site:
http://unstats.un.org/unsd/cr/registry/regcs.asp?Cl=14&Lg=1&Co=689 .

This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at www.icongrouponline.com.

Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular trade flows that would have occurred had these events not have taken place.




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Unwrought Tungsten (Wolfram), Molybdenum, Tantalum, and Magnesium in the United Kingdom                 9


2       THE UNITED KINGDOM AND THE WORLD
        MARKET
2.1         IMPORTS IN THE UNITED KINGDOM IN 2011
       Imported Unwrought Tungsten (Wolfram), Molybdenum, Tantalum, and
                      Magnesium in the United Kingdom, 2011
                              (Structure of Foreign Import Competition)

Country of Origin             Rank         Value (000 US$)              % Share        Cumulative %
_________________________________________________________________________________________________________
China                             1                   47,643                26.37                 26.37
the United States                 2                   37,889                20.97                 47.34
Germany                           3                   37,015                20.49                 67.83
Austria                           4                   24,956                13.81                 81.64
South Africa                      5                    4,730                 2.62                 84.26
Canada                            6                    4,119                 2.28                 86.54
Russia                            7                    3,365                 1.86                 88.40
Belgium                           8                    3,164                 1.75                 90.15
the Netherlands                   9                    3,095                 1.71                 91.86
France                           10                    2,765                 1.53                 93.39
Japan                            11                    1,925                 1.07                 94.46
India                            12                    1,524                 0.84                 95.30
Sweden                           13                    1,101                 0.61                 95.91
Taiwan                           14                    1,076                 0.60                 96.51
Spain                            15                      956                 0.53                 97.04
Italy                            16                      911                 0.50                 97.54
Czech Republic                   17                      783                 0.43                 97.97
Singapore                        18                      599                 0.33                 98.31
South Korea                      19                      533             
				
DOCUMENT INFO
Description: On the demand side, exporters and strategic planners focusing on unwrought tungsten (wolfram), molybdenum, tantalum, and magnesium in the United Kingdom face a number of questions. Which countries are supplying unwrought tungsten (wolfram), molybdenum, tantalum, and magnesium to the United Kingdom? How important is the United Kingdom compared to others in terms of the entire global and regional market? How much do the imports of unwrought tungsten (wolfram), molybdenum, tantalum, and magnesium vary from one country of origin to another in the United Kingdom? On the supply side, the United Kingdom also exports unwrought tungsten (wolfram), molybdenum, tantalum, and magnesium. Which countries receive the most exports from the United Kingdom? How are these exports concentrated across buyers? What is the value of these exports and which countries are the largest buyers? This report was created for strategic planners, international marketing executives and import/export managers who are concerned with the market for unwrought tungsten (wolfram), molybdenum, tantalum, and magnesium in the United Kingdom. With the globalization of this market, managers can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics which appear several years after the fact. I have developed a methodology, based on macroeconomic and trade models, to estimate the market for unwrought tungsten (wolfram), molybdenum, tantalum, and magnesium for those countries serving the United Kingdom via exports, or supplying from the United Kingdom via imports. It does so for the current year based on a variety of key historical indicators and econometric models. In what follows, Chapter 2 begins by summarizing where the United Kingdom fits into the world market for imported and exported unwrought tungsten (wolfram), molybdenum, tantalum, and magnesium. The total level of imports and exports on a worldwide basis, and those for the United Kingdom in
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