This report is dedicated to the business insights from the past days of January, which you can explore further below.
Business Insight
π Fast-Moving Consumer Goods (FMCG), also known as perishable goods, possess specific characteristics:
πΈ They have a limited expiration date, requiring swift distribution and sales.
πΉ Profit margins are not high, but the demand and sales volume are significant, constituting the profit locus for producers.
πΈ FMCG products include items such as canned goods, energy drinks, and biscuits.
π The Sadarak Market in the capital of Azerbaijan is considered the most significant market and trade gateway for the country.
π€ The importance of this region is to the extent that it has a separate customs facility, allowing merchants with warehouses or stores to clear their goods directly through the customs of this area.
β‘οΈ The primary products in this market originate from Turkey, Russia, and China, including items such as household appliances, clothing, furniture, building materials, kitchenware, and more.
βοΈ When negotiating with East Asian traders, factors such as respect for hierarchy and age are crucial.
β Communication is usually indirect, and non-verbal cues like body language play a significant role.
π€ Patience is essential, as decision-making and building trust, especially in initial transactions, take priority.
β The leather industry in Iran has a long history, with Iranians being considered the world's first leather producers.
π Leather in Iran is produced in various forms (rawhide, salambor, wat blau, crust, colored crust leather, shoes, bags, and other leather products) and due to its high quality and reasonable prices, it has a significant demand in Arab countries.
π₯³ One of the famous markets in Baghdad is Shorja or Al-Shorja Market, where most merchants visit to purchase necessary items.
βοΈ In this market, you can find products like clothing, groceries, and household items.
π Therefore, if you intend to connect with wholesale buyers, this place can be an excellent target market.
πΈ Cuba, a member of the Eurasian Economic Union (EEU), is deepening its trade, economic, and financial relations with other member countries.
π΅ This expansion is in line with the country's president's directive to overcome financial recession and access new markets within this bloc.
π€ The Southern Common Market (Mercado Comun del Sur), or Mercosur, with a population of over 270 million, is a regional trade bloc established in 1991 based on the Asuncion Treaty between Brazil, Argentina, Uruguay, and Paraguay.
β In addition to the core members, Bolivia, Chile, Colombia, Ecuador, Peru, Guyana, and Suriname are currently observer members of Mercosur.
π― The goal of creating this trade bloc is to enhance free trade, coordinate economic policies, facilitate the free exchange of goods, and ease commercial transactions.
π» Using trademap.org, you can access global trade statistics categorized by product, region, country, and year.
π This information is presented in tables, charts, and graphs.
π Providing not only export and import figures but also market growth percentages compared to previous years, assisting traders in analyzing various markets effectively.
π§· Germany is one of the largest importers of tomato paste, sourcing it from Italy, Spain, Portugal, and Turkey.
π‘ Tomato paste in the German market, with Brix levels of 30-32, is predominantly consumed in canned form.
βοΈ Additionally, peeled tomatoes in 800-gram cans have a significant customer base in this market.
π In Iran, due to weather conditions, pistachio production has declined, resulting in increased prices compared to previous years, while the pistachio industry in the United States is expanding, and its exports are growing.
β‘οΈ However, the taste and flavor of Iranian pistachios take the lead in the global dried fruit market.
π It's interesting to note that among vegetable products, fresh watermelon tops the list in exports, followed by melons and eggplants to other countries.
β Watermelon, after pistachios, holds the second position in agricultural exports.
π Import of liquefied gas into Pakistan is expected to rise.
π Following the approval from the Senate Oil Committee, the private sector in Pakistan can expand LNG imports to reduce natural gas prices and increase supply.
Visual Magazine January 18th
In this section, we take a glance at the visual magazine of the end of month and the events that unfolded throughout the week.
Mr. Ghorbani's meeting with international negotiators
Mr. Shabani's meeting with foreign agency managers
Mohammadtaghi Qasemi, former deputy for diplomatic ceremonies
Mahdi Haji Mohammadi, university professor
Mr. Hashemi and Mr. Rezai, producers of PVC raw materials
Mr. Bazrafshan, producer of agricultural products
Representatives of Guinea and Mali at the confectionery equipment factory
Representatives from Guinea and Somalia at the bitumen factory
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