MarketLine Blog

Posts tagged to Developing Countries

International Trade: Where do the ships sent to unsafe breaking yards come from?

MarketLine

The beaches of Alang in India and Gadani in Pakistan are major worldwide centres of the ship breaking industry. Together with Chittagong in Bangladesh, these breaking yards are also notorious for poor working conditions, health and safety issues and environmental concerns. In June 2014 for example, five people were killed and at least ten were injured following an explosion in a chemical tanker that was being salvaged and scrapped in Alang. The explosion was triggered by a suspected gas leak. With the nearest hospital 50km away in Bhavnagar, there are… Read more

Developing Economies Provide a Source of Growth to the Kitchen Appliances Market

  The global economic slowdown continues to squeeze consumer purchases, but the Kitchen Appliances market continued to grow in 2011, with stalling demand in several significant markets offset by surges in developing economies. Volume levels are also increasing in a similar fashion. The global market expanded by 7.1% in 2011, to reach a value of $157.6 billion, indicating a compound annual growth rate (CAGR) of 4.1% in the period 2007-2011. Growth in this period was primarily driven by Asia-Pacific and the Middle East and Africa, who achieved the largest CAGRs… Read more