The food and drinks exports from UK touched a new record of £11.5 Billion in 2007, an upshot of 9.1% over 2006, fuelled mainly by rising demand and the weakening pound.

Britain registered a new record in food exports during 2007. The total value of produced and processed food exports was pegged at £11.5 Billion, an increase of 9.1% over 2006, according to the UK government’s export agency, Food from Britain.

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With rising demand for Taiwanese telecom products in both developing and mature markets, the production in the industry grew significantly in second quarter of 2008.

According to the Industrial Economics and Knowledge Centre, the overall output of Taiwan’s local telecommunication in terms of value during Q2 2008 was at $6.20 billion, indicating its 25% annual growth.

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According to a recent report, India, the world’s second largest pharmaceutical market by volume and consumption, is expected to see high growth this year, due to expansion of domestic and export segments, improved contract services and rising population.

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The Consumer Electronics Association (CEA) said that the revenue of the global consumer electronics industry is expected to reach $700 Billion by 2009. The association forecasts that the expenditure on consumer electronic goods in 2009 will be up by $42 billion. Moreover, China will account for around 15% of the global electronic products revenue in 2009, following the US and Western Europe with 22% and 16% respectively. The sales of mobile products will dominate the rest of products with 1.5 billion units in 2008.

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The robust economic growth support by government schemes has benefited India’s tourism industry immensely. Presently, the Indian tourism industry stands at about $16 billion and is likely to reach nearly $26 billion through 2010. The country is anticipated to see the arrival of 10 million tourists during 2010 from only 5 million in 2007. As far as outbound tourism is concerned, it is projected to rise at a compound annual growth rate (CAGR) of 13.30% from 2008 to 2012, due to the rising personal disposable income of the Indian population. Consequently, the Indian tourism industry is expected to contribute nearly 1.5% in the global tourism sector by 2010.

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The industry research firm IDC (International Data Corp) has revealed that the personal computer market is witnessing strong growth in the Asia-Pacific region (excluding Japan), as reported by chinatechnews. The PC market of Asia-Pacific reached about 19 million units in Q2 2008, a rise of nearly 8% over Q1 2008, and around 15% annual increase as compared to Q2 2007. Also, Singapore recorded an annual growth of about 24%, while Lenovo Group, with nearly 18.2% of market share, remained the leader. HP (Hewlett-Packard) and Dell followed it with around 14% and 8.9% market shares respectively.

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According to Gartner, the global sales of mobile phones is expected to surge 11% this year to 1.28 billion units, compared to 1.15 billion in 2007, as reported by IndiaInfoLine. Mobile sales in the first quarter of 2008 stood at 294.3 million units, and are estimated to reach 300-305 million units in the second quarter of this year. The mobile phones sales in the Asia-Pacific region is projected to rise by 17.9% against 2007, while in North America, the sales are anticipated to near 185.7 million units, an increase of 5.3% from last year. Moreover, the sales in Western Europe are projected to total at 188 million units, while in Japan, it will reach 47.7 million units.

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The China Association of Automobile Manufacturers (CAAM) reported that the country’s auto industry sales slipped down by 5.19% to 3.61 million passenger cars in the first six months of 2008 from the same period a year ago, as reported by AFP. The association further revealed that the industry sales in June 2008 surged by an annual growth of 13% to 517,469 units, but this was the third month in a row when rising sales graph took reverse turn. Moreover, both sedan and multi-purpose vehicle (MPV) sales grew by 16.72% to 2.67 million and 4.09% to 111,400 units respectively. However, sports utility vehicles (SUVs) showed the impressive performance with 42% increase to 224,300 units during the first half of 2008.

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The US Department of Agriculture (USDA) said that food prices in the country are expected to surge between 4% and 5% in 2008, as reported by Guardian.co.uk. The department further revealed that the country has witnessed the highest annual increment of 5% in food prices since 1990. The prices of corn in June 2008 flared up by 143% to $8.26 per bushel, an increase of more than double the prices recorded in mid 2007. The price of food items like beef, chicken and pork would be prime cause for higher prices in the US in 2009. As for 2008, the highest price rise is forecast for eggs, cereals and bakery products, fats and oils by 14%, 9.5% and 12% respectively.

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As per the ABS (Australian Bureau of Statistics), export prices in Australia recorded a rise of 13.5% in Q2 2008, as reported by news.com.au. The export prices increased 13.3% in Q2 2008 - the highest quarterly increase since September 1974. This is due to a rise of 54.2% in prices paid for briquettes, coke and coal, as well as a 27% increase in metal scrap and metalliferous ores. The prices of petroleum products and related materials also rose 18.3%. Meanwhile, the import price index increased by 1.4% in Q2 2008 compared to 2.7% rise during January-March 2008.

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