Based on the expert analysis and our database of 70+ Global industries, IBISWorld presents a list of the Biggest Importing Industries Global in 2021
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View a list of the Top 25 biggest importing industriesImports for 2021: $650,607,7B
Over the five years to 2021, pharmaceutical manufacturers have benefited from an aging population in developed economies and a growing middle class in emerging economies, which has provided a larger customer base for operators in the Global Pharmaceuticals and Medicine Manufacturing industry. Many manufacturers have also tapped into regional demand for pharmaceuticals that may differ from developed markets and have expanded their global presence to tap into regional market needs and develop relationships with government entities that can accelerate drug approval or implement high reimbursement rates. To this end, the global spread of COVID-19 (coronavirus) offers pharmaceutical and medicine manufacturers... Learn More
Imports for 2021: $1,275,2B
Operators in the Global Oil and Gas Exploration and Production industry find and extract crude oil and natural gas from oil and gas reserves across the world. Over the five years to 2021, the prices of crude oil and natural gas have fluctuated despite steady growth in production, which has caused wild revenue fluctuations. Slowing global demand alongside continually rising supply caused prices to plummet in 2016 and 2020, although they have begun to recover in 2021. Overall, industry revenue is forecast to decline an annualized 2.2% to $2.1 trillion over the five years to 2021, with an expected rise... Learn More
Imports for 2021: $463,2B
Over the five years to 2021, revenue for the Global Car and Automobile Manufacturing industry has decreased due to the COVID-19 (coronavirus) pandemic. Despite improving economic conditions, IBISWorld anticipates this to not be enough to offset the overall decline experienced in 2020. However, industry demand has been lifted by significant improvements on the technological front, particularly in regard to vehicle fuel efficiency, entertainment and autonomous driving capabilities. Automakers have gradually put a greater emphasis on increasing fuel efficiency in light of stricter regulatory requirements and consumer demand. Moreover, internet connectivity, advances in safety features and navigation capabilities are becoming staples... Learn More
Imports for 2021: $444,6B
Demand for the Global Apparel Manufacturing industry is highly dependent on disposable income and the overall economic well-being of the region in consideration. Over the past decade, the industry has benefited from an increasing number of consumers opting to buy more garments at lower prices, driving both industry revenue and profit. This trend has been sustained by significant offshoring of apparel manufacturing from industry establishments in developed countries to developing economies, which has significantly lowered production costs, reducing the overall price of apparel and making apparel products increasingly affordable to an expanding consumer base. Consequently, international trade is of paramount... Learn More
Imports for 2021: $420,7B
The Global Plastic Product and Packaging Manufacturing industry has experienced mixed results over the five years to 2020. It has benefited from increasing consumption of plastic across the world, as rising capacity worldwide has resulted in strong growth in overall plastic production. Plastic goods are substituted for a variety of materials such as wood, paper, metals and glass, as it is often more price competitive while offering better performance. However, despite rising consumption and production, industry revenue is expected to decline at an annualized rate of 1.4%, totaling $471.9 billion over the five years to 2020. This decline has been... Learn More
Imports for 2021: $364,2B
The Global Auto Parts and Accessories Manufacturing industry is expected to decline over the five years to 2021, as automakers, the industry's largest customers, have been hurt by the economic fallout stemming from the COVID-19 (coronavirus) pandemic. Barring 2020, per capita income levels climbed across the globe and the burgeoning middle classes in emerging economies were able to purchase their own cars. As demand for new automobiles has risen, original equipment manufacturers have demanded more components from industry operators. Additionally, the auto parts aftermarket has helped generate revenue as average vehicle ages increased. Demand for this segment tends to rise... Learn More
Imports for 2021: $344,4B
The Global Consumer Electronics Manufacturing industry is expected to grow at an annualized rate of 2.2% to $1.4 trillion over the five years to 2020, including a 1.2% decrease in 2020 alone. Innovative products, falling prices, growing household incomes and rising consumer sentiment have supported demand for consumer electronics. However, the decrease in 2020 can be mainly attributed to the ongoing COVID-19 (coronavirus) pandemic, which has caused many manufacturing facilities to either shut down or decrease their operations. This decrease in manufacturing activity has caused the industry's profit to slightly decline in 2020. However, consumers have still been spending much... Learn More
Imports for 2021: $265,4B
The Global Iron Ore Mining industry's financial performance has been strong over the five years to 2021. Industry revenue is a function of global demand conditions, and volatility in the world price of iron ore during the period has led to several years of double-digit rises. Due to a slight decrease in global production and increasing demand, industry revenue is projected to increase an annualized 20.1% to $374.6 billion over the five years to 2021, including an estimated rise of 40.8% in 2021 alone. The growth in 2021 can be mainly attributed to the recovering demand trends after the peak... Learn More
Imports for 2021: $190,0B
Operators in the Global Paper and Pulp Mills industry produce a variety of pulp and paper products that are then sold to manufacturers of various paper goods across the world. Goods such as paper packaging are ubiquitous across the world for use in facilitating the transfer of goods. The increased digitization of the global economy and growth in internet usage across the globe have cut into demand for newsprint and other forms of paper. However, the industry has benefited from other trends. For example, forecast growth in consumer spending and online retail should contribute to increased demand for paper packaging... Learn More
Imports for 2021: $187,7B
In the Global Semiconductor and Electronic Parts Manufacturing industry, demand for downstream consumer electronics, automobiles, computers and industrial machinery has risen, as global per capita income and internet connectivity have increased over the five years to 2021 and have driven downstream demand. However, fluctuating product and input prices have led to oscillations in industry revenue, resulting in revenue declining in 2016, only to recover in 2017 and 2018 as memory prices soared before sharply falling again in 2019. In 2020, while the COVID-19 (coronavirus) pandemic led to widespread global economic damage, industry revenue grew. This can be primarily attributed to... Learn More
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