date:Sep 19, 2023
), shipping (40 percent) and electricity (40 percent).
Most operators were able to increase their selling prices, with rises of 11 percent in Europe, 13 percent in Oceania and South America, 14 percent in North America and 23 percent in Africa. However, these increases were not enough to compensate for the rise in production and operating costs, leaving nearly three fifths of the global industry selling at a loss or breaking even.
Spiking costs have affected strategic and operational choices.