{"id":449,"date":"2016-09-19T14:51:38","date_gmt":"2016-09-19T14:51:38","guid":{"rendered":"https:\/\/maritimesa.org\/grade-11\/?p=449"},"modified":"2021-03-27T13:56:29","modified_gmt":"2021-03-27T13:56:29","slug":"major-global-areas-of-supply-and-demand","status":"publish","type":"post","link":"https:\/\/maritimesa.org\/grade-11\/2016\/09\/19\/major-global-areas-of-supply-and-demand\/","title":{"rendered":"Major global areas of supply and demand"},"content":{"rendered":"

[vc_row][vc_column][vc_video link=”https:\/\/vimeo.com\/473798931″][vc_column_text]The major industrialised countries (see the map below showing the industrialised regions<\/em>) are consumers of raw materials (e.g. iron ore, coal, oil, a range of other minerals) and, because there are large concentrations of people in those countries, they also need to import large amounts of food (e.g. grain, fruit).<\/p>\n

Their industries also produce a range of goods (steel, machinery, textiles, vehicles, chemicals, etc.).<\/p>\n

Therefore, those countries are both areas of demand (for raw materials and agricultural products) and areas of supply (the range of finished goods that they produce).<\/p>\n

Although South Africa exports large volumes of minerals and agricultural products, it also has to import a large range of goods such as machinery, vehicles, chemicals, and, importantly, oil.<\/p>\n

The maps that follow show the areas of supply of various raw materials and the areas of demand for those commodities.<\/p>\n

1<\/strong> North America; 2<\/strong> Western Europe; 3<\/strong> Russia; 4<\/strong> South Africa (shown here for identification purposes only.); 5<\/strong> India; 6<\/strong> China; 7<\/strong> South Korea; 8<\/strong> Japan; 9<\/strong> Australia; 10<\/strong> Arabian Gulf<\/p><\/div>\n

The major trading areas are Europe, North America (USA and the southern part of Canada), China, Russia, Korea and Japan. Singapore could also be counted as a major shipping hub as it is a very busy bunker and trans-shipment port, while the Arabian Gulf \u2013 the world\u2019s most important oil producing area \u2013 is also very important in global shipping. Large volumes of trade are conducted between each of these regions and countries, \u2013 and therefore shipping routes between these are very important.<\/p>\n

\"11_3_1_brics\"

1<\/strong> Brazil; 2<\/strong> Russia; 3<\/strong> India; 4<\/strong> China; 5<\/strong> South Africa<\/p><\/div>\n

BRICS countries \u2013 Brazil, Russia, India, China and South Africa \u2013 have formed an alliance to promote trade. Although the economies of Brazil and South Africa lag behind the economies of the others, promotion of trade between these countries indicates that future volumes of trade will increase with a positive effect on shipping.<\/p>\n

See also the Grade 11 lesson on\u00a0Trade routes for oil, grain, coal, iron ore, containers.<\/a><\/p>\n

Some Definitions <\/strong><\/p>\n