Trusted by more than 23,000 companies
In 2023, the artificial intelligence (AI) chip market reached 53.6 billion U.S. dollars. This figure is forecast to increase to 71.3 billion dollars by the end of 2024 as the hype around AI applications continues to grow, with longer forecasts suggesting the market will surpass 90 billion U.S. dollars in 2025.
On May 30, Donald Trump was convicted on all 34 felony counts of falsifying business records that could have compromised his 2016 presidential campaign. While some consider the conviction as evidence of a functioning criminal justice system, others view it as a political tactic and believe the trial was rigged against Trump. As of May 31, only 15 percent of surveyed Republicans believed Trump received a fair trial.
While his conviction may thwart his reelection efforts, he remains eligible to run and be elected. His sentencing is scheduled for July 11, 2024. However, following his sentence, he will most likely appeal the verdict, which could prolong the process well into the new presidential term. The Manhattan case was the first of four criminal trials the former president is set to face.
As of 2024, Real Madrid had won more Champions League titles than any other club, with a total of 15. The club most recently won the competition in 2023/24, defeating Borussia Dortmund 2-0 in the final. Meanwhile, the club with the second-most titles, AC Milan, had lifted the trophy on seven occasions.
During the 2024 presidential elections in Mexico, the candidate for Morena, Claudia Sheinbaum Pardo, won the Mexican elections with over half of the counted votes. In contrast, candidates Xóchitl Gálvez and Jorge Máynez recorded around 28 and 10 percent of the votes, respectively.
Container freight rates oscillated dramatically between January 2023 and March 2024. Freight rates slumped to their lowest level on the 26th of October 2023, when the going rate for a 40-foot container was only 1,342 U.S. dollars. Since then, the global freight rate has gradually increased, hitting over 4,200 U.S. dollars in May 2024, the highest value on record.
How did we get here?The global supply chain is a fragile system consisting of numerous links. Disruption to one can send cascading effects down a chain that needs to function properly for the whole system to work. The COVID-19 pandemic turned out to be an event of such a magnitude to either bring to halt whole industries and supply chains, or severely reduce their efficiency. Due to its complexity and transcontinental nature, container shipping was hit especially hard by the COVID-19 pandemic. Since the start of the pandemic, the shipping industry has had to struggle with port closures and congestions, labor shortages, difficulties with capacity utilization, as well as a lack of new shipping containers. These challenges continue to have repercussions on the industry to this day.
While costs of operating a container fleet have increased, the surge in freight rates has not served just to cover rising expenses. Container ship operators had been reporting record-high operating profit margins since the beginning of the pandemic. However, despite these high profit margins, the freight rate increase has had some repercussions. In the second quarter of 2023, main container shipping companies had an average profit margin of 8.9 percent, a decrease of almost 50 percent compared to the peak EBIT in the first quarter of 2022. Despite this decrease, some of the carriers are combating this trend by using their previous profits to increase their carrying capacity by buying new containers and ordering new container ships. However, the delivery of these newly ordered ships is still years away.
The revenue of the meal kit service market is forecast to grow to around 20.65 billion U.S. dollars by 2029. In 2023, the market size was estimated at 13 billion U.S. dollars.
In 2023, it was estimated that Swedish furniture retailer IKEA generated approximately 10.4 billion U.S. dollars in e-commerce net sales worldwide. This marked an increase from the previous year's revenue estimates reaching 9.43 billion dollars.
In 2019, international arrivals in China amounted to approximately 145.3 million. However, the number of international visitor arrivals dropped to 27.5 million in 2020 due to the coronavirus pandemic and was estimated to increase to nearly 32 million in 2021. In 2023, the numbers of overseas arrivals showed signs of slight recovery reaching 82 million visits.
The value of mergers and acquisitions (M&A) deals in the Middle East and North Africa fluctuated significantly in recent years. A peak value of over one trillion U.S. dollars was reached in 2021. In 2023, the value of M&A transactions in this region decrased significantly and amounted to approximately 430 billion U.S. dollars.
The house price-to-income ratio in Australia was 120.2 as of the fourth quarter of 2023. This ratio, calculated by dividing nominal house prices by nominal disposable income per head, increased from the previous quarter. The price-to-income ratio can be used to measure housing affordability in a specific area. A similar trend was seen for the house price-to-rent ratio in the same period.
Property bubble
There has been considerable debate over the past decade about whether Australia is in a property bubble or not. A property bubble refers to a sharp increase in the price of property that is disproportional to income and rental prices, followed by a decline. In Australia, rising house prices have undoubtedly been an issue for many potential homeowners. Along with the average house price, the average value of outstanding mortgages on residential dwellings has also continued to increase over the past 20 years.
Housing affordability
Housing affordability has varied across the different states and territories in Australia. In 2023, the median value of residential houses was the highest in Sydney compared to the other major Australian cities. Housing costs for Australian homeowners with a mortgage were around 15.5 percent of household income in financial year 2020. This share was higher for renters of private property in the same period.
Discover data on your market
Gain access to valuable and comparable market data for over 190+ countries, territories, and regions with our Market Insights. Get deep insights into important figures, e.g., revenue metrics, key performance indicators, and much more.
Discover our market insights*All products require an annual contract. Prices do not include sales tax.
The Consumer Insights helps marketers, planners and product managers to understand consumer behavior and their interaction with brands. Explore consumption and media usage on a global basis.
With an increasing number of Statista-cited media articles, Statista has established itself as a reliable partner for the largest media companies of the world.
Our reliabilityOver 500 researchers and specialists gather and double-check every statistic we publish. Experts provide country and industry-based forecasts.
Our teamWith our solutions you find data that matters within minutes – ready to go in your favorite format.
Our accounts
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
