New Articles

Asia’s Milk Production Is Expected to Increase by 2% in 2020

milk

Asia’s Milk Production Is Expected to Increase by 2% in 2020

IndexBox has just published a new report: ‘Asia – Whole Fresh Milk – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

After four years of growth, the Asian whole fresh milk market decreased by -2.1% to $309.6B in 2019. The market value increased at an average annual rate of +4.0% over the past decade. The pace of growth was the most pronounced in 2010 with an increase of 15% y-o-y. Over the period under review, the market attained the maximum level at $316.1B in 2018 and then dropped slightly in the following year.

Consumption by Country in Asia

India (198M tonnes) remains the largest whole fresh milk consuming country in Asia, accounting for 54% of total volume. Moreover, whole fresh milk consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan (47M tonnes), fourfold. The third position in this ranking was occupied by China (35M tonnes), with a 9.6% share.

From 2009 to 2019, the average annual rate of growth in terms of volume in India totaled +5.4%. The remaining consuming countries recorded the following average annual rates of consumption growth: Pakistan (+3.2% per year) and China (-1.2% per year).

In value terms, India ($146.8B) led the market, alone. The second position in the ranking was occupied by Pakistan ($37.3B). It was followed by China.

The countries with the highest levels of whole fresh milk per capita consumption in 2019 were Uzbekistan (339 kg per person), Turkey (281 kg per person), and Pakistan (231 kg per person).

From 2009 to 2019, the biggest increases were in Uzbekistan, while whole fresh milk per capita consumption for the other leaders experienced more modest paces of growth.

Market Forecast 2020-2030

Driven by increasing demand for whole fresh milk in Asia, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.4% for the period from 2019 to 2030, which is projected to bring the market volume to 477M tonnes by the end of 2030.

According to FAO projections, Asian production is expected to increase by 2% in 2020 due to expected growth in India, Pakistan, and China, while Turkey may experience a decline. India, the world’s largest milk producer, is projected to increase production by 2.6 percent, or 5 million tonnes. The increase expected this year reflects the efforts of the vast network of rural cooperatives that have been mobilized to maintain milk collection despite the pandemic lockdown. Given the loss of sales in the foodservice industry due to the COVID-19 lockdown, large volumes of milk were sent for processing to drying plants, which were reported to operate at almost full capacity.

Pakistan’s milk production is projected to increase by an average of 3% due to an increase in the herd population.

In China, where the sector has been recovering since 2018, it is projected that milk production will increase by almost 3% in 2020, amid ongoing consolidation of farms and increased efficiency of large dairy enterprises. The introduction of stringent food safety standards by the government has also increased consumer confidence in Chinese milk, which has helped support domestic production growth.

According to FAO forecasts, milk production in Japan will grow, which will be supported by the government measures offered to farmers to manage excess milk supplies and stabilize prices. This is despite a drop in milk consumption in the first months of the year after the government declared a state of emergency and closed schools amid concerns about COVID-19.

Production in Asia

In 2019, production of whole fresh milk in Asia rose to 368M tonnes, picking up by 3.8% against the previous year. The total output volume increased at an average annual rate of +3.6% from 2009 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 4.8% y-o-y. The volume of production peaked in 2019 and is expected to retain growth in the immediate term. The generally positive trend in terms of output was largely conditioned by a moderate increase in the number of producing animals and a tangible expansion in yield figures.

Production By Country in Asia

India (198M tonnes) remains the largest whole fresh milk producing country in Asia, accounting for 54% of total volume. Moreover, whole fresh milk production in India exceeded the figures recorded by the second-largest producer, Pakistan (47M tonnes), fourfold. China (35M tonnes) ranked third in terms of total production with a 9.5% share.

In India, whole fresh milk production expanded at an average annual rate of +5.4% over the period from 2009-2019. In other countries, the average annual rates were as follows: Pakistan (+3.2% per year) and China (-1.4% per year).

Producing Animals in Asia

In 2019, the amount of producing animals in Asia expanded modestly to 427M heads, rising by 1.8% against the previous year. This number increased at an average annual rate of +1.5% over the period from 2009 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 with an increase of 3.2% against the previous year. The level of producing animals peaked in 2019 and is expected to retain growth in the near future.

Yield in Asia

The average whole fresh milk yield amounted to 860 kg per head in 2019, picking up by 2% on the year before. The yield figure increased at an average annual rate of +2.1% over the period from 2009 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 5.2% y-o-y. Over the period under review, the whole fresh milk yield attained the maximum level in 2019 and is expected to retain growth in the near future.

Exports in Asia

In 2019, after two years of decline, there was growth in overseas shipments of whole fresh milk, when their volume increased by 2.6% to 305K tonnes. Total exports indicated moderate growth from 2009 to 2019: its volume increased at an average annual rate of +3.9% over the last decade. Based on 2019 figures, exports decreased by -27.9% against 2014 indices. The growth pace was the most rapid in 2010 when exports increased by 50% y-o-y. The volume of export peaked at 423K tonnes in 2014; however, from 2015 to 2019, exports remained at a lower figure.

In value terms, whole fresh milk exports expanded to $311M (IndexBox estimates) in 2019.

Exports by Country

The shipments of the twelve major exporters of whole fresh milk, namely Kuwait, Kazakhstan, Turkey, Thailand, China, the United Arab Emirates, Pakistan, India, Kyrgyzstan, China, Hong Kong SAR, South Korea, and Viet Nam, represented more than two-thirds of total export.

From 2009 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kazakhstan (+53.2% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($62M), Thailand ($49M), and Turkey ($25M) were the countries with the highest levels of exports in 2019, with a combined 44% share of total exports. China, Hong Kong SAR, the United Arab Emirates, Kazakhstan, South Korea, Pakistan, India, Viet Nam, and Kyrgyzstan lagged somewhat behind, together comprising a further 41%.

Kazakhstan saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The whole fresh milk export price in Asia stood at $1,020 per tonne in 2019, approximately reflecting the previous year.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was  Hong Kong SAR ($2,147 per tonne), while Kazakhstan ($423 per tonne) was amongst the lowest.

From 2009 to 2019, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

coal

The Asian-Pacific Coal Market Grows Markedly for the Third Consecutive Year

IndexBox has just published a new report: ‘Asia-Pacific – Coal – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In 2019, the Asia-Pacific coal market increased by 6.1% to $751.8B, rising for the third consecutive year after four years of decline. The total market indicated buoyant growth from 2007 to 2019: its value increased at an average annual rate of +3.8% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2019 and is expected to retain growth in years to come.

Consumption by Country

China (4,136M tonnes) constituted the country with the largest volume of coal consumption, accounting for 69% of total volume. Moreover, coal consumption in China exceeded the figures recorded by the second-largest consumer, India (1,012M tonnes), fourfold. Japan (186M tonnes) ranked third in terms of total consumption with a 3.1% share.

From 2007 to 2019, the average annual growth rate of volume in China amounted to +3.7%. In India, the average annual rate of growth amounted to +5.2% per year, while in and Japan, the volume of consumption remained relatively unchanged against its outset level.

In value terms, China ($572.6B) led the market, alone. The second position in the ranking was occupied by India ($90.7B). It was followed by Japan.

The countries with the highest levels of coal per capita consumption in 2019 were Australia (4.85 tonne per person), China (2.84 tonne per person) and South Korea (2.78 tonne per person).

From 2007 to 2019, the biggest increases were in Indonesia, while coal per capita consumption for the other leaders experienced more modest paces of growth.

Production in Asia-Pacific

In 2019, production of coal increased by 3% to 5,771M tonnes, rising for the third consecutive year after three years of decline. The total output volume increased at an average annual rate of +3.3% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of 12% year-to-year. The volume of production peaked in 2019 and is expected to retain growth in the immediate term.

Production by Country

China (3,842M tonnes) constituted the country with the largest volume of coal production, comprising approx. 67% of total volume. Moreover, coal production in China exceeded the figures recorded by the second-largest producer, India (760M tonnes), fivefold. Indonesia (536M tonnes) ranked third in terms of total production with a 9.3% share.

In China, coal production expanded at an average annual rate of +3.0% over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: India (+3.7% per year) and Indonesia (+7.8% per year).

Imports in Asia-Pacific

In 2019, supplies from abroad of coal increased by 2.2% to 1,093M tonnes, rising for the fourth consecutive year after two years of decline. Total imports indicated a resilient expansion from 2007 to 2019: its volume increased at an average annual rate of +6.7% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +24.1% against 2015 indices. The volume of import peaked in 2019 and is likely to see gradual growth in years to come.

In value terms, coal imports contracted to $102B (IndexBox estimates) in 2019. In general, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2008 with an increase of 79% y-o-y. The level of import peaked at $110.7B in 2018, and then shrank in the following year.

Imports by Country

In 2019, China (300M tonnes), India (254M tonnes), Japan (186M tonnes) and South Korea (141M tonnes) were the main importers of coal in Asia-Pacific, creating 81% of total import. They were distantly followed by Taiwan, Chinese (67M tonnes), committing a 6.1% share of total imports. The following importers – Malaysia (34M tonnes) and the Philippines (27M tonnes) – together made up 5.6% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($23.4B), Japan ($23.3B) and India ($23B) appeared to be the countries with the highest levels of imports in 2019, together accounting for 68% of total imports.

China saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The coal import price in Asia-Pacific stood at $93 per tonne in 2019, waning by -9.9% against the previous year. Import price indicated tangible growth from 2007 to 2019: its price increased at an average annual rate of +2.4% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the import price increased by 71% y-o-y. Over the period under review, import prices reached the maximum at $130 per tonne in 2011; however, from 2012 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($125 per tonne), while the Philippines ($70 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

beet sugar

Global Sugar Beet Demand Is Expected to Hit 332M Tonnes by 2030

IndexBox has just published a new report: ‘World – Sugar Beet – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The global sugar beet market stood at $657.6B in 2019, with an increase of 2.1% against the previous year. World consumption indicated a notable expansion from 2009 to 2019: its value increased at an average annual rate of +2.1% over the last decade. The trend line, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 when the market value increased by 52% y-o-y. Over the period under review, the global market reached a maximum level of $805.2B in 2017; however, from 2018 to 2019, consumption failed to regain the momentum. Based on 2019 figures, consumption decreased by -18.3% against 2017 indices.

Consumption by Country

The countries with the highest volumes of sugar beet consumption in 2019 were Russia (44M tonnes), France (40M tonnes), and the U.S. (30M tonnes), with a combined 42% share of global consumption. These countries were followed by Germany, Turkey, Poland, Ukraine, China, Egypt, the Netherlands, Belgium, and Belarus, which together accounted for a further 42%.

From 2009 to 2019, the biggest increases were in Egypt, while sugar beet consumption for the other global leaders experienced more modest paces of growth.

In value terms, Russia ($340.4B) led the market, alone. The second position in the ranking was occupied by the U.S. ($151.2B). It was followed by Turkey.

The countries with the highest levels of sugar beet per capita consumption in 2019 were France (612 kg per person), Belarus (521 kg per person), and Belgium (432 kg per person).

Market Forecast to 2030

Driven by increasing demand for sugar beet worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.9% for the period from 2019 to 2030, which is projected to bring the market volume to 332M tonnes by the end of 2030.

Sugar Beet Production

In 2019, global production of sugar beet totaled 271M tonnes, approximately equating 2018. The total output volume increased at an average annual rate of +2.2% over the period from 2009 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2011 with an increase of 22% against the previous year. Over the period under review, global production attained the maximum volume at 299M tonnes in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure. The generally positive trend in terms output was largely conditioned by a pronounced increase of the harvested area and modest growth in yield figures.

Production by Country

The countries with the highest volumes of sugar beet production in 2019 were Russia (44M tonnes), France (40M tonnes), and the U.S. (30M tonnes), with a combined 42% share of global production. These countries were followed by Germany, Turkey, Poland, Ukraine, China, Egypt, the Netherlands, Belgium, and Belarus, which together accounted for a further 42%.

From 2009 to 2019, the biggest increases were in Egypt, while sugar beet production for the other global leaders experienced more modest paces of growth.

Harvested Area

In 2019, the global harvested area of sugar beet shrank slightly to 4.7M ha, standing approx. at 2018 figures. The harvested area increased at an average annual rate of +1.2% from 2009 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2010 with an increase of 9.5% y-o-y. The global harvested area peaked at 5M ha in 2011; however, from 2012 to 2019, the harvested area stood at a somewhat lower figure.

Yield

In 2019, the global average yield of sugar beet stood at 58 tonnes per ha, picking up by 1.6% against the previous year’s figure. In general, the yield saw a mild increase. The growth pace was the most rapid in 2011 with an increase of 12% year-to-year. Over the period under review, the average sugar beet yield hit record highs at 62 tonne per ha in 2017; however, from 2018 to 2019, the yield stood at a somewhat lower figure.

Exports

For the fourth year in a row, the global market recorded growth in overseas shipments of sugar beet, which increased by 42% to 503K tonnes in 2019.

In value terms, sugar beet exports rose sharply to $50M (IndexBox estimates) in 2019. Over the period under review, exports saw a noticeable shrinkage. The growth pace was the most rapid in 2011 with an increase of 34% against the previous year. Global exports peaked at $91M in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Germany ($16M) remains the largest sugar beet supplier worldwide, comprising 32% of global exports. The second position in the ranking was occupied by the Netherlands ($6.9M), with a 14% share of global exports. It was followed by Belgium, with a 6.3% share.

In Germany, sugar beet exports expanded at an average annual rate of +12.8% over the period from 2009-2019. In other countries, the average annual rates were as follows: the Netherlands (-7.1% per year) and Belgium (+106.1% per year).

Source: IndexBox AI Platform

egg

Despite Ranking only Fifth in Terms of Market Size, the Netherlands Leads European Chicken Egg Exports

IndexBox has just published a new report: ‘EU – Hen Eggs – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In 2019, the EU chicken egg market decreased by -2.1% to $12.7B for the first time since 2016, thus ending a two-year rising trend. The most prominent rate of growth was recorded in 2017 with an increase of 8.7% against the previous year. The level of consumption peaked at $15.8B in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

In physical terms, the volume of consumption amounted to 6.3M tonnes which remained relatively stable against the previous year; over the last decade, it increased gradually with some slight fluctuations in certain years.

Consumption by Country

The countries with the highest volumes of chicken egg consumption in 2019 were Germany (1.1M tonnes), France (881K tonnes) and Spain (761K tonnes), together accounting for 44% of total consumption. Italy, the Netherlands, Poland, Romania, Belgium, Austria, Portugal, Hungary and Sweden lagged somewhat behind, together comprising a further 44%.

From 2007 to 2019, the most notable rate of growth in terms of chicken egg consumption, amongst the key consuming countries, was attained by Belgium, while chicken egg consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest chicken egg markets in the European Union were Germany ($2.3B), France ($2B) and Spain ($1.4B), together comprising 45% of the total market. These countries were followed by Italy, the Netherlands, Poland, Hungary, Sweden, Romania, Austria, Portugal and Belgium, which together accounted for a further 40%.

The countries with the highest levels of chicken egg per capita consumption in 2019 were the Netherlands (31 kg per person), Austria (17 kg per person) and Spain (16 kg per person).

Market Forecast to 2030

Driven by increasing demand for chicken egg in the European Union, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.0% for the period from 2019 to 2030, which is projected to bring the market volume to 7M tonnes by the end of 2030.

Production in the EU

Chicken egg production reached 6.4M tonnes in 2019, stabilizing at 2018 figures. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 9.2% y-o-y. As a result, production reached the peak volume of 6.6M tonnes. From 2014 to 2019, production growth remained at a somewhat lower figure.

Production by Country

The countries with the highest volumes of chicken egg production in 2019 were Germany (852K tonnes), France (845K tonnes) and Spain (841K tonnes), with a combined 39% share of total production. Italy, the Netherlands, Poland, Romania, Belgium, Portugal, Hungary, Austria and Sweden lagged somewhat behind, together comprising a further 48%.

From 2007 to 2019, the most notable rate of growth in terms of chicken egg production, amongst the leading producing countries, was attained by Austria, while chicken egg production for the other leaders experienced more modest paces of growth.

Producing Animals in the EU

The total number of hens for egg production stood at 458M heads in 2019, approximately equating 2018 figures. Over the period under review, the number of producing animals continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of 5.5% y-o-y. As a result, the number of producing animals attained the peak level of 461M heads. From 2011 to 2019, the growth of this number failed to regain the momentum.

Yield in the EU

The average chicken egg yield dropped slightly to 14 kg per head in 2019, approximately equating the year before. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by 7.2% against the previous year. Over the period under review, the chicken egg yield reached the peak level at 15 kg per head in 2007; however, from 2008 to 2019, the yield failed to regain the momentum.

Exports in the EU

In 2019, the amount of chicken eggs exported in the European Union fell modestly to 1.1M tonnes, declining by -2% against the year before. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 2.4% year-to-year.

In value terms, chicken egg exports dropped modestly to $2.1B (IndexBox estimates) in 2019. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 17% year-to-year. The level of export peaked at $2.3B in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

Exports by Country

The Netherlands was the largest exporting country with an export of around 396K tonnes, which accounted for 34% of total exports. It was distantly followed by Poland (214K tonnes), Germany (130K tonnes), Spain (87K tonnes) and Belgium (85K tonnes), together mixing up a 45% share of total exports. France (34K tonnes), Latvia (22K tonnes), Italy (19K tonnes), Bulgaria (18K tonnes) and the Czech Republic (18K tonnes) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in Spain, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($743M) remains the largest chicken egg supplier in the European Union, comprising 35% of total exports. The second position in the ranking was occupied by Poland ($284M), with a 13% share of total exports. It was followed by Germany, with a 13% share.

In the Netherlands, chicken egg exports plunged by an average annual rate of -3.0% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Poland (+13.0% per year) and Germany (-1.6% per year).

Export Prices by Country

The chicken egg export price in the European Union stood at $1,845 per tonne in 2019, approximately mirroring the previous year. In general, the export price recorded strong growth. The most prominent rate of growth was recorded in 2013 when the export price increased by 28% against the previous year. Over the period under review, export prices reached the maximum at $1,875 per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was the Czech Republic ($2,582 per tonne), while Latvia ($1,259 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belgium, while the other leaders experienced mixed trends in the export price figures.

Source: IndexBox AI Platform

carrot

The Middle Eastern Carrot And Turnip Market Continues Moderate but Robust Growth

IndexBox has just published a new report: ‘Middle East – Carrots And Turnips – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In 2019, the Middle Eastern carrot and turnip market increased by 3.1% to $458M, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +1.7% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2012 with an increase of 8.9% year-to-year. Over the period under review, the market attained the maximum level in 2019 and is expected to retain growth in the immediate term.

Consumption by Country

The countries with the highest volumes of carrot and turnip consumption in 2019 were Turkey (564K tonnes), Iran (319K tonnes) and Israel (142K tonnes), with a combined 73% share of total consumption. These countries were followed by the United Arab Emirates, Saudi Arabia, Jordan, Oman and Kuwait, which together accounted for a further 20%.

From 2007 to 2019, the most notable rate of growth in terms of carrot and turnip consumption, amongst the leading consuming countries, was attained by Oman, while carrot and turnip consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest carrot and turnip markets in the Middle East were Turkey ($96M), Israel ($86M) and Iran ($86M), with a combined 59% share of the total market. These countries were followed by the United Arab Emirates, Saudi Arabia, Kuwait, Oman and Jordan, which together accounted for a further 31%.

The countries with the highest levels of carrot and turnip per capita consumption in 2019 were Israel (16 kg per person), the United Arab Emirates (12 kg per person) and Turkey (6.81 kg per person).

Production in the Middle East

In 2019, carrot and turnip production in the Middle East stood at 1.3M tonnes, stabilizing at the previous year. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 4.8% against the previous year. Over the period under review, production hit record highs at 1.4M tonnes in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure. The general negative trend in terms output was largely conditioned by a relatively flat trend pattern of the harvested area and a relatively flat trend pattern in yield figures.

In value terms, carrot and turnip production reached $396M in 2019 estimated in export prices. The total output value increased at an average annual rate of +1.3% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years.

Production by Country

The countries with the highest volumes of carrot and turnip production in 2019 were Turkey (644K tonnes), Iran (331K tonnes) and Israel (228K tonnes), together accounting for 89% of total production. The United Arab Emirates lagged somewhat behind, accounting for a further 3.6%.

From 2007 to 2019, the biggest increases were in the United Arab Emirates, while carrot and turnip production for the other leaders experienced more modest paces of growth.

Harvested Area in the Middle East

In 2019, the carrot and turnip harvested area in the Middle East stood at 40K ha, approximately reflecting the year before. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the harvested area increased by 11% year-to-year. The level of harvested area peaked at 41K ha in 2007; however, from 2008 to 2019, the harvested area remained at a lower figure.

Yield in the Middle East

In 2019, the average carrot and turnip yield in the Middle East shrank modestly to 34 tonne per ha, remaining relatively unchanged against 2018. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of 5.1% y-o-y. The level of yield peaked at 39 tonne per ha in 2013; however, from 2014 to 2019, the yield remained at a lower figure.

Exports in the Middle East

In 2019, overseas shipments of carrots and turnips increased by 2.1% to 202K tonnes for the first time since 2016, thus ending a two-year declining trend. Total exports indicated a noticeable expansion from 2007 to 2019: its volume increased at an average annual rate of +2.7% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -29.9% against 2016 indices. The most prominent rate of growth was recorded in 2011 when exports increased by 45% year-to-year. As a result, exports reached the peak of 312K tonnes. From 2012 to 2019, the growth exports failed to regain the momentum.

In value terms, carrot and turnip exports totaled $79M (IndexBox estimates) in 2019. Total exports indicated a noticeable expansion from 2007 to 2019: its value increased at an average annual rate of +2.7% over the last twelve-year period.

Exports by Country

Israel (86K tonnes) and Turkey (80K tonnes) dominates carrot and turnip exports structure, together creating 83% of total exports. It was distantly followed by Iran (12K tonnes), committing a 5.9% share of total exports. The following exporters – Saudi Arabia (8.8K tonnes), Syrian Arab Republic (4.9K tonnes) and Oman (4.9K tonnes) – together made up 9.2% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Iran, while exports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($53M) remains the largest carrot and turnip supplier in the Middle East, comprising 68% of total exports. The second position in the ranking was occupied by Turkey ($14M), with a 17% share of total exports. It was followed by Saudi Arabia, with a 3.2% share.

In Israel, carrot and turnip exports expanded at an average annual rate of +4.3% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+2.7% per year) and Saudi Arabia (+0.9% per year).

Export Prices by Country

In 2019, the carrot and turnip export price in the Middle East amounted to $389 per tonne, rising by 2.7% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, export prices attained the maximum at $469 per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Israel ($620 per tonne), while Turkey ($170 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic, while the other leaders experienced more modest paces of growth.

Imports in the Middle East

Carrot and turnip imports expanded sharply to 262K tonnes in 2019, growing by 6.9% against the previous year. Total imports indicated a tangible expansion from 2007 to 2019: its volume increased at an average annual rate of +4.1% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +55.3% against 2012 indices. The most prominent rate of growth was recorded in 2009 with an increase of 30% y-o-y. Over the period under review, imports hit record highs in 2019 and are likely to see steady growth in the immediate term.

In value terms, carrot and turnip imports expanded rapidly to $138M (IndexBox estimates) in 2019. Overall, imports continue to indicate a remarkable increase. Over the period under review, imports reached the peak figure in 2019 and are likely to see steady growth in the near future.

Imports by Country

The United Arab Emirates (81K tonnes) and Saudi Arabia (74K tonnes) represented roughly 59% of total imports of carrots and turnips in 2019. Kuwait (22K tonnes) ranks next in terms of the total imports with a 8.3% share, followed by Qatar (7.5%), Lebanon (6.7%) and Bahrain (4.8%). Oman (9.8K tonnes) took a little share of total imports.

From 2007 to 2019, the biggest increases were in Saudi Arabia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest carrot and turnip importing markets in the Middle East were the United Arab Emirates ($45M), Saudi Arabia ($36M) and Qatar ($14M), with a combined 69% share of total imports.

Saudi Arabia recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The carrot and turnip import price in the Middle East stood at $529 per tonne in 2019, picking up by 3.6% against the previous year. Import price indicated a tangible expansion from 2007 to 2019: its price increased at an average annual rate of +4.3% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, carrot and turnip import price increased by +16.1% against 2017 indices. The growth pace was the most rapid in 2008 an increase of 23% against the previous year. Over the period under review, import prices hit record highs at $554 per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Qatar ($708 per tonne), while Lebanon ($352 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Qatar, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

latin america

The Latin American Melon Market To Pursue Temperate Growth

IndexBox has just published a new report: ‘Latin America and the Caribbean – Melons – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The Latin American melon market reached $1.4B in 2019, with an increase of 6.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.8% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2019 and is likely to see gradual growth in the immediate term.

Consumption by Country

The countries with the highest volumes of melon consumption in 2019 were Mexico (516K tonnes), Brazil (338K tonnes) and Guatemala (327K tonnes), with a combined 63% share of total consumption. These countries were followed by Venezuela, Argentina, Colombia, Cuba, Costa Rica, Chile, the Dominican Republic, Honduras and Paraguay, which together accounted for a further 33%.

From 2007 to 2019, the biggest increases were in Colombia, while melon consumption for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($404M), Brazil ($217M) and Colombia ($159M) appeared to be the countries with the highest levels of market value in 2019, with a combined 54% share of the total market.

In 2019, the highest levels of melon per capita consumption was registered in Guatemala (19 kg per person), followed by Costa Rica (8.20 kg per person), Venezuela (6.23 kg per person) and Paraguay (4.59 kg per person), while the world average per capita consumption of melon was estimated at 2.82 kg per person.

Market Forecast 2019-2030

Driven by increasing demand for melon in Latin America and the Caribbean, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.9% for the period from 2019 to 2030, which is projected to bring the market volume to 2.1M tonnes by the end of 2030.

Production in Latin America and the Caribbean

In 2019, approx. 2.9M tonnes of melons were produced in Latin America and the Caribbean; stabilizing at 2018. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 5.5% y-o-y. Over the period under review, production hit record highs in 2019 and is likely to see gradual growth in the immediate term. The general positive trend in terms output was largely conditioned by a relatively flat trend pattern of the harvested area and a relatively flat trend pattern in yield figures.

Production by Country

The countries with the highest volumes of melon production in 2019 were Guatemala (633K tonnes), Mexico (600K tonnes) and Brazil (590K tonnes), together accounting for 63% of total production. Honduras, Venezuela, Costa Rica and Argentina lagged somewhat behind, together comprising a further 26%.

From 2007 to 2019, the biggest increases were in Honduras, while melon production for the other leaders experienced more modest paces of growth.

Harvested Area in Latin America and the Caribbean

The melon harvested area reached 130K ha in 2019, approximately mirroring 2018 figures. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the harvested area increased by 5.7% y-o-y. Over the period under review, the harvested area dedicated to melon production reached the peak figure at 136K ha in 2007; however, from 2008 to 2019, the harvested area failed to regain the momentum.

Yield in Latin America and the Caribbean

In 2019, the average melon yield in Latin America and the Caribbean amounted to 22 tonne per ha, approximately reflecting 2018 figures. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the yield increased by 7.8% year-to-year. The level of yield peaked at 23 tonne per ha in 2016; however, from 2017 to 2019, the yield remained at a lower figure.

Exports in Latin America and the Caribbean

In 2019, the amount of melons exported in Latin America and the Caribbean dropped to 1.1M tonnes, which is down by -5.2% compared with the year before. In general, exports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 17% year-to-year. The volume of export peaked at 1.3M tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, melon exports declined to $692M (IndexBox estimates) in 2019. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of 17% against the previous year. The level of export peaked at $811M in 2017; however, from 2018 to 2019, exports remained at a lower figure.

Exports by Country

Guatemala (306K tonnes), Honduras (264K tonnes) and Brazil (252K tonnes) represented roughly 77% of total exports of melons in 2019. Costa Rica (126K tonnes) ranks next in terms of the total exports with a 12% share, followed by Mexico (10%).

From 2007 to 2019, the biggest increases were in Honduras, while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest melon supplying countries in Latin America and the Caribbean were Honduras ($206M), Brazil ($160M) and Guatemala ($131M), with a combined 72% share of total exports.

Honduras saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2019, the melon export price in Latin America and the Caribbean amounted to $652 per tonne, declining by -2.9% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2017 when the export price increased by 26% year-to-year. As a result, export price attained the peak level of $848 per tonne. From 2018 to 2019, the growth in terms of the export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($810 per tonne), while Guatemala ($428 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Honduras, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

goat meat

The Asian-Pacific Goat Meat Market to Retain Robust Growth

IndexBox has just published a new report: ‘Asia-Pacific – Goat Meat – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The Asia-Pacific goat meat market expanded rapidly to $30.1B in 2019, growing by 9.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The total market indicated a prominent expansion from 2007 to 2019: its value increased at an average annual rate of +1.8% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +56.7% against 2014 indices. The level of consumption peaked in 2019 and is expected to retain growth in years to come.

Consumption by Country

The country with the largest volume of goat meat consumption was China (2.4M tonnes), comprising approx. 61% of total volume. Moreover, goat meat consumption in China exceeded the figures recorded by the second-largest consumer, India (502K tonnes), fivefold. The third position in this ranking was occupied by Pakistan (352K tonnes), with a 9.1% share.

In China, goat meat consumption increased at an average annual rate of +1.9% over the period from 2007-2019. In the other countries, the average annual rates were as follows: India (-0.5% per year) and Pakistan (+2.8% per year).

In value terms, China ($22.7B) led the market, alone. The second position in the ranking was occupied by India ($2.4B). It was followed by Pakistan.

The countries with the highest levels of goat meat per capita consumption in 2019 were Nepal (2.47 kg per person), Myanmar (1.89 kg per person) and Pakistan (1.72 kg per person).

Market Forecast 2019-2030

Driven by increasing demand for goat meat in Asia-Pacific, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.5% for the period from 2019 to 2030, which is projected to bring the market volume to 4.6M tonnes by the end of 2030.

Production in Asia-Pacific

In 2019, goat meat production in Asia-Pacific rose to 3.9M tonnes, with an increase of 2% on 2018 figures. The total output volume increased at an average annual rate of +1.8% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2016 with an increase of 3.4% y-o-y. Over the period under review, production reached the peak volume in 2019 and is likely to see gradual growth in the immediate term. The general positive trend in terms output was largely conditioned by a mild expansion of the number of producing animals and a relatively flat trend pattern in yield figures.

In value terms, goat meat production soared to $36.8B in 2019 estimated in export prices. Overall, production posted a remarkable increase. Over the period under review, production hit record highs in 2019 and is expected to retain growth in the immediate term.

Production by Country

China (2.4M tonnes) remains the largest goat meat producing country in Asia-Pacific, accounting for 61% of total volume. Moreover, goat meat production in China exceeded the figures recorded by the second-largest producer, India (502K tonnes), fivefold. The third position in this ranking was occupied by Pakistan (353K tonnes), with a 9.1% share.

In China, goat meat production increased at an average annual rate of +1.9% over the period from 2007-2019. In the other countries, the average annual rates were as follows: India (-0.5% per year) and Pakistan (+2.7% per year).

Producing Animals in Asia-Pacific

In 2019, the number of animals slaughtered for goat meat production in Asia-Pacific expanded to 291M heads, picking up by 1.6% compared with the previous year. This number increased at an average annual rate of +1.5% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2009 when the number of producing animals increased by 5.3% year-to-year. Over the period under review, this number hit record highs at 291M heads in 2016; however, from 2017 to 2019, producing animals failed to regain the momentum.

Yield in Asia-Pacific

The average goat meat yield amounted to 13 kg per head in 2019, leveling off at the year before. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 5.1% y-o-y. Over the period under review, the goat meat yield hit record highs in 2019 and is likely to see steady growth in years to come.

Imports in Asia-Pacific

In 2019, the amount of goat meat imported in Asia-Pacific contracted to 8.8K tonnes, waning by -9.2% on 2018. The total import volume increased at an average annual rate of +1.2% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 25% against the previous year. As a result, imports reached the peak of 12K tonnes. From 2015 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, goat meat imports declined to $43M (IndexBox estimates) in 2019. Overall, imports, however, recorded buoyant growth. The level of import peaked at $57M in 2017; however, from 2018 to 2019, imports yet failed to regain the momentum.

Imports by Country

The purchases of the four major importers of goat meat, namely Taiwan, Viet Nam, South Korea and Hong Kong SAR, represented more than two-thirds of total import. It was distantly followed by Japan (460 tonnes), making up a 5.2% share of total imports. China (317 tonnes), Macao SAR (292 tonnes), India (209 tonnes), Sri Lanka (185 tonnes), Malaysia (177 tonnes) and the Philippines (169 tonnes) followed a long way behind the leaders.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest goat meat importing markets in Asia-Pacific were Taiwan ($12M), South Korea ($9.4M) and Hong Kong SAR ($6.4M), together comprising 64% of total imports. These countries were followed by Japan, Viet Nam, Macao SAR, China, Malaysia, Sri Lanka, the Philippines and India, which together accounted for a further 32%.

Among the main importing countries, India recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the goat meat import price in Asia-Pacific amounted to $4,887 per tonne, waning by -2.2% against the previous year. Import price indicated a perceptible increase from 2007 to 2019: its price increased at an average annual rate of +4.5% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, goat meat import price decreased by -15.8% against 2017 indices. The growth pace was the most rapid in 2016 when the import price increased by 22% year-to-year. Over the period under review, import prices reached the peak figure at $5,802 per tonne in 2017; however, from 2018 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Macao SAR ($7,657 per tonne), while Viet Nam ($1,613 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Macao SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

potato market

The Global Potato Market Hits Record Highs

IndexBox has just published a new report: ‘World – Potato – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In 2019, the global potato market increased by 6% to $140.5B, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +3.0% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hits record highs in 2019 and is expected to retain growth in years to come.

Consumption by Country

The countries with the highest volumes of potato consumption in 2019 were China (93M tonnes), India (51M tonnes) and Ukraine (23M tonnes), with a combined 45% share of global consumption. These countries were followed by Russia, the U.S., Bangladesh, Germany, Poland, the Netherlands, Canada and Belarus, which together accounted for a further 23%.

From 2007 to 2019, the most notable rate of growth in terms of potato consumption, amongst the leading consuming countries, was attained by Bangladesh, while potato consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($52.3B) led the market, alone. The second position in the ranking was occupied by India ($10.5B). It was followed by the U.S..

The countries with the highest levels of potato per capita consumption in 2019 were Belarus (591 kg per person), Ukraine (521 kg per person) and the Netherlands (350 kg per person).

Market Forecast 2019-2030

Driven by increasing demand for potato worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.6% for the period from 2019 to 2030, which is projected to bring the market volume to 441M tonnes by the end of 2030.

Production 2007-2019

In 2019, the amount of potatoes produced worldwide reached 371M tonnes, surging by 2.1% on the previous year. The total output volume increased at an average annual rate of +1.6% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2011 with an increase of 12% against the previous year. Global production peaked in 2019 and is expected to retain growth in years to come. The general positive trend in terms output was largely conditioned by a slight expansion of the harvested area and modest growth in yield figures.

Production by Country

The countries with the highest volumes of potato production in 2019 were China (93M tonnes), India (51M tonnes) and Ukraine (23M tonnes), with a combined 45% share of global production. These countries were followed by Russia, the U.S., Bangladesh, Germany, France, Poland, the Netherlands, Canada and Belarus, which together accounted for a further 25%.

From 2007 to 2019, the most notable rate of growth in terms of potato production, amongst the key producing countries, was attained by Bangladesh, while potato production for the other global leaders experienced more modest paces of growth.

Harvested Area 2007-2019

In 2019, the total area harvested in terms of potatoes production worldwide was estimated at 18M ha, approximately mirroring the previous year. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of 2.7% year-to-year. As a result, the harvested area attained the peak level of 19M ha. From 2012 to 2019, the growth of the global potato harvested area failed to regain the momentum.

Yield 2007-2019

The global average potato yield stood at 21 tonne per ha in 2019, growing by 1.6% on 2018. The yield figure increased at an average annual rate of +1.7% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the yield increased by 8.9% year-to-year. Over the period under review, the average potato yield hit record highs in 2019 and is expected to retain growth in years to come.

Exports 2007-2019

In 2019, shipments abroad of potatoes increased by 4.9% to 15M tonnes, rising for the fourth consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.2% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 42% against the previous year. As a result, exports reached the peak of 16M tonnes. From 2014 to 2019, the growth of global exports remained at a lower figure.

In value terms, potato exports rose rapidly to $4.8B (IndexBox estimates) in 2019. The total export value increased at an average annual rate of +2.8% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

Exports by Country

In 2019, France (3.5M tonnes), distantly followed by Germany (1.9M tonnes), the Netherlands (1.8M tonnes), Belgium (1M tonnes) and Egypt (0.7M tonnes) were the main exporters of potatoes, together committing 60% of total exports. Pakistan (625K tonnes), the U.S. (550K tonnes), Canada (504K tonnes), China (471K tonnes), India (417K tonnes), Spain (303K tonnes) and Saudi Arabia (294K tonnes) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in India, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest potato supplying countries worldwide were France ($812M), the Netherlands ($800M) and Germany ($440M), together comprising 43% of global exports. China, Egypt, the U.S., Belgium, Canada, Spain, Pakistan, India and Saudi Arabia lagged somewhat behind, together comprising a further 35%.

In terms of the main exporting countries, India recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average potato export price stood at $323 per tonne in 2019, picking up by 4.1% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average export price increased by 18% year-to-year. As a result, export price attained the peak level of $375 per tonne. From 2012 to 2019, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($613 per tonne), while Saudi Arabia ($170 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

canned food

The EU Canned Food Market Picks Up the Momentum

IndexBox has just published a new report: ‘EU – Canned Food – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

After two years of decline, the EU canned food market increased by 3.6% to $7.7B in 2019. Over the period under review, consumption, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2016 when the market value increased by 7.7% against the previous year. The level of consumption peaked at $8.9B in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Consumption by Country

The countries with the highest volumes of canned food consumption in 2019 were Germany (445K tonnes), France (380K tonnes) and the UK (357K tonnes), together accounting for 50% of total consumption. These countries were followed by Spain, Ireland, Italy and the Netherlands, which together accounted for a further 31%.

From 2007 to 2019, the most notable rate of growth in terms of canned food consumption, amongst the leading consuming countries, was attained by Ireland, while canned food consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest canned food markets in the European Union were Germany ($1.5B), France ($1.3B) and Ireland ($1.2B), with a combined 52% share of the total market.

In 2019, the highest levels of canned food per capita consumption was registered in Ireland (40 kg per person), followed by the Netherlands (9.33 kg per person), France (5.78 kg per person) and Germany (5.43 kg per person), while the world average per capita consumption of canned food was estimated at 4.65 kg per person.

Market Forecast 2019-2030

Driven by rising demand for canned food in the European Union, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.2% for the period from 2019 to 2030, which is projected to bring the market volume to 2.4M tonnes by the end of 2030.

Production in the EU

After two years of decline, production of canned food increased by 2.9% to 3M tonnes in 2019. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 15% year-to-year. As a result, production reached the peak volume of 3M tonnes; afterwards, it flattened through to 2019.

In value terms, canned food production stood at $11.2B in 2019 estimated in export prices. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 12% year-to-year. The level of production peaked in 2019 and is expected to retain growth in years to come.

Production by Country

The countries with the highest volumes of canned food production in 2019 were France (510K tonnes), Germany (462K tonnes) and Spain (382K tonnes), together comprising 46% of total production. These countries were followed by the Netherlands, Ireland, the UK, Poland and Italy, which together accounted for a further 41%.

From 2007 to 2019, the most notable rate of growth in terms of canned food production, amongst the leading producing countries, was attained by Ireland, while canned food production for the other leaders experienced more modest paces of growth.

Exports in the EU

In 2019, exports of canned food in the European Union expanded to 1.6M tonnes, with an increase of 3.5% on the previous year’s figure. Total exports indicated a temperate expansion from 2007 to 2019: its volume increased at an average annual rate of +4.8% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +59.8% against 2010 indices. The pace of growth was the most pronounced in 2008 when exports increased by 16% y-o-y. The volume of export peaked in 2019 and is likely to see gradual growth in the near future.

In value terms, canned food exports rose to $9.1B (IndexBox estimates) in 2019. Overall, exports posted a buoyant increase. The pace of growth was the most pronounced in 2008 with an increase of 28% year-to-year. Over the period under review, exports hit record highs in 2019 and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from the Netherlands (313K tonnes), France (228K tonnes), Spain (221K tonnes), Germany (165K tonnes), Ireland (150K tonnes) and Poland (137K tonnes), together amounting to 76% of total export. Italy (58K tonnes), Denmark (48K tonnes), Belgium (46K tonnes), the UK (36K tonnes) and Austria (28K tonnes) took a minor share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Spain, while exports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($3.2B) remains the largest canned food supplier in the European Union, comprising 35% of total exports. The second position in the ranking was occupied by France ($1.3B), with a 15% share of total exports. It was followed by Ireland, with a 11% share.

From 2007 to 2019, the average annual growth rate of value in the Netherlands stood at +15.4%. In the other countries, the average annual rates were as follows: France (+7.9% per year) and Ireland (+2.4% per year).

Export Prices by Country

The canned food export price in the European Union stood at $5,724 per tonne in 2019, remaining stable against the previous year. Over the last twelve years, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2008 when the export price increased by 10% against the previous year. Over the period under review, export prices attained the maximum in 2019 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($10,124 per tonne), while Spain ($2,617 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2019, approx. 1M tonnes of canned food were imported in the European Union; increasing by 6.2% in 2018. The total import volume increased at an average annual rate of +3.1% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure in 2019 and are expected to retain growth in years to come.

In value terms, canned food imports reached $3.5B (IndexBox estimates) in 2019. The total import value increased at an average annual rate of +3.7% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.

Imports by Country

The UK (151K tonnes), Germany (149K tonnes), the Netherlands (122K tonnes), France (98K tonnes), Italy (75K tonnes) and Belgium (75K tonnes) represented roughly 66% of total imports of canned food in 2019. The following importers – Spain (44K tonnes), Ireland (43K tonnes), Sweden (42K tonnes), Poland (39K tonnes), Austria (26K tonnes) and the Czech Republic (23K tonnes) – together made up 22% of total imports.

From 2007 to 2019, the biggest increases were in Germany, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest canned food importing markets in the European Union were Germany ($602M), the UK ($529M) and the Netherlands ($432M), with a combined 44% share of total imports.

Germany recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the canned food import price in the European Union amounted to $3,500 per tonne, which is down by -3.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the import price increased by 7.1% year-to-year. The level of import peaked at $3,673 per tonne in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Austria ($4,650 per tonne), while Belgium ($2,162 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

fig

Global Fig Market Posts Solid Gains

IndexBox has just published a new report: ‘World – Figs – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Exports 2007-2019

In 2019, shipments abroad of figs increased by 4% to 130K tonnes, rising for the fourth consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.6% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of 13% year-to-year. Over the period under review, global exports attained the maximum in 2019 and are expected to retain growth in the immediate term.

In value terms, fig exports shrank to $467M (IndexBox estimates) in 2019. The total export value increased at an average annual rate of +3.9% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

Exports by Country

Turkey dominates fig exports structure, amounting to 85K tonnes, which was near 65% of total exports in 2019. It was distantly followed by Spain (7.6K tonnes), making up a 5.8% share of total exports. Germany (3.8K tonnes), the Netherlands (3.8K tonnes), Syrian Arab Republic (3.7K tonnes), Greece (3.6K tonnes), the U.S. (2.3K tonnes), France (2K tonnes) and Iran (2K tonnes) occupied a relatively small share of total exports.

From 2007 to 2019, average annual rates of growth with regard to fig exports from Turkey stood at +5.0%. At the same time, Greece (+6.5%), Germany (+5.3%), Spain (+3.9%), Syrian Arab Republic (+3.7%) and the Netherlands (+2.3%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the world, with a CAGR of +6.5% from 2007-2019. France experienced a relatively flat trend pattern. By contrast, the U.S. (-2.3%) and Iran (-7.0%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Turkey and Spain increased by +29% and +2.2% percentage points, while Iran (-2.1 p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($287M) remains the largest fig supplier worldwide, comprising 61% of global exports. The second position in the ranking was occupied by the Netherlands ($21M), with a 4.5% share of global exports. It was followed by Spain, with a 4.4% share.

From 2007 to 2019, the average annual rate of growth in terms of value in Turkey totaled +4.5%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+3.2% per year) and Spain (+7.7% per year).

Export Prices by Country

The average fig export price stood at $3,591 per tonne in 2019, dropping by -6.4% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of 20% year-to-year. As a result, export price attained the peak level of $4,138 per tonne. From 2009 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was the U.S. ($5,855 per tonne), while Iran ($2,269 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic, while the other global leaders experienced more modest paces of growth.

Imports 2007-2019

Global fig imports rose notably to 162K tonnes in 2019, surging by 10% compared with the previous year’s figure. In general, total imports indicated a tangible expansion from 2007 to 2019: its volume increased at an average annual rate of +4.7% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +25.8% against 2017 indices. Global imports peaked in 2019 and are likely to see gradual growth in the near future.

In value terms, fig imports rose sharply to $603M (IndexBox estimates) in 2019. Overall, total imports indicated a strong increase from 2007 to 2019: its value increased at an average annual rate of +4.7% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global imports hit record highs in 2019 and are expected to retain growth in the near future.

Imports by Country

In 2019, India (27K tonnes), followed by Germany (18K tonnes), France (15K tonnes), the U.S. (12K tonnes) and the UK (7.5K tonnes) were the key importers of figs, together making up 49% of total imports. The following importers – Russia (5.6K tonnes), Austria (5.5K tonnes), Italy (5.2K tonnes), the Netherlands (4.7K tonnes), Canada (4.1K tonnes), Viet Nam (3.6K tonnes) and Switzerland (3.6K tonnes) – together made up 20% of total imports.

From 2007 to 2019, the biggest increases were in India, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, India ($96M), Germany ($63M) and France ($57M) appeared to be the countries with the highest levels of imports in 2019, together accounting for 36% of global imports. These countries were followed by the U.S., the UK, Austria, Canada, Italy, the Netherlands, Switzerland, Viet Nam and Russia, which together accounted for a further 33%.

Viet Nam saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average fig import price stood at $3,725 per tonne in 2019, waning by -4.4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of 24% against the previous year. As a result, import price reached the peak level of $4,294 per tonne. From 2009 to 2019, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Canada ($5,675 per tonne), while Russia ($1,529 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform