Frozen Fruit and Nut Market in the EU Grew Slightly to $2.4B - Global Trade Magazine
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  January 17th, 2020 | Written by

Frozen Fruit and Nut Market in the EU Grew Slightly to $2.4B

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  • In 2018, the exports of frozen fruit and nuts in the European Union stood at 885K tonnes, rising by 2.6%.
  • Portugal emerged as the fastest-growing exporter exported in the European Union.
  • In 2018, approx. 1.4M tonnes of frozen fruit and nuts were imported in the European Union.

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

The revenue of the frozen fruit and nuts market in the European Union amounted to $2.4B in 2018, growing by 1.5% 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 +1.5% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the frozen fruit and nuts market attained its maximum level in 2018 and is likely to see steady growth in the near future.

Consumption By Country

The country with the largest volume of frozen fruit and nuts consumption was Germany (369K tonnes), comprising approx. 25% of total volume. Moreover, frozen fruit and nuts consumption in Germany exceeded the figures recorded by the second-largest consumer, France (184K tonnes), twofold. The third position in this ranking was occupied by Italy (149K tonnes), with a 10% share.

In Germany, frozen fruit and nuts consumption expanded at an average annual rate of +2.2% over the period from 2007-2018. The remaining consuming countries recorded the following average annual rates of consumption growth: France (+1.8% per year) and Italy (-5.0% per year).

In value terms, Germany ($632M), France ($389M) and Italy ($272M) constituted the countries with the highest levels of market value in 2018, with a combined 54% share of the total market. These countries were followed by Poland, the UK, Belgium, the Netherlands, Sweden, Austria, Spain, Hungary and Romania, which together accounted for a further 37%.

The countries with the highest levels of frozen fruit and nuts per capita consumption in 2018 were Belgium (6,286 kg per 1000 persons), Austria (5,257 kg per 1000 persons) and Germany (4,509 kg per 1000 persons).

Market Forecast 2019-2025 in the EU

Driven by increasing demand for frozen fruit and nuts in the European Union, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.2% for the period from 2018 to 2025, which is projected to bring the market volume to 1.6M tonnes by the end of 2025.

Production in the EU

In 2018, approx. 951K tonnes of frozen fruit and nuts were produced in the European Union; shrinking by -5.9% against the previous year. Overall, frozen fruit and nuts production continues to indicate a relatively flat trend pattern. Over the period under review, frozen fruit and nuts production attained its maximum volume at 1.1M tonnes in 2016; however, from 2017 to 2018, production stood at a somewhat lower figure.

Production By Country

Poland (351K tonnes) remains the largest frozen fruit and nuts producing country in the European Union, comprising approx. 37% of total volume. It was followed by Spain (127K tonnes) and Italy (122K tonnes), with the combined share of 26%.

From 2007 to 2018, the average annual rate of growth in terms of volume in Poland stood at +1.5%. The remaining producing countries recorded the following average annual rates of production growth: Spain (-1.2% per year) and Italy (-5.8% per year).

Exports in the EU

In 2018, the exports of frozen fruit and nuts in the European Union stood at 885K tonnes, rising by 2.6% against the previous year. The total export volume increased at an average annual rate of +2.3% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. In value terms, frozen fruit and nuts exports totaled $1.7B (IndexBox estimates) in 2018.

Exports by Country

Poland represented the key exporter of frozen fruit and nuts exported in the European Union, with the volume of exports recording 349K tonnes, which was near 39% of total exports in 2018. The Netherlands (117K tonnes) held a 13% share (based on tonnes) of total exports, which put it in second place, followed by Belgium (9.3%), Spain (5.9%) and Germany (5.8%). Italy (34K tonnes), Greece (32K tonnes), France (18K tonnes), Bulgaria (17K tonnes), Austria (17K tonnes), Portugal (15K tonnes) and Lithuania (15K tonnes) occupied a little share of total exports.

From 2007 to 2018, average annual rates of growth with regard to frozen fruit and nuts exports from Poland stood at +2.2%. At the same time, Portugal (+10.7%), France (+7.4%), Bulgaria (+5.0%), the Netherlands (+4.3%), Germany (+3.5%), Italy (+3.3%), Lithuania (+2.0%), Spain (+1.7%) and Greece (+1.4%) displayed positive paces of growth.

Moreover, Portugal emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +10.7% from 2007-2018. Belgium experienced a relatively flat trend pattern. By contrast, Austria (-3.6%) illustrated a downward trend over the same period.

In value terms, Poland ($563M) remains the largest frozen fruit and nuts supplier in the European Union, comprising 33% of total frozen fruit and nuts exports. The second position in the ranking was occupied by the Netherlands ($229M), with a 13% share of total exports. It was followed by Belgium, with a 11% share.

Export Prices by Country

In 2018, the frozen fruit and nuts export price in the European Union amounted to $1,931 per tonne, surging by 5.8% against the previous year. Overall, the frozen fruit and nuts export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of 27% year-to-year. The level of export price peaked at $2,304 per tonne in 2008; however, from 2009 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Lithuania ($3,052 per tonne), while Greece ($1,450 per tonne) was amongst the lowest.

Imports in the EU

In 2018, approx. 1.4M tonnes of frozen fruit and nuts were imported in the European Union; surging by 2.5% against the previous year. The total import volume increased at an average annual rate of +2.8% over the period from 2007 to 2018. The volume of imports peaked in 2018 and is expected to retain its growth in the near future. In value terms, frozen fruit and nuts imports amounted to $2.6B (IndexBox estimates) in 2018.

Imports by Country

Germany represented the largest importer of frozen fruit and nuts imported in the European Union, with the volume of imports finishing at 396K tonnes, which was approx. 28% of total imports in 2018. It was distantly followed by France (183K tonnes), the Netherlands (154K tonnes), Belgium (136K tonnes), Poland (93K tonnes), the UK (89K tonnes) and Austria (63K tonnes), together committing a 52% share of total imports.

In value terms, the largest frozen fruit and nuts importing markets in the European Union were Germany ($671M), France ($386M) and the Netherlands ($257M), together comprising 50% of total imports. Belgium, the UK, Poland and Austria lagged somewhat behind, together accounting for a further 28%.

Import Prices by Country

In 2018, the frozen fruit and nuts import price in the European Union amounted to $1,903 per tonne, jumping by 5.4% against the previous year. Overall, the frozen fruit and nuts import price continues to indicate a relatively flat trend pattern.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in the UK ($2,256 per tonne) and France ($2,102 per tonne), while the Netherlands ($1,664 per tonne) and Germany ($1,696 per tonne) were amongst the lowest.

Source: IndexBox AI Platform