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Crowding Competitors Out with Lower Prices, Indian Exports Dominate the Global Rice Market

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Crowding Competitors Out with Lower Prices, Indian Exports Dominate the Global Rice Market

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

Over 2020-2021 period, the global rice market displayed robust production indicators. Despite a pronounced shortage of shipping containers threatening to disrupt supplies to Africa, the global rice export market continues to expand. India maintains its status as the largest exporter, boasting the most competitive rice export prices.

Key Trends and Insights

Over 2020, rice production worldwide increased by 2.0 million tonnes against previous year figures, surging to a record 503.2 million tonnes (according to USDA data).

Africa, a key rice importer, may encounter a shortage in rice supplies, following a global lack of shipping containers in 2021. Despite the fact that rice production in Africa has increased by 10% over the past 5-year period, the continent continues to rely heavily on imports.

Over the 2019-2020 period, India exported a record 14.5K tonnes of rice, maintaining its dominant export position worldwide. The bumper crop yield seen over the past two years has enabled India to maintain competitively low prices, thereby displacing Pakistan’s and Myanmar’s exports from the African market. In 2021, it is projected that increased supplies to Bangladesh will further boost Indian exports. China is now redirecting its national rice stores for domestic consumption and has reduced the volume of rice exports to Africa.

Over the 2020-2021 period, India boasted the most competitively low prices ($370 per ton of nonparboiled white rice), while prices for Vietnamese rice surged, following a stocks shortage until the beginning of the rice crop yield ($515 per ton of 5-percent broken kernel long-grain milled rice), becoming comparable with Thai rice prices. The price for rice from the USA, Uruguay and Argentina now exceeds $600 per ton.

India to Feature Increasing Consumption and Export Volumes

The global rice market reached $363.8B in 2019, flattening at the previous year. The figures in this article relate to all types of rice (paddy, milled, etc.) in total.

The countries with the highest volumes of rice consumption in 2019 were China (211M tonnes), India (168M tonnes) and Indonesia (57M tonnes), together comprising 57% of global consumption. These countries were followed by Bangladesh, Viet Nam, Myanmar, Thailand and the Philippines, which together accounted for a further 21% (IndexBox estimates).

From 2012 to 2019, the biggest increases were in the Philippines, while rice consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($114.7B) led the market, alone. The second position in the ranking was occupied by Bangladesh ($57.1B). It was followed by the Philippines.

The countries with the highest levels of rice per capita consumption in 2019 were Myanmar (472 kg per person), Viet Nam (390 kg per person) and Bangladesh (330 kg per person).

From 2012 to 2019, the biggest increases were in India, while rice per capita consumption for the other global leaders experienced mixed trends in the per capita consumption figures.

After two years of growth, overseas shipments of rice decreased by -9.8% to 39M tonnes in 2019. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2019.

In value terms, rice exports dropped to $23.1B (IndexBox estimates) in 2019. In general, exports, however, continue to indicate a relatively flat trend pattern.

In 2019, India (9.8M tonnes), distantly followed by Thailand (5.8M tonnes), Viet Nam (5.5M tonnes), Pakistan (4.6M tonnes), the U.S. (3.6M tonnes) and China (2.1M tonnes) represented the largest exporters of rice, together creating 80% of total exports. Brazil (1,063K tonnes), Paraguay (738K tonnes), Myanmar (733K tonnes) and Italy (679K tonnes) followed a long way behind the leaders.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the largest rice supplying countries worldwide were India ($6.8B), Thailand ($4.2B) and Viet Nam ($2.4B), together comprising 58% of global exports. Pakistan, the U.S., China, Italy, Brazil, Myanmar and Paraguay lagged somewhat behind, together comprising a further 28%.

The average rice export price stood at $584 per tonne in 2019, increasing by 5.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, average export prices attained the maximum at $621 per tonne in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

Source: IndexBox AI Platform

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While the European Meat and Poultry Market is Hampered by Avian Influenza, British Producers Struggle with Brexit Shocks

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

The European meat and poultry market remains relatively resilient against the pandemic but suffers from a pathogenic avian influenza outbreak. Brexit hampers severely British meat exports to the EU. The new green agenda forces livestock breeders and meat producers to reduce emissions. Should this trend strengthen, the alternative protein market may emerge against the slower growth of the meat industry.

Key Trends and Insights

The European market was not damaged dramatically by the pandemic. After lockdowns in April 2020, it recovered rapidly and returned to its seasonal trend.

According to the latest USDA report, the EU meat production in 2020 reduced slightly due to the outbreak of Highly pathogenic avian influenza (HPAI).

The EU is considering the possibility of providing subsidies to farms in 2021-2027 for implementing measures to reduce greenhouse emissions from livestock, such as the use of feed additives to reduce the amount of methane emitted by animals.

After Brexit, the UK meat exporters face supply delays. They suffer losses as they cannot export chilled minced red meat, chilled meat preparations, such as raw sausages, minced meat, poultry mechanically-separated meat. The British Meat Processors Association (BMPA) continues negotiations with the European Union to create an export health safety certificate for these products so they could be imported into the EU.

The alternative protein production is steadily increasing. According to the latest data by Good Food Institute, in 2020, venture capital funds invested $1.5B in the global alternative protein industry. Since meat production is carbon-intensive, its long-term growth may be hampered by the new green agenda while the market for alternative proteins emerges.

Consumption by Country

The countries with the highest volumes of meat and poultry consumption in 2019 were Germany (7.8M tonnes), France (5.6M tonnes), and Spain (5.4M tonnes), with a combined 41% share of total consumption. These countries were followed by Italy, the UK, Poland, the Netherlands, Romania, Portugal, Denmark, Belgium, Hungary, and Austria, which together accounted for a further 47% (IndexBox estimates).

From 2012 to 2019, the biggest increases were in Romania, while meat and poultry consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest meat and poultry markets in the European Union were Germany ($24.4B), France ($19.2B), and Italy ($15.3B), together comprising 44% of the total market.

The countries with the highest levels of meat and poultry per capita consumption in 2019 were Denmark (174 kg per person), Spain (114 kg per person), and Portugal (103 kg per person).

From 2012 to 2019, the most notable growth rate in terms of meat and poultry per capita consumption, amongst the main consuming countries, was attained by Romania, while meat and poultry per capita consumption for the other leaders experienced more modest paces of growth.

EU Meat and Poultry Exports

In 2019, exports of meat and poultry in the European Union expanded to 16M tonnes, growing by 1.9% against 2018 figures. In value terms, meat and poultry exports rose to $47.7B (IndexBox estimates).

The Netherlands (2.6M tonnes), Germany (2.5M tonnes), Spain (2.2M tonnes), and Poland (2M tonnes) represented roughly 58% of total exports of meat and poultry in 2019.

From 2012 to 2019, the biggest increases were in Poland, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($8.1B), Germany ($7.5B), and Spain ($6.6B) appeared to be the countries with the highest levels of exports in 2019, with a combined 46% share of total exports.

In 2019, the meat and poultry export price in the European Union amounted to $2,948 per tonne, remaining stable against the previous year.

Average prices varied somewhat amongst the major exporting countries. In 2019, major exporting countries recorded the following prices: in the Netherlands ($3,098 per tonne) and Spain ($3,033 per tonne), while Belgium ($2,421 per tonne) and the UK ($2,510 per tonne) were amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced a decline in the export price figures.

Production in the EU

In 2019, the amount of meat and poultry produced in the European Union stood at 49M tonnes, remaining stable against 2018. The total output volume increased at an average annual rate of +1.1% from 2012 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years.

The countries with the highest volumes of meat and poultry production in 2019 were Germany (8.2M tonnes), Spain (7.2M tonnes), and France (5.6M tonnes), with a combined 43% share of total production. These countries were followed by Poland, the UK, Italy, the Netherlands, Denmark, Belgium, Ireland, Romania, Hungary, and Austria, which accounted for a further 49%.

From 2012 to 2019, the most notable growth rate in terms of meat and poultry production, amongst the leading producing countries, was attained by Poland, while meat and poultry production for the other leaders experienced more modest paces of growth.

Producing Animals and Yield in the EU

In 2019, the number of animals slaughtered for meat and poultry production in the European Union amounted to 8.3B heads, approximately mirroring 2018 figures. This number increased at an average annual rate of +1.8% from 2012 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period.

The average meat and poultry yield totaled 5,902 kg per 1000 heads in 2019, therefore, remained relatively stable against the previous year’s figure. In general, the yield, however, showed a relatively flat trend pattern.

Source: IndexBox AI Platform

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Growing Agricultural Industry to Spur the Demand for Nonwoven Weed Control Fabric

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The growing agricultural industry has encouraged farmers to use advanced farming methods for enhancing product quality. Products like nonwoven weed fabrics are necessary for regulating the nutrient content of the soil and maintaining the growth stability of crops.

Nonwoven weeds are fabrics with high durability, elasticity, and strength. They allow air and nutrients to permeate efficiently. They also help in curbing down the maintenance costs of gardens and protects root systems from drastic temperature changes by providing insulation. These fabrics act as a barrier between soil and mulch, thus delaying weed growth.

Weed fabrics permit excellent light transmission and they also have a superior rate of moisture absorption. The protection offered by these fabrics allows plants to grow organically, i.e. without the assistance of herbicides and pesticides, thus improving the quality of the yield.

Rapid urbanization and increasing global population have escalated the demand for staple foods. So, farmers are facing a steep challenge of maximizing the yields without compromising on the farming methods.

This is where nonwoven weed fabrics come into the picture. These crop covers can be laid over seedbeds, thus creating a micro-climate scenario where humidity and heat can be controlled. This accelerates the growth of crops whilst protecting them from adverse climatic conditions.

Extensive gardening to stimulate the demand for nonwoven weed control fabrics

Gardeners use nonwoven weed control fabrics for controlling weed growth and soil erosion. Regulating weed growth is crucial because it can restrain crop growth during their flourishing season. Also, these fabrics are efficient on flat surfaces making them ideal for gardening. Increased demand for household gardening coupled with growing insistence on biodegradable products will boost the consumption of these fabrics over the forecasted timeframe.

Asia Pacific region to showcase increased usage of nonwoven weed control fabrics

Growing demand for Asian agricultural produce across the world has bolstered the utilization of these fabrics in the region. Famers from Japan and India have adopted advanced agricultural methods owing to which the quality of the yield has improved, thus justifying the demand. Also, the increasing population has also escalated the demand for food products, thus stimulating the distribution of nonwoven weed fabrics across the region.

On the other hand, North America is predicted to experience substantial growth over the forecasted timeframe with increased insistence for nurseries. Also, the rising requirement of a range of bulbs, plants, and seeds has assisted in the growing usage of these fabrics. In addition, increased disposable income has led to people investing in household nurseries and farming, thus increasing the demand for these fabrics in the region.

Many leading industry players devise strategies like partnerships, mergers & acquisitions, and product launches to solidify their position in the market. To support this statement with an instance, Plantex, a product of DuPont, is environment-friendly and lasts longer. It is ideally used for surfaces like turf, mulch and gravel. Its chemical-free nature allows the fabric to have effective control over the growth of weed.

avocado
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The Asian-Pacific Avocado Market Peaks Near $1.4B

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

For the eighth year in a row, the Asia-Pacific avocado market recorded growth in sales value, which increased steadily to approx. $1.4B (in wholesale prices, excluding retailers’ margins) over the last seven years. This trend is generally in line with the global trend of rising avocado consumption. Consumers consider avocados as a healthy and tasty fruit, and the fashion for a healthy lifestyle that gains momentum worldwide promotes avocado consumption. The growth of the Asian-Pacific market is facilitated by the growing popularity of Western cuisine in major cities in China and other Asian countries.

Consumption by Country

Indonesia (462K tonnes) remains the largest avocado-consuming country in Asia-Pacific, accounting for 52% of total volume (IndexBox estimates). Avocado consumption in Indonesia exceeded the figures recorded by the second-largest consumer, China (173K tonnes), threefold. Australia (90K tonnes) ranked third in terms of total consumption with a 10% share.

From 2012 to 2019, the average annual growth rate of volume in Indonesia stood at +6.7%. In the other countries, the average annual rates were as follows: China (+6.9% per year) and Australia (+6.8% per year).

In value terms, Indonesia ($404M), Australia ($345M), and China ($224M) constituted the countries with the highest levels of market value in 2019, together accounting for 69% of the total market. These countries were followed by Japan, New Zealand, Sri Lanka, and the Philippines, which together accounted for a further 24%.

The country with the largest volume of avocado production was Indonesia (462K tonnes), accounting for 61% of the total volume. Avocado production in Indonesia exceeded the figures recorded by the second-largest producer, China (129K tonnes), fourfold. The third position in this ranking was occupied by Australia (80K tonnes), with an 11% share.

The countries with the highest levels of avocado per capita consumption in 2019 were Australia (3.58 kg per person), New Zealand (3.06 kg per person), and Indonesia (1.71 kg per person).

From 2012 to 2019, the biggest increases were in Sri Lanka, while avocado per capita consumption for the other leaders experienced more modest paces of growth.

Imports in Asia-Pacific

In 2019, approx. 178K tonnes of avocados were imported in Asia-Pacific; picking up by 8.4% against the previous year. In general, imports saw a buoyant increase. Over the period under review, imports attained the maximum in 2019 and are expected to retain growth in the near future. In value terms, avocado imports rose significantly to $516M (IndexBox estimates) in 2019. Over the period under review, imports enjoyed a strong expansion.

In 2019, Japan (77K tonnes) represented the key importer of avocados, making up 43% of total imports. China (44K tonnes) ranks second in terms of total imports with a 25% share, followed by Hong Kong SAR (10%), Australia (8.4%), and South Korea (4.6%). Singapore (5.5K tonnes) and Malaysia (3.9K tonnes) held a minor share of total imports.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (+66.2% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest avocado importing markets in Asia-Pacific were Japan ($202M), China ($134M), and Australia ($54M), with a combined 75% share of total imports.

The COVID crisis has had a significant impact on imports to China. In 2020, according to official data from China Customs, avocado imports in the first nine months were over 18K tons, down 23.8% from 2019. As the quarantine gradually eases, demand for avocados in China can be expected to recover. Since the main consumers of avocados are affluent residents of large cities, the continued growth of the middle class of China’s population is expected to further increase demand for avocados.

Until the pandemic is fully overcome, the risk of supply chain disruption due to asynchronous quarantine measures in different countries persists. Indonesia, meanwhile, remains the only country with self-sufficient avocado production, thereby being less susceptible to pandemic-related risks.

Source: IndexBox AI Platform

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The Spice Market to Be Supported by Rising Household Demand During the Pandemic

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

The pandemic forced us to change the way we live. People started to eat more at home, which caused some changes in the distribution channels of spices. During the lockdown, the drop in demand from retail was offset by a sharp surge in household demand.

The most exported spices in 2020 were chili pepper (2.6 million tonnes were exported) and caraway (1.53 million tonnes). There were also increases in cardamom exports (up to 369% as compared to 2019) and turmeric (up to 42%). The growing popularity of these spices during the pandemic was associated with a widely held view on their ability to increase human immunity. During the year, there were sharp jumps in the prices of some spices, such as ginger. (IndexBox estimates)

The leading exporter and producer of spices, India increased exports of these products by 19% between April and September 2020 compared to the same period the previous year. In the first 3 quarters of 2020, India exported over 800 thousand tons of spices. The total Indian exports reached over 900 thousand tons in 2020.

Driven by increasing demand for spice worldwide, the market is expected to continue an upward consumption trend over the next decade.

Global Spice Exports to Keep on Growing

For the fourth consecutive year, the global market recorded growth in spices’ overseas shipments, which increased by 1% to 3.4M tonnes in 2019. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations observed in certain years. The pace of growth was the most pronounced in 2014 when exports increased by 14% year-to-year. Over the period under review, global exports hit record highs in 2019 and are likely to see gradual growth in years to come.

In value terms, spice exports contracted to $10.1B (IndexBox estimates) in 2019. The total export value increased at an average annual rate of +4.0% from 2012 to 2019; the trend pattern indicated some noticeable fluctuations recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 18% year-to-year. Global exports peaked at $10.5B in 2018 and then reduced modestly in the following year.

India (905K tonnes) and China (798K tonnes) represented roughly 51% of spices’ total exports in 2019. It was distantly followed by Viet Nam (277K tonnes), creating an 8.2% share of total exports. The following exporters – Indonesia (128K tonnes), the Netherlands (109K tonnes), Brazil (106K tonnes), Spain (87K tonnes), Thailand (82K tonnes), Peru (58K tonnes), and Turkey (56K tonnes) – together made up 19% of total exports.

In value terms, India ($1.8B), China ($1.3B), and Viet Nam ($824M) were the countries with the highest levels of exports in 2019, together comprising 39% of global exports. These countries were followed by Indonesia, the Netherlands, Spain, Brazil, Turkey, Peru, and Thailand, which accounted for a further 19%.

Source: IndexBox AI Platform

potato chips
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The European Potato Chips Market Retains Growth Despite the Pandemic

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

Potato chips constitute a very widely known and popular product in the EU. The market size is estimated at $4.5B (this figure refers to producers and importers’ revenues, excl. retail margins), which equated to approx. 1.9M tonnes. The countries with the highest volumes of potato chip consumption are Germany (487K tonnes), Italy (249K tonnes), and France (246K tonnes), with a combined 53% share of total consumption. The Netherlands, the UK, Spain, Sweden, Portugal, Belgium, Romania, Poland, and Finland lagged somewhat behind, accounting for a further 38%.

In value terms, Germany ($996M), the UK ($689M), and France ($431M) were the countries with the highest levels of market value, with a combined 47% share of the total market (IndexBox estimates).

These same countries feature among the key importers of chips. France ($245M), Germany ($197M), and the Netherlands ($165M) constitute the markets with the highest levels of imports, together comprising 45% of EU imports. The UK, Ireland, Belgium, Italy, Spain, Denmark, Sweden, Austria, Poland, and Portugal lagged somewhat behind, holding a further 38%.

The countries with the highest levels of potato chips annual per capita consumption include the Netherlands (11 kg per person), Sweden (7 kg per person), and Germany (6 kg per person).

During the COVID-19 pandemic and the related lockdown, consumers tend to visit shops and malls less often and stock up on purchases for future use. However, Europeans did not reduce their consumption of potato chips tangibly.

This is confirmed by the fact that the production of chips in the largest EU countries quickly recovered after a short-term drop caused by the pandemic. In April-May 2020, there was indeed a decline in the production of potato chips against the lockdown background, but the fall’s depth differs from country to country. In France, over April-May 2020, there was a strong decline in production volumes, while in Germany, after a slight reduction in April, production started to recover immediately in May. Afterward, the production fluctuated within its common seasonal trend pattern.

Based on 2020 data, the potato chips market is less affected by the pandemic than many other food industries. The market shows resistance to the crisis due to the stability of consumer demand for this product, meaning the market is expected to remain solid in the medium term.

Driven by increasing demand for potato chips 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 +0.6% for the period from 2019 to 2030, projected to bring the market volume to 2M tonnes by the end of 2030.

Source: IndexBox AI Platform

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While the European Mollusc Market Struggles with the Pandemic, Brexit Emerges Another Serious Threat to the UK’s Producers

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IndexBox has just published a new report: ‘EU – Molluscs (Scallops, Mussels, Cuttle Fish, Squid, and Octopus) – Market Analysis, Forecast, Size, Trends, and Insights’. Here is a summary of the report’s key findings.

Molluscs are one of the best-known types of seafood in the EU. These include scallops, mussels, cuttlefish, squid, and octopus, etc. The market is well established and characterized by a high rate of per capita consumption in comparison with other regions. Molluscs are traditionally used in Mediterranean cuisine, they can be consumed on their own or as an ingredient in traditional dishes. Since molluscs have been a well-known and popular product for a long time, their consumption is mainly determined by the population size and the dynamics of disposable incomes.

In 2019, the EU molluscs market amounted to $3.6B (IndexBox estimates). The market value increased at an average annual rate of +2.1% from 2012 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $3.8B in 2018 and then fell modestly in the following year. In 2019, molluscs consumption totaled 674K tonnes, flattening at 2018 figure.

The countries with the highest volumes of molluscs consumption in 2019 were Spain (309K tonnes), Italy (176K tonnes), and Portugal (41K tonnes), together accounting for 78% of total consumption. France, Greece, Germany and the UK lagged somewhat behind, together comprising a further 14%. In value terms, the largest mollusks markets in the European Union were Spain ($1.5B), Italy ($1B), and France ($280M), with a combined 77% share of the total market. The countries with the highest levels of molluscs per capita consumption in 2019 were Spain (6.61 kg per person), Portugal (4 kg per person) and Italy (3 kg per person).

Since the beginning of 2020, due to restrictive measures against the spread of the COVID-19 pandemic, the market has been facing significant challenges related to the destruction of the usual sales channels and disruptions in the supply chains. The HoReCa sector was almost completely paralyzed for several months, which significantly reduced the demand for molluscs and other types of seafood. However, retail sales did not decline as much as in-store food demand increased as consumers cook more at home and buy more products suitable for long storage. Another threat came from the possible disruption of molluscs supply chains due to the lower transport activity and quarantine restrictions.

The mollusc market is expected to contract over 2020 amid a marked drop in demand from the HoReCa sector, and will resume weak growth in 2021 as the HoReCa and tourism sectors find their ‘new normality’. In the medium term, the market is expected to grow moderately with a CAGR of +1.0% between 2020 and 2030, which is projected to bring the market to 703K tonnes by the end of 2030. However, these expectations are vulnerable to a risk of intensifying the second wave of the pandemic.

Brexit poses another significant threat to the mollusc market, a problem even more serious for the UK itself than for the EU. After Brexit, the rules for third countries apply to the UK from 2021, and therefore the vast majority of mollusc sales are no longer legal since the EU cannot import mollusc from Class B waters.

Before Brexit, the UK was the third-largest mollusc exporter in the EU, with shipments of 11K tonnes in 2019. Meanwhile, Spain (145K tonnes) remains the major exporter of molluscs, comprising near 64% (IndexBox estimates) of the total exports. Portugal (25K tonnes) held the second position in the ranking.

Although the UK’s share of total exports is relatively small, more than $72M of shipments are at stake (at wholesale prices excluding retail margins), not to mention possible losses of incomes for British mollusc producing staff. Without a special agreement, the mollusc trade between the UK and EU countries cannot continue normally, and this situation threatens the existence of export-oriented British producers. The need for COVID testing for drivers delivering goods to the EU poses another threat as it degrades the quality of seafood due to delays.

The pandemic, coupled with the UK’s exit from the EU, could lead to noticeable changes in the European mollusc market, which will not only affect sales channels and supply chains but also lead to market redistribution among producers from other countries.

Source: IndexBox AI Platform

jam
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France Consumes Most of Jam, Jelly, Puree And Paste in the EU

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

In 2019, the EU market for jams, jellies, puree and pastes decreased by -4.4% to $3.9B, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a mild setback. The most prominent rate of growth was recorded in 2013 with an increase of 7.3% year-to-year. As a result, consumption reached the peak level of $4.5B. From 2014 to 2019, the growth of the market remained at a lower figure.

Consumption by Country

France (578K tonnes) remains the largest jam, jelly, puree and paste consuming country in the European Union, comprising approx. 35% of total volume. Moreover, jam, jelly, puree and paste consumption in France exceeded the figures recorded by the second-largest consumer, Germany (258K tonnes), twofold. The UK (169K tonnes) ranked third in terms of total consumption with a 10% share (IndexBox estimates).

In France, jam, jelly, puree and paste consumption expanded at an average annual rate of +1.9% over the period from 2012-2019. The remaining consuming countries recorded the following average annual rates of consumption growth: Germany (+0.8% per year) and the UK (+2.9% per year).

In value terms, France ($1.6B) led the market, alone. The second position in the ranking was occupied by Germany ($592M). It was followed by the UK.

The countries with the highest levels of jam, jelly, puree and paste per capita consumption in 2019 were France (8.80 kg per person), Austria (6.28 kg per person) and Sweden (5.23 kg per person).

Market Forecast to 2030

Due to the introduction of restrictive measures against the spread of the pandemic, the HoReCa sector suffered from temporary closings and service limitations, which significantly reduced the demand for jams, jellies, puree and pastes. Retail sales were less damaged as the demand for food (including jams, jellies, puree and pastes) at retail outlets increased as consumers started to cook more at home and buy more storable products.

Despite this factor supported the demand, the market is expected to contract somewhat by the end of 2020 against the reduced demand from the HoReCa sector. In the medium term, the market is expected to grow more moderately, with an anticipated CAGR of +0.8% for the period from 2019 to 2030, which is projected to bring the market volume to near 1.8M tonnes by the end of 2030.

Production in the EU

In 2019, production of jams, jellies, puree and pastes decreased by -1.2% to 1.7M tonnes, falling for the third consecutive year after five years of growth. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 3.3% y-o-y. The volume of production peaked at 1.8M tonnes in 2016; however, from 2017 to 2019, production remained at a lower figure. In value terms, jam, jelly, puree and paste production fell to $4.1B in 2019 estimated in export prices. In general, production, however, saw a mild downturn.

Production by Country

France (555K tonnes) remains the largest jam, jelly, puree and paste producing country in the European Union, comprising approx. 32% of total volume. In terms of production, France was followed by Germany (229K tonnes, or 13%) and Spain (146K tonnes, or 9%).

From 2012 to 2019, the average annual rate of growth in terms of volume in France amounted to +1.8%. In the other countries, the average annual rates were as follows: Germany (-0.4% per year) and Spain (+2.6% per year).

Exports in the EU

After seven years of growth, overseas shipments of jams, jellies, puree and pastes decreased by -8% to 661K tonnes in 2019. The total export volume increased at an average annual rate of +2.2% from 2012 to 2019; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 10% year-to-year. The volume of export peaked at 718K tonnes in 2018, and then dropped in the following year. In value terms, jam, jelly, puree and paste exports fell to $1.5B (IndexBox estimates) in 2019.

Exports by Country

The biggest shipments were from Italy (133K tonnes), France (98K tonnes), Belgium (84K tonnes), Germany (82K tonnes) and the Netherlands (65K tonnes), together accounting for 70% of total export. It was distantly followed by Poland (39K tonnes) and Spain (37K tonnes), together generating a 12% share of total exports.

From 2012 to 2019, the biggest increases were in Poland, while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($392M), Italy ($226M) and Germany ($209M) were the countries with the highest levels of exports in 2019, together accounting for 54% of total exports. These countries were followed by Belgium, the Netherlands, Spain and Poland, which together accounted for a further 27%.

Poland 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 more modest paces of growth.

Export Prices by Country

In 2019, the export price for jams, jellies, puree and pastes in the European Union amounted to $2,304 per tonne, standing approx. at the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 6.6% y-o-y. Over the period under review, export prices hit record highs at $2,471 per tonne in 2013; however, from 2014 to 2019, export prices failed to regain momentum.

Prices varied noticeably by the country of origin; the country with the highest price was France ($3,992 per tonne), while Poland ($1,524 per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced mixed trends in the export price figures.

Source: IndexBox AI Platform

sweet potato
Archives, Global Trade Daily, News

The Sweet Potato Market in Latin America and the Caribbean Peaked at $3.4B

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

In 2019, the Latin American sweet potato market was finally on the rise to reach $3.4B for the first time since 2016, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.2% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2019 and is likely to see further growth in years to come.

Consumption by Country

The countries with the highest volumes of sweet potato consumption in 2019 were Haiti (759K tonnes), Brazil (756K tonnes) and Cuba (564K tonnes), together accounting for 68% of total consumption. These countries were followed by Argentina, Peru, Uruguay and Mexico, which together accounted for a further 25%  (IndexBox estimates).

From 2013 to 2019, the most notable rate of growth in terms of sweet potato consumption, amongst the key consuming countries, was attained by Mexico, while sweet potato consumption for the other leaders experienced more modest paces of growth.

In value terms, Haiti ($1.4B) led the market, alone. The second position in the ranking was occupied by Cuba ($619M). It was followed by Brazil.

The countries with the highest levels of sweet potato per capita consumption in 2019 were Haiti (67 kg per person), Cuba (49 kg per person) and Uruguay (24 kg per person).

Production in Latin America and the Caribbean

For the seventh year in a row, Latin America and the Caribbean recorded growth in the production of sweet potato, which increased by 4.5% to 3.1M tonnes in 2019. The total output volume increased at an average annual rate of +4.0% from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The generally positive trend in terms of output was largely conditioned by a perceptible increase of the harvested area and a relatively flat trend pattern in yield figures.

Production by Country

The countries with the highest volumes of sweet potato production in 2019 were Brazil (764K tonnes), Haiti (759K tonnes) and Cuba (564K tonnes), together comprising 67% of total production. These countries were followed by Argentina, Peru, Uruguay and Mexico, which together accounted for a further 25%.

From 2013 to 2019, the biggest increases were in Mexico, while sweet potato production for the other leaders experienced more modest paces of growth.

Sweet Potato Harvested Area and Yield

The sweet potato harvested area was estimated at 294K ha in 2019, growing by 1.6% on the year before. The harvested area increased at an average annual rate of +4.3% from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years.

The average sweet potato yield amounted to 11 tonnes per ha in 2019, picking up by 2.8% compared with the previous year’s figure. Overall, the yield, however, showed a relatively flat trend pattern.

Imports in Latin America and the Caribbean

In 2019, approx. 13K tonnes of sweet potato were imported in Latin America and the Caribbean; which is down by -5.9% against 2018. Total imports indicated a buoyant increase from 2013 to 2019: its volume increased at an average annual rate of +9.6% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +73.4% against 2013 indices. In value terms, sweet potato imports amounted to $7M (IndexBox estimates) in 2019.

Imports by Country

Mexico was the major importer of sweet potato in Latin America and the Caribbean, with the volume of imports reaching 5.3K tonnes, which was near 42% of total imports in 2019. Argentina (2.3K tonnes) took the second position in the ranking, followed by Ecuador (1,479 tonnes), Uruguay (1,194 tonnes), Paraguay (602 tonnes) and Chile (583 tonnes). All these countries together held approx. 49% share of total imports. Trinidad and Tobago (393 tonnes) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of +15.2% from 2013 to 2019. At the same time, Paraguay (+60.8%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +60.8% from 2013-2019. Ecuador experienced a relatively flat trend pattern. By contrast, Chile (-4.9%), Uruguay (-5.6%), Argentina (-8.6%) and Trinidad and Tobago (-23.2%) illustrated a downward trend over the same period.

In value terms, Mexico ($3.3M) constitutes the largest market for imported sweet potato in Latin America and the Caribbean, comprising 48% of total imports. The second position in the ranking was occupied by Chile ($772K), with an 11% share of total imports. It was followed by Argentina, with an 8.5% share.

In Mexico, sweet potato imports expanded at an average annual rate of +24.5% over the period from 2013-2019. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+20.8% per year) and Argentina (-11.0% per year).

Import Prices by Country

The sweet potato import price in Latin America and the Caribbean stood at $551 per tonne in 2019, surging by 12% against the previous year. Over the last six-year period, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2017 an increase of 14% against the previous year. The level of imports peaked in 2019 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Chile ($1,324 per tonne), while Ecuador ($165 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Chile, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Asia-Pacific
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The Vegetable Market in Asia-Pacific to Continue Robust Growth

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

For the seventh consecutive year, the Asia-Pacific vegetable market recorded growth in sales value, which increased by 2.9% to $785.6B in 2019. The market value increased at an average annual rate of +2.7% from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market hit record highs in 2019 and is likely to see gradual growth in the near future.

Consumption by Country

China (622M tonnes) constituted the country with the largest volume of vegetable consumption, comprising approx. 68% of total volume. Moreover, vegetable consumption in China exceeded the figures recorded by the second-largest consumer, India (170M tonnes), fourfold. The third position in this ranking was occupied by Viet Nam (18M tonnes), with a 2% share.

From 2013 to 2019, the average annual rate of growth in terms of volume in China totaled +2.1%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+2.0% per year) and Viet Nam (+4.4% per year).

In value terms, China ($536.6B) led the market, alone. The second position in the ranking was occupied by India ($92.9B). It was followed by Viet Nam.

In 2019, the highest levels of vegetable per capita consumption was registered in China (427 kg per person), followed by Viet Nam (187 kg per person), India (124 kg per person) and Bangladesh (95 kg per person), while the world average per capita consumption of vegetable was estimated at 216 kg per person.

Market Forecast to 2030

Vegetables constitute one of the world’s basic food items; their production and consumption are widespread almost everywhere in the world. Vegetables are consumed in both fresh and processed form, as ingredients, canned food, etc. The demand for vegetables, therefore, mainly depends on the population growth and its dietary requirements; it is also determined to a certain extent by local household income, as vegetables constitute a staple dietary component. However, as incomes rise from the average figure and above, vegetable consumption is likely to increase at a slower rate than the consumption of more expensive food items (e.g. meat).

Since vegetables constitute staple food items, the impact of the COVID-19 crisis on the demand should not lead to a sharp fall in consumption. Moreover, since most of the common vegetables are grown locally, the risk of the disruption of established supply chains including foreign growers, food handling and packaging intermediaries, as well as the distributor sector, due to asynchronous quarantine measures in different countries, will be less relevant. However, for imported vegetables, this could be a factor that hampers the market growth.

Over 2020-2021, accordingly, the market is set to grow slowly, driven by population growth and the demand for food. In the medium term, the market is expected to continue an upward consumption trend driven by increasing demand for vegetables. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.2% for the period from 2019 to 2030, which is projected to bring the market volume to 1,162M tonnes by the end of 2030.

Imports in Asia-Pacific

In 2019, after four years of growth, there was a decline in supplies from abroad of vegetables, when their volume decreased by -0.5% to 7.5M tonnes. The total import volume increased at an average annual rate of +1.9% from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, imports attained the maximum at 7.5M tonnes in 2018 and then dropped modestly in the following year. In value terms, vegetable imports shrank modestly to $4.4B (IndexBox estimates) in 2019.

Imports by Country

Malaysia (1,270K tonnes), Hong Kong SAR (856K tonnes), Japan (775K tonnes) and Indonesia (756K tonnes) represented roughly 49% of total imports of vegetables in 2019. Singapore (476K tonnes) held a 6.4% share (based on tonnes) of total imports, which put it in second place, followed by Thailand (5.7%), Sri Lanka (5.4%) and Bangladesh (4.7%). Nepal (304K tonnes), Taiwan (Chinese) (269K tonnes), Pakistan (261K tonnes), South Korea (261K tonnes) and Afghanistan (208K tonnes) followed a long way behind the leaders.

From 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable importing markets in Asia-Pacific were Japan ($742M), Indonesia ($609M) and Malaysia ($584M), together accounting for 44% of total imports. These countries were followed by Hong Kong SAR, Singapore, Thailand, Taiwan (Chinese), South Korea, Bangladesh, Pakistan, Sri Lanka, Afghanistan and Nepal, which together accounted for a further 46%.

Source: IndexBox AI Platform