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The Pandemic Undermines Robust Growth of the Global Pistachio Market

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The Pandemic Undermines Robust Growth of the Global Pistachio Market

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

The global pistachio market expanded slightly to $10.6B in 2019, growing by 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). In general, consumption showed resilient growth, driven by both the increases in prices and in the volume of consumption in physical terms.

Pistachios are a well-known product in the Middle East and in the U.S. where they are largely grown. Being imported, the product is also widely consumed worldwide. Thus, the countries with the highest volumes of pistachio consumption in 2019 were Iran (490K tonnes), Turkey (263K tonnes) and the U.S. (255K tonnes), with a combined 67% share of global consumption.

From 2013 to 2019, the biggest increases were in Iran, while pistachio consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest pistachio markets worldwide were Iran ($3.7B), the U.S. ($2B) and Turkey ($1.6B), with a combined 69% share (IndexBox estimates) of the global market.

The countries with the highest levels of pistachio per capita consumption in 2019 were Iran (5.90 kg per person), Turkey (3.18 kg per person) and Hong Kong SAR (3.12 kg per person).

Like other nuts, pistachios are consumed primarily as a snack. In addition, thanks to its distinctive taste, flavor and color, those nuts are widely used in pistachio-flavored products, in a bid to benefit on flavor. The changing consumer lifestyle, rapid urbanization and increasing disposable incomes promote the demand for on-the-go healthy convenience foods and snacks which includes pistachios. Moreover, the nuts also are recognized by vegan and highly health-conscious consumers.

Accordingly, population growth remains a fundamental market driver, combined with increases in disposable income, which in turn will contribute to enhanced consumer spending. Increasing preference for healthy food and rising health awareness is also supporting the pistachio market growth.

Until 2020, the global economy has been developing steadily for five years, which created a favorable environment for the pistachio market growth. In early 2020, however, the global economy entered a period of the crisis caused by the outbreak of the COVID-19 pandemic. In order to battle the spread of the virus, most countries in the world implemented quarantine measures that put on halt production and transport activity, which undermined economic growth heavily throughout the world.

In the context of falling incomes, consumers primarily tend to exclude non-staple goods from purchases, which include pistachios. Thus, a sharp drop in household incomes is a powerful factor that will restrain the pistachios market in the medium term. In addition, the closure of the HoReCa sector limits the growth in the consumption of pistachios as ingredients for various foods and snacks.

In the countries of the Middle East, where pistachios are locally available and are staple food products, the impact of the crisis on domestic demand should be less significant. At the same time, the pistachios industry in large producing countries (the U.S., Iran, Turkey) is largely export-oriented, therefore, a decrease in demand in non-producing countries can hurt local producers.

Given the above-mentioned prerequisites, the global pistachio market is expected to contract somewhat in 2020 and then to begin a slow growth on the backdrop of a gradual recovery of the global economy from the pandemic. In the medium term, the market is expected to grow modestly, with an anticipated CAGR of +1.1% for the period from 2019 to 2030, which is projected to bring the market volume to 1.7M tonnes by the end of 2030.

Production

In 2019, approx. 1.5M tonnes of pistachios were produced worldwide; growing by 8.1% compared with 2018. Over the period under review, the total production indicated a prominent expansion from 2013 to 2019: its volume increased at an average annual rate of +13.8% over the last six-year period. The generally positive trend in terms of pistachio output was largely conditioned by the strong growth of the harvested area and a buoyant expansion in yield figures.

The countries with the highest volumes of pistachio production in 2019 were Iran (571K tonnes), the U.S. (484K tonnes) and Turkey (267K tonnes), together accounting for 88% of global production.

Harvested Area and Yield

In 2019, the global harvested area of pistachios rose rapidly to 804K ha, increasing by 6.6% against 2018 figures. The harvested area increased at an average annual rate of +5.7% over the period from 2013 to 2019. In 2019, the global average pistachio yield amounted to 1.9 tonnes per ha, stabilizing at the previous year’s figure. Over the period under review, the yield indicated resilient growth from 2013 to 2019: its figure increased at an average annual rate of +7.7% over the last six-year period.

Imports

In 2019, approx. 439K tonnes of pistachios were imported worldwide; surging by 15% compared with the previous year’s figure. The total import volume increased at an average annual rate of +3.2% over the period from 2013 to 2019. In value terms, pistachio imports rose significantly to $3.4B (IndexBox estimates) in 2019.

Imports by Country

In 2019, China (113K tonnes), distantly followed by Hong Kong SAR (65K tonnes), Germany (45K tonnes) and India (23K tonnes) were the largest importers of pistachios, together constituting 56% of total imports. Italy (18K tonnes), Belgium (15K tonnes), Spain (15K tonnes), Russia (10K tonnes), Saudi Arabia (10K tonnes), Israel (9.8K tonnes), Luxembourg (8.5K tonnes) and France (8.3K tonnes) occupied a little share of total imports.

From 2013 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 global leaders experienced more modest paces of growth.

In value terms, the largest pistachio importing markets worldwide were China ($809M), Hong Kong SAR ($496M) and Germany ($436M), with a combined 51% share of global imports.

Import Prices by Country

In 2019, the average pistachio import price amounted to $7,794 per tonne, falling by -2.4% against the previous year. Global import price peaked at $8,208 per tonne in 2015; however, from 2016 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 Italy ($10,948 per tonne), while Israel ($4,799 per tonne) was amongst the lowest.

Source: IndexBox AI Platform

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Apart from China, Romania, the U.S., and Serbia Constitute Top Plum and Sloe Markets

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

In 2019, the global plum and sloe market was finally on the rise to reach $14B for the first time since 2014, thus ending a four-year declining trend. The market value increased at an average annual rate of +1.7% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when the market value increased by 17% against the previous year. As a result, consumption attained a peak level of $14.8B. From 2015 to 2019, the growth of the global market remained at a lower figure.

Consumption by Country

The country with the largest volume of plum and sloe consumption was China (7M tonnes), accounting for 55% of total volume. Moreover, plum and sloe consumption in China exceeded the figures recorded by the second-largest consumer, Romania (922K tonnes), eightfold. Serbia (392K tonnes) ranked third in terms of total consumption with a 3.1% share.

From 2013 to 2019, the average annual growth rate of volume in China stood at +2.0%. The remaining consuming countries recorded the following average annual rates of consumption growth: Romania (+10.2% per year) and Serbia (-5.0% per year).

In value terms, China ($8.3B) led the market, alone. The second position in the ranking was occupied by Romania ($698M). It was followed by the U.S..

The countries with the highest levels of plum and sloe per capita consumption in 2019 were Bosnia and Herzegovina (58 kg per person), Romania (48 kg per person) and Serbia (45 kg per person).

From 2013 to 2019, the biggest increases were in Morocco, while plum and sloe per capita consumption for the other global leaders experienced more modest paces of growth.

Production

In 2019, approx. 13M tonnes of plums and sloes were produced worldwide; surging by 3.1% on 2018 figures. The total output volume increased at an average annual rate of +2.4% over the period from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The generally positive trend in terms output was largely conditioned by a temperate expansion of the harvested area and notable growth in yield figures.

Production by Country

The country with the largest volume of plum and sloe production was China (7M tonnes), accounting for 54% of total volume. Moreover, plum and sloe production in China exceeded the figures recorded by the second-largest producer, Romania (907K tonnes), eightfold. Serbia (413K tonnes) ranked third in terms of total production with a 3.2% share.

From 2013 to 2019, the average annual growth rate of volume in China amounted to +2.2%. In other countries, the average annual rates were as follows: Romania (+10.0% per year) and Serbia (-5.2% per year).

Harvested Area and Yield

In 2019, the total area harvested in terms of plums and sloes production worldwide amounted to 2.7M ha, surging by 1.5% against 2018. The global harvested area peaked in 2019 and is likely to see gradual growth in the near future.

The global average plum and sloe yield rose to 4.9 tonnes per ha in 2019, picking up by 1.5% compared with the previous year. The yield figure increased at an average annual rate of +2.3% from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period.

Imports

Global plum and sloe imports expanded modestly to 616K tonnes in 2019, growing by 2% on 2018 figures. In general, imports, however, saw a mild decline. Global imports peaked at 692K tonnes in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure. In value terms, plum and sloe imports totaled $790M (IndexBox estimates) in 2019.

Imports by Country

The countries with the highest levels of plum and sloe imports in 2019 were Russia (80K tonnes), China (56K tonnes), Germany (44K tonnes), the UK (37K tonnes), Brazil (31K tonnes), the Netherlands (31K tonnes), Kazakhstan (24K tonnes), the U.S. (24K tonnes), Poland (19K tonnes), Canada (16K tonnes), Iraq (15K tonnes) and Romania (15K tonnes), together accounting for 64% of total import.

From 2013 to 2019, the biggest increases were in Romania, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($121M) constitutes the largest market for imported plums and sloes worldwide, comprising 15% of global imports. The second position in the ranking was occupied by Russia ($58M), with a 7.3% share of global imports. It was followed by Germany, with a 6.9% share.

Import Prices by Country

In 2019, the average plum and sloe import price amounted to $1,283 per tonne, approximately reflecting the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 7.7% year-to-year. Global import price peaked at $1,347 per tonne in 2014; afterward, it flattened through to 2019.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($2,216 per tonne), while Iraq ($228 per tonne) was amongst the lowest.

From 2013 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

mango
Archives, Global Trade Daily, Imports/Exports

Spain and France Emerged as the Most Promising Markets for European Mango Importers

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

The EU mango and mangosteen market shrank slightly to $692M in 2019, standing approx. at the previous year’s level. 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 +7.1% from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.

Consumption by Country

The countries with the highest volumes of mango and mangosteen consumption in 2019 were Germany (82K tonnes), the UK (77K tonnes) and France (52K tonnes), together comprising 63% of total consumption. Portugal, the Netherlands, Italy, Spain, Poland, Belgium, Austria and Sweden lagged somewhat behind, together accounting for a further 30%.

From 2013 to 2019, the most notable rate of growth in terms of mango and mangosteen consumption, amongst the leading consuming countries, was attained by Belgium (+52.0% per year), while mango and mangosteen consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest mango and mangosteen markets in the European Union were Germany ($176M), the UK ($156M) and France ($108M), together accounting for 64% of the total market. Portugal, Italy, Poland, the Netherlands, Spain, Austria, Belgium and Sweden lagged somewhat behind, together accounting for a further 28%.

The countries with the highest levels of mango and mangosteen per capita consumption in 2019 were Portugal (2,107 kg per 1000 persons), the UK (1,150 kg per 1000 persons) and Germany (1,001 kg per 1000 persons).

Imports in the EU

After six years of growth, overseas purchases of mangoes, mangosteens and guavas decreased by -1% to 651K tonnes in 2019. Total imports indicated a prominent increase from 2013 to 2019: its volume increased at an average annual rate of +7.9% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +58.1% against 2013 indices. In value terms, mango and mangosteen imports amounted to $1.3B (IndexBox estimates) in 2019.

Imports by Country

The Netherlands was the key importer of mangoes, mangosteens and guavas in the European Union, with the volume of imports amounting to 209K tonnes, which was approx. 32% of total imports in 2019. Germany (91K tonnes) held the second position in the ranking, followed by the UK (80K tonnes), France (70K tonnes), Spain (61K tonnes), Portugal (35K tonnes) and Belgium (33K tonnes). All these countries together occupied near 57% share of total imports.

Imports into the Netherlands increased at an average annual rate of +4.8% from 2013 to 2019. At the same time, Spain (+12.4%), France (+11.8%), Belgium (+9.1%), Portugal (+9.0%), Germany (+8.4%) and the UK (+6.0%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of +12.4% from 2013-2019.

In value terms, the largest mango and mangosteen importing markets in the European Union were the Netherlands ($335M), Germany ($198M) and the UK ($175M), with a combined 56% share of total imports. These countries were followed by France, Spain, Portugal and Belgium, which together accounted for a further 31%.

Import Prices by Country

The mango and mangosteen import price in the European Union stood at $1,936 per tonne in 2019, growing by 3.2% against the previous year. Over the period from 2013 to 2019, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2017 when the import price increased by 9.9% against the previous year. The level of import peaked in 2019 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2019, major importing countries recorded the following prices: in the UK ($2,202 per tonne) and Germany ($2,164 per tonne), while the Netherlands ($1,600 per tonne) and Belgium ($1,702 per tonne) were amongst the lowest.

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

Source: IndexBox AI Platform

peanut butter
Archives, EU Trade, Global Trade Daily, Imports/Exports

The European Peanut Butter Market Dropped to $1.4B, Losing Previous Growth Momentum

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IndexBox has just published a new report: ‘EU – Peanut Butter And Prepared Or Preserved Groundnuts – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

In 2019, the EU peanut butter market decreased by -6.8% to $1.4B, falling for the second year in a row after two years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the market value increased by 11% against the previous year. As a result, consumption attained the peak level of $1.5B. From 2018 to 2019, the growth of the market remained at a somewhat lower figure.

Consumption by Country

The countries with the highest volumes of peanut butter consumption in 2019 were the UK (103K tonnes), Germany (92K tonnes) and France (72K tonnes), with a combined 55% share of total consumption. Poland, Spain, the Netherlands, Belgium, Portugal, Bulgaria, Sweden, Denmark and the Czech Republic lagged somewhat behind, together comprising a further 31%.

From 2013 to 2019, the most notable rate of growth in terms of peanut butter consumption, amongst the main consuming countries, was attained by Denmark, while peanut butter consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest peanut butter markets in the European Union were the UK ($395M), Germany ($252M) and France ($177M), with a combined 60% share of the total market. Spain, Poland, the Netherlands, Bulgaria, Belgium, Sweden, Denmark, the Czech Republic and Portugal lagged somewhat behind, together accounting for a further 27%.

The countries with the highest levels of peanut butter per capita consumption in 2019 were Denmark (1.76 kg per person), Bulgaria (1.65 kg per person) and the UK (1.53 kg per person).

Production in the EU

In 2019, after four years of growth, there was a decline in the production of peanut butter and prepared or preserved groundnuts, when its volume decreased by -1.5% to 451K tonnes. The total output volume increased at an average annual rate of +3.2% over the period from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period.

Production by Country

The countries with the highest volumes of peanut butter production in 2019 were the Netherlands (101K tonnes), Germany (79K tonnes) and the UK (66K tonnes), with a combined 54% share of total production. Poland, Spain, France, Belgium, Italy, Portugal, Hungary, Luxembourg and Bulgaria lagged somewhat behind, together accounting for a further 40%.

From 2013 to 2019, the biggest increases were in Luxembourg, while peanut butter production for the other leaders experienced more modest paces of growth.

Imports in the EU

In 2019, purchases abroad of peanut butter and prepared or preserved groundnuts decreased by -10.6% to 256K tonnes, falling for the second consecutive year after five years of growth. The total import volume increased at an average annual rate of +1.6% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of imports peaked at 318K tonnes in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure. In value terms, peanut butter imports shrank to $688M (IndexBox estimates) in 2019.

Imports by Country

In 2019, France (52K tonnes), the UK (50K tonnes) and Germany (39K tonnes) was the largest importer of peanut butter and prepared or preserved groundnuts in the European Union, comprising 55% of total import. It was distantly followed by the Netherlands (12K tonnes) and Sweden (12K tonnes), together achieving a 9.4% share of total imports. Austria (10K tonnes), Poland (9.4K tonnes), the Czech Republic (8.8K tonnes), Belgium (8.4K tonnes), Romania (6.5K tonnes), Spain (6.3K tonnes) and Ireland (5.5K 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 Austria, while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($129M), the UK ($117M) and Germany ($102M) were the countries with the highest levels of imports in 2019, together comprising 51% of total imports. These countries were followed by the Netherlands, Sweden, Austria, Poland, Belgium, the Czech Republic, Spain, Ireland and Romania, which together accounted for a further 33%.

Import Prices by Country

The peanut butter import price in the European Union stood at $2,684 per tonne in 2019, with an increase of 2.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 10% against the previous year.

Average prices varied somewhat amongst the major importing countries. In 2019, major importing countries recorded the following prices: in the Netherlands ($3,252 per tonne) and Ireland ($3,184 per tonne), while the Czech Republic ($2,283 per tonne) and the UK ($2,350 per tonne) were amongst the lowest.

From 2013 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.

Source: IndexBox AI Platform

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USDA AND EXIM BANK UNVEIL PLAN TO BOOST U.S. AGRICULTURE EXPORTS

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EXIM President and Chairman Kimberly A. Reed and USDA Under Secretary Ted McKinney show off the memorandum of understanding they had just signed. The U.S. Department of Agriculture and EXIM Bank on Aug. 31st announced a three-year collaborative effort to promote the export of U.S. agricultural commodities.

The initiative will facilitate engagement between EXIM and USDA to identify opportunities to increase the export of U.S. agricultural commodities, as well as the development of an educational program to increase awareness of export opportunities among small agribusinesses and cooperatives.

“Given my extensive background in food and agriculture, I have made sure that supporting U.S. agricultural and rural business exports are priorities at EXIM,” says EXIM Chairwoman Kimberly A. Reed. “We look forward to closer collaboration with USDA, and I thank USDA Secretary Perdue and Under Secretary McKinney for their leadership.”

“We all know, but oftentimes forget, that food is the sustenance of life,” said USDA Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney.

“This MOU [memorandum of understanding] is bringing EXIM and USDA together to help make sure that food is transported safely and effectively so that people eat, at a time when many people do not eat well. With USDA’s outreach through our Foreign Agricultural Service, and EXIM’s resources, this MOU is a match made in heaven.”

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The Philippines, India, and Indonesia Dominate the $35B-Worth Global Coconut Market

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

In 2019, after two years of growth, there was decline in the global coconut market, when its value decreased by -3.2% to $35.2B. Overall, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the market value increased by 7.9% year-to-year. As a result, consumption reached a peak level of $36.4B, and then dropped modestly in the following year.

Consumption By Country

The countries with the highest volumes of coconut consumption in 2019 were Indonesia (18M tonnes), the Philippines (15M tonnes) and India (12M tonnes), together accounting for 71% of global consumption. These countries were followed by Sri Lanka, Brazil, Viet Nam, Papua New Guinea, Mexico and Thailand, which together accounted for a further 16%.

From 2013 to 2019, the most notable rate of growth in terms of coconut consumption, amongst the main consuming countries, was attained by Viet Nam, while coconut consumption for the other global leaders experienced mixed trends in the consumption figures.

In value terms, the largest coconut markets worldwide were the Philippines ($9.8B), India ($6.8B) and Indonesia ($4.8B), together comprising 61% of the global market. These countries were followed by Sri Lanka, Brazil, Thailand, Viet Nam, Papua New Guinea and Mexico, which together accounted for a further 18%.

The countries with the highest levels of coconut per capita consumption in 2019 were Papua New Guinea (140 kg per person), the Philippines (136 kg per person) and Sri Lanka (125 kg per person).

Production

In 2019, the number of coconuts produced worldwide reached 62M tonnes, approximately reflecting the previous year. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 2.4% year-to-year. Global production peaked at 62M tonnes in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.

Production by Country

The countries with the highest volumes of coconut production in 2019 were Indonesia (18M tonnes), the Philippines (15M tonnes) and India (12M tonnes), together accounting for 72% of global production. Sri Lanka, Brazil, Viet Nam, Papua New Guinea and Mexico lagged somewhat behind, together comprising a further 14%.

From 2013 to 2019, the biggest increases were in Viet Nam, while coconut production for the other global leaders experienced more modest paces of growth.

Harvested Area and Yield

In 2019, the global harvested area of coconuts amounted to 13M ha, approximately equating the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern. In 2019, the global average coconut yield declined to 5 tonnes per ha, standing approx. at the previous year’s figure.

Exports

For the fourth consecutive year, the global market recorded growth in overseas shipments of coconuts, which increased by 11% to 1.1M tonnes in 2019. Over the period under review, exports posted a prominent increase. 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, coconut exports rose significantly to $527M (IndexBox estimates) in 2019.

Exports by Country

Indonesia represented the major exporter of coconuts in the world, with the volume of exports resulting at 474K tonnes, which was approx. 44% of total exports in 2019. Thailand (178K tonnes) ranks second in terms of the total exports with a 16% share, followed by Viet Nam (16%) and India (9.9%). Guyana (27K tonnes), Hong Kong SAR (25K tonnes) and Sri Lanka (21K tonnes) held a little share of total exports.

From 2013 to 2019, the average annual rates of growth with regard to coconut exports from Indonesia stood at +29.1%. At the same time, Hong Kong SAR (+47.5%), Thailand (+26.7%), Guyana (+17.3%), India (+13.6%) and Viet Nam (+6.2%) displayed positive paces of growth. By contrast, Sri Lanka (-14.7%) illustrated a downward trend over the same period.

In value terms, Thailand ($151M), Indonesia ($115M) and Viet Nam ($88M) appeared to be the countries with the highest levels of exports in 2019, together comprising 67% of global exports. India, Sri Lanka and Guyana lagged somewhat behind, together accounting for a further 18%.

Export Prices by Country

The average coconut export price stood at $487 per tonne in 2019, with an increase of 1.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 11% y-o-y. Over the period under review, average export prices attained the maximum at $528 per tonne in 2017; however, from 2018 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 Sri Lanka ($852 per tonne), while Indonesia ($242 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

tea
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The UK Remains an Indisputable Leader for the European Tea Market

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

In 2019, the EU tea market decreased by -5.1% to 214K tonnes, slipping back slightly from the previous year. Over the last five years, consumption remains relatively stable which indicates that any prerequisites for sharp growth of the demand aren’t currently expected.

Consumption by Country

The country with the largest volume of tea consumption was the UK (104K tonnes), accounting for 48% of total volume. Moreover, tea consumption in the UK exceeded the figures recorded by the second-largest consumer, Germany (27K tonnes), fourfold. Poland (15K tonnes) ranked third in terms of total consumption with a 7% share.

In the UK, tea consumption contracted by an average annual rate of -1.5% over the period from 2013-2019. The remaining consuming countries recorded the following average annual rates of consumption growth: Germany (+0.7% per year) and Poland (+0.7% per year).

The countries with the highest levels of tea per capita consumption in 2019 were Ireland (2,314 kg per 1000 persons), the UK (1,540 kg per 1000 persons) and the Netherlands (536 kg per 1000 persons).

Imports in the EU

Tea imports reduced modestly to 311K tonnes in 2019, with a decrease of -3.5% against 2018 figures. In general, imports recorded a mild decline. Over the period under review, imports hit record highs at 344K tonnes in 2013; however, from 2014 to 2019, imports remained at a lower figure. In value terms, tea imports fell to $1.5B (IndexBox estimates) in 2019.

Imports by Country

In 2019, the UK (123K tonnes) represented the key importer of tea, creating the demand for approx. 40% of total imports. Germany (50K tonnes) occupied the second position in the ranking, followed by Poland (38K tonnes), the Netherlands (17K tonnes), France (17K tonnes) and Belgium (14K tonnes). All these countries together occupied approx. 44% share of total imports. Ireland (12K tonnes) held a minor share of total imports.

Imports in the UK decreased at an average annual rate of -1.8% from 2013 to 2019. At the same time, Ireland (+7.7%) and Poland (+2.5%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer imported in the European Union, with a CAGR of +7.7% from 2013-2019. By contrast, France (-1.5%), Germany (-1.6%), Belgium (-3.5%) and the Netherlands (-11.7%) illustrated a downward trend over the same period.

In value terms, the largest tea importing markets in the European Union were the UK ($356M), Germany ($228M) and France ($167M), with a combined 51% share of total imports. These countries were followed by the Netherlands, Poland, Belgium and Ireland, which together accounted for a further 26%.

Import Prices by Country

The tea import price in the European Union stood at $4,701 per tonne in 2019, remaining constant against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 7.1% year-to-year. Over the period under review, import prices hit record highs at $4,754 per tonne in 2018, and then reduced slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was France ($9,624 per tonne), while the UK ($2,890 per tonne) was amongst the lowest.

From 2013 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.

Source: IndexBox AI Platform

soft drink
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The Soft Drink Market in Asia-Pacific Reached Near $200B, Posting Solid Gains Over the Third Year In a Row

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

In 2019, the Asia-Pacific soft drink market increased by 3.7% to $198.2B, rising for the third year in a row after three years of decline. In general, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the market value increased by 7% y-o-y. Over the period under review, the market hit record highs at $209.1B in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Consumption by Country

The country with the largest volume of soft drink consumption was China (89M tonnes), accounting for 42% of the total volume. Moreover, soft drink consumption in China exceeded the figures recorded by the second-largest consumer, India (28M tonnes), threefold. The third position in this ranking was occupied by Indonesia (16M tonnes), with a 7.4% share.

From 2013 to 2019, the average annual growth rate of volume in China was relatively modest. In other countries, the average annual rates were as follows: India (+1.2% per year) and Indonesia (-1.7% per year).

In value terms, China ($83.2B) led the market, alone. The second position in the ranking was occupied by India ($26.6B). It was followed by Indonesia.

The countries with the highest levels of soft drink per capita consumption in 2019 were Japan (116 kg per person), Pakistan (62 kg per person) and China (61 kg per person).

From 2013 to 2019, the biggest increases were in Japan, while soft drink per capita consumption for the other leaders experienced a decline in the per capita consumption figures.

Production in Asia-Pacific

After two years of growth, the production of soft drinks decreased by -0.3% to 213M tonnes in 2019. Overall, production saw a relatively flat trend pattern.

The country with the largest volume of soft drink production was China (89M tonnes), comprising approx. 42% of total volume. Moreover, soft drink production in China exceeded the figures recorded by the second-largest producer, India (28M tonnes), threefold. Indonesia (16M tonnes) ranked third in terms of total production with a 7.3% share.

In China, soft drink production remained relatively stable over the period from 2013-2019. In other countries, the average annual rates were as follows: India (+1.1% per year) and Indonesia (-1.7% per year).

Imports in Asia-Pacific

In 2019, the amount of soft drinks imported in Asia-Pacific expanded notably to 2.7M tonnes, increasing by 5.7% compared with the previous year. The total import volume increased at an average annual rate of +4.9% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of imports peaked in 2019 and is likely to see gradual growth in the immediate term. In value terms, soft drink imports expanded markedly to $3B (IndexBox estimates) in 2019.

Imports by Country

China (448K tonnes), Singapore (369K tonnes) and Hong Kong SAR (285K tonnes) represented roughly 40% of total imports of soft drinks in 2019. It was distantly followed by Australia (183K tonnes), Viet Nam (180K tonnes), India (178K tonnes) and Myanmar (143K tonnes), together generating a 25% share of total imports. Lao People’s Democratic Republic (104K tonnes), Japan (100K tonnes), Indonesia (98K tonnes), New Zealand (84K tonnes) and Cambodia (77K tonnes) followed a long way behind the leaders.

From 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lao People’s Democratic Republic (+58.1% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($635M) constitutes the largest market for imported soft drinks in Asia-Pacific, comprising 21% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($297M), with a 9.8% share of total imports. It was followed by Australia, with a 8.9% share.

Import Prices by Country

The soft drink import price in Asia-Pacific stood at $1,105 per tonne in 2019, surging by 3% against the previous year. Over the last six-year period, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2017 when the import price increased by 31% against the previous year. As a result, import price attained the peak level of $1,260 per tonne. From 2018 to 2019, the growth in terms of the import prices remained 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 Japan ($2,143 per tonne), while Singapore ($683 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

broccoli
Archives, Global Trade Daily, Imports/Exports, News

Mexican Cauliflower And Broccoli Growers Enjoy Rising Demand in the U.S., the Fastest-Growing Importer

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

The global cauliflower and broccoli market expanded slightly to $23.1B in 2019, surging by 4.2% 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 +4.6% 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 global market attained the peak level in 2019 and is likely to see steady growth in the near future.

Consumption by Country

The countries with the highest volumes of cauliflower and broccoli consumption in 2019 were China (11M tonnes), India (9.2M tonnes) and the U.S. (1.2M tonnes), with a combined 78% share of global consumption. These countries were followed by Mexico, which accounted for a further 1.9%.

From 2013 to 2019, the most notable rate of growth in terms of cauliflower and broccoli consumption, amongst the leading consuming countries, was attained by Mexico, while cauliflower and broccoli consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest cauliflower and broccoli markets worldwide were China ($9B), India ($6B) and the U.S. ($1.6B), with a combined 72% share of the global market. Mexico lagged somewhat behind, comprising a further 2.6%.

The countries with the highest levels of cauliflower and broccoli per capita consumption in 2019 were China (7.45 kg per person), India (6.68 kg per person) and Mexico (3.81 kg per person).

Production

For the seventh consecutive year, the global market recorded growth in production of cauliflower and broccoli, which increased by 3.2% to 27M tonnes in 2019. The total output volume increased at an average annual rate of +2.6% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The generally positive trend in terms output was largely conditioned by perceptible growth of the harvested area and a relatively flat trend pattern in yield figures.

Production by Country

The countries with the highest volumes of cauliflower and broccoli production in 2019 were China (11M tonnes), India (9.2M tonnes) and the U.S. (1.2M tonnes), with a combined 78% share of global production. Mexico and Spain lagged somewhat behind, together accounting for a further 5.6%.

From 2013 to 2019, the biggest increases were in Mexico, while cauliflower and broccoli production for the other global leaders experienced more modest paces of growth.

Harvested Area and Yield

In 2019, approx. 1.5M ha of cauliflower and broccoli were harvested worldwide; growing by 2.9% in 2018. The harvested area increased at an average annual rate of +2.7% from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. The global average cauliflower and broccoli yield was estimated at 19 tonnes per ha in 2019, stabilizing at the previous year.

Exports

In 2019, global exports of cauliflower and broccoli rose modestly to 1.3M tonnes, increasing by 2.4% on the year before. The total export volume increased at an average annual rate of +2.2% over the period from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by 6.3% y-o-y. As a result, exports attained a peak of 1.4M tonnes. From 2018 to 2019, the growth of global exports remained at a lower figure. In value terms, cauliflower and broccoli exports expanded notably to $1.5B (IndexBox estimates) in 2019.

Exports by Country

Spain (385K tonnes) and Mexico (286K tonnes) represented roughly 51% of total exports of cauliflower and broccoli in 2019. They were distantly followed by the U.S. (120K tonnes), France (118K tonnes), China (87K tonnes) and Italy (72K tonnes), together creating a 30% share of total exports. The Netherlands (42K tonnes) took a minor share of total exports.

From 2013 to 2019, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mexico, while exports for the other global leaders experienced more modest paces of growth. Exports from Mexico increased tangibly from 2016-2019, driven by rising demand in the U.S.

In value terms, Spain ($480M), Mexico ($360M) and the U.S. ($167M) were the countries with the highest levels of exports in 2019, with a combined 66% share of global exports.

Among the main exporting countries, Mexico 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

In 2019, the average cauliflower and broccoli export price amounted to $1,154 per tonne, with an increase of 4.8% against the previous year. Over the last six-year period, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2016 an increase of 7.1% y-o-y. The global export price peaked in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was the Netherlands ($1,450 per tonne), while China ($825 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

cheese
Archives, EU Trade, Global Trade Daily, News

Global Cheese Market Hit Record Highs But Is to Lose Momentum Against the Pandemic

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

In 2019, the global cheese market increased by 2.3% to $114.1B, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +1.1% over the period from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 when the market value increased by 7.1% year-to-year. Over the period under review, the global market reached its maximum level in 2019.

Taking into account the closure of the HoReCa sector worldwide due to the pandemic, a decrease in consumer incomes and possible disruptions in the work of international supply chains, global cheese consumption is expected to stagnate in 2020. Afterward, the start of gradual market growth is expected as the global economy recovers from the effects of the pandemic. The market is forecast to expand with an anticipated CAGR +0.6% for the period from 2019 to 2030, which is projected to bring the market volume to 27M tonnes by the end of 2030.

Consumption by Country

The U.S. (6.1M tonnes) remains the largest cheese consuming country worldwide, accounting for 24% of total volume. Moreover, cheese consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Germany (3M tonnes), twofold. The third position in this ranking was occupied by France (1.6M tonnes), with a 6.4% share.

From 2013 to 2019, the average annual rate of growth in terms of volume in the U.S. totaled +2.5%. In the other countries, the average annual rates were as follows: Germany (+4.4% per year) and France (+1.3% per year).

In value terms, the U.S. ($25.9B) led the market, alone. The second position in the ranking was occupied by Germany ($11.2B). It was followed by Italy.

The countries with the highest levels of cheese per capita consumption in 2019 were the Czech Republic (64 kg per person), Germany (37 kg per person) and France (25 kg per person).

From 2013 to 2019, the most notable rate of growth in terms of cheese per capita consumption, amongst the main consuming countries, was attained by the Czech Republic, while cheese per capita consumption for the other global leaders experienced more modest paces of growth.

Market Forecast 2019-2025

Driven by increasing demand for cheese 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 +1.8% for the period from 2019 to 2030, which is projected to bring the market volume to 31M tonnes by the end of 2030.

Production

In 2019, the amount of cheese produced worldwide rose slightly to 26M tonnes, picking up by 2.6% on the year before. The total output volume increased at an average annual rate of +2.6% from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years.

Production by Country

The countries with the highest volumes of cheese production in 2019 were the U.S. (6.3M tonnes), Germany (3.5M tonnes) and France (1.9M tonnes), with a combined 46% share of global production. These countries were followed by Italy, Poland, the Netherlands, Argentina, Russia, the Czech Republic, Egypt, the UK and Canada, which together accounted for a further 26%.

From 2013 to 2019, the most notable rate of growth in terms of cheese production, amongst the key producing countries, was attained by the Czech Republic, while cheese production for the other global leaders experienced more modest paces of growth.

Imports

In 2019, approx. 7.1M tonnes of cheese were imported worldwide; rising by 3.5% against 2018. The total import volume increased at an average annual rate of +2.7% over the period from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 4.2% against the previous year. Over the period under review, global imports attained the peak figure in 2019 and are expected to retain growth in the near future. In value terms, cheese imports rose to $32.3B (IndexBox estimates) in 2019.

Imports by Country

In 2019, Germany (778K tonnes), Italy (536K tonnes), the UK (495K tonnes), the Netherlands (390K tonnes), France (377K tonnes), Belgium (341K tonnes), Spain (310K tonnes), Japan (303K tonnes) and Russia (284K tonnes) represented the major importer of cheese in the world, mixing up 54% of total import. The U.S. (180K tonnes), Saudi Arabia (148K tonnes) and Greece (135K tonnes) took a relatively small share of total imports.

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

In value terms, Germany ($4.2B) constitutes the largest market for imported cheese worldwide, comprising 13% of global imports. The second position in the ranking was occupied by the UK ($2.1B), with a 6.5% share of global imports. It was followed by Italy, with a 6.3% share.

Import Prices by Country

The average cheese import price stood at $4,532 per tonne in 2019, falling by -1.6% against the previous year. Over the period under review, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 11% year-to-year. Over the period under review, average import prices attained the peak figure at $5,303 per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($7,560 per tonne), while Saudi Arabia ($3,362 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform