Global Dried Grapes Market 2019 – the UK is the Leading Import Market

September 4th, 2019 IndexBox Leave a comment

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

The global dried grapes market revenue amounted to $6B in 2018, going down by -3.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.3% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 when the market value increased by 15% y-o-y. The global dried grapes consumption peaked at $6.7B in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Consumption By Country

China (512K tonnes) constituted the country with the largest volume of dried grapes consumption, comprising approx. 18% of total consumption. Moreover, dried grapes consumption in China exceeded the figures recorded by the world’s second-largest consumer, India (208K tonnes), twofold. The U.S. (160K tonnes) ranked third in terms of total consumption with a 5.6% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in China stood at +6.6%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+8.1% per year) and the U.S. (-5.4% per year).

In value terms, China ($896M), the U.S. ($454M) and India ($444M) were the countries with the highest levels of market value in 2018, with a combined 30% share of the global market.

The countries with the highest levels of dried grapes per capita consumption in 2018 were the UK (1,470 kg per 1000 persons), Germany (831 kg per 1000 persons) and Japan (825 kg per 1000 persons).

From 2007 to 2018, the most notable rate of growth in terms of dried grapes per capita consumption, amongst the main consuming countries, was attained by India, while the other global leaders experienced more modest paces of growth.

Market Forecast 2019-2025

Driven by increasing demand for dried grapes worldwide, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.1% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 3M tonnes by the end of 2025.

Production 2007-2018

In 2018, approx. 2.9M tonnes of dried grapes were produced worldwide; lowering by -5.8% against the previous year. Over the period under review, dried grapes production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when production volume increased by 8.7% y-o-y. The global dried grapes production peaked at 3.2M tonnes in 2016; however, from 2017 to 2018, production remained at a lower figure.

In value terms, dried grapes production stood at $7.1B in 2018 estimated in export prices. The total output value increased at an average annual rate of +3.5% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2013 when production volume increased by 12% against the previous year. The global dried grapes production peaked at $7.3B in 2016; however, from 2017 to 2018, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of dried grapes production in 2018 were China (516K tonnes), Turkey (285K tonnes) and India (230K tonnes), with a combined 36% share of global production.

From 2007 to 2018, the most notable rate of growth in terms of dried grapes production, amongst the main producing countries, was attained by India, while the other global leaders experienced more modest paces of growth.

Exports 2007-2018

In 2018, the amount of dried grapes exported worldwide amounted to 773K tonnes, falling by -4.7% against the previous year. Over the period under review, dried grapes exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when exports increased by 3.5% y-o-y. Over the period under review, global dried grapes exports attained their maximum at 848K tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, dried grapes exports amounted to $1.7B (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +3.6% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2010 with an increase of 30% year-to-year. Over the period under review, global dried grapes exports reached their peak figure at $2B in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the key exporter of dried grapes in the world, with the volume of exports reaching 279K tonnes, which was near 36% of total exports in 2018. The U.S. (85K tonnes) occupied the second position in the ranking, followed by Chile (63K tonnes), South Africa (61K tonnes), Uzbekistan (43K tonnes), Iran (42K tonnes) and Argentina (41K tonnes). All these countries together took approx. 43% share of total exports. Afghanistan (26K tonnes), India (23K tonnes), Greece (17K tonnes), China (17K tonnes) and the Netherlands (13K tonnes) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +1.4% from 2007 to 2018. At the same time, Afghanistan (+4.7%), South Africa (+3.7%), India (+3.6%), Argentina (+3.3%) and Uzbekistan (+3.1%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing exporter in the world, with a CAGR of +4.7% from 2007-2018. The Netherlands and Chile experienced a relatively flat trend pattern. By contrast, Greece (-2.8%), the U.S. (-3.2%), China (-3.6%) and Iran (-11.4%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Turkey, South Africa, Argentina and Uzbekistan increased by +5%, +2.6%, +1.6% and +1.6% percentage points, while the U.S. (-4.7 p.p.) and Iran (-15.2 p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($490M), the U.S. ($284M) and Chile ($156M) were the countries with the highest levels of exports in 2018, with a combined 56% share of global exports. These countries were followed by South Africa, Afghanistan, Argentina, Iran, Uzbekistan, Greece, India, the Netherlands and China, which together accounted for a further 36%.

Afghanistan recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average dried grapes export price amounted to $2,145 per tonne, increasing by 17% against the previous year. In general, the export price indicated a resilient increase from 2007 to 2018: its price increased at an average annual rate of +4.5% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 an increase of 26% year-to-year. Over the period under review, the average export prices for dried grapes attained their maximum at $2,351 per tonne in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Afghanistan ($3,794 per tonne), while Uzbekistan ($1,236 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Afghanistan, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

Global imports stood at 744K tonnes in 2018, declining by -5.9% against the previous year. Overall, dried grapes imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of 8.2% against the previous year. The global imports peaked at 851K tonnes in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, dried grapes imports stood at $1.6B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +3.2% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of 27% y-o-y. The global imports peaked at $1.8B in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The UK (99K tonnes), Germany (77K tonnes) and the Netherlands (55K tonnes) represented roughly 31% of total imports of dried grapes in 2018. It was distantly followed by Japan (35K tonnes), mixing up a 4.8% share of total imports. Kazakhstan (29K tonnes), France (26K tonnes), Brazil (26K tonnes), Russia (24K tonnes), Canada (24K tonnes), Belgium (22K tonnes), Italy (21K tonnes) and Australia (18K tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Kazakhstan, while the other global leaders experienced more modest paces of growth.

In value terms, the largest dried grapes importing markets worldwide were the UK ($199M), Germany ($163M) and Japan ($116M), together accounting for 31% of global imports. The Netherlands, Canada, France, Brazil, Italy, Russia, Australia, Belgium and Kazakhstan lagged somewhat behind, together comprising a further 29%.

In terms of the main importing countries, Kazakhstan recorded the highest growth rate of imports, over the last eleven-year period, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average dried grapes import price stood at $2,094 per tonne in 2018, growing by 15% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2008 when the average import price increased by 23% y-o-y. The global import price peaked at $2,390 per tonne in 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($3,274 per tonne), while Kazakhstan ($592 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Archives, Global Trade Daily, Imports/Exports

Global Duck And Goose Meat Market to Keep Growing, Driven by Strong Demand in Asia

September 4th, 2019 IndexBox Leave a comment

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

The global duck and goose meat market revenue amounted to $19B in 2018. 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 +2.1% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

The most prominent rate of growth was recorded in 2011 when the market value increased by 13% y-o-y. The global duck and goose meat consumption peaked at $21.9B in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Consumption By Country

China (5.5M tonnes) remains the largest duck and goose meat consuming country worldwide, accounting for 76% of total consumption. Moreover, duck and goose meat consumption in China exceeded the figures recorded by the world’s second-largest consumer, France (203K tonnes), more than tenfold. The third position in this ranking was occupied by Myanmar (174K tonnes), with a 2.4% share.

In China, duck and goose meat consumption increased at an average annual rate of +2.2% over the period from 2007-2018. The remaining consuming countries recorded the following average annual rates of consumption growth: France (-2.4% per year) and Myanmar (+7.4% per year).

In value terms, China ($10.5B) led the market, alone. The second position in the ranking was occupied by France ($1.3B). It was followed by Myanmar.

The countries with the highest levels of duck and goose meat per capita consumption in 2018 were Taiwan, Chinese (6,116 kg per 1000 persons), China (3,771 kg per 1000 persons) and Myanmar (3,231 kg per 1000 persons).

From 2007 to 2018, the most notable rate of growth in terms of duck and goose meat per capita consumption, amongst the main consuming countries, was attained by Myanmar, while the other global leaders experienced more modest paces of growth.

Market Forecast 2019-2025

Driven by increasing demand for duck and goose meat worldwide, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.6% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 8M tonnes by the end of 2025.

Production 2007-2018

In 2018, the global duck and goose meat production amounted to 7.2M tonnes, surging by 3.3% against the previous year. The total output volume increased at an average annual rate of +1.8% over the period from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2012 with an increase of 4.1% y-o-y.

Over the period under review, global duck and goose meat production attained its maximum volume in 2018 and is expected to retain its growth in the immediate term. The general positive trend in terms of duck and goose meat output was largely conditioned by a slight increase of the number of producing animals and a relatively flat trend pattern in yield figures.

Production By Country

The country with the largest volume of duck and goose meat production was China (5.5M tonnes), accounting for 76% of total production. Moreover, duck and goose meat production in China exceeded the figures recorded by the world’s second-largest producer, France (233K tonnes), more than tenfold. Myanmar (174K tonnes) ranked third in terms of total production with a 2.4% share.

From 2007 to 2018, the average annual growth rate of volume in China stood at +2.2%. The remaining producing countries recorded the following average annual rates of production growth: France (-2.1% per year) and Myanmar (+7.4% per year).

Producing Animals 2007-2018

In 2018, approx. 3.8M heads of ducks and gooses were slaughtered worldwide; jumping by 2.3% against the previous year. This number increased at an average annual rate of +2.0% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when the number of producing animals increased by 5% year-to-year.

Yield 2007-2018

In 2018, the global average yield of duck and goose meat production amounted to 1.9 tonne per head, therefore, remained relatively stable against the previous year. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 2.3% y-o-y. In that year, the average duck and goose meat yield attained its peak level of 2 tonne per head. From 2014 to 2018, the growth of the average yield remained at a somewhat lower figure.

Exports 2007-2018

In 2018, the amount of duck and goose meat exported worldwide stood at 306K tonnes. The total export volume increased at an average annual rate of +2.0% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 18% year-to-year. In that year, global duck and goose meat exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, duck and goose meat exports totaled $1.3B (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +1.3% over the period from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2011 with an increase of 21% y-o-y. In that year, global duck and goose meat exports reached their peak of $1.3B. From 2012 to 2018, the growth of global duck and goose meat exports remained at a somewhat lower figure.

Exports by Country

In 2018, Hungary (60K tonnes), China, Hong Kong SAR (55K tonnes), France (48K tonnes), Poland (40K tonnes) and China (35K tonnes) represented the key exporters of duck and goose meat in the world, generating 78% of total export. Bulgaria (13K tonnes), the Netherlands (10K tonnes), Germany (8.5K tonnes), the UK (5.8K tonnes) and Thailand (5.1K tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by China, Hong Kong SAR, while the other global leaders experienced more modest paces of growth.

In value terms, the largest duck and goose meat markets worldwide were Hungary ($309M), France ($307M) and Poland ($161M), together accounting for 61% of global exports. China, Hong Kong SAR, Bulgaria, China, the Netherlands, Germany, Thailand and the UK lagged somewhat behind, together comprising a further 30%.

China, Hong Kong SAR recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven-year period, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average duck and goose meat export price amounted to $4,173 per tonne, waning by -4.1% against the previous year. Over the period under review, the duck and goose meat export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average export price increased by 19% against the previous year. In that year, the average export prices for duck and goose meat attained their peak level of $4,972 per tonne. From 2012 to 2018, the growth in terms of the average export prices for duck and goose meat remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Bulgaria ($8,089 per tonne), while China ($1,886 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, approx. 269K tonnes of duck and goose meat were imported worldwide. In general, duck and goose meat imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 12% y-o-y. Over the period under review, global duck and goose meat imports reached their peak figure at 295K tonnes in 2017, and then declined slightly in the following year.

In value terms, duck and goose meat imports totaled $1.1B (IndexBox estimates) in 2018. In general, duck and goose meat imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of 21% year-to-year. In that year, global duck and goose meat imports attained their peak of $1.4B. From 2012 to 2018, the growth of global duck and goose meat imports failed to regain its momentum.

Imports by Country

Germany (64K tonnes) and Taiwan, Chinese (53K tonnes) represented roughly 43% of total imports of duck and goose meat in 2018. France (19K tonnes) occupied the next position in the ranking, followed by the UK (14K tonnes). All these countries together held approx. 12% share of total imports. The following importers – Spain (9.6K tonnes), China, Hong Kong SAR (9.4K tonnes), Denmark (7.1K tonnes), the Netherlands (7.1K tonnes), Belgium (7.1K tonnes), Japan (5.8K tonnes), Viet Nam (5.3K tonnes) and the Czech Republic (4.7K tonnes) – together made up 21% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Taiwan, Chinese (+84.5% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($302M) constitutes the largest market for imported duck and goose meat worldwide, comprising 27% of global imports. The second position in the ranking was occupied by France ($127M), with a 11% share of global imports. It was followed by Taiwan, Chinese, with a 8.6% share.

In Germany, duck and goose meat imports plunged by an average annual rate of -1.1% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: France (-0.1% per year) and Taiwan, Chinese (+66.1% per year).

Import Prices by Country

In 2018, the average duck and goose meat import price amounted to $4,185 per tonne, increasing by 2.1% against the previous year. Over the period under review, the duck and goose meat import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of 14% against the previous year. In that year, the average import prices for duck and goose meat reached their peak level of $4,803 per tonne. From 2012 to 2018, the growth in terms of the average import prices for duck and goose meat remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Belgium ($8,398 per tonne), while Taiwan, Chinese ($1,839 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Archives, Global Trade Daily, Imports/Exports

Global Coconut Oil Market 2019 – the Philippines Continues to Dominate Production and Trade

September 3rd, 2019 IndexBox Leave a comment

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

The global coconut oil market revenue amounted to $5.9B in 2018, going down by -3.7% 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). Overall, coconut oil consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the market value increased by 18% year-to-year. Global coconut oil consumption peaked at $6.1B in 2017, and then declined slightly in the following year.

Consumption By Country

The countries with the highest volumes of coconut oil consumption in 2018 were the U.S. (507K tonnes), Indonesia (443K tonnes) and India (385K tonnes), with a combined 38% share of global consumption. The Philippines, Germany, the Netherlands, Viet Nam, China, Malaysia, Mexico and South Korea lagged somewhat behind, together accounting for a further 36%.

From 2011 to 2018, the most notable rate of growth in terms of coconut oil consumption, amongst the main consuming countries, was attained by Malaysia, while the other global leaders experienced more modest paces of growth.

In value terms, India ($1B), the U.S. ($638M) and Indonesia ($545M) constituted the countries with the highest levels of market value in 2018, together accounting for 37% of the global market. These countries were followed by Mexico, the Philippines, Germany, the Netherlands, Viet Nam, Malaysia, China and South Korea, which together accounted for a further 33%.

In 2018, the highest levels of coconut oil per capita consumption was registered in the Netherlands (10,511 kg per 1000 persons), followed by Malaysia (4,269 kg per 1000 persons), the Philippines (2,639 kg per 1000 persons) and Germany (2,237 kg per 1000 persons), while the world average per capita consumption of coconut oil was estimated at 457 kg per 1000 persons.

From 2011 to 2018, the average annual rate of growth in terms of the coconut oil per capita consumption in the Netherlands totaled +2.6%. In the other countries, the average annual rates were as follows: Malaysia (+8.6% per year) and the Philippines (-6.2% per year).

Market Forecast 2019-2025

The coconut oil market is expected to start a downward consumption trend over the next seven years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -1.3% for the seven-year period from 2018 to 2025, which is projected to depress the market volume to 3.2M tonnes by the end of 2025.

Production 2007-2018

Global coconut oil production stood at 3.2M tonnes in 2018, remaining constant against the previous year. Overall, coconut oil production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 6.2% y-o-y. Global coconut oil production peaked at 3.3M tonnes in 2012; however, from 2013 to 2018, production stood at a somewhat lower figure.

In value terms, coconut oil production stood at $5.2B in 2018 estimated in export prices. Over the period under review, coconut oil production continues to indicate a measured deduction. The most prominent rate of growth was recorded in 2014 when production volume increased by 31% y-o-y. Global coconut oil production peaked at $6.1B in 2011; however, from 2012 to 2018, production failed to regain its momentum.

Production By Country

The countries with the highest volumes of coconut oil production in 2018 were the Philippines (1.2M tonnes), Indonesia (885K tonnes) and India (390K tonnes), with a combined 76% share of global production. Viet Nam, Mexico, Malaysia and Cote d’Ivoire lagged somewhat behind, together accounting for a further 12%.

From 2011 to 2018, the most notable rate of growth in terms of coconut oil production, amongst the main producing countries, was attained by Cote d’Ivoire, while the other global leaders experienced more modest paces of growth.

Exports 2007-2018

In 2018, approx. 1.9M tonnes of coconut (copra) oil were exported worldwide; shrinking by -3.8% against the previous year. Overall, coconut oil exports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2012 with an increase of 7.7% y-o-y. Over the period under review, global coconut oil exports attained their peak figure at 2.2M tonnes in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, coconut oil exports amounted to $2.6B in 2018. Over the period under review, coconut oil exports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2014 when Exports increased by 31% year-to-year. Global exports peaked at $3.4B in 2017, and then declined slightly in the following year.

Exports by Country

In 2018, the Philippines (916K tonnes) was the main exporter of coconut (copra) oil, comprising 49% of total exports. Indonesia (457K tonnes) ranks second in terms of the total exports with a 25% share, followed by the Netherlands (11%) and Malaysia (6.6%).

The Philippines experienced a relatively flat trend pattern of coconut (copra) oil exports. At the same time, the Netherlands (+1.0%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +1.0% from 2011-2018. By contrast, Malaysia (-2.3%) and Indonesia (-3.1%) illustrated a downward trend over the same period. The Philippines (+3 p.p.) significantly strengthened its position in terms of the global exports, while Indonesia saw its share reduced by -6.1% from 2011 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($1.2B) remains the largest coconut oil supplier worldwide, comprising 45% of global exports. The second position in the ranking was occupied by Indonesia ($570M), with a 22% share of global exports. It was followed by the Netherlands, with a 12% share.

From 2011 to 2018, the average annual rate of growth in terms of value in the Philippines totaled -2.9%. In the other countries, the average annual rates were as follows: Indonesia (-6.9% per year) and the Netherlands (-1.2% per year).

Export Prices by Country

The average coconut oil export price stood at $1,425 per tonne in 2018, reducing by -18.2% against the previous year. Overall, the coconut oil export price continues to indicate a temperate reduction. The most prominent rate of growth was recorded in 2014 an increase of 34% against the previous year. Over the period under review, the average export prices for coconut (copra) oil reached their peak figure at $1,742 per tonne in 2017, and then declined slightly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in the Netherlands ($1,591 per tonne) and Malaysia ($1,319 per tonne), while Indonesia ($1,247 per tonne) and the Philippines ($1,296 per tonne) were amongst the lowest.

From 2011 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced a decline in the export price figures.

Imports 2007-2018

In 2018, the global coconut oil imports amounted to 2.1M tonnes, surging by 8.4% against the previous year. The total import volume increased at an average annual rate of +2.6% over the period from 2011 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2012 with an increase of 23% against the previous year. Global imports peaked at 2.4M tonnes in 2014; however, from 2015 to 2018, imports remained at a lower figure.

In value terms, coconut oil imports amounted to $2.9B in 2018. Over the period under review, coconut oil imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 40% against the previous year. Global imports peaked at $3.6B in 2017, and then declined slightly in the following year.

Imports by Country

The U.S. (528K tonnes) and the Netherlands (378K tonnes) were the key importers of coconut (copra) oil in 2018, amounting to approx. 25% and 18% of total imports, respectively. Germany (198K tonnes) held a 9.3% share (based on tonnes) of total imports, which put it in second place, followed by Malaysia (9.1%) and China (6.7%). The following importers – South Korea (58K tonnes), Spain (55K tonnes), Italy (54K tonnes), Belgium (48K tonnes), Japan (40K tonnes) and Singapore (38K tonnes) – together made up 14% of total imports.

From 2011 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Spain, while the other global leaders experienced more modest paces of growth.

In value terms, the largest coconut oil importing markets worldwide were the U.S. ($649M), the Netherlands ($464M) and Germany ($277M), together accounting for 49% of global imports.

Among the main importing countries, Germany experienced the highest rates of growth with regard to imports, over the last seven years, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average coconut oil import price stood at $1,342 per tonne in 2018, going down by -25.9% against the previous year. In general, the coconut oil import price continues to indicate a temperate decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 35% y-o-y. Over the period under review, the average import prices for coconut (copra) oil reached their maximum at $1,811 per tonne in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($1,543 per tonne), while Malaysia ($1,028 per tonne) was amongst the lowest.

From 2011 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Archives, Global Trade Daily, Imports/Exports

Whey Market in Asia-Pacific – China to Remain the Largest Import Market, Despite a Softer Economy

September 1st, 2019 IndexBox Leave a comment

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

The revenue of the whey market in Asia-Pacific amounted to $1.5B in 2018, waning by -4.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The total market indicated buoyant growth from 2007 to 2018: its value increased at an average annual rate of +6.4% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, whey consumption increased by +9.0% against 2016 indices. The most prominent rate of growth was recorded in 2011 with an increase of 27% y-o-y. Over the period under review, the whey market reached its maximum level at $1.7B in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Consumption By Country in Asia-Pacific

China (526K tonnes) constituted the country with the largest volume of whey consumption, accounting for a 42% share. Moreover, whey consumption in China exceeded the figures recorded by the region’s second-largest consumer, Indonesia (128K tonnes), fourfold. Australia (91K tonnes) ranked third in terms of total consumption with a 7.3% share.

From 2007 to 2018, the average annual growth rate of volume in China amounted to +9.3%. The remaining consuming countries recorded the following average annual rates of consumption growth: Indonesia (+8.1% per year) and Australia (+6.3% per year).

In value terms, China ($555M) led the market, alone. The second position in the ranking was occupied by New Zealand ($159M). It was followed by Indonesia.

In 2018, the highest levels of whey per capita consumption was registered in New Zealand (15 kg per person), followed by Australia (3,674 kg per 1000 persons), Malaysia (2,644 kg per 1000 persons) and Thailand (853 kg per 1000 persons), while the world average per capita consumption of whey was estimated at 299 kg per 1000 persons.

From 2007 to 2018, the average annual growth rate of the whey per capita consumption in New Zealand totaled +23.5%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Australia (+4.7% per year) and Malaysia (+3.7% per year).

Market Forecast 2019-2025 in Asia-Pacific

Driven by increasing demand for whey in Asia-Pacific, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.7% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 1.6M tonnes by the end of 2025.

Production in Asia-Pacific

The whey production amounted to 151K tonnes in 2018, approximately mirroring the previous year. In general, whey production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when production volume increased by 1.9% year-to-year. Over the period under review, whey production attained its peak figure volume at 155K tonnes in 2008; however, from 2009 to 2018, production stood at a somewhat lower figure.

In value terms, whey production totaled $160M in 2018 estimated in export prices. In general, whey production, however, continues to indicate a drastic curtailment. The growth pace was the most rapid in 2010 with an increase of 70% year-to-year. The level of whey production peaked at $433M in 2012; however, from 2013 to 2018, production failed to regain its momentum.

Production By Country in Asia-Pacific

Australia (99K tonnes) remains the largest whey producing country in Asia-Pacific, comprising approx. 65% of total production. Moreover, whey production in Australia exceeded the figures recorded by the region’s second-largest producer, New Zealand (26K tonnes), fourfold. The third position in this ranking was occupied by China (20K tonnes), with a 13% share.

In Australia, whey production remained relatively stable over the period from 2007-2018. In the other countries, the average annual rates were as follows: New Zealand (+1.5% per year) and China (-1.1% per year).

Exports in Asia-Pacific

In 2018, the amount of whey exported in Asia-Pacific stood at 78K tonnes, jumping by 28% against the previous year. In general, whey exports, however, continue to indicate a measured decrease. The most prominent rate of growth was recorded in 2016 when Exports increased by 45% year-to-year. Over the period under review, whey exports attained their maximum at 99K tonnes in 2009; however, from 2010 to 2018, exports remained at a lower figure.

In value terms, whey exports amounted to $95M in 2018. Over the period under review, whey exports, however, continue to indicate a drastic setback. The most prominent rate of growth was recorded in 2011 with an increase of 30% y-o-y. Over the period under review, whey exports attained their maximum at $209M in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Australia was the major exporting country with an export of around 52K tonnes, which recorded 67% of total exports. New Zealand (15K tonnes) took a 20% share (based on tonnes) of total exports, which put it in second place, followed by Thailand (6.4%). The following exporters – Singapore (1.3K tonnes) and South Korea (1.3K tonnes) – each reached a 3.4% share of total exports.

Australia experienced a relatively flat trend pattern of wheyexports. At the same time, South Korea (+36.0%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest growing exporter in Asia-Pacific, with a CAGR of +36.0% from 2007-2018. By contrast, New Zealand (-2.9%), Thailand (-6.4%) and Singapore (-9.6%) illustrated a downward trend over the same period. From 2007 to 2018, the share of South Korea increased by +1.6% percentage points, while Australia (-1.8 p.p.), Singapore (-3.4 p.p.), Thailand (-6.9 p.p.) and New Zealand (-7.7 p.p.) saw their share reduced.

In value terms, the largest whey markets in Asia-Pacific were Australia ($50M), New Zealand ($27M) and Thailand ($6.3M), together accounting for 88% of total exports. South Korea and Singapore lagged somewhat behind, together accounting for a further 5.8%.

Among the main exporting countries, South Korea (+59.4% per year) experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced a decline in the exports figures.

Export Prices by Country

The whey export price in Asia-Pacific stood at $1,217 per tonne in 2018, going down by -28.9% against the previous year. Overall, the whey export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2011 an increase of 49% year-to-year. Over the period under review, the export prices for whey attained their peak figure at $2,774 per tonne in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was South Korea ($2,989 per tonne), while Australia ($957 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced mixed trends in the export price figures.

Imports in Asia-Pacific

In 2018, the amount of whey imported in Asia-Pacific totaled 1.2M tonnes, jumping by 10% against the previous year. The total imports indicated prominent growth from 2007 to 2018: its volume increased at an average annual rate of +6.7% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, whey imports increased by +35.0% against 2014 indices. The growth pace was the most rapid in 2009 with an increase of 22% y-o-y. The volume of imports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, whey imports amounted to $1.2B in 2018. In general, whey imports continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2011 when Imports increased by 48% against the previous year. The level of imports peaked at $1.8B in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

China was the key importing country with an import of about 506K tonnes, which amounted to 43% of total imports. Indonesia (128K tonnes) ranks second in terms of the total imports with a 11% share, followed by Malaysia (7.3%), the Philippines (5.6%), Thailand (5%), New Zealand (5%) and Japan (4.8%). Viet Nam (45K tonnes) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +10.1% from 2007 to 2018. At the same time, New Zealand (+24.1%), Indonesia (+8.0%), Malaysia (+5.3%), Viet Nam (+5.1%), the Philippines (+4.0%) and Thailand (+3.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest growing importer in Asia-Pacific, with a CAGR of +24.1% from 2007-2018. By contrast, Japan (-1.6%) illustrated a downward trend over the same period. China (+28 p.p.), Indonesia (+6.2 p.p.), New Zealand (+4.5 p.p.), Malaysia (+3.2 p.p.), the Philippines (+2 p.p.), Thailand (+1.6 p.p.) and Viet Nam (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($510M) constitutes the largest market for imported whey in Asia-Pacific, comprising 41% of total whey imports. The second position in the ranking was occupied by Indonesia ($129M), with a 10% share of total imports. It was followed by Malaysia, with a 7% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China stood at +4.8%. In the other countries, the average annual rates were as follows: Indonesia (+3.1% per year) and Malaysia (+1.6% per year).

Import Prices by Country

The whey import price in Asia-Pacific stood at $1,047 per tonne in 2018, going down by -14% against the previous year. In general, the whey import price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2010 when the import price increased by 29% against the previous year. Over the period under review, the import prices for whey reached their maximum at $1,852 per tonne in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Japan ($1,315 per tonne), while Viet Nam ($787 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Viet Nam, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Archives, Global Trade Daily, Imports/Exports

Global Grape Market 2019 – China Emerges as the Largest Consumer, with the Highest Growth Rate over the Last Decade

August 29th, 2019 IndexBox Leave a comment

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

The global grape market revenue amounted to $136.6B in 2018, going up by 3.7% 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 +2.2% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2011 with an increase of 10% against the previous year. Over the period under review, the global grape market attained its maximum level in 2018 and is likely to see steady growth in the near future.

Consumption By Country

China (14M tonnes) remains the largest grape consuming country worldwide, accounting for 19% of total consumption. Moreover, grape consumption in China exceeded the figures recorded by the world’s second-largest consumer, the U.S. (6.9M tonnes), twofold. The third position in this ranking was occupied by Italy (6.7M tonnes), with a 8.9% share.

In China, grape consumption increased at an average annual rate of +7.1% over the period from 2007-2018. The remaining consuming countries recorded the following average annual rates of consumption growth: the U.S. (+0.4% per year) and Italy (-0.3% per year).

In value terms, China ($21.3B), the U.S. ($15.1B) and France ($13.9B) constituted the countries with the highest levels of market value in 2018, with a combined 37% share of the global market.

China recorded the highest growth rate of the grape market, in terms of the main consuming countries over the last eleven-year period, while the other global leaders experienced more modest paces of growth.

The countries with the highest levels of grape per capita consumption in 2018 were Italy (113 kg per person), Spain (113 kg per person) and France (92 kg per person).

From 2007 to 2018, the most notable rate of growth in terms of grape per capita consumption, amongst the main consuming countries, was attained by China, while the other global leaders experienced more modest paces of growth.

Market Forecast 2019-2025

Driven by increasing demand for grape worldwide, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.3% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 83M tonnes by the end of 2025.

Production 2007-2018

In 2018, the global grape production totaled 76M tonnes, picking up by 1.9% against the previous year. The total output volume increased at an average annual rate of +1.4% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 7.7% year-to-year. Global grape production peaked at 76M tonnes in 2015; however, from 2016 to 2018, production stood at a somewhat lower figure. The general positive trend in terms of grape output was largely conditioned by a mild increase of the harvested area and a modest expansion in yield figures.

In value terms, grape production stood at $136.6B in 2018 estimated in export prices.

Production By Country

The countries with the highest volumes of grape production in 2018 were China (14M tonnes), Italy (7.1M tonnes) and the U.S. (6.7M tonnes), with a combined 37% share of the global output.

From 2007 to 2018, the most notable rate of growth in terms of grape production, amongst the main producing countries, was attained by China, while the other global leaders experienced more modest paces of growth.

Harvested Area 2007-2018

Global grape harvested area totaled 6.9M ha in 2018, flattening at the previous year. In general, grape harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 1.8% year-to-year. Over the period under review, the harvested area dedicated to grape production attained its maximum at 7.2M ha in 2007; however, from 2008 to 2018, harvested area failed to regain its momentum.

Yield 2007-2018

In 2018, the global average grape yield amounted to 11 tonne per ha, going up by 1.8% against the previous year. The yield figure increased at an average annual rate of +1.7% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 5.9% year-to-year. Global grape yield peaked in 2018 and is expected to retain its growth in the immediate term.

Exports 2007-2018

In 2018, approx. 4.6M tonnes of grapes were exported worldwide; jumping by 2.9% against the previous year. The total export volume increased at an average annual rate of +2.0% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2011 with an increase of 5.9% against the previous year. Global exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, grape exports amounted to $8.2B in 2018. The total export value increased at an average annual rate of +2.5% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The growth pace was the most rapid in 2011 when Exports increased by 14% year-to-year. Global exports peaked in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

In 2018, Chile (727K tonnes), followed by Italy (462K tonnes), the U.S. (420K tonnes), Peru (343K tonnes), South Africa (324K tonnes) and the Netherlands (289K tonnes) were the largest exporters of grapes, together making up 56% of total exports. The following exporters – China, Hong Kong SAR (201K tonnes), China (190K tonnes), Afghanistan (176K tonnes), India (172K tonnes), Turkey (166K tonnes) and Spain (161K tonnes) – each recorded a 23% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Afghanistan, while the other global leaders experienced more modest paces of growth.

In value terms, the largest grape markets worldwide were Chile ($1.2B), the U.S. ($925M) and Peru ($820M), together accounting for 36% of global exports.

Among the main exporting countries, Peru recorded the highest growth rate of exports, over the last eleven years, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average grape export price amounted to $1,806 per tonne, rising by 2.8% against the previous year. Overall, the grape export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of 7.8% against the previous year. Global export price peaked at $1,915 per tonne in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($2,706 per tonne), while Afghanistan ($595 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, the amount of grapes imported worldwide totaled 4.5M tonnes, picking up by 3.4% against the previous year. The total import volume increased at an average annual rate of +2.3% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when Imports increased by 12% y-o-y. Global imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, grape imports totaled $8.5B in 2018. The total import value increased at an average annual rate of +3.2% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2008 with an increase of 13% against the previous year. Over the period under review, global grape imports attained their peak figure in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, the U.S. (587K tonnes), China (393K tonnes), the Netherlands (386K tonnes), Germany (315K tonnes), Russia (296K tonnes), the UK (273K tonnes), China, Hong Kong SAR (238K tonnes), Canada (185K tonnes), Thailand (176K tonnes), France (118K tonnes), Poland (115K tonnes) and Mexico (97K tonnes) were the largest importers of grapes in the world, creating 71% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($1B), Germany ($750M) and China ($743M) appeared to be the countries with the highest levels of imports in 2018, with a combined 30% share of global imports.

China experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average grape import price stood at $1,905 per tonne in 2018, flattening at the previous year. Over the period under review, the grape import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the average import price increased by 11% year-to-year. In that year, the average import prices for grapes attained their peak level of $1,999 per tonne. From 2013 to 2018, the growth in terms of the average import prices for grapes remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the UK ($2,535 per tonne), while Russia ($1,094 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Archives, Global Trade Daily, Imports/Exports

Global Plum And Sloe Market Reached $15.7B in 2018

August 29th, 2019 IndexBox Leave a comment

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.

The global plum and sloe market revenue amounted to $15.7B in 2018, going up by 12% 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 +4.7% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of 13% y-o-y. Global plum and sloe consumption peaked in 2018 and is expected to retain its growth in the near future.

Consumption By Country

China (7.1M tonnes) constituted the country with the largest volume of plum and sloe consumption, accounting for 59% of total consumption. Moreover, plum and sloe consumption in China exceeded the figures recorded by the world’s second largest consumer, Romania (453K tonnes), more than tenfold. The U.S. (420K tonnes) ranked third in terms of total consumption with a 3.5% share.

In China, plum and sloe consumption expanded at an average annual rate of +3.6% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Romania (+1.8% per year) and the U.S. (+1.7% per year).

In value terms, China ($10B) led the market, alone. The second position in the ranking was occupied by the U.S. ($757M). It was followed by Iran.

The countries with the highest levels of plum and sloe per capita consumption in 2018 were Serbia (33 kg per person), Romania (23 kg per person) and Morocco (5,363 kg per 1000 persons).

From 2007 to 2018, the most notable rate of growth in terms of plum and sloe per capita consumption, amongst the main consuming countries, was attained by Morocco, while the other global leaders experienced more modest paces of growth.

Market Forecast 2019-2025

Driven by increasing demand for plum and sloe worldwide, the market is expected to continue an upward consumption trend over the next seven year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.8% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 14M tonnes by the end of 2025.

Production 2007-2018

Global plum and sloe production amounted to 12M tonnes in 2018, going up by 2.9% against the previous year. The total output volume increased at an average annual rate of +2.3% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The growth pace was the most rapid in 2009 when production volume increased by 6.3% y-o-y. Global plum and sloe production peaked in 2018 and is expected to retain its growth in the near future. The general positive trend in terms of plum and sloe output was largely conditioned by a measured expansion of the harvested area and a slight increase in yield figures.

In value terms, plum and sloe production totaled $16.3B in 2018 estimated in export prices. In general, the total output indicated a strong expansion from 2007 to 2018: its value increased at an average annual rate of +2.3% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the plum and sloe production increased by +25.6% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of 16% year-to-year. In that year, global plum and sloe production reached its peak level and is likely to continue its growth in the immediate term.

Production By Country

China (7M tonnes) constituted the country with the largest volume of plum and sloe production, comprising approx. 58% of total production. Moreover, plum and sloe production in China exceeded the figures recorded by the world’s second largest producer, Romania (441K tonnes), more than tenfold. The U.S. (430K tonnes) ranked third in terms of total production with a 3.5% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in China stood at +3.5%. In the other countries, the average annual rates were as follows: Romania (+1.5% per year) and the U.S. (+1.6% per year).

Harvested Area 2007-2018

In 2018, approx. 2.7M ha of plums and sloes were harvested worldwide; increasing by 1.6% against the previous year. The harvested area increased at an average annual rate of +1.2% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 4.8% year-to-year. In that year, the global plum and sloe harvested area reached its peak figure of 2.7M ha. From 2014 to 2018, the growth of the global plum and sloe harvested area remained at a somewhat lower figure.

Yield 2007-2018

Global average plum and sloe yield totaled 4.6 tonne per ha in 2018, therefore, remained relatively stable against the previous year. The yield figure increased at an average annual rate of +1.1% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2009 when Yield increased by 4.8% year-to-year. Over the period under review, the average plum and sloe yield attained its maximum level in 2018 and is expected to retain its growth in the near future.

Exports 2007-2018

In 2018, the global exports of plums and sloes stood at 615K tonnes, leveling off at the previous year. The total export volume increased at an average annual rate of +1.2% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when exports increased by 12% against the previous year. Over the period under review, global plum and sloe exports attained their maximum at 689K tonnes in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, plum and sloe exports totaled $776M in 2018. The total export value increased at an average annual rate of +1.9% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of 16% against the previous year. Over the period under review, global plum and sloe exports reached their peak figure at $838M in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, Chile (121K tonnes), distantly followed by Spain (73K tonnes), South Africa (58K tonnes), Moldova (53K tonnes), Italy (45K tonnes), China, Hong Kong SAR (43K tonnes), the U.S. (33K tonnes) and Uzbekistan (28K tonnes) represented the largest exporters of plums and sloes, together making up 74% of total exports. Serbia (16K tonnes), Turkey (14K tonnes), France (13K tonnes) and the Netherlands (11K tonnes) occupied a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Moldova, while the other global leaders experienced more modest paces of growth.

In value terms, Chile ($174M), Spain ($113M) and South Africa ($78M) appeared to be the countries with the highest levels of exports in 2018, with a combined 47% share of global exports. These countries were followed by China, Hong Kong SAR, the U.S., Italy, Moldova, the Netherlands, Uzbekistan, France, Turkey and Serbia, which together accounted for a further 39%.

Moldova experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven year period, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average plum and sloe export price amounted to $1,262 per tonne, surging by 3.7% against the previous year. In general, the plum and sloe export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of 11% against the previous year. Over the period under review, the average export prices for plums and sloes attained their maximum at $1,317 per tonne in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($1,862 per tonne), while Moldova ($528 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, approx. 575K tonnes of plums and sloes were imported worldwide; dropping by -6.6% against the previous year. The total import volume increased at an average annual rate of +1.1% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 12% y-o-y. Over the period under review, global plum and sloe imports reached their peak figure at 659K tonnes in 2013; however, from 2014 to 2018, imports remained at a lower figure.

In value terms, plum and sloe imports totaled $721M in 2018. The total import value increased at an average annual rate of +1.0% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 when Imports increased by 16% y-o-y. Over the period under review, global plum and sloe imports attained their maximum at $849M in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

China (93K tonnes) and Russia (77K tonnes) represented roughly 30% of total imports of plums and sloes in 2018. It was distantly followed by the Netherlands (38K tonnes), Germany (32K tonnes) and the UK (30K tonnes), together committing a 17% share of total imports. The U.S. (23K tonnes), Kazakhstan (19K tonnes), Brazil (16K tonnes), Canada (15K tonnes), China, Hong Kong SAR (13K tonnes), Egypt (13K tonnes) and Saudi Arabia (12K tonnes) occupied a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Kazakhstan (+59.5% per year), while the other global leaders experienced more modest paces of growth.

In value terms, China ($155M) constitutes the largest market for imported plums and sloes worldwide, comprising 21% of global imports. The second position in the ranking was occupied by Russia ($56M), with a 7.8% share of global imports. It was followed by the Netherlands, with a 7% share.

In China, plum and sloe imports increased at an average annual rate of +24.0% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Russia (+3.9% per year) and the Netherlands (-3.2% per year).

Import Prices by Country

In 2018, the average plum and sloe import price amounted to $1,255 per tonne, standing approx. at the previous year. Over the period under review, the plum and sloe import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average import price increased by 3.5% year-to-year. Over the period under review, the average import prices for plums and sloes reached their maximum at $1,328 per tonne in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($1,901 per tonne), while Kazakhstan ($722 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Archives, Global Trade Daily, Imports/Exports

Global Beef Market 2019 – Rising Demand In China Boosts Imports Up, Securing New Opportunities For Foreign Suppliers

August 26th, 2019 IndexBox Leave a comment

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

The global beef market revenue amounted to $385.7B in 2018, growing by 5.1% 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 +3.2% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of 11% year-to-year. Global beef consumption peaked in 2018 and is expected to retain its growth in the near future.

Production 2007-2018

In 2018, approx. 70M tonnes of beef (cattle meat) were produced worldwide; flattening at the previous year. In general, beef production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when Production Volume increased by 1.8% against the previous year. Over the period under review, global beef production reached its peak figure volume in 2018 and is likely to continue its growth in the immediate term. The general positive trend in terms of beef output was largely conditioned by a relatively flat trend pattern of the number of producing animals and a relatively flat trend pattern in yield figures.

In value terms, beef production stood at $392.3B in 2018 estimated in export prices. The total output value increased at an average annual rate of +4.3% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of 19% y-o-y. Global beef production peaked in 2018 and is likely to see steady growth in the immediate term.

Exports 2007-2018

In 2018, approx. 8.1M tonnes of beef (cattle meat) were exported worldwide; approximately equating the previous year. The total export volume increased at an average annual rate of +1.6% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 10% against the previous year. Over the period under review, global beef exports attained their peak figure at 8.2M tonnes in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

In value terms, beef exports amounted to $40.7B in 2018. In general, the total exports indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +1.6% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the beef exports increased by +6.0% against 2016 indices. The growth pace was the most rapid in 2008 with an increase of 18% against the previous year. Over the period under review, global beef exports attained their maximum at $44.1B in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Brazil (1.3M tonnes), followed by Australia (857K tonnes), the U.S. (691K tonnes), New Zealand (436K tonnes), Ireland (410K tonnes), the Netherlands (383K tonnes) and Argentina (367K tonnes) were the major exporters of beef (cattle meat), together mixing up 55% of total exports. Canada (345K tonnes), India (337K tonnes), Poland (325K tonnes), Uruguay (283K tonnes) and Germany (266K tonnes) took a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Poland, while the other global leaders experienced more modest paces of growth.

In value terms, the largest beef markets worldwide were Brazil ($5.3B), the U.S. ($4.8B) and Australia ($4.7B), together comprising 36% of global exports. Ireland, the Netherlands, New Zealand, Argentina, Canada, Uruguay, Poland, Germany and India lagged somewhat behind, together comprising a further 40%.

In terms of the main exporting countries, Poland experienced the highest rates of growth with regard to exports, over the last eleven year period, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average beef export price amounted to $5,052 per tonne, leveling off at the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2008 when the average export price increased by 20% year-to-year. Over the period under review, the average export prices for beef (cattle meat) attained their maximum at $5,370 per tonne in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

There were significant differences in the average Export Price prices amongst the major exporting countries. In 2018, the country with the highest Export Price price was the U.S. ($6,894 per tonne), while India ($3,448 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of Export Price prices was attained by India, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, the global imports of beef (cattle meat) stood at 9.5M tonnes, increasing by 4.3% against the previous year. The total import volume increased at an average annual rate of +2.3% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 7.4% year-to-year. Global imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, beef imports totaled $47.3B in 2018. Overall, the total imports indicated a remarkable increase from 2007 to 2018: its value increased at an average annual rate of +2.3% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the beef imports increased by +15.4% against 2016 indices. The most prominent rate of growth was recorded in 2011 when Imports increased by 16% year-to-year. Over the period under review, global beef imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, China (1M tonnes), the U.S. (912K tonnes), Viet Nam (619K tonnes), Japan (610K tonnes), South Korea (442K tonnes), China, Hong Kong SAR (439K tonnes), Italy (386K tonnes), Germany (367K tonnes), Russia (359K tonnes), the Netherlands (356K tonnes), the UK (294K tonnes) and France (247K tonnes) represented the largest importers of beef (cattle meat) in the world, mixing up 64% of total import.

In value terms, the largest beef importing markets worldwide were the U.S. ($5B), China ($4.7B) and Japan ($3.5B), together accounting for 28% of global imports.

China recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average beef import price amounted to $4,996 per tonne, increasing by 2.2% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2008 an increase of 18% year-to-year. Global import price peaked at $5,104 per tonne in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

There were significant differences in the average Import Price prices amongst the major importing countries. In 2018, the country with the highest Import Price price was South Korea ($6,415 per tonne), while Viet Nam ($3,258 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of Import Price prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Archives, Global Trade Daily, Imports/Exports

Global Almond Market 2019 – After Five Years of Robust Growth of In-Shell Nut Imports, India Emerges as the Most Promising Market

August 24th, 2019 IndexBox Leave a comment

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

The global almond market revenue amounted to $10.5B in 2018, going up by 6.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). In general, the total market indicated remarkable growth from 2007 to 2018: its value increased at an average annual rate of +2.4% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the almond consumption increased by +62.4% against 2008 indices. The pace of growth was the most pronounced in 2011, when the market value increased by 18% against the previous year. Global almond consumption peaked in 2018, and is likely to continue its growth in the immediate term.

Production 2007-2018

Global almond production stood at 2.4M tonnes in 2018, rising by 3.8% against the previous year. The total output volume increased at an average annual rate of +2.8% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The growth pace was the most rapid in 2011, when the output figure increased by 13% year-to-year. Global almond production peaked in 2018, and is expected to retain its growth in the near future. The general positive trend in terms of almond output was largely conditioned by a measured increase of the harvested area and a slight growth in yield figures.

Exports 2007-2018

Global exports totaled 306K tonnes in 2018, coming down by -6.2% against the previous year. Overall, the total exports indicated strong growth from 2007 to 2018: its volume increased at an average annual rate of +7.0% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, almond exports amounted to $1.3B (IndexBox estimates) in 2018.

Exports by Country

In 2018, the U.S. (204K tonnes) represented the major exporter for almonds, generating 67% of total exports. China, Hong Kong SAR (36K tonnes) ranks second in terms of the total exports with a 12% share, followed by Australia (7%) and Benin (6.8%). The United Arab Emirates (7K tonnes) followed a long way behind the leaders.

Exports from the U.S. increased at an average annual rate of +11.5% from 2007 to 2018. At the same time, Australia (+12.1%) and the United Arab Emirates (+7.6%) displayed positive paces of growth. Moreover, Australia emerged as the fastest growing exporter in the world, with a CAGR of +12.1% from 2007-2018. Benin and China, Hong Kong SAR experienced a relatively flat trend pattern. From 2007 to 2018, the share of the U.S. and Australia increased by +47% and +5% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($993M) remains the largest almond supplier worldwide, comprising 76% of global exports. The second position in the ranking was occupied by China, Hong Kong SAR ($117M), with a 9% share of global exports. It was followed by Australia, with a 8.1% share.

Export Prices by Country

The average almond export price stood at $4,284 per tonne in 2018, therefore, remained relatively stable against the previous year. In general, the export price indicated remarkable growth from 2007 to 2018: its price increased at an average annual rate of +4.4% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the almond export price decreased by -1.4% against 2015 indices. There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was Australia ($4,963 per tonne), while Benin ($448 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by China, Hong Kong SAR, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, approx. 299K tonnes of almonds were imported worldwide; going down by -2% against the previous year. The total import volume increased at an average annual rate of +2.8% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2016, with an increase of 20% against the previous year. Global imports peaked at 325K tonnes in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure. In value terms, almond imports totaled $1.4B (IndexBox estimates) in 2018. Overall, almond imports, however, continue to indicate remarkable expansion. The pace of growth was the most pronounced in 2011, with an increase of 19% y-o-y. Over the period under review, global almond imports attained their maximum at $1.4B in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, India (131K tonnes) represented the key importer for almonds, making up 44% of total imports. It was distantly followed by Viet Nam (61K tonnes), China, Hong Kong SAR (46K tonnes) and China (15K tonnes), together committing 41% share of total imports. The following importers – the United Arab Emirates (6.2K tonnes), Japan (5.8K tonnes) and Spain (5.8K tonnes) – each amounted to a 5.9% share of total imports.

Imports into India increased at an average annual rate of +9.8% from 2007 to 2018. At the same time, China (+21.6%), China, Hong Kong SAR (+16.8%), Spain (+7.4%) and the United Arab Emirates (+7.0%) displayed positive paces of growth. Moreover, China emerged as the fastest growing importer in the world, with a CAGR of +21.6% from 2007-2018. Japan experienced a relatively flat trend pattern. By contrast, Viet Nam (-6.0%) illustrated a downward trend over the same period. While the share of India (+28 p.p.), China, Hong Kong SAR (+13 p.p.) and China (+4.3 p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Viet Nam (-19.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($666M) constitutes the largest market for imported almonds worldwide, comprising 48% of global imports. The second position in the ranking was occupied by Viet Nam ($243M), with a 17% share of global imports. It was followed by China, Hong Kong SAR, with a 15% share.

Import Prices by Country

The average almond import price stood at $4,675 per tonne in 2018, approximately reflecting the previous year. Over the period under review, the almond import price continues to indicate strong growth. There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was Japan ($6,976 per tonne), while Spain ($3,921 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Viet Nam, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Archives, Global Trade Daily, Imports/Exports

Global Avocado Market 2019 – Mexican Exporters Enjoy New Growth Momentum, Thanks To Rising Demand In the U.S.

August 21st, 2019 IndexBox Leave a comment

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

The global avocado market revenue amounted to $13.5B in 2018, reducing by -9.3% 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). Overall, avocado consumption continues to indicate a remarkable expansion. The pace of growth was the most pronounced in 2017 with an increase of 29% y-o-y. In that year, the global avocado market attained its peak level of $14.9B, and then declined slightly in the following year.

Production 2007-2018

In 2018, the amount of avocados produced worldwide amounted to 6.4M tonnes, rising by 6% against the previous year. Overall, the total output indicated a strong expansion from 2007 to 2018: its volume increased at an average annual rate of +5.3% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the avocado production increased by +85.2% against 2008 indices. The most prominent rate of growth was recorded in 2009 with an increase of 13% y-o-y. Over the period under review, global avocado production attained its peak figure volume in 2018 and is expected to retain its growth in the immediate term. The general positive trend in terms of avocado output was largely conditioned by remarkable growth of the harvested area and a modest expansion in yield figures.

In value terms, avocado production stood at $12.9B in 2018 estimated in export prices. Over the period under review, avocado production continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 when the output figure increased by 40% against the previous year. In that year, global avocado production attained its peak level of $15.6B, and then declined slightly in the following year.

Exports 2007-2018

In 2018, approx. 2.4M tonnes of avocados were exported worldwide; growing by 23% against the previous year. In general, avocado exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2018 when exports increased by 23% y-o-y. In that year, global avocado exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, avocado exports totaled $5.6B in 2018. Overall, avocado exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 36% against the previous year. Global exports peaked at $5.8B in 2017, and then declined slightly in the following year.

Exports by Country

Mexico represented the major exporting country with an export of around 1.1M tonnes, which reached 45% of total exports. It was distantly followed by Peru (361K tonnes), the Netherlands (246K tonnes) and Chile (133K tonnes), together comprising a 31% share of total exports. The following exporters – Spain (106K tonnes), South Africa (85K tonnes), Kenya (72K tonnes) and the U.S. (68K tonnes) – together made up 14% of total exports.

From 2007 to 2018, average annual rates of growth with regard to avocado exports from Mexico stood at +12.5%. At the same time, Peru (+20.8%), the U.S. (+19.6%), the Netherlands (+18.2%), Kenya (+14.3%), Spain (+7.3%) and South Africa (+6.3%) displayed positive paces of growth. Moreover, Peru emerged as the fastest growing exporter in the world, with a CAGR of +20.8% from 2007-2018. By contrast, Chile (-1.1%) illustrated a downward trend over the same period. Mexico (+33 p.p.), Peru (+13 p.p.), the Netherlands (+8.6 p.p.), the U.S. (+2.4 p.p.), Spain (+2.4 p.p.), Kenya (+2.3 p.p.) and South Africa (+1.7 p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($2.4B) remains the largest avocado supplier worldwide, comprising 43% of global exports. The second position in the ranking was occupied by the Netherlands ($734M), with a 13% share of global exports. It was followed by Peru, with a 13% share.

In Mexico, avocado exports increased at an average annual rate of +13.4% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the Netherlands (+21.6% per year) and Peru (+23.1% per year).

Export Prices by Country

In 2018, the average avocado export price amounted to $2,308 per tonne, lowering by -22% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2017 when the average export price increased by 25% y-o-y. In that year, the average export prices for avocados attained their peak level of $2,960 per tonne, and then declined slightly in the following year.

Export prices varied noticeably by the country of origin; the country with the highest export price was Spain ($3,160 per tonne), while Kenya ($1,646 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by Chile, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, the amount of avocados imported worldwide stood at 2.4M tonnes, growing by 12% against the previous year. Overall, avocado imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2010 when imports increased by 25% against the previous year. Over the period under review, global avocado imports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, avocado imports amounted to $5.9B in 2018. Overall, avocado imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2011 with an increase of 32% year-to-year. Global imports peaked at $6.3B in 2017, and then declined slightly in the following year.

Imports by Country

The U.S. was the key importing country with an import of around 1M tonnes, which accounted for 43% of total imports. The Netherlands (258K tonnes) held the second position in the ranking, followed by France (144K tonnes), the UK (118K tonnes) and Spain (115K tonnes). All these countries together took near 26% share of total imports. Canada (93K tonnes), Germany (93K tonnes), Japan (74K tonnes) and China (54K tonnes) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +10.4% from 2007 to 2018. At the same time, China (+136.2%), the Netherlands (+16.0%), Spain (+15.1%), Germany (+14.6%), Canada (+13.5%), Japan (+9.8%), the UK (+9.1%) and France (+2.3%) displayed positive paces of growth. Moreover, China emerged as the fastest growing importer in the world, with a CAGR of +136.2% from 2007-2018. The U.S. (+29 p.p.), the Netherlands (+8.6 p.p.), Spain (+3.8 p.p.), the UK (+3 p.p.), Germany (+3 p.p.), Canada (+2.9 p.p.), China (+2.2 p.p.) and Japan (+2 p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($2.4B) constitutes the largest market for imported avocados worldwide, comprising 42% of global imports. The second position in the ranking was occupied by the Netherlands ($539M), with a 9.2% share of global imports. It was followed by France, with a 7% share.

In the U.S., avocado imports expanded at an average annual rate of +13.4% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the Netherlands (+17.1% per year) and France (+6.5% per year).

Import Prices by Country

The average avocado import price stood at $2,439 per tonne in 2018, dropping by -16.8% against the previous year. Over the last eleven year period, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2011 an increase of 23% year-to-year. Global import price peaked at $2,931 per tonne in 2017, and then declined slightly in the following year.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($3,414 per tonne), while Spain ($1,920 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Archives, Global Trade Daily, Imports/Exports

Global Vegetable Market 2019 – Resilient Growth of Potato Consumption in China and India Shapes Overall Market Trend

August 20th, 2019 IndexBox Leave a comment

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

The global vegetable market revenue amounted to $1,249.8B in 2018, picking up by 2.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.1% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010, with an increase of 8.1% against the previous year. Global vegetable consumption peaked in 2018, and is likely to continue its growth in the immediate term.

Production 2007-2018

Global vegetable production stood at 1,555M tonnes in 2018, jumping by 3.2% against the previous year. The total output volume increased at an average annual rate of +2.8% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period.

Exports 2007-2018

In 2018, approx. 47M tonnes of vegetables were exported worldwide; standing approx. at the previous year. The total export volume increased at an average annual rate of +1.7% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. In value terms, vegetable exports amounted to $42.3B (IndexBox estimates) in 2018.

Exports by Country

The Netherlands (6.1M tonnes), Mexico (5.8M tonnes), Spain (5.1M tonnes), China (4.3M tonnes), France (3.5M tonnes), Germany (2.7M tonnes) and the U.S. (2.4M tonnes) represented roughly 64% of total exports of vegetables in 2018. The following exporters – Canada (1.4M tonnes), Belgium (1.3M tonnes), India (1.2M tonnes), Egypt (1.1M tonnes) and Italy (864K tonnes) – together made up 13% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Mexico, while the other global leaders experienced more modest paces of growth.

In value terms, Spain ($6.7B), the Netherlands ($6.5B) and Mexico ($6.2B) constituted the countries with the highest levels of exports in 2018, together comprising 46% of global exports.

Export Prices by Country

The average vegetable export price stood at $899 per tonne in 2018, leveling off at the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2017, when the average export price increased by 6.6% against the previous year. In that year, the average export prices for vegetables reached their peak level of $910 per tonne, and then declined slightly in the following year.

Export prices varied noticeably by the country of origin; the country with the highest export price was Italy ($1,679 per tonne), while Germany ($342 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by Canada, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, approx. 47M tonnes of vegetables were imported worldwide; approximately mirroring the previous year. The total import volume increased at an average annual rate of +1.8% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2010, when imports increased by 7.2% year-to-year. Over the period under review, global vegetable imports attained their peak figure at 49M tonnes in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure. In value terms, vegetable imports totaled $41.9B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +2.7% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010, when imports increased by 17% year-to-year. Global imports peaked at $42.5B in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, the U.S. (7.4M tonnes), distantly followed by Germany (3.8M tonnes), the Netherlands (3.1M tonnes), Russia (2.2M tonnes) and the UK (2.2M tonnes) were the key importers of vegetables, together achieving 39% of total imports. The following importers – Belgium (1.9M tonnes), Canada (1.9M tonnes), France (1.9M tonnes), Malaysia (1.4M tonnes), Italy (1.2M tonnes), Spain (1.2M tonnes) and Indonesia (819K tonnes) – together made up 22% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the U.S., while the other global leaders experienced more modest paces of growth.

In value terms, the largest vegetable importing markets worldwide were the U.S. ($8.5B), Germany ($5.1B) and the UK ($3B), with a combined 40% share of global imports. These countries were followed by Canada, France, the Netherlands, Russia, Belgium, Italy, Spain, Malaysia and Indonesia, which together accounted for a further 30%.

Import Prices by Country

The average vegetable import price stood at $884 per tonne in 2018, approximately mirroring the previous year. Overall, the vegetable import price, however, continues to indicate a relatively flat trend pattern. There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was the UK ($1,367 per tonne), while Malaysia ($472 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Spain, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform