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Global Tomato Market 2019 – Robust Consumption Growth in China and India Drives the Global Market

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Archives, Global Trade Daily, Imports/Exports

Global Tomato Market 2019 – Robust Consumption Growth in China and India Drives the Global Market

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

The global tomato market revenue amounted to $190.4B in 2018, rising 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). The market value increased at an average annual rate of +3.1% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011, when the market value increased by 9.6% y-o-y. Over the period under review, the global tomato market reached its peak figure level at $196.1B in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Production 2007-2018

In 2018, the amount of tomatoes produced worldwide stood at 188M tonnes, rising by 3.5% against the previous year. The total output volume increased at an average annual rate of +2.9% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2009, with an increase of 9.8% against the previous year. Global tomato production peaked in 2018, and is likely to see steady growth in the immediate term. The general positive trend in terms of tomato output was largely conditioned by moderate growth of the harvested area and a mild increase in yield figures.

Exports 2007-2018

Global exports stood at 7.3M tonnes in 2018, therefore, remained relatively stable against the previous year. The total export volume increased at an average annual rate of +1.6% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations in certain years. In value terms, tomato exports totaled $9.7B (IndexBox estimates) in 2018.

Exports by Country

In 2018, Mexico (1.8M tonnes), distantly followed by the Netherlands (1.1M tonnes), Spain (797K tonnes), Morocco (550K tonnes) and Turkey (364K tonnes) represented the largest exporters of tomatoes, together constituting 63% of total exports. France (287K tonnes), Belgium (220K tonnes), the U.S. (216K tonnes), Canada (191K tonnes), Azerbaijan (172K tonnes), Lithuania (157K tonnes) and China (143K 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 Azerbaijan, while the other global leaders experienced more modest paces of growth.

In value terms, Mexico ($2.3B), the Netherlands ($1.9B) and Spain ($1.3B) constituted the countries with the highest levels of exports in 2018, together comprising 57% of global exports. Morocco, Canada, France, Turkey, the U.S., Belgium, Lithuania, Azerbaijan and China lagged somewhat behind, together comprising a further 32%.

Export Prices by Country

The average tomato export price stood at $1,326 per tonne in 2018, jumping by 4.7% against the previous year. Over the last eleven year period, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2010, when the average export price increased by 18% y-o-y. Over the period under review, the average export prices for tomatoes attained their maximum in 2018, and is expected to retain its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was Canada ($2,159 per tonne), while Turkey ($894 per tonne) was amongst the lowest.

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

Imports 2007-2018

In 2018, the amount of tomatoes imported worldwide stood at 6.8M tonnes, growing by 4.7% against the previous year. The total import volume increased at an average annual rate of +1.5% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. The growth pace was the most rapid in 2009, with an increase of 9.7% against the previous year. Over the period under review, global tomato imports reached their maximum at 7.2M tonnes in 2014; however, from 2015 to 2018, imports remained at a lower figure. In value terms, tomato imports amounted to $9B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +2.1% over the period 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 2010, when imports increased by 12% against the previous year. Over the period under review, global tomato imports reached their maximum at $9.3B in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. represented the key importer of tomatoes in the world, with the volume of imports finishing at 1.9M tonnes, which was approx. 27% of total imports in 2018. It was distantly followed by Germany (729K tonnes), Russia (578K tonnes), France (493K tonnes) and the UK (418K tonnes), together mixing up a 33% share of total imports. The Netherlands (230K tonnes), Canada (228K tonnes), Pakistan (182K tonnes), Poland (153K tonnes), Spain (147K tonnes) and Italy (129K tonnes) took a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to tomato imports into the U.S. stood at +5.1%. At the same time, Pakistan (+27.5%), Poland (+6.1%), Italy (+3.9%), the Netherlands (+1.6%) and Canada (+1.3%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest growing importer in the world, with a CAGR of +27.5% from 2007-2018. Germany, Russia, France, the UK and Spain experienced a relatively flat trend pattern. From 2007 to 2018, the share of the U.S. and Pakistan increased by +12% and +2.5% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($2.5B), Germany ($1.5B) and the UK ($700M) appeared to be the countries with the highest levels of imports in 2018, together comprising 52% of global imports. These countries were followed by France, Russia, Canada, the Netherlands, Poland, Italy, Spain and Pakistan, which together accounted for a further 29%.

Import Prices by Country

The average tomato import price stood at $1,331 per tonne in 2018, shrinking by -3.8% against the previous year. In general, the tomato import price, however, continues to indicate a relatively flat trend pattern. Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($2,017 per tonne), while Pakistan ($520 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

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Archives, Global Trade Daily, Imports/Exports

Global Cherry Market 2019: Chile Emerged As The Largest Exporter

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

The global cherry market revenue amounted to $12.3B in 2018, increasing by 11% 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 +3.8% 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 2016, when the market value increased by 18% against the previous year. Global cherry consumption peaked in 2018, and is expected to retain its growth in the immediate term.

Production 2007-2018

In 2018, the amount of cherries produced worldwide stood at 3.9M tonnes, going up by 4.2% against the previous year. The total output volume increased at an average annual rate of +2.1% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years.

Exports 2007-2018

In 2018, the global cherry exports amounted to 558K tonnes, declining by -3.2% against the previous year. In general, cherry exports, however, continue to indicate a strong expansion. In value terms, cherry exports stood at $2.1B (IndexBox estimates) in 2018. Over the period under review, cherry exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016, with an increase of 53% against the previous year. In that year, global cherry exports attained their peak of $2.8B. From 2017 to 2018, the growth of global cherry exports remained at a lower figure.

Exports by Country

In 2018, Chile (146K tonnes), distantly followed by the U.S. (87K tonnes), Turkey (60K tonnes), Uzbekistan (36K tonnes) and Spain (31K tonnes) represented the main exporters of cherries, together constituting 64% of total exports. Azerbaijan (24K tonnes), Greece (21K tonnes), Australia (19K tonnes), Moldova (15K tonnes), Italy (13K tonnes), Serbia (13K tonnes) and Poland (11K 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 Australia, while the other global leaders experienced more modest paces of growth.

In value terms, the largest cherry markets worldwide were Chile ($760M), the U.S. ($522M) and Turkey ($166M), with a combined 70% share of global exports. These countries were followed by Spain, Uzbekistan, Australia, Italy, Greece, Azerbaijan, Moldova, Serbia and Poland, which together accounted for a further 19%.

Export Prices by Country

In 2018, the average cherry export price amounted to $3,691 per tonne, lowering by -8% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +1.4%. There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was the U.S. ($5,986 per tonne), while Poland ($910 per tonne) was amongst the lowest.

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

Imports 2007-2018

In 2018, approx. 789K tonnes of cherries were imported worldwide; increasing by 30% against the previous year. Over the period under review, cherry imports continue to indicate a strong increase. In value terms, cherry imports amounted to $3.4B (IndexBox estimates) in 2018.

Imports by Country

China represented the key importing country with an import of around 324K tonnes, which resulted at 41% of total imports. Russia (92K tonnes) held a 12% share (based on tonnes) of total imports, which put it in second place, followed by China, Hong Kong SAR (11%) and Germany (5.9%). The following importers – Canada (28K tonnes), Kazakhstan (25K tonnes), South Korea (19K tonnes), Belarus (14K tonnes), Taiwan, Chinese (14K tonnes) and the U.S. (13K tonnes) – together made up 14% of total imports.

From 2007 to 2018, average annual rates of growth with regard to cherry imports into China stood at +49.3%. At the same time, Kazakhstan (+91.7%), Belarus (+29.9%), China, Hong Kong SAR (+23.6%), South Korea (+14.7%), Russia (+3.7%) and Taiwan, Chinese (+2.1%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest growing importer in the world, with a CAGR of +91.7% from 2007-2018. Germany and Canada experienced a relatively flat trend pattern.

By contrast, the U.S. (-1.6%) illustrated a downward trend over the same period. Belarus (-1.7%), South Korea (-1.9%), Kazakhstan (-3.2%), Russia (-3.8%), China, Hong Kong SAR (-9.5%) and China (-40.6%) significantly weakened 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, China ($1.8B) constitutes the largest market for imported cherries worldwide, comprising 52% of global imports. The second position in the ranking was occupied by China, Hong Kong SAR ($409M), with a 12% share of global imports. It was followed by South Korea, with a 4.6% share.

Import Prices by Country

In 2018, the average cherry import price amounted to $4,298 per tonne, remaining relatively unchanged against the previous year. Over the last eleven year period, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2016, when the average import price increased by 20% year-to-year. In that year, the average import prices for cherries attained their peak level of $4,492 per tonne. From 2017 to 2018, the growth in terms of the average import prices for cherries failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was South Korea ($8,002 per tonne), while Russia ($1,345 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

persimmon
Archives, Global Trade Daily, Imports/Exports

Persimmon Market in the Middle East – Key Insights

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

The revenue of the persimmon market in Middle East amounted to $75M in 2017, growing by 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The total market indicated a remarkable expansion from 2012 to 2017: its value increased at an average annual rate of +9.4% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

Based on 2017 figures, the persimmon consumption increased by +72.2% against 2012 indices. The most prominent rate of growth was recorded in 2013, when it surged by 32% year-to-year. Over the period under review, the persimmon market reached its peak figure level in 2017, and is likely to see steady growth in the immediate term.

Production in the Middle East

In 2017, the amount of persimmons produced in Middle East stood at 60K tonnes, growing by 2.4% against the previous year. The total output volume increased at an average annual rate of +4.4% from 2012 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.

Persimmon Exports

The exports totaled 7.6K tonnes in 2017, rising by 21% against the previous year. The persimmon exports continue to indicate a drastic decrease. In value terms, persimmon exports stood at $12M (IndexBox estimates) in 2017.

Exports by Country

Israel was the key exporting countries with an export of around 5.5K tonnes, which amounted to 72% of total exports. It was distantly followed by Iran (1.1K tonnes) and the United Arab Emirates (572 tonnes), together constituting 21% share of total exports. Lebanon (300 tonnes) held the minor share of total exports.

From 2012 to 2017, average annual rates of growth with regard to persimmon exports from Israel stood at -13.3%. At the same time, the United Arab Emirates (+285.1%) and Iran (+43.6%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest growing exporter in Middle East, with a CAGR of +285.1% from 2012-2017. By contrast, Lebanon (-30.0%) illustrated a downward trend over the same period. While the share of Israel (75%) and Lebanon (19%) increased significantly in terms of the global exports from 2012-2017, the share of the United Arab Emirates (-7.5%) and Iran (-11.7%) displayed negative dynamics.

In value terms, Israel ($11M) remains the largest persimmon supplier in Middle East, comprising 91% of global exports. The second position in the ranking was occupied by the United Arab Emirates ($406K), with a 3.5% share of global exports. It was followed by Iran, with a 3.2% share.

Export Prices by Country

In 2017, the persimmon export price in Middle East amounted to $1.5 per kg, increasing by 13% against the previous year. The the persimmon export price continues to indicate a relatively flat trend pattern.

Export prices varied noticeably by the country of destination; the country with the highest export price was Israel ($1.9 per kg), while Iran ($353 per tonne) was amongst the lowest.

From 2012 to 2017, the most notable rate of growth in terms of export prices was attained by Israel (+3.1% per year), while the other leaders experienced mixed trends in the export price figures.

Persimmon Imports

In 2017, persimmon imports in Middle East amounted to 9K tonnes, rising by 2.5% against the previous year. The persimmon imports continue to indicate a strong expansion. In value terms, persimmon imports stood at $13M (IndexBox estimates) in 2017.

Imports by Country

Saudi Arabia was the largest importer of persimmons in Middle East, with the volume of imports accounting for 3.9K tonnes, which was approx. 43% of total imports in 2017. Jordan (2.5K tonnes) held the second position in the ranking, followed by Palestine (1.9K tonnes). All these countries together occupied approx. 50% share of total imports. The following importers – the United Arab Emirates (255 tonnes) and Bahrain (193 tonnes) together made up 5% of total imports.

From 2012 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Bahrain (+55.3% per year), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($5.1M), Jordan ($3.7M) and Palestine ($2.7M) constituted the countries with the highest levels of imports in 2017, together comprising 92% of total imports. These countries were followed by the United Arab Emirates and Bahrain, which together accounted for a further 6.2%.

Import Prices by Country

In 2017, the persimmon import price in Middle East amounted to $1.4 per kg, coming down by -2.1% against the previous year. The import price indicated a strong increase from 2012 to 2017: its price increased at an average annual rate of +12.9% over the last five year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, the persimmon import price decreased by -3.8% against 2015 indices.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was the United Arab Emirates ($2 per kg), while Saudi Arabia ($1.3 per kg) was amongst the lowest.

From 2012 to 2017, the most notable rate of growth in terms of import prices was attained by Saudi Arabia (+23.0% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

frozen fruit
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European Frozen Fruit Market Posted Sixth Consecutive Year of Growth and Reached $5.3B in 2018

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

The revenue of the frozen fruit market in the European Union amounted to $5.3B in 2018, increasing by 2.3% 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 market value increased at an average annual rate of +3.0% 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 2010, with an increase of 10% y-o-y. Over the period under review, the frozen fruit market attained its maximum level in 2018, and is expected to retain its growth in the immediate term.

Production in the EU

In 2018, approx. 1.3M tonnes of frozen fruits were produced in the European Union; lowering by -2.8% against the previous year.

Exports in the EU

In 2018, frozen fruit exports in the European Union amounted to 783K tonnes, declining by -4.1% against the previous year. The total export volume increased at an average annual rate of +1.1% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, frozen fruit exports stood at $1.6B (IndexBox estimates) in 2018.

Exports by Country

Poland represented the major exporting country with an export of around 272K tonnes, which resulted at 35% of total exports. The Netherlands (117K tonnes) occupied the second position in the ranking, followed by Belgium (73K tonnes), Spain (65K tonnes) and Germany (48K tonnes). All these countries together occupied near 39% share of total exports. Italy (32K tonnes), Greece (29K tonnes), France (20K tonnes), Sweden (17K tonnes), Bulgaria (15K tonnes) and the UK (12K tonnes) took a relatively small share of total exports.

Poland experienced a relatively flat trend pattern of frozen fruits exports. At the same time, the Netherlands (+4.3%), Bulgaria (+4.2%), Spain (+4.1%), the UK (+3.6%), Germany (+3.6%), Italy (+2.9%), Sweden (+2.6%) and France (+1.8%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest growing exporter in the European Union, with a CAGR of +4.3% from 2007-2018. Belgium and Greece experienced a relatively flat trend pattern. From 2007 to 2018, the share of Germany, Spain and the Netherlands decreased by -1.9%, -3% and -5.5% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($489M) remains the largest frozen fruit supplier in the European Union, comprising 31% of total frozen fruit exports. The second position in the ranking was occupied by the Netherlands ($226M), with a 14% share of total exports. It was followed by Belgium, with a 9.8% share.

Export Prices by Country

In 2018, the frozen fruit export price in the European Union amounted to $2,009 per tonne, growing by 6.7% against the previous year. Over the period under review, the frozen fruit export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was Sweden ($2,908 per tonne), while Greece ($1,588 per tonne) was amongst the lowest. From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, approx. 1.2M tonnes of frozen fruits were imported in the European Union; remaining relatively unchanged against the previous year. The total import volume increased at an average annual rate of +1.3% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. In value terms, frozen fruit imports amounted to $2.4B (IndexBox estimates) in 2018.

Imports by Country

In 2018, Germany (323K tonnes), distantly followed by France (183K tonnes), the Netherlands (122K tonnes), Belgium (119K tonnes), Poland (98K tonnes) and the UK (79K tonnes) were the key importers of frozen fruits, together constituting 77% of total imports. The following importers – Italy (47K tonnes), Austria (46K tonnes), Sweden (37K tonnes), the Czech Republic (23K tonnes), Denmark (20K tonnes) and Lithuania (18K tonnes) – together made up 16% 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 Czech Republic, while the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fruit importing markets in the European Union were Germany ($566M), France ($382M) and Belgium ($233M), with a combined 49% share of total imports. The Netherlands, Poland, the UK, Austria, Italy, Sweden, Denmark, the Czech Republic and Lithuania lagged somewhat behind, together accounting for a further 42%.

Import Prices by Country

In 2018, the frozen fruit import price in the European Union amounted to $1,984 per tonne, jumping by 6.2% against the previous year. Over the period under review, the frozen fruit import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, an increase of 23% y-o-y. Over the period under review, the import prices for frozen fruits reached their maximum at $2,218 per tonne in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Sweden ($2,638 per tonne), while Germany ($1,752 per tonne) was amongst the lowest. From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

couscous
Archives, Global Trade Daily, Imports/Exports

EU Couscous Market 2019 – France is the Undisputed Leader in Consumption, Production, and Imports

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

The revenue of the couscous market in the European Union amounted to $538M in 2018, approximately equating 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% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2011 with an increase of 13% y-o-y. The level of couscous consumption peaked in 2018 and is likely to see steady growth in the near future.

Consumption By Country in the EU

France (143K tonnes) remains the largest couscous consuming country in the European Union, comprising approx. 43% of total consumption. Moreover, couscous consumption in France exceeded the figures recorded by the region’s second-largest consumer, Germany (53K tonnes), threefold. The third position in this ranking was occupied by Italy (25K tonnes), with a 7.5% share.

In France, couscous consumption remained relatively stable over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+7.7% per year) and Italy (+4.1% per year).

In value terms, France ($238M) led the market, alone. The second position in the ranking was occupied by the UK ($79M). It was followed by Germany.

In 2018, the highest levels of couscous per capita consumption was registered in France (2,198 kg per 1000 persons), followed by the Netherlands (690 kg per 1000 persons), Belgium (669 kg per 1000 persons) and Germany (640 kg per 1000 persons), while the world average per capita consumption of couscous was estimated at 654 kg per 1000 persons.

In France, couscous per capita consumption remained relatively stable over the period from 2007-2018. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the Netherlands (+5.7% per year) and Belgium (+5.3% per year).

Market Forecast 2019-2025 in the EU

Driven by increasing demand for couscous in the European Union, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.1% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 361K tonnes by the end of 2025.

Production in the EU

In 2018, the amount of couscous produced in the European Union stood at 333K tonnes, growing by 3.6% against the previous year. The total output 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 pace of growth was the most pronounced in 2016 with an increase of 8.3% against the previous year. Over the period under review, couscous production attained its peak figure volume in 2018 and is expected to retain its growth in the near future.

In value terms, couscous production stood at $509M in 2018 estimated in export prices. The total output value increased at an average annual rate of +1.5% from 2007 to 2018; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2011 with an increase of 9% against the previous year. The level of couscous production peaked in 2018 and is likely to continue its growth in the near future.

Production By Country in the EU

France (140K tonnes) remains the largest couscous producing country in the European Union, accounting for 42% of total production. Moreover, couscous production in France exceeded the figures recorded by the region’s second-largest producer, Italy (67K tonnes), twofold. The third position in this ranking was occupied by Germany (46K tonnes), with a 14% share.

In France, couscous production remained relatively stable over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: Italy (+6.4% per year) and Germany (+6.8% per year).

Exports in the EU

The exports stood at 77K tonnes in 2018, lowering by -8.1% against the previous year. The total exports indicated a remarkable expansion from 2007 to 2018: its volume increased at an average annual rate of +4.0% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of 18% against the previous year. The volume of exports peaked at 84K tonnes in 2017, and then declined slightly in the following year.

In value terms, couscous exports totaled $107M in 2018. The total export value increased at an average annual rate of +3.7% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 with an increase of 29% y-o-y. The level of exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

Italy represented the largest exporter of couscous in the European Union, with the volume of exports resulting at 44K tonnes, which was approx. 57% of total exports in 2018. It was distantly followed by France (23K tonnes), making up a 30% share of total exports. The following exporters – Belgium (2.8K tonnes), the UK (1.8K tonnes), the Netherlands (1.5K tonnes) and Germany (1.2K tonnes) – together made up 9.5% 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 the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the largest couscous markets in the European Union were Italy ($47M), France ($39M) and Belgium ($6.1M), together accounting for 86% of total exports. These countries were followed by the UK, the Netherlands and Germany, which together accounted for a further 9.2%.

In terms of the main exporting countries, the Netherlands experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The couscous export price in the European Union stood at $1,381 per tonne in 2018, surging by 12% against the previous year. Over the period under review, the couscous export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of 28% against the previous year. In that year, the export prices for couscous reached their peak level of $1,825 per tonne. From 2009 to 2018, the growth in terms of the export prices for couscous failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($2,524 per tonne), while Italy ($1,058 per tonne) was amongst the lowest.

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

Imports in the EU

In 2018, couscous imports in the European Union amounted to 77K tonnes, reducing by -12.7% against the previous year. Overall, couscous imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. Over the period under review, couscous imports attained their maximum at 89K tonnes in 2017, and then declined slightly in the following year.

In value terms, couscous imports stood at $106M in 2018. The total imports indicated a buoyant increase from 2007 to 2018: its value increased at an average annual rate of +5.9% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, couscous imports increased by +84.0% against 2010 indices. The pace of growth was the most pronounced in 2011 with an increase of 27% year-to-year. Over the period under review, couscous imports attained their peak figure at $108M in 2017, and then declined slightly in the following year.

Imports by Country

France was the key importer of couscous in the European Union, with the volume of imports reaching 26K tonnes, which was near 34% of total imports in 2018. It was distantly followed by the UK (11K tonnes), Belgium (8.7K tonnes), Germany (7.8K tonnes), Spain (5.1K tonnes) and the Netherlands (3.5K tonnes), together comprising a 47% share of total imports. The Czech Republic (2.8K tonnes) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to couscous imports into France stood at +2.8%. At the same time, the Czech Republic (+17.9%), Germany (+14.8%), the UK (+8.9%), Spain (+6.6%), Belgium (+5.5%) and the Netherlands (+4.7%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer in the European Union, with a CAGR of +17.9% from 2007-2018. While the share of the UK (+8.7 p.p.), France (+8.7 p.p.), Germany (+7.9 p.p.), Belgium (+5 p.p.), Spain (+3.3 p.p.), the Czech Republic (+3 p.p.) and the Netherlands (+1.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($35M) constitutes the largest market for imported couscous in the European Union, comprising 33% of total couscous imports. The second position in the ranking was occupied by Belgium ($15M), with a 14% share of total imports. It was followed by the UK, with a 12% share.

In France, couscous imports increased at an average annual rate of +5.3% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (+6.0% per year) and the UK (+8.7% per year).

Import Prices by Country

In 2018, the couscous import price in the European Union amounted to $1,369 per tonne, rising by 13% against the previous year. Over the last eleven years, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2008 when the import price increased by 30% y-o-y. In that year, the import prices for couscous reached their peak level of $1,572 per tonne. From 2009 to 2018, the growth in terms of the import prices for couscous remained 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 the Netherlands ($1,837 per tonne), while the Czech Republic ($1,109 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

onion and shallot market
Archives, Global Trade Daily, Imports/Exports

Global Onion And Shallot Market: Despite Slight Decrease In Imports, U.S. Remains Most Promising Market

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

The global onion and shallot market revenue amounted to $43.1B in 2018, going up by 4.5% 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 +3.1% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2010, when the market value increased by 12% against the previous year. Global onion and shallot consumption peaked in 2018, and is likely to continue its growth in the immediate term.

Production 2007-2018

In 2018, the global onion and shallot production amounted to 106M tonnes, picking up by 3.2% 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 somewhat noticeable fluctuations being observed throughout the analyzed period.

Exports 2007-2018

In 2018, approx. 6.6M tonnes of onion and shallots were exported worldwide; surging by 4.6% against the previous year. Over the period under review, onion and shallot exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, when exports increased by 23% against the previous year. Global exports peaked at 7.4M tonnes in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

In value terms, onion and shallot exports totaled $2.9B (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +1.1% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2010, with an increase of 38% against the previous year. Global exports peaked at $3.4B in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, the Netherlands (1.5M tonnes), distantly followed by India (691K tonnes), China (575K tonnes), Spain (437K tonnes), Mexico (400K tonnes), Egypt (383K tonnes) and the U.S. (360K tonnes) represented the largest exporters of onion and shallots, together achieving 67% of total exports. Peru (194K tonnes), Poland (182K tonnes), France (170K tonnes), Germany (136K tonnes) and New Zealand (134K tonnes) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to onion and shallot exports from the Netherlands stood at +4.4%. At the same time, Peru (+8.7%), France (+8.0%), Germany (+6.4%), Poland (+5.1%), Spain (+5.1%), the U.S. (+3.1%), Mexico (+3.0%) and Egypt (+2.6%) displayed positive paces of growth. Moreover, Peru emerged as the fastest growing exporter in the world, with a CAGR of +8.7% from 2007-2018. China experienced a relatively flat trend pattern. By contrast, India (-1.4%) and New Zealand (-3.3%) illustrated a downward trend over the same period. While the share of India (1.7%) increased significantly in terms of the global exports from 2007-2018, the share of the U.S. (-1.5%), Mexico (-1.7%), Peru (-1.8%), Spain (-2.8%) and the Netherlands (-8.7%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($676M), Mexico ($378M) and the U.S. ($232M) were the countries with the highest levels of exports in 2018, with a combined 44% share of global exports. These countries were followed by Spain, India, China, Egypt, Peru, Poland, France, Germany and New Zealand, which together accounted for a further 40%.

Export Prices by Country

The average onion and shallot export price stood at $446 per tonne in 2018, picking up by 7.1% against the previous year. In general, the onion and shallot export price continues to indicate a modest expansion. Export prices varied noticeably by the country of origin; the country with the highest export price was Mexico ($943 per tonne), while India ($310 per tonne) was amongst the lowest.

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

Imports 2007-2018

Global imports stood at 7.2M tonnes in 2018, going down by -3% against the previous year. The total import volume increased at an average annual rate of +1.7% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. In value terms, onion and shallot imports stood at $3B (IndexBox estimates) in 2018.

Imports by Country

In 2018, the U.S. (625K tonnes) and Malaysia (545K tonnes) were the major importers of onion and shallotsaround the world, together resulting at near 16% of total imports. The United Arab Emirates (302K tonnes), Japan (295K tonnes), Russia (293K tonnes), the UK (273K tonnes), Sri Lanka (263K tonnes), the Netherlands (263K tonnes), Bangladesh (262K tonnes), Saudi Arabia (211K tonnes), Germany (210K tonnes) and Canada (186K 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 Bangladesh, while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($445M) constitutes the largest market for imported onion and shallots worldwide, comprising 15% of global imports. The second position in the ranking was occupied by Malaysia ($181M), with a 6.1% share of global imports. It was followed by Canada, with a 5% share.

Import Prices by Country

In 2018, the average onion and shallot import price amounted to $411 per tonne, jumping by 4.5% against the previous year. In general, the onion and shallot 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 Canada ($803 per tonne), while Bangladesh ($216 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

lemon
Archives, Global Trade Daily, Imports/Exports

Global Lemon & Lime Market 2019 – South Africa Overcomes Argentina In The Top-Exporter Ranking

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

The global lemon and lime market revenue amounted to $18.3B in 2018, going up by 6.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

The market value increased at an average annual rate of +3.2% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008, with an increase of 16% year-to-year. Over the period under review, the global lemon and lime market attained its maximum level in 2018, and is expected to retain its growth in the immediate term.

Production 2007-2018

In 2018, the global lemon and lime production totaled 17M tonnes, remaining constant against the previous year. Over the period under review, lemon and lime production continues to indicate a relatively flat trend pattern.

Exports 2007-2018

Global exports stood at 3.1M tonnes in 2018, growing by 1.9% against the previous year. The total export volume increased at an average annual rate of +3.5% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. In value terms, lemon and lime exports stood at $3.4B (IndexBox estimates) in 2018. Over the period under review, the total exports indicated a strong growth from 2007 to 2018: its value increased at an average annual rate of +3.5% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

Based on 2018 figures, the lemon and lime exports increased by +69.5% against 2012 indices. The most prominent rate of growth was recorded in 2008, with an increase of 21% year-to-year. Global exports peaked in 2018, and are expected to retain its growth in the immediate term.

Exports by Country

Mexico (718K tonnes), Spain (529K tonnes), Turkey (465K tonnes), South Africa (315K tonnes) and Argentina (269K tonnes) represented roughly 74% of total exports of lemons and limes in 2018. The following exporters – the U.S. (116K tonnes), Brazil (97K tonnes), Chile (88K tonnes), the Netherlands (73K tonnes) and Germany (69K tonnes) – together made up 14% 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 Germany, while the other global leaders experienced more modest paces of growth. In value terms, the largest lemon and lime markets worldwide were Spain ($783M), Mexico ($678M) and Turkey ($341M), with a combined 54% share of global exports. South Africa, Argentina, the U.S., Chile, the Netherlands, Germany and Brazil lagged somewhat behind, together accounting for a further 35%.

Export Prices by Country

In 2018, the average lemon and lime export price amounted to $1,083 per tonne, going up by 5% against the previous year. Over the last eleven years, it increased at an average annual rate of +2.8%. Export prices varied noticeably by the country of origin; the country with the highest export price was the U.S. ($1,748 per tonne), while Turkey ($735 per tonne) was amongst the lowest. From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, approx. 3M tonnes of lemons and limes were imported worldwide; stabilizing at the previous year. The total import volume increased at an average annual rate of +2.6% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, lemon and lime imports totaled $3B (IndexBox estimates) in 2018.

Imports by Country

The U.S. represented the key importer of lemons and limes in the world, with the volume of imports finishing at 731K tonnes, which was near 25% of total imports in 2018. Russia (222K tonnes) occupied the second position in the ranking, followed by the Netherlands (209K tonnes), France (190K tonnes) and Iraq (141K tonnes). All these countries together held near 26% share of total imports. Spain (115K tonnes), Saudi Arabia (100K tonnes), Germany (87K tonnes), the UK (84K tonnes), Canada (82K tonnes), the United Arab Emirates (75K tonnes) and Italy (70K tonnes) followed a long way behind the leaders. From 2007 to 2018, average annual rates of growth with regard to lemon and lime imports into the U.S. stood at +4.9%.

At the same time, Spain (+9.2%), Iraq (+8.8%), the United Arab Emirates (+5.6%), the Netherlands (+5.4%), France (+4.2%), Canada (+3.2%) and Saudi Arabia (+3.1%) displayed positive paces of growth. Moreover, Spain emerged as the fastest growing importer in the world, with a CAGR of +9.2% from 2007-2018. Russia experienced a relatively flat trend pattern. By contrast, the UK (-1.3%), Italy (-2.3%) and Germany (-4.3%) illustrated a downward trend over the same period. Germany (1.8%) significantly strengthened its position in terms of the global imports, while France, Spain, Iraq, the Netherlands and the U.S. saw its share reduced by -2.3%, -2.4%, -2.9%, -3.1% and -10.1% from 2007 to 2018, respectively.

The shares of the other countries remained relatively stable throughout the analyzed period. In value terms, the U.S. ($652M) constitutes the largest market for imported lemons and limes worldwide, comprising 22% of global imports. The second position in the ranking was occupied by France ($270M), with a 9.1% share of global imports. It was followed by the Netherlands, with a 6.6% share.

Import Prices by Country

The average lemon and lime import price stood at $1,003 per tonne in 2018, waning by -11.6% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +2.0%. There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was Germany ($1,734 per tonne), while Iraq ($324 per tonne) was amongst the lowest. From 2007 to 2018, the most notable rate of growth in terms of import 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

Margarine Market in the Middle East – Trends, Analysis and Forecast

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

The revenue of the margarine and shortening market in Middle East amounted to $1.1B in 2017, growing by 11% 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 +2.8% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2011, with an increase of 37% y-o-y. In that year, the margarine and shortening market attained its peak level of $1.4B. From 2012 to 2017, the growth of the margarine and shortening market remained at a somewhat lower figure.

Production in the Middle East

In 2017, approx. 837K tonnes of margarine and shortening were produced in Middle East; growing by 2.4% against the previous year. The margarine and shortening production continues to indicate a relatively flat trend pattern.

Exports in the Middle East

In 2017, exports of margarine and shortening in Middle East amounted to 165K tonnes, coming down by -22.4% against the previous year. Overall, the total exports indicated a modest expansion over the last decade, increasing at an average annual rate of +1.9% from 2007 to 2017. In value terms, margarine and shortening exports stood at $183M (IndexBox estimates) in 2017.

Exports by Country

Turkey prevails in margarine and shortening exports structure, recording 141K tonnes, which was approx. 85% of total exports in 2017. It was distantly followed by Oman (13K tonnes), achieving 7.6% share of total exports. The United Arab Emirates (7.1K tonnes) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +2.3% from 2007 to 2017. At the same time, Oman (+22.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest growing exporter in Middle East, with a CAGR of +22.5% from 2007-2017. By contrast, the United Arab Emirates (-5.4%) illustrated a downward trend over the same period. From 2007 to 2017, the share of the United Arab Emirates increased by 3.1% percentage points, while Oman (-6.6%) and Turkey (-17.6%) saw their share reduced.

In value terms, Turkey ($149M) remains the largest margarine and shortening supplier in Middle East, comprising 82% of global exports. The second position in the ranking was occupied by Oman ($15M), with a 8.1% share of global exports.

Export Prices by Country

The margarine and shortening export price in Middle East stood at $1.1 per kg in 2017, increasing by 7.4% against the previous year. The the margarine and shortening export price continues to indicate a relatively flat trend pattern.

Average export prices varied somewhat amongst the major exporting countries. In 2017, the country with the highest export price was the United Arab Emirates ($1.5 per kg), while Turkey ($1.1 per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+3.4% per year), while the other leaders experienced mixed trends in the export price figures.

Imports in the Middle East

In 2017, the amount of margarine and shortening imported in Middle East totaled 353K tonnes, waning by -5.1% against the previous year. The total imports indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +5.9% over the last decade. In value terms, margarine and shortening imports totaled $411M (IndexBox estimates) in 2017.

Imports by Country

In 2017, Iraq (99K tonnes), distantly followed by Saudi Arabia (64K tonnes), Syrian Arab Republic (41K tonnes), Turkey (38K tonnes), Iran (32K tonnes), the United Arab Emirates (21K tonnes) and Lebanon (16K tonnes) were the key importers of margarine and shortening, together comprising 88% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Lebanon (+19.4% per year), while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the margarine and shortening import price in Middle East amounted to $1.2 per kg, jumping by 4.7% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +1.3%.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Turkey ($1.4 per kg) and the United Arab Emirates ($1.4 per kg), while Iraq ($965 per tonne) and Syrian Arab Republic ($1 per kg) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the United Arab Emirates (+4.0% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Archives, Global Trade Daily, International Trade

Animal Fats and Oils Market in Latin America and the Caribbean – Key Insights

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

The revenue of the animal fats market in Latin America and the Caribbean amounted to $770M in 2018, lowering by -7.8% 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). Over the period under review, animal fats consumption continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2016, with an increase of 4.2% against the previous year. The level of animal fats consumption peaked at $1.2B in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Production in Latin America and the Caribbean

In 2018, approx. 206K tonnes of animal fats and oils were produced in Latin America and the Caribbean; falling by -2.6% against the previous year.

Exports in Latin America and the Caribbean

The exports amounted to 8.9K tonnes in 2018, rising by 49% against the previous year. The total exports indicated a remarkable increase from 2014 to 2018: its volume increased at an average annual rate of +13.9% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the animal fats exports increased by +85.0% against 2016 indices.

In value terms, animal fats exports totaled $45M (IndexBox estimates) in 2018.

Exports by Country

The exports of the three major exporters of animal fats and oils, namely Chile, Peru and El Salvador, represented more than half of total export. Colombia (1K tonnes) ranks next in terms of the total exports with a 12% share, followed by Argentina (11%), Brazil (6.8%) and Honduras (6.2%).

From 2014 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Peru (+343.2% per year), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($28M) remains the largest animal fats supplier in Latin America and the Caribbean, comprising 63% of total animal fats exports. The second position in the ranking was occupied by Colombia ($9.1M), with a 20% share of total exports. It was followed by Peru, with a 8.9% share.

Export Prices by Country

The animal fats export price in Latin America and the Caribbean stood at $5,093 per tonne in 2018, approximately mirroring the previous year. Over the period under review, the animal fats export price, however, continues to indicate a deep downturn.

Export prices varied noticeably by the country of origin; the country with the highest export price was Chile ($13,793 per tonne), while Honduras ($433 per tonne) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of export prices was attained by Chile, while the other leaders experienced mixed trends in the export price figures.

Imports in Latin America and the Caribbean

In 2018, approx. 4K tonnes of animal fats and oils were imported in Latin America and the Caribbean; surging by 14% against the previous year. The total imports indicated a strong increase from 2014 to 2018: its volume increased at an average annual rate of +11.0% over the last four year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the animal fats imports increased by +51.8% against 2014 indices.

In value terms, animal fats imports amounted to $6.2M (IndexBox estimates) in 2018.

Imports by Country

Guatemala (1.5K tonnes) and Chile (1.4K tonnes) dominates animal fats imports structure, together generating 72% of total imports. El Salvador (342 tonnes) ranks next in terms of the total imports with a 8.5% share, followed by Mexico (6.3%). Belize (153 tonnes), Colombia (87 tonnes) and Guyana (65 tonnes) occupied a little share of total imports.

From 2014 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Belize (+91.2% per year), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($2M), Guatemala ($1.3M) and Mexico ($580K) were the countries with the highest levels of imports in 2018, together accounting for 63% of total imports. El Salvador, Colombia, Belize and Guyana lagged somewhat behind, together comprising a further 13%.

Import Prices by Country

The animal fats import price in Latin America and the Caribbean stood at $1,539 per tonne in 2018, lowering by -2.1% against the previous year. In general, the animal fats import price continues to indicate a relatively flat trend pattern.

Import prices varied noticeably by the country of destination; the country with the highest import price was Colombia ($3,221 per tonne), while El Salvador ($872 per tonne) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of import prices was attained by Mexico, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

Archives, Global Trade Daily, Imports/Exports

Sausage Market in the USA – Key Insights

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IndexBox has just published a new report, the U.S. Sausage, Canned Meat, And Meat By-Product Market. Analysis And Forecast to 2025. Here is a summary of the report’s key findings.

The revenue of the sausage market in the U.S. amounted to $4B in 2018, dropping by -7.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

Overall, sausage consumption continues to indicate an abrupt reduction. The pace of growth was the most pronounced in 2014, when the market value increased by -0.8% y-o-y. Over the period under review, the sausage market reached its peak figure level at $6B in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Sausage Exports

Exports from the USA

In 2018, the amount of sausage, canned meat, and meat by-product exported from the U.S. stood at 852K tonnes, growing by 15% against the previous year. Overall, the total exports indicated a prominent expansion from 2013 to 2018: its volume increased at an average annual rate of +4.4% over the last five year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the sausage exports increased by +64.3% against 2015 indices.

In value terms, sausage exports totaled $527M (IndexBox estimates) in 2018.

Exports by Country

Indonesia (216K tonnes), Singapore (160K tonnes) and China (84K tonnes) were the main destinations of sausage exports from the U.S., with a combined 54% share of total exports.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Singapore (+763.0% per year), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($111M), Indonesia ($105M) and China ($58M) appeared to be the largest markets for sausage exported from the U.S. worldwide, together comprising 52% of total exports.

Export Prices by Country

The average sausage export price stood at $618 per tonne in 2018, reducing by -8.2% against the previous year. In general, the sausage export price continues to indicate a moderate slump. The growth pace was the most rapid in 2017, an increase of 6.6% year-to-year. Over the period under review, the average export prices for sausage, canned meat, and meat by-product reached their peak figure at $697 per tonne in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

There were significant differences in the average export prices for the major foreign markets. In 2018, the country with the highest export price was Honduras ($901 per tonne), while the average price for exports to the Philippines ($419 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to the UK (+13.3% per year), while the export prices for the other major destinations experienced more modest paces of growth.

Sausage Imports

Imports into the USA

Sausage imports into the U.S. stood at 258K tonnes in 2018, jumping by 26% against the previous year.

In value terms, sausage imports stood at $533M (IndexBox estimates) in 2018.

Imports by Country

In 2018, Australia (99K tonnes) constituted the largest supplier of sausage to the U.S., accounting for a 38% share of total imports. Moreover, sausage imports from Australia exceeded the figures recorded by the second largest supplier, New Zealand (46K tonnes), twofold. China (22K tonnes) ranked third in terms of total imports with a 8.6% share.

From 2013 to 2018, the average annual growth rate of volume from Australia amounted to +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-5.7% per year) and China (+22.3% per year).

In value terms, China ($135M), Australia ($121M) and New Zealand ($99M) appeared to be the largest sausage suppliers to the U.S., with a combined 67% share of total imports. Brazil, France, Belgium, India, Canada, Denmark, Italy and Chile lagged somewhat behind, together accounting for a further 22%.

Import Prices by Country

In 2018, the average sausage import price amounted to $2.1 per kg, going up by 10% against the previous year. Over the last five year period, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2018, an increase of 10% year-to-year. In that year, the average import prices for sausage, canned meat, and meat by-product reached their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was China ($6.1 per kg), while the price for Canada ($506 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by Belgium (+21.0% per year), while the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

Darling Ingredients, Griffin Industries, Baker Commodities, R U K Ltd, Neatsfoot Oil Refineries Corp, Geo. Pfau’s Sons Company, Inland Products, Hrr Enterprises, Ace Grease Service, Texas By-Products Partnership, Park West Enterprises, Tallowmasters, Kruger Commodities, Mendota Agri-Products, Riegel By-Products Co, Valley By Products, Marine Polymer Technologies, Kane-Miller Corp, Sanimax Ato, Hahn & Phillips Grease Company, Nupro Industries Corporation, W B Riggins Tallow Co, H.T.C. Industries, North State Rendering, Co., Nevada Byproducts, Istamer, Simmons Feed Ingredients

Source: IndexBox AI Platform