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Indian Pimenta Pepper Exports Hit Record $1.1B

pimenta
Archives, Global Trade Daily, News

Indian Pimenta Pepper Exports Hit Record $1.1B

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

India remains the largest pimenta pepper exporter worldwide, comprising near half of the global exports. Last year, India managed to strengthen its leading position, with pimenta pepper exports skyrocketing to over 500K tonnes, or $1.1B. China was the key importer of Indian pepper, accounting for 32% of the total volume. The average export price for pimenta pepper from India jumped by +16% y-o-y in 2020.

Pimenta Pepper Exports from India

India ranks first among the world’s largest pimenta pepper exporters. Indian supplies abroad account for 51% of global pimenta pepper exports in physical terms.

In 2020, the amount of pimenta pepper exported from India expanded rapidly to 513K tonnes, increasing by +12% on the previous year. In value terms, pimenta pepper exports skyrocketed by +29.6% y-o-y to $1.1B (IndexBox estimates) in 2020.

China (163K tonnes) remains the main destination for pimenta pepper exports from India, with a 32% share of total exports. Moreover, pimenta pepper exports to China exceeded the volume sent to the second major destination, Bangladesh (66K tonnes), twofold. The third position in this ranking was occupied by Thailand (54K tonnes), with a 10% share.

In 2020, the volume of supplies to China increased by +8.8% y-o-y. Thailand saw the most prominent growth rate in terms of volume of purchases from India in 2020.

In value terms, China ($387M) remains the key foreign market for pimenta pepper exports from India, comprising 35% of total exports. The second position in the ranking was occupied by Thailand ($122M), with an 11% share of total exports. It was followed by Bangladesh, with a 9.5% share.

The average pimenta pepper export price stood at $2,147 per tonne in 2020, increasing by +16% against the previous year. There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the U.S. ($2,671 per tonne), while the average price for exports to Bangladesh ($1,586 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform

plantain imports
Archives, Global Trade Daily, News

Global Plantain Imports Reduce but European and American Purchases Ramp Up

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

Global plantain imports continue a two-year downward trend, decreasing by -15.1% y-o-y to 958K tonnes in 2020. While El Salvador, the second-largest importer worldwide, reduces the purchases from abroad, American and European imports steadily grow. In physical terms, supplies to the U.S. jumped by +7.6% y-o-y to 406K tonnes. European imports increased by +1.2% y-o-y, reaching 274K tonnes last year. In 2020, the average plantain import price rose slightly by +1.8% y-o-y.

Global Plantain Imports by Country

For the third consecutive year, the global market recorded decline in overseas purchases of plantains, which decreased by -15.1% y-o-y to 958K tonnes in 2020. In value terms, plantain imports declined to $628M (IndexBox estimates) in 2020.

In value terms, the U.S. ($250M) constitutes the largest market for imported plantains worldwide, comprising 40% of global imports. The second position in the ranking was occupied by the Netherlands ($52M), with an 8.3% share of global imports. It was followed by Spain, with a 6.2% share.

The U.S. was the major importing country with an import of about 406K tonnes, which resulted at 42% of total imports. El Salvador (76K tonnes) ranks second in terms of the total imports with a 7.9% share, followed by the UK (5.8%), Spain (5.3%), the Netherlands (5.1%) and Romania (4.5%). The following importers – Italy (39K tonnes), France (35K tonnes), North Macedonia (30K tonnes), Belgium (29K tonnes), Hungary (27K tonnes), Canada (26K tonnes) and Senegal (20K tonnes) – together made up 21% of total imports.

In physical terms, imports into the U.S. increased by +7.6% y-o-y in 2020. At the same time, Belgium (+76.9%), Spain (+68.8%), Italy (+47.6%), France (+30.6%), North Macedonia (+20.2%), Canada (+14.4%) and the UK (+7.3%) displayed positive paces of growth. Belgium emerged as the fastest-growing importer in 2020. By contrast, El Salvador (-1.4%), Romania (-8.0%), the Netherlands (-9.2%), Hungary (-10.9%) and Senegal (-44.0%) illustrated a downward trend over the same period.

European plantain imports grew by +1.2% y-o-y to 274K tonnes in 2020. In value terms, imports in the EU rose by +1.4% y-o-y, reaching $224M in 2020.

In 2020, the average plantain import price amounted to $655 per tonne, picking up by +1.8% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands, while El Salvador was amongst the lowest.

Source: IndexBox Platform

lentils
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Global Lentil Imports Soar to $1.7B

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

Global lentil imports picked up by +25% y-o-y to $1.7B in 2020. India, Turkey and Pakistan remain the largest lentil importers worldwide, accounting for 37% of global import volume. Last year, Egypt, Turkey, Pakistan, Italy, Germany, India, Canada and the U.S. recorded the highest increases in the import volume of lentils. The average lentil import price rose by +19% y-o-y in 2020. Canada and Australia keep leading positions in global lentil exports. 

Global Lentil Imports by Country

In 2020, global imports of lentils stood at 2.9M tonnes, increasing by +4.9% against the previous year’s figure. In value terms, lentil imports skyrocketed +25.1% y-o-y to $1.7B (IndexBox estimates) in 2020.

India represented the major importing country with an import of about 1.1M tonnes, which resulted in 37% of total imports. Turkey (630K tonnes) held the second position in the ranking, distantly followed by Pakistan (194K tonnes) and Sri Lanka (178K tonnes). All these countries together held approx. 35% share of total imports. Canada (103K tonnes), Egypt (86K tonnes), the U.S. (72K tonnes), Italy (62K tonnes), Spain (59K tonnes) and Germany (43K tonnes) followed a long way behind the leaders.

In 2020, lentil imports in Egypt grew nearly twofold, while in Turkey, Pakistan, and Italy, the annual growth rate overcame the 50% figure; Germany and India also posted tangible double-digit growth.

In value terms, the largest lentil importers worldwide were India ($581M), Turkey ($312M) and Pakistan ($104M), with a combined 59% share of global imports.

In 2020, the average lentil import price amounted to $591 per tonne, growing by +19% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Germany, while Turkey was amongst the lowest. In 2020, 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.

Major Suppliers of Lentils

Canada was the key exporter of lentils in the world, with the volume of exports resulting at 3.1M tonnes, which was near 67% of total exports in 2020. It was distantly followed by Australia (661K tonnes), Turkey (406K tonnes) and the U.S. (329K tonnes), together making up a 30% share of total exports.

In value terms, Canada ($1.7B) remains the largest lentil supplier worldwide, comprising 63% of global exports. The second position in the ranking was occupied by Australia ($349M), with a 13% share of global exports. It was followed by Turkey, with a 12% share.

Source: IndexBox Platform

duck meat
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Global Duck and Goose Meat Imports Grow Steadily with Increasing Demand in the EU

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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.

In 2020, global duck and goose meat imports increased by +3.3% y-o-y to 268K tonnes and reached $1.1B in value terms. Germany and Hong Kong constitute the largest importers of these products worldwide. In 2020, Spain, Denmark, Belgium and the Netherlands saw the highest spikes in imports in physical terms. Over the last year, the average duck and goose meat import price rose by +6.5% y-o-y. Hungary, China, Poland and France are the key suppliers worldwide, with a combined 66%-share of the global export volume.

Global Duck and Goose Meat Imports

In 2020, approx. 268K tonnes of duck and goose meat were imported worldwide; picking up by +3.3% against the year before. In value terms, duck and goose meat imports expanded markedly to $1.1B (IndexBox estimates) in 2020.

Germany (67K tonnes) and Hong Kong SAR (46K tonnes) represented the major importers of duck and goose meat in 2020, finishing at near 25% and 17% of total imports, respectively. France (22K tonnes) took the next position in the ranking, followed by the UK (14K tonnes) and the Czech Republic (13K tonnes). All these countries together held approx. 18% share of total imports. The following importers – Belgium (9.9K tonnes), Spain (9.2K tonnes), Denmark (7.3K tonnes), Japan (7.1K tonnes), Austria (5.9K tonnes), Slovakia (4.5K tonnes) and the Netherlands (4.5K tonnes) – together made up 18% of total imports.

In 2020, Spain saw the highest spike (+25% y-o-y) in imports. Denmark (+19%y-o-y), Belgium (+10% y-o-y), the Netherlands (+5% y-o-y) moderately increased their purchases from abroad.

In value terms, Germany ($291M), France ($146M) and Hong Kong SAR ($103M) constituted the countries with the highest levels of imports in 2020, together accounting for 47% of global imports. These countries were followed by Belgium, Japan, the UK, Spain, the Czech Republic, Denmark, the Netherlands, Austria and Slovakia, which together accounted for a further 32%.

The average duck and goose meat import price stood at $4,257 per tonne in 2020, rising by +6.5% against the previous year. In 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Major Suppliers of Duck and Goose Meat Worldwide

In 2020, Hungary (65K tonnes), China (47K tonnes), Poland (42K tonnes) and France (38K tonnes) was the key exporter of duck and goose meat in the world, mixing up 66% of total export. It was distantly followed by Germany (14K tonnes), making up a 4.7% share of total exports. The Netherlands (13K tonnes), Bulgaria (12K tonnes), the UK (8.1K tonnes), Thailand (5.4K tonnes), Belgium (5K tonnes) and the U.S. (4.9K tonnes) held a little share of total exports.

In value terms, the largest duck and goose meat supplying countries worldwide were Hungary ($283M), France ($262M) and Poland ($147M), together accounting for 58% of global exports. China, Bulgaria, Belgium, Germany, the Netherlands, Thailand, the UK and the U.S. lagged somewhat behind, together accounting for a further 33%.

Source: IndexBox Platform

sugar
Archives, Global Trade Daily, Imports/Exports

Global Sugar Production to Grow Tangibly This Year, Keeping Prices Stable

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

This year, world sugar production is expected to rise by 3% to 193M tonnes. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.

Key Trends and Insights

According to IndexBox estimates based on USDA data, global sugar production will increase by +3% y-o-y to 193M tonnes in 2021, driven by high demand from China and India. The economy’s gradual recovery after the pandemic and the relative normalization of the catering and food service sector are contributing to the growth of worldwide demand.

Sugar production in the U.S. will remain at its 2020 rate to the end of this year and will amount to 8.7M tonnes. Strong growth in America’s sugar beet crop should offset the expected decline in sugar cane production in Louisiana.

Due to a prolonged drought, the sugarcane crop in Mexico may decline slightly to 7.5M tonnes, while in Australia favorable weather conditions will boost production by +1.5% y-o-y to 4.6M tonnes.

Production in Brazil will fall by -5% y-o-y to 26M tonnes due to dry weather and wildfires, as well as the decrease in sugar cane planted in favor of soybeans and corn.

An increase in harvest compared to last year is expected in Guatemala (by +3% to 3.1M tonnes), India (by +3% to 36M tonnes), Indonesia (by +3% to 2.3M tonnes), Pakistan (by +14%to 6.6M tonnes), Thailand (by +39% to 25M tonnes), and Russia (by +6% to 7.5M tonnes).

In the EU, sugar production is forecasted to increase by +7% to 19M tonnes this year. This will most likely be facilitated by the removal of bans on the use of neonicotinoids in France and Germany. Sugar beet seeds will be allowed to be coated with the substance to protect against the yellow beet virus, which would ensure high yields. In the UK, the approval to use neonicotinoids should increase yields by +11% to 1.2M tonnes.

Global sugar exports will increase by +2.6% to 39M tonnes. A decrease in exports from Brazil will be offset by growth in supplies from Thailand. Russian sugar exports are expected to decline by approx. 390K tonnes due to decreases in shipments to Kazakhstan and Uzbekistan amid falling demand for imported sugar in these countries.

According to USDA forecasts, global sugar prices in the current year and the first half of 2022 will remain stable at $0.44 per kg. This will be due to an increase in the sugar supply on the world market, despite the decline in production in some above-mentioned countries.

Global Sugar Exports by Country

In 2020, global exports of sugar skyrocketed to 35M tonnes, increasing by +23% compared with 2019 figures. In value terms, sugar exports rose remarkably to $10.4B in 2020.

Brazil prevails in sugar export structure, amounting to 27M tonnes, which was approx. 75% of total exports in 2020. Thailand (3M tonnes) held the second position in the ranking, followed by India (1.7M tonnes). All these countries together took near 13% share of total exports. The following exporters – Guatemala (824K tonnes), South Africa (671K tonnes) and El Salvador (532K tonnes) – each finished at a 5.7% share of total exports.

Brazil was also the fastest-growing country in terms of sugar exports (+66.9% y-o-y) in 2020. At the same time, India (+21.3%) and El Salvador (+3.5%) also displayed positive paces of growth. By contrast, Guatemala (-19.6%), Thailand (-20.9%) and South Africa (-31.0%) illustrated a downward trend over the same period.

In value terms, Brazil ($7.4B) remains the largest sugar supplier worldwide, comprising 71% of global exports. The second position in the ranking was occupied by Thailand ($885M), with an 8.5% share of global exports. It was followed by India, with a 5.4% share.

Largest Sugar Importers Worldwide

Indonesia (5.3M tonnes) and China (4.7M tonnes) represented roughly 42% of total imports of sugar in 2020. The U.S. (2.3M tonnes) took a 9.9% share (based on tonnes) of total imports, which put it in second place, followed by Malaysia (8.8%), India (8.5%) and South Korea (7.8%). Japan (1,049K tonnes), the UK (528K tonnes), South Africa (385K tonnes) and Taiwan (Chinese) (384K tonnes) held a little share of total imports.

In value terms, the largest sugar importing markets worldwide were Indonesia ($1.8B), China ($1.5B) and the U.S. ($1.3B), with a combined 49% share of global imports. These countries were followed by Malaysia, India, South Korea, Japan, South Africa, the UK and Taiwan (Chinese), which together accounted for a further 31%.

Source: IndexBox Platform

Asparagus
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Rising Supplies from Mexico Buoy the Growth of American Asparagus Imports

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

In 2020, asparagus imports into the U.S. rose by 2.5% y-o-y to 266K tonnes. Mexico and Peru lead the American imports with a combined 88%-share of its total volume. In the last year, Mexico ramped up shipments to America by +22.7% y-o-y, shaped by lower average prices. Peru experienced a drop in supplies volume to the U.S. while in value terms, they increased due to a spike in prices.

Asparagus Imports into the U.S. by Country

In 2020, the volume of asparagus imported into the U.S. totaled 266K tonnes, surging by 2.5% against 2019. In value terms, asparagus imports contracted to $720M (IndexBox estimates) in 2020.

Mexico and Peru dominate the American imports with a combined 88%-share of its total volume in physical terms. Mexico (170K tonnes) and Peru (94K tonnes) were the main suppliers of asparagus imports to the U.S. In value terms, Mexico ($385M) and Peru ($328M) constituted the largest asparagus suppliers to the U.S.

Mexico managed to ramp up supplies to America (by +22.7% y-o-y in physical terms) at low prices. At the same time, Peru saw import value growth of +21.5% y-o-y against reduced import volume.

The average asparagus import price stood at $2,707 per tonne in 2020, falling by -7.6% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Peru ($3,498 per tonne), while the price for Mexico amounted to $2,260 per tonne. In 2020, the most notable rate of growth in terms of prices was attained by Peru (+53.0% per year).

Source: IndexBox Platform

agriculture agricultural foreign
Archives, Global Trade Daily, State Spotlight

State Economies Most Dependent on Agriculture

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The past few years have been challenging ones for the agriculture industry. The threat of global climate change has continued to produce warmer temperatures and more extreme weather events that threaten crops and livestock, and this summer, the U.S. is currently experiencing serious drought in some of its key agricultural regions in California, the upper Midwest, and the Southeast. Trade policies under the Trump Administration reduced agricultural exports and incomes while raising costs on imports of key equipment and supplies. The COVID-19 pandemic brought additional uncertainty to commodity markets and has continued to disrupt the supply chains that farmers rely on to sell their products.

These recent difficulties have made it harder than ever to prosper as a farmer, particularly on smaller-scale farms. But long-term trends suggest that agriculture’s role in the economy has been shifting for much longer. What has historically been one of America’s most important industries now has a starkly diminished role in terms of job creation and GDP.

Farm employment has steadily decreased in the postwar era—as far back as the BEA’s data goes—but really for more than a century. As more of America moved out of rural areas and into denser, more economically varied communities following the Industrial Revolution and the growth of manufacturing and other industries, fewer people remained working on farms. This trend has continued in the modern era even more rapidly as agricultural processes have become more efficient and economic opportunities in other sectors have grown.

Agricultural activities have also dropped as a share of GDP in recent decades. After reaching nearly 3.5% of GDP in the early 1970s, farming today represents 0.63% of the economy. One of the reasons for this decline is that farming’s economic value has simply been outstripped by growth in other sectors.

But the downward trends in agriculture as an employer and economic engine in the U.S. should not be taken as signs that the industry is going away. By the measure of total factor productivity—essentially a ratio of agricultural inputs like land, labor, capital, and materials to outputs of crops and livestock—farms today are far more productive than they have ever been, part of a long-running trend dating back to at least the late 1940s.

One of the main factors behind this growth in productivity has been technological innovation in the agricultural sector. Improved seeds and fertilizers, pesticides and other crop protection techniques, and more efficient tools for harvesting and processing agricultural products have all contributed to increased yields and productivity. Farms have also increasingly shifted toward monoculture, producing fewer types of crops or livestock, to achieve economies of scale.

While these shifts over time have moved the U.S. away from a heritage of small, independent farmers, agriculture remains big business and a leading industry in many states. Many of the U.S.’s rural states around the Great Plains region remain highly reliant on agriculture, as their abundant land, good soil, and climate provide favorable conditions for raising crops and livestock.

To identify the states most dependent on agriculture, researchers at Commodity.com used data from the U.S. Bureau of Economic Analysis to calculate the percentage of total state GDP accounted for by farms in each state. Farms include establishments engaged in crop and animal production mainly for food and fiber. Researchers also calculated the farm industry’s share of total employment, and reported that data alongside the total GDP from farming and total farm employment in each state.

Here are the state economies most dependent on agriculture.

State Rank      Farming share of GDP   Farming share of total employment   Total farming GDP  

Total farming employment
South Dakota   1 5.78% 5.07% $3,174,300,000 31,273
Nebraska   2 4.62% 4.07% $6,005,200,000 54,700
North Dakota   3 4.46% 4.85% $2,551,300,000 28,484
Iowa   4 4.30% 4.24% $8,374,200,000 88,874
Idaho   5 4.28% 3.93% $3,583,400,000 42,154
Montana   6 3.23% 4.30% $1,711,600,000 29,879
Kansas   7 2.55% 3.23% $4,501,000,000 62,910
Wyoming   8 1.66% 3.58% $671,800,000 14,781
New Mexico   9 1.28% 2.49% $1,347,600,000 28,135
Mississippi   10 1.27% 2.42% $1,478,000,000 39,132
Minnesota   11 1.27% 1.97% $4,880,500,000 75,401
Oklahoma   12 1.26% 3.27% $2,547,100,000 76,389
Wisconsin   13 1.25% 2.31% $4,358,500,000 86,560
Vermont   14 1.13% 2.11% $385,600,000 9,316
Kentucky   15 1.06% 3.21% $2,282,200,000 82,641
United States   – 0.63% 1.28% $136,080,000,000 2,601,000

 

For more information, a detailed methodology, and complete results, you can find the original report on Commodity.com’s website: https://commodity.com/blog/state-economies-agriculture/

yogurt
Archives, Global Trade Daily, News

UK Yogurt Imports Spike While Most Other Countries Reduce Purchases

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

The global yogurt imports dropped by -7.2% y-o-y to $2.4B in 2020. The UK remains the leading yogurt importer worldwide. Last year, the UK emerged as the fastest-growing country in terms of yogurt imports. In 2020, France, Germany and Belgium were the prime yogurt suppliers to the UK, providing 80% of the total import volume. 

Yoghurt Imports by Country

In 2020, the amount of yogurt imported worldwide dropped to 1.5M tonnes, with a decrease of -12.1% compared with the previous year’s figure. In value terms, yogurt imports fell by -7.2% y-o-y to $2.4B (IndexBox estimates) in 2020.

In 2020, the UK (261K tonnes), followed by Italy (168K tonnes), the Netherlands (118K tonnes), Spain (116K tonnes), Portugal (110K tonnes), Germany (103K tonnes), Belgium (100K tonnes) and Sweden (77K tonnes) were the key importers of yogurt, together comprising 68% of total imports. France (49K tonnes), Hungary (34K tonnes), Austria (33K tonnes), Ireland (32K tonnes) and China (28K tonnes) followed a long way behind the leaders.

In value terms, the largest yogurt importing markets worldwide were the UK ($423M), Italy ($266M) and Spain ($167M), together comprising 35% of global imports. The Netherlands, Portugal, Belgium, Germany, Sweden, France, Ireland, Austria, China and Hungary lagged somewhat behind, together accounting for a further 40%.

In 2020, the average yogurt import price amounted to $1,587 per tonne, increasing by 5.6% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Ireland ($1,781 per tonne), while Hungary ($1,168 per tonne) was amongst the lowest.

Major Yogurt Suppliers to the UK

In 2020, the UK attained the most notable rate of growth in terms of purchases, amongst the main importing countries. France (95K tonnes), Germany (59K tonnes) and Belgium (54K tonnes) were the main suppliers of yogurt imports to the UK, together accounting for 80% of total imports. These countries were followed by Greece, Ireland, Spain and Poland, which together accounted for a further 19%. In 2020, the biggest increases were in supplies from Poland, while purchases from the other leaders experienced more modest paces of growth.

In value terms, the largest yogurt suppliers to the UK were France ($140M), Germany ($79M) and Greece ($77M), together comprising 70% of total imports.

Source: IndexBox Platform

market
Archives, Global Trade Daily, Ocean Ports

HONG KONG DRIVES TO CAPTURE THE COLD-CHAIN MARKET

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In Hong Kong, where many U.S. businesses send shipments to and receive goods from, a new drive to maximize cold chain opportunities is being realized and embraced.

By leveraging Hong Kong’s unique location to support fruit businesses tapping into the growing mainland Chinese market, fresh produce worth more than US$3 billion is arriving at Hong Kong Seaport Alliance (HKSPA) terminals annually.

Through the deployment of more than 7,800 reefer points, twice the capacity of other terminals in southern China, HKSPA expedites every container of fruit through its facilities to enable the freshest delivery to market. 

American companies shipping fresh fruit produce to the region should bear Hong Kong’s port facilities in mind, especially given Chinese demand for fruit imports is predicted to grow by 55 percent come 2025.

Further adding to Hong Kong’s appeal, HKSPA claims consignees can collect shipments immediately after discharge and be on their way within 15 minutes. Simple, convenient, and fast customs procedures mean Shenzhen is an hour away, while one of the world’s largest fruit-consuming epicenters, Guangzhou’s Jiangnan Wholesale Fruit and Vegetable Market, is just four hours by road.

vegetables
Archives, Global Trade Daily, Imports/Exports

Belgium Strengthens Leadership in European Frozen Vegetable Exports

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

Frozen vegetable exports in the EU fell by -6.5% y-o-y to $8.4B in 2020. Belgium, the largest European exporter of frozen vegetables, strengthened its position in terms of total exports despite reducing its supplies. The average frozen vegetable export price in the EU remained relatively unchanged from the previous year. 

Frozen Vegetable Exports in the EU

Frozen vegetable exports reduced to 8.6M tonnes in 2020, dropping by -7.3% compared with the previous year’s figure. In value terms, frozen vegetable exports contracted to $8.4B (IndexBox estimates), falling by -6.5% y-o-y in 2020.

In value terms, Belgium ($3.3B), the Netherlands ($1.9B) and Spain ($818M) constituted the countries with the highest levels of exports in 2020, together accounting for 72% of total exports. In 2020, Belgium (3.9M tonnes) represented the largest exporter of frozen vegetables, generating 45% of total exports. The Netherlands (1,896K tonnes) ranks second in terms of total exports with a 22% share, followed by Spain (8.5%), Poland (7%), France (6.8%) and Germany (5.1%).

Exports from Belgium decreased by -2.3% y-o-y in 2020. Spain (-1.7%), Germany (-6.1%), Poland (-9.5%), France (-11.4%) and the Netherlands (-15.4%) also illustrated the same downward trend.

The frozen vegetable export price in the EU stood at $974 per tonne in 2020, almost unchanged from the previous year. Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in France ($1,181 per tonne) and Germany ($1,127 per tonne), while Poland ($831 per tonne) and Belgium ($867 per tonne) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform