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The Latin American Melon Market To Pursue Temperate Growth

latin america

The Latin American Melon Market To Pursue Temperate Growth

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

The Latin American melon market reached $1.4B in 2019, with an increase of 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 +1.8% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2019 and is likely to see gradual growth in the immediate term.

Consumption by Country

The countries with the highest volumes of melon consumption in 2019 were Mexico (516K tonnes), Brazil (338K tonnes) and Guatemala (327K tonnes), with a combined 63% share of total consumption. These countries were followed by Venezuela, Argentina, Colombia, Cuba, Costa Rica, Chile, the Dominican Republic, Honduras and Paraguay, which together accounted for a further 33%.

From 2007 to 2019, the biggest increases were in Colombia, while melon consumption for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($404M), Brazil ($217M) and Colombia ($159M) appeared to be the countries with the highest levels of market value in 2019, with a combined 54% share of the total market.

In 2019, the highest levels of melon per capita consumption was registered in Guatemala (19 kg per person), followed by Costa Rica (8.20 kg per person), Venezuela (6.23 kg per person) and Paraguay (4.59 kg per person), while the world average per capita consumption of melon was estimated at 2.82 kg per person.

Market Forecast 2019-2030

Driven by increasing demand for melon in Latin America and the Caribbean, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.9% for the period from 2019 to 2030, which is projected to bring the market volume to 2.1M tonnes by the end of 2030.

Production in Latin America and the Caribbean

In 2019, approx. 2.9M tonnes of melons were produced in Latin America and the Caribbean; stabilizing at 2018. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 5.5% y-o-y. Over the period under review, production hit record highs in 2019 and is likely to see gradual growth in the immediate term. The general positive trend in terms output was largely conditioned by a relatively flat trend pattern of the harvested area and a relatively flat trend pattern in yield figures.

Production by Country

The countries with the highest volumes of melon production in 2019 were Guatemala (633K tonnes), Mexico (600K tonnes) and Brazil (590K tonnes), together accounting for 63% of total production. Honduras, Venezuela, Costa Rica and Argentina lagged somewhat behind, together comprising a further 26%.

From 2007 to 2019, the biggest increases were in Honduras, while melon production for the other leaders experienced more modest paces of growth.

Harvested Area in Latin America and the Caribbean

The melon harvested area reached 130K ha in 2019, approximately mirroring 2018 figures. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the harvested area increased by 5.7% y-o-y. Over the period under review, the harvested area dedicated to melon production reached the peak figure at 136K ha in 2007; however, from 2008 to 2019, the harvested area failed to regain the momentum.

Yield in Latin America and the Caribbean

In 2019, the average melon yield in Latin America and the Caribbean amounted to 22 tonne per ha, approximately reflecting 2018 figures. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the yield increased by 7.8% year-to-year. The level of yield peaked at 23 tonne per ha in 2016; however, from 2017 to 2019, the yield remained at a lower figure.

Exports in Latin America and the Caribbean

In 2019, the amount of melons exported in Latin America and the Caribbean dropped to 1.1M tonnes, which is down by -5.2% compared with the year before. In general, exports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 17% year-to-year. The volume of export peaked at 1.3M tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, melon exports declined to $692M (IndexBox estimates) in 2019. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of 17% against the previous year. The level of export peaked at $811M in 2017; however, from 2018 to 2019, exports remained at a lower figure.

Exports by Country

Guatemala (306K tonnes), Honduras (264K tonnes) and Brazil (252K tonnes) represented roughly 77% of total exports of melons in 2019. Costa Rica (126K tonnes) ranks next in terms of the total exports with a 12% share, followed by Mexico (10%).

From 2007 to 2019, the biggest increases were in Honduras, while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest melon supplying countries in Latin America and the Caribbean were Honduras ($206M), Brazil ($160M) and Guatemala ($131M), with a combined 72% share of total exports.

Honduras saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2019, the melon export price in Latin America and the Caribbean amounted to $652 per tonne, declining by -2.9% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2017 when the export price increased by 26% year-to-year. As a result, export price attained the peak level of $848 per tonne. From 2018 to 2019, the growth in terms of the export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($810 per tonne), while Guatemala ($428 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Honduras, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

canned meat

Global Canned Meat Market Grows For the Fourth Consecutive Year

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

In 2019, the global canned meat market increased by 2.9% to $245.5B, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +3.2% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of 13% against the previous year. Global consumption peaked in 2019 and is likely to see steady growth in the immediate term.

Consumption By Country

China (10M tonnes) constituted the country with the largest volume of canned meat consumption, comprising approx. 18% of total volume. Moreover, canned meat consumption in China exceeded the figures recorded by the second-largest consumer, India (3.8M tonnes), threefold. The third position in this ranking was occupied by Russia (2.1M tonnes), with a 3.6% share.

In China, canned meat consumption increased at an average annual rate of +1.1% over the period from 2007-2019. In the other countries, the average annual rates were as follows: India (+2.7% per year) and Russia (+1.7% per year).

In value terms, China ($45.8B) led the market, alone. The second position in the ranking was occupied by India ($16.7B). It was followed by Japan.

The countries with the highest levels of canned meat per capita consumption in 2019 were the UK (18 kg per person), Japan (16 kg per person) and Germany (15 kg per person).

Market Forecast 2019-2030

Driven by increasing demand for canned meat worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.2% for the period from 2019 to 2030, which is projected to bring the market volume to 58M tonnes by the end of 2030.

Production 2007-2019

For the fifth consecutive year, the global market recorded growth in production of canned meat, which increased by 1.6% to 57M tonnes in 2019. The total output volume increased at an average annual rate of +1.8% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 3.3% against the previous year. Over the period under review, global production hit record highs in 2019 and is likely to see gradual growth in the immediate term.

In value terms, canned meat production rose modestly to $1,808.7B in 2019 estimated in export prices. The total output value increased at an average annual rate of +3.9% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

Production By Country

China (11M tonnes) remains the largest canned meat producing country worldwide, comprising approx. 19% of total volume. Moreover, canned meat production in China exceeded the figures recorded by the second-largest producer, India (3.8M tonnes), threefold. Russia (2.1M tonnes) ranked third in terms of total production with a 3.6% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in China totaled +1.0%. The remaining producing countries recorded the following average annual rates of production growth: India (+2.7% per year) and Russia (+1.8% per year).

Exports 2007-2019

In 2019, approx. 3.9M tonnes of canned meat were exported worldwide; standing approx. at the year before. The total export volume increased at an average annual rate of +2.7% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when exports increased by 8.9% against the previous year. Over the period under review, global exports hit record highs in 2019 and are expected to retain growth in years to come.

In value terms, canned meat exports rose modestly to $16.9B (IndexBox estimates) in 2019. The total export value increased at an average annual rate of +3.9% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

Exports by Country

Thailand (632K tonnes), China (432K tonnes), Germany (358K tonnes), Poland (275K tonnes), the U.S. (272K tonnes), the Netherlands (236K tonnes), Brazil (217K tonnes), Belgium (149K tonnes), Ireland (145K tonnes), Denmark (144K tonnes) and France (139K tonnes) represented roughly 76% of total exports of canned meat in 2019. Italy (78K tonnes) held a relatively small share of total exports.

From 2007 to 2019, the biggest increases were in Poland, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Thailand ($2.9B), China ($1.9B) and Germany ($1.7B) appeared to be the countries with the highest levels of exports in 2019, together accounting for 38% of global exports. These countries were followed by the U.S., Poland, the Netherlands, Brazil, Ireland, Belgium, France, Denmark and Italy, which together accounted for a further 42%.

Export Prices by Country

In 2019, the average canned meat export price amounted to $4,278 per tonne, therefore, remained relatively stable against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2008 when the average export price increased by 12% year-to-year. Global export price peaked at $4,550 per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Ireland ($5,652 per tonne), while Poland ($3,607 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Imports 2007-2019

In 2019, purchases abroad of canned meat decreased by -0.4% to 3.8M tonnes for the first time since 2015, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.6% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of 12% y-o-y. Over the period under review, global imports hit record highs at 3.8M tonnes in 2018, and then dropped in the following year.

In value terms, canned meat imports declined to $16.3B (IndexBox estimates) in 2019. The total import value increased at an average annual rate of +3.6% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

Imports by Country

Japan (723K tonnes) and the UK (584K tonnes) represented roughly 34% of total imports of canned meat in 2019. Germany (235K tonnes) occupied the next position in the ranking, followed by the Netherlands (192K tonnes) and China, Hong Kong SAR (181K tonnes). All these countries together held near 16% share of total imports. The following importers – France (153K tonnes), the U.S. (146K tonnes), Canada (128K tonnes), Belgium (104K tonnes), Ireland (102K tonnes), Denmark (77K tonnes) and Sweden (57K tonnes) – together made up 20% of total imports.

From 2007 to 2019, the biggest increases were in China, Hong Kong SAR, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($3.2B), the UK ($2.5B) and Germany ($1.1B) appeared to be the countries with the highest levels of imports in 2019, with a combined 41% share of global imports. The U.S., the Netherlands, France, Canada, China, Hong Kong SAR, Belgium, Ireland, Denmark and Sweden lagged somewhat behind, together comprising a further 32%.

In terms of the main importing countries, China, Hong Kong SAR recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average canned meat import price stood at $4,294 per tonne in 2019, flattening at the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2008 when the average import price increased by 12% y-o-y. Over the period under review, average import prices attained the peak figure at $4,656 per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($6,862 per tonne), while China, Hong Kong SAR ($3,121 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

apple market

Global Apple Market Reached $78M, but the Pandemic Might Put a Drag on Further Growth

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

The global apple market was finally on the rise to reach $78.8B in 2019, after four years of decline. Over the period under review, the total market indicated a temperate expansion from 2007 to 2019: its value increased at an average annual rate of +2.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 16% y-o-y. Global consumption peaked in 2019 and is expected to retain growth in the immediate term.

COVID-19: Challenges and Opportunities

The COVID-19 pandemic triggered noticeable transformation of the markets throughout the world, in particular, with regard to the apple market. So far, the uncertainty regarding the depth of both the global and the national economic decline is too great to make reliable forecasts. However, changes are currently taking place in key market fundamentals: macroeconomic background, sales channels, supply chains, consumer behavior and prices.

According to the IMF, even several months lived outbreak would lead to at least a 3% contraction of the global GDP in 2020. Previously, during the 2008-2009 crisis, apple production in the world remained stable, but then it stagnated in 2010 and afterward, it continued robust growth.

Since apple constitutes a kind of staple food, the apple market is not too susceptible to falling incomes and economic downturns. However, apples are consumed widely in the HoReCa sector that suffered heavily from the pandemic. Given those assumptions, the contraction of the market in the short term of 2020 might be perceptible but not disastrous. In the medium term, the market growth may be hampered by the possible lack of investment into apple orchards in 2020 due to the economic uncertainty and tight financial conditions for both farmers and investors.

Major supply chain risk comes from possible weather effects rather than the economic crisis. It may be caused by the mild temperatures during the winter season of 2019-2020, which is particularly relevant for Eastern Europe. The mild temperatures could also result in an early blooming that may later cause the fruits to suffer the risk of a freeze.

Certain supply chain risks also exist with regard to quarantine measures.  While workers are locked down, the period of the treatment of trees begins, which is followed by the flowering period; those periods are critical for the appropriate orchard management. This may reduce the future quality of apples or require additional pesticide use to treat plant diseases. Moreover, in China, which is the largest producing country, there is a concern among beekeepers as they cannot serve their beehives appropriately due to the lockdown. This, in turn, may affect the pollination severely and thereby reduce harvests of fruits pollinated by bees; however, the impact of the problem may be rather local than systematically affect the entire market.

Another risk may appear due to the disruption of established international supply chains including food handling and packaging intermediaries, as well as in the processing sector. Supply chains may be undermined by asynchronous quarantine measures taken in the involved countries as well as the restraints in deliveries. However, this is now mitigated by the gradual re-opening of the economies in China, Europe, and other countries; the supply chains are also to be re-established.

Pastry containing apples and apple jams, as well as apple juice, constitute a popular product in cafes, especially in Europe and Western countries, but now this sales channel temporarily collapsed due to the quarantine. Given the limitations of the HoReCa sector, online retail is becoming a key channel for the sale of food products, including apples, apple juice, and processed apple products. Moreover, contactless delivery becomes a ‘must-have’ option for retail services.

Accordingly, retail packaging adapted to different consumption situations becomes more popular, especially for processed apple products: family packages, single person packages of various shapes and dimensions, etc.

As online retail becomes the key sales channel, advertising budgets are to shift increasingly from point-of-sale advertising towards Internet messengers and social networks. Furthermore, increased consumer attention to health stimulates changes in branding and promotion towards focusing on the health benefits of apples and apple products.

Consumption By Country

China (40M tonnes) remains the largest apple consuming country worldwide, comprising approx. 48% of total volume. Moreover, apple consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4M tonnes), tenfold. Turkey (2.7M tonnes) ranked third in terms of total consumption with a 3.3% share.

In China, apple consumption increased at an average annual rate of +3.4% over the period from 2007-2019. In the other countries, the average annual rates were as follows: the U.S. (+0.7% per year) and Turkey (+0.9% per year).

In value terms, China ($44.9B) led the market, alone. The second position in the ranking was occupied by the U.S. ($4.6B). It was followed by France.

The countries with the highest levels of apple per capita consumption in 2019 were Poland (45 kg per person), Turkey (33 kg per person) and Iran (33 kg per person).

Production 2007-2019

In 2019, production of apples increased by 6.7% to 84M tonnes for the first time since 2016, thus ending a two-year declining trend. The total output volume increased at an average annual rate of +2.1% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period.

The pace of growth was the most pronounced in 2011 with an increase of 8.1% year-to-year. Over the period under review, global production attained the maximum volume at 85M tonnes in 2014; however, from 2015 to 2019, production failed to regain the momentum. The general positive trend in terms output was largely conditioned by a temperate increase of the harvested area and a mild expansion in yield figures.

Production By Country

China (41M tonnes) remains the largest apple producing country worldwide, accounting for 49% of total volume. Moreover, apple production in China exceeded the figures recorded by the second-largest producer, the U.S. (4.7M tonnes), ninefold. The third position in this ranking was occupied by Turkey (3M tonnes), with a 3.6% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in China amounted to +3.3%. The remaining producing countries recorded the following average annual rates of production growth: the U.S. (+1.0% per year) and Turkey (+1.7% per year).

Harvested Area 2007-2019

In 2019, the global apple harvested area expanded to 5.1M ha, increasing by 3.5% on the previous year’s figure. In general, the harvested area saw a relatively flat trend pattern. Over the period under review, the harvested area dedicated to apple production attained the maximum at 5.2M ha in 2015; however, from 2016 to 2019, the harvested area stood at a somewhat lower figure.

Yield 2007-2019

The global average apple yield rose modestly to 17 tonne per ha in 2019, with an increase of 3.1% compared with the year before. The yield figure increased at an average annual rate of +1.4% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when the yield increased by 6.2% against the previous year. Over the period under review, the average apple yield attained the peak level at 17 tonne per ha in 2017; however, from 2018 to 2019, the yield stood at a somewhat lower figure.

Exports 2007-2019

Global apple exports reached 8.2M tonnes in 2019, remaining constant against 2018. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 11% against the previous year. As a result, exports reached the peak of 9.3M tonnes. From 2016 to 2019, the growth of global exports remained at a somewhat lower figure.

In value terms, apple exports dropped to $7B (IndexBox estimates) in 2019. The total export value increased at an average annual rate of +1.2% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period.

Exports by Country

The shipments of the five major exporters of apples, namely Poland, China, Italy, the U.S. and Chile, represented more than half of total export. It was followed by South Africa (464K tonnes), New Zealand (432K tonnes) and France (381K tonnes), together creating a 16% share of total exports. Turkey (256K tonnes), Moldova (255K tonnes), Serbia (217K tonnes) and Belgium (195K tonnes) took a minor share of total exports.

From 2007 to 2019, the biggest increases were in Turkey, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($1.2B), the U.S. ($962M) and Italy ($841M) were the countries with the highest levels of exports in 2019, with a combined 44% share of global exports. Chile, New Zealand, France, South Africa, Poland, Serbia, Moldova, Belgium and Turkey lagged somewhat behind, together comprising a further 39%.

Export Prices by Country

The average apple export price stood at $853 per tonne in 2019, which is down by -6.6% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average export price increased by 14% year-to-year. Global export price peaked at $913 per tonne in 2018, and then fell in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was New Zealand ($1,311 per tonne), while Turkey ($350 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Imports 2007-2019

In 2019, global apple imports shrank slightly to 8M tonnes. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 14% against the previous year. As a result, imports reached the peak of 9.7M tonnes. From 2016 to 2019, the growth of global imports remained at a somewhat lower figure.

In value terms, apple imports shrank modestly to $7.2B (IndexBox estimates) in 2019. The total import value increased at an average annual rate of +1.6% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years.

Imports by Country

Russia (701K tonnes) and Germany (603K tonnes) represented roughly 16% of total imports of apples in 2019. The UK (342K tonnes), Egypt (297K tonnes), Bangladesh (252K tonnes), India (250K tonnes), the Netherlands (242K tonnes), Belarus (222K tonnes), Viet Nam (219K tonnes), Spain (218K tonnes), Canada (202K tonnes) and China, Hong Kong SAR (189K tonnes) followed a long way behind the leaders.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Egypt, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest apple importing markets worldwide were Germany ($482M), the UK ($424M) and Russia ($394M), together accounting for 18% of global imports. Viet Nam, the Netherlands, India, China, Hong Kong SAR, Canada, Bangladesh, Spain, Egypt and Belarus lagged somewhat behind, together accounting for a further 27%.

Import Prices by Country

In 2019, the average apple import price amounted to $897 per tonne, declining by -1.6% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2011 when the average import price increased by 13% y-o-y. Over the period under review, average import prices reached the peak figure at $911 per tonne in 2018, and then reduced modestly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Viet Nam ($1,608 per tonne), while Belarus ($285 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Viet Nam, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

millet

U.S. Millet Market – Key Statistics and Trends

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

The revenue of the millet market in the U.S. amounted to $106M 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 +1.7% over the period from 2014 to 2018; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2017 with an increase of 10% against the previous year. In that year, the millet market attained its peak level of $108M, and then declined slightly in the following year.

Market Forecast to 2030

Driven by increasing demand for millet in the U.S., the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.8% for the period from 2018 to 2030, which is projected to bring the market volume to 312K tonnes by the end of 2030.

Production in the U.S.

Millet production in the U.S. amounted to 326K tonnes in 2018, dropping by -19.5% against the previous year. From 2014 to 2018, the total output volume increased at an average annual rate of +1.6%, which was largely conditioned by a slight expansion of the harvested area and a perceptible increase in yield figures.

Harvested Area in the U.S.

Millet harvested area in the U.S. stood at 163K ha in 2018, stabilizing at the previous year. Over the period under review, the harvested area dedicated to millet production attained its peak figure at 174K ha in 2014; however, from 2015 to 2018, harvested area failed to regain its momentum.

Yield in the U.S.

In 2018, the average millet yield in the U.S. amounted to 2 tonne per ha, declining by -19.5% against the previous year. The yield figure increased at an average annual rate of +3.3% from 2014 to 2018.

Exports from the U.S.

Millet exports from the U.S. totaled 43K tonnes in 2018, going down by -48% against the previous year. In value terms, millet exports amounted to $16M (IndexBox estimates).

Exports by Country

Canada (11K tonnes), Indonesia (5.6K tonnes) and the Philippines (3.7K tonnes) were the main destinations of millet exports from the U.S., with a combined 47% share of total exports. Malaysia, Namibia, Mexico, Japan, Germany, Thailand, the UK and the United Arab Emirates lagged somewhat behind, together accounting for a further 39%.

In value terms, Canada ($3.6M), Indonesia ($1.8M) and the Philippines ($1.2M) constituted the largest markets for millet exported from the U.S. worldwide, together accounting for 43% of total exports. Malaysia, Namibia, the UK, Germany, Thailand, Mexico, Japan and the United Arab Emirates lagged somewhat behind, together comprising a further 41%.

Among the main countries of destination, Namibia recorded the highest growth rate of the value of exports, over the period under review, while exports for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2018, the average millet export price amounted to $367 per tonne, surging by 16% against the previous year.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the UK ($600 per tonne), while the average price for exports to Mexico ($295 per tonne) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced a decline.

Source: IndexBox AI Platform

pineapple

Asia’s Pineapple Market – Japan and China Account for 55% of Total Imports in the Region

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

The revenue of the pineapple market in Asia amounted to $12.1B 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 +2.7% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2014 with an increase of 5.5% against the previous year. Over the period under review, the pineapple market attained its maximum level in 2018 and is expected to retain its growth in the near future.

Consumption By Country

The countries with the highest volumes of pineapple consumption in 2018 were the Philippines (2.3M tonnes), Thailand (2.1M tonnes) and Indonesia (1.8M tonnes), with a combined 53% share of total consumption. These countries were followed by India, China, Viet Nam and Taiwan, which together accounted for a further 38%.

From 2013 to 2018, the most notable rate of growth in terms of pineapple consumption, amongst the main consuming countries, was attained by China, while pineapple consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest pineapple markets in Asia were Thailand ($3B), China ($2.2B) and the Philippines ($1.9B), with a combined 59% share of the total market. These countries were followed by India, Indonesia, Viet Nam and Taiwan, Chinese, which together accounted for a further 34%.

The countries with the highest levels of pineapple per capita consumption in 2018 were Thailand (30 kg per person), the Philippines (21 kg per person) and Taiwan (17 kg per person).

From 2013 to 2018, the most notable rate of growth in terms of pineapple per capita consumption, amongst the main consuming countries, was attained by China, while pineapple per capita consumption for the other leaders experienced more modest paces of growth.

Production in Asia

In 2018, approx. 12M tonnes of pineapples were produced in Asia; leveling off at the previous year. The total output volume increased at an average annual rate of +1.5% from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The general positive trend in terms of pineapple output was largely conditioned by mild growth of the harvested area and a relatively flat trend pattern in yield figures.

Production By Country

The countries with the highest volumes of pineapple production in 2018 were the Philippines (2.7M tonnes), Thailand (2.1M tonnes) and Indonesia (1.8M tonnes), together accounting for 57% of total production. India, China, Viet Nam and Taiwan, Chinese lagged somewhat behind, together accounting for a further 37%.

From 2013 to 2018, the most notable rate of growth in terms of pineapple production, amongst the main producing countries, was attained by China, while pineapple production for the other leaders experienced more modest paces of growth.

Harvested Area in Asia

The pineapple harvested area stood at 425K ha in 2018, shrinking by -1.8% against the previous year. Overall, the pineapple harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when harvested area increased by 6.3% y-o-y. In that year, the pineapple harvested area reached its peak level of 433K ha, and then declined slightly in the following year.

Yield in Asia

In 2018, the average yield of pineapples in Asia amounted to 27 tonne per ha, remaining relatively unchanged against the previous year. Over the period under review, the pineapple yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when yield increased by 4.9% against the previous year. In that year, the pineapple yield attained its peak level of 28 tonne per ha. From 2016 to 2018, the growth of the pineapple yield remained at a somewhat lower figure.

Imports in Asia

In 2018, the imports of pineapples in Asia amounted to 521K tonnes, surging by 1.7% against the previous year.

In value terms, pineapple imports amounted to $370M (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +4.6% from 2013 to 2018. The most prominent rate of growth was recorded in 2016 with an increase of 25% against the previous year. In that year, pineapple imports attained their peak of $372M. From 2017 to 2018, the growth of pineapple imports remained at a somewhat lower figure.

Imports by Country

Japan (159K tonnes) and China (126K tonnes) represented roughly 55% of total imports of pineapples in 2018. South Korea (78K tonnes) held the next position in the ranking, distantly followed by the United Arab Emirates (37K tonnes) and Singapore (24K tonnes). All these countries together held approx. 27% share of total imports. The following importers – Turkey (19K tonnes) and Saudi Arabia (16K tonnes) – together made up 6.8% of total imports.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($130M), China ($79M) and South Korea ($64M) constituted the countries with the highest levels of imports in 2018, with a combined 74% share of total imports.

Import Prices by Country

In 2018, the pineapple import price in Asia amounted to $709 per tonne, going up by 4.5% against the previous year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was South Korea ($826 per tonne), while Singapore ($362 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

figs

France and Germany Remain The Largest Markets for Imported Figs in the EU

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

The revenue of the fig market in the European Union amounted to $431M in 2018, rising by 5.6% 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 +1.9% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the fig market attained its peak figure level in 2018 and is likely to continue its growth in the near future.

Consumption By Country in the EU

The countries with the highest volumes of fig consumption in 2018 were Spain (32K tonnes), France (18K tonnes) and Germany (13K tonnes), together accounting for 55% of total consumption. Italy, Greece, the UK, Austria, Portugal and Cyprus lagged somewhat behind, together accounting for a further 35%.

From 2007 to 2018, the most notable rate of growth in terms of fig consumption, amongst the main consuming countries, was attained by Austria, while fig consumption for the other leaders experienced more modest paces of growth.

In value terms, Spain ($111M), France ($61M) and Germany ($51M) appeared to be the countries with the highest levels of market value in 2018, together accounting for 51% of the total market. These countries were followed by Italy, Greece, the UK, Cyprus, Austria and Portugal, which together accounted for a further 38%.

In 2018, the highest levels of fig per capita consumption was registered in Cyprus (3,009 kg per 1000 persons), followed by Greece (751 kg per 1000 persons), Spain (684 kg per 1000 persons) and Austria (568 kg per 1000 persons), while the world average per capita consumption of fig was estimated at 228 kg per 1000 persons.

Market Forecast 2019-2025 in the EU

Driven by increasing demand for fig in the European Union, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.5% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 129K tonnes by the end of 2025.

Production in the EU

The fig production stood at 73K tonnes in 2018, stabilizing at the previous year. Over the period under review, fig production, however, continues to indicate a relatively flat trend pattern.

Production By Country in the EU

Spain (38K tonnes) constituted the country with the largest volume of fig production, accounting for 52% of total volume. Moreover, fig production in Spain exceeded the figures recorded by the second-largest producer, Greece (13K tonnes), threefold. The third position in this ranking was occupied by Italy (11K tonnes), with a 15% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in Spain stood at +3.5%. In the other countries, the average annual rates were as follows: Greece (-3.9% per year) and Italy (-4.0% per year).

Harvested Area and Yield in the EU

In 2018, the fig harvested area in the European Union stood at 24K ha, approximately equating the previous year. Overall, the fig harvested area continues to indicate a slight decrease.

In 2018, the average yield of figs in the European Union amounted to 3 tonne per ha, rising by 1.7% against the previous year. Over the period under review, the fig yield continues to indicate a relatively flat trend pattern.

Exports in the EU

The exports amounted to 28K tonnes in 2018, approximately mirroring the previous year. The total export volume increased at an average annual rate of +4.4% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of exports peaked in 2018 and are likely to continue its growth in the immediate term. In value terms, fig exports amounted to $117M (IndexBox estimates) in 2018.

Exports by Country

The exports of the five major exporters of figs, namely Spain, Greece, the Netherlands, Germany and Italy, represented more than two-thirds of total export. It was distantly followed by France (1,995 tonnes), constituting a 7.1% share of total exports. Belgium (1,247 tonnes) occupied a minor share of total exports.

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

In value terms, the largest fig markets in the European Union were Spain ($26M), the Netherlands ($21M) and Germany ($18M), with a combined 55% share of total exports.

Export Prices by Country

The figs export price in the European Union stood at $4,194 per tonne in 2018, picking up by 7.4% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +1.1%.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($5,523 per tonne), while Italy ($3,137 per tonne) was amongst the lowest.

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

Imports in the EU

In 2018, approx. 71K tonnes of figs were imported in the European Union; remaining constant against the previous year. The total import volume increased at an average annual rate of +2.6% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of imports peaked at 75K tonnes in 2016; however, from 2017 to 2018, imports remained at a lower figure. In value terms, fig imports amounted to $277M (IndexBox estimates) in 2018.

Imports by Country

France (17K tonnes) and Germany (17K tonnes) represented roughly 47% of total imports of figs in 2018. The UK (7,521 tonnes) occupied an 11% share (based on tonnes) of total imports, which put it in second place, followed by Austria (7.3%), the Netherlands (6.4%) and Italy (6.1%). Belgium (2,932 tonnes), Poland (1,568 tonnes), Sweden (1,523 tonnes), Spain (1,423 tonnes), Portugal (1,246 tonnes) and Denmark (1,076 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 Austria, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($64M), France ($56M) and the UK ($29M) constituted the countries with the highest levels of imports in 2018, with a combined 54% share of total imports. Austria, Italy, the Netherlands, Belgium, Sweden, Poland, Spain, Denmark and Portugal lagged somewhat behind, together accounting for a further 37%.

Import Prices by Country

The fig import price in the European Union stood at $3,875 per tonne in 2018, rising by 1.8% against the previous year. In general, the figs import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Italy ($4,903 per tonne), while Portugal ($3,073 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

cocoa

Cocoa Powder Market in the EU Flattened at $814M

IndexBox has just published a new report: ‘EU – Cocoa Powder (Not Sweetened) – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The revenue of the cocoa powder market in the European Union amounted to $814M in 2018, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). In general, cocoa powder consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the cocoa powder market reached its maximum level at $1.4B in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Consumption By Country

The countries with the highest volumes of cocoa powder consumption in 2018 were the UK (47K tonnes), Germany (41K tonnes) and Spain (35K tonnes), together accounting for 41% of total consumption. Italy, Poland, France, the Netherlands, Romania, Hungary, Belgium, Greece and Sweden lagged somewhat behind, together comprising a further 47%.

In value terms, the largest cocoa powder markets in the European Union were Germany ($124M), the UK ($122M) and Spain ($91M), with a combined 41% share of the total market.

The countries with the highest levels of cocoa powder per capita consumption in 2018 were the Netherlands (948 kg per 1000 persons), Hungary (934 kg per 1000 persons) and Spain (758 kg per 1000 persons).

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

Production in the EU

Cocoa powder production amounted to 536K tonnes in 2018, growing by 2.7% against the previous year. Overall, cocoa powder production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of 13% against the previous year. In that year, cocoa powder production attained its peak volume of 553K tonnes.

Production By Country

The Netherlands (223K tonnes) constituted the country with the largest volume of cocoa powder production, accounting for 42% of total volume. Moreover, cocoa powder production in the Netherlands exceeded the figures recorded by the second-largest producer, Spain (109K tonnes), twofold. The third position in this ranking was occupied by Germany (108K tonnes), with a 20% share.

In the Netherlands, cocoa powder production increased at an average annual rate of +1.0% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Spain (+4.7% per year) and Germany (+4.1% per year).

Exports in the EU

In 2018, approx. 586K tonnes of cocoa powder (not sweetened) were exported in the European Union; increasing by 4.8% against the previous year. The total export volume increased at an average annual rate of +3.6% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The volume of exports peaked in 2018 and are likely to continue its growth in the immediate term. In value terms, cocoa powder exports totaled $1.4B (IndexBox estimates) in 2018.

Exports by Country

The Netherlands represented the main exporter of cocoa powder (not sweetened) exported in the European Union, with the volume of exports finishing at 283K tonnes, which was near 48% of total exports in 2018. Germany (118K tonnes) ranks second in terms of the total exports with a 20% share, followed by Spain (14%) and France (7.1%). The following exporters – Italy (18K tonnes) and Belgium (16K tonnes) – each resulted at a 6% share of total exports.

Exports from the Netherlands increased at an average annual rate of +2.6% from 2007 to 2018. At the same time, Belgium (+18.1%), Germany (+8.5%), Spain (+5.4%) and Italy (+5.0%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +18.1% from 2007-2018. France experienced a relatively flat trend pattern.

In value terms, the Netherlands ($677M) remains the largest cocoa powder supplier in the European Union, comprising 48% of total cocoa powder exports. The second position in the ranking was occupied by Germany ($275M), with a 20% share of total exports. It was followed by Spain, with a 11% share.

Export Prices by Country

The cocoa powder export price in the European Union stood at $2,398 per tonne in 2018, reducing by -6.2% against the previous year. In general, the cocoa powder export price, however, continues to indicate a moderate expansion. Over the period under review, the export prices for cocoa powder reached their peak figure at $5,073 per tonne in 2011; however, from 2012 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was France ($3,317 per tonne), while Spain ($1,927 per tonne) was amongst the lowest.

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

Imports in the EU

The imports stood at 351K tonnes in 2018, growing by 5.3% against the previous year. The total import volume increased at an average annual rate of +3.0% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, cocoa powder imports stood at $885M (IndexBox estimates) in 2018.

Imports by Country

In 2018, the Netherlands (76K tonnes), Germany (51K tonnes), France (46K tonnes) and Italy (38K tonnes) were the largest importers of cocoa powder (not sweetened) imported in the European Union, comprising 60% of total import. Belgium (24K tonnes) took the next position in the ranking, followed by the UK (23K tonnes) and Poland (23K tonnes). All these countries together took approx. 20% share of total imports. Hungary (8,955 tonnes) took a minor share of total imports.

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

In value terms, the Netherlands ($160M), Germany ($151M) and France ($110M) appeared to be the countries with the highest levels of imports in 2018, with a combined 48% share of total imports.

Import Prices by Country

In 2018, cocoa powder import price in the European Union amounted to $2,524 per tonne, declining by -3.4% against the previous year. Overall, the cocoa powder import price, however, continues to indicate perceptible growth. Reflecting the export prices presented above, the import prices for cocoa powder attained their peak figure at $4,822 per tonne in 2011.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Germany ($2,987 per tonne) and Italy ($2,801 per tonne), while the Netherlands ($2,105 per tonne) and France ($2,366 per tonne) were amongst the lowest.

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

Source: IndexBox AI Platform