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

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