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U.S. Butter Prices Soar 40% y/y on Labour Shortage and Rising Packaging Costs

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U.S. Butter Prices Soar 40% y/y on Labour Shortage and Rising Packaging Costs

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

The average price for Grade AA butter in the U.S. amounted to $2.02 per pound on December 11, 2021, increasing by 40% from the same period last year. Reducing milk cow herd, labour shortage, and the rising packaging materials costs constrain production growth, leading to insufficient supply in the market that results in the butter price surge. Demand for butter typically picks in Q4, when Americans consume more holiday cookies and other traditional dishes. In December, butter prices picked up 3.7% compared to the figures a month earlier.       

According to recent USDA data, prices for Grade AA butter averaged $2.02 per pound for the week ending December 11, 2021, a 40%-increase compared to December 2020. The main reason for that spike was the insufficient supply owing to the reducing milk cow herd and the labour shortage. Over January-October 2021, total butter production reduced by 11% to 1.6M lb against the figures of the same period last year. The rising cost of packaging materials also contributes to higher butter prices. Over the past month, butter prices rose 3.7%, driven by strong seasonal demand. The current challenges are expected to persist in the following year, and butter prices will climb further.

US Butter Imports in 2020

Last year, approx. 33K tonnes of butter were imported into the U.S., waning by -23.9% against 2019. In value terms, the purchases declined to $277M (IndexBox estimates).

Ireland (25K tonnes) constituted the largest butter supplier to the U.S., accounting for a 77% share of total volume. Moreover, butter imports from Ireland exceeded the figures recorded by the second-largest supplier, New Zealand (3.1K tonnes), eightfold. The third position in this ranking was occupied by France (1.4K tonnes), with a 4.1% share.

In value terms, Ireland ($222M) constituted the largest butter supplier to the U.S., comprising 80% of total imports. The second position in the ranking was occupied by New Zealand ($19M), with a 7% share of total imports. It was followed by France, with a 4.8% share.

In 2020, the average annual growth rate of value from Ireland stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-18.6% per year) and France (-8.2% per year).

Source: IndexBox Platform

potato chips
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The European Potato Chips Market Retains Growth Despite the Pandemic

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

Potato chips constitute a very widely known and popular product in the EU. The market size is estimated at $4.5B (this figure refers to producers and importers’ revenues, excl. retail margins), which equated to approx. 1.9M tonnes. The countries with the highest volumes of potato chip consumption are Germany (487K tonnes), Italy (249K tonnes), and France (246K tonnes), with a combined 53% share of total consumption. The Netherlands, the UK, Spain, Sweden, Portugal, Belgium, Romania, Poland, and Finland lagged somewhat behind, accounting for a further 38%.

In value terms, Germany ($996M), the UK ($689M), and France ($431M) were the countries with the highest levels of market value, with a combined 47% share of the total market (IndexBox estimates).

These same countries feature among the key importers of chips. France ($245M), Germany ($197M), and the Netherlands ($165M) constitute the markets with the highest levels of imports, together comprising 45% of EU imports. The UK, Ireland, Belgium, Italy, Spain, Denmark, Sweden, Austria, Poland, and Portugal lagged somewhat behind, holding a further 38%.

The countries with the highest levels of potato chips annual per capita consumption include the Netherlands (11 kg per person), Sweden (7 kg per person), and Germany (6 kg per person).

During the COVID-19 pandemic and the related lockdown, consumers tend to visit shops and malls less often and stock up on purchases for future use. However, Europeans did not reduce their consumption of potato chips tangibly.

This is confirmed by the fact that the production of chips in the largest EU countries quickly recovered after a short-term drop caused by the pandemic. In April-May 2020, there was indeed a decline in the production of potato chips against the lockdown background, but the fall’s depth differs from country to country. In France, over April-May 2020, there was a strong decline in production volumes, while in Germany, after a slight reduction in April, production started to recover immediately in May. Afterward, the production fluctuated within its common seasonal trend pattern.

Based on 2020 data, the potato chips market is less affected by the pandemic than many other food industries. The market shows resistance to the crisis due to the stability of consumer demand for this product, meaning the market is expected to remain solid in the medium term.

Driven by increasing demand for potato chips in the European Union, 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 +0.6% for the period from 2019 to 2030, projected to bring the market volume to 2M tonnes by the end of 2030.

Source: IndexBox AI Platform

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France Consumes Most of Jam, Jelly, Puree And Paste in the EU

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

In 2019, the EU market for jams, jellies, puree and pastes decreased by -4.4% to $3.9B, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a mild setback. The most prominent rate of growth was recorded in 2013 with an increase of 7.3% year-to-year. As a result, consumption reached the peak level of $4.5B. From 2014 to 2019, the growth of the market remained at a lower figure.

Consumption by Country

France (578K tonnes) remains the largest jam, jelly, puree and paste consuming country in the European Union, comprising approx. 35% of total volume. Moreover, jam, jelly, puree and paste consumption in France exceeded the figures recorded by the second-largest consumer, Germany (258K tonnes), twofold. The UK (169K tonnes) ranked third in terms of total consumption with a 10% share (IndexBox estimates).

In France, jam, jelly, puree and paste consumption expanded at an average annual rate of +1.9% over the period from 2012-2019. The remaining consuming countries recorded the following average annual rates of consumption growth: Germany (+0.8% per year) and the UK (+2.9% per year).

In value terms, France ($1.6B) led the market, alone. The second position in the ranking was occupied by Germany ($592M). It was followed by the UK.

The countries with the highest levels of jam, jelly, puree and paste per capita consumption in 2019 were France (8.80 kg per person), Austria (6.28 kg per person) and Sweden (5.23 kg per person).

Market Forecast to 2030

Due to the introduction of restrictive measures against the spread of the pandemic, the HoReCa sector suffered from temporary closings and service limitations, which significantly reduced the demand for jams, jellies, puree and pastes. Retail sales were less damaged as the demand for food (including jams, jellies, puree and pastes) at retail outlets increased as consumers started to cook more at home and buy more storable products.

Despite this factor supported the demand, the market is expected to contract somewhat by the end of 2020 against the reduced demand from the HoReCa sector. In the medium term, the market is expected to grow more moderately, with an anticipated CAGR of +0.8% for the period from 2019 to 2030, which is projected to bring the market volume to near 1.8M tonnes by the end of 2030.

Production in the EU

In 2019, production of jams, jellies, puree and pastes decreased by -1.2% to 1.7M tonnes, falling for the third consecutive year after five years of growth. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 3.3% y-o-y. The volume of production peaked at 1.8M tonnes in 2016; however, from 2017 to 2019, production remained at a lower figure. In value terms, jam, jelly, puree and paste production fell to $4.1B in 2019 estimated in export prices. In general, production, however, saw a mild downturn.

Production by Country

France (555K tonnes) remains the largest jam, jelly, puree and paste producing country in the European Union, comprising approx. 32% of total volume. In terms of production, France was followed by Germany (229K tonnes, or 13%) and Spain (146K tonnes, or 9%).

From 2012 to 2019, the average annual rate of growth in terms of volume in France amounted to +1.8%. In the other countries, the average annual rates were as follows: Germany (-0.4% per year) and Spain (+2.6% per year).

Exports in the EU

After seven years of growth, overseas shipments of jams, jellies, puree and pastes decreased by -8% to 661K tonnes in 2019. The total export volume increased at an average annual rate of +2.2% from 2012 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 2013 when exports increased by 10% year-to-year. The volume of export peaked at 718K tonnes in 2018, and then dropped in the following year. In value terms, jam, jelly, puree and paste exports fell to $1.5B (IndexBox estimates) in 2019.

Exports by Country

The biggest shipments were from Italy (133K tonnes), France (98K tonnes), Belgium (84K tonnes), Germany (82K tonnes) and the Netherlands (65K tonnes), together accounting for 70% of total export. It was distantly followed by Poland (39K tonnes) and Spain (37K tonnes), together generating a 12% share of total exports.

From 2012 to 2019, the biggest increases were in Poland, while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($392M), Italy ($226M) and Germany ($209M) were the countries with the highest levels of exports in 2019, together accounting for 54% of total exports. These countries were followed by Belgium, the Netherlands, Spain and Poland, which together accounted for a further 27%.

Poland 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 more modest paces of growth.

Export Prices by Country

In 2019, the export price for jams, jellies, puree and pastes in the European Union amounted to $2,304 per tonne, standing approx. at the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 6.6% y-o-y. Over the period under review, export prices hit record highs at $2,471 per tonne in 2013; however, from 2014 to 2019, export prices failed to regain momentum.

Prices varied noticeably by the country of origin; the country with the highest price was France ($3,992 per tonne), while Poland ($1,524 per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced mixed trends in the export price figures.

Source: IndexBox AI Platform

sweet potato
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The Sweet Potato Market in Latin America and the Caribbean Peaked at $3.4B

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

In 2019, the Latin American sweet potato market was finally on the rise to reach $3.4B for the first time since 2016, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.2% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2019 and is likely to see further growth in years to come.

Consumption by Country

The countries with the highest volumes of sweet potato consumption in 2019 were Haiti (759K tonnes), Brazil (756K tonnes) and Cuba (564K tonnes), together accounting for 68% of total consumption. These countries were followed by Argentina, Peru, Uruguay and Mexico, which together accounted for a further 25%  (IndexBox estimates).

From 2013 to 2019, the most notable rate of growth in terms of sweet potato consumption, amongst the key consuming countries, was attained by Mexico, while sweet potato consumption for the other leaders experienced more modest paces of growth.

In value terms, Haiti ($1.4B) led the market, alone. The second position in the ranking was occupied by Cuba ($619M). It was followed by Brazil.

The countries with the highest levels of sweet potato per capita consumption in 2019 were Haiti (67 kg per person), Cuba (49 kg per person) and Uruguay (24 kg per person).

Production in Latin America and the Caribbean

For the seventh year in a row, Latin America and the Caribbean recorded growth in the production of sweet potato, which increased by 4.5% to 3.1M tonnes in 2019. The total output volume increased at an average annual rate of +4.0% from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The generally positive trend in terms of output was largely conditioned by a perceptible increase of the harvested area and a relatively flat trend pattern in yield figures.

Production by Country

The countries with the highest volumes of sweet potato production in 2019 were Brazil (764K tonnes), Haiti (759K tonnes) and Cuba (564K tonnes), together comprising 67% of total production. These countries were followed by Argentina, Peru, Uruguay and Mexico, which together accounted for a further 25%.

From 2013 to 2019, the biggest increases were in Mexico, while sweet potato production for the other leaders experienced more modest paces of growth.

Sweet Potato Harvested Area and Yield

The sweet potato harvested area was estimated at 294K ha in 2019, growing by 1.6% on the year before. The harvested area increased at an average annual rate of +4.3% from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years.

The average sweet potato yield amounted to 11 tonnes per ha in 2019, picking up by 2.8% compared with the previous year’s figure. Overall, the yield, however, showed a relatively flat trend pattern.

Imports in Latin America and the Caribbean

In 2019, approx. 13K tonnes of sweet potato were imported in Latin America and the Caribbean; which is down by -5.9% against 2018. Total imports indicated a buoyant increase from 2013 to 2019: its volume increased at an average annual rate of +9.6% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +73.4% against 2013 indices. In value terms, sweet potato imports amounted to $7M (IndexBox estimates) in 2019.

Imports by Country

Mexico was the major importer of sweet potato in Latin America and the Caribbean, with the volume of imports reaching 5.3K tonnes, which was near 42% of total imports in 2019. Argentina (2.3K tonnes) took the second position in the ranking, followed by Ecuador (1,479 tonnes), Uruguay (1,194 tonnes), Paraguay (602 tonnes) and Chile (583 tonnes). All these countries together held approx. 49% share of total imports. Trinidad and Tobago (393 tonnes) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of +15.2% from 2013 to 2019. At the same time, Paraguay (+60.8%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +60.8% from 2013-2019. Ecuador experienced a relatively flat trend pattern. By contrast, Chile (-4.9%), Uruguay (-5.6%), Argentina (-8.6%) and Trinidad and Tobago (-23.2%) illustrated a downward trend over the same period.

In value terms, Mexico ($3.3M) constitutes the largest market for imported sweet potato in Latin America and the Caribbean, comprising 48% of total imports. The second position in the ranking was occupied by Chile ($772K), with an 11% share of total imports. It was followed by Argentina, with an 8.5% share.

In Mexico, sweet potato imports expanded at an average annual rate of +24.5% over the period from 2013-2019. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+20.8% per year) and Argentina (-11.0% per year).

Import Prices by Country

The sweet potato import price in Latin America and the Caribbean stood at $551 per tonne in 2019, surging by 12% against the previous year. Over the last six-year period, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2017 an increase of 14% against the previous year. The level of imports peaked in 2019 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Chile ($1,324 per tonne), while Ecuador ($165 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Chile, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

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Ranking Third in Terms of the Market Size, Czechs Consume the Most Rabbit Meat Per Capita in Europe

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

The EU rabbit meat market reduced to $1.1B in 2019, waning by -3.6% 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). Over the period under review, consumption recorded a perceptible slump. The pace of growth appeared the most rapid in 2018 with an increase of 12% against the previous year. Over the period under review, the market attained the maximum level at $1.5B in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Consumption by Country

The countries with the highest volumes of rabbit meat consumption in 2019 were Spain (51K tonnes), Italy (45K tonnes) and the Czech Republic (40K tonnes), together accounting for 57% of total consumption. France, Germany, Bulgaria and Slovakia lagged somewhat behind, together comprising a further 36%.

From 2013 to 2019, the most notable rate of growth in terms of rabbit meat consumption, amongst the key consuming countries, was attained by Slovakia, while rabbit meat consumption for the other leaders experienced mixed trends in the consumption figures.

In value terms, the largest rabbit meat markets in the European Union were Germany ($249M), Spain ($213M) and Italy ($193M), together accounting for 58% of the total market. These countries were followed by France, the Czech Republic, Slovakia and Bulgaria, which together accounted for a further 36%.

In 2019, the highest levels of rabbit meat per capita consumption was registered in the Czech Republic (3.72 kg per person), followed by Spain (1.09 kg per person), Slovakia (0.82 kg per person) and Italy (0.75 kg per person), while the world average per capita consumption of rabbit meat was estimated at 0.46 kg per person.

Production in the EU

In 2019, approx. 234K tonnes of rabbit or hare meat were produced in the European Union; falling by -1.8% against 2018. In general, production saw a noticeable curtailment. The general negative trend in terms output was largely conditioned by a pronounced descent of the number of producing animals and a relatively flat trend pattern in yield figures.

Production by Country

The countries with the highest volumes of rabbit meat production in 2019 were Spain (54K tonnes), Italy (43K tonnes) and France (42K tonnes), with a combined 60% share of total production. These countries were followed by the Czech Republic, Germany, Hungary and Bulgaria, which together accounted for a further 35%.

From 2013 to 2019, the biggest increases were in Bulgaria, while rabbit meat production for the other leaders experienced a decline in the production figures.

Producing Animals and Yield

In 2019, number of animals slaughtered for rabbit meat production in the European Union shrank modestly to 144M heads, declining by -2.4% against 2018 figures. Over the period under review, the number of producing animals saw a pronounced decrease. The level of producing animals peaked at 175M heads in 2013; however, from 2014 to 2019, producing animals stood at a somewhat lower figure.

The average rabbit meat yield reached 1,631 kg per 1000 heads in 2019, standing approx. at the year before. Overall, the yield recorded a relatively flat trend pattern.

Exports in the EU

In 2019, shipments abroad of rabbit or hare meat decreased by -0.3% to 25K tonnes, falling for the fifth consecutive year after two years of growth. Overall, exports recorded a slight shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 8.8% year-to-year. As a result, exports attained the peak of 31K tonnes. From 2015 to 2019, the growth exports remained at a lower figure. In value terms, rabbit meat exports reduced to $130M (IndexBox estimates) in 2019.

Exports by Country

In 2019, France (6K tonnes), Spain (5.5K tonnes), Hungary (4.7K tonnes) and Belgium (4.3K tonnes) was the major exporter of rabbit or hare meat in the European Union, committing 81% of total export. It was distantly followed by Italy (1.5K tonnes), making up a 6% share of total exports. The following exporters – the Netherlands (912 tonnes) and Portugal (648 tonnes) – together made up 6% of total exports.

From 2013 to 2019, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Portugal, while exports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($29M), France ($28M) and Belgium ($25M) constituted the countries with the highest levels of exports in 2019, with a combined 62% share of total exports. Spain, the Netherlands, Italy and Portugal lagged somewhat behind, together comprising a further 30%.

Export Prices by Country

The rabbit meat export price in the European Union stood at $5,131 per tonne in 2019, dropping by -6% against the previous year. Overall, the export price showed a mild contraction. The growth pace was the most rapid in 2018 when the export price increased by 21% year-to-year. The level of export peaked at $5,638 per tonne in 2013; however, from 2014 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($7,147 per tonne), while Italy ($3,744 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Portugal, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

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Czechs, Germans, and Austrians Eat the Most Sausages Per Capita in Europe

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

For the sixth year in a row, the EU sausage market recorded a decline in sales value, which decreased by -1.5% to $22.5B in 2019. Over the period under review, the market reached the maximum level at $26.7B in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.

Consumption by Country

Germany (1.5M tonnes) constituted the country with the largest volume of sausage consumption, comprising approx. 27% of the total volume. Moreover, sausage consumption in Germany exceeded the figures recorded by the second-largest consumer, Poland (574K tonnes), threefold. France (495K tonnes) ranked third in terms of total consumption with an 8.8% share.

From 2013 to 2019, the average annual growth rate of volume in Germany was relatively modest. In other countries, the average annual rates were as follows: Poland (+2.1% per year) and France (+2.0% per year).

In value terms, Germany ($7.6B) led the market, alone. The second position in the ranking was occupied by France ($2.6B). It was followed by Spain.

The countries with the highest levels of sausage per capita consumption in 2019 were the Czech Republic (19 kg per person), Germany (19 kg per person) and Austria (16 kg per person).

From 2013 to 2019, the most notable rate of growth in terms of sausage per capita consumption, amongst the key consuming countries, was attained by Italy, while sausage per capita consumption for the other leaders experienced more modest paces of growth.

Production in the EU

For the fifth year in a row, the European Union recorded growth in the production of sausages and similar products of meat, which increased by 1% to 5.7M tonnes in 2019. The total output volume increased at an average annual rate of +1.2% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 3% y-o-y. The volume of production peaked in 2019 and is likely to see steady growth in the immediate term.

Production by Country

The country with the largest volume of sausage production was Germany (1.6M tonnes), comprising approx. 28% of the total volume. Moreover, sausage production in Germany exceeded the figures recorded by the second-largest producer, Poland (676K tonnes), twofold. The third position in this ranking was occupied by Spain (525K tonnes), with a 9.2% share.

From 2013 to 2019, the average annual growth rate of volume in Germany amounted to +1.6%. In other countries, the average annual rates were as follows: Poland (+3.0% per year) and Spain (+4.7% per year).

Exports in the EU

In 2019, sausage exports in the European Union were estimated at 857K tonnes, picking up by 3.2% compared with 2018. The total export volume increased at an average annual rate of +1.4% over the period from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. In value terms, sausage exports stood at $3.9B (IndexBox estimates) in 2019.

Exports by Country

In 2019, Germany (165K tonnes), followed by Poland (109K tonnes), Italy (75K tonnes), Spain (75K tonnes), the Netherlands (56K tonnes), Belgium (55K tonnes), Austria (50K tonnes) and France (44K tonnes) represented the largest exporters of sausages and similar products of meat, together creating 73% of total exports. Denmark (36K tonnes), Slovakia (30K tonnes), the Czech Republic (27K tonnes) and Hungary (20K tonnes) followed a long way behind the leaders.

From 2013 to 2019, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Slovakia, while exports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($788M), Italy ($548M) and Spain ($475M) appeared to be the countries with the highest levels of exports in 2019, together comprising 47% of total exports. These countries were followed by Poland, Austria, France, Denmark, the Netherlands, Belgium, Hungary, the Czech Republic and Slovakia, which together accounted for a further 43%.

Slovakia saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The sausage export price in the European Union stood at $4,533 per tonne in 2019, with a decrease of -2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 7% year-to-year. As a result, the export price reached the peak level of $4,627 per tonne, and then contracted modestly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($7,311 per tonne), while Slovakia ($2,824 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

date
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France, the UK, and Germany Comprise Over a Half of the European Date Market

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

The EU date market rose slightly to $324M in 2019, increasing by 1.6% 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 +4.0% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 19% against the previous year. The level of consumption peaked in 2019 and is likely to see gradual growth in the near future.

Consumption by Country

The countries with the highest volumes of date consumption in 2019 were France (27K tonnes), the UK (21K tonnes), and Germany (15K tonnes), with a combined 53% share of total consumption. Italy, Spain, Belgium, Poland, the Netherlands, Denmark, Sweden, and Austria lagged somewhat behind, together comprising a further 37%.

From 2013 to 2019, the biggest increases were in Poland, while date consumption for the other leaders experienced more modest paces of growth.

In value terms, France ($62M), the UK ($60M), and Germany ($44M) were the countries with the highest levels of market value in 2019, with a combined 51% share of the total market. These countries were followed by Spain, Italy, the Netherlands, Belgium, Denmark, Austria, Sweden, and Poland, which together accounted for a further 40%.

The countries with the highest levels of date per capita consumption in 2019 were Denmark (655 kg per 1000 persons), France (412 kg per 1000 persons) and Belgium (367 kg per 1000 persons).

Imports in the EU

In 2019, approx. 161K tonnes of dates were imported in the European Union; with an increase of 8.7% compared with 2018. The total import volume increased at an average annual rate of +5.5% from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, date imports reached $444M (IndexBox estimates) in 2019. Over the period under review, imports reached the peak figure in 2019 and are likely to continue growing in the near future.

Imports by Country

In 2019, France (43K tonnes), distantly followed by Germany (24K tonnes), the UK (22K tonnes), Italy (13K tonnes), the Netherlands (12K tonnes), and Spain (11K tonnes) represented the main importers of dates, together achieving 78% of total imports. Belgium (7.1K tonnes), Denmark (4.5K tonnes), Poland (4.1K tonnes), Sweden (3.4K tonnes), and Austria (2.7K tonnes) held a minor share of total imports.

From 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest date importing markets in the European Union were France ($96M), Germany ($71M) and the UK ($64M), together accounting for 52% of total imports. These countries were followed by the Netherlands, Italy, Spain, Belgium, Denmark, Austria, Sweden and Poland, which together accounted for a further 40%.

Import Prices by Country

The date import price in the European Union stood at $2,753 per tonne in 2019, dropping by -5.9% against the previous year. Over the last six-year period, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 an increase of 8.4% year-to-year. As a result, import price attained the peak level of $2,925 per tonne, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was the Netherlands ($3,962 per tonne), while Poland ($2,014 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

asparagus
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Mexico and Peru Dominate the Rising American Asparagus Market

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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.

The U.S. asparagus market rose modestly to $717M in 2019, surging by 4.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +5.9% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Asparagus consumption peaked in 2019 and is expected to retain growth in the immediate term.

Production in the U.S.

In 2019, the production of asparagus decreased by -4.7% to 34K tonnes, falling for the second year in a row after two years of growth. Overall, production showed a relatively flat trend pattern. In value terms, asparagus production contracted to $123M in 2019. Given the relatively small production volume, the market is largely supplied by imported asparagus.

Harvested Area and Yield in the U.S.

The asparagus harvested area in the U.S. contracted to 8.3K ha in 2019, with a decrease of -5.1% compared with the previous year’s figure. In general, the harvested area continues to indicate a noticeable shrinkage.

The average yield of asparagus in the U.S. reached 4.1 tonnes per ha in 2019, remaining stable against the previous year. The yield figure increased at an average annual rate of +2.6% from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years.

Imports into the U.S.

In 2019, imports of asparagus into the U.S. amounted to 259K tonnes, therefore, remained relatively stable against the previous year. The total import volume increased at an average annual rate of +5.6% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

In value terms, asparagus imports rose sharply to $761M (IndexBox estimates) in 2019. The total import value increased at an average annual rate of +7.0% over the period from 2013 to 2019.

Imports by Country

Mexico (166K tonnes) and Peru (91K tonnes) were the main suppliers of asparagus imports to the U.S., together comprising 99% of total imports.

From 2013 to 2019, the biggest increases were recorded for imports from Mexico, which increased from 96K tonnes to 166K tonnes.

In value terms, the largest asparagus suppliers to the U.S. were Mexico ($435M) and Peru ($316M), with a combined 99% share of total imports.

Import Prices by Country

In 2019, the average asparagus import price amounted to $2,931 per tonne, increasing by 5% against the previous year. Over the period from 2013 to 2019, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2015 an increase of 22% against the previous year. As a result, import price attained the peak level of $3,378 per tonne. From 2016 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Peru ($3,458 per tonne), while the price for Mexico amounted to $2,624 per tonne.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Peru.

Source: IndexBox AI Platform

peanut butter
Archives, EU Trade, Global Trade Daily, Imports/Exports

The European Peanut Butter Market Dropped to $1.4B, Losing Previous Growth Momentum

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

In 2019, the EU peanut butter market decreased by -6.8% to $1.4B, falling for the second year in a row after two years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the market value increased by 11% against the previous year. As a result, consumption attained the peak level of $1.5B. From 2018 to 2019, the growth of the market remained at a somewhat lower figure.

Consumption by Country

The countries with the highest volumes of peanut butter consumption in 2019 were the UK (103K tonnes), Germany (92K tonnes) and France (72K tonnes), with a combined 55% share of total consumption. Poland, Spain, the Netherlands, Belgium, Portugal, Bulgaria, Sweden, Denmark and the Czech Republic lagged somewhat behind, together comprising a further 31%.

From 2013 to 2019, the most notable rate of growth in terms of peanut butter consumption, amongst the main consuming countries, was attained by Denmark, while peanut butter consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest peanut butter markets in the European Union were the UK ($395M), Germany ($252M) and France ($177M), with a combined 60% share of the total market. Spain, Poland, the Netherlands, Bulgaria, Belgium, Sweden, Denmark, the Czech Republic and Portugal lagged somewhat behind, together accounting for a further 27%.

The countries with the highest levels of peanut butter per capita consumption in 2019 were Denmark (1.76 kg per person), Bulgaria (1.65 kg per person) and the UK (1.53 kg per person).

Production in the EU

In 2019, after four years of growth, there was a decline in the production of peanut butter and prepared or preserved groundnuts, when its volume decreased by -1.5% to 451K tonnes. The total output volume increased at an average annual rate of +3.2% over the period from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period.

Production by Country

The countries with the highest volumes of peanut butter production in 2019 were the Netherlands (101K tonnes), Germany (79K tonnes) and the UK (66K tonnes), with a combined 54% share of total production. Poland, Spain, France, Belgium, Italy, Portugal, Hungary, Luxembourg and Bulgaria lagged somewhat behind, together accounting for a further 40%.

From 2013 to 2019, the biggest increases were in Luxembourg, while peanut butter production for the other leaders experienced more modest paces of growth.

Imports in the EU

In 2019, purchases abroad of peanut butter and prepared or preserved groundnuts decreased by -10.6% to 256K tonnes, falling for the second consecutive year after five years of growth. The total import volume increased at an average annual rate of +1.6% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of imports peaked at 318K tonnes in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure. In value terms, peanut butter imports shrank to $688M (IndexBox estimates) in 2019.

Imports by Country

In 2019, France (52K tonnes), the UK (50K tonnes) and Germany (39K tonnes) was the largest importer of peanut butter and prepared or preserved groundnuts in the European Union, comprising 55% of total import. It was distantly followed by the Netherlands (12K tonnes) and Sweden (12K tonnes), together achieving a 9.4% share of total imports. Austria (10K tonnes), Poland (9.4K tonnes), the Czech Republic (8.8K tonnes), Belgium (8.4K tonnes), Romania (6.5K tonnes), Spain (6.3K tonnes) and Ireland (5.5K tonnes) followed a long way behind the leaders.

From 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Austria, while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($129M), the UK ($117M) and Germany ($102M) were the countries with the highest levels of imports in 2019, together comprising 51% of total imports. These countries were followed by the Netherlands, Sweden, Austria, Poland, Belgium, the Czech Republic, Spain, Ireland and Romania, which together accounted for a further 33%.

Import Prices by Country

The peanut butter import price in the European Union stood at $2,684 per tonne in 2019, with an increase of 2.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 10% against the previous year.

Average prices varied somewhat amongst the major importing countries. In 2019, major importing countries recorded the following prices: in the Netherlands ($3,252 per tonne) and Ireland ($3,184 per tonne), while the Czech Republic ($2,283 per tonne) and the UK ($2,350 per tonne) were amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

broccoli
Archives, Global Trade Daily, Imports/Exports, News

Mexican Cauliflower And Broccoli Growers Enjoy Rising Demand in the U.S., the Fastest-Growing Importer

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

The global cauliflower and broccoli market expanded slightly to $23.1B in 2019, surging by 4.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

The market value increased at an average annual rate of +4.6% from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the peak level in 2019 and is likely to see steady growth in the near future.

Consumption by Country

The countries with the highest volumes of cauliflower and broccoli consumption in 2019 were China (11M tonnes), India (9.2M tonnes) and the U.S. (1.2M tonnes), with a combined 78% share of global consumption. These countries were followed by Mexico, which accounted for a further 1.9%.

From 2013 to 2019, the most notable rate of growth in terms of cauliflower and broccoli consumption, amongst the leading consuming countries, was attained by Mexico, while cauliflower and broccoli consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest cauliflower and broccoli markets worldwide were China ($9B), India ($6B) and the U.S. ($1.6B), with a combined 72% share of the global market. Mexico lagged somewhat behind, comprising a further 2.6%.

The countries with the highest levels of cauliflower and broccoli per capita consumption in 2019 were China (7.45 kg per person), India (6.68 kg per person) and Mexico (3.81 kg per person).

Production

For the seventh consecutive year, the global market recorded growth in production of cauliflower and broccoli, which increased by 3.2% to 27M tonnes in 2019. The total output volume increased at an average annual rate of +2.6% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The generally positive trend in terms output was largely conditioned by perceptible growth of the harvested area and a relatively flat trend pattern in yield figures.

Production by Country

The countries with the highest volumes of cauliflower and broccoli production in 2019 were China (11M tonnes), India (9.2M tonnes) and the U.S. (1.2M tonnes), with a combined 78% share of global production. Mexico and Spain lagged somewhat behind, together accounting for a further 5.6%.

From 2013 to 2019, the biggest increases were in Mexico, while cauliflower and broccoli production for the other global leaders experienced more modest paces of growth.

Harvested Area and Yield

In 2019, approx. 1.5M ha of cauliflower and broccoli were harvested worldwide; growing by 2.9% in 2018. The harvested area increased at an average annual rate of +2.7% from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. The global average cauliflower and broccoli yield was estimated at 19 tonnes per ha in 2019, stabilizing at the previous year.

Exports

In 2019, global exports of cauliflower and broccoli rose modestly to 1.3M tonnes, increasing by 2.4% on the year before. The total export volume increased at an average annual rate of +2.2% over the period from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by 6.3% y-o-y. As a result, exports attained a peak of 1.4M tonnes. From 2018 to 2019, the growth of global exports remained at a lower figure. In value terms, cauliflower and broccoli exports expanded notably to $1.5B (IndexBox estimates) in 2019.

Exports by Country

Spain (385K tonnes) and Mexico (286K tonnes) represented roughly 51% of total exports of cauliflower and broccoli in 2019. They were distantly followed by the U.S. (120K tonnes), France (118K tonnes), China (87K tonnes) and Italy (72K tonnes), together creating a 30% share of total exports. The Netherlands (42K tonnes) took a minor share of total exports.

From 2013 to 2019, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mexico, while exports for the other global leaders experienced more modest paces of growth. Exports from Mexico increased tangibly from 2016-2019, driven by rising demand in the U.S.

In value terms, Spain ($480M), Mexico ($360M) and the U.S. ($167M) were the countries with the highest levels of exports in 2019, with a combined 66% share of global exports.

Among the main exporting countries, Mexico recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average cauliflower and broccoli export price amounted to $1,154 per tonne, with an increase of 4.8% against the previous year. Over the last six-year period, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2016 an increase of 7.1% y-o-y. The global export price peaked in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was the Netherlands ($1,450 per tonne), while China ($825 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform