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Global Lard Market to Grow 1.6% a Year through 2025, Fuelled by Rising Demand in China

Global Lard Market to Grow 1.6% a Year through 2025, Fuelled by Rising Demand in China

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

The global lard market revenue amounted to $15.7B in 2018, jumping by 2.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.1% from 2012 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the market value increased by 6.6% against the previous year. Over the period under review, the global lard market attained its peak figure level in 2018 and is expected to retain its growth in the near future.

Consumption By Country

The country with the largest volume of lard consumption was China (2.6M tonnes), accounting for 40% of total consumption. Moreover, lard consumption in China exceeded the figures recorded by the world’s second-largest consumer, Germany (615K tonnes), fourfold. Brazil (478K tonnes) ranked third in terms of total consumption with a 7.3% share.

From 2012 to 2018, the average annual growth rate of volume in China totaled +2.2%. In the other countries, the average annual rates were as follows: Germany (+0.7% per year) and Brazil (+1.3% per year).

In value terms, China ($11.1B) led the market, alone. The second position in the ranking was occupied by Russia ($1B). It was followed by Brazil.

The countries with the highest levels of lard per capita consumption in 2018 were Belgium (12,397 kg per 1000 persons), Germany (7,481 kg per 1000 persons) and Canada (4,662 kg per 1000 persons).

From 2012 to 2018, the most notable rate of growth in terms of lard per capita consumption, amongst the main consuming countries, was attained by Russia, while the other global leaders experienced more modest paces of growth.

Market Forecast 2019-2025

Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.6% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 7.3M tonnes by the end of 2025.

Production 2007-2018

Global lard production totaled 6.5M tonnes in 2018, increasing by 2% against the previous year. The total output volume increased at an average annual rate of +1.6% over the period from 2012 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 2.5% against the previous year. The global lard production peaked in 2018 and is expected to retain its growth in the immediate term.

In value terms, lard production stood at $15.6B in 2018 estimated in export prices. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2018; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. The global lard production peaked in 2018 and is likely to continue its growth in the near future.

Production By Country

The country with the largest volume of lard production was China (2.6M tonnes), accounting for 39% of total production. Moreover, lard production in China exceeded the figures recorded by the world’s second-largest producer, Germany (653K tonnes), fourfold. The third position in this ranking was occupied by Brazil (481K tonnes), with a 7.4% share.

In China, lard production expanded at an average annual rate of +2.3% over the period from 2012-2018. In the other countries, the average annual rates were as follows: Germany (+0.6% per year) and Brazil (+1.3% per year).

Exports 2007-2018

In 2018, approx. 243K tonnes of lard were exported worldwide; jumping by 9.2% against the previous year. Over the period under review, lard exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 11% y-o-y. The global exports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, lard exports amounted to $220M (IndexBox estimates) in 2018. In general, lard exports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2017 when exports increased by 26% y-o-y. The global exports peaked at $241M in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

Germany (46K tonnes), Spain (45K tonnes) and Belgium (35K tonnes) represented roughly 52% of total exports of lard in 2018. The U.S. (17K tonnes) ranks next in terms of the total exports with a 6.9% share, followed by the Netherlands (5.7%), Italy (5.3%) and Austria (5%). France (10,645 tonnes), Canada (9,206 tonnes), Denmark (7,849 tonnes), Poland (7,002 tonnes) and Portugal (4,028 tonnes) took a minor share of total exports.

From 2012 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Portugal, while the other global leaders experienced more modest paces of growth.

In value terms, Spain ($57M), Germany ($31M) and Belgium ($23M) appeared to be the countries with the highest levels of exports in 2018, together comprising 50% of global exports. The U.S., Italy, the Netherlands, Canada, Poland, France, Austria, Denmark and Portugal lagged somewhat behind, together accounting for a further 41%.

In terms of the main exporting countries, Portugal experienced the highest rates of growth with regard to exports, over the last six years, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average lard export price amounted to $902 per tonne, falling by -4.1% against the previous year. Over the period under review, the lard export price continues to indicate a temperate slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 15% against the previous year. The global export price peaked at $1,027 per tonne in 2012; however, from 2013 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Poland ($1,359 per tonne), while Austria ($452 per tonne) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced mixed trends in the export price figures.

Imports 2007-2018

Global imports stood at 223K tonnes in 2018, increasing by 8.2% against the previous year. The total import volume increased at an average annual rate of +1.3% from 2012 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 11% y-o-y. In that year, global lard imports attained their peak of 236K tonnes. From 2016 to 2018, the growth of global lard imports remained at a somewhat lower figure.

In value terms, lard imports totaled $194M (IndexBox estimates) in 2018. In general, lard imports continue to indicate a moderate drop. The pace of growth appeared the most rapid in 2017 with an increase of 11% y-o-y. Over the period under review, global lard imports attained their peak figure at $227M in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Spain (50K tonnes), distantly followed by the Netherlands (26K tonnes), Mexico (20K tonnes), Slovakia (18K tonnes), Denmark (16K tonnes) and France (11K tonnes) were the key importers of lard, together achieving 63% of total imports. Belgium (9,105 tonnes), the UK (7,294 tonnes), Germany (7,042 tonnes), the U.S. (6,910 tonnes), Portugal (6,763 tonnes) and the Philippines (5,311 tonnes) followed a long way behind the leaders.

From 2012 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Philippines, while the other global leaders experienced more modest paces of growth.

In value terms, Spain ($41M), Mexico ($22M) and the Netherlands ($18M) were the countries with the highest levels of imports in 2018, with a combined 42% share of global imports. Denmark, Belgium, France, the U.S., the UK, Germany, Slovakia, Portugal and the Philippines lagged somewhat behind, together accounting for a further 35%.

Slovakia experienced the highest growth rate of imports, in terms of the main importing countries over the last six-year period, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average lard import price amounted to $870 per tonne, standing approx. at the previous year. In general, the lard import price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 13% y-o-y. Over the period under review, the average import prices for lard attained their peak figure at $1,100 per tonne in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($1,157 per tonne), while the Philippines ($131 per tonne) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of prices was attained by Denmark, while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

european market

European Market for Citrus Fruit Jams and Purees – France Benefits from the Highest Export Price ($4,292 per tonne)

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

The market revenue for citrus fruit preserves (jams, marmalades, jellies, purees, and pastes) in the European Union amounted to $319M in 2018, growing by 8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). In general, citrus fruit preserves consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. The level of citrus fruit preserves consumption peaked at $331M in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Consumption By Country in the EU

The countries with the highest volumes of citrus fruit preserves consumption in 2018 were the UK (26K tonnes), Italy (24K tonnes) and Spain (18K tonnes), with a combined 56% share of total consumption. France, the Netherlands, Belgium, the Czech Republic, Germany, Romania, Ireland, Poland and Hungary lagged somewhat behind, together accounting for a further 33%.

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

In value terms, the UK ($83M), Italy ($60M) and France ($42M) appeared to be the countries with the highest levels of market value in 2018, with a combined 58% share of the total market. These countries were followed by Spain, Belgium, the Netherlands, the Czech Republic, Ireland, Romania, Germany, Hungary and Poland, which together accounted for a further 32%.

The countries with the highest levels of citrus fruit preserves per capita consumption in 2018 were Ireland (591 kg per 1000 persons), Italy (412 kg per 1000 persons) and Belgium (410 kg per 1000 persons).

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

Production in the EU

In 2018, approx. 125K tonnes of citrus fruit jams, marmalades, jellies, purees or pastes were produced in the European Union; rising by 13% against the previous year. Overall, citrus fruit preserves production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when production volume increased by 29% y-o-y. The volume of citrus fruit preserves production peaked at 138K tonnes in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

In value terms, citrus fruit preserves production amounted to $313M in 2018 estimated in export prices. The total output value increased at an average annual rate of +1.1% over the period from 2007 to 2018; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when production volume increased by 22% against the previous year. In that year, citrus fruit preserves production attained its peak level of $338M. From 2009 to 2018, citrus fruit preserves production growth remained at a lower figure.

Production By Country in the EU

The countries with the highest volumes of citrus fruit preserves production in 2018 were the UK (26K tonnes), Spain (24K tonnes) and Italy (24K tonnes), with a combined 59% share of total production. France, Belgium, the Netherlands, Germany, the Czech Republic, Romania, Denmark, Hungary and Poland lagged somewhat behind, together accounting for a further 32%.

From 2007 to 2018, the most notable rate of growth in terms of citrus fruit preserves production, amongst the main producing countries, was attained by Belgium, while the other leaders experienced more modest paces of growth.

Exports in the EU

In 2018, approx. 36K tonnes of citrus fruit jams, marmalades, jellies, purees or pastes were exported in the European Union; surging by 7.5% against the previous year. The total export volume increased at an average annual rate of +2.7% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2017 with an increase of 14% y-o-y. Over the period under review, citrus fruit preserves exports attained their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, citrus fruit preserves exports stood at $87M (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +1.9% from 2007 to 2018; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when exports increased by 15% y-o-y. Over the period under review, citrus fruit preserves exports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

The exports of the eight major exporters of citrus fruit jams, marmalades, jellies, purees or pastes, namely Spain, the UK, Germany, France, Denmark, Italy, Belgium and Ireland, represented more than two-thirds of total export.

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

In value terms, France ($19M), the UK ($15M) and Spain ($15M) appeared to be the countries with the highest levels of exports in 2018, with a combined 55% share of total exports.

In terms of the main exporting countries, Spain recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The citrus fruit preserves export price in the European Union stood at $2,436 per tonne in 2018, increasing by 2.5% against the previous year. Overall, the citrus fruit preserves export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 15% y-o-y. In that year, the export prices for citrus fruit jams, marmalades, jellies, purees or pastes reached their peak level of $3,042 per tonne. From 2014 to 2018, the growth in terms of the export prices for citrus fruit jams, marmalades, jellies, purees or pastes remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($4,292 per tonne), while Denmark ($1,750 per tonne) was amongst the lowest.

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

Imports in the EU

In 2018, the amount of citrus fruit jams, marmalades, jellies, purees or pastes imported in the European Union amounted to 32K tonnes, going up by 11% against the previous year. The total import volume increased at an average annual rate of +2.9% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. The volume of imports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, citrus fruit preserves imports stood at $69M (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +1.3% over the period from 2007 to 2018; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 28% year-to-year. Over the period under review, citrus fruit preserves imports reached their maximum in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

France (7,472 tonnes) and the UK (6,570 tonnes) represented roughly 43% of total imports of citrus fruit jams, marmalades, jellies, purees or pastes in 2018. Germany (3,454 tonnes) ranks next in terms of the total imports with a 11% share, followed by Italy (9.5%), Ireland (9.1%) and Portugal (6%). Poland (1,196 tonnes), Sweden (1,188 tonnes), Spain (1,175 tonnes), the Netherlands (759 tonnes) and Belgium (565 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 Portugal, while the other leaders experienced more modest paces of growth.

In value terms, the UK ($14M), France ($13M) and Germany ($10M) were the countries with the highest levels of imports in 2018, with a combined 54% share of total imports. Italy, Portugal, Ireland, Sweden, Spain, Belgium, Poland and the Netherlands lagged somewhat behind, together accounting for a further 37%.

Portugal recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The citrus fruit preserves import price in the European Union stood at $2,121 per tonne in 2018, approximately mirroring the previous year. Overall, the citrus fruit preserves import price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2008 an increase of 7% y-o-y. Over the period under review, the import prices for citrus fruit jams, marmalades, jellies, purees or pastes attained their maximum at $2,824 per tonne in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($4,655 per tonne), while Ireland ($1,386 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 mixed trends in the import price figures.

Source: IndexBox AI Platform

fruits nuts

U.S. – Fruits, Nuts And Peel (Sugar Preserved) – Market Analysis, Forecast, Size, Trends and Insights

IndexBox has just published a new report: ‘U.S. – Fruits, Nuts And Peel (Sugar Preserved) – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Exports from the U.S.

In 2018, the amount of fruits, nuts and peel (sugar preserved) exported from the U.S. stood at 5.2K tonnes, shrinking by -7.3% against the previous year. Overall, exports of fruits, nuts and peel (sugar preserved) continue to indicate a slight reduction. The growth pace was the most rapid in 2009 with an increase of 42% y-o-y. Exports peaked at 9.3K tonnes in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

In value terms, exports of fruits, nuts and peel (sugar preserved) totaled $11M (IndexBox estimates) in 2018. Over the period under review, exports of fruits, nuts and peel (sugar preserved) continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2009 with an increase of 76% against the previous year. In that year, exports of fruits, nuts and peel (sugar preserved) reached their peak of $21M. From 2010 to 2018, the growth of exports of fruits, nuts and peel (sugar preserved) failed to regain its momentum.

Exports by Country

Canada (1.8K tonnes) was the main destination for exports of fruits, nuts and peel (sugar preserved) from the U.S., with a 35% share of total exports. Moreover, exports of fruits, nuts and peel (sugar preserved) to Canada exceeded the volume sent to the second major destination, Saudi Arabia (385 tonnes), fivefold. The third position in this ranking was occupied by China (352 tonnes), with a 6.8% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Canada stood at +16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+11.9% per year) and China (+9.2% per year).

In value terms, Canada ($2.7M), China ($1.6M) and Turkey ($888K) constituted the largest markets for sweetened dried fruit and nut exported from the U.S. worldwide, together accounting for 46% of total exports.

Turkey recorded the highest growth rate of exports, among the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for fruits, nuts and peel (sugar preserved) stood at $2,198 per tonne in 2018, coming down by -1.5% against the previous year. Over the period under review, the export price for fruits, nuts and peel (sugar preserved), however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 an increase of 25% year-to-year. In that year, the average export prices for fruits, nuts and peel (sugar preserved) attained their peak level of $2,776 per tonne. From 2010 to 2018, the growth in terms of the average export prices for fruits, nuts and peel (sugar preserved) failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Turkey ($4,656 per tonne), while the average price for exports to Australia ($983 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan, Chinese, while the prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

In 2018, the imports of fruits, nuts and peel (sugar preserved) into the U.S. totaled 9.4K tonnes, picking up by 22% against the previous year. In general, imports of fruits, nuts and peel (sugar preserved), however, continue to indicate a slight downturn. The pace of growth was the most pronounced in 2018 with an increase of 22% y-o-y. Imports peaked at 12K tonnes in 2010; however, from 2011 to 2018, imports failed to regain their momentum.

In value terms, imports of fruits, nuts and peel (sugar preserved) stood at $32M (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +2.3% from 2007 to 2018; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of 18% year-to-year. Over the period under review, imports of fruits, nuts and peel (sugar preserved) reached their peak figure in 2018 and are likely to continue its growth in the near future.

Imports by Country

In 2018, Thailand (4.5K tonnes) constituted the largest supplier of sweetened dried fruit and nut to the U.S., with a 48% share of total imports. Moreover, imports of fruits, nuts and peel (sugar preserved) from Thailand exceeded the figures recorded by the second-largest supplier, China (827 tonnes), fivefold. The third position in this ranking was occupied by Fiji (722 tonnes), with a 7.7% share.

From 2007 to 2018, the average annual growth rate of volume from Thailand totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.9% per year) and Fiji (+20.1% per year).

In value terms, Thailand ($14.2M) constituted the largest supplier of sweetened dried fruit and nut to the U.S., comprising 45% of total imports of fruits, nuts and peel (sugar preserved). The second position in the ranking was occupied by Fiji ($3.5M), with a 11% share of total imports. It was followed by China, with a 11% share.

From 2007 to 2018, the average annual growth rate of value from Thailand totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Fiji (+23.8% per year) and China (+0.5% per year).

Import Prices by Country

In 2018, the average import price for fruits, nuts and peel (sugar preserved) amounted to $3,379 per tonne, falling by -9.4% against the previous year. Overall, the import price indicated a noticeable increase from 2007 to 2018: its price increased at an average annual rate of +3.5% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, import price for fruits, nuts and peel (sugar preserved) increased by +54.7% against 2009 indices. The pace of growth was the most pronounced in 2013 an increase of 27% year-to-year. Over the period under review, the average import prices for fruits, nuts and peel (sugar preserved) reached their peak figure at $3,729 per tonne in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Fiji ($4,917 per tonne), while the price for India ($1,887 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

corn exports

U.S. Wet Corn Exports Rose for the Third Consecutive Year

IndexBox has just published a new report: ‘U.S. Wet Corn Market. Analysis And Forecast to 2025’. Here is a summary of the report’s key findings.

The revenue of the wet corn market in the U.S. amounted to $8.7B in 2018, dropping by -8.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Over the period under review, wet corn consumption continues to indicate a drastic deduction. The pace of growth appeared the most rapid in 2016 with a decrease of -1.8% against the previous year. Wet corn consumption peaked at $15.3B in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Wet Corn Production in the U.S.

In value terms, wet corn production stood at $9.6B in 2018. In general, wet corn production continues to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when production volume decreased by -1.1% year-to-year. Wet corn production peaked at $16.7B in 2013; however, from 2014 to 2018, production remained at a lower figure.

Exports from the U.S.

In 2018, the amount of wet corn exported from the U.S. stood at 2.1M tonnes, falling by -15.1% against the previous year. Over the period under review, wet corn exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2016 when exports increased by 5.2% year-to-year. Over the period under review, wet corn exports reached their peak figure at 2.6M tonnes in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, wet corn exports stood at $922M (IndexBox estimates) in 2018. In general, wet corn exports continue to indicate a deep shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 1.8% y-o-y. Over the period under review, wet corn exports attained their peak figure at $1.6B in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

Ireland (493K tonnes), Israel (265K tonnes) and Colombia (147K tonnes) were the main destinations of wet corn exports from the U.S., with a combined 43% share of total exports. Chile, Egypt, the UK, Indonesia, Turkey, Morocco, New Zealand, Portugal and China lagged somewhat behind, together comprising a further 39%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by New Zealand (+86.2% per year), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($96M), Ireland ($92M) and Colombia ($78M) were the largest markets for wet corn exported from the U.S. worldwide, together accounting for 29% of total exports. Egypt, Indonesia, China, Israel, the UK, New Zealand, Turkey, Morocco and Portugal lagged somewhat behind, together comprising a further 34%.

New Zealand recorded the highest growth rate of exports, among the main countries of destination over the last five-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wet corn export price stood at $435 per tonne in 2018, going down by -11.2% against the previous year. In general, the wet corn export price continues to indicate a deep descent. The pace of growth was the most pronounced in 2015 when the average export price increased by 1.7% y-o-y. Over the period under review, the average export prices for wet corn attained their peak figure at $629 per tonne in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($1,055 per tonne), while the average price for exports to Portugal ($153 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced a decline.

Imports into the U.S.

In 2018, approx. 467K tonnes of wet corn were imported into the U.S.; increasing by 5.5% against the previous year. Overall, the total imports indicated a strong expansion from 2013 to 2018: its volume increased at an average annual rate of +9.5% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, wet corn imports increased by +57.5% against 2013 indices. The growth pace was the most rapid in 2015 with an increase of 16% year-to-year. Imports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, wet corn imports totaled $506M (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +7.7% over the period from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 12% y-o-y. In that year, wet corn imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

Thailand (128K tonnes), Germany (70K tonnes) and the Netherlands (41K tonnes) were the main suppliers of wet corn imports to the U.S., with a combined 51% share of total imports. These countries were followed by Pakistan, Denmark, France, China, Belgium, Taiwan, Chinese, Poland, Viet Nam and Brazil, which together accounted for a further 34%.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Viet Nam, while the other leaders experienced more modest paces of growth.

In value terms, the largest wet corn suppliers to the U.S. were Germany ($84M), Thailand ($82M) and the Netherlands ($46M), together comprising 42% of total imports. France, Belgium, Pakistan, China, Denmark, Taiwan, Chinese, Viet Nam, Brazil and Poland lagged somewhat behind, together comprising a further 40%.

Viet Nam recorded the highest growth rate of imports, among the main suppliers over the last five-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average wet corn import price amounted to $1,083 per tonne, rising by 6.6% against the previous year. In general, the wet corn import price, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2018 when the average import price increased by 6.6% year-to-year. Over the period under review, the average import prices for wet corn reached their maximum at $1,194 per tonne in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Belgium ($2,141 per tonne), while the price for Thailand ($641 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Taiwan, Chinese, while the prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

Archer-Daniels-Midland Company, Ingredion Incorporated, Roquette America, Inc., Penford Corporation, Penford Products Co., Briess Industries, Inc., Rahr Malting Co., Malteurop North America Inc., Tate & Lyle Ingredients Americas LLC, Malt Products Corporation, Enjoy Life Natural Brands, Semo Milling, Great Western Malting Co, Western Polymer Corporation, Gro Alliance, Philadelphia Beer Works Inc, Unilever Bestfoods North America, Anderson Custom Processing, Tate & Lyle Americas, Great Western Malting, La Aceitera Inc, Holdings In Zone Inc, Staley Holdings, Cornproducts/Mcp Sweeteners, High Sea Sugar

Source: IndexBox AI Platform

trade

Peeling Away Trade Protections for Bananas

Simple in appearance, pleasantly sweet, nutritious, and nearly universal in appeal, that Cavendish bunch of bananas on your counter comes off as pretty unassuming. In reality, it has been through jungle wars and trade wars and now sits on the precipice of extinction. More than half of the bananas traded globally are the Cavendish variety. But with two diseases threatening the world’s largest Cavendish plantations, growing to love more varieties could help save trade in bananas.

Still an Important Cash Crop

Grown in more than 150 countries, bananas are the eighth most important food crop in the world – fourth most important in developing countries. Bananas are among the most traded fruit in the world, generating revenues of more than $8 billion a year for the top banana exporters including Ecuador, the Philippines, Costa Rica, Colombia and Guatemala. However, most are produced for local or national consumption.

For example, the Food and Agriculture Organization estimates that between 70 and 80 percent of bananas in Africa are produced by smallholder farmers. Around 114 million tons are produced globally beyond what isn’t too small to be counted, yet only 19 million tons were shipped globally. That said, for the top five exporters, bananas are a major contributor to the total value of their agricultural exports. India and China are among the biggest producers but their output mainly serves the large domestic markets.

global bananas trade

Peeling Away Trade Protections

The Banana Wars, centered on the European Union’s (EU) banana trade regime, spanned 20 years as the longest running series of disputes in the multilateral trading system to date (although the Boeing-Airbus dispute may be on track to take that title). As one of the most significant episodes in trade law, the Banana Wars are deserving of more attention, but here are some abridged highlights.

Europe’s banana regime began as an umbrella for complex arrangements at the individual EU Member State level that were designed to offer exclusive or preferential access to former colonies in Africa, Caribbean and the Pacific (ACP), and at the same time shield EU producers from competition.

Under the EU’s original regime, ACP countries received a zero-tariff rate while imports from other countries were taxed at 20 percent. However, each Member State was allowed to “derogate” and maintain special protective provisions for imports from their overseas departments. For example, France set aside two-thirds of its market for Guadeloupe and Martinique and the remaining third for the ACP Franc Zone states of Cameroon and Cote d’Ivoire. The Spanish market was reserved for shipments from the Canary Islands. Greece banned imports to protect its own production in Crete. Only Germany opened to free trade.

The Single European Act of 1986 mandated an integrated EU market by January 1993, which required that Member States consolidate their programs into a common regime for bananas. As devised, this version still enabled members to discriminate among imports by source, offering better terms to their overseas departments and to imports from ACP countries. Colombia, Costa Rica, Guatemala, Nicaragua and Venezuela (supported by the United States) challenged the regime as inconsistent with the EU’s obligations under the GATT.

The EU’s ability to offer tariff preferences was upheld because it had a waiver in the GATT for its general tariff preference program; but the GATT Panel found the EU’s discrimination through tariff quotas to be inconsistent with its obligations. However, prior to the WTO, a GATT member could simply veto the outcome of a panel decision, enabling the EU effectively to ignore the GATT Panel ruling.
EU banana imports

Second Banana

The EU revised its banana regime in 1993 to include new special distribution licenses under a general quota. Licenses were divvied up among primary importers and importers performing secondary activities such as customs clearance, warehousing and storage; licenses were dependent on historical performance, subject to country allocations, market share and other criteria. After yet another challenge by the five Latin American countries, a GATT Panel found in 1994 that the EU’s licensing system was excessively restrictive and not covered by its waiver.

After 1995, with the WTO’s enforceable dispute settlement system in place and additional obligations to avoid discrimination in trade in services, the EU recognized it would face more challenges to its regime. The large multinational producers involved in shipping, warehousing, ripening, marketing and distribution had an even stronger case to make. The EU negotiated with all of the disgruntled Latin American producers but Guatemala to head off the legal challenge. Having offered additional or expanded quotas, they temporarily pleased some countries but further worsened the discriminatory effect for those countries not a part of the negotiation.

A third complaint against the EU’s banana regime was reviewed in the WTO in 1996, this time with the United States as the lead plaintiff in response to complaints from Chiquita and the Hawaiian Banana Association. A WTO decision in 1997 again concluded that, although the EU’s discriminatory tariffs were covered under its historical waiver, its tariff quota allocations and convoluted import licensing administration violated its WTO obligations. The EU’s next version of its banana regime did little to remedy the discriminatory elements, which led to the imposition of tariffs by the United States and Ecuador in response to the EU’s failure to comply with the WTO ruling. By 2001, the EU made another attempt to transition its system, but not until 2006 would the EU decide to phase in a tariff-only system, dispensing with quotas.

Banana Splits

At the end of 2009, after negotiations with non-ACP producers, the EU agreed to reduce the tariff rate it applies to all WTO members. Tariffs would come down from 176 euros per ton to 114 euros per ton by January 2017 (stipulating it could revert to higher rates if exporting countries exceed a “trigger” amount of imports). It wouldn’t be until 2012, that the EU and 10 Latin American countries finalized signed an agreement in the WTO to codify the revised EU banana tariff schedule (“The Geneva Banana Agreement”), officially closing the longstanding legal disputes.

As a prologue, the EU signed trade agreements with Andean and Central American countries in 2013 and Ecuador in 2017. Ecuador has seen a large bump in global export volume as its agreement with the EU is implemented. By next year, the tariff on bananas from Ecuador to the EU will go down to 75 euros per ton with no quota on the amount eligible for this rate. As the EU continues to edge toward “freer” trade in bananas, the ACP producers will face considerable adjustment.

2009 Geneva Banana Agreement

Going Bananas

Having survived the banana trade wars, the popular Cavendish banana faces a new challenge, one that could actually wipe them out.

“Panama disease TR4” has ravaged thousands of acres of Cavendish plantations throughout Southeast Asia and Australia and is spreading to Africa and the Middle East. It can lie dormant in soil for decades and has proven resistant to fungicides and fumigants. It is only a matter of time before TR4 takes hold in Latin America, which supplies nearly the entire U.S. market. Banana plantations in the Caribbean are threatened by another disease called Black Sigatoka, which has been reducing banana yields by 40 percent every year in affected areas.

Before Cavendish was top banana, a banana called the Gros Michel (Big Mike) dominated the banana trade in the early 1900s until the fungus TR1 took it to the brink of extinction in the mid-1950s. At that time, the Cavendish variety from China was discovered to be resistant to TR1 so it replaced Mike. But bananas don’t have seeds. They breed asexually so they cannot recombine their genes to ward off threats. In other words, the Cavendish is ripe for attack because it cannot evolve – every generation is a clone of the previous.

Try Hanging with a New Bunch

If scientists don’t make a breakthrough, TR4 and TR1 could spell the end for the beloved Cavendish. With over 1,000 different varieties of bananas growing around the world, why not get to know some others that might grow more popular through trade – here are a few to get you started.

For your next dessert, try using Niño, Manzano (“apple bananas”) that have a hint of apple and strawberry flavor, or Goldfinger, a newer variety from Honduras. Intriguingly, there’s also Blue Java, named for its blue skin, which has a creamy, ice cream-like texture and purportedly offers a subtle vanilla flavor.

Cooking bananas include the Macho plantain and other fun-sounding varieties like the Burro which has squared sides and a lemon flavor when ripe, and the Rhino Horn from Africa, which can grow up to two feet long. If consumers demand it, perhaps global trade in bananas will finally branch out.

_________________________________________________________________________

Andrea Durkin is the Editor-in-Chief of TradeVistas and Founder of Sparkplug, LLC. Ms. Durkin previously served as a U.S. Government trade negotiator and has proudly taught international trade policy and negotiations for the last fourteen years as an Adjunct Professor at Georgetown University’s Master of Science in Foreign Service program.

This article originally appeared on TradeVistas.org. Republished with permission.

 

cheese

European Fresh Cheese Market – Italy’s Output Doubled Over the Last Five Years

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

The revenue of the fresh cheese market in the European Union amounted to $12.6B in 2018, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Overall, fresh cheese consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 15% against the previous year. Over the period under review, the fresh cheese market attained its maximum level at $14B in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Consumption By Country in the EU

The countries with the highest volumes of fresh cheese consumption in 2018 were Italy (967K tonnes), France (585K tonnes) and Germany (548K tonnes), together accounting for 52% of total consumption. These countries were followed by the UK, Poland, Spain, Belgium, the Netherlands, the Czech Republic and Sweden, which together accounted for a further 37%.

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

In value terms, Italy ($3.8B) led the market, alone. The second position in the ranking was occupied by the UK ($1.7B). It was followed by France.

The countries with the highest levels of fresh cheese per capita consumption in 2018 were Italy (16,290 kg per 1000 persons), Belgium (13,307 kg per 1000 persons) and Poland (10,450 kg per 1000 persons).

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

Market Forecast 2019-2025 in the EU

Driven by increasing demand for fresh cheese in the European Union, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.7% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 4.3M tonnes by the end of 2025.

Production in the EU

In 2018, approx. 4.4M tonnes of fresh cheese were produced in the European Union; going up by 1.6% against the previous year. The total output volume increased at an average annual rate of +2.1% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when production volume increased by 11% y-o-y. Over the period under review, fresh cheese production attained its peak figure volume in 2018 and is likely to see steady growth in the immediate term.

In value terms, fresh cheese production amounted to $11.2B in 2018 estimated in export prices. Over the period under review, fresh cheese production continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 15% y-o-y. Over the period under review, fresh cheese production attained its peak figure level at $14.3B in 2008; however, from 2009 to 2018, production remained at a lower figure.

Production By Country in the EU

The countries with the highest volumes of fresh cheese production in 2018 were Germany (928K tonnes), Italy (927K tonnes) and France (688K tonnes), with a combined 58% share of total production. Poland, the UK, Denmark, Belgium, Spain and Lithuania lagged somewhat behind, together accounting for a further 32%.

From 2007 to 2018, the most notable rate of growth in terms of fresh cheese production, amongst the main producing countries, was attained by Belgium, while the other leaders experienced more modest paces of growth.

Exports in the EU

In 2018, the fresh cheese exports in the European Union totaled 1.6M tonnes, growing by 2.1% against the previous year. The total exports indicated resilient growth from 2007 to 2018: its volume increased at an average annual rate of +6.1% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fresh cheese exports increased by +91.0% against 2007 indices. The most prominent rate of growth was recorded in 2011 with an increase of 11% against the previous year. Over the period under review, fresh cheese exports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, fresh cheese exports amounted to $5.6B (IndexBox estimates) in 2018. The total exports indicated remarkable growth from 2007 to 2018: its value increased at an average annual rate of +6.1% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fresh cheese exports increased by +30.3% against 2015 indices. The most prominent rate of growth was recorded in 2011 when exports increased by 23% y-o-y. Over the period under review, fresh cheese exports reached their peak figure in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

Germany was the largest exporting country with an export of about 516K tonnes, which resulted at 32% of total exports. It was distantly followed by France (221K tonnes), Denmark (183K tonnes), Italy (181K tonnes), Poland (96K tonnes) and Belgium (86K tonnes), together achieving a 48% share of total exports. The UK (67K tonnes) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of +5.5% from 2007 to 2018. At the same time, Belgium (+15.3%), Poland (+7.9%), Italy (+6.9%), Denmark (+6.4%), the UK (+5.9%) and France (+2.2%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter in the European Union, with a CAGR of +15.3% from 2007-2018. From 2007 to 2018, the share of Germany, Italy, Denmark, Belgium, Poland, France and the UK increased by +14%, +5.9%, +5.7%, +4.3%, +3.4%, +3% and +2% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fresh cheese markets in the European Union were Germany ($1.6B), Italy ($964M) and Denmark ($638M), with a combined 58% share of total exports. France, Belgium, Poland and the UK lagged somewhat behind, together comprising a further 25%.

In terms of the main exporting countries, Belgium experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The fresh cheese export price in the European Union stood at $3,504 per tonne in 2018, picking up by 2.4% against the previous year. In general, the fresh cheese export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of 18% y-o-y. In that year, the export prices for fresh cheese reached their peak level of $4,179 per tonne. From 2009 to 2018, the growth in terms of the export prices for fresh cheese failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($5,330 per tonne), while France ($2,660 per tonne) was 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 mixed trends in the export price figures.

Imports in the EU

In 2018, the amount of fresh cheese imported in the European Union stood at 1.3M tonnes, increasing by 5.4% against the previous year. The total imports indicated remarkable growth from 2007 to 2018: its volume increased at an average annual rate of +5.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fresh cheese imports increased by +76.1% against 2007 indices. The growth pace was the most rapid in 2011 with an increase of 10% against the previous year. The volume of imports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, fresh cheese imports amounted to $4.4B (IndexBox estimates) in 2018. The total imports indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +5.3% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fresh cheese imports increased by +29.3% against 2016 indices. The pace of growth appeared the most rapid in 2011 with an increase of 21% year-to-year. The level of imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

The countries with the highest levels of fresh cheese imports in 2018 were Italy (221K tonnes), the UK (189K tonnes), Germany (137K tonnes), the Netherlands (127K tonnes), France (118K tonnes), Spain (95K tonnes) and Belgium (77K tonnes), together resulting at 74% of total import. Austria (39K tonnes), Poland (33K tonnes), Romania (33K tonnes), the Czech Republic (26K tonnes) and Ireland (25K 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 Ireland, while the other leaders experienced more modest paces of growth.

In value terms, the largest fresh cheese importing markets in the European Union were Italy ($778M), the UK ($573M) and Germany ($507M), with a combined 42% share of total imports. France, the Netherlands, Spain, Belgium, Austria, Poland, Romania, Ireland and the Czech Republic lagged somewhat behind, together comprising a further 44%.

In terms of the main importing countries, Poland experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the fresh cheese import price in the European Union amounted to $3,409 per tonne, rising by 3.7% against the previous year. Overall, the fresh cheese import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of 17% against the previous year. In that year, the import prices for fresh cheese attained their peak level of $3,996 per tonne. From 2009 to 2018, the growth in terms of the import prices for fresh cheese failed to regain its momentum.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in France ($3,885 per tonne) and Austria ($3,750 per tonne), while the Netherlands ($2,750 per tonne) and the UK ($3,029 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

grapefruit

Grapefruit Market in Asia – Japan Halved Grapefruit Imports Over the Last Decade

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

The revenue of the grapefruit market in Asia amounted to $6.4B in 2018, picking up by 6.1% 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). In general, grapefruit consumption continues to indicate strong growth. The pace of growth appeared the most rapid in 2015 when the market value increased by 18% y-o-y. Over the period under review, the grapefruit market reached its maximum level in 2018 and is expected to retain its growth in the near future.

Consumption By Country in Asia

China (4.8M tonnes) remains the largest grapefruit consuming country in Asia, comprising approx. 72% of total consumption. Moreover, grapefruit consumption in China exceeded the figures recorded by the region’s second-largest consumer, Viet Nam (611K tonnes), eightfold. India (377K tonnes) ranked third in terms of total consumption with a 5.6% share.

In China, grapefruit consumption increased at an average annual rate of +7.5% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Viet Nam (+5.5% per year) and India (+7.1% per year).

In value terms, China ($4.5B) led the market, alone. The second position in the ranking was occupied by Viet Nam ($707M). It was followed by Thailand.

The countries with the highest levels of grapefruit per capita consumption in 2018 were Viet Nam (6,331 kg per 1000 persons), China (3,340 kg per 1000 persons) and Thailand (3,267 kg per 1000 persons).

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

Market Forecast 2019-2025 in Asia

Driven by increasing demand for grapefruit in Asia, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.7% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 8.7M tonnes by the end of 2025.

Production in Asia

The grapefruit production stood at 7M tonnes in 2018, growing by 6.4% against the previous year. The total output indicated a remarkable increase from 2007 to 2018: its volume increased at an average annual rate of +5.6% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, grapefruit production increased by +81.9% against 2007 indices. The pace of growth appeared the most rapid in 2015 when production volume increased by 12% y-o-y. Over the period under review, grapefruit production reached its maximum volume in 2018 and is expected to retain its growth in the immediate term. The general positive trend in terms of grapefruit output was largely conditioned by a resilient increase of the harvested area and temperate growth in yield figures.

In value terms, grapefruit production stood at $6.9B in 2018 estimated in export prices. Overall, grapefruit production continues to indicate a strong increase. The growth pace was the most rapid in 2015 when production volume increased by 18% against the previous year. The level of grapefruit production peaked in 2018 and is expected to retain its growth in the immediate term.

Production By Country in Asia

The country with the largest volume of grapefruit production was China (5M tonnes), accounting for 71% of total production. Moreover, grapefruit production in China exceeded the figures recorded by the region’s second-largest producer, Viet Nam (598K tonnes), eightfold. The third position in this ranking was occupied by India (377K tonnes), with a 5.4% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in China amounted to +7.5%. In the other countries, the average annual rates were as follows: Viet Nam (+5.3% per year) and India (+7.1% per year).

Harvested Area in Asia

In 2018, the total area harvested in terms of grapefruits production in Asia stood at 220K ha, going up by 3.7% against the previous year. The harvested area increased at an average annual rate of +2.8% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 18% year-to-year. The level of grapefruit harvested area peaked at 226K ha in 2016; however, from 2017 to 2018, harvested area stood at a somewhat lower figure.

Yield in Asia

The average grapefruit yield amounted to 32 tonne per ha in 2018, jumping by 2.6% against the previous year. The yield figure increased at an average annual rate of +2.7% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when yield increased by 9.6% against the previous year. The level of grapefruit yield peaked in 2018 and is expected to retain its growth in the immediate term.

Exports in Asia

In 2018, the amount of grapefruits exported in Asia amounted to 525K tonnes, jumping by 21% against the previous year. The total export volume increased at an average annual rate of +5.6% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when exports increased by 23% year-to-year. Over the period under review, grapefruit exports reached their maximum in 2018 and are likely to see steady growth in the near future.

In value terms, grapefruit exports totaled $449M (IndexBox estimates) in 2018. The total exports indicated a strong expansion from 2007 to 2018: its value increased at an average annual rate of +5.6% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, grapefruit exports increased by +15.7% against 2014 indices. The pace of growth was the most pronounced in 2008 with an increase of 21% y-o-y. Over the period under review, grapefruit exports reached their maximum in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, China (211K tonnes) and Turkey (182K tonnes) were the major exporters of grapefruits in Asia, together recording near 75% of total exports. It was distantly followed by Israel (88K tonnes), achieving a 17% share of total exports. China, Hong Kong SAR (16K tonnes) and Cyprus (8.3K tonnes) followed a long way behind the leaders.

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

In value terms, the largest grapefruit markets in Asia were China ($200M), Turkey ($119M) and Israel ($87M), with a combined 91% share of total exports. These countries were followed by China, Hong Kong SAR and Cyprus, which together accounted for a further 4%.

Among the main exporting countries, China, Hong Kong SAR recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The grapefruit export price in Asia stood at $855 per tonne in 2018, waning by -3.7% against the previous year. Over the last eleven years, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2017 when the export price increased by 10% y-o-y. In that year, the export prices for grapefruits attained their peak level of $888 per tonne, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Israel ($995 per tonne), while Cyprus ($585 per tonne) was amongst the lowest.

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

Imports in Asia

In 2018, the amount of grapefruits imported in Asia totaled 272K tonnes, surging by 24% against the previous year. In general, grapefruit imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 24% y-o-y. Over the period under review, grapefruit imports reached their maximum at 280K tonnes in 2010; however, from 2011 to 2018, imports failed to regain their momentum.

In value terms, grapefruit imports amounted to $232M (IndexBox estimates) in 2018. Over the period under review, grapefruit imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 15% y-o-y. The level of imports peaked at $236M in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Japan (85K tonnes), distantly followed by China (45K tonnes), Saudi Arabia (34K tonnes), South Korea (23K tonnes), China, Hong Kong SAR (23K tonnes) and Viet Nam (15K tonnes) were the largest importers of grapefruits, together comprising 83% of total imports. Iraq (11K 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 Viet Nam (+115.4% per year), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($64M), China ($60M) and South Korea ($32M) were the countries with the highest levels of imports in 2018, with a combined 67% share of total imports. China, Hong Kong SAR, Saudi Arabia, Viet Nam and Iraq lagged somewhat behind, together accounting for a further 21%.

Viet Nam (+99.6% per year) experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The grapefruit import price in Asia stood at $853 per tonne in 2018, dropping by -8.6% against the previous year. Overall, the grapefruit import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 12% against the previous year. In that year, the import prices for grapefruits reached their peak level of $933 per tonne, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($1,420 per tonne), while Iraq ($323 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

orange juice

Global Concentrated Orange Juice Market – Brazil Strengthened Its Position as the World’s Leading Exporter

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

The global concentrated orange juice market revenue amounted to $4B in 2018, growing by 6.1% 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 +1.5% from 2008 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The global concentrated orange juice market peaked in 2018 and is likely to continue its growth in the near future.

Consumption By Country

The countries with the highest volumes of concentrated orange juice consumption in 2018 were Brazil (674K tonnes), the U.S. (656K tonnes) and France (141K tonnes), with a combined 62% share of global consumption. The UK, Belgium, the Netherlands, Japan, Spain and Ireland lagged somewhat behind, together accounting for a further 18%.

From 2008 to 2018, the most notable rate of growth in terms of concentrated orange juice consumption, amongst the main consuming countries, was attained by Japan, while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($1.4B), Brazil ($1.1B) and France ($218M) were the countries with the highest levels of market value in 2018, together accounting for 69% of the global market. These countries were followed by the Netherlands, Belgium, Japan, the UK, Ireland and Spain, which together accounted for a further 16%.

The countries with the highest levels of concentrated orange juice per capita consumption in 2018 were Belgium (8,445 kg per 1000 persons), Ireland (7,486 kg per 1000 persons) and the Netherlands (5,039 kg per 1000 persons).

From 2008 to 2018, the most notable rate of growth in terms of concentrated orange juice per capita consumption, amongst the main consuming countries, was attained by Japan, while the other global leaders experienced more modest paces of growth.

Market Forecast 2019-2025

Driven by rising demand for concentrated orange juice worldwide, the market is expected to start an upward consumption trend over the next seven years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.6% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 2.5M tonnes by the end of 2025.

Production 2007-2018

In 2018, the amount of concentrated orange juice produced worldwide totaled 2.2M tonnes, rising by 6% against the previous year. The total output volume increased at an average annual rate of +1.8% over the period from 2008 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2009 with an increase of 8.3% against the previous year. Over the period under review, global concentrated orange juice production reached its peak figure volume in 2018 and is expected to retain its growth in the immediate term.

In value terms, concentrated orange juice production amounted to $3.4B in 2018 estimated in export prices. In general, the total output indicated a perceptible expansion from 2008 to 2018: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, concentrated orange juice production increased by +19.1% against 2016 indices. The growth pace was the most rapid in 2012 when production volume increased by 53% against the previous year. Over the period under review, global concentrated orange juice production reached its maximum level at $3.5B in 2017, and then declined slightly in the following year.

Production By Country

Brazil (1.1M tonnes) constituted the country with the largest volume of concentrated orange juice production, accounting for 49% of total production. Moreover, concentrated orange juice production in Brazil exceeded the figures recorded by the world’s second-largest producer, the U.S. (413K tonnes), threefold. The third position in this ranking was occupied by Mexico (137K tonnes), with a 6.4% share.

In Brazil, concentrated orange juice production expanded at an average annual rate of +3.1% over the period from 2008-2018. The remaining producing countries recorded the following average annual rates of production growth: the U.S. (+0.7% per year) and Mexico (+16.9% per year).

Exports 2007-2018

Global exports totaled 1.3M tonnes in 2018, growing by 16% against the previous year. In general, concentrated orange juice exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 16% y-o-y. Over the period under review, global concentrated orange juice exports attained their peak figure at 1.6M tonnes in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

In value terms, concentrated orange juice exports amounted to $2B (IndexBox estimates) in 2018. In general, concentrated orange juice exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when exports increased by 11% y-o-y. The global exports peaked at $2.3B in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

Brazil was the largest exporting country with an export of about 381K tonnes, which amounted to 30% of total exports. Belgium (146K tonnes) occupied a 12% share (based on tonnes) of total exports, which put it in second place, followed by the Netherlands (12%), Mexico (11%), Costa Rica (9.4%) and Germany (5.2%). The following exporters – Spain (31K tonnes), South Africa (25K tonnes), the UK (22K tonnes), Thailand (20K tonnes) and the U.S. (20K tonnes) – each finished at a 9.4% share of total exports.

From 2008 to 2018, average annual rates of growth with regard to concentrated orange juice exports from Brazil stood at +1.1%. At the same time, Mexico (+29.4%), Costa Rica (+16.4%), South Africa (+9.4%), the UK (+7.3%) and Thailand (+1.6%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter in the world, with a CAGR of +29.4% from 2008-2018. By contrast, the Netherlands (-1.4%), Germany (-4.0%), the U.S. (-4.0%), Spain (-6.6%) and Belgium (-9.5%) illustrated a downward trend over the same period. From 2008 to 2018, the share of Mexico, Costa Rica and Brazil increased by +9.9%, +7.4% and +3% percentage points, while the Netherlands (-1.7 p.p.), Spain (-2.5 p.p.), Germany (-2.6 p.p.) and Belgium (-19.9 p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest concentrated orange juice markets worldwide were Brazil ($706M), Belgium ($418M) and the Netherlands ($358M), together accounting for 74% of global exports. Germany, Costa Rica, Mexico, the U.S., Spain, South Africa, the UK and Thailand lagged somewhat behind, together comprising a further 18%.

Mexico recorded the highest rates of growth with regard to exports, among the main exporting countries over the last decade, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average concentrated orange juice export price stood at $1,593 per tonne in 2018, declining by -6.4% against the previous year. Over the period under review, the concentrated orange juice export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of 28% year-to-year. In that year, the average export prices for concentrated orange juice attained their peak level of $1,744 per tonne. From 2012 to 2018, the growth in terms of the average export prices for concentrated orange juice 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 Belgium ($2,855 per tonne), while Mexico ($418 per tonne) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, approx. 1.5M tonnes of concentrated orange juice were imported worldwide; jumping by 17% against the previous year. Over the period under review, concentrated orange juice imports, however, continue to indicate a measured deduction. The pace of growth was the most pronounced in 2018 when imports increased by 17% year-to-year. Over the period under review, global concentrated orange juice imports attained their maximum at 2M tonnes in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, concentrated orange juice imports stood at $2.3B (IndexBox estimates) in 2018. In general, concentrated orange juice imports, however, continue to indicate a measured drop. The pace of growth appeared the most rapid in 2011 with an increase of 23% against the previous year. The global imports peaked at $2.8B in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of concentrated orange juice imports in 2018 were the U.S. (263K tonnes), the Netherlands (231K tonnes), Belgium (190K tonnes), France (142K tonnes), the UK (122K tonnes) and Germany (101K tonnes), together amounting to 71% of total import. The following importers – Japan (51K tonnes), Spain (44K tonnes), Ireland (41K tonnes) and Poland (35K tonnes) – together made up 11% of total imports.

From 2008 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Japan, while the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($471M), Belgium ($347M) and Germany ($227M) constituted the countries with the highest levels of imports in 2018, with a combined 46% share of global imports. These countries were followed by the UK, France, the U.S., Japan, Spain, Poland and Ireland, which together accounted for a further 37%.

Among the main importing countries, Japan experienced the highest growth rate of imports, over the last decade, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average concentrated orange juice import price amounted to $1,523 per tonne, coming down by -6.1% against the previous year. In general, the concentrated orange juice import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average import price increased by 28% against the previous year. In that year, the average import prices for concentrated orange juice attained their peak level of $1,625 per tonne. From 2012 to 2018, the growth in terms of the average import prices for concentrated orange juice failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($2,496 per tonne), while the U.S. ($450 per tonne) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

pork

EU Salt Pork Market Is Estimated at $5.2B

IndexBox has just published a new report: ‘EU – Pig Meat Salted (Salted, In Brine, Dried Or Smoked) – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The market size for preserved pork in the European Union is estimated at $5.2B (2018), an increase of 3.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

Over the period under review, preserved pork consumption, however, continues to indicate a temperate setback. The growth pace was the most rapid in 2013 with an increase of 5.6% against the previous year. The level of preserved pork consumption peaked at $6.8B in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Consumption By Country in the EU

The UK (419K tonnes) constituted the country with the largest volume of preserved pork consumption, accounting for 39% of total consumption. Moreover, preserved pork consumption in the UK exceeded the figures recorded by the region’s second-largest consumer, Germany (116K tonnes), fourfold. The third position in this ranking was occupied by Italy (94K tonnes), with a 8.8% share.

From 2008 to 2018, the average annual growth rate of volume in the UK totaled -2.7%. In the other countries, the average annual rates were as follows: Germany (-5.0% per year) and Italy (+6.8% per year).

In value terms, the UK ($1.9B) led the market, alone. The second position in the ranking was occupied by France ($748M). It was followed by Germany.

The countries with the highest levels of preserved pork per capita consumption in 2018 were Ireland (12,561 kg per 1000 persons), the UK (6,284 kg per 1000 persons) and Romania (2,789 kg per 1000 persons).

From 2008 to 2018, the most notable rate of growth in terms of preserved pork per capita consumption, amongst the main consuming countries, was attained by Austria, while the other leaders experienced more modest paces of growth.

Production in the EU

In 2018, the amount of pig meat salted (salted, in brine, dried or smoked) produced in the European Union totaled 1.1M tonnes, remaining constant against the previous year. Over the period under review, preserved pork production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 with an increase of 11% y-o-y. In that year, preserved pork production attained its peak volume of 1.3M tonnes. From 2010 to 2018, preserved pork production growth remained at a somewhat lower figure.

In value terms, preserved pork production stood at $4.8B in 2018 estimated in export prices. Overall, preserved pork production, however, continues to indicate a measured setback. The most prominent rate of growth was recorded in 2013 with an increase of 6.8% year-to-year. The level of preserved pork production peaked at $6.4B in 2008; however, from 2009 to 2018, production failed to regain its momentum.

Production By Country in the EU

The countries with the highest volumes of preserved pork production in 2018 were the UK (247K tonnes), Germany (151K tonnes) and Italy (141K tonnes), with a combined 48% share of total production.

From 2008 to 2018, the most notable rate of growth in terms of preserved pork production, amongst the main producing countries, was attained by Italy, while the other leaders experienced more modest paces of growth.

Exports in the EU

In 2018, the preserved pork exports in the European Union totaled 398K tonnes, stabilizing at the previous year. In general, preserved pork exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 5.7% y-o-y. The volume of exports peaked at 423K tonnes in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

In value terms, preserved pork exports totaled $2.2B (IndexBox estimates) in 2018. Over the period under review, preserved pork exports continue to indicate a slight descent. The pace of growth was the most pronounced in 2011 when exports increased by 8.1% year-to-year. The level of exports peaked at $2.4B in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, the Netherlands (98K tonnes), distantly followed by Italy (60K tonnes), Germany (58K tonnes), Denmark (55K tonnes), Spain (50K tonnes), Poland (31K tonnes) and the UK (18K tonnes) were the major exporters of pig meat salted (salted, in brine, dried or smoked), together committing 93% of total exports.

From 2008 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Poland, while the other leaders experienced more modest paces of growth.

In value terms, Italy ($648M), Spain ($423M) and the Netherlands ($292M) constituted the countries with the highest levels of exports in 2018, with a combined 63% share of total exports.

Spain experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the preserved pork export price in the European Union amounted to $5,399 per tonne, remaining relatively unchanged against the previous year. Overall, the preserved pork export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 6.7% y-o-y. Over the period under review, the export prices for pig meat salted (salted, in brine, dried or smoked) attained their peak figure at $6,151 per tonne in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($10,792 per tonne), while Denmark ($2,876 per tonne) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced a decline in the export price figures.

Imports in the EU

In 2018, the amount of pig meat salted (salted, in brine, dried or smoked) imported in the European Union totaled 339K tonnes, going up by 1.9% against the previous year. Over the period under review, preserved pork imports, however, continue to indicate a temperate slump. The pace of growth was the most pronounced in 2010 with an increase of 48% y-o-y. In that year, preserved pork imports attained their peak of 433K tonnes. From 2011 to 2018, the growth of preserved pork imports remained at a somewhat lower figure.

In value terms, preserved pork imports stood at $1.8B (IndexBox estimates) in 2018. In general, preserved pork imports, however, continue to indicate a temperate setback. The growth pace was the most rapid in 2013 with an increase of 10% against the previous year. The level of imports peaked at $2.3B in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

The UK prevails in preserved pork imports structure, accounting for 190K tonnes, which was approx. 56% of total imports in 2018. France (34K tonnes) ranks second in terms of the total imports with a 10% share, followed by Germany (7%) and Ireland (4.9%). The following importers – Italy (13,638 tonnes), Austria (8,514 tonnes), Denmark (8,242 tonnes), Belgium (8,025 tonnes) and the Netherlands (5,643 tonnes) – together made up 13% of total imports.

From 2008 to 2018, average annual rates of growth with regard to preserved pork imports into the UK stood at -4.0%. At the same time, Austria (+9.6%), France (+3.5%), Germany (+3.0%), Italy (+2.3%) and Ireland (+2.2%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing importer in the European Union, with a CAGR of +9.6% from 2008-2018. By contrast, Belgium (-1.6%), Denmark (-5.5%) and the Netherlands (-8.0%) illustrated a downward trend over the same period. France (+2.9 p.p.), Germany (+1.8 p.p.) and Austria (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Denmark, the Netherlands and the UK saw its share reduced by -1.9%, -2.2% and -27.9% from 2008 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($634M) constitutes the largest market for imported pig meat salted (salted, in brine, dried or smoked) in the European Union, comprising 36% of total preserved pork imports. The second position in the ranking was occupied by France ($280M), with a 16% share of total imports. It was followed by Germany, with a 14% share.

In the UK, preserved pork imports shrank by an average annual rate of -6.5% over the period from 2008-2018. The remaining importing countries recorded the following average annual rates of imports growth: France (+1.7% per year) and Germany (+1.6% per year).

Import Prices by Country

In 2018, the preserved pork import price in the European Union amounted to $5,220 per tonne, jumping by 2.5% against the previous year. Overall, the preserved pork import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 an increase of 22% against the previous year. In that year, the import prices for pig meat salted (salted, in brine, dried or smoked) reached their peak level of $6,609 per tonne. From 2010 to 2018, the growth in terms of the import prices for pig meat salted (salted, in brine, dried or smoked) remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($11,387 per tonne), while the UK ($3,331 per tonne) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

chicken egg

Chicken Egg Market in Eastern Europe – Russia’s Production Is Growing Rapidly, Driven by Strong Domestic Demand and Expanding Exports

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

The revenue of the chicken egg market in Eastern Europe amounted to $9.7B in 2018, surging by 6.6% 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, chicken egg consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the market value increased by 13% against the previous year. The level of chicken egg consumption peaked at $10.8B in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Consumption By Country in Eastern Europe

The country with the largest volume of chicken egg consumption was Russia (2.6M tonnes), accounting for 54% of total consumption. Moreover, chicken egg consumption in Russia exceeded the figures recorded by the region’s second-largest consumer, Ukraine (898K tonnes), threefold. The third position in this ranking was occupied by Poland (345K tonnes), with a 7.2% share.

In Russia, chicken egg consumption expanded at an average annual rate of +1.6% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Ukraine (+1.0% per year) and Poland (-3.8% per year).

In value terms, the largest chicken egg markets in Eastern Europe were Ukraine ($4.5B), Russia ($2.8B) and Hungary ($673M), together accounting for 82% of the total market.

The countries with the highest levels of chicken egg per capita consumption in 2018 were Ukraine (20 kg per person), Belarus (18 kg per person) and Russia (18 kg per person).

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

Market Forecast 2019-2025 in Eastern Europe

Driven by increasing demand for chicken egg in Eastern Europe, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.8% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 5.1M tonnes by the end of 2025.

Production in Eastern Europe

The chicken egg production amounted to 5.1M tonnes in 2018, therefore, remained relatively stable against the previous year. Overall, chicken egg production continues to indicate mild growth. The most prominent rate of growth was recorded in 2010 when production volume increased by 3.2% against the previous year. The volume of chicken egg production peaked in 2018 and is expected to retain its growth in the near future. The general positive trend in terms of chicken egg output was largely conditioned by slight growth of the number of producing animals and a relatively flat trend pattern in yield figures.

In value terms, chicken egg production stood at $11.3B in 2018 estimated in export prices. The total output value increased at an average annual rate of +1.4% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 39% against the previous year. The level of chicken egg production peaked at $12B in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

Production By Country in Eastern Europe

Russia (2.5M tonnes) constituted the country with the largest volume of chicken egg production, comprising approx. 50% of total production. Moreover, chicken egg production in Russia exceeded the figures recorded by the region’s second-largest producer, Ukraine (895K tonnes), threefold. The third position in this ranking was occupied by Poland (600K tonnes), with a 12% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in Russia totaled +1.6%. In the other countries, the average annual rates were as follows: Ukraine (+0.9% per year) and Poland (+0.8% per year).

Producing Animals in Eastern Europe

In 2018, approx. 444M heads of producing animals were grown in Eastern Europe; approximately reflecting the previous year. This number increased at an average annual rate of +1.1% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. The growth pace was the most rapid in 2012 with an increase of 5.3% y-o-y. Over the period under review, this number attained its peak figure level in 2018 and is likely to continue its growth in the near future.

Yield in Eastern Europe

In 2018, the average chicken egg yield in Eastern Europe totaled 11 kg per head, remaining stable against the previous year. Over the period under review, the chicken egg yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 when yield increased by 7% year-to-year. In that year, the chicken egg yield attained its peak level of 12 kg per head. From 2010 to 2018, the growth of the chicken egg yield remained at a lower figure.

Exports in Eastern Europe

In 2018, approx. 437K tonnes of chicken eggs were exported in Eastern Europe; rising by 6.8% against the previous year. Over the period under review, chicken egg exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 91% year-to-year. The volume of exports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, chicken egg exports amounted to $657M (IndexBox estimates) in 2018. In general, chicken egg exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 53% against the previous year. The level of exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Poland prevails in chicken egg exports structure, finishing at 267K tonnes, which was near 61% of total exports in 2018. Belarus (40K tonnes) took the second position in the ranking, followed by Russia (33K tonnes), Latvia (23K tonnes) and the Czech Republic (20K tonnes). All these countries together occupied approx. 27% share of total exports. Bulgaria (15K tonnes) and Romania (12K tonnes) followed a long way behind the leaders.

Poland was also the fastest-growing in terms of the chicken eggs exports, with a CAGR of +21.8% from 2007 to 2018. At the same time, Russia (+19.2%), Bulgaria (+15.5%), the Czech Republic (+6.4%), Latvia (+5.8%), Romania (+5.6%) and Belarus (+2.5%) displayed positive paces of growth. From 2007 to 2018, the share of Poland, Russia, Bulgaria, Latvia, the Czech Republic and Belarus increased by +54%, +6.5%, +2.8%, +2.4%, +2.3% and +2.2% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($402M) remains the largest chicken egg supplier in Eastern Europe, comprising 61% of total chicken egg exports. The second position in the ranking was occupied by the Czech Republic ($43M), with a 6.5% share of total exports. It was followed by Bulgaria, with a 5.2% share.

From 2007 to 2018, the average annual growth rate of value in Poland amounted to +19.0%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+2.1% per year) and Bulgaria (+11.2% per year).

Export Prices by Country

In 2018, the chicken egg export price in Eastern Europe amounted to $1,504 per tonne, picking up by 3.6% against the previous year. Over the period under review, the chicken egg export price, however, continues to indicate a noticeable slump. The growth pace was the most rapid in 2017 when the export price increased by 24% against the previous year. Over the period under review, the export prices for chicken eggs attained their peak figure at $2,301 per tonne in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Bulgaria ($2,219 per tonne), while Belarus ($733 per tonne) was 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 a decline in the export price figures.

Imports in Eastern Europe

In 2018, the imports of chicken eggs in Eastern Europe stood at 182K tonnes, jumping by 6.4% against the previous year. The total imports indicated strong growth from 2007 to 2018: its volume increased at an average annual rate of +4.6% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, chicken egg imports decreased by -6.8% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 20% y-o-y. The volume of imports peaked at 196K tonnes in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, chicken egg imports amounted to $383M (IndexBox estimates) in 2018. Over the period under review, chicken egg imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 20% y-o-y. In that year, chicken egg imports attained their peak of $489M. From 2015 to 2018, the growth of chicken egg imports remained at a lower figure.

Imports by Country

Russia represented the main importing country with an import of around 84K tonnes, which amounted to 46% of total imports. It was distantly followed by the Czech Republic (20K tonnes), Hungary (17K tonnes), Poland (12K tonnes), Lithuania (11K tonnes), Latvia (8.7K tonnes) and Romania (8.5K tonnes), together creating a 42% share of total imports.

Imports into Russia increased at an average annual rate of +6.5% from 2007 to 2018. At the same time, Hungary (+15.5%), Lithuania (+15.4%), Romania (+7.6%), Latvia (+3.7%) and Poland (+2.7%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer in Eastern Europe, with a CAGR of +15.5% from 2007-2018. The Czech Republic experienced a relatively flat trend pattern. While the share of Russia (+23 p.p.), Hungary (+7.3 p.p.), Lithuania (+4.6 p.p.), Romania (+2.6 p.p.), Poland (+1.6 p.p.) and Latvia (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($208M) constitutes the largest market for imported chicken eggs in Eastern Europe, comprising 54% of total chicken egg imports. The second position in the ranking was occupied by the Czech Republic ($35M), with a 9% share of total imports. It was followed by Hungary, with a 7.2% share.

From 2007 to 2018, the average annual growth rate of value in Russia amounted to +3.3%. In the other countries, the average annual rates were as follows: the Czech Republic (-4.1% per year) and Hungary (+10.6% per year).

Import Prices by Country

The chicken egg import price in Eastern Europe stood at $2,099 per tonne in 2018, picking up by 3.7% against the previous year. Overall, the chicken egg import price, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2017 an increase of 11% y-o-y. Over the period under review, the import prices for chicken eggs attained their maximum at $3,152 per tonne in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Russia ($2,490 per tonne), while Latvia ($1,300 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform