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Turkey Prices in the U.S. Keep Soaring Due to Strong Demand and Labor Shortages

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Archives, Global Trade Daily, News

Turkey Prices in the U.S. Keep Soaring Due to Strong Demand and Labor Shortages

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

This November, the price for fresh whole body turkeys surpassed November 2020 figures by 9%, while frozen whole body turkeys jumped 20% y-o-y. A short supply of workers led to lower turkey output and higher prices on the backdrop of consistently strong consumer demand. Turkey imports to the U.S. maintained the previous year’s levels. Canada and Chile remain the only turkey suppliers to America. Unprecedented inflation rates have struck the entire food sector; in October 2021, price increases for meats, poultry, fish and eggs became the highest recorded in the past 30 years.

Key Trends and Insights

Due to accelerating food inflation, Thanksgiving dinner this year will cost Americans significantly more than the previous one. According to the latest report from the USDA, the average price for fresh whole body turkeys in November 2021 was $1.46 per pound, which is 9% more than the previous year. The price for frozen whole body turkeys came to $1.36 per pound, a 20% increase in comparison to 2020.

The average cost of organic fresh whole body turkeys totaled $3.24 per pound (+4.8% compared to November 2020), while organic frozen whole body turkeys were $3.30 per pound (+23%). On average antibiotic-free fresh whole body turkeys cost $2.37 per pound (a decrease of 7%), at the same time, frozen whole body turkeys are going for $3.30 per pound (twice the gains compared to November 2020).

The increase in turkey prices is caused by solid demand running into a 6% y-o-y drop in butchered turkeys to 4.6M tonnes, due in part to a deficit of workers. The turkey market size in 2020 totaled 2.4M tonnes, while this year, it is expected to decrease to about 2.3M tonnes.

Higher turkey prices are occurring in the broader context of unprecedented inflation for food products. According to the U.S. Bureau of Labor Statistics, October prices for meats, poultry, fish and eggs grew by 11.9% in comparison with October 2020. That is the fastest rate of price increases in the past 30 years.

It is unlikely that imports will offset the short supply of turkeys in the US. In 2021, imports remained at comparable levels to the previous year and from January through September consisted of 7K tonnes, accounting for about 0.4% of US consumption. In monetary terms, imports totaled $19.6M, having grown by 7% in comparison with the same period in 2020. Canada makes up 80% of American imports, together with Chile being the only suppliers of turkeys to the U.S.

Turkey Exports from the U.S.

In 2020, exports of turkey meat from the U.S. contracted to 214K tonnes, with a decrease of -11.8% compared with 2019. In value terms, turkey meat exports shrank from $483M to $416M (IndexBox estimates).

Mexico (135K tonnes) was the main destination for turkey meat exports from the U.S., accounting for a 63% share of total exports. Moreover, turkey meat exports to Mexico exceeded the volume sent to the second major destination, China (17K tonnes), eightfold. The third position in this ranking was occupied by Guatemala (4.8K tonnes), with a 2.2% share.

In value terms, Mexico ($262M) remains the key foreign market for turkey meat exports from the U.S., comprising 63% of total exports. The second position in the ranking was occupied by China ($27M), with a 6.6% share of total exports. It was followed by the Dominican Republic, with a 2.6% share.

From 2010 to 2020, the average annual growth rate of value to Mexico (+0.2% per year) was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-3.0% per year) and the Dominican Republic (+0.2% per year).

In 2020, the average turkey meat export price amounted to $1,945 per tonne, with a decrease of -2.4% against the previous year. There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the Dominican Republic ($2,434 per tonne), while the average price for exports to Jamaica ($1,195 per tonne) was amongst the lowest. Over the past decade, 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 more modest paces of growth.

Source: IndexBox Platform

potato
Archives, Global Trade Daily, News

U.S. Doubled Frozen Potato Imports in the Past Decade

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IndexBox has just published a new report: ‘U.S. – Frozen Potatoes (Prepared Or Preserved) – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

American preserved frozen potato imports increased from 695K tonnes in 2010 to 1.1M tonnes in 2020. In value terms, imports expanded from $653M to $1.1B over this period. Canada supplies 85% of the total volume of imports. In 2020, Belgium emerged as the fastest-growing supplier of frozen potatoes to the U.S., reaching a 10% share of the total imports.

American Frozen Potato Imports 

Over the past decade, preserved frozen potato imports into the U.S. grew from 695K tonnes to 1.1M tonnes. In 2020, imports increased by +8.8% against 2019 figures.

In value terms, preserved frozen potato imports expanded from $653M in 2010 to $1.1B in 2020. Last year, import value expanded by +8.9% y-o-y (IndexBox estimates).

In 2020, Canada (914K tonnes) constituted the largest preserved frozen potato supplier to the U.S., accounting for 85% of total imports. Moreover, preserved frozen potato imports from Canada exceeded the figures recorded by the second-largest supplier, Belgium (105K tonnes), ninefold.

In 2020, the volume of supplies from Canada grew by +3.3%. Imports from Belgium and the Netherlands increased by +61.9% y-o-y and +44.7% y-o-y, respectively.

In value terms, Canada ($946M) constituted the largest supplier of preserved frozen potato to the U.S., comprising 86% of total imports. The second position in the ranking was occupied by Belgium ($97M), with an 8.8% share of total imports.

The average preserved frozen potato import price stood at $1,000 per tonne in 2020, standing approx. at the previous year. Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Belgium ($1,000 per tonne), while the price for Canada ($1,000 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other significant suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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Archives, Global Trade Daily, News

Germany’s Animal Feed Preparation Exports Hit Record Highs

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IndexBox has just published a new report: ‘Germany – Preparations Used In Animal Feeding – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.

Germany steadily expands exports of animal feed preparations. Over the past decade, the volume of exports increased from 2.4M tonnes to 3M tonnes while the export value doubled to $3.6B. The Netherlands, Poland and France remain the largest importers of animal feed preparations from Germany, accounting for 48% of the total export volume. The UK recorded the highest spike in purchases from Germany last year. The average export price for animal feed preparations rose by +11% y-o-y to $1,199 per tonne.

Germany’s Exports of Animal Feed Preparations

In 2020, the volume of preparations used in animal feeding exported from Germany rose modestly to 3M tonnes, increasing by +4.5% on 2019 figures. German exports boosted from 2.4M tonnes in 2010 to 3M tonnes last year.

In value terms, preparations for animal feeding exports skyrocketed by +15.7% y-o-y to $3.6B (IndexBox estimates) in 2020. In the past decade, the value of exports grew twofold.

The Netherlands (774K tonnes), Poland (442K tonnes) and France (229K tonnes) were the main destinations of preparations for animal feeding exports from Germany, with a combined 48% share of total exports. Denmark, Austria, Norway, the Czech Republic, Belgium, the UK, Italy, Luxembourg, Switzerland and Hungary lagged somewhat behind, together comprising a further 39%.

In value terms, Poland ($517M), the Netherlands ($397M) and Austria ($340M) were the largest markets for preparations for animal feeding exported from Germany worldwide, with a combined 34% share of total exports. France, the UK, Italy, Switzerland, Denmark, the Czech Republic, Belgium, Norway, Hungary and Luxembourg lagged somewhat behind, together accounting for a further 43%. Among the leading countries of destination, the UK saw the highest growth rate of the value of exports (+26% y-o-y), while shipments for the other leaders experienced more modest paces of growth.

In 2020, the average export price for animal feed preparations amounted to $1,199 per tonne, increasing by +11% against the previous year. There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Switzerland ($2,805 per tonne), while the average price for exports to the Netherlands ($513 per tonne) was amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Poland, while the prices for the other significant destinations experienced more modest paces of growth.

Source: IndexBox Platform

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

U.S. Preserved Crab Meat Imports Recover from Last Year’s Slump 

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

American imports of prepared or preserved crab meat show a sign of recovery this year. In the first seven months of 2021, the U.S. imported 17.5K tonnes of crab meat, which was +4.4% higher than the figures for the same period of 2020. In 2021, the average price for imported crab meat rose approximately by +22% compared to the previous year. Indonesia remains the largest supplier, providing nearly half of the total American import volume. Last year, the U.S. boosted purchases from Indonesia, while imports from Venezuela and China declined.

American Imports of Prepared or Preserved Crab Meat

In the first seven months of 2021, the U.S. purchased 17.5K tonnes of crab meat against 16.7K tonnes of the same period of 2020. In value terms, they increased from $327M to $417M. The average price for imported crab meat grew approximately by +22% compared to the figures of 2020.

In 2020, the amount of prepared or preserved crab meat imported into the U.S. dropped to 30K tonnes, down by -7.8% against the year before. In value terms, prepared or preserved crab meat imports dropped sharply from $693M to $562M (IndexBox estimates) in 2020.  In 2020, Indonesia (14K tonnes) constituted the largest supplier of prepared or preserved crab meat to the U.S., with a 47% share of total imports. Moreover, imports from Indonesia exceeded the figures recorded by the second-largest supplier, Venezuela (2.5K tonnes), sixfold. China (2.4K tonnes) ranked third in terms of total imports with an 8.2% share.

In 2020, the import volume from Indonesia rose by +11.2% y-o-y. The supplies from Venezuela and China declined by -15.9% y-o-y and -14.4% y-o-y respectively.

In value terms, Indonesia ($280M) constituted the largest supplier of prepared or preserved crab meat to the U.S., comprising 50% of total imports. The second position in the ranking was occupied by the Philippines ($46M), with an 8.2% share of total imports. It was followed by Viet Nam, with a 7.4% share.

The average import price for prepared or preserved crab meat stood at $18,894 per tonne in 2020, declining by -12.1% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Philippines, while the price for China was amongst the lowest.

Source: IndexBox Platform

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3pls, Archives, Global Logistics, Global Trade Daily, Warehousing

Generix Supply Chain Solution on Gartner Magic Quadrant

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A global provider of SaaS-based supply chain solutions, Generix Group has been recognized for the third year in a row among providers of WMS solutions with its inclusion in the 2021 Magic Quadrant for Warehouse Management Systems. 

A closely-followed series of market research publications produced by Gartner, the Magic Quadrant or “Gartner MQ” uses an evaluation matrix to analyze the positioning of technology-based companies, rate technology vendors based on defined criteria, and display vendor strengths and weaknesses, according to Techopedia.

Used to evaluate a vendor before a specific technology product, service, or solution is purchased, the Gartner MQ evaluates each vendor on vision completeness and execution ability. Digging down deeper, it classifies each vendor into four different quadrants: leaders, challengers, visionaries, and niche players.

Magic Quadrant for WMS

An industry-standard resource for supply chain professionals wanting unbiased research on the key players for advanced WMS solutions, the Gartner Magic Quadrant for Warehouse Management Systems is compiled based on the research firm’s rigorous methodology. With this information at their fingertips, companies can make a solid evaluation of WMS vendors based on multiple different criteria.

“The WMS market remains vibrant with vendors continuing to innovate,” Gartner points out. “Progress is being made in adaptability and support for automation while cloud services grow faster than the overall market. Supply chain technology leaders should use this (Gartner MQ) research to understand the current state of the WMS market.”

Gartner Magic Quadrants offer visual snapshots, in-depth analyses, and actionable advice that provide insight into a market’s direction, maturity, and participants. Magic Quadrants compare vendors based on Gartner’s standard criteria and methodology. Each report comes with a graphic that depicts a market using a two-dimensional matrix that evaluates vendors based on their completeness of vision and ability to execute.

Generix WMS Systems 

With two distinct WMS solutions, Solochain WMS and Generix WMS, Generix Group provides full-featured WMS functionality, high visibility and trackability, highly configurable automation platforms, and interactive on-the-job workforce training. The modern and intuitive visual interface supports real-time decision-making and critical business needs, including fast-moving consumer goods (FMCG) as well as slow-moving consumer goods (SMCG) industries.

Working together with Locus Robotics, Generix recently rolled out automated warehouse solutions across Europe that include Locus’s innovative autonomous mobile robots (AMRs).

Furthermore, with ever-increasing changes in the industry, Generix can swiftly accommodate high growth needs from level-1 warehouse operations up to level 5, thus allowing hyper-growth for clients while digital transformation exponentially accelerates organic growth.

Solochain WMS is built on a scalable and flexible platform that powers its use as a warehouse management system, a manufacturing execution system, a transportation management system, and more. Highly configurable in terms of information layout, mobile workflow processes, reporting, and optimization rules, the WMS’ technological infrastructure is designed for maximum configuration flexibility and performance scalability.

Solochain WMS adapts and scales to meet a company’s needs all from within the same warehouse facility. It’s a highly flexible and adaptive warehouse management system that’s built for companies that need their supply chains to be nimble, efficient, and scaling, while ensuring execution excellence, compliance, and operational stability. And, for companies that perform product transformation (manufacturing, product kitting, etc.), Generix’s fully native Manufacturing Execution System (MES) can be enabled in WMS for complete inventory visibility throughout work-in-progress stages.

The Power of One  

Highlighting Generix’s strengths, Gartner says the company is expanding with a new entity in the Netherlands, a software engineering center in Romania, and its services center in Portugal. The company is also growing in North America with more than one-quarter of its business now outside its home geography.

“Solochain is well-suited to combination manufacturing and warehouse operations because it offers a seamlessly integrated WMS and MES,” Gartner says in its review. “This goes beyond simple transactional integration and addresses complexities of process integration between the warehouse and the shop floor.”

Gartner goes on to say that Generix Solochain offers powerful visual tools to facilitate, accelerate, and enhance implementations, and to provide ongoing support. It provides a model-driven architecture and back-office capabilities that document every client interaction in the application, facilitating upgrades.

According to one Gartner peerinsights user review, the company’s Solochain implementation was a multi-phased project. The first phase involved implementing the core WMS software and the second phase was the full integration with the firm’s existing ERP systems.

“The Solochain implementation team focused closely on our business process. Understanding the nature and rationale of our operations was the priority,” the company says. “Solochain offers many great best practice features out of the box. Understanding that functionality and relating it to our processes allowed us to redesign poorly performing operations and optimize others. We found the implementation team to be open-minded and very knowledgeable.”

Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Generix Group North America:

Solutions exist today that can ensure any warehouse or distribution center operates at peak efficiency, 24 hours a day, seven days a week. From Warehouse Management Systems (WMS) and Transportation Management Systems (TMS) to Manufacturing Execution Systems (MES) and more, software platforms can deliver a wide range of benefits that ultimately flow to the warehouse operator’s bottom line.

Generix Group North America provides a series of solutions within our Supply Chain Hub product suite to create efficiencies across an entire supply chain. Our solutions are in use around the world and our experience is second-to-none. We invite you to contact us to learn more.

This article originally appeared here. Republished with permission.

food
Archives, Commentary, Global Trade Daily, Special Reports

Sustainable Dining: How the Food and Drinks Market Is Becoming Eco-Friendly

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As things stand, our planet is not in a good shape. With the effects of climate change becoming more and more apparent every year, many are trying to do their bit in a bid to save our run-down environment. In this respect, it is fair to say that the food and drink market is gradually adapting to this new ‘reality’ too.

Indeed, while biting into the cheese and ham sandwich you bought on your way to work, you may notice that its packaging has a green recyclable sign on it. At the same time, you may realize that you are sipping a hot, flavorsome coffee from an eco-friendly wood-pulp paper cup as well.

Electrix, a manufacturer of Kabelkanal, explores the topic of sustainability within the food and drinks market. What is this industry doing to ensure it provides green, sustainable products?

Growth of fair trade

As the name suggests, fair trade is an arrangement designed to assist farmers and workers in developing countries through better working conditions and equitable trade relationships. Not only this, but it also strives to support and promote good agricultural practices which – in the long run – encourage environmentally sustainable production.

Indeed, from prohibiting the use of harmful agrochemicals and focusing on the reduction of pesticides, fair trade ensures that farms are limiting their waste while enhancing biodiversity. Stretching from Western Africa to Latin America, fair trade’s positive influence on the food and drink market is constantly growing.

By allowing small farmers from all over the world to implement sustainable agricultural practices, workers are able to mitigate their impact on the environment and ultimately challenge climate change.

Eco-friendly packaging

Packaging is crucial in many different ways. Whether we like it or not, first impressions count – and this is particularly true for the food and drinks market. If a product looks good on the outside, the consumer is likely to automatically think it tastes nice too. But design is not the only aspect brands are concerned about.

With the future of our environment in mind, the industry is looking at alternative and innovative methods of making packaging as sustainable as possible. For instance, beer cans are gradually ditching the infamous six-pack plastic rings in favor of eco-friendlier dots of glue, which keep the beverages together just as well.

Moreover, brands are constantly exploring solutions that will help reduce plastic and glass waste. Indeed, wood-pulp paper bottles and sustainable plastic-free food packaging are slowly starting to stack supermarket shelves.

What is more, some food and drinks businesses are opting for sleek carved-in branding on their products as opposed to wrap-around labels. This said, however, most labels nowadays are recyclable and biodegradable anyway.

Transport

It is easy to forget that food and drinks often travel hundreds (if not thousands) of miles to get to our local supermarket. As heavy-good vehicles account for 25% of CO2 emissions from transportation, it becomes clear that the way in which products reach our shelves should be carefully monitored.

In this respect, to contrast the negative impact food and drinks transportation has on our environment, many farmer’s markets do not allow vendors to sell products that have traveled more than 200 miles. In some cases, the threshold is 50 miles.

Not only is this an excellent way to support the local economy, but it also allows consumers to enjoy fresher products while actively reducing their carbon footprint.

Conscious consumers

There is no hiding that buyers play a fundamental role in shaping the way the food and drinks market operates. Ultimately, is it not consumers that brands are trying to appeal to?

For instance, health is an important component in people’s decision-making. As well as considering its environmental benefits, sustainable and organic food is particularly inviting, as it is healthier and safer to eat. Furthermore, by providing buyers with eco-friendly packaging options, brands have the chance to increase consumer interest. Indeed, anybody who has at heart the future of our planet will tendentially opt for a product that has gone out of its way to be as green as possible.

Finally, with the increase in vegetarian and vegan diets, the demand for sustainable alternatives is on the rise – and the food and drinks market will inevitably have to keep pace with people’s new style of living.

With the repercussions of climate change in plain sight, sustainability is the way forward to preserve our planet. To make sure it both plays its part and satisfies people’s new necessities, the food and drinks market is slowly shifting towards an eco-friendlier approach that suits both the environment and its consumers.

_______________________________________________________________

Sources

https://www.fairtrade.org.uk/wp-content/uploads/legacy/doc/Fairtrade%20and%20sustainability%20-%20environmental%20protection%20and%20climate%20change.pdf

https://farmersmarketcoalition.org/education/farmers-markets-promote-sustainability/

https://www.dupontnutritionandbiosciences.com/sustainability-food-beverage-industry.html

https://www.newfoodmagazine.com/news/103794/report-reveals-motivations-behind-sustainability-food-and-beverage-trends/

https://www.leisurefb.co.uk/news/blog.asp?blog_id=21208

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Archives, Global Trade Daily, Imports/Exports, News

Americans are Eating More Waffles: Imports Peak Near Over $600M

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IndexBox has just published a new report: ‘U.S. – Waffles And Wafers Without Chocolate – Market Analysis, Forecast, Size, Trends, And Insights’. Here is a summary of the report’s key findings.

American waffle and wafer imports reached $598M, the highest level ever. In physical terms, imports rose by +5.9% y-o-y to 123K tonnes in 2020. Canada remains the largest supplier of waffles and wafers to the U.S., comprising 55% of American import volume. Italy, Belgium, Turkey, Costa Rica, Austria and Mexico have boosted their exports to the U.S. In 2020, the average waffle and wafer import price amounted to $4,879 per tonne, which was 4.5% down the figures of 2019.


American Imports of Waffles and Wafers

Waffle and wafer imports into the U.S. amounted to 123K tonnes in 2020, increasing by +5.9% on the year before. In value terms, waffle and wafer imports rose by +1.2% y-o-y to $598M (IndexBox estimates) in 2020.

In 2020, Canada (67K tonnes) constituted the largest waffle and wafer supplier to the U.S., with a 55% share of total imports. Moreover, waffle and wafer imports from Canada exceeded the figures recorded by the second-largest supplier, Italy (8.1K tonnes), eightfold. The third position in this ranking was occupied by Mexico (6.9K tonnes), with a 5.6% share.

In value terms, Canada ($346M) constituted the largest supplier of waffles and wafers to the U.S., comprising 58% of total imports. The second position in the ranking was occupied by Italy ($59M), with a 9.8% share of total imports. It was followed by Belgium, with a 5.1% share.

In 2020, the average annual rate of growth in terms of value from Canada amounted to -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+26.2% per year) and Belgium (+21.4% per year). Among other suppliers, Turkey, Costa Rica, Austria and Mexico have also increased their exports to the U.S. significantly.

In 2020, the average waffle and wafer import price amounted to $4,879 per tonne, shrinking by -4.5% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany, while the price for Colombia was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform Recommended

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Archives, Global Trade Daily, News

China Increases Caramel Imports Fivefold with Swelling Supplies from Asian Countries

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

Last year, China recorded a sharp rise in caramel imports. The supplies into China grew from $80M in 2019 to $408M in 2020, or from 167K tonnes to 1.1M tonnes in physical terms. Thailand, Viet Nam and Myanmar remain the largest caramel suppliers, comprising 82% of Chinese imports. These three countries provided most of the increment in Chinese imports in 2020. The average caramel import price dropped by -21% y-o-y to $378 per tonne in 2020.

Chinese Caramel Imports by Country

In 2020, caramel imports into China skyrocketed from 167K tonnes in 2019 to 1.1M tonnes in 2020. In value terms, caramel imports surged from to $80M in 2019 to $408M (IndexBox estimates) in 2020.

Thailand (506K tonnes), Viet Nam (272K tonnes) and Myanmar (109K tonnes) were the main suppliers of caramel imports to China, together comprising 82% of total imports. These countries were followed by Malaysia, the Lao People’s Democratic Republic and Indonesia, which together accounted for a further 16%.

In value terms, the largest caramel suppliers to China were Thailand ($190M), Viet Nam ($101M) and Malaysia ($39M), together accounting for 81% of total imports. Myanmar, Indonesia and Lao People’s Democratic Republic lagged somewhat behind, together accounting for a further 12%.

Over the last year, China boosted the supplies from Thailand from $32M to $190M. Chinese imports from Viet Nam grew from $0.5M to $101M, while Myanmar’s exports to China rose from $1M to $26M. Among other countries, Malaysia, Indonesia and the Lao People’s Democratic Republic have also seen a rise in caramel shipments to China.

In China, the average caramel import price stood at $378 per tonne in 2020, decreasing by -21% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was Malaysia ($381 per tonne), while the price for Myanmar ($242 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Myanmar, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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Archives, Global Trade Daily, News

Italy Actively Expands Preserved Tomato Production and Exports

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

Italy boosts its production and exports of preserved tomatoes. Over the past decade, the output soared from 1.3M tonnes to 2.1M tonnes. Exports also followed an upward trend, reaching $1.3B in 2020. The UK, Germany and the U.S. comprise 45% of preserved tomatoes supplied from Italy in physical terms, while Australia featured as the fastest-growing importer last year. The average export price for preserved tomatoes increased by +9.1% y-o-y to $853 per tonne in 2020.

Preserved Tomato Production in Italy

Preserved tomato production in Italy rose notably to 2.1M tonnes in 2020, surging by +13% compared with the previous year. Over the past decade, Italian preserved tomato production increased nearly twofold, from 1.3M tonnes to 2.1M tonnes. In value terms, preserved tomato production skyrocketed by +29.3% y-o-y to $1.9B in 2020, estimated at export prices.

Preserved Tomato Exports from Italy

In 2020, approx. 1.5M tonnes of preserved tomatoes were exported from Italy, increasing by +2.7% in 2019. In value terms, preserved tomato exports rose significantly to $1.3B (IndexBox estimates) in 2020.

The UK (302K tonnes), Germany (237K tonnes) and the U.S. (141K tonnes) were the main destinations of preserved tomato exports from Italy, together comprising 45% of the total figure. France, Japan, Australia, the Netherlands, Belgium, Sweden, Canada, Poland, Austria and Denmark lagged somewhat behind, together comprising a further 35%.

In value terms, the largest markets for preserved tomato exported from Italy were the UK ($258M), Germany ($183M) and the U.S. ($127M), with a combined 44% share of total exports. These countries were followed by France, Japan, Australia, the Netherlands, Sweden, Belgium, Canada, Austria, Poland and Denmark, which together accounted for a further 36%.

Among the main countries of destination, Australia (+26% y-o-y) saw the highest growth rate of the value of exports last year, while shipments for the other leaders experienced more modest paces of growth.

The average preserved tomato export price stood at $853 per tonne in 2020, increasing by +9.1% against the previous year. Average prices varied somewhat for the major foreign markets. In 2020, the countries with the highest prices were Sweden ($1,026 per tonne) and Austria ($957 per tonne), while the average price for exports to Belgium ($747 per tonne) and Germany ($772 per tonne) were amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform

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Archives, Global Trade Daily, News

China and Uzbekistan Emerge as the Fastest-Growing Persimmon Exporters

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

China and Uzbekistan recorded double-digit growth rates of persimmon export value over the last year. The global exports rose by +18% y-o-y to $695M in 2020. Spain, Azerbaijan, China and Uzbekistan constitute the largest persimmon suppliers worldwide, accounting for 85% of the total export volume. The average persimmon export price spiked by +6.4% y-o-y to $1,091 per tonne in 2020. Russia remains the world’s largest importer of persimmons.

Global Persimmon Exports by Country

In 2020, the volume of persimmons exported worldwide was estimated at 637K tonnes, picking up by 11% from the previous year’s figure. In value terms, persimmon exports soared by +17.7% y-o-y to $695M (IndexBox estimates) in 2020.

In 2020, Spain (211K tonnes), distantly followed by Azerbaijan (126K tonnes), China (108K tonnes) and Uzbekistan (97K tonnes) represented the main exporters of persimmons, together committing 85% of total exports. The following exporters – Lithuania (14K tonnes), Poland (12K tonnes) and Georgia (11K tonnes) – each recorded a 5.7% share of total exports.

In value terms, the largest persimmon supplying countries worldwide were Spain ($234M), China ($206M) and Azerbaijan ($92M), with a combined 77% share of global exports.

In terms of the main exporting countries, China (+62.1% per year) and Uzbekistan (+48% per year) have the highest growth rates of the value of exports.

In 2020, the average persimmon export price amounted to $1,091 per tonne, picking up by +6.4% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($1,909 per tonne), while Uzbekistan ($499 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Lithuania, while the other global leaders experienced more modest paces of growth.

World’s Largest Persimmon Importers

Russia represented the major importer of persimmons globally, with the volume of imports resulting at 149K tonnes, which was approx. 27% of total imports in 2020. Kazakhstan (58K tonnes) occupied the second position in the ranking, followed by Germany (55K tonnes), Ukraine (40K tonnes), Italy (31K tonnes), Thailand (28K tonnes) and France (28K tonnes). All these countries together occupied an approx. 44% share of total imports. Belarus (19K tonnes), Lithuania (16K tonnes), Poland (12K tonnes), Canada (9.3K tonnes) and the UK (8.4K tonnes) held minor shares of total imports.

In value terms, Russia ($120M), Germany ($75M) and France ($37M) were the countries with the highest levels of imports in 2020, together comprising 43% of global imports. These countries were followed by Ukraine, Italy, Kazakhstan, Thailand, Canada, Lithuania, Belarus, Poland and the UK, which together accounted for a further 32%.

Source: IndexBox Platform