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Global Date Market 2019 – Egypt Continues to Dominate the Market

dates

Global Date Market 2019 – Egypt Continues to Dominate the Market

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

The global date market revenue amounted to $13.8B in 2018, jumping by 9.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.8% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by 9.7% year-to-year. In that year, the global date market attained its peak level and is likely to continue its growth in the immediate term.

Consumption By Country

The countries with the highest volumes of date consumption in 2018 were Egypt (1.6M tonnes), Algeria (1.1M tonnes) and Iran (1M tonnes), together accounting for 44% of global consumption. These countries were followed by Saudi Arabia, Sudan, India, the United Arab Emirates, Pakistan, Iraq, Oman and Morocco, which together accounted for a further 39%.

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

In value terms, Egypt ($2.3B), Algeria ($2.1B) and Iran ($1.1B) were the countries with the highest levels of market value in 2018, together accounting for 40% of the global market. These countries were followed by Iraq, Saudi Arabia, Sudan, Oman, Morocco, Pakistan, the United Arab Emirates and India, which together accounted for a further 38%.

In 2018, the highest levels of date per capita consumption was registered in Oman (79 kg per person), followed by the United Arab Emirates (39 kg per person), Algeria (26 kg per person) and Saudi Arabia (19 kg per person), while the world average per capita consumption of date was estimated at 1.09 kg per person.

In Oman, date per capita consumption plunged by an average annual rate of -1.8% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the United Arab Emirates (-10.1% per year) and Algeria (+5.1% per year).

Market Forecast 2019-2025

Driven by increasing demand for date worldwide, 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 +2.3% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 9.8M tonnes by the end of 2025.

Production 2007-2018

In 2018, approx. 8.4M tonnes of dates were produced worldwide; picking up by 2.3% against the previous year. The total output volume increased at an average annual rate of +1.7% 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 most prominent rate of growth was recorded in 2015 with an increase of 6.4% against the previous year. The global date production peaked in 2018 and is likely to continue its growth in the near future. The general positive trend in terms of date output was largely conditioned by a modest increase of the harvested area and a relatively flat trend pattern in yield figures.

In value terms, date production totaled $13.2B in 2018 estimated in export prices. Overall, date production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when production volume increased by 25% against the previous year. Over the period under review, global date production attained its peak figure level at $14.4B in 2016; however, from 2017 to 2018, production failed to regain its momentum.

Production By Country

The countries with the highest volumes of date production in 2018 were Egypt (1.6M tonnes), Iran (1.2M tonnes) and Algeria (1.1M tonnes), with a combined 47% share of global production.

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

Harvested Area 2007-2018

In 2018, the total area harvested in terms of dates production worldwide amounted to 1.4M ha, jumping by 3.6% against the previous year. The harvested area increased at an average annual rate of +1.5% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations over the period under review. The pace of growth appeared the most rapid in 2016 when harvested area increased by 6.9% against the previous year. Over the period under review, the harvested area dedicated to date production reached its peak figure in 2018 and is likely to continue its growth in the near future.

Yield 2007-2018

Global average date yield amounted to 6 tonne per ha in 2018, remaining constant against the previous year. Over the period under review, the date yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when yield increased by 8.4% against the previous year. In that year, the average date yield attained its peak level of 6.6 tonne per ha. From 2016 to 2018, the growth of the average date yield remained at a somewhat lower figure.

Exports 2007-2018

In 2018, approx. 1.1M tonnes of dates were exported worldwide. In general, date exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 39% y-o-y. In that year, global date exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, date exports amounted to $1.7B (IndexBox estimates) in 2018. In general, date exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 39% against the previous year. In that year, global date exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

Iraq (263K tonnes), Iran (180K tonnes), Pakistan (136K tonnes), Tunisia (115K tonnes), Saudi Arabia (104K tonnes) and the United Arab Emirates (97K tonnes) represented roughly 79% of total exports of dates in 2018. It was distantly followed by Israel (58K tonnes), committing a 5.1% share of total exports.

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

In value terms, the largest date markets worldwide were Tunisia ($319M), Israel ($207M) and Iran ($176M), together accounting for 40% of global exports. Saudi Arabia, Pakistan, the United Arab Emirates and Iraq lagged somewhat behind, together accounting for a further 31%.

The United Arab Emirates experienced the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average date export price stood at $1,530 per tonne in 2018, approximately reflecting the previous year. Over the period under review, the date export price continues to indicate a temperate downturn. The growth pace was the most rapid in 2012 when the average export price increased by 8.7% y-o-y. Over the period under review, the average export prices for dates reached their maximum at $2,031 per tonne in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Israel ($3,594 per tonne), while Iraq ($408 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other global leaders experienced mixed trends in the export price figures.

Imports 2007-2018

Global imports amounted to 1.1M tonnes in 2018. Over the period under review, date imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2009 with an increase of 32% against the previous year. The global imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, date imports stood at $1.6B (IndexBox estimates) in 2018. Overall, date imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2010 with an increase of 26% against the previous year. Over the period under review, global date imports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

India was the largest importing country with an import of about 423K tonnes, which finished at 38% of total imports. The following importers – Morocco (45K tonnes), the United Arab Emirates (41K tonnes), Indonesia (40K tonnes), Turkey (39K tonnes), the U.S. (37K tonnes), France (35K tonnes), Malaysia (31K tonnes), Bangladesh (30K tonnes), the UK (24K tonnes), Germany (22K tonnes) and Yemen (21K tonnes) – together made up 33% of total imports.

India was also the fastest-growing in terms of the dates imports, with a CAGR of +22.9% from 2007 to 2018. At the same time, Turkey (+22.9%), Bangladesh (+16.5%), the U.S. (+14.2%), the United Arab Emirates (+11.7%), Indonesia (+8.9%), Yemen (+7.0%), Malaysia (+6.6%), Germany (+6.5%), the UK (+4.7%) and France (+2.2%) displayed positive paces of growth. Morocco experienced a relatively flat trend pattern. India (+34 p.p.), Turkey (+3.2 p.p.), the United Arab Emirates (+2.6 p.p.), the U.S. (+2.6 p.p.), Bangladesh (+2.2 p.p.) and Indonesia (+2.2 p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($275M) constitutes the largest market for imported dates worldwide, comprising 18% of global imports. The second position in the ranking was occupied by the U.S. ($99M), with a 6.3% share of global imports. It was followed by France, with a 6.3% share.

From 2007 to 2018, the average annual growth rate of value in India totaled +12.7%. The remaining importing countries recorded the following average annual rates of imports growth: the U.S. (+20.6% per year) and France (+3.6% per year).

Import Prices by Country

In 2018, the average date import price amounted to $1,399 per tonne, stabilizing at the previous year. Overall, the date import price, however, continues to indicate a slight deduction. The pace of growth was the most pronounced in 2008 an increase of 16% against the previous year. In that year, the average import prices for dates attained their peak level of $1,862 per tonne. From 2009 to 2018, the growth in terms of the average import prices for dates remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($3,078 per tonne), while India ($651 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

dairy

Dairy Spread Market in the EU – Key Insights

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

The revenue of the dairy spread market in the European Union amounted to $827M in 2017, surging by 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.9% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2017, when it surged by 18% y-o-y. In that year, the dairy spread market attained its peak level, and is likely to continue its growth in the immediate term.

Production in the EU

In 2017, approx. 200K tonnes of dairy spreads were produced in the European Union; increasing by 9.1% against the previous year. The dairy spread production continues to indicate a relatively flat trend pattern.

Dairy Spread Exports

Exports in the EU

In 2017, exports of dairy spreads in the European Union stood at 31K tonnes, flattening at the previous year. The dairy spread exports continue to indicate a perceptible curtailment.

In value terms, dairy spread exports stood at $138M (IndexBox estimates) in 2017. The dairy spread exports continue to indicate a relatively flat trend pattern. In that year, dairy spread exports reached their peak of $204M. From 2009 to 2017, the growth of dairy spread exports remained at a somewhat lower figure.

Exports by Country

Belgium was the main exporting countries with an export of about 9.5K tonnes, which amounted to 31% of total exports. Poland (4.5K tonnes) ranks second in terms of the global exports with a 15% share, followed by the UK (9.2%), Germany (8.4%), France (8.2%), Ireland (8%), Croatia (6.7%) and the Netherlands (4.8%).

Exports from Belgium decreased at an average annual rate of -2.0% from 2007 to 2017. At the same time, Poland (+31.2%), Croatia (+13.1%), the Netherlands (+5.5%) and France (+5.1%) displayed positive paces of growth. Moreover, Poland emerged as the fastest growing exporter in the European Union, with a CAGR of +31.2% from 2007-2017. Germany experienced a relatively flat trend pattern. By contrast, Ireland (-4.7%) and the UK (-17.2%) illustrated a downward trend over the same period. From 2007 to 2017, the share of the UK, Belgium and Ireland increased by 52%, 7.1% and 5% percentage points, while the Netherlands (-2%), France (-3.2%), Croatia (-4.8%) and Poland (-13.7%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($47M) remains the largest dairy spread supplier in the European Union, comprising 34% of global exports. The second position in the ranking was occupied by Germany ($17M), with a 12% share of global exports. It was followed by Poland, with a 9.3% share.

Export Prices by Country

The dairy spread export price in the European Union stood at $4.5 per kg in 2017, going up by 26% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +3.7%.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Germany ($6.5 per kg), while the UK ($2.6 per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the Netherlands (+4.9% per year), while the other leaders experienced more modest paces of growth.

Dairy Spread Imports

Imports in the EU

The imports totaled 31K tonnes in 2017, waning by -30.2% against the previous year. The dairy spread imports continue to indicate an abrupt decrease. The growth pace was the most rapid in 2015, when the imports increased by 18% against the previous year. In that year, dairy spread imports reached their peak of 54K tonnes. From 2016 to 2017, the growth of dairy spread imports failed to regain its momentum.

In value terms, dairy spread imports amounted to $120M (IndexBox estimates) in 2017. The dairy spread imports continue to indicate a slight contraction. Over the period under review, dairy spread imports attained their maximum at $167M in 2014; however, from 2015 to 2017, imports remained at a lower figure.

Imports by Country

In 2017, the UK (7.1K tonnes), distantly followed by Germany (4.6K tonnes), France (2.6K tonnes), Portugal (2.6K tonnes), Slovakia (2.1K tonnes), the Netherlands (1.7K tonnes), Spain (1.5K tonnes) and the Czech Republic (1.4K tonnes) represented the main importers of dairy spreads, together mixed up 77% of total imports. The following importers – Greece (1.3K tonnes), Belgium (1.1K tonnes), Austria (726 tonnes) and Romania (651 tonnes) together made up 12% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Netherlands (+43.7% per year), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($28M), Germany ($17M) and France ($13M) constituted the countries with the highest levels of imports in 2017, with a combined 48% share of total imports. These countries were followed by Portugal, Spain, Belgium, Austria, Slovakia, Greece, the Czech Republic, the Netherlands and Romania, which together accounted for a further 41%.

Import Prices by Country

In 2017, the dairy spread import price in the European Union amounted to $3.9 per kg, picking up by 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%.

Import prices varied noticeably by the country of destination; the country with the highest import price was Austria ($7.3 per kg), while the Netherlands ($2.2 per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by France (+9.2% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Global Wine Market 2019 – Spain Retains Leadership in Exports Amid Buoyant Market Growth

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

The global wine market revenue amounted to $130.3B in 2018, going down by -3.3% 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). The market value increased at an average annual rate of +1.4% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010, when the market value increased by 11% y-o-y. Global wine consumption peaked at $134.7B in 2017, and then declined slightly in the following year.

Production 2007-2018

Global wine production totaled 32B litres in 2018, surging by 2.3% against the previous year. The total output volume increased at an average annual rate of +1.4% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed in certain years.

Exports 2007-2018

In 2018, the global exports of wine totaled 11B litres, going down by -4.5% against the previous year. The total export volume increased at an average annual rate of +2.1% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations in certain years. In value terms, wine exports amounted to $35.5B (IndexBox estimates) in 2018.

Exports by Country

In 2018, Italy (2B litres), France (1.9B litres) and Spain (1.7B litres) represented the main exporters of wine in the world, achieving 52% of total export. Australia (815M litres) held a 7.7% share (based on tonnes) of total exports, which put it in second place, followed by Chile (6.2%). South Africa (442M litres), Germany (383M litres), the U.S. (351M litres), New Zealand (319M litres), Portugal (303M litres), Argentina (271M litres) and China (244M litres) occupied a relatively small share of total exports.

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

In value terms, the largest wine markets worldwide were France ($11B), Italy ($7.3B) and Spain ($3.2B), with a combined 61% share of global exports. Australia, Chile, the U.S., New Zealand, Germany, Portugal, Argentina, South Africa and China lagged somewhat behind, together comprising a further 30%.

Export Prices by Country

In 2018, the average wine export price amounted to $3,332 per thousand litres, rising by 7.8% against the previous year. Overall, the wine export price continues to indicate a relatively flat trend pattern. There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was France ($5,740 per thousand litres), while China ($1,464 per thousand litres) was amongst the lowest.

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

Imports 2007-2018

In 2018, approx. 9.4B litres of wine were imported worldwide; going down by -20.1% against the previous year. The total import volume increased at an average annual rate of +1.2% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. In value terms, wine imports amounted to $33.7B (IndexBox estimates) in 2018.

Imports by Country

The countries with the highest levels of wine imports in 2018 were the UK (1.3B litres), the U.S. (1.2B litres), Germany (1B litres) and China (681M litres), together amounting to 44% of total import. Canada (409M litres), the Netherlands (382M litres), Belgium (327M litres), China, Hong Kong SAR (300M litres), Japan (290M litres), Russia (278M litres), France (244M litres) and Sweden (209M litres) 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 China, Hong Kong SAR, while the other global leaders experienced more modest paces of growth.

In value terms, the largest wine importing markets worldwide were the U.S. ($5.4B), the UK ($4B) and Germany ($2.7B), together accounting for 36% of global imports. These countries were followed by China, Canada, Japan, China, Hong Kong SAR, the Netherlands, Belgium, France, Russia and Sweden, which together accounted for a further 36%.

Import Prices by Country

In 2018, the average wine import price amounted to $3,589 per thousand litres, rising by 18% against the previous year. Over the period under review, the wine import price continues to indicate a relatively flat trend pattern. There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was Japan ($5,777 per thousand litres), while Russia ($2,497 per thousand litres) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by France, while the other global 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

vinegar

Germany’s Vinegar Market to Continue Moderate But Robust Growth

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

The revenue of the vinegar market in Germany amounted to $137M in 2018, remaining relatively unchanged 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, the market revenue continues to indicate a slight decline. However, the volume of consumption in physical terms continues to increase robustly. The volume of the vinegar market in Germany amounted to 232M liters in 2018, rising by +5.6% against the previous year.

Market Forecast 2019-2025 in Germany

Driven by increasing demand for vinegar in Germany, the market is expected to continue an upward consumption trend in the medium term. The market volume is forecast to continue moderate growth, expanding with an anticipated CAGR of +0.9% for the period from 2018 to 2025, which is projected to bring the market volume to 247M liters by the end of 2025.

Production in Germany

Vinegar production in Germany totaled 211M litres in 2018, rising by 5.4% against the previous year. The total output volume increased at an average annual rate of +2.1% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2009 with an increase of 9% y-o-y. Over the period under review, vinegar production attained its maximum volume in 2018 and is likely to continue its growth in the immediate term.

Imports into Germany

In 2018, the amount of vinegar imported into Germany stood at 60M litres, growing by 4.9% against the previous year. In value terms, vinegar imports amounted to $86M (IndexBox estimates) in 2018. Overall, the total imports indicated a prominent increase from 2007 to 2018: its volume increased at an average annual rate of +4.9% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, vinegar imports increased by +43.9% against 2015 indices. Thus, vinegar imports attained their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, Italy (38M litres) constituted the largest vinegar supplier to Germany, with a 63% share of total imports. Moreover, vinegar imports from Italy exceeded the figures recorded by the second-largest supplier, Austria (6.8M litres), sixfold. Greece (3.6M litres) ranked third in terms of total imports with a 6% share.

From 2007 to 2018, the average annual growth rate of volume from Italy amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+15.2% per year) and Greece (+13.1% per year).

In value terms, Italy ($65M) also constituted the largest supplier of vinegar to Germany, comprising 76% of total vinegar imports. The second position in the ranking was occupied by Austria ($7.4M), with a 8.6% share of total imports. It was followed by the Netherlands, with a 2.8% share.

Import Prices by Country

The average vinegar import price stood at $1.4 per litre in 2018, surging by 7.9% against the previous year. In general, the vinegar import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when the average import price increased by 14% against the previous year. The import price peaked at $1.8 per litre in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($1.7 per litre), while the price for Greece ($0.4 per litre) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

rapeseed oil

EU Rapeseed Oil Market Overcame $12B, Growing Robustly For The Third Consecutive Year

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

The revenue of the rapeseed oil market in the European Union amounted to $12.6B in 2018, jumping by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +5.7% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008, with an increase of 34% against the previous year. The level of rapeseed oil consumption peaked in 2018, and is expected to retain its growth in the immediate term.

Production in the EU

In 2018, approx. 13M tonnes of rapeseed oil were produced in the European Union; increasing by 6.7% against the previous year. The total output indicated a prominent expansion from 2007 to 2018: its volume increased at an average annual rate of +6.2% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the rapeseed oil production increased by +51.7% against 2011 indices.

Exports in the EU

The exports totaled 2.4M tonnes in 2018, dropping by -18.8% against the previous year. In general, rapeseed oil exports, however, continue to indicate a relatively flat trend pattern. In value terms, rapeseed oil exports totaled $2.4B (IndexBox estimates) in 2018.

Exports by Country

Germany represented the major exporter of rapeseed oil in the European Union, with the volume of exports finishing at 819K tonnes, which was near 35% of total exports in 2018. Belgium (249K tonnes) ranks second in terms of the total exports with a 11% share, followed by France (10%), the Netherlands (9.8%) and the Czech Republic (9.7%). Denmark (99K tonnes), the UK (96K tonnes), Poland (76K tonnes), Austria (52K tonnes), Lithuania (48K tonnes) and Estonia (42K tonnes) held a relatively small share of total exports.

From 2007 to 2018, average annual rates of growth with regard to rapeseed oil exports from Germany stood at +10.2%. At the same time, the Czech Republic (+13.2%), Austria (+10.5%), Lithuania (+8.6%), Estonia (+5.7%) and Belgium (+1.9%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest growing exporter in the European Union, with a CAGR of +13.2% from 2007-2018. By contrast, Denmark (-2.1%), France (-3.5%), the Netherlands (-6.0%), Poland (-10.0%) and the UK (-10.8%) illustrated a downward trend over the same period. The UK (10%), the Netherlands (9.5%), Poland (6.9%) and France (4.9%) significantly strengthened its position in terms of the total exports, while Belgium, the Czech Republic and Germany saw its share reduced by -1.9%, -7.2% and -22.7% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($743M) remains the largest rapeseed oil supplier in the European Union, comprising 31% of total rapeseed oil exports. The second position in the ranking was occupied by the Czech Republic ($301M), with a 13% share of total exports. It was followed by Belgium, with a 10% share.

Export Prices by Country

In 2018, the rapeseed oil export price in the European Union amounted to $999 per tonne, picking up by 3% against the previous year. Overall, the rapeseed oil export price, however, continues to indicate a relatively flat trend pattern. Export prices varied noticeably by the country of origin; the country with the highest export price was the Czech Republic ($1,309 per tonne), while Lithuania ($842 per tonne) was amongst the lowest.

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

Imports in the EU

In 2018, imports of rapeseed oil in the European Union amounted to 2.3M tonnes, shrinking by -3.4% against the previous year.In value terms, rapeseed oil imports amounted to $2.1B (IndexBox estimates) in 2018.

Imports by Country

The Netherlands represented the main importing country with an import of about 715K tonnes, which finished at 31% of total imports. Belgium (253K tonnes) ranks second in terms of the total imports with a 11% share, followed by Germany (10%), France (6.7%), Sweden (4.9%) and Austria (4.7%). The following importers – Lithuania (94K tonnes), the UK (84K tonnes), Italy (82K tonnes), Poland (81K tonnes), Denmark (56K tonnes) and Hungary (52K tonnes) – together made up 20% of total imports.

From 2007 to 2018, average annual rates of growth with regard to rapeseed oil imports into the Netherlands stood at +7.3%. At the same time, Lithuania (+9.0%), Sweden (+6.8%), the UK (+5.2%), Hungary (+4.1%), Poland (+4.1%) and Belgium (+2.0%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest growing importer in the European Union, with a CAGR of +9.0% from 2007-2018. Denmark experienced a relatively flat trend pattern. By contrast, Austria (-1.2%), France (-3.8%), Italy (-8.1%) and Germany (-11.7%) illustrated a downward trend over the same period. Germany (31%), Italy (5.5%) and France (3.5%) significantly strengthened its position in terms of the total imports, while the UK, Belgium, Lithuania, Sweden and the Netherlands saw its share reduced by -1.6%, -2.2%, -2.5%, -2.5% and -16.8% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($624M) constitutes the largest market for imported rapeseed oil in the European Union, comprising 30% of total rapeseed oil imports. The second position in the ranking was occupied by Germany ($239M), with a 11% share of total imports. It was followed by Belgium, with a 11% share.

Import Prices by Country

The rapeseed oil import price in the European Union stood at $920 per tonne in 2018, reducing by -4.5% against the previous year. In general, the rapeseed oil import price continues to indicate a relatively flat trend pattern. Average import prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following import prices: in France ($1,053 per tonne) and Germany ($1,002 per tonne), while Lithuania ($800 per tonne) and Austria ($860 per tonne) were amongst the lowest.

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

Source: IndexBox AI Platform

world trade

Simon Paris, Chair of the World Trade Board & CEO of Finastra, Provides a Snapshot of this year’s World Trade Symposium

Protecting world trade from the current vicious cycle of trade tensions makes it imperative that those in a position to effect change – public and private sectors – work together; quickly and cohesively. Chairman of the World Trade Board and CEO of Finastra, Simon Paris, discusses three ways in which committed organizations can bring about a new pro-trade paradigm, even against the backdrop of today’s protectionist narrative, to lift people out of poverty globally and enable long-term growth and prosperity for all.

Across the globe, protectionist rhetoric and policy initiatives have become increasingly normalized. Tensions and tariffs continue to escalate with the World Trade Organization estimating that $339.5bn1 in trade is now at risk from import restrictions – the second highest level ever recorded. Amidst this trend, we as business leaders, policy makers, and engaged thinkers must deepen our commitment to free and open trade benefiting communities and workers.

The path to open trade and ensuing economic growth is under shadow. The global economic uncertainty2 risk index hit an all-time high this year. Ongoing friction between the United States and China has not only caused a tangible 12% drop in US imports from China, but triggered aftershocks across other Asian economies as a result of closely integrated supply chains3. Japan and Korea have made headlines with their own trade war that risks their trade relationship worth about $85 billion a year4 and the future economic relationship between the United Kingdom and the European Union amidst Brexit is uncertain.

In response free traders should commit to three acts of solidarity, with the aim of reversing – or as an absolute minimum, reducing – the pervasive change that continues to threaten trade as we know it.

Three commitments that will drive change

Firstly, we must be persistent in our reinforcement of the pro-trade narrative; uniting to protect and promote open trade as the unequivocal foundation for global prosperity and economic inclusion. Secondly, we must continue to investigate ways in which we can reduce the SME funding gap, currently estimated at $1.5 trillion5, which is precluding both innovation and financial independence on a global scale. It is imperative that we seek out new ways to free up finance or neutralize the perceived risk of lending to small firms. At a time where the least developed countries represent less than 1% of world exports6, we must find solutions that unlock the latent value within SMEs to stimulate competition, innovation and economic growth, and reduce the disparity of wealth in a sustainable way.

Finally, we must examine how open technology can act as the enabler for inclusive, sustainable trade. As global supply chains become increasingly complex, our goal should not be measured on a binary figure of turnover or profit, but on the ethical and sustainable impact of our technological innovation; our technological social responsibility (TSR). How can we use technology, collectively, to ascertain the provenance of materials, improve the health and wellbeing of workers in remote locations, reduce the cause and effects on environment pollution of long-distance transportation or minimize the impact of waste and disposal? How can we use open finance technologies – and by this, I include open systems, open software, open APIs, open standards and open partner networks – to transform supply chains and encourage the formulation of more relevant and inclusive trade models, in support of ethical trade?

Protecting against threats, known and unknown

A global marketplace helps ensure a sustainable model of financial inclusion that protects future generations against wealth disparity and isolation. I believe that it is only through a powerful combination of forward-thinking policies, collaborative mindsets and funding, underpinned by open finance technology, that we can deliver the change so desperately required, that promotes equality and opportunity, and reverses the trend of poverty and protectionism. It is time to find solutions to today’s threats to open trade and together protect against further polarization and the unseen threats of tomorrow.

Simon Paris will be opening the third World Trade Symposium, held in the Grand Hyatt, New York on 6-7 November. The event brings together policy-makers, trade finance luminaries and thought leaders to openly collaborate and effect change. Register Today!


1. https://www.wto.org/english/news_e/news19_e/trdev_22jul19_e.htm

2. http://policyuncertainty.com/

3. https://www.oecd.org/newsroom/international-trade-statistics-trends-in-first-quarter-2019.htm

4. https://www.nytimes.com/2019/08/28/business/japan-south-korea-trade.html

5. https://www.wto.org/english/news_e/spra_e/spra241_e.htm

6. https://www.wto.org/english/res_e/statis_e/wts2019_e/wts2019_e.pdf

__________________________________________________________________________

Simon takes responsibility for Finastra’s strategic direction and growth. His leadership steers the company as it realizes its open platform vision, encouraging industry-wide collaboration to spark innovation and transform the next generation of financial services.

A firm believer in the principles of doing well by doing good, Simon chairs the World Trade Board and is passionate about how technology and open trade can drive financial inclusion and improve people’s lives.

An inspiring and trusted Fintech thought leader, Simon speaks regularly at large-scale events including the annual World Trade Symposium, Paris FinTech Forum and The Milken Asia Summit. He is a strong advocate for diversity and inclusion, with refreshing and candid views on equality in the workplace. He was also named in Bank Innovation’s ‘Innovators to Watch’ list for 2018.

Simon joined Finastra (formerly Misys) as President in 2015, was appointed Deputy Chief Executive Officer in 2017 and became Chief Executive Officer in June 2018. He brings more than 20 years of sales, management and global leadership expertise to the company, having previously held the role of President, Industry Cloud, at SAP. Prior to that he was a senior consultant with McKinsey & Company.

He holds a degree in Business Administration (MBA) from the INSEAD Business School in France and a Bachelor’s degree in Business & European languages from the European Business School.

silk yarn

Italian Silk Yarn Industry Suffers from a Steady Decline in Production and Exports

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

The revenue of the silk yarn market in Italy amounted to $131M in 2018, going down by -2.5% 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). In general, silk yarn consumption continues to indicate a deep slump.

Production in Italy

In 2018, the production of silk yarn in Italy amounted to 1.2K tonnes, dropping by -10.3% against the previous year. Over the period under review, silk yarn production continues to indicate a sharp decline.

In value terms, silk yarn production amounted to $95M in 2018 estimated in export prices. Over the period under review, silk yarn production attained its maximum level at $162M in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

Exports from Italy

In 2018, approx. 286 tonnes of silk yarn were exported from Italy; remaining constant against the previous year. In general, silk yarn exports continue to indicate a drastic descent. The pace of growth was the most pronounced in 2016 when exports increased by 20% against the previous year. In that year, silk yarn exports reached their peak of 433 tonnes. From 2017 to 2018, the growth of silk yarn exports failed to regain its momentum.

In value terms, silk yarn exports stood at $26M (IndexBox estimates) in 2018. Overall, silk yarn exports continue to indicate a temperate reduction. The pace of growth was the most pronounced in 2018 with an increase of 17% against the previous year. Over the period under review, silk yarn exports attained their maximum at $30M in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

Romania (74 tonnes), France (70 tonnes) and the UK (57 tonnes) were the main destinations of silk yarn exports from Italy, together comprising 70% of total exports. These countries were followed by Austria, Tunisia, Turkey, Germany, China, Hong Kong SAR, China and Spain, which together accounted for a further 20%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Tunisia (+65.7% per year), while the other leaders experienced more modest paces of growth.

In value terms, France ($6.5M), the UK ($6.4M) and Romania ($6.1M) constituted the largest markets for silk yarn exported from Italy worldwide, together accounting for 75% of total exports. These countries were followed by Austria, China, Turkey, China, Hong Kong SAR, Germany, Spain and Tunisia, which together accounted for a further 18%.

In terms of the main countries of destination, China experienced the highest rates of growth with regard to exports, over the last five-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silk yarn export price stood at $89,031 per tonne in 2018, rising by 17% against the previous year. Overall, the export price indicated a slight increase from 2013 to 2018: its price increased at an average annual rate of +1.9% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, silk yarn export price increased by +66.3% against 2016 indices. The growth pace was the most rapid in 2017 when the average export price increased by 42% year-to-year. Over the period under review, the average export prices for silk yarn reached their peak figure in 2018 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was China ($162,663 per tonne), while the average price for exports to Tunisia ($9,745 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 more modest paces of growth.

Imports into Italy

In 2018, the amount of silk yarn imported into Italy stood at 1.4K tonnes, going down by -8% against the previous year. Overall, silk yarn imports continue to indicate a deep deduction. The pace of growth appeared the most rapid in 2017 when imports increased by 3.8% against the previous year.

In value terms, silk yarn imports totaled $105M (IndexBox estimates) in 2018. The most prominent rate of growth was recorded in 2017 when imports increased by 12% against the previous year. Over the period under review, silk yarn imports reached their maximum at $119M in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Romania (920 tonnes) constituted the largest silk yarn supplier to Italy, accounting for a 67% share of total imports. Moreover, silk yarn imports from Romania exceeded the figures recorded by the second-largest supplier, China (156 tonnes), sixfold. Germany (143 tonnes) ranked third in terms of total imports with a 10% share.

From 2013 to 2018, the average annual growth rate of volume from Romania totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.8% per year) and Germany (-6.1% per year).

In value terms, Romania ($67M) constituted the largest supplier of silk yarn to Italy, comprising 64% of total silk yarn imports. The second position in the ranking was occupied by Germany ($13M), with a 12% share of total imports. It was followed by China, with a 12% share.

From 2013 to 2018, the average annual growth rate of value from Romania stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.9% per year) and China (-12.4% per year).

Import Prices by Country

The average silk yarn import price stood at $76,268 per tonne in 2018, growing by 16% against the previous year. Over the period from 2013 to 2018, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 16% year-to-year. In that year, the average import prices for silk yarn reached their peak level and is likely to continue its growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2018, the highest prices were recorded for prices from Bulgaria ($90,298 per tonne) and Germany ($87,683 per tonne), while the price for Romania ($72,452 per tonne) and China ($80,190 per tonne) were amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Viet Nam, while the prices for the other major suppliers 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

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