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Customs Announces Extension of Deadline to File Post Summary Correction (PSC)

psc

Customs Announces Extension of Deadline to File Post Summary Correction (PSC)

Customs has posted CSMS #43528998 (July 31, 2020) reminding the trade community that as per the modification to the Post Summary Correction (“PSC”) procedure announced in the Federal Register on August 14, 2019 (84 FR 40430), the deadline for filing a PSC has been extended in cases where an importer requests and is granted an extension of liquidation pursuant to 19 CFR 159.12.

Under this modified procedure, after an importer is granted an extension of liquidation, a PSC may be transmitted to CBP up to 15 days prior to the scheduled liquidation date as per the liquidation extension.  Accordingly, under the modified procedure a PSC must be transmitted to CBP within 300 days after the date of entry or up to 15 days prior to the scheduled liquidation date, whichever is earlier, except in situations involving an extension of liquidation, in which case a PSC must be transmitted to CBP up to 15 days prior to the scheduled extended liquidation date.

This change was made to increase the amount of time a filer has to submit a PSC in situations involving trade requested extensions of liquidation. Significantly, it may have particular applicability in situations where an importer receives an extension of liquidation in order to preserve its right to a refund in the event that the importer requests an extension of liquidation to accommodate a Section 301 duty exclusion or duty exclusion extension request.

In those instances, if the duty exclusion request or the exclusion extension request is granted, then if liquidation of the entry has also been granted, the importer would have additional time to submit the PSC to Customs and obtain a duty refund. Of course, if the importer misses the time period for submitting a PSC in order to obtain a refund then it is also possible that the refund could still be obtained by filing a protest within 180 days of the date of liquidation.

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Robert Stang is a Washington, D.C.-based partner with the law firm Husch Blackwell LLP. He leads the firm’s Customs group.

optical fiber cable

EU’s Optical Fiber Cable Market – Germany Dominates the European Trade

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

The revenue of the optical fiber cable market in the European Union amounted to $2.8B in 2018, rising by 8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market size increased at an average annual rate of +3.3% over the past five years.

Exports in the EU

In 2018, the optical fiber cable exports in the EU totaled $2.7B (IndexBox estimates). The total exports indicated a prominent increase from 2013 to 2018: its value increased at an average annual rate of +10.6% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, optical fiber cable exports increased by +30.0% against 2014 indices.

Exports by Country

The largest optical fiber cable supplying countries in the European Union were Germany ($515M), France ($409M) and the Netherlands ($343M), together comprising 47% of total exports. Poland, the UK, Romania, Spain and the Czech Republic lagged somewhat behind, together comprising a further 32%.

Romania experienced the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while exports for the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, optical fiber cable imports totaled $2.7B (IndexBox estimates). The total imports indicated a remarkable increase from 2013 to 2018: its value increased at an average annual rate of +12.8% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, optical fiber cable imports increased by +41.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 21% y-o-y. Over the period under review, optical fiber cable imports reached their peak figure in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

Germany ($427M), France ($413M) and the Netherlands ($288M) constituted the countries with the highest levels of imports in 2018, together accounting for 42% of total imports. The UK, Italy, Poland, Spain, Sweden, Romania, the Czech Republic, Ireland and Austria lagged somewhat behind, together accounting for a further 43%.

Ireland experienced the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while imports for the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

chocolate

The Market For Filled Chocolate Bars in the EU Overcame $3.5B

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

The revenue of the chocolate bars with filling market in the European Union amounted to $3.6B in 2018, surging 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). Over the last three years, the market indicated a gradual but consistent growth both in value terms and in physical terms.

Consumption By Country in the EU

Germany (271K tonnes) remains the largest chocolate bar with filling consuming country in the European Union, comprising approx. 32% of total volume. Moreover, the volume of consumption in Germany exceeded the figures recorded by the second-largest consumer, Italy (108K tonnes), threefold. The UK (101K tonnes) ranked third in terms of total consumption with a 12% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in Germany totaled +2.6%. The remaining consuming countries recorded the following average annual rates of consumption growth: Italy (+7.6% per year) and the UK (-4.4% per year).

In value terms, the largest chocolate bar with filling markets in the European Union were Germany ($963M), Italy ($756M) and the UK ($411M), with a combined 59% share of the total market. These countries were followed by France, the Netherlands, Poland, Romania, Sweden, Denmark, the Czech Republic and Spain, which together accounted for a further 27%.

The countries with the highest levels of chocolate bar with filling per capita consumption in 2018 were Germany (3,313 kg per 1000 persons), Denmark (2,703 kg per 1000 persons) and the Netherlands (2,165 kg per 1000 persons).

Market Forecast 2019-2025 in the EU

Driven by increasing demand for chocolate bars with filling in the European Union, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.7% for the period from 2018 to 2025, which is projected to bring the market volume to 881K tonnes by the end of 2025.

Production in the EU

The volume of production of chocolate bars with filling in the EU stood at 937K tonnes in 2018, going up by 5.1% against the previous year. Overall, the volume of production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 9.5% against the previous year. In that year, chocolate bars with filling production reached its peak volume of 968K tonnes. From 2015 to 2018, chocolate bars with filling production growth failed to regain its momentum.

Production By Country in the EU

Germany (386K tonnes) remains the largest chocolate bars with filling producing country in the European Union, comprising approx. 41% of total volume. Moreover, the volume of production in Germany exceeded the figures recorded by the second-largest producer, the Netherlands (178K tonnes), twofold. The third position in this ranking was occupied by Italy (108K tonnes), with a 12% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in Germany amounted to +3.7%. The remaining producing countries recorded the following average annual rates of production growth: the Netherlands (+0.5% per year) and Italy (+9.1% per year).

Exports in the EU

In 2018, approx. 649K tonnes of chocolate bars with fillings were exported in the European Union; jumping by 4.6% against the previous year. The total exports indicated a tangible increase from 2007 to 2018: its volume increased at an average annual rate of +3.3% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the volume of exports attained its maximum in 2018 and isexpected to retain its growth in the immediate term. In value terms, chocolate bars with filling exports stood at $3.4B (IndexBox estimates) in 2018.

Exports by Country

Germany (197K tonnes) and the Netherlands (185K tonnes) represented roughly 59% of total exports of chocolate bars with fillings in 2018. Poland (43K tonnes) occupied a 6.6% share (based on tonnes) of total exports, which put it in second place, followed by Austria (6.5%). Belgium (26K tonnes), the UK (21K tonnes), Italy (20K tonnes), Spain (17K tonnes), France (15K tonnes), Hungary (13K tonnes), the Czech Republic (12K tonnes) and Bulgaria (10K tonnes) 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 Bulgaria, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bars with filling supplying countries in the European Union were Germany ($1.3B), the Netherlands ($813M) and Poland ($200M), together comprising 66% of total exports. These countries were followed by Italy, Austria, Belgium, the UK, France, Spain, Hungary, the Czech Republic and Bulgaria, which together accounted for a further 25%.

Export Prices by Country

In 2018, the average export price for chocolate bars with filling in the European Union amounted to $5,297 per tonne, jumping by 3% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +1.6%.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($7,684 per tonne), while Austria ($3,567 per tonne) was amongst the lowest.

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

Imports in the EU

In 2018, the amount of chocolate bars with fillings imported in the European Union stood at 553K tonnes, increasing by 5.2% against the previous year. The total imports indicated a remarkable expansion from 2007 to 2018: its volume increased at an average annual rate of +4.2% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, imports  of chocolate bars with filling totaled $2.6B (IndexBox estimates) in 2018.

Imports by Country

The imports of the five major importers of chocolate bars with fillings, namely the UK, Germany, France, the Netherlands and Poland, represented more than half of total import. Belgium (22K tonnes), Romania (21K tonnes), Italy (21K tonnes), Sweden (20K tonnes), Austria (18K tonnes), Hungary (15K tonnes) and Denmark (15K tonnes) held a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Poland, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest importing markets for chocolate bars with filling in the European Union were the UK ($366M), Germany ($359M) and France ($294M), together comprising 39% of total imports. These countries were followed by the Netherlands, Poland, Italy, Sweden, Belgium, Austria, Romania, Denmark and Hungary, which together accounted for a further 41%.

Import Prices by Country

The average import price for chocolate bars with filling in the European Union stood at $4,727 per tonne in 2018, rising by 3.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern.

Average prices varied somewhat amongst the major importing countries. In 2018, the major importing countries recorded the following average prices: in Italy ($5,759 per tonne) and Sweden ($5,656 per tonne), while Hungary ($4,010 per tonne) and the UK ($4,028 per tonne) were amongst the lowest.

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

Source: IndexBox AI Platform

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

global pepper

Global Pepper Market Is Expected to Reach 840K Tonnes by 2025

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

The global pepper market revenue in 2018 is estimated at $4.1B, a decrease of -1.7% y-o-y. 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, pepper consumption continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2011 when the market value increased by 26% against the previous year. The global pepper consumption peaked at $4.2B in 2017, and then declined slightly in the following year.

Consumption By Country

The countries with the highest volumes of pepper consumption in 2018 were Viet Nam (166K tonnes), India (86K tonnes) and the U.S. (68K tonnes), with a combined 41% share of global consumption. These countries were followed by Bulgaria, Indonesia, China, Singapore, Malaysia, Sri Lanka, Germany, the United Arab Emirates and the UK, which together accounted for a further 33%.

In value terms, Viet Nam ($904M), India ($506M) and the U.S. ($374M) constituted the countries with the highest levels of market value in 2018, with a combined 43% share of the global market. These countries were followed by Indonesia, Singapore, China, Malaysia, Bulgaria, Sri Lanka, the United Arab Emirates, Germany and the UK, which together accounted for a further 33%.

The countries with the highest levels of pepper per capita consumption in 2018 were Bulgaria (7,641 kg per 1000 persons), Singapore (5,288 kg per 1000 persons) and Viet Nam (1,724 kg per 1000 persons).

Market Forecast 2019-2025

Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.2% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 840K tonnes by the end of 2025.

Production 2007-2018

In 2018, the amount of pepper produced worldwide stood at 752K tonnes, jumping by 5.1% against the previous year. In general, the total output indicated a conspicuous expansion from 2007 to 2018: its volume increased at an average annual rate of +3.2% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pepper production increased by +55.4% against 2012 indices. The pace of growth was the most pronounced in 2016 with an increase of 11% against the previous year. Over the period under review, global pepper production reached its maximum volume in 2018 and is likely to continue its growth in the immediate term. The general positive trend in terms of pepper output was largely conditioned by a tangible increase of the harvested area and a resilient expansion in yield figures.

In value terms, pepper production totaled $3.8B in 2018 estimated in export prices. Over the period under review, pepper production continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2011 when production volume increased by 47% against the previous year. The global pepper production peaked at $4.6B in 2016; however, from 2017 to 2018, production remained at a lower figure.

Production By Country

The country with the largest volume of pepper production was Viet Nam (273K tonnes), comprising approx. 36% of total production. Moreover, pepper production in Viet Nam exceeded the figures recorded by the world’s second-largest producer, Indonesia (88K tonnes), threefold. The third position in this ranking was occupied by Brazil (80K tonnes), with a 11% share.

In Viet Nam, pepper production expanded at an average annual rate of +8.1% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Indonesia (+0.8% per year) and Brazil (+0.2% per year).

Harvested Area 2007-2018

In 2018, approx. 570K ha of pepper were harvested worldwide; stabilizing at the previous year. Overall, the pepper harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when harvested area increased by 8% against the previous year. The global pepper harvested area peaked at 622K ha in 2007; however, from 2008 to 2018, harvested area failed to regain its momentum.

Yield 2007-2018

Global average pepper yield amounted to 1.3 tonne per ha in 2018, surging by 4.8% against the previous year. In general, the yield indicated prominent growth from 2007 to 2018: its figure increased at an average annual rate of +4.0% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pepper yield increased by +53.3% against 2012 indices. The pace of growth appeared the most rapid in 2013 with an increase of 22% y-o-y. Over the period under review, the average pepper yield attained its maximum level in 2018 and is likely to continue its growth in the immediate term.

Exports 2007-2018

Global exports totaled 392K tonnes in 2018, picking up by 6.5% 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 somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 7.9% y-o-y. Over the period under review, global pepper exports attained their maximum at 398K tonnes in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, pepper exports stood at $2B (IndexBox estimates) in 2018. Over the period under review, pepper exports continue to indicate strong growth. The growth pace was the most rapid in 2011 with an increase of 43% against the previous year. Over the period under review, global pepper exports reached their peak figure at $3.4B in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

Exports by Country

Viet Nam represented the largest exporter of pepper in the world, with the volume of exports finishing at 142K tonnes, which was approx. 36% of total exports in 2018. It was distantly followed by Brazil (73K tonnes) and Indonesia (36K tonnes), together achieving a 28% share of total exports. India (17K tonnes), Germany (16K tonnes), Sri Lanka (15K tonnes), Malaysia (12K tonnes), Mexico (8.4K tonnes), the Netherlands (7.5K tonnes), France (6.8K tonnes) and the U.S. (6.8K tonnes) took a minor share of total exports.

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

In value terms, Viet Nam ($743M) remains the largest pepper supplier worldwide, comprising 36% of global exports. The second position in the ranking was occupied by Brazil ($243M), with a 12% share of global exports. It was followed by Indonesia, with a 9.9% share.

In Viet Nam, pepper exports increased at an average annual rate of +9.6% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Brazil (+7.3% per year) and Indonesia (+2.9% per year).

Export Prices by Country

In 2018, the average pepper export price amounted to $5,214 per tonne, going down by -14.2% against the previous year. Over the period under review, the pepper export price, however, continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2011 an increase of 51% y-o-y. The global export price peaked at $8,660 per tonne in 2015; however, from 2016 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($8,605 per tonne), while Mexico ($2,602 per tonne) was amongst the lowest.

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

Imports 2007-2018

Global imports totaled 414K tonnes in 2018, picking up by 8.6% against the previous year. The total import volume increased at an average annual rate of +2.9% over the period from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 9.8% y-o-y. Over the period under review, global pepper imports attained their maximum in 2018 and are likely to see steady growth in the near future.

In value terms, pepper imports amounted to $2.1B (IndexBox estimates) in 2018. Overall, pepper imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2011 when imports increased by 41% year-to-year. The global imports peaked at $3.3B in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (75K tonnes), distantly followed by Viet Nam (35K tonnes), Germany (32K tonnes) and India (31K tonnes) were the major importers of pepper, together creating 42% of total imports. The following importers – the United Arab Emirates (16K tonnes), the UK (13K tonnes), France (11K tonnes), the Netherlands (11K tonnes), Spain (10K tonnes), Japan (9.5K tonnes), Pakistan (8.2K tonnes) and Russia (8K tonnes) – together made up 21% of total imports.

Imports into the U.S. increased at an average annual rate of +1.5% from 2007 to 2018. At the same time, Viet Nam (+21.5%), India (+8.8%), the UK (+5.4%), the United Arab Emirates (+3.9%), Spain (+2.9%), Russia (+2.6%) and France (+2.0%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing importer in the world, with a CAGR of +21.5% from 2007-2018. Pakistan, Japan and Germany experienced a relatively flat trend pattern. By contrast, the Netherlands (-2.7%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Viet Nam, India and the U.S. increased by +7.5%, +4.5% and +2.7% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($391M) constitutes the largest market for imported pepper worldwide, comprising 18% of global imports. The second position in the ranking was occupied by Germany ($188M), with a 8.9% share of global imports. It was followed by India, with a 7.8% share.

In the U.S., pepper imports increased at an average annual rate of +5.5% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+4.8% per year) and India (+14.1% per year).

Import Prices by Country

In 2018, the average pepper import price amounted to $5,122 per tonne, shrinking by -18.3% against the previous year. In general, the pepper import price, however, continues to indicate noticeable growth. The growth pace was the most rapid in 2011 an increase of 45% against the previous year. Over the period under review, the average import prices for pepper attained their peak figure at $8,550 per tonne in 2015; however, from 2016 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($8,027 per tonne), while Viet Nam ($2,485 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

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

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