Rapeseed Oil Market in Asia-Pacific Reached $19B, Boosted By Rising Demand In China and India

February 13th, 2020 IndexBox Leave a comment

IndexBox has just published a new report: ‘Asia-Pacific – 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 Asia-Pacific amounted to $19.1B in 2018, rising by 6.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.6% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the rapeseed oil market reached its peak figure level in 2018 and is expected to retain its growth in the immediate term.

Consumption By Country

China (7.5M tonnes) remains the largest rapeseed oil-consuming country in Asia-Pacific, accounting for 59% of total volume. Moreover, rapeseed oil consumption in China exceeded the figures recorded by the second-largest consumer, India (2.8M tonnes), threefold. The third position in this ranking was occupied by Japan (1.2M tonnes), with a 9.3% share.

From 2007 to 2018, the average annual growth rate of volume in China amounted to +4.3%. In other countries, the average annual rates were as follows: India (+1.6% per year) and Japan (+1.8% per year).

In value terms, China ($9.4B), India ($5.8B) and Japan ($2.5B) appeared to be the countries with the highest levels of market value in 2018, with a combined 93% share of the total market. Pakistan and Australia lagged somewhat behind, together comprising a further 4.4%.

The countries with the highest levels of rapeseed oil per capita consumption in 2018 were Australia (16,769 kg per 1000 persons), Japan (9,202 kg per 1000 persons) and China (5,144 kg per 1000 persons).

Market Forecast to 2030

Driven by increasing demand for rapeseed oil in Asia-Pacific, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.4% for the period from 2018 to 2030, which is projected to bring the market volume to 17M tonnes by the end of 2030.

Production in Asia-Pacific

In 2018, the amount of rapeseed oil produced in Asia-Pacific totaled 11M tonnes, jumping by 3.2% against the previous year. The total output volume increased at an average annual rate of +2.9% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years.

Production By Country

China (6.6M tonnes) constituted the country with the largest volume of rapeseed oil production, accounting for 59% of total volume. Moreover, rapeseed oil production in China exceeded the figures recorded by the second-largest producer, India (2.6M tonnes), threefold. The third position in this ranking was occupied by Japan (1.2M tonnes), with a 10% share.

In China, rapeseed oil production increased at an average annual rate of +3.9% over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: India (+1.0% per year) and Japan (+1.9% per year).

Exports in Asia-Pacific

In 2018, the amount of rapeseed oil exported in Asia-Pacific totaled 267K tonnes, going up by 4.7% against the previous year. The total exports indicated temperate growth from 2007 to 2018: its volume increased at an average annual rate of +2.8% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, rapeseed oil exports increased by +20.2% against 2016 indices. In value terms, rapeseed oil exports totaled $282M (IndexBox estimates) in 2018.

Exports by Country

Australia represented the major exporter of rapeseed oil exported in Asia-Pacific, with the volume of exports accounting for 167K tonnes, which was approx. 63% of total exports in 2018. It was distantly followed by Malaysia (71K tonnes), constituting a 27% share of total exports. Singapore (10,498 tonnes) and China (5,643 tonnes) took small shares of total exports.

Australia was also the fastest-growing in terms of the rapeseed oil exports, with a CAGR of +8.8% from 2007 to 2018. Malaysia experienced a relatively flat trend pattern. Singapore (-5.6%) and China (-10.4%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Australia increased by +38% percentage points, while Singapore (-3.5 p.p.), and China (-4.9 p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($161M), Malaysia ($81M) and Singapore ($13M) were the countries with the highest levels of exports in 2018, with a combined 91% share of total exports.

Export Prices by Country

In 2018, average rapeseed oil export price in Asia-Pacific amounted to $1,054 per tonne, rising by 5.1% against the previous year. Over the period under review, the export prices for rapeseed oil attained their peak figure at $1,321 per tonne in 2012; however, from 2013 to 2018, export price stood at somewhat lower figures.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Singapore ($1,249 per tonne) and China ($1,212 per tonne), while Australia ($964 per tonne) and China, Hong Kong SAR ($1,021 per tonne) were amongst the lowest.

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

Imports in Asia-Pacific

In 2018, approx. 1.6M tonnes of rapeseed oil were imported in Asia-Pacific; surging by 15% against the previous year. Overall, rapeseed oil imports continue to indicate a prominent increase. Over the period under review, rapeseed oil imports reached their maximum at 1.8M tonnes in 2013; however, from 2014 to 2018, imports failed to regain their momentum. In value terms, rapeseed oil imports totaled $1.3B (IndexBox estimates) in 2018.

Imports by Country

China represented the major importer of rapeseed oil imported in Asia-Pacific, with the volume of imports amounting to 817K tonnes, which was approx. 52% of total imports in 2018. India (221K tonnes) held a 14% share (based on tonnes) of total imports, which put it in second place, followed by South Korea (10%), China, Hong Kong SAR (5.4%) and Malaysia (5%). The following importers – New Zealand (63K tonnes) and the Philippines (30K tonnes) – together made up 6% of total imports.

Imports into China increased at an average annual rate of +7.2% from 2007 to 2018. At the same time, the Philippines (+20.3%), India (+17.9%), South Korea (+13.2%), China, Hong Kong SAR (+12.1%), New Zealand (+8.3%) and Malaysia (+7.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +20.3% from 2007-2018.

In value terms, China ($680M) constitutes the largest market for imported rapeseed oil in Asia-Pacific, comprising 50% of total rapeseed oil imports. The second position in the ranking was occupied by India ($178M), with a 13% share of total imports. It was followed by South Korea, with a 10% share.

Import Prices by Country

The rapeseed oil import price in Asia-Pacific stood at $862 per tonne in 2018, stabilizing at the previous year. In general, the rapeseed oil import price continues to indicate a relatively flat trend pattern.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in the Philippines ($1,117 per tonne) and New Zealand ($998 per tonne), while China, Hong Kong SAR ($798 per tonne) and India ($805 per tonne) were amongst the lowest.

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

Source: IndexBox AI Platform

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The Growth of the EU Decaffeinated Coffee Market Lost its Momentum

February 11th, 2020 IndexBox Leave a comment

IndexBox has just published a new report: ‘EU – Decaffeinated Coffee (Not Roasted) – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The revenue of the decaffeinated coffee market in the European Union amounted to $1.6B 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). Overall, decaffeinated coffee consumption continues to indicate a relatively flat trend pattern.

Consumption By Country in the EU

The countries with the highest volumes of decaffeinated coffee consumption in 2018 were the UK (59K tonnes), Germany (49K tonnes) and France (45K tonnes), with a combined 47% share of total consumption. These countries were followed by Spain, Poland, Belgium, the Netherlands, Sweden, Austria, Portugal, Italy and Finland, which together accounted for a further 42%.

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

In value terms, the UK ($449M) led the market, alone. The second position in the ranking was occupied by France ($174M). It was followed by Germany.

The countries with the highest levels of decaffeinated coffee per capita consumption in 2018 were Belgium (1,201 kg per 1000 persons), Austria (1,159 kg per 1000 persons) and Sweden (1,133 kg per 1000 persons).

Production in the EU

In 2018, the amount of decaffeinated coffee (not roasted) produced in the European Union totaled 433K tonnes, flattening at the previous year. Overall, decaffeinated coffee production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 5.5% against the previous year.

Production By Country in the EU

The country with the largest volume of decaffeinated coffee production was Germany (208K tonnes), accounting for 48% of total volume. Moreover, decaffeinated coffee production in Germany exceeded the figures recorded by the second-largest producer, the UK (55K tonnes), fourfold. France (42K tonnes) ranked third in terms of total production with a 9.7% share.

In Germany, decaffeinated coffee production remained relatively stable over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: the UK (+1.0% per year) and France (-0.4% per year).

Exports in the EU

In 2018, the exports of decaffeinated coffee (not roasted) in the European Union stood at 180K tonnes, going up by 3.1% against the previous year. The total export volume increased at an average annual rate of +1.5% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. Over the period under review, decaffeinated coffee exports reached their peak figure at 187K tonnes in 2013; however, from 2014 to 2018, exports remained at a lower figure. In value terms, decaffeinated coffee exports totaled $596M (IndexBox estimates) in 2018.

Exports by Country

Germany dominates decaffeinated coffee exports structure, resulting at 161K tonnes, which was approx. 89% of total exports in 2018. It was distantly followed by Spain (15K tonnes), committing an 8.2% share of total exports.

Exports from Germany increased at an average annual rate of +1.5% from 2007 to 2018. At the same time, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +3.4% from 2007-2018. While the share of Germany (+13 p.p.) and Spain (+2.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($503M) remains the largest decaffeinated coffee supplier in the European Union, comprising 84% of total decaffeinated coffee exports. The second position in the ranking was occupied by Spain ($74M), with a 12% share of total exports.

Export Prices by Country

In 2018, the decaffeinated coffee export price in the European Union amounted to $3,303 per tonne. Overall, the decaffeinated coffee export price, however, continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Spain ($4,989 per tonne), while Germany amounted to $3,134 per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain.

Imports in the EU

The imports stood at 69K tonnes in 2018, rising by 12% against the previous year. The total import volume increased at an average annual rate of +2.8% 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 2015 when imports increased by 13% year-to-year. The volume of imports peaked in 2018 and are likely to see steady growth in the immediate term. In value terms, decaffeinated coffee imports totaled $185M (IndexBox estimates) in 2018.

Imports by Country

Spain represented the major importer of decaffeinated coffee (not roasted) imported in the European Union, with the volume of imports finishing at 31K tonnes, which was near 45% of total imports in 2018. The Netherlands (11,908 tonnes) took a 17% share (based on tonnes) of total imports, which put it in second place, followed by Italy (9.7%), the UK (6.8%) and Belgium (6.7%). The following importers – France (2,912 tonnes) and Portugal (2,540 tonnes) – each accounted for a 7.9% share of total imports.

Spain was also the fastest-growing in terms of the decaffeinated coffee (not roasted) imports, with a CAGR of +12.1% from 2007 to 2018. At the same time, the UK (+3.2%), Portugal (+2.0%) and France (+1.7%) displayed positive paces of growth. The Netherlands experienced a relatively flat trend pattern. By contrast, Italy (-1.4%) and Belgium (-4.1%) illustrated a downward trend over the same period.

In value terms, the largest decaffeinated coffee importing markets in the European Union were Spain ($59M), the Netherlands ($36M) and Italy ($22M), with a combined 63% share of total imports.

Import Prices by Country

In 2018, the decaffeinated coffee import price in the European Union amounted to $2,698 per tonne, waning by -11.6% against the previous year. Over the period under review, the decaffeinated coffee import price continues to indicate a relatively flat trend pattern. The import prices for decaffeinated coffee (not roasted) attained their peak level of $4,621 per tonne in 2011. From 2012 to 2018, the growth in terms of the import prices for decaffeinated coffee (not roasted) remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($4,154 per tonne), while Spain ($1,926 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.

Source: IndexBox AI Platform

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Fresh Bread And Miscellaneous Bakery Market in the EU Stands at $68.7B

February 6th, 2020 IndexBox Leave a comment

IndexBox has just published a new report: ‘EU – Bakers’ Wares (No Added Sweetening) – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The revenue of the market for fresh bread and miscellaneous bakery in the European Union amounted to $68.7B in 2018, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Over the period under review, consumption of fresh bread and miscellaneous bakery, however, continues to indicate a relatively flat trend pattern.

Consumption By Country in the EU

The countries with the highest volumes of consumption of fresh bread and miscellaneous bakery in 2018 were the UK (4.8M tonnes), Germany (4.6M tonnes) and Spain (3M tonnes), with a combined 44% share of total consumption. These countries were followed by France, Italy, Poland, the Netherlands, Romania, Ireland, the Czech Republic, Portugal and Austria, which together accounted for a further 44%.

From 2007 to 2018, the most notable rate of growth in terms of consumption of fresh bread and miscellaneous bakery, amongst the main consuming countries, was attained by Ireland, while consumption of fresh bread and miscellaneous bakery for the other leaders experienced more modest paces of growth.

In value terms, Germany ($15.7B), the UK ($11.9B) and Italy ($9.8B) constituted the countries with the highest levels of market value in 2018, together accounting for 54% of the total market. France, Spain, the Netherlands, Poland, Austria, Portugal, Romania, Ireland and the Czech Republic lagged somewhat behind, together accounting for a further 36%.

The countries with the highest levels of fresh bread and miscellaneous bakery per capita consumption in 2018 were Ireland (154 kg per person), the Netherlands (81 kg per person) and the UK (72 kg per person).

Market Forecast 2019-2025 in the EU

Driven by increasing demand for fresh bread and miscellaneous bakery in the European Union, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.5% for the period from 2018 to 2030, which is projected to bring the market volume to 30M tonnes by the end of 2030.

Production in the EU

The volume of production of fresh bread and miscellaneous bakery amounted to 28M tonnes in 2018, going down by -1.9% against the previous year. Over the period under review, production of fresh bread and miscellaneous bakery, however, continues to indicate a relatively flat trend pattern. Over the period under review, production of fresh bread and miscellaneous bakery attained its peak figure volume at 29M tonnes in 2017, and then declined slightly in the following year.

Production By Country in the EU

The countries with the highest volumes of production of fresh bread and miscellaneous bakery in 2018 were Germany (5.1M tonnes), the UK (4.3M tonnes) and Spain (3.1M tonnes), together comprising 44% of total production. France, Italy, Poland, the Netherlands, Romania, Ireland, the Czech Republic, Portugal and Belgium lagged somewhat behind, together accounting for a further 44%.

From 2007 to 2018, the most notable rate of growth in terms of production of fresh bread and miscellaneous bakery, amongst the main producing countries, was attained by Ireland, while production of fresh bread and miscellaneous bakery for the other leaders experienced more modest paces of growth.

Exports in the EU

In 2018, the amount of fresh bread and miscellaneous bakery exported in the European Union totaled 4.7M tonnes, surging by 5% against the previous year. The total exports indicated a buoyant increase from 2007 to 2018: its volume increased at an average annual rate of +5.3% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, exports of fresh bread and miscellaneous bakery reached their peak figure in 2018 and are expected to retain its growth in the near future. In value terms, exports of fresh bread and miscellaneous bakery amounted to $13.5B (IndexBox estimates) in 2018.

Exports by Country

In 2018, Germany (1.1M tonnes), distantly followed by France (596K tonnes), Belgium (479K tonnes), Italy (379K tonnes), Poland (356K tonnes), the Netherlands (333K tonnes), Spain (314K tonnes) and the UK (228K tonnes) represented the main exporters of fresh bread and miscellaneous bakery, together comprising 80% 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 Poland, while exports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($2.8B), France ($1.9B) and Belgium ($1.6B) were the countries with the highest levels of exports in 2018, together accounting for 47% of total exports. Italy, the Netherlands, Poland, Spain and the UK lagged somewhat behind, together comprising a further 36%.

Export Prices by Country

In 2018, the export price for fresh bread and miscellaneous bakery in the European Union amounted to $2,881 per tonne, jumping by 7.1% against the previous year. In general, the export price for fresh bread and miscellaneous bakery, however, continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($4,130 per tonne), while Poland ($2,294 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 imports of fresh bread and miscellaneous bakery in the European Union totaled 4.2M tonnes, increasing by 5.4% against the previous year. The total imports indicated a strong increase from 2007 to 2018: its volume increased at an average annual rate of +4.8% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, imports of fresh bread and miscellaneous bakery increased by +67.7% against 2007 indices. In value terms, imports of fresh bread and miscellaneous bakery stood at $11.4B (IndexBox estimates) in 2018.

Imports by Country

The UK (706K tonnes), Germany (574K tonnes), France (449K tonnes), the Netherlands (334K tonnes), Belgium (304K tonnes), Italy (225K tonnes), Austria (175K tonnes), Spain (173K tonnes), Ireland (159K tonnes), Sweden (124K tonnes), the Czech Republic (111K tonnes) and Denmark (111K tonnes) represented roughly 82% of total imports of fresh bread and miscellaneous bakery in 2018.

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

In value terms, the largest fresh bread and miscellaneous bakery importing markets in the European Union were the UK ($1.9B), Germany ($1.6B) and France ($1.4B), together comprising 43% of total imports. The Netherlands, Belgium, Italy, Spain, Austria, Ireland, Sweden, Denmark and the Czech Republic lagged somewhat behind, together accounting for a further 40%.

Import Prices by Country

The import price for fresh bread and miscellaneous bakery in the European Union stood at $2,701 per tonne in 2018, growing by 5.5% against the previous year. Over the period under review, the import price for fresh bread and miscellaneous bakery, however, continues to indicate a relatively flat trend pattern.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in France ($3,132 per tonne) and Spain ($3,107 per tonne), while the Czech Republic ($2,191 per tonne) and Ireland ($2,258 per tonne) were amongst the lowest.

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

Source: IndexBox AI Platform

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Global Melon Market Reached $27B, Driven By Rising Demand in China

February 5th, 2020 IndexBox Leave a comment

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

The global melon market revenue amounted to $27.4B in 2018, increasing by 2.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.1% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the global melon market attained its peak figure level in 2018 and is expected to retain its growth in the near future.