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Spain Remains the Export Leader in the Global Strawberry Market

strawberry exports

Spain Remains the Export Leader in the Global Strawberry Market

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

Due to the Covid-related restrictions, there was a 2.3% drop in strawberry exports from Spain in 2020. Despite this, Spain keeps its position as an export leader in the global strawberry market. Most Spanish strawberries are marketed in Germany, the UK, France, and other European countries.

Exports from Spain

Strawberry exports from Spain declined to 287K tonnes in 2020, which is down by -2.3% against the year before. The total export volume increased at an average annual rate of +2.5% over the period from 2007 to 2020. Spain comprises near 33% of the global strawberry exports in physical terms.

In value terms, strawberry exports stood at $671M in 2020. The total export value increased at an average annual rate of +2.7% from 2007 to 2020. The most prominent rate of growth was recorded in 2008 when exports increased by 23% y-o-y. Exports peaked at $704M in 2018; however, from 2019 to 2020, exports failed to regain momentum.

Germany (100K tonnes) was the main destination for strawberry exports from Spain, with a 35% share of total exports. Moreover, strawberry exports to Germany exceeded the volume sent to the second major destination, the UK (41K tonnes), twofold. The third position in this ranking was occupied by France (40K tonnes), with a 14% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Germany totaled +4.8%. Exports to the other major destinations recorded the following average annual rates of export growth: the UK (+5.9% per year) and France (-4.3% per year).

In value terms, the largest markets for strawberry exported from Spain were Germany ($220M), the UK ($116M) and France ($82M), with a combined 62% share of total exports. Italy, the Netherlands, Portugal, Poland and Belgium lagged somewhat behind, together accounting for a further 23%.

The average strawberry export price stood at $2,339 per tonne in 2020 (IndexBox estimates), growing by 3% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by 17% y-o-y. The export price peaked at $2,678 per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2020, the countries with the highest prices were the UK ($2,859 per tonne) and Poland ($2,507 per tonne), while the average price for exports to Italy ($2,005 per tonne) and Belgium ($2,028 per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Poland, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform

tea market

Tea Market to Reach US$20.0 Billion By the End of 2025

A large number of companies operate in the global tea market rendering it highly competitive. They primarily compete on the basis of product quality, service, brand image, innovation, price, and distribution. While the market exhibits the presence of several prominent players such as Tata Global Beverages, Kusmi Tea, Davids Tea, and Unilever Plc. and Unilever Plc., small and medium-scale suppliers are also present in plenty, finds Transparency Market Research (TMR) in a new study.

TMR pegs the global tea market to reach US$20.0 bn by the end of 2025, from US$12.8 bn in 2017. If these figures hold true, the global tea market will exhibit a CAGR of 5.7% between 2017 and 2025. Based on type, the demand for crush, tear, curl (CTC) tea is expected to remain considerably high through the course of the forecast period. Regionally, Asia Pacific emerged dominant in the global market. Between 2017 and 2025, the Asia Pacific tea market is likely to rise at a CAGR of 6.8%.

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Rising Knowledge about Help Benefits Tea Offers will Fuel its Consumption

As per TMR, the global tea market is likely to remain steady in the forthcoming years. The rising demand for tea around the world will enable the market to sustain growth through the forecast period. TMR finds that traditional tea will remain popular among tea lovers worldwide. Besides its cost-efficiency, the steadily increasing consumption of traditional tea will enable it to secure a significant share in the global tea market. Meanwhile, the rising popularity of premium tea such as oolong tea, yellow tea, and white tea will create considerable growth opportunities for the market. The demand for premium tea varieties is expected to rise in the coming years and consumers’ willingness to spend increases in response to their increasing disposable income.

The growing awareness about health benefits offered by tea will also push its demand worldwide. The flavonoids, antioxidants, and phytochemicals present in tea help improving various functions in the human body. The rising knowledge about the benefits of drinking tea for patients suffering from combat arthritis, cardiovascular diseases, and high blood pressure will pave way for the market’s growth in the coming years.

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Increasing Coffee Consumption Pose Threat to Market

In the coming years, the market is likely to gain significantly from the rising popularity of herbal and organic tea. Their infusion with a wide range of flavors and fragrances will also favor growth in the market. On the downside, changes in consumer preference and fluctuating wages of labor may hinder the market’s growth. Also, the increasing consumption of coffee will act as a key restraint for the market.

Other factors such as resource constraints and climate change may adversely impact the market. Nonetheless, tea consumption is forecast to rise around the world. Furthermore, the increasing availability of various flavors and types of tea at a reasonable price will boost the market over the forecast period.

This review is based on a TMR report, titled “Tea Market (Product – Leaf Tea and CTC Tea; Type – Premium/Specialty Tea and Mass Tea) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.

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The report segments the global tea market as:

Global Tea Market: By Product

-Leaf Tea

-CTC Tea

Global Tea Market: By Type

-Premium/Specialty Tea

-Mass Tea

Global Tea Market: By Geography

North America

-U.S.

-Canada

Europe

-Spain

-Italy

-France

-Belgium

-Germany

-U.K.

-Netherlands

-Rest of Europe

Asia Pacific (APAC)

-India

-China

-Hong Kong

-Singapore

-Japan

-Thailand

-Australia

-Rest of APAC

Middle East and Africa (MEA)

-Saudi Arabia

-A.E.

-South Africa

-Rest of MEA

South America

-Brazil

-Rest of South America

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Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with the ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making the right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of the right sense of fact-oriented problem-solving methodologies and leveraging existing data repositories.

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