IndexBox has just published a new report, the Middle East – Persimmons – Market Analysis, Forecast, Size, Trends and Insights. Here is a summary of the report’s key findings.
The revenue of the persimmon market in Middle East amounted to $75M in 2017, growing by 10% 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 total market indicated a remarkable expansion from 2012 to 2017: its value increased at an average annual rate of +9.4% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.
Based on 2017 figures, the persimmon consumption increased by +72.2% against 2012 indices. The most prominent rate of growth was recorded in 2013, when it surged by 32% year-to-year. Over the period under review, the persimmon market reached its peak figure level in 2017, and is likely to see steady growth in the immediate term.
Production in the Middle East
In 2017, the amount of persimmons produced in Middle East stood at 60K tonnes, growing by 2.4% against the previous year. The total output volume increased at an average annual rate of +4.4% from 2012 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.
Persimmon Exports
The exports totaled 7.6K tonnes in 2017, rising by 21% against the previous year. The persimmon exports continue to indicate a drastic decrease. In value terms, persimmon exports stood at $12M (IndexBox estimates) in 2017.
Exports by Country
Israel was the key exporting countries with an export of around 5.5K tonnes, which amounted to 72% of total exports. It was distantly followed by Iran (1.1K tonnes) and the United Arab Emirates (572 tonnes), together constituting 21% share of total exports. Lebanon (300 tonnes) held the minor share of total exports.
From 2012 to 2017, average annual rates of growth with regard to persimmon exports from Israel stood at -13.3%. At the same time, the United Arab Emirates (+285.1%) and Iran (+43.6%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest growing exporter in Middle East, with a CAGR of +285.1% from 2012-2017. By contrast, Lebanon (-30.0%) illustrated a downward trend over the same period. While the share of Israel (75%) and Lebanon (19%) increased significantly in terms of the global exports from 2012-2017, the share of the United Arab Emirates (-7.5%) and Iran (-11.7%) displayed negative dynamics.
In value terms, Israel ($11M) remains the largest persimmon supplier in Middle East, comprising 91% of global exports. The second position in the ranking was occupied by the United Arab Emirates ($406K), with a 3.5% share of global exports. It was followed by Iran, with a 3.2% share.
Export Prices by Country
In 2017, the persimmon export price in Middle East amounted to $1.5 per kg, increasing by 13% against the previous year. The the persimmon export price continues to indicate a relatively flat trend pattern.
Export prices varied noticeably by the country of destination; the country with the highest export price was Israel ($1.9 per kg), while Iran ($353 per tonne) was amongst the lowest.
From 2012 to 2017, the most notable rate of growth in terms of export prices was attained by Israel (+3.1% per year), while the other leaders experienced mixed trends in the export price figures.
Persimmon Imports
In 2017, persimmon imports in Middle East amounted to 9K tonnes, rising by 2.5% against the previous year. The persimmon imports continue to indicate a strong expansion. In value terms, persimmon imports stood at $13M (IndexBox estimates) in 2017.
Imports by Country
Saudi Arabia was the largest importer of persimmons in Middle East, with the volume of imports accounting for 3.9K tonnes, which was approx. 43% of total imports in 2017. Jordan (2.5K tonnes) held the second position in the ranking, followed by Palestine (1.9K tonnes). All these countries together occupied approx. 50% share of total imports. The following importers – the United Arab Emirates (255 tonnes) and Bahrain (193 tonnes) together made up 5% of total imports.
From 2012 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Bahrain (+55.3% per year), while the other leaders experienced more modest paces of growth.
In value terms, Saudi Arabia ($5.1M), Jordan ($3.7M) and Palestine ($2.7M) constituted the countries with the highest levels of imports in 2017, together comprising 92% of total imports. These countries were followed by the United Arab Emirates and Bahrain, which together accounted for a further 6.2%.
Import Prices by Country
In 2017, the persimmon import price in Middle East amounted to $1.4 per kg, coming down by -2.1% against the previous year. The import price indicated a strong increase from 2012 to 2017: its price increased at an average annual rate of +12.9% over the last five year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, the persimmon import price decreased by -3.8% against 2015 indices.
There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was the United Arab Emirates ($2 per kg), while Saudi Arabia ($1.3 per kg) was amongst the lowest.
From 2012 to 2017, the most notable rate of growth in terms of import prices was attained by Saudi Arabia (+23.0% per year), while the other leaders experienced more modest paces of growth.
Source: IndexBox AI Platform