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Global Vermouth Market 2020 – U.S. is the World’s Largest Importer of Vermouth

vermouth

Global Vermouth Market 2020 – U.S. is the World’s Largest Importer of Vermouth

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

Exports 2013-2018

In 2018, approx. 259M litres of vermouth were exported worldwide; shrinking by -4.1% against the previous year. In general, vermouth exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 8.1% y-o-y. In that year, global vermouth exports attained their peak of 270M litres, and then declined slightly in the following year.

In value terms, vermouth exports amounted to $494M (IndexBox estimates) in 2018.

Exports by Country

Italy represented the major exporter of vermouth exported in the world, with the volume of exports recording 112M litres, which was near 43% of total exports in 2018. It was distantly followed by Spain (64M litres), Germany (29M litres) and France (20M litres), together constituting a 44% share of total exports. The U.S. (6.4M litres) held a minor share of total exports.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S., while exports for the other global leaders experienced more modest paces of growth.

In value terms, Italy ($205M) remains the largest vermouth supplier worldwide, comprising 41% of global exports. The second position in the ranking was occupied by Spain ($97M), with a 20% share of global exports. It was followed by France, with a 11% share.

Export Prices by Country

The average vermouth export price stood at $1.9 per litre in 2018, growing by 12% against the previous year. Overall, the vermouth export price, however, continues to indicate a moderate curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 12% year-to-year. The global export price peaked at $2.1 per litre in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was France ($2.7 per litre), while Spain ($1.5 per litre) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced a decline in the export price figures.

Imports 2013-2018

In 2018, the amount of vermouth imported worldwide amounted to 262M litres, approximately mirroring the previous year.

In value terms, vermouth imports amounted to $502M (IndexBox estimates) in 2018.

Imports by Country

The countries with the highest levels of vermouth imports in 2018 were France (32M litres), the U.S. (25M litres), Germany (23M litres), Russia (18M litres), the UK (17M litres), Belgium (17M litres), Spain (17M litres), Poland (12M litres), the Netherlands (9.1M litres), Portugal (7.5M litres) and the Czech Republic (7.3M litres), together accounting for 71% of total import. Switzerland (4.1M litres) followed a long way behind the leaders.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Spain, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($59M), France ($49M) and Germany ($45M) were the countries with the highest levels of imports in 2018, together accounting for 30% of global imports. These countries were followed by Belgium, Russia, Poland, the UK, Spain, the Netherlands, Portugal, the Czech Republic and Switzerland, which together accounted for a further 38%.

Import Prices by Country

The average vermouth import price stood at $1.9 per litre in 2018, coming down by -3.6% against the previous year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Switzerland ($2.5 per litre), while the Czech Republic ($1.4 per litre) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

oat market

U.S. Oat Market – Key Statistics, Trends, and Insights

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

The revenue of the oat market in the U.S. amounted to $525M in 2018, increasing by 6.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

In general, oat consumption, however, continues to indicate a temperate decrease. The pace of growth appeared the most rapid in 2008 with an increase of 26% year-to-year. In that year, the oat market attained its peak level of $861M. From 2009 to 2018, the growth of the oat market failed to regain its momentum.

Production in the U.S.

In 2018, the production of oats in the U.S. amounted to 815K tonnes, jumping by 13% against the previous year. In general, oat production, however, continues to indicate a drastic deduction. The most prominent rate of growth was recorded in 2015 with an increase of 27% against the previous year. Oat production peaked at 1.3M tonnes in 2009; however, from 2010 to 2018, production stood at a somewhat lower figure. Oat output in the U.S. indicated a drastic setback, which was largely conditioned by a deep deduction of the harvested area and a relatively flat trend pattern in yield figures.

In value terms, oat production amounted to $288M in 2018. In general, oat production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when production volume increased by 88% against the previous year. Oat production peaked at $426M in 2015; however, from 2016 to 2018, production failed to regain its momentum.

Harvested Area in the U.S.

Oat harvested area in the U.S. amounted to 350K ha in 2018, surging by 7.6% against the previous year. In general, the oat harvested area, however, continues to indicate an abrupt setback. The pace of growth appeared the most rapid in 2015 when harvested area increased by 23% y-o-y. Over the period under review, the harvested area dedicated to oat production attained its maximum at 609K ha in 2007; however, from 2008 to 2018, harvested area remained at a lower figure.

Yield in the U.S.

In 2018, the average yield of oats in the U.S. amounted to 2.3 tonne per ha, jumping by 5.2% against the previous year. Overall, the oat yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when yield increased by 6.8% against the previous year. Oat yield peaked at 2.5 tonne per ha in 2015; however, from 2016 to 2018, yield stood at a somewhat lower figure.

Exports from the U.S.

Oat exports from the U.S. stood at 28K tonnes in 2018, going down by -35.3% against the previous year. Over the period under review, oat exports continue to indicate a slight deduction. The most prominent rate of growth was recorded in 2008 when exports increased by 65% year-to-year. In that year, oat exports reached their peak of 57K tonnes. From 2009 to 2018, the growth of oat exports remained at a lower figure.

In value terms, oat exports totaled $10M (IndexBox estimates) in 2018. Overall, oat exports continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2008 with an increase of 81% against the previous year. Over the period under review, oat exports attained their peak figure at $16M in 2017, and then declined slightly in the following year.

Exports by Country

Canada (9.4K tonnes) was the main destination for oat exports from the U.S., accounting for a 33% share of total exports. Moreover, oat exports to Canada exceeded the volume sent to the second major destination, Japan (4.2K tonnes), twofold. Taiwan, Chinese (2.6K tonnes) ranked third in terms of total exports with a 9% share.

From 2007 to 2018, the average annual growth rate of volume to Canada totaled -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+19.1% per year) and Taiwan, Chinese (+8.4% per year).

In value terms, the largest markets for oat exported from the U.S. were Japan ($2.4M), Canada ($2M) and China, Hong Kong SAR ($1.3M), with a combined 58% share of total exports. Mexico, Taiwan, Chinese, Singapore, China, Belize, Trinidad and Tobago and the Dominican Republic lagged somewhat behind, together comprising a further 27%.

China (+54.2% per year) experienced the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average oat export price stood at $354 per tonne in 2018, remaining relatively unchanged against the previous year. Over the period under review, the export price indicated a buoyant expansion from 2007 to 2018: its price increased at an average annual rate of +4.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices for oats attained their peak figure at $384 per tonne in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was China, Hong Kong SAR ($1,037 per tonne), while the average price for exports to Canada ($216 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

In 2018, approx. 1.5M tonnes of oats were imported into the U.S.; growing by 12% against the previous year. Overall, oat imports, however, continue to indicate a temperate slump. The most prominent rate of growth was recorded in 2014 when imports increased by 26% against the previous year. Imports peaked at 1.9M tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, oat imports amounted to $329M (IndexBox estimates) in 2018. Over the period under review, oat imports, however, continue to indicate a mild descent. The most prominent rate of growth was recorded in 2008 when imports increased by 45% against the previous year. In that year, oat imports attained their peak of $541M. From 2009 to 2018, the growth of oat imports failed to regain its momentum.

Imports by Country

In 2018, Canada (1.5M tonnes) was the main oat supplier to the U.S., accounting for a 97% share of total imports. It was followed by Sweden (27K tonnes), with a 1.8% share of total imports.

From 2007 to 2018, the average annual growth rate of volume from Canada amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+0.9% per year) and Finland (+6.0% per year).

In value terms, Canada ($320M) constituted the largest supplier of oat to the U.S., comprising 97% of total oat imports. The second position in the ranking was occupied by Sweden ($4.4M), with a 1.4% share of total imports.

From 2007 to 2018, the average annual growth rate of value from Canada totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+2.7% per year) and Finland (+5.4% per year).

Import Prices by Country

In 2018, the average oat import price amounted to $219 per tonne, declining by -10.4% against the previous year. Overall, the oat import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average import price increased by 71% against the previous year. In that year, the average import prices for oats attained their peak level of $339 per tonne. From 2009 to 2018, the growth in terms of the average import prices for oats remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the country with the highest price was Canada ($220 per tonne), while the price for Sweden ($167 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Sweden, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

rye

U.S. Rye Production Dropped for a Third Consecutive Year in 2018

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

The U.S. rye market rose by 16% to reach  $362M in 2018. Over the last decade, rye consumption continues to indicate a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 29% against the previous year. Rye consumption peaked at $364M in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.

Market Forecast

Driven by increasing demand for rye in the U.S., 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 +3.4% for the period from 2018 to 2030, which is projected to bring the market volume to 728K tonnes by the end of 2030.

U.S. Production

Rye production in the U.S. totaled 214K tonnes in 2018, going down by -17.8% against the previous year. Based on 2018 figures, rye production decreased by -26.7% against 2015 indices. The pace of growth was the most pronounced in 2015 when production volume increased by 60% against the previous year. In that year, rye production attained its peak volume of 292K tonnes. From 2016 to 2018, rye production growth failed to regain its momentum.

Harvested Area and Yield

In 2018, the rye harvested area in the U.S. stood at 110K ha, lowering by -9% against the previous year. The average yield of rye totaled 1.9 tonne per ha, shrinking by -9.6% against the previous year. From 2007 to 2018, the yield figure increased at an average annual rate of +1.9% over the period .

Exports from the U.S.

Rye exports from the U.S. amounted to 3.6K tonnes in 2018, lowering by -13% against the previous year.

In value terms, rye exports amounted to $3.6M (IndexBox estimates) in 2018. Over the period under review, rye exports reached their peak figure at $6.6M in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

South Korea (583 tonnes), Japan (392 tonnes) and Canada (135 tonnes) were the main destinations of rye exports from the U.S., with a combined 31% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Japan, while exports for the other leaders experienced a decline.

Export Prices by Country

In 2018, the average rye export price amounted to $993 per tonne, growing by 16% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($4,780 per tonne), while the average price for exports to the U.S. ($993 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

In 2018, the amount of rye imported into the U.S. amounted to 279K tonnes, jumping by 53% against the previous year. In value terms, rye imports stood at $68M (IndexBox estimates) in 2018.

Imports by Country

Canada (162K tonnes), Germany (85K tonnes) and Sweden (23K tonnes) were the main suppliers of rye imports to the U.S., together comprising 97% of total imports. These countries were followed by Denmark, which accounted for a further 2.7%.

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

In value terms, Canada ($43M) constituted the largest supplier of rye to the U.S., comprising 14% of total rye imports. The second position in the ranking was occupied by Germany ($18M), with a 5.8% share of total imports. It was followed by Sweden, with a 1.3% share.

From 2007 to 2018, the average annual growth rate of value from Canada amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.2% per year) and Sweden (+14.2% per year).

Import Prices by Country

In 2018, the average rye import price amounted to $242 per tonne, shrinking by -2.5% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Denmark ($317 per tonne), while the price for Sweden ($172 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform