Trending Now

Virginia and Baltimore Companies Unite to Solve Shipping…

New Articles

Rising Demand in the U.S., Canada, and Europe Drives Global Quinoa Exports

quinoa
Archives, Global Trade Daily, News

Rising Demand in the U.S., Canada, and Europe Drives Global Quinoa Exports

Leave a comment

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

The global quinoa market revenue amounted to $410M in 2018, rising by 5.1% 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). Overall, quinoa consumption continues to indicate strong growth.

Consumption By Country

The countries with the highest volumes of quinoa consumption in 2018 were Bolivia (40K tonnes), Peru (34K tonnes) and the U.S. (29K tonnes), with a combined 71% share of global consumption.

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

In value terms, the largest quinoa markets worldwide were Bolivia ($114M), Peru ($91M) and the U.S. ($84M), together accounting for 70% of the global market.

In 2018, the highest levels of quinoa per capita consumption was registered in Bolivia (3,578 kg per 1000 persons), followed by Peru (1,057 kg per 1000 persons), Canada (285 kg per 1000 persons) and Australia (109 kg per 1000 persons), while the world average per capita consumption of quinoa was estimated at 19 kg per 1000 persons.

Production 2007-2018

In 2018, the amount of quinoa produced worldwide totaled 167K tonnes, jumping by 9.3% against the previous year. In general, quinoa production continues to indicate a resilient increase. The general positive trend in terms of quinoa output was largely conditioned by prominent growth of the harvested area and a relatively flat trend pattern in yield figures.

Production By Country

The countries with the highest volumes of quinoa production in 2018 were Peru (86K tonnes), Bolivia (73K tonnes) and Ecuador (3K tonnes), with a combined 97% share of global production.

From 2007 to 2018, the most notable rate of growth in terms of quinoa production, amongst the main producing countries, was attained by Ecuador, while quinoa production for the other global leaders experienced more modest paces of growth.

Harvested Area 2007-2018

In 2018, approx. 188K ha of quinoa were harvested worldwide; growing by 8.6% against the previous year. Over the period under review, the quinoa harvested area continues to indicate a resilient increase.

Yield 2007-2018

Global average quinoa yield amounted to 888 kg per ha in 2018, approximately reflecting the previous year. In general, the quinoa yield continues to indicate a relatively flat trend pattern.

Exports 2007-2018

In 2018, approx. 105K tonnes of quinoa were exported worldwide; rising by 8.9% against the previous year. Overall, quinoa exports continue to indicate strong growth. Over the period under review, global quinoa exports attained their peak figure in 2018 and are expected to retain its growth in the immediate term. In value terms, quinoa exports totaled $273M (IndexBox estimates) in 2018.

Exports by Country

Peru was the largest exporter of quinoa exported in the world, with the volume of exports recording 52K tonnes, which was approx. 49% of total exports in 2018. It was distantly followed by Bolivia (33K tonnes) and the Netherlands (6.7K tonnes), together generating a 38% share of total exports. The U.S. (4,434 tonnes), Ecuador (2,250 tonnes), Italy (1,869 tonnes) and France (1,848 tonnes) took a little 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 Italy, while exports for the other global leaders experienced more modest paces of growth.

In value terms, Peru ($126M), Bolivia ($81M) and the Netherlands ($23M) were the countries with the highest levels of exports in 2018, together comprising 84% of global exports. These countries were followed by the U.S., France, Italy and Ecuador, which together accounted for a further 12%.

Export Prices by Country

In 2018, the average quinoa export price amounted to $2,611 per tonne, declining by -4.4% against the previous year. Over the period under review, the quinoa export price continues to indicate a measured contraction. The growth pace was the most rapid in 2013 an increase of 39% y-o-y.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was France ($3,748 per tonne), while Ecuador ($1,898 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 global leaders experienced mixed trends in the export price figures.

Imports 2007-2018

Global imports totaled 83K tonnes in 2018, picking up by 10% against the previous year. Overall, quinoa imports continue to indicate a remarkable increase. In value terms, quinoa imports amounted to $211M (IndexBox estimates) in 2018.

Imports by Country

The U.S. represented the major importer of quinoa imported in the world, with the volume of imports finishing at 34K tonnes, which was approx. 40% of total imports in 2018. Canada (10,559 tonnes) ranks second in terms of the total imports with a 13% share, followed by France (11%), the Netherlands (5.6%), Italy (5.4%) and the UK (4.9%). Australia (2,736 tonnes), Israel (1,963 tonnes), Brazil (1,799 tonnes), Chile (1,645 tonnes) and Austria (1,270 tonnes) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +16.2% from 2007 to 2018. At the same time, Italy (+23.6%), the Netherlands (+19.5%), Australia (+17.3%), the UK (+16.7%), Austria (+16.5%), France (+16.3%), Canada (+16.0%), Israel (+15.0%) and Brazil (+13.0%) displayed positive paces of growth.

In value terms, the U.S. ($87M) constitutes the largest market for imported quinoa worldwide, comprising 41% of global imports. The second position in the ranking was occupied by Canada ($29M), with a 14% share of global imports. It was followed by France, with a 10% share.

Import Prices by Country

In 2018, the average import price amounted to $2,533 per tonne, falling by -2.2% against the previous year. Over the period under review, the quinoa import price continues to indicate a noticeable descent.

Prices varied noticeably by the country of destination; the country with the highest price was Austria ($3,385 per tonne), while Italy ($1,656 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Austria, while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

onion and shallot market
Archives, Global Trade Daily, Imports/Exports

Global Onion And Shallot Market: Despite Slight Decrease In Imports, U.S. Remains Most Promising Market

Leave a comment

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

The global onion and shallot market revenue amounted to $43.1B in 2018, going up by 4.5% 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).

The market value increased at an average annual rate of +3.1% 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 2010, when the market value increased by 12% against the previous year. Global onion and shallot consumption peaked in 2018, and is likely to continue its growth in the immediate term.

Production 2007-2018

In 2018, the global onion and shallot production amounted to 106M tonnes, picking up by 3.2% against the previous year. The total output volume increased at an average annual rate of +2.8% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period.

Exports 2007-2018

In 2018, approx. 6.6M tonnes of onion and shallots were exported worldwide; surging by 4.6% against the previous year. Over the period under review, onion and shallot exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, when exports increased by 23% against the previous year. Global exports peaked at 7.4M tonnes in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

In value terms, onion and shallot exports totaled $2.9B (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +1.1% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2010, with an increase of 38% against the previous year. Global exports peaked at $3.4B in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, the Netherlands (1.5M tonnes), distantly followed by India (691K tonnes), China (575K tonnes), Spain (437K tonnes), Mexico (400K tonnes), Egypt (383K tonnes) and the U.S. (360K tonnes) represented the largest exporters of onion and shallots, together achieving 67% of total exports. Peru (194K tonnes), Poland (182K tonnes), France (170K tonnes), Germany (136K tonnes) and New Zealand (134K tonnes) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to onion and shallot exports from the Netherlands stood at +4.4%. At the same time, Peru (+8.7%), France (+8.0%), Germany (+6.4%), Poland (+5.1%), Spain (+5.1%), the U.S. (+3.1%), Mexico (+3.0%) and Egypt (+2.6%) displayed positive paces of growth. Moreover, Peru emerged as the fastest growing exporter in the world, with a CAGR of +8.7% from 2007-2018. China experienced a relatively flat trend pattern. By contrast, India (-1.4%) and New Zealand (-3.3%) illustrated a downward trend over the same period. While the share of India (1.7%) increased significantly in terms of the global exports from 2007-2018, the share of the U.S. (-1.5%), Mexico (-1.7%), Peru (-1.8%), Spain (-2.8%) and the Netherlands (-8.7%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($676M), Mexico ($378M) and the U.S. ($232M) were the countries with the highest levels of exports in 2018, with a combined 44% share of global exports. These countries were followed by Spain, India, China, Egypt, Peru, Poland, France, Germany and New Zealand, which together accounted for a further 40%.

Export Prices by Country

The average onion and shallot export price stood at $446 per tonne in 2018, picking up by 7.1% against the previous year. In general, the onion and shallot export price continues to indicate a modest expansion. Export prices varied noticeably by the country of origin; the country with the highest export price was Mexico ($943 per tonne), while India ($310 per tonne) was amongst the lowest.

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

Imports 2007-2018

Global imports stood at 7.2M tonnes in 2018, going down by -3% against the previous year. The total import 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. In value terms, onion and shallot imports stood at $3B (IndexBox estimates) in 2018.

Imports by Country

In 2018, the U.S. (625K tonnes) and Malaysia (545K tonnes) were the major importers of onion and shallotsaround the world, together resulting at near 16% of total imports. The United Arab Emirates (302K tonnes), Japan (295K tonnes), Russia (293K tonnes), the UK (273K tonnes), Sri Lanka (263K tonnes), the Netherlands (263K tonnes), Bangladesh (262K tonnes), Saudi Arabia (211K tonnes), Germany (210K tonnes) and Canada (186K tonnes) 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 Bangladesh, while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($445M) constitutes the largest market for imported onion and shallots worldwide, comprising 15% of global imports. The second position in the ranking was occupied by Malaysia ($181M), with a 6.1% share of global imports. It was followed by Canada, with a 5% share.

Import Prices by Country

In 2018, the average onion and shallot import price amounted to $411 per tonne, jumping by 4.5% against the previous year. In general, the onion and shallot import price, however, 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 Canada ($803 per tonne), while Bangladesh ($216 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform