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Vinegar Market in the EU Increases for the Third Consecutive Year, Reaching $871M

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Vinegar Market in the EU Increases for the Third Consecutive Year, Reaching $871M

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

The revenue of the vinegar market in the European Union amounted to $871M in 2018, picking up by 3.4% 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, vinegar consumption continues to indicate a relatively flat trend pattern.

Consumption By Country

The countries with the highest volumes of vinegar consumption in 2018 were Germany (232M litres), France (183M litres) and Italy (119M litres), together accounting for 49% of total consumption. These countries were followed by Spain, the UK, Poland, the Netherlands, Belgium, Romania, the Czech Republic, Portugal and Austria, which together accounted for a further 41%.

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

In value terms, Italy ($214M), Germany ($137M) and France ($120M) constituted the countries with the highest levels of market value in 2018, together accounting for 54% of the total market. Spain, the Netherlands, the UK, Belgium, Austria, Poland, the Czech Republic, Romania and Portugal lagged somewhat behind, together accounting for a further 37%.

The countries with the highest levels of vinegar per capita consumption in 2018 were the Netherlands (3,108 litres per 1000 persons), Germany (2,828 litres per 1000 persons) and France (2,800 litres per 1000 persons).

Market Forecast 2019-2025 in the EU

Driven by increasing demand for vinegar in the European Union, the market is expected to continue an upward consumption trend over the next seven years. The market volume is forecast to expand with an anticipated CAGR of +1.1% for the period from 2018 to 2025, which is projected to bring the market volume to 1.2B litres by the end of 2025.

Production in the EU

In 2018, the production of vinegar in the European Union amounted to 1.2B litres, picking up by 2.8% against the previous year. The total output volume increased at an average annual rate of +1.7% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed over the period under review. Over the period under review, vinegar production attained its maximum volume in 2018 and is likely to see steady growth in the immediate term.

Production By Country in the EU

The countries with the highest volumes of vinegar production in 2018 were Germany (211M litres), Italy (185M litres) and France (182M litres), together comprising 50% of total production.

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

Exports in the EU

The exports amounted to 378M litres in 2018, increasing by 2.4% against the previous year. The total export volume increased at an average annual rate of +2.7% over the period from 2007 to 2018. In value terms, vinegar exports stood at $519M (IndexBox estimates) in 2018.

Exports by Country

Italy was the main exporter of vinegar exported in the European Union, with the volume of exports reaching 124M litres, which was approx. 33% of total exports in 2018. Germany (40M litres) held an 11% share (based on tonnes) of total exports, which put it in second place, followed by Greece (9.6%), Spain (8%), the Netherlands (7.5%), the Czech Republic (7%) and France (6.8%).

Italy experienced a relatively flat trend pattern of vinegar exports. At the same time, the Czech Republic (+19.3%), the Netherlands (+7.8%), Germany (+3.3%) and Greece (+2.3%) displayed positive paces of growth.

In value terms, Italy ($303M) remains the largest vinegar supplier in the European Union, comprising 58% of total vinegar exports. The second position in the ranking was occupied by Spain ($43M), with a 8.3% share of total exports. It was followed by Germany, with a 7.1% share.

Export Prices by Country

The vinegar export price in the European Union stood at $1.4 per litre in 2018, growing by 9% against the previous year. In general, the vinegar export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for vinegar reached their peak figure at $1.4 per litre in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($2.4 per litre), while the Czech Republic ($0.5 per litre) was amongst the lowest. From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, approx. 315M litres of vinegar were imported in the European Union; rising by 4.2% against the previous year. The total imports indicated buoyant growth from 2007 to 2018: its volume 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 volume of imports peaked in 2018 and are expected to retain its growth in the near future. In value terms, vinegar imports totaled $355M (IndexBox estimates) in 2018.

Imports by Country

Germany (60M litres) and Italy (58M litres) represented roughly 38% of total imports of vinegar in 2018. The UK (32M litres) ranks next in terms of the total imports with a 10% share, followed by France (8.3%), the Netherlands (6.3%) and Belgium (5.6%). The following importers – Hungary (14M litres), Austria (12M litres), the Czech Republic (11M litres), Poland (10M litres), Sweden (9.1M litres) and Spain (8.9M litres) – together made up 21% of total imports.

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

In value terms, Germany ($86M), the UK ($53M) and France ($52M) appeared to be the countries with the highest levels of imports in 2018, together comprising 54% of total imports. Italy, Austria, the Netherlands, Spain, Belgium, Sweden, the Czech Republic, Poland and Hungary lagged somewhat behind, together comprising a further 36%.

Import Prices by Country

In 2018, the vinegar import price in the European Union amounted to $1.1 per litre, jumping by 14% against the previous year. Overall, the vinegar import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($2 per litre), while Hungary ($0.5 per litre) was amongst the lowest.

Source: IndexBox AI Platform

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Archives, EU Trade, Global Trade Daily

Germany’s Vinegar Market to Continue Moderate But Robust Growth

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

The revenue of the vinegar market in Germany amounted to $137M in 2018, remaining relatively unchanged 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). Over the period under review, the market revenue continues to indicate a slight decline. However, the volume of consumption in physical terms continues to increase robustly. The volume of the vinegar market in Germany amounted to 232M liters in 2018, rising by +5.6% against the previous year.

Market Forecast 2019-2025 in Germany

Driven by increasing demand for vinegar in Germany, the market is expected to continue an upward consumption trend in the medium term. The market volume is forecast to continue moderate growth, expanding with an anticipated CAGR of +0.9% for the period from 2018 to 2025, which is projected to bring the market volume to 247M liters by the end of 2025.

Production in Germany

Vinegar production in Germany totaled 211M litres in 2018, rising by 5.4% against the previous year. The total output volume increased at an average annual rate of +2.1% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2009 with an increase of 9% y-o-y. Over the period under review, vinegar production attained its maximum volume in 2018 and is likely to continue its growth in the immediate term.

Imports into Germany

In 2018, the amount of vinegar imported into Germany stood at 60M litres, growing by 4.9% against the previous year. In value terms, vinegar imports amounted to $86M (IndexBox estimates) in 2018. Overall, the total imports indicated a prominent increase from 2007 to 2018: its volume increased at an average annual rate of +4.9% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, vinegar imports increased by +43.9% against 2015 indices. Thus, vinegar imports attained their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, Italy (38M litres) constituted the largest vinegar supplier to Germany, with a 63% share of total imports. Moreover, vinegar imports from Italy exceeded the figures recorded by the second-largest supplier, Austria (6.8M litres), sixfold. Greece (3.6M litres) ranked third in terms of total imports with a 6% share.

From 2007 to 2018, the average annual growth rate of volume from Italy amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+15.2% per year) and Greece (+13.1% per year).

In value terms, Italy ($65M) also constituted the largest supplier of vinegar to Germany, comprising 76% of total vinegar imports. The second position in the ranking was occupied by Austria ($7.4M), with a 8.6% share of total imports. It was followed by the Netherlands, with a 2.8% share.

Import Prices by Country

The average vinegar import price stood at $1.4 per litre in 2018, surging by 7.9% against the previous year. In general, the vinegar import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when the average import price increased by 14% against the previous year. The import price peaked at $1.8 per litre in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($1.7 per litre), while the price for Greece ($0.4 per litre) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Archives, Global Trade Daily, Imports/Exports

Vinegar Market in the EU – Germany Emerges As The Largest Importer, Italy Lags Behind Slightly

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

The revenue of the vinegar market in the European Union amounted to $1B in 2018, surging by 5.8% 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, vinegar consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, with an increase of 12% year-to-year. In that year, the vinegar market attained its peak level of $1.1B. From 2012 to 2018, the growth of the vinegar market remained at a somewhat lower figure.

Production in the EU

In 2018, production of vinegar in the European Union stood at 1.2B litres, growing by 4.4% against the previous year. The total output volume increased at an average annual rate of +1.6% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years.

Exports in the EU

In 2018, vinegar exports in the European Union amounted to 409M litres, jumping by 3.7% against the previous year. The total exports indicated a pronounced increase from 2007 to 2018: its volume increased at an average annual rate of +3.4% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the vinegar exports increased by +31.7% against 2015 indices. In value terms, vinegar exports totaled $520M (IndexBox estimates) in 2018.

Exports by Country

In 2018, Italy (124M litres) was the key exporter for vinegar, achieving 30% of total exports. Germany (63M litres) took the second position in the ranking, followed by the Czech Republic (38M litres), Greece (36M litres), Spain (30M litres), the Netherlands (28M litres) and France (26M litres). All these countries together held approx. 54% 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 the Czech Republic, while the other leaders experienced more modest paces of growth.

In value terms, Italy ($303M) remains the largest vinegar supplier in the European Union, comprising 58% of total vinegar exports. The second position in the ranking was occupied by Spain ($45M), with a 8.7% share of total exports. It was followed by Germany, with a 7.1% share.

Export Prices by Country

In 2018, the vinegar export price in the European Union amounted to $1,273 per thousand litres, going up by 6.5% against the previous year. In general, the vinegar export price continues to indicate a relatively flat trend pattern. There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was Italy ($2,432 per thousand litres), while the Czech Republic ($325 per thousand litres) was amongst the lowest.

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

Imports in the EU

The imports stood at 306M litres in 2018, growing by 4% against the previous year. The total import volume increased at an average annual rate of +4.0% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. In value terms, vinegar imports totaled $349M (IndexBox estimates) in 2018.

Imports by Country

Germany (60M litres) and Italy (58M litres) represented roughly 39% of total imports of vinegar in 2018. The UK (32M litres) held a 10% share (based on tonnes) of total imports, which put it in second place, followed by France (8.6%), the Netherlands (6.5%) and Hungary (4.5%). The Czech Republic (12M litres), Austria (12M litres), Poland (10M litres), Sweden (9.1M litres), Spain (8.9M litres) and Belgium (7.9M litres) held a minor share of total imports.

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

In value terms, Germany ($86M), the UK ($53M) and France ($52M) were the countries with the highest levels of imports in 2018, with a combined 55% share of total imports. Italy, the Netherlands, Spain, Austria, Belgium, Sweden, the Czech Republic, Poland and Hungary lagged somewhat behind, together accounting for a further 35%.

Import Prices by Country

In 2018, the vinegar import price in the European Union amounted to $1,142 per thousand litres, jumping by 13% against the previous year. Over the period under review, the vinegar import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018, an increase of 13% y-o-y. Over the period under review, the import prices for vinegar attained their peak figure at $1,186 per thousand litres in 2009; however, from 2010 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was France ($1,956 per thousand litres), while Hungary ($331 per thousand litres) was amongst the lowest.

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

Source: IndexBox AI Platform