Agriculture

In 2016, the meat and poultry market in Gabon amounted to 124 thousand tonnes. The was an upward consumption trend from 2009 to 2015, however, it dropped by 16% in 2016. 

From 2007 to 2016, global palm kernel consumption displayed a mixed dynamic. As of the end of 2016, the global palm kernel market stood at 9,521 thousand tonnes or 1,067 million USD. 

From 2007 to 2016, the global bovine hide market grew steadily to 8.8M tonnes in 2016. In value terms, the market stood at $18.1B. After a noticable decline of market value in 2009, there was a recovery and a period of further growth, peaking at $24.8B in 2014, then, the market assumed a downward trend.

In wholesale prices, the Bangladesh rice market earned total revenues of $8.5B in 2016, which was significantly lower than the highest level of consumption achieved in 2014. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

In 2016, the meat and poultry market in West Africa grew to 6.5M tonnes. In value terms, it stood at $16.1B, which was at the level of the previous year. Market size upturned from 2007 to 2014, with mild fluctuations, followed by an abrupt decline in 2015 and stabilisation in 2016.

In 2016, the global snail market amounted to 43K tonnes, which equated approx. $154M in terms of wholesale prices. From 2007 to 2016, the global snail market was gradually growing; however, with some noticeable fluctuations in certain years. A significant drop in 2010 (-13% Y-o-Y) was followed by a robust increase through to 2014. Afterwards, however, it plunged again and then bounced back in 2016. 

The cottonseed market in Argentina is characterized by strong fluctuations in consumption volumes, which are due to the unstable supply of the product. With cotton seeds are usually being the by-product of the production of cotton fibre, the volume of supply fluctuates under the influence of an unstable level of cotton yields due to dry seasons and reduction in cotton acreage.

China’s strawberry market attained a figure of 3.8M tonnes, 314K tonnes (or +9%) more than in 2015. Nevertheless, in value terms, in 2016, the Chinese market showed growth due to a record price jump, which resulted in market growth to $5.6B in 2016. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

In 2016, the banana market of Central and South America stood at 14.1M tonnes. Despite some fluctuations in certain years, there was overall stable trend pattern of banana consumption from 2010 to 2016. Previously, consumption increased with a double-digit growth rate. In wholesale prices, the market contracted to $6.0B in 2016, demonstrating a downward trend from 2010. 

Pepper market in Brazil stood at $98M in 2016 in producer prices, a growth of 47% from the prevous year. However, from 2008 to 2015, the market showed a pronounced decline. In physical terms, market volume increased rapidly over the last two years and amounted to 24K tonnes in 2016, after a period of a sharp fall from 2007-2014. 

In wholesale prices, the Colombian cattle meat market accounted for $2.0B in 2016, which approx. reflected the level of the previous year. It reduced sharply from 2012 to 2015, due to a decline in producer prices, following a period of steady growth over the previous three years.

In 2016, the nutmeg, mace and cardamom market peaked at 113K tonnes. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +5.1%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and cardamom market continued to experience minor fluctuations over the next two year period; from 2013 to 2016, consumption saw strong growth against increased levels of consumption in India and several other Asian countries. 

In 2017, the U.S. tomato market accounted to $12.8B in wholesale prices, which was $2.2B (or 15%) less than the year before and $5.4B (or 30%) less than its highest level observed in 2015. Over the period under review, the U.S. tomato market illustrated a mixed trend pattern with a noticable decline over the last two years. 

From 2007 to 2016, the value of the global almond market showed a stable dynamic trend. However, in 2016, the value of the the global almond market dropped to 9.0 billion USD. One of the main reasons for this can be explained by the favourable weather conditions prevalent in the USA, enabling almond production to increase significantly. In turn, this recent surge in supplies has had an impact on the movement of almond prices on the global market. 

In 2016, the apple market grew to 89.3M tonnes, which was by 2.5M tonnes (or 3%) more than the year before. Overall, there was an upward trend of apple consumption; the average annual growth rate was at +3.5% per year, over the last nine years. In wholesale prices, the market roller-coasted due to producer prices fluctuations, finally totalling $52.9B in 2016.

As garlic remains a key staple food in the Chinese diet, the volume of consumption remained relatively stable, with only mild fluctuations from 2007 to 2014. However, in 2015, the consumption of garlic in China fell by 15% due to decreased harvest as a result of a cold winter. In 2016, Chinese garlic consumption stayed at the same level of 2015, amounting to 15.7M. Nevertheless, in value terms, in 2016, the Chinese market showed growth due to a record price jump, which resulted in market growth to $7.4B in 2016.

From 2007 to 2016, the global sesame seed market showed an upward trend, reaching 8.0M tonnes in 2016. Over the last nine years, the sesame seed market expanded with a CAGR of +7.5%. The increased global consumption of sesame seeds is mainly due to the heightened demand for the product from the growing Asian and African populations. 

The global lemon market totaled $13.9B in 2016, which was 19% more than the year before. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).