Agriculture

In 2016, the vanilla market dropped to 7.1K tonnes, caused by the reduction of global vanilla production due to harvest cuts in Madagascar and Indonesia. At the same time, demand for vanilla continues to grow against the backdrop of growing demand from the food, flavours and cosmetic industries.

In 2016, the global pineapple market grew to $14.9B in wholesale prices. 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). There was a slight decline of market value by 5% in 2009, which was followed by a robust growth through 2016.

The global garlic consumption stood at $18.1B in 2016, which was +8% 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). 

In 2016, the meat and poultry market reached to 149M tonnes, growing consistently by +3.0% per year, over the last nine years. Over this period, the market expanded by 31%. In value terms, market stood at $374B in wholesale prices. There was a notable growth from 2007 to 2013, levelling off over the next three years. 

In 2016, the avocados market increased to 5,788K tonnes, expanding at +5.6% per year from 2007 to 2016. Over the last six years, market displayed a consistent growth; it accelerated sharply from 2011-2016 after a period of relatively flat trend pattern with mild fluctuations from 2007 to 2010.

The global banana consumption stood at $52.4B in 2016, which was 15% 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). 

Fonio is consumed mainly in the West African countries, where it is also cultivated. The global fonio market showed steady growth, rising from 373K tonnes in 2007, to 673K tonnes in 2016. Annual rates of growth stood at +6.8% in physical terms.

From 2008 to 2016, the U.S. poultry market showed an upward trend, amounting to $60.6B in 2016. From 2008 to 2016, the market expanded with an annual average growth rate of+3.2%. In physical terms, the market reached 18.2M tonnes.  

The global cherry market increased gradually from 3,206 thousand tonnes in 2007 to 4,101 thousand tonnes in 2016, with only mild fluctuations over the period under review. Overall, it expanded at an average annual rate of +2.8 from 2007 to 2016. In value terms, global cherry market reached 5,979 million USD, fluctuating somewhat notably over the last five years due to variation in prices.

Global rice consumption amounted to 518M tonnes in 2016 (in terms of milled rice weight), posting modest but robust gains from 2007-2016. The total consumption volume increased at an average annual rate of +1.4%. Over the period under review, the global rice consumption reached its maximum volume in 2016, and is likely to continue its growth in the immediate term due to Asian population growth.

Global beef market remained relatively stable, rising from 61.8M tonnes in 2007, to 63.5M tonnes in 2016.

The U.S. was the key world maize producing country with an output of about 402M tonnes in 2016, which accounted for 36% of total global output. The other major producers were China (21%), Brazil (9%) and Ukraine (3%).

Global wheat consumption amounted to 729,530 thousand tonnes in 2015, remaining constant against the previous year level.

Global walnut consumption amounted to 3,772 thousand tonnes in 2015, coming up by +8.9% against the previous year level.

Global tomato consumption amounted to 172,059 thousand tonnes in 2015, coming up by +1.1% against the previous year level.

Global sweet potato consumption amounted to 105,578 thousand tonnes in 2015, waning by -1.0% against the previous year level.

Global sugar beet consumption amounted to 279,592 thousand tonnes in 2015, coming up by +3.7% against the previous year level.

Global soya bean consumption amounted to 306,067 thousand tonnes in 2015, stabilizing at the previous year level.