Global Berry Trade Intensifies Driven by Rasing Demand for Blueberry and Raspberry

IndexBox has just published a new report: 'World - Berry - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The global berry imports rose by +2.6% y-o-y to 2.9M tons, reaching $14.8B in 2020. Global imports of blueberries, cranberries, raspberries and blackberries have been rising steadily over the last decade. The U.S., Germany, China, Canada, Hong Kong SAR, the UK and the Netherlands remain the largest markets for imported berries. Spain emerged as the fastest-growing berry importer worldwide. Spain, Chile, the U.S. and Mexico constitute the largest berry exporters in the world.

Global Berry Imports by Country

For the seventh year in a row, global berry imports increased by +2.6% to 2.9M tons in 2020. It indicated a strong increase from 2012 to 2020: the volume increased at an average annual rate of +5.4% over the last eight years. In value terms, berry imports rose significantly to $14.8B (IndexBox estimates) in 2020.

In 2020, the U.S. (689K tons), distantly followed by Germany (309K tons), China (236K tons), Canada (225K tons), Hong Kong SAR (172K tons), the UK (164K tons) and the Netherlands (153K tons) were the major importers of berries, together constituting 67% of total imports. Russia (119K tons), France (96K tons), Spain (91K tons), Italy (70K tons) and Austria (55K tons) followed a long way behind the leaders.

In 2020, the most prominent spike in the volume of purchases from abroad was recorded in Spain (+16.3% y-o-y). Spain emerged as the fastest-growing importer in the world, with a CAGR of +20.8% from 2012-2020.

In value terms, the U.S. ($3.8B) constitutes the largest market for imported berries worldwide, comprising 26% of global imports. The second position in the ranking was occupied by China ($1.8B), with a 12% share of global imports. It was followed by Germany, with an 8.9% share.

In 2020, the average berry import price amounted to $5,129 per ton, growing by +5.8% against the previous year. Last year, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Global Berry Imports by Type

The imports of the three major types of berries, namely strawberries, cherries and blueberries and cranberries, represented more than two-thirds of total import. It was distantly followed by raspberries and blackberries (467K tons), which make up a further 16% share of total imports.

In value terms, the largest types of imported berries were blueberries and cranberries ($4.3B), cherries ($3.9B) and raspberries and blackberries ($3.4B), with a combined 78% share of global imports. Strawberries in tandem with currants and gooseberries lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2020, the most notable rate of growth regarding the volume of purchases, amongst the leading imported products, was attained by blueberry and cranberry (+11.9%). Raspberry and blackberry followed these products with a CAGR of +11.5% from 2012-2020.

Largest Berry Suppliers Worldwide

Spain (437K tons), Chile (381K tons), the U.S. (299K tons) and Mexico (280K tons) represented roughly 50% of total exports of berries in 2020. It was distantly followed by Hong Kong SAR (181K tons), the Netherlands (152K tons) and Peru (151K tons), together comprising a 17% share of total exports. Turkey (115K tons), Morocco (99K tons), Canada (90K tons), Greece (64K tons), Belgium (49K tons) and Poland (45K tons) held a minor share of total exports.

In value terms, Chile ($2.4B), Spain ($1.7B) and the U.S. ($1.6B) appeared to be the countries with the highest levels of exports in 2020, with a combined 43% share of global exports. Mexico, the Netherlands, Peru, Hong Kong SAR, Morocco, Belgium, Turkey, Canada, Poland and Greece lagged somewhat behind, together accounting for a further 44%.

Source: IndexBox Market Intelligence Platform