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World - Carob - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jan 28, 2020

Portugal and Italy Remain the Largest Carob Markets Worldwide

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

The global carob market revenue amounted to $111M in 2018. 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, carob consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global carob market reached its maximum level at $116M in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.

Consumption By Country

The countries with the highest volumes of carob consumption in 2018 were Portugal (38K tonnes), Italy (34K tonnes) and Turkey (14K tonnes), with a combined 60% share of global consumption.

From 2012 to 2018, the most notable rate of growth in terms of carob consumption, amongst the main consuming countries, was attained by Portugal, while carob consumption for the other global leaders experienced more modest paces of growth.

In value terms, Italy ($34M) led the market, alone. The second position in the ranking was occupied by Spain ($14M). It was followed by Portugal.

The countries with the highest levels of carob per capita consumption in 2018 were Portugal (3,679 kg per 1000 persons), Cyprus (2,688 kg per 1000 persons) and Greece (1,121 kg per 1000 persons).

Market Forecast 2019-2025

Driven by increasing demand for carob, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.8% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 152K tonnes by the end of 2025.

Production 2007-2018

In 2018, the global carob production stood at 165K tonnes, increasing by 1.8% against the previous year. The total output volume increased at an average annual rate of +1.7% over the period from 2012 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. In 2014, global carob production attained its peak volume of 191K tonnes, thanks to the high yields in Portugal, which remains major carob producer. From 2015 to 2018, global carob production growth, however, remained at a somewhat lower figure. The general positive trend in terms of carob output was largely conditioned by a modest expansion of the harvested area and a temperate increase in yield figures.

Production By Country

The countries with the highest volumes of carob production in 2018 were Portugal (43K tonnes), Italy (29K tonnes) and Spain (23K tonnes), together accounting for 58% of global production. Morocco, Turkey, Greece and Algeria lagged somewhat behind, together accounting for a further 35%.

Harvested Area 2007-2018

In 2018, approx. 42K ha of carob were harvested worldwide; therefore, remained relatively stable against the previous year. In general, the carob harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 1.6% against the previous year. The global carob harvested area peaked at 43K ha in 2012; however, from 2013 to 2018, harvested area stood at a somewhat lower figure.

Yield 2007-2018

In 2018, the global average carob yield stood at 4 tonne per ha, jumping by 1.5% against the previous year. The yield figure increased at an average annual rate of +2.1% over the period from 2012 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. 

Exports 2007-2018

In 2018, the amount of carob exported worldwide totaled 56K tonnes, picking up by 11% against the previous year. The total export volume increased at an average annual rate of +5.9% from 2012 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The global exports peaked in 2018 and are expected to retain its growth in the near future. In value terms, carob exports amounted to $27M (IndexBox estimates) in 2018. 

Exports by Country

In 2018, Morocco (20K tonnes) and Spain (15K tonnes) represented the main exporters of carob in the world, together amounting to near 63% of total exports. It was distantly followed by Algeria (7,538 tonnes) and Portugal (5,452 tonnes), together comprising a 23% share of total exports. Cyprus (2,348 tonnes), Turkey (1,487 tonnes) and Italy (1,121 tonnes) followed a long way behind the leaders.

From 2012 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Morocco, while exports for the other global leaders experienced more modest paces of growth.

In value terms, Morocco ($6.7M), Spain ($6.2M) and Algeria ($4.4M) appeared to be the countries with the highest levels of exports in 2018, together accounting for 65% of global exports.

Export Prices by Country

In 2018, the average carob export price amounted to $474 per tonne, waning by -3.6% against the previous year. In general, the carob export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices for carob attained their maximum at $572 per tonne in 2016; however, from 2017 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($1,126 per tonne), while Morocco ($332 per tonne) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, the amount of carob imported worldwide totaled 34K tonnes, picking up by 3.4% against the previous year. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. In value terms, carob imports amounted to $29M (IndexBox estimates) in 2018. 

Imports by Country

In 2018, Italy (6.5K tonnes), distantly followed by Switzerland (3,758 tonnes), Thailand (3,343 tonnes), Egypt (2,530 tonnes), Belgium (2,349 tonnes), Spain (2,018 tonnes), France (1,909 tonnes), the U.S. (1,837 tonnes), the Czech Republic (1,608 tonnes) and Germany (1,556 tonnes) were the main importers of carob, together comprising 80% of total imports.

From 2012 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the U.S., while imports for the other global leaders experienced more modest paces of growth.

In value terms, Switzerland ($9.9M) constitutes the largest market for imported carob worldwide, comprising 34% of global imports. The second position in the ranking was occupied by Spain ($3.9M), with a 14% share of global imports. It was followed by Italy, with a 9.7% share.

Import Prices by Country

The average carob import price stood at $844 per tonne in 2018, going up by 15% against the previous year. Over the period from 2012 to 2018, it increased at an average annual rate of +2.7%.  The global import price peaked in 2018 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Switzerland ($2,644 per tonne), while France ($357 per tonne) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 461 - Carobs

This report provides an in-depth analysis of the global carob market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Harvested Area, By Country, 2007-2019
Table 7:
Yield, By Country, 2007-2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Area Harvested, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Harvested Area, By Country, 2019
Figure 24:
Harvested Area, By Country, 2007-2019
Figure 25:
Yield, By Country, 2007-2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

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