World - Persimmons - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
The Global Persimmon Market Slipped Back Slightly to $7.1B
IndexBox has just published a new report: 'World - Persimmons - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
The global persimmon market dropped slightly to $7.1B in 2019, reducing by -1.5% 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). The market value increased at an average annual rate of +1.6% from 2014 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years.
Consumption By Country
China (3.2M tonnes) remains the largest persimmon consuming country worldwide, comprising approx. 63% of total volume. Moreover, persimmon consumption in China exceeded the figures recorded by the second-largest consumer, Spain (381K tonnes), eightfold. South Korea (337K tonnes) ranked third in terms of total consumption with a 6.8% share.
In China, persimmon consumption increased at an average annual rate of +1.6% over the period from 2014-2019. In the other countries, the average annual rates were as follows: Spain (+34.1% per year) and South Korea (-4.3% per year).
In value terms, China ($4B) led the market, alone. The second position in the ranking was occupied by Japan ($1B). It was followed by South Korea.
The countries with the highest levels of persimmon per capita consumption in 2019 were Spain (8.12 kg per person), South Korea (6.56 kg per person) and Taiwan (Chinese) (3.86 kg per person).
From 2014 to 2019, the biggest increases were in Spain, while persimmon per capita consumption for the other global leaders experienced more modest paces of growth.
In 2019, the amount of persimmons produced worldwide expanded to 4.9M tonnes, picking up by 3.5% against 2018 figures. The total output volume increased at an average annual rate of +1.9% from 2014 to 2019; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The general positive trend in terms output was largely conditioned by a mild expansion of the harvested area and a slight increase in yield figures.
Production By Country
China (3.2M tonnes) constituted the country with the largest volume of persimmon production, accounting for 64% of total volume. Moreover, persimmon production in China exceeded the figures recorded by the second-largest producer, Spain (590K tonnes), fivefold. The third position in this ranking was occupied by South Korea (343K tonnes), with a 6.9% share.
From 2014 to 2019, the average annual growth rate of volume in China amounted to +1.3%. The remaining producing countries recorded the following average annual rates of production growth: Spain (+19.2% per year) and South Korea (-4.4% per year).
Harvested Area and Yield
In 2019, approx. 977K ha of persimmons were harvested worldwide; surging by 2.7% against 2018. In general, the harvested area continues to indicate a relatively flat trend pattern.
In 2019, the global average persimmon yield stood at 5.1 tonnes per ha, leveling off at 2018. The yield figure increased at an average annual rate of +1.2% over the period from 2014 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period.
Global persimmon exports rose sharply to 511K tonnes in 2019, with an increase of 10% against the year before. The total export volume increased at an average annual rate of +5.8% from 2014 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. In value terms, persimmon exports totaled $469M (IndexBox estimates) in 2019.
Exports by Country
In 2019, Spain (210K tonnes) and Azerbaijan (146K tonnes) were the major exporters of persimmons across the globe, together constituting 70% of total exports. It was distantly followed by Uzbekistan (47K tonnes), generating a 9.3% share of total exports. Lithuania (17K tonnes), Poland (13K tonnes), Belarus (11K tonnes) and Georgia (8K tonnes) followed a long way behind the leaders.
From 2014 to 2019, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Uzbekistan, while exports for the other global leaders experienced more modest paces of growth.
In value terms, Spain ($218M) remains the largest persimmon supplier worldwide, comprising 46% of global exports. The second position in the ranking was occupied by Azerbaijan ($105M), with a 22% share of global exports. It was followed by Uzbekistan, with a 7% share.
From 2014 to 2019, the average annual growth rate of value in Spain stood at +1.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Azerbaijan (+10.8% per year) and Uzbekistan (+14.4% per year).
Export Prices by Country
The average persimmon export price stood at $918 per tonne in 2019, reducing by -8% against the previous year. In general, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 4.4% y-o-y. Global export price peaked at $1,253 per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin; the country with the highest price was Spain ($1,035 per tonne), while Belarus ($210 per tonne) was amongst the lowest.
From 2014 to 2019, the most notable rate of growth in terms of prices was attained by Georgia, while the other global leaders experienced a decline in the export price figures.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global persimmon 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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