Global Plum and Sloe Market Reached $15.7B in 2018

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

The global plum and sloe market revenue amounted to $X in 2018, going up by X% 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 +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Global plum and sloe consumption peaked in 2018 and is expected to retain its growth in the near future.

Consumption By Country

China (X tons) constituted the country with the largest volume of plum and sloe consumption, accounting for X% of total consumption. Moreover, plum and sloe consumption in China exceeded the figures recorded by the world's second largest consumer, Romania (X tons), more than tenfold. The U.S. (X tons) ranked third in terms of total consumption with a X% share.

In China, plum and sloe consumption expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Romania (+X% per year) and the U.S. (+X% per year).

In value terms, China ($X) led the market, alone. The second position in the ranking was occupied by the U.S. ($X). It was followed by Iran.

The countries with the highest levels of plum and sloe per capita consumption in 2018 were Serbia (X kg per person), Romania (X kg per person) and Morocco (X kg per X persons).

From 2007 to 2018, the most notable rate of growth in terms of plum and sloe per capita consumption, amongst the main consuming countries, was attained by Morocco, while the other global leaders experienced more modest paces of growth.

Market Forecast 2019-2025

Driven by increasing demand for plum and sloe worldwide, 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 +X% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to X tons by the end of 2025.

Production 2007-2018

Global plum and sloe production amounted to X tons in 2018, going up by X% against the previous year. The total output volume increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The growth pace was the most rapid in 2009 when production volume increased by X% y-o-y. Global plum and sloe production peaked in 2018 and is expected to retain its growth in the near future. The general positive trend in terms of plum and sloe output was largely conditioned by a measured expansion of the harvested area and a slight increase in yield figures.

In value terms, plum and sloe production totaled $X in 2018 estimated in export prices. In general, the total output indicated a strong expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the plum and sloe production increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. In that year, global plum and sloe production reached its peak level and is likely to continue its growth in the immediate term.

Production By Country

China (X tons) constituted the country with the largest volume of plum and sloe production, comprising approx. X% of total production. Moreover, plum and sloe production in China exceeded the figures recorded by the world's second largest producer, Romania (X tons), more than tenfold. The U.S. (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in China stood at +X%. In the other countries, the average annual rates were as follows: Romania (+X% per year) and the U.S. (+X% per year).

Harvested Area 2007-2018

In 2018, approx. X ha of plums and sloes were harvested worldwide; increasing by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. In that year, the global plum and sloe harvested area reached its peak figure of X ha. From 2014 to 2018, the growth of the global plum and sloe harvested area remained at a somewhat lower figure.

Yield 2007-2018

Global average plum and sloe yield totaled X ton per ha in 2018, therefore, remained relatively stable against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2009 when Yield increased by X% year-to-year. Over the period under review, the average plum and sloe yield attained its maximum level in 2018 and is expected to retain its growth in the near future.

Exports 2007-2018

In 2018, the global exports of plums and sloes stood at X tons, leveling off at the previous year. The total export volume increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, global plum and sloe exports attained their maximum at X tons in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, plum and sloe exports totaled $X in 2018. The total export value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, global plum and sloe exports reached their peak figure at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, Chile (X tons), distantly followed by Spain (X tons), South Africa (X tons), Moldova (X tons), Italy (X tons), China, Hong Kong SAR (X tons), the U.S. (X tons) and Uzbekistan (X tons) represented the largest exporters of plums and sloes, together making up X% of total exports. Serbia (X tons), Turkey (X tons), France (X tons) and the Netherlands (X tons) occupied a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Moldova, while the other global leaders experienced more modest paces of growth.

In value terms, Chile ($X), Spain ($X) and South Africa ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of global exports. These countries were followed by China, Hong Kong SAR, the U.S., Italy, Moldova, the Netherlands, Uzbekistan, France, Turkey and Serbia, which together accounted for a further X%.

Moldova experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven year period, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average plum and sloe export price amounted to $X per ton, surging by X% against the previous year. In general, the plum and sloe export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% against the previous year. Over the period under review, the average export prices for plums and sloes attained their maximum at $X per ton in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per ton), while Moldova ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, approx. X tons of plums and sloes were imported worldwide; dropping by -X% against the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, global plum and sloe imports reached their peak figure at X tons in 2013; however, from 2014 to 2018, imports remained at a lower figure.

In value terms, plum and sloe imports totaled $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 when Imports increased by X% y-o-y. Over the period under review, global plum and sloe imports attained their maximum at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

China (X tons) and Russia (X tons) represented roughly X% of total imports of plums and sloes in 2018. It was distantly followed by the Netherlands (X tons), Germany (X tons) and the UK (X tons), together committing a X% share of total imports. The U.S. (X tons), Kazakhstan (X tons), Brazil (X tons), Canada (X tons), China, Hong Kong SAR (X tons), Egypt (X tons) and Saudi Arabia (X tons) occupied a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Kazakhstan (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported plums and sloes worldwide, comprising X% of global imports. The second position in the ranking was occupied by Russia ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

In China, plum and sloe imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Russia (+X% per year) and the Netherlands (-X% per year).

Import Prices by Country

In 2018, the average plum and sloe import price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the plum and sloe import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for plums and sloes reached their maximum at $X per ton in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced more modest paces of growth.

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Source: IndexBox Market Intelligence Platform