Germany - Vinegar - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
Germany's Vinegar Market to Continue Moderate But Robust Growth
IndexBox has just published a new report: 'Germany - Vinegar - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.
The revenue of the vinegar market in Germany amounted to $137M in 2018, remaining relatively unchanged 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). Over the period under review, the market revenue continues to indicate a slight decline. However, the volume of consumption in physical terms continues to increase robustly. The volume of the vinegar market in Germany amounted to 232M liters in 2018, rising by +5.6% against the previous year.
Market Forecast 2019-2025 in Germany
Driven by increasing demand for vinegar in Germany, the market is expected to continue an upward consumption trend in the medium term. The market volume is forecast to continue moderate growth, expanding with an anticipated CAGR of +0.9% for the period from 2018 to 2025, which is projected to bring the market volume to 247M liters by the end of 2025.
Production in Germany
Vinegar production in Germany totaled 211M litres in 2018, rising by 5.4% against the previous year. The total output volume increased at an average annual rate of +2.1% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2009 with an increase of 9% y-o-y. Over the period under review, vinegar production attained its maximum volume in 2018 and is likely to continue its growth in the immediate term.
Imports into Germany
In 2018, the amount of vinegar imported into Germany stood at 60M litres, growing by 4.9% against the previous year. In value terms, vinegar imports amounted to $86M (IndexBox estimates) in 2018. Overall, the total imports indicated a prominent increase from 2007 to 2018: its volume increased at an average annual rate of +4.9% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, vinegar imports increased by +43.9% against 2015 indices. Thus, vinegar imports attained their maximum in 2018 and are expected to retain its growth in the near future.
Imports by Country
In 2018, Italy (38M litres) constituted the largest vinegar supplier to Germany, with a 63% share of total imports. Moreover, vinegar imports from Italy exceeded the figures recorded by the second-largest supplier, Austria (6.8M litres), sixfold. Greece (3.6M litres) ranked third in terms of total imports with a 6% share.
From 2007 to 2018, the average annual growth rate of volume from Italy amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+15.2% per year) and Greece (+13.1% per year).
In value terms, Italy ($65M) also constituted the largest supplier of vinegar to Germany, comprising 76% of total vinegar imports. The second position in the ranking was occupied by Austria ($7.4M), with a 8.6% share of total imports. It was followed by the Netherlands, with a 2.8% share.
Import Prices by Country
The average vinegar import price stood at $1.4 per litre in 2018, surging by 7.9% against the previous year. In general, the vinegar import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when the average import price increased by 14% against the previous year. The import price peaked at $1.8 per litre in 2012; however, from 2013 to 2018, import prices remained at a lower figure.
Prices varied noticeably by the country of origin; the country with the highest price was Italy ($1.7 per litre), while the price for Greece ($0.4 per litre) was amongst the lowest.
From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the vinegar market in Germany. 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 2030.
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 Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Webinar: Global Pineapple Market - Statistics, Trends, and Outlook
Join our live webinar to get insights into the global pineapple market.
Wednesday, August 19th, 2020 @ 10:00 am ET
Webinar: Global Strawberry Market - Statistics, Trends, and Outlook
Join our live webinar to get insights into the global strawberry market.
Thursday, August 20th, 2020 @ 10:00 am ET
Webinar: Global Chicken Meat Market - Statistics, Trends, and Outlook
Join our live webinar to get insights into the global chicken meat market.
Saturday, August 22nd, 2020 @ 10:00 am ET