Carob Market

Carob market: download newly released data powered by an Ai-driven business intelligence tool. Statistics provide imports, trade, consumption, companies, production, exports, market size, and market prices. Here is a breakdown by country, including Latin America, the U.S., China, Russia, Africa, EU, the U.K., and the Middle East. Market insights and outlook to 2030 are also featured in the reports.


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Carob - World's Largest Markets

RatingCountry
1Italy
2Switzerland
3Morocco
4Turkey
5Vietnam

In value terms, Italy, Switzerland and Morocco were the countries with the highest levels of market value in 2021, together accounting for 50% of the global market.

Switzerland saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while carob market for the other global leaders experienced more modest paces of growth.

Carob Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Guatemala22312236261-65.8%
Portugal3022773030.2%
Spain27542039019.1%
Cyprus680622648-2.4%
Italy8471139796-3.1%
Algeria154310701172-12.8%
Morocco11462296160918.5%
Average689800666-1.7%

Prices varied noticeably by the country of origin; the country with the highest price was Morocco ($1,609 per ton), while Guatemala ($261 per ton) was amongst the lowest.

From 2019 to 2021, 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.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Switzerland34934945816452.9%
Germany41867979437.8%
United States6625917869.0%
Russia6887407162.0%
Spain783255558-15.6%
Egypt700730542-12.0%
Netherlands601497529-6.2%
Myanmar491482486-0.5%
Vietnam510433468-4.2%
Italy4851267449-3.8%
Belgium3713983882.3%
Thailand390372382-1.0%
France369326283-12.4%
Average832830123922.1%

Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($8,164 per ton), while France ($283 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+52.9% per year), while the other global leaders experienced more modest paces of growth.

Carob - Top Importers

COUNTRY201920202021CAGR,
2019-2021
million USD
Switzerland13193055.4%
Vietnam4.954.90.4%
Netherlands1.11.31.827.8%
Spain1.92.51.7-5.0%
Italy1.83.51.7-5.2%

In value terms, Switzerland ($30M) constitutes the largest market for imported carob worldwide, comprising 57% of global imports. The second position in the ranking was occupied by Vietnam ($4.9M), with a 9.2% share of global imports. It was followed by the Netherlands, with a 3.4% share.

In Switzerland, carob imports increased at an average annual rate of +55.4% over the period from 2019-2021. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+0.4% per year) and the Netherlands (+27.8% per year).

Carob - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
million USD
Morocco1014128.4%
Spain4.46.38.337.8%
Algeria25.13.532.9%
Portugal1.13.13.270.0%
Cyprus2.122.1-0.7%

In value terms, Morocco ($12M), Spain ($8.3M) and Algeria ($3.5M) constituted the countries with the highest levels of exports in 2021, with a combined 64% share of global exports. Portugal, Cyprus, Italy and Guatemala lagged somewhat behind, together accounting for a further 20%.

In terms of the main exporting countries, Portugal (+70.0% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Carob - Market Forecast

Driven by increasing demand for carob worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Carob - Product Coverage

  • HS 121292 - Locust beans "e;carob"e;, fresh, chilled, frozen or dried, whether or not ground
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Event
World - Carob - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global carob market.

South-Eastern Asia - Carob - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the carob market in South-Eastern Asia.

Australia and Oceania - Carob - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the carob market in Australia and Oceania.

Africa - Carob - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the carob market in Africa.

Latin America and the Caribbean - Carob - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the carob market in Latin America and the Caribbean.

Central Asia - Carob - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the carob market in Central Asia.

Middle East - Carob - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the carob market in the Middle East.

Northern America - Carob - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the carob market in Northern America.

Eastern Asia - Carob - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the carob market in Eastern Asia.

Southern Asia - Carob - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the carob market in Southern Asia.

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