EU: Carob Market 2024

Carob Market Size in the EU

The EU carob market surged to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Carob Production in the EU

In value terms, carob production reduced modestly to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Portugal (X tons), Italy (X tons) and Spain (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average carob yield in the European Union stood at X tons per ha, remaining constant against the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the carob yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of carob were harvested in the European Union; remaining relatively unchanged against the previous year's figure. Over the period under review, the harvested area saw a mild shrinkage. The pace of growth appeared the most rapid in 2015 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Carob Exports

Exports in the EU

Carob exports was estimated at X tons in 2022, growing by X% on the year before. Total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, carob exports reached $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Spain was the main exporter of carob in the European Union, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Portugal (X tons), creating a X% share of total exports. Italy (X tons), Cyprus (X tons) and the Netherlands (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Spain ($X) remains the largest carob supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Portugal ($X), with a X% share of total exports. It was followed by Cyprus, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Spain totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Portugal (X% per year) and Cyprus (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cyprus (X%), while the other leaders experienced more modest paces of growth.

Carob Imports

Imports in the EU

In 2022, the amount of carob imported in the European Union surged to X tons, picking up by X% compared with the previous year. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, carob imports surged to $X in 2022. Overall, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy was the largest importer of carob in the European Union, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Spain (X tons) ranks second in terms of the total imports with a X% share, followed by the Netherlands (X%), France (X%), Belgium (X%) and Germany (X%). Cyprus (X tons) followed a long way behind the leaders.

Imports into Italy increased at an average annual rate of X% from 2012 to 2022. At the same time, Cyprus (X%), Spain (X%), France (X%), Germany (X%), the Netherlands (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Cyprus emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Italy and Cyprus increased by X and X percentage points, respectively.

In value terms, Italy ($X), Spain ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Germany, France, Belgium and Cyprus lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Cyprus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, falling by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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