DUBLIN--(BUSINESS WIRE)--The "World - Plums And Sloes - Market Analysis, Forecast, Size, Trends and Insights" report has been added to ResearchAndMarkets.com's offering.
The global plum and sloe market revenue amounted to $15.7B in 2018, going up by 12% 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 +4.7% 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 13% 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 (7.1M tonnes) constituted the country with the largest volume of plum and sloe consumption, accounting for 59% of total consumption. Moreover, plum and sloe consumption in China exceeded the figures recorded by the world's second largest consumer, Romania (453K tonnes), more than tenfold. The U.S. (420K tonnes) ranked third in terms of total consumption with a 3.5% share.
In China, plum and sloe consumption expanded at an average annual rate of +3.6% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Romania (+1.8% per year) and the U.S. (+1.7% per year).
In value terms, China ($10B) led the market, alone. The second position in the ranking was occupied by the U.S. ($757M). It was followed by Iran.
The countries with the highest levels of plum and sloe per capita consumption in 2018 were Serbia (33 kg per person), Romania (23 kg per person) and Morocco (5,363 kg per 1000 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 +1.8% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 14M tonnes by the end of 2025.
Production 2007-2018
Global plum and sloe production amounted to 12M tonnes in 2018, going up by 2.9% against the previous year. The total output volume increased at an average annual rate of +2.3% 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 6.3% 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 $16.3B 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 +2.3% 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 +25.6% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of 16% 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 (7M tonnes) constituted the country with the largest volume of plum and sloe production, comprising approx. 58% of total production. Moreover, plum and sloe production in China exceeded the figures recorded by the world's second largest producer, Romania (441K tonnes), more than tenfold. The U.S. (430K tonnes) ranked third in terms of total production with a 3.5% share.
From 2007 to 2018, the average annual rate of growth in terms of volume in China stood at +3.5%. In the other countries, the average annual rates were as follows: Romania (+1.5% per year) and the U.S. (+1.6% per year).
Harvested Area 2007-2018
In 2018, approx. 2.7M ha of plums and sloes were harvested worldwide; increasing by 1.6% against the previous year. The harvested area increased at an average annual rate of +1.2% 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 4.8% year-to-year. In that year, the global plum and sloe harvested area reached its peak figure of 2.7M 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 4.6 tonne per ha in 2018, therefore, remained relatively stable against the previous year. The yield figure increased at an average annual rate of +1.1% 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 4.8% 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 615K tonnes, leveling off at the previous year. The total export volume increased at an average annual rate of +1.2% 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 12% against the previous year. Over the period under review, global plum and sloe exports attained their maximum at 689K tonnes in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.
In value terms, plum and sloe exports totaled $776M in 2018. The total export value increased at an average annual rate of +1.9% 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 16% against the previous year. Over the period under review, global plum and sloe exports reached their peak figure at $838M in 2013; however, from 2014 to 2018, exports remained at a lower figure.
Exports by Country
In 2018, Chile (121K tonnes), distantly followed by Spain (73K tonnes), South Africa (58K tonnes), Moldova (53K tonnes), Italy (45K tonnes), China, Hong Kong SAR (43K tonnes), the U.S. (33K tonnes) and Uzbekistan (28K tonnes) represented the largest exporters of plums and sloes, together making up 74% of total exports. Serbia (16K tonnes), Turkey (14K tonnes), France (13K tonnes) and the Netherlands (11K tonnes) 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 ($174M), Spain ($113M) and South Africa ($78M) appeared to be the countries with the highest levels of exports in 2018, with a combined 47% 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 39%.
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 $1,262 per tonne, surging by 3.7% 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 11% against the previous year. Over the period under review, the average export prices for plums and sloes attained their maximum at $1,317 per tonne 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 ($1,862 per tonne), while Moldova ($528 per tonne) 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.
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