World - Plums And Sloes - Market Analysis, Forecast, Size, Trends and Insights
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The article discusses the projected growth of the global plum and sloe market from 2022 to 2030, with an expected increase in both volume and value terms. It highlights key statistics such as consumption trends, production rates, export and import volumes, and average prices over the years. The data shows that China is the leading consumer and producer of plums and sloes, with significant growth rates in both consumption and production. The article also provides insights into the top exporting and importing countries, as well as the average prices for plum and sloe exports.
Market Forecast
Driven by increasing demand for plums and sloes worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.9% for the period from 2022 to 2030, which is projected to bring the market volume to 15M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market value to $21.3B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Plums And Sloes
In 2022, global consumption of plums and sloes amounted to 13M tons, approximately mirroring the previous year. The total consumption volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 8.3%. As a result, consumption attained the peak volume of 13M tons. From 2019 to 2022, the growth of the global consumption remained at a somewhat lower figure.
The global plum and sloe market revenue expanded to $16.1B in 2022, with an increase of 2.5% 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 +4.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the maximum level at $16.6B in 2015; however, from 2016 to 2022, consumption failed to regain momentum.
Consumption By Country
The country with the largest volume of plum and sloe consumption was China (6.8M tons), accounting for 54% of total volume. Moreover, plum and sloe consumption in China exceeded the figures recorded by the second-largest consumer, Romania (681K tons), tenfold. Serbia (464K tons) ranked third in terms of total consumption with a 3.7% share.
In China, plum and sloe consumption expanded at an average annual rate of +1.3% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: Romania (+4.8% per year) and Serbia (+5.4% per year).
In value terms, China ($10B) led the market, alone. The second position in the ranking was taken by Romania ($703M). It was followed by the United States.
In China, the plum and sloe market increased at an average annual rate of +6.5% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: Romania (+9.1% per year) and the United States (-1.8% per year).
The countries with the highest levels of plum and sloe per capita consumption in 2022 were Bosnia and Herzegovina (95 kg per person), Serbia (68 kg per person) and Romania (36 kg per person).
From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +12.2%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Plums And Sloes
For the third year in a row, the global market recorded growth in production of plums and sloes, which increased by 1.5% to 13M tons in 2022. The total output volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 8.8% against the previous year. As a result, production reached the peak volume of 13M tons. From 2019 to 2022, global production growth remained at a lower figure. The general positive trend in terms output was largely conditioned by a slight increase of the harvested area and a modest expansion in yield figures.
In value terms, plum and sloe production rose to $17.3B in 2022 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 31%. Global production peaked at $18.6B in 2015; however, from 2016 to 2022, production remained at a lower figure.
Production By Country
China (6.8M tons) remains the largest plum and sloe producing country worldwide, comprising approx. 53% of total volume. Moreover, plum and sloe production in China exceeded the figures recorded by the second-largest producer, Romania (666K tons), tenfold. The third position in this ranking was taken by Serbia (489K tons), with a 3.9% share.
From 2012 to 2022, the average annual growth rate of volume in China stood at +1.2%. The remaining producing countries recorded the following average annual rates of production growth: Romania (+4.6% per year) and Serbia (+5.1% per year).
Yield
The global average plum and sloe yield shrank modestly to 4.8 tons per ha in 2022, almost unchanged from 2021. The yield figure increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 6.9%. As a result, the yield attained the peak level of 4.9 tons per ha. From 2019 to 2022, the growth of the average plum and sloe yield remained at a lower figure.
Harvested Area
In 2022, the global plum and sloe harvested area expanded to 2.6M ha, surging by 1.5% against the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the harvested area increased by 3.5% against the previous year. The global harvested area peaked in 2022 and is expected to retain growth in the near future.
Imports
World Imports of Plums And Sloes
In 2022, overseas purchases of plums and sloes were finally on the rise to reach 756K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 14%. Over the period under review, global imports attained the peak figure at 790K tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, plum and sloe imports rose to $1.1B in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the immediate term.
Imports By Country
In 2022, China (104K tons), followed by Hong Kong SAR (60K tons), Russia (58K tons), the Netherlands (55K tons), Germany (49K tons), the UK (40K tons) and Brazil (34K tons) represented the largest importers of plums and sloes, together making up 53% of total imports. Kazakhstan (33K tons), the United States (22K tons), the United Arab Emirates (18K tons), Romania (17K tons), France (17K tons) and Poland (16K tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of +27.9%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, China ($270M) constitutes the largest market for imported plums and sloes worldwide, comprising 24% of global imports. The second position in the ranking was taken by Hong Kong SAR ($122M), with an 11% share of global imports. It was followed by the Netherlands, with a 7.7% share.
In China, plum and sloe imports expanded at an average annual rate of +13.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (+9.4% per year) and the Netherlands (+0.4% per year).
Import Prices By Country
In 2022, the average plum and sloe import price amounted to $1,503 per ton, approximately equating the previous year. Over the period under review, the import price recorded a modest expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 12%. Global import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($2,610 per ton), while Kazakhstan ($414 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.6%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Plums And Sloes
In 2022, the amount of plums and sloes exported worldwide was estimated at 825K tons, rising by 4% compared with the previous year. The total export volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 10% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, plum and sloe exports shrank slightly to $1B in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 12%. As a result, the exports attained the peak of $1.1B, and then reduced slightly in the following year.
Exports By Country
In 2022, Chile (158K tons), distantly followed by South Africa (97K tons), Spain (93K tons), Hong Kong SAR (54K tons), Italy (49K tons), Uzbekistan (48K tons), Turkey (47K tons), the Netherlands (44K tons) and China (39K tons) were the largest exporters of plums and sloes, together constituting 76% of total exports. Moldova (29K tons), Serbia (25K tons) and the United States (16K tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Hong Kong SAR (with a CAGR of +12.5%), while the other global leaders experienced more modest paces of growth.
In value terms, the largest plum and sloe supplying countries worldwide were Chile ($237M), Spain ($127M) and South Africa ($114M), together comprising 47% of global exports. Hong Kong SAR, the Netherlands, Italy, China, the United States, Turkey, Uzbekistan, Moldova and Serbia lagged somewhat behind, together comprising a further 41%.
In terms of the main exporting countries, China, with a CAGR of +16.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average plum and sloe export price stood at $1,238 per ton in 2022, falling by -7.7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 11% against the previous year. The global export price peaked at $1,340 per ton in 2021, and then fell in the following year.
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 the United States ($2,949 per ton), while Uzbekistan ($484 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global plum and sloe market. 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.
Product coverage:
- FCL 536 - Plums
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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In 2019, the global plum and sloe market was finally on the rise to reach $14B for the first time since 2014, thus...
The global plum and sloe market revenue amounted to $15.7B in 2018, going up by 12% against the previous year. This...
Global plum and sloe consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
Global plum and sloe exports amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
Global plum and sloe imports amounted to X thousand tons in 2015, standing approx. at the previous year level.
In 2015, the country with the largest volume of the plum and sloe output was China (X thousand tons), accounting for X% of global production.
Spain continues to lead the way in the global plum and sloe trade. In 2014, Spain exported X thousand tons of plums and sloes totaling X million USD, X% over the previous year. Its primary trading partner was Brazil, where it supplied X% of its
Spain and Italy remain the leading apricot suppliers worldwide, strongly increasing their exports during the past decade.
The global apricot market revenue amounted to $5.9B in 2018, surging by 2.8% against the previous year. This figure...
France continued its dominance in the global apricot trade. In 2014, France exported X thousand tons of apricot totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of its total apricot