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World - Carob - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

World - Carob - Market Analysis, Forecast, Size, Trends and Insights

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Jan 28, 2020

Portugal and Italy Remain the Largest Carob Markets Worldwide

IndexBox has just published a new report: 'World - Carob - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The global carob market revenue amounted to $111M in 2018. 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). Overall, carob consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global carob market reached its maximum level at $116M in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.

Consumption By Country

The countries with the highest volumes of carob consumption in 2018 were Portugal (38K tons), Italy (34K tons) and Turkey (14K tons), with a combined 60% share of global consumption.

From 2012 to 2018, the most notable rate of growth in terms of carob consumption, amongst the main consuming countries, was attained by Portugal, while carob consumption for the other global leaders experienced more modest paces of growth.

In value terms, Italy ($34M) led the market, alone. The second position in the ranking was occupied by Spain ($14M). It was followed by Portugal.

The countries with the highest levels of carob per capita consumption in 2018 were Portugal (3,679 kg per 1000 persons), Cyprus (2,688 kg per 1000 persons) and Greece (1,121 kg per 1000 persons).

Market Forecast 2019-2025

Driven by increasing demand for carob, 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 +0.8% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 152K tons by the end of 2025.

Production 2007-2018

In 2018, the global carob production stood at 165K tons, increasing by 1.8% against the previous year. The total output volume increased at an average annual rate of +1.7% over the period from 2012 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. In 2014, global carob production attained its peak volume of 191K tons, thanks to the high yields in Portugal, which remains major carob producer. From 2015 to 2018, global carob production growth, however, remained at a somewhat lower figure. The general positive trend in terms of carob output was largely conditioned by a modest expansion of the harvested area and a temperate increase in yield figures.

Production By Country

The countries with the highest volumes of carob production in 2018 were Portugal (43K tons), Italy (29K tons) and Spain (23K tons), together accounting for 58% of global production. Morocco, Turkey, Greece and Algeria lagged somewhat behind, together accounting for a further 35%.

Harvested Area 2007-2018

In 2018, approx. 42K ha of carob were harvested worldwide; therefore, remained relatively stable against the previous year. In general, the carob harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 1.6% against the previous year. The global carob harvested area peaked at 43K ha in 2012; however, from 2013 to 2018, harvested area stood at a somewhat lower figure.

Yield 2007-2018

In 2018, the global average carob yield stood at 4 ton per ha, jumping by 1.5% against the previous year. The yield figure increased at an average annual rate of +2.1% over the period from 2012 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years.

Exports 2007-2018

In 2018, the amount of carob exported worldwide totaled 56K tons, picking up by 11% against the previous year. The total export volume increased at an average annual rate of +5.9% from 2012 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The global exports peaked in 2018 and are expected to retain its growth in the near future. In value terms, carob exports amounted to $27M (IndexBox estimates) in 2018.

Exports by Country

In 2018, Morocco (20K tons) and Spain (15K tons) represented the main exporters of carob in the world, together amounting to near 63% of total exports. It was distantly followed by Algeria (7,538 tons) and Portugal (5,452 tons), together comprising a 23% share of total exports. Cyprus (2,348 tons), Turkey (1,487 tons) and Italy (1,121 tons) followed a long way behind the leaders.

From 2012 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Morocco, while exports for the other global leaders experienced more modest paces of growth.

In value terms, Morocco ($6.7M), Spain ($6.2M) and Algeria ($4.4M) appeared to be the countries with the highest levels of exports in 2018, together accounting for 65% of global exports.

Export Prices by Country

In 2018, the average carob export price amounted to $474 per ton, waning by -3.6% against the previous year. In general, the carob export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices for carob attained their maximum at $572 per ton in 2016; however, from 2017 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($1,126 per ton), while Morocco ($332 per ton) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, the amount of carob imported worldwide totaled 34K tons, picking up by 3.4% against the previous year. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. In value terms, carob imports amounted to $29M (IndexBox estimates) in 2018.

Imports by Country

In 2018, Italy (6.5K tons), distantly followed by Switzerland (3,758 tons), Thailand (3,343 tons), Egypt (2,530 tons), Belgium (2,349 tons), Spain (2,018 tons), France (1,909 tons), the U.S. (1,837 tons), the Czech Republic (1,608 tons) and Germany (1,556 tons) were the main importers of carob, together comprising 80% of total imports.

From 2012 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the U.S., while imports for the other global leaders experienced more modest paces of growth.

In value terms, Switzerland ($9.9M) constitutes the largest market for imported carob worldwide, comprising 34% of global imports. The second position in the ranking was occupied by Spain ($3.9M), with a 14% share of global imports. It was followed by Italy, with a 9.7% share.

Import Prices by Country

The average carob import price stood at $844 per ton in 2018, going up by 15% against the previous year. Over the period from 2012 to 2018, it increased at an average annual rate of +2.7%. The global import price peaked in 2018 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Switzerland ($2,644 per ton), while France ($357 per ton) was amongst the lowest.

From 2012 to 2018, 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.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global carob 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 461 - Carobs

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. 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

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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