Equatorial Guinea: Fruit Market 2020

Fruit Market Size in Equatorial Guinea

The revenue of the fruit market in Equatorial Guinea amounted to $X in 2018, leveling off at the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. In that year, the fruit market attained its peak level of $X. From 2013 to 2018, the growth of the fruit market remained at a lower figure.

Fruit Production in Equatorial Guinea

In value terms, fruit production amounted to $X in 2018 estimated in export prices. Overall, the total output indicated a modest increase from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 when production volume increased by X% y-o-y. In that year, fruit production reached its peak level of $X. From 2013 to 2018, fruit production growth failed to regain its momentum.

Average yield of fruits in Equatorial Guinea stood at X ton per ha in 2018, approximately mirroring the previous year. In general, the fruit yield, however, continues to indicate a slight decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the fruit yield reached its maximum level at X ton per ha in 2007; however, from 2008 to 2018, yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Fruit harvested area in Equatorial Guinea amounted to X ha in 2018, approximately mirroring the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to fruit production reached its maximum in 2018 and is likely to continue its growth in the near future.

Fruit Exports

Exports from Equatorial Guinea

In 2018, the exports of fruits from Equatorial Guinea stood at X tons, going up by X% against the previous year. Overall, fruit exports, however, continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Equatorial Guinea exports peaked at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, fruit exports totaled $X in 2018. Over the period under review, fruit exports, however, continue to indicate extraordinary growth. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. In that year, fruit exports reached their peak of $X. From 2017 to 2018, the growth of fruit exports remained at a lower figure.

Exports by Country

The exports of the twelve major exporters of fruits, namely Spain, Ecuador, Mexico, the U.S., Guatemala, South Africa, Costa Rica, the Netherlands, China, Italy, Chile and Turkey, represented more than half of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Turkey, while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Mexico ($X) and the U.S. ($X) were the countries with the highest levels of exports in 2018, together accounting for X% of total exports. These countries were followed by the Netherlands, Ecuador, Chile, South Africa, China, Italy, Costa Rica, Guatemala, Turkey and Equatorial Guinea, which together accounted for a further X Guinea experienced the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the fruit export price in Equatorial Guinea amounted to $X per ton, surging by X% against the previous year. Overall, the fruit export price continues to indicate skyrocketing growth. The pace of growth appeared the most rapid in 2016 an increase of X% year-to-year. Over the period under review, the export prices for fruits attained their maximum in 2018 and is likely to see steady growth in the near future.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Costa Rica, while the other leaders experienced more modest paces of growth.

Fruit Imports

Imports into Equatorial Guinea

Fruit imports into Equatorial Guinea totaled X tons in 2018, shrinking by -X% against the previous year. Overall, fruit imports, however, continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, fruit imports reached their maximum at X tons in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

In value terms, fruit imports totaled $X in 2018. In general, fruit imports, however, continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, fruit imports attained their maximum at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Russia (X tons), Germany (X tons), the UK (X tons), the Netherlands (X tons) and France (X tons) represented the key importers of fruits, together comprising X% of total imports. The following importers - China (X tons), Canada (X tons), Belgium (X tons), Italy (X tons), Spain (X tons) and Japan (X tons) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to fruit imports into the U.S. stood at +X%. At the same time, China (+X%), Spain (+X%), the Netherlands (+X%), Italy (+X%), Germany (+X%), Russia (+X%) and France (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Canada and the UK experienced a relatively flat trend pattern. By contrast, Belgium (-X%) and Japan (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.) and China (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fruit importing markets into Equatorial Guinea were the U.S. ($X), Germany ($X) and Russia ($X), together comprising X% of total imports. These countries were followed by the UK, the Netherlands, France, Canada, China, Belgium, Japan, Spain, Italy and Equatorial Guinea, which together accounted for a further X the main importing countries, China recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the fruit import price in Equatorial Guinea amounted to $X per ton, picking up by X% against the previous year. Overall, the fruit import price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2008 when the import price increased by X% against the previous year. In that year, the import prices for fruits attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for fruits failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform