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Report World - Carob - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Global Carob Market 2024

Carob Market Size

The global carob market rose notably to $X in 2022, with an increase of 8.4% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the global market failed to regain momentum.

Carob Production

In value terms, carob production stood at $X in 2022 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 -3.9% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by 33% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, global production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Portugal (X tons), Italy (X tons) and Morocco (X tons), together comprising 54% of global production.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +4.0%), while production for the other global leaders experienced more modest paces of growth.

The global average carob yield fell to X tons per ha in 2022, dropping by -10.5% on 2021. The yield figure increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 21% against the previous year. Over the period under review, the average carob yield hit record highs at X tons per ha in 2021, and then reduced in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of carob production worldwide totaled X ha, remaining stable against the previous year. Overall, the harvested area, however, saw a slight setback. Over the period under review, the harvested area dedicated to carob production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Carob Exports

Exports

After two years of growth, overseas shipments of carob decreased by -15% to X tons in 2022. Overall, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 45%. The global exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, carob exports shrank markedly to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 135% against the previous year. Over the period under review, the global exports attained the maximum at $X in 2021, and then fell rapidly in the following year.

Exports by Country

Morocco (X tons) and Spain (X tons) represented roughly 64% of total exports in 2022. Portugal (X tons) ranks next in terms of the total exports with a 14% share, followed by Algeria (6.4%). Turkey (X tons), Italy (X tons) and Cyprus (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +12.5%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Morocco ($X) remains the largest carob supplier worldwide, comprising 83% of global exports. The second position in the ranking was held by Spain ($X), with a 5.1% share of global exports. It was followed by Algeria, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Morocco stood at +25.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (+10.6% per year) and Algeria (+19.8% per year).

Export Prices by Country

In 2022, the average carob export price amounted to $X per ton, waning by -16% against the previous year. Over the period under review, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 an increase of 73%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then dropped notably 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 Morocco ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+18.3%), while the other global leaders experienced more modest paces of growth.

Carob Imports

Imports

In 2022, global imports of carob surged to X tons, jumping by 63% compared with 2021 figures. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 soared to $X in 2022. In general, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Switzerland (X tons), Spain (X tons), Italy (X tons) and Morocco (X tons) represented roughly 62% of total imports in 2022. It was distantly followed by Algeria (X tons), mixing up a 5.4% share of total imports. The following importers - the Netherlands (X tons), France (X tons), Belgium (X tons), Egypt (X tons), Turkey (X tons), the United States (X tons), Germany (X tons) and Russia (X tons) - together made up 25% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Morocco (with a CAGR of +61.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constitutes the largest market for imported carob worldwide, comprising 53% of global imports. The second position in the ranking was taken by Morocco ($X), with a 23% share of global imports. It was followed by Italy, with a 4% share.

From 2012 to 2022, the average annual growth rate of value in Switzerland amounted to +26.9%. In the other countries, the average annual rates were as follows: Morocco (+69.8% per year) and Italy (+10.2% per year).

Import Prices by Country

In 2022, the average carob import price amounted to $X per ton, reducing by -4.1% against the previous year. Over the period under review, the import price, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 71%. As a result, import price reached the peak level of $X per ton, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Switzerland ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+10.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of carob consumption in 2020 were Portugal, Italy and Turkey, together accounting for 51% of global consumption. These countries were followed by Morocco, Greece, Vietnam, Cyprus, France, Algeria, Switzerland, Lebanon and Egypt, which together accounted for a further 40%.
The countries with the highest volumes of carob production in 2020 were Portugal, Italy and Morocco, with a combined 57% share of global production. These countries were followed by Turkey, Spain, Greece, Cyprus and Algeria, which together accounted for a further 36%.
In value terms, Morocco remains the largest carob supplier worldwide, comprising 36% of global exports. The second position in the ranking was occupied by Spain, with a 16% share of global exports. It was followed by Algeria, with a 13% share.
In value terms, Switzerland constitutes the largest market for imported carob worldwide, comprising 43% of global imports. The second position in the ranking was occupied by Vietnam, with a 11% share of global imports. It was followed by Italy, with a 7.8% share.
In 2020, the average carob export price amounted to $808 per ton, rising by 16% against the previous year.
The average carob import price stood at $990 per ton in 2020, dropping by -5.2% against the previous year.

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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