Global Date Market 2024

Date Market Size

The global date market reduced modestly to $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 when the market value increased by 7.4%. Global consumption peaked at $X in 2021, and then declined in the following year.

Date Production

In value terms, date production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 8.4%. As a result, production attained the peak level of $X. From 2020 to 2022, global production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Egypt (X tons), Saudi Arabia (X tons) and Iran (X tons), with a combined 48% share of global production. Algeria, Iraq, Pakistan, Sudan, Oman, the United Arab Emirates, Tunisia, Libya and China lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Tunisia (with a CAGR of +5.3%), while production for the other global leaders experienced more modest paces of growth.

In 2022, the global average yield of dates reduced slightly to X tons per ha, leveling off at the previous year's figure. The yield figure increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 12% against the previous year. The global yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. 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 dates production worldwide stood at X ha, standing approx. at the previous year's figure. Over the period under review, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 5.4%. As a result, the harvested area reached the peak level of X ha; afterwards, it flattened through to 2022.

Date Exports

Exports

In 2022, after two years of growth, there was decline in shipments abroad of dates, when their volume decreased by -3.2% to X tons. In general, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 31% against the previous year. Over the period under review, the global exports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, date exports totaled $X in 2022. Over the period under review, exports, however, posted strong growth. The growth pace was the most rapid in 2016 with an increase of 30%. Over the period under review, the global exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the major exporters of datesaround the world, together reaching approx. 39% of total exports. It was distantly followed by Iran (X tons), Tunisia (X tons), Algeria (X tons), Israel (X tons) and Iraq (X tons), together creating a 46% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +18.8%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest date supplying countries worldwide were Israel ($X), Tunisia ($X) and Saudi Arabia ($X), with a combined 45% share of global exports.

Among the main exporting countries, Israel, with a CAGR of +19.3%, saw the highest growth rate of 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 date export price stood at $X per ton in 2022, surging by 4.5% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 7.5%. The global export price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+3.0%), while the other global leaders experienced more modest paces of growth.

Date Imports

Imports

After two years of growth, purchases abroad of dates decreased by -2.8% to X tons in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 19%. As a result, imports attained the peak of X tons, and then shrank slightly in the following year.

In value terms, date imports dropped to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +110.7% against 2012 indices. The growth pace was the most rapid in 2013 when imports increased by 17% against the previous year. Over the period under review, global imports attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

India was the key importer of dates in the world, with the volume of imports accounting for X tons, which was approx. 30% of total imports in 2022. The United Arab Emirates (X tons) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (7.3%) and Indonesia (5%). Nigeria (X tons), Turkey (X tons), Yemen (X tons), France (X tons), Bangladesh (X tons), Afghanistan (X tons), Germany (X tons), the United States (X tons) and the UK (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +6.3% from 2012 to 2022. At the same time, Nigeria (+32.4%), the United Arab Emirates (+27.0%), Turkey (+17.3%), Indonesia (+12.7%), Afghanistan (+11.9%), Germany (+9.0%), the UK (+7.0%), Morocco (+6.4%), Yemen (+5.3%), France (+4.7%) and the United States (+1.0%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +32.4% from 2012-2022. Bangladesh experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United Arab Emirates, Nigeria, Turkey and Indonesia increased by +8.5, +3.3, +2.3 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest date importing markets worldwide were India ($X), Morocco ($X) and the United Arab Emirates ($X), together accounting for 31% of global imports.

The United Arab Emirates, with a CAGR of +18.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average date import price amounted to $X per ton, which is down by -2.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 8.1%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+8.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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