Global Plum And Sloe Market 2024

Plum And Sloe Market Size

The global plum and sloe market totaled $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Plum And Sloe Production

In value terms, plum and sloe production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value 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. Based on 2022 figures, production decreased by -1.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 33%. Global production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

China (X tons) constituted the country with the largest volume of plum and sloe production, comprising approx. 54% of total volume. Moreover, plum and sloe production in China exceeded the figures recorded by the second-largest producer, Romania (X tons), eightfold. The third position in this ranking was held by Serbia (X tons), with a 4% share.

In China, plum and sloe production expanded at an average annual rate of +1.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Romania (+6.3% per year) and Serbia (+5.3% per year).

The global average plum and sloe yield stood at X tons per ha in 2022, approximately equating 2021 figures. Over the period under review, the yield recorded a modest increase. The pace of growth was the most pronounced in 2014 when the yield increased by 6.2%. The global yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield stood at a somewhat lower figure. 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 plums and sloes production worldwide contracted modestly to X ha, therefore, remained relatively stable against the previous year's figure. Overall, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 4.8%. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the global plum and sloe harvested area remained at a lower figure.

Plum And Sloe Exports

Exports

In 2022, approx. X tons of plums and sloes were exported worldwide; with an increase of 18% against the year before. The total export volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plum and sloe exports skyrocketed to $X in 2022. Over the period under review, total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.4% against 2014 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Chile (X tons), distantly followed by South Africa (X tons), Spain (X tons), Hong Kong SAR (X tons), Italy (X tons), Uzbekistan (X tons), Turkey (X tons) and the Netherlands (X tons) represented the main exporters of plums and sloes, together comprising 73% of total exports. China (X tons), Moldova (X tons), Serbia (X tons) and the United States (X tons) held a minor share of total exports.

Exports from Chile increased at an average annual rate of +8.0% from 2012 to 2022. At the same time, Hong Kong SAR (+12.5%), China (+12.2%), Uzbekistan (+9.7%), Turkey (+6.4%), South Africa (+6.2%), the Netherlands (+3.7%) and Moldova (+2.5%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in the world, with a CAGR of +12.5% from 2012-2022. Serbia and Italy experienced a relatively flat trend pattern. By contrast, Spain (-1.1%) and the United States (-11.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile, Uzbekistan, Hong Kong SAR, South Africa and China increased by +8.8, +5.4, +3.4, +2.5 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) remains the largest plum and sloe supplier worldwide, comprising 37% of global exports. The second position in the ranking was taken by Spain ($X), with a 10% share of global exports. It was followed by South Africa, with a 9.2% share.

In Chile, plum and sloe exports increased at an average annual rate of +12.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (-0.0% per year) and South Africa (+5.8% per year).

Export Prices by Country

In 2022, the average plum and sloe export price amounted to $X per ton, rising by 2% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 11% against the previous year. The global export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Uzbekistan ($X 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.

Plum And Sloe Imports

Imports

In 2022, global imports of plums and sloes expanded sharply to X tons, with an increase of 6.3% compared with 2021. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 9.9% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, plum and sloe imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.3% 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 2021 with an increase of 14%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons), followed by Russia (X tons), Hong Kong SAR (X tons), the Netherlands (X tons), Germany (X tons) and the UK (X tons) represented the main importers of plums and sloes, together committing 49% of total imports. Brazil (X tons), Iraq (X tons), the United States (X tons), Romania (X tons), Canada (X tons), France (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +27.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported plums and sloes worldwide, comprising 23% of global imports. The second position in the ranking was held by Hong Kong SAR ($X), 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. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+9.4% per year) and the Netherlands (+0.4% per year).

Import Prices by Country

The average plum and sloe import price stood at $X per ton in 2022, which is down by -2.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 9% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then declined in the following year.

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 China ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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