IndexBox has just published a new report: ‘EU – Vinegar – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The revenue of the vinegar market in the European Union amounted to $871M in 2018, picking up by 3.4% against the previous year. 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). In general, vinegar consumption continues to indicate a relatively flat trend pattern.

Consumption By Country

The countries with the highest volumes of vinegar consumption in 2018 were Germany (232M litres), France (183M litres) and Italy (119M litres), together accounting for 49% of total consumption. These countries were followed by Spain, the UK, Poland, the Netherlands, Belgium, Romania, the Czech Republic, Portugal and Austria, which together accounted for a further 41%.

From 2007 to 2018, the most notable rate of growth in terms of vinegar consumption, amongst the main consuming countries, was attained by Austria, while vinegar consumption for the other leaders experienced more modest paces of growth.

In value terms, Italy ($214M), Germany ($137M) and France ($120M) constituted the countries with the highest levels of market value in 2018, together accounting for 54% of the total market. Spain, the Netherlands, the UK, Belgium, Austria, Poland, the Czech Republic, Romania and Portugal lagged somewhat behind, together accounting for a further 37%.

The countries with the highest levels of vinegar per capita consumption in 2018 were the Netherlands (3,108 litres per 1000 persons), Germany (2,828 litres per 1000 persons) and France (2,800 litres per 1000 persons).

Market Forecast 2019-2025 in the EU

Driven by increasing demand for vinegar in the European Union, the market is expected to continue an upward consumption trend over the next seven years. The market volume is forecast to expand with an anticipated CAGR of +1.1% for the period from 2018 to 2025, which is projected to bring the market volume to 1.2B litres by the end of 2025.

Production in the EU

In 2018, the production of vinegar in the European Union amounted to 1.2B litres, picking up by 2.8% against the previous year. The total output volume increased at an average annual rate of +1.7% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed over the period under review. Over the period under review, vinegar production attained its maximum volume in 2018 and is likely to see steady growth in the immediate term.

Production By Country in the EU

The countries with the highest volumes of vinegar production in 2018 were Germany (211M litres), Italy (185M litres) and France (182M litres), together comprising 50% of total production.

From 2007 to 2018, the most notable rate of growth in terms of vinegar production, amongst the main producing countries, was attained by France, while vinegar production for the other leaders experienced more modest paces of growth.

Exports in the EU

The exports amounted to 378M litres in 2018, increasing by 2.4% against the previous year. The total export volume increased at an average annual rate of +2.7% over the period from 2007 to 2018. In value terms, vinegar exports stood at $519M (IndexBox estimates) in 2018.

Exports by Country

Italy was the main exporter of vinegar exported in the European Union, with the volume of exports reaching 124M litres, which was approx. 33% of total exports in 2018. Germany (40M litres) held an 11% share (based on tonnes) of total exports, which put it in second place, followed by Greece (9.6%), Spain (8%), the Netherlands (7.5%), the Czech Republic (7%) and France (6.8%).

Italy experienced a relatively flat trend pattern of vinegar exports. At the same time, the Czech Republic (+19.3%), the Netherlands (+7.8%), Germany (+3.3%) and Greece (+2.3%) displayed positive paces of growth.

In value terms, Italy ($303M) remains the largest vinegar supplier in the European Union, comprising 58% of total vinegar exports. The second position in the ranking was occupied by Spain ($43M), with a 8.3% share of total exports. It was followed by Germany, with a 7.1% share.

Export Prices by Country

The vinegar export price in the European Union stood at $1.4 per litre in 2018, growing by 9% against the previous year. In general, the vinegar export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for vinegar reached their peak figure at $1.4 per litre in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($2.4 per litre), while the Czech Republic ($0.5 per litre) was amongst the lowest. From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, approx. 315M litres of vinegar were imported in the European Union; rising by 4.2% against the previous year. The total imports indicated buoyant growth from 2007 to 2018: its volume increased at an average annual rate of +4.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of imports peaked in 2018 and are expected to retain its growth in the near future. In value terms, vinegar imports totaled $355M (IndexBox estimates) in 2018.

Imports by Country

Germany (60M litres) and Italy (58M litres) represented roughly 38% of total imports of vinegar in 2018. The UK (32M litres) ranks next in terms of the total imports with a 10% share, followed by France (8.3%), the Netherlands (6.3%) and Belgium (5.6%). The following importers – Hungary (14M litres), Austria (12M litres), the Czech Republic (11M litres), Poland (10M litres), Sweden (9.1M litres) and Spain (8.9M litres) – together made up 21% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Hungary, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($86M), the UK ($53M) and France ($52M) appeared to be the countries with the highest levels of imports in 2018, together comprising 54% of total imports. Italy, Austria, the Netherlands, Spain, Belgium, Sweden, the Czech Republic, Poland and Hungary lagged somewhat behind, together comprising a further 36%.

Import Prices by Country

In 2018, the vinegar import price in the European Union amounted to $1.1 per litre, jumping by 14% against the previous year. Overall, the vinegar import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($2 per litre), while Hungary ($0.5 per litre) was amongst the lowest.

Source: IndexBox AI Platform



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