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Global Garlic Market Report 2018

Global garlic market revenue amounted to 29,251 million USD in 2015, picking up by +21.6% against the previous year level. Overall, global garlic market continues to indicate a perceptible growth: the market value increased at an average annual rate of +8.7% from 2007 to 2015.

This trend pattern, however, was roller-coasting throughout the analyzed period. The growth pace was the most rapid in 2010, when the market revenue increased by +132% from the previous year level. In that year, the global garlic market revenue attained its maximum of 41,042 million USD. From 2011 to the end of the period under review, the total garlic market revenue failed to regain its former peak level.

Over the analyzed period, an increase in global garlic production was primarily driven by population growth. Furthermore, these key drivers are expected to continue promoting the garlic output in the immediate term. This general positive trend was largely conditioned by a robust expansion of the harvested area and a moderate improvement of the yield figures.

China remains the largest garlic producer in the world

The country with the largest volume of the garlic output in absolute volumes was China (20,826 thousand tonnes), accounting for 81% of global production. Moreover, garlic output in China exceeded the figures recorded by the world’s second largest producer, India (1,270 thousand tonnes), more than tenfold. The third position in this ranking was occupied by South Korea with a share of 1%. From 2007 to 2015, an average annual growth rate of China’s garlic producton stood at +3.3%. The remaining producing countries recorded the following average annual growth rates: India (+6.3% per year) and South Korea (+1.2% per year).

The world garlic harvested area amounted to 1,641 thousand ha in 2015, which was 5.6% more than the previous year figure. The garlic harvested area indicated a noticeable increase over the period under review, representing a compound annual growth rate of +2.9% from 2007 to 2015. This trend pattern, however, indicated some mild fluctuations over the recent years. Over the period under review, the total garlic harvested area peaked in 2015, and is likely to continue its expansion in the immediate term, following rising demand for globally.

The global average garlic yield amounted to 157 thousand hg/ha in 2015, falling by -2.0% from the previous year figure. The yield figures recorded an upward trend over the period under review, with a compound annual growth rate standing at +0.3% from 2007 to 2015. These yield figures maintained, all in all, a stable trend pattern throughout the analyzed period. The highest garlic yields were recorded in 2010, when it peaked at 169 thousand hg/ha. Afterwards, it decreased slightly and then fluctuated around these levels throughout the analyzed period.

The primary aim of the report is to help you to find actionable insights and make data-driven decisions for growing your business on the global garlic market. It contains the latest data on market trends and opportunities by country, consumption, production and price developments, as well as on global trade (imports and exports). The forecast reveals the market perspectives through to 2025.

For more information about this report visit: http://www.indexbox.co.uk/store/world-garlic-market-report-analysis-and-forecast-to-2020/

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