Global Poppy Seed Market - Trends, Analysis and Forecast to 2025
This report provides an in-depth analysis of the global poppy seed market. Within it, you will find 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 reveals the market projections through 2025.
Countries coverage: Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries (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) + the largest producing countries.
• Poppy seed market volume and value;
• Per Capita consumption;
• Forecast of the market dynamics in the medium term;
• Global poppy seed production, split by region and country;
• Global poppy seed trade (exports and imports);
• Producer, export and import prices for poppy seed;
• Poppy seed 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.
Global poppy seed market revenue amounted to 130 million USD in 2015, going down by -45.1% against the previous year level. Overall, global poppy seed market continues to undergo a significant decline: the market value decreased at an average annual rate of -1.5% from 2007 to 2015. This trend pattern, however, was roller-coasting throughout the analyzed period. The growth pace was the most rapid in 2008, when the market revenue increased by +128% from the previous year level. In that year, the global poppy seed market revenue attained its maximum of 335 million USD. From 2009 to the end of the period under review, the total poppy seed market revenue failed to regain its former peak level.
Over the analyzed period, an increase in global poppy seed production was primarily driven by population growth and growth of bakery products. Furthermore, these key drivers are expected to continue promoting the poppy seed output in the immediate term. This general positive trend was largely conditioned by a measured expansion of the harvested area and solid gains of the yield figures.
The countries with the highest levels of production in 2015 were the Czech Republic (29 thousand tonnes), Turkey (23 thousand tonnes), Spain (11 thousand tonnes), together accounting for 65% of total output. From 2007 to 2015, the most notable growth rates in almond production among the main producing countries was attained by Turkey (+12.3% per year), while the other global leaders experienced mixed trends in the output figures.
The world poppy seed harvested area amounted to 119 thousand ha in 2015, which was 16.7% more than the previous year figure. The harvested area indicated a slight increase over the period under review, representing a compound annual growth rate of +0.2% from 2007 to 2015. This trend pattern, however, indicated some mild fluctuations over the recent years. Over the period under review, the total poppy seed harvested area peaked in 2010, falling back in the following year. From 2011 to 2015, the total poppy seed harvested area fluctuated at lower levels.
The global average poppy seed yield amounted to 8 thousand hg/ha in 2015, rising by 1.3% 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 +4.8% from 2007 to 2015. However, the yield levels displayed some little fluctuations over the recent years. The highest poppy seed yields were recorded in 2011, when it peaked at 8 thousand hg/ha. Afterwards, it decreased slightly and then fluctuated around these levels throughout the analyzed period.
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