As the impact of the coronavirus over the retail business and supply chains looms large, the future of the frozen fruit and nuts market seems uncertain, according to research company Indexbox.
To try and get a grasp on what the global pandemic will mean to producers and consumers alike, IndexBox will hold a webinar, that will stream on YouTube on Tuesday, March 31 at 10 am ET. Presented by Ivan Borovoi, senior analyst at IndexBox, the webinar will focus on recent data and consumers’ behavior in countries with a high degree of frozen fruit and nuts consumption.
In the EU, this market generated revenues of USD2.3bn in 2018, with no significant change over the previous 12-months period. The largest volumes were consumed in Germany, with a 26% market share, France (13%) and Italy (10%).
Data from Indexbox shows that approximately 944K tons of frozen fruit and nuts were produced in the EU in 2018, a decrease of 6% compared to the previous year. Poland, with 351,000 tons, remained the largest producer, followed by Spain and Italy (126,000 tons and 122,000 tons respectively).
EU’s exports of frozen fruit and nuts rose in 2018 by 2.3%, to a volume of 899,000 tons, while imports amounted to 1,13 million tons. The largest exporters were Poland, Netherlands, Belgium, and Spain.