The European potato chips market is estimated at $4.5B (in wholesale prices). The production of chips in the largest EU countries quickly recovered after a short-term drop caused by the pandemic. Based on 2020 data, the potato chips market is one of the markets less affected by the pandemic and is expected to retain its current upward trend pattern.
The Asia-Pacific avocado market peaks near $1.4B (in wholesale prices), following the global trend of rising avocado consumption. Indonesia, China, and Australia constitute the largest avocado consumers in Asia-Pacific. Since the main consumers of avocados in Asia-Pacific are affluent residents of large cities, the continued growth of the middle class, particularly, in China, is expected to promote demand for avocados. The pandemic, however, still brings a significant risk of disruption of supply chains between avocado growers, importers, distributors, and retailers.
The European plastic packaging market remains resilient to the pandemic, amounting to near $31B. According to the New European Green Deal, by 2030, absolutely all plastic packaging consumed in the EU must be recyclable or recyclable. This is to shift supply chains towards reusable packages which could possibly lead to rising costs. However, due to the convenience of plastic packaging amid the pandemic, any radical market contraction is currently not expected.
The mollusc market is expected to contract over 2020 amid a marked drop in demand from the HoReCa sector, and will resume weak growth in 2021 as the HoReCa and tourism sectors find their ‘new normality’.
While the economic recovery from the pandemic could take several years, the renovation plan will provide the additional incentive that could accelerate the recovery of the construction sector and support demand for cellular plates and other insulation materials.
With the pandemic's impact, it is expected that in 2020, global consumption of ammonia should remain nearly unchanged against 2019. In the medium term, as the global economy gets back to work, the market will start recovering, driven by major fundamentals that existed before the crisis.
Ferrosilicon consumption is expected to continue rising due to the further growth of solar energy.
In 2019, the EU market for jams, jellies, puree and pastes decreased by -4.4% to $3.9B, falling for the second...