The global value added of food, beverages, and tobacco reveals diverse trends by country. In 2023, the Marshall Islands led with 98.6% of total manufacturing, followed by Mongolia and Ecuador with 65.67% and 65.16%, respectively. Notable year-on-year changes include Bermuda, up by 5.09%, and Argentina, increasing by 2.61%. Meanwhile, Kenya and Peru experienced declines of -1.98% and -1.75%, respectively. Key regions such as Armenia, Costa Rica, and Montenegro saw slight reductions in value. Over five years, a steady growth is observed in certain countries, whereas others indicate high volatility or minor contractions in their sectors.
Future trends to watch include:
- Countries with increasing food, beverages, and tobacco sectors, particularly in Asia and Latin America.
- Potential market realignments influenced by policy changes, trade dynamics, and economic fluctuations.
- Impacts of innovation, sustainability practices, and evolving consumer preferences on sectoral growth.
Top countries in Value Added of Food, Beverages and Tobacco by Country
| # | 10 Countries | Percent of Total Manufacturing | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Marshall Islands | 98.6 | 2023 | +0.12% | +0.13% | View data |
| 2 | 2 Mongolia | 65.67 | 2023 | +2.73% | +1.84% | View data |
| 3 | 3 Ecuador | 65.16 | 2023 | +2.67% | +2.63% | View data |
| 4 | 4 Armenia | 62.25 | 2023 | +0.61% | -0.11% | View data |
| 5 | 5 Rwanda | 55.04 | 2023 | -1.49% | -0.87% | View data |
| 6 | 6 Nicaragua | 52.32 | 2023 | -0.031% | +0.63% | View data |
| 7 | 7 Mauritius | 41.55 | 2023 | +1.17% | +1.06% | View data |
| 8 | 8 Argentina | 38.45 | 2023 | +1.75% | +2.61% | View data |
| 9 | 9 Costa Rica | 37.87 | 2023 | +0.051% | -0.25% | View data |
| 10 | 10 Sri Lanka | 37.65 | 2023 | +1.85% | +0.83% | View data |
