The analysis of Global Food, Beverages, and Tobacco value added by country for 2024 shows Zimbabwe, Mongolia, Ecuador, Armenia, and Tanzania leading the list. Several countries like Zimbabwe and Mongolia experienced significant growth, with Zimbabwe showing a 3.48% increase and Mongolia 1.95%. In contrast, some countries like Kenya and Senegal showed slight declines, registering -0.78% and -1.89% respectively. Countries such as Greece, Azerbaijan, and Qatar showed remarkable gains of 3.28%, 8.09%, and 14.43% respectively.
Key trends to watch for the future include:
- The positive trajectory seen in several developing nations, indicating potential growth opportunities.
- Continued fluctuations in more stable markets like South Africa and Mexico, which remained relatively steady.
- The sharp decline in Ireland’s sector emphasizes the volatility in smaller markets.
- The high growth figures in Qatar suggest rapid development that could impact global market dynamics.
- Regulatory changes and economic policies in developed nations like the United States and the United Kingdom will be pivotal in shaping the sector's future.
Top countries in Food, Beverages and Tobacco Value Added by Country
| # | 10 Countries | Percent of Manufacturing Value Added | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Zimbabwe | 77.63 | 2023 | +3.28% | +3.48% | View data |
| 2 | 2 Mongolia | 66.02 | 2023 | +1.32% | +1.95% | View data |
| 3 | 3 Ecuador | 61.08 | 2023 | -0.0057% | +1.46% | View data |
| 4 | 4 Armenia | 59.62 | 2023 | +0.27% | +1.01% | View data |
| 5 | 5 Tanzania | 57.57 | 2023 | -0.00014% | -0.00016% | View data |
| 6 | 6 Panama | 56.56 | 2021 | +3.8e-8% | View data | |
| 7 | 7 Macau | 56.53 | 2023 | |||
| 8 | 8 Fiji | 55.66 | 2023 | -0.00004% | +2.56% | View data |
| 9 | 9 Kenya | 54.4 | 2023 | +0.15% | -0.78% | View data |
| 10 | 10 Iceland | 51.86 | 2023 | -0.000024% | +1.55% | View data |
