Brazil, Russian Federation, India and China (BRIC) are the emerging and fast growing countries within the agricultural products industry and had a total market value of $1,286,087.0 million in 2014, says a report from MarketReportsOnline.com, a database of selected syndicated market reports for global and regional industries.
The G8 countries contributed $468,036.9 million in 2014 to the global agricultural products industry, with a compound annual growth rate (CAGR) of 1.6% between 2010 and 2014. The G8 countries are expected to reach a value of $531,800.3 million in 2019, with a CAGR of 2.6% over the 2014-19 period.
Among the G8 nations, the US is the leading country in the agricultural products industry, with market revenues of $157,322.9 million in 2014. This was followed by Japan and Russia, with a value of $107,823.4 and $55,808.5 million, respectively.
The US is expected to lead the agricultural products industry in the G8 nations with a value of $171,707.5 million in 2016, followed by Japan and Russia with expected values of $124,990.9 and $74,394.6 million, respectively.
Within the BRIC agricultural products industry, China is the leading country among the BRIC nations with market revenues of $1,062,548.1 million in 2014. This was followed by India, Russia and Brazil with a value of $116,211.7, $55,808.5, and $51,518.7 million, respectively.
China is expected to lead the agricultural products industry in the BRIC nations with a value of $1,524,490.4 million in 2019, followed by India, Russia, Brazil with expected values of $144,405.8, $74,394.6 and $66,535.5 million, respectively.