The floral industry is a vibrant and growing sector of the economy. From florists to flower farms, the industry is filled with entrepreneurs, innovators, and passionate individuals who are passionate about flowers. As the industry continues to grow, it is important to stay up-to-date on the latest trends and statistics.
In this article, we will explore some of the most interesting and important floral industry statistics. We will look at the size of the industry, the types of flowers that are most popular, and the trends that are impacting the industry. By the end of this post, you will have a better understanding of the floral industry and how it is changing.
Floral Industry: Most Important Statistics
The Netherlands accounts for 52% of global production in the Floristry and Floriculture Industry in 2023. This statistic is important because it shows the dominance of the Netherlands in the Floristry and Floriculture Industry in 2023.
60% of flowers and plants sold globally are purchased as a gift, 20% for weddings/funerals, and 20% for home/office.
Floral Industry: Statistics Overview
The global market for Flower and Ornamental Plants is expected to grow 6.3% over the next five years, reaching $57.4 Billion USD in 2024.
There is a potential growth in the industry over the next five years, and potential for increased revenue and profits.
The flower and ornamental plants market is forecast to grow by $30.79 bn during 2022-2027, with a CAGR of 5.85%.
This statistic is important for the floral industry as it provides an indication of the potential growth of the market and the rate at which it is expected to grow.
This information can be used to inform business decisions and strategies related to the floral industry.
Kenya is the world’s 3rd largest exporter of fresh cut-flowers, supplying close to 40% of all flower sales in Europe as of 2019.
Kenya is a major player in the global floristry industry, and that the industry is growing. This information can be used to inform decisions about investments and marketing strategies in the floral industry.
The Netherlands accounts for 52% of global production in the Floristry and Floriculture Industry in 2023.
This statistic is important because it shows the dominance of the Netherlands in the Floristry and Floriculture Industry in 2023.
This information can be used to inform business decisions and strategies in the industry, as well as to understand the competitive landscape.
The Netherlands is the leading exporter of cut flowers, accounting for 40% of global export volume, with $4.6 billion in export revenues and 48.9% market share in 2019.
This demonstrates the Netherlands’ key role in the global trade of cut flowers. It also provides insight into the size of the market and the potential for growth. This information can be used to inform business decisions and strategies for the industry.
Ethiopia has a 2.6% share of the global export revenue for the floristry and floriculture industry, amounting to $241.3 million.
This insight into the global export revenue of the industry, and how Ethiopia contributes to it. This information can be used to inform decisions and strategies in the industry.
The United States is the biggest consumer of cut flowers globally, spending $1.83 Billion annually, followed by Germany ($1.28 Billion), United Kingdom ($921 Million), and Russia ($554 Million).
This information is important for the Floral Industry as it provides insight into the current market trends and consumer spending habits.
60% of flowers and plants sold globally are purchased as a gift, 20% for weddings/funerals, and 20% for home/office.
This highlights the importance of the gifting market in the floral industry and the need for florists to focus on creating attractive and meaningful gifts.
49% of full-service grocery stores, 26% of self-service stores, and 23% of limited service stores offer some type of floral service.
This shows the prevalence of floral services in different types of stores.
This information can be used to inform the marketing and distribution strategies of florists and other businesses in the floral industry.
Florists’ Review predicts an unemployment rate of 4.1% by the end of 2023, which is close to the “sweet spot” of 3.5-4.5%.
This indicates the economic stability of the industry.
A low unemployment rate means that more people are employed and have money to spend, which could lead to an increase in floral industry sales. Additionally, a low unemployment rate means that wages are not escalating too quickly, which could lead to higher costs for the industry.
Conclusion
The floral industry is a booming business, with the global market estimated to reach $37.7 billion by 2025. With the rise of e-commerce, more and more people are opting to purchase flowers online, making it easier than ever to access fresh blooms.
Additionally, the emergence of new trends such as flower subscription services and flower-based home decor have helped to further boost the industry. With so much potential for growth, the floral industry is an exciting and vibrant sector to be a part of.
References
1 – https://www.petalrepublic.com/floristry-and-floriculture-statistics/
2 – https://www.reportlinker.com/p05889315/Global-flower-and-ornamental-plants-market.html?utm_source=GNW
3 – https://floristsreview.com/retail-forecast-2023/
