India and the U.S. Ramped Up Dry Vegetable Exports and Strengthened Their Leading Positions in Global Trade

IndexBox has just published a new report: 'World - Dry Vegetable - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

Global dry vegetable exports reached $2B in 2020. China remains the largest supplier of dry vegetables worldwide and continues to expand its exports. India and the U.S. keep pace with the leader, emerging as the fastest-growing exporters. Last year, the U.S., Germany and Brazil constituted key markets for dry vegetables exported from China. India sent most of the exports to Nepal, Germany and the U.S. Near 42% of supplies from the U.S. were intended for Canada, Mexico and Japan.

Global Dry Vegetable Exports

In value terms, dry vegetable exports expanded modestly by +2.1% y-o-y to $2B in 2020 (IndexBox estimates). In 2020, global dry vegetable exports reduced remarkably to 752K tonnes, with a decrease of -16.2% compared with the previous year.

In value terms, China ($776M) remains the largest dry vegetable supplier worldwide, comprising 39% of global exports. The second position in the ranking was occupied by the U.S. ($233M), with a 12% share of global exports. It was followed by Germany, with an 8.7% share.

China was the major exporting country with an export of about 270K tonnes, which amounted to 36% of total exports. India (151K tonnes) ranks second in terms of total exports with a 20% share, followed by the U.S. (10%), the Netherlands (4.8%) and Spain (4.6%). The following exporters - Poland (31K tonnes), Germany (30K tonnes), Uzbekistan (29K tonnes), Egypt (16K tonnes) and France (14K tonnes) - together made up 16% of total exports.

In 2020, the biggest increases in export volumes were in India (+70.8%), the U.S. (+62.6%) and China (+20.7%), while shipments for the other global leaders experienced more modest paces of growth.

Major Importers of Dry Vegetables from China

The U.S. (93K tonnes) was the main destination for dry vegetable exports from China, with a 34% share of total exports. Moreover, dry vegetable exports to the U.S. exceeded the volume sent to the second major destination, Germany (16K tonnes), fivefold. Brazil (15K tonnes) ranked third in terms of total exports with a 5.7% share.

In value terms, the U.S. ($253M) remains the key foreign market for dry vegetable exports from China, comprising 33% of total exports. The second position in the ranking was occupied by Japan ($106M), with a 14% share of total exports. It was followed by Germany, with a 5% share.

Major Importers of Dry Vegetables from India

Nepal (71K tonnes) was the main destination for dry vegetable exports from India, accounting for a 47% share of total exports. Moreover, dry vegetable exports to Nepal exceeded the volume sent to the second major destination, Germany (9.5K tonnes), sevenfold. The third position in this ranking was occupied by the U.S. (9.4K tonnes), with a 6.2% share.

In value terms, the largest markets for dry vegetables exported from India were Germany ($22M), the U.S. ($21M) and Brazil ($15M), with a combined 34% share of total exports. These countries were followed by Nepal, the UK, Russia, Belgium, South Africa and Poland, which together accounted for a further 28%.

Major Importers of Dry Vegetables from the U.S.

Canada (11K tonnes), Japan (7.2K tonnes) and Mexico (4.9K tonnes) were the main destinations of dry vegetable exports from the U.S., with a combined 42% share of total exports. Indonesia, the Dominican Republic, China, South Africa, Australia, the UK, Belgium, Thailand, the Philippines and France lagged somewhat behind, together comprising a further 36%.

In value terms, Canada ($58M), Japan ($29M) and Mexico ($16M) were the largest markets for dry vegetables exported from the U.S. worldwide, together accounting for 44% of total exports. These countries were followed by South Africa, Indonesia, China, Australia, France, the UK, Belgium, the Philippines, the Dominican Republic and Thailand, which together accounted for a further 31%.

Source: IndexBox Platform