Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in China - 2023
Contents:
- Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in China (FOB) - 2023
- Exports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in China
Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in China (FOB) - 2023
The average export price for fresh or chilled lettuce, other than cabbage lettuce stood at $1,154 per ton in December 2023, waning by -19.6% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2023 when the average export price increased by 27% month-to-month. Over the period under review, the average export prices reached the peak figure at $1,730 per ton in February 2023; however, from March 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Hong Kong SAR ($2,182 per ton), while the average price for exports to Mongolia ($253 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.
Exports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in China
Exports of fresh or chilled lettuce, other than cabbage lettuce from China surged to 129K tons in 2022, increasing by 28% compared with the previous year's figure. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +27.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +106.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 62%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of fresh or chilled lettuce, other than cabbage lettuce surged to $195M in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 114% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 61.4 | 131 | 138 | 162 | 38.2% |
| Vietnam | 1.1 | 7.1 | 7.6 | 16.0 | 144.1% |
| Thailand | 3.2 | 4.6 | 8.2 | 11.7 | 54.1% |
| Mongolia | N/A | N/A | N/A | 0.7 | 0% |
| Others | 2.2 | 2.5 | 3.4 | 4.8 | 29.7% |
| Total | 67.9 | 145 | 157 | 195 | 42.1% |
Top Export Markets for Fresh or Chilled Lettuce, Other than Cabbage Lettuce from China in 2022:
- Hong Kong SAR (79.8K tons)
- Vietnam (27.2K tons)
- Thailand (15.0K tons)
- Mongolia (2.8K tons)
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Explore the top import markets for lettuce and chicory across the globe, including key players such as Germany, Canada, and the United States.
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