Temporarily Preserved Vegetable Market

Temporarily preserved vegetable market: enjoy the latest datasets enhanced by an Ai-driven BI tool. Datasets contain market prices, production, trade, market size, exports, imports, consumption, and companies. There is a split by country, including the U.K., Africa, EU, Latin America, the Middle East, China, Russia, and the U.S. Market insights and outlook to 2030 are also featured in the reports.

The global market for vegetables that are temporarily preserved is projected to experience continued growth in consumption and value over the period from 2022 to 2030. Market performance is forecasted to expand with a CAGR of +2.8% for consumption and +4.9% for value. In 2022, global consumption totaled 2.2M tons with Algeria, China, and India being the top consuming countries. Production volume reached 2.1M tons in the same year, with Algeria, China, and India leading in production. Global imports and exports of temporarily preserved vegetables also saw moderate growth in both volume and value. The market is expected to retain growth in the years to come, with key importing and exporting countries playing a significant role in global trade.

Market Forecast

Market Forecast

Driven by increasing demand for vegetables (temporarily preserved) worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market volume to 2.7M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.9% for the period from 2022 to 2030, which is projected to bring the market value to $4.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Temporarily Preserved Vegetable

In 2022, the amount of vegetables (temporarily preserved) consumed worldwide totaled 2.2M tons, approximately reflecting the year before. The total consumption volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Global consumption peaked at 2.2M tons in 2020; afterwards, it flattened through to 2022.

The global temporarily preserved vegetable market revenue stood at $2.9B in 2022, increasing by 2.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the global market reached the peak level in 2022 and is expected to retain growth in years to come.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Algeria (482K tons), China (281K tons) and India (192K tons), together accounting for 44% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Algeria (with a CAGR of +8.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Algeria ($577M), China ($330M) and Taiwan (Chinese) ($216M) were the countries with the highest levels of market value in 2022, together accounting for 39% of the global market.

In terms of the main consuming countries, Algeria, with a CAGR of +5.7%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of temporarily preserved vegetable per capita consumption was registered in Algeria (11 kg per person), followed by Taiwan (Chinese) (3.1 kg per person), Saudi Arabia (1.5 kg per person) and South Korea (1 kg per person), while the world average per capita consumption of temporarily preserved vegetable was estimated at 0.3 kg per person.

In Algeria, temporarily preserved vegetable per capita consumption expanded at an average annual rate of +6.7% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Taiwan (Chinese) (+0.9% per year) and Saudi Arabia (+0.1% per year).

Production

World Production of Temporarily Preserved Vegetable

In 2022, approx. 2.1M tons of vegetables (temporarily preserved) were produced worldwide; remaining constant against the year before. The total output volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 4.9%. Global production peaked at 2.1M tons in 2020; afterwards, it flattened through to 2022.

In value terms, temporarily preserved vegetable production totaled $2.5B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by 24% against the previous year. As a result, production reached the peak level of $3B. From 2016 to 2022, global production growth remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Algeria (479K tons), China (411K tons) and India (289K tons), together accounting for 55% of global production. Egypt, Iran, Vietnam, Indonesia, Taiwan (Chinese), Spain, the Philippines, Saudi Arabia and Honduras lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of +11.2%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Temporarily Preserved Vegetable

In 2022, the amount of vegetables (temporarily preserved) imported worldwide expanded modestly to 573K tons, growing by 3.6% on 2021 figures. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 7.6%. As a result, imports attained the peak of 593K tons. From 2019 to 2022, the growth of global imports failed to regain momentum.

In value terms, temporarily preserved vegetable imports expanded markedly to $710M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of 7.8% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports By Country

The purchases of the six major importers of vegetables (temporarily preserved), namely Italy, Japan, South Korea, Spain, the United States and France, represented more than half of total import. The following importers - Russia (23K tons), Belgium (21K tons), Chile (19K tons), Germany (17K tons), Poland (16K tons), Brazil (15K tons) and Turkey (14K tons) - together made up 22% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +22.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest temporarily preserved vegetable importing markets worldwide were Italy ($124M), Japan ($68M) and France ($62M), together comprising 36% of global imports. Spain, the United States, Germany, South Korea, Poland, Turkey, Brazil, Belgium, Chile and Russia lagged somewhat behind, together accounting for a further 39%.

Poland, with a CAGR of +22.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average temporarily preserved vegetable import price amounted to $1,239 per ton, increasing by 2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 5.4% against the previous year. Over the period under review, average import prices hit record highs at $1,282 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,986 per ton), while South Korea ($474 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+4.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Temporarily Preserved Vegetable

In 2022, shipments abroad of vegetables (temporarily preserved) was finally on the rise to reach 536K tons after three years of decline. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 13%. The global exports peaked at 599K tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, temporarily preserved vegetable exports expanded rapidly to $696M in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 12%. Over the period under review, the global exports attained the peak figure at $701M in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports By Country

The shipments of the three major exporters of vegetables (temporarily preserved), namely China, India and Spain, represented more than half of total export. It was distantly followed by Egypt (42K tons), creating a 7.9% share of total exports. The following exporters - the Netherlands (22K tons), Morocco (21K tons), Peru (16K tons), Syrian Arab Republic (14K tons), Poland (12K tons), Italy (11K tons) and the United States (11K tons) - together made up 20% of total exports.

From 2012 to 2022, the biggest increases were recorded for Syrian Arab Republic (with a CAGR of +14.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest temporarily preserved vegetable supplying countries worldwide were China ($166M), Spain ($93M) and India ($80M), with a combined 49% share of global exports. Egypt, Morocco, Syrian Arab Republic, Poland, the Netherlands, Italy, Peru and the United States lagged somewhat behind, together comprising a further 31%.

Syrian Arab Republic, with a CAGR of +13.3%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average temporarily preserved vegetable export price stood at $1,299 per ton in 2022, surging by 3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2016 an increase of 5.1%. The global export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Syrian Arab Republic ($1,971 per ton), while Peru ($793 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform