Asia-Pacific: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Asia-Pacific

The Asia-Pacific lettuce and chicory market declined to $X in 2023, leveling off at the previous year. The total consumption indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Lettuce And Chicory Production in Asia-Pacific

In value terms, lettuce and chicory production fell slightly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

The country with the largest volume of lettuce and chicory production was China (X tons), comprising approx. X% of total volume. Moreover, lettuce and chicory production in China exceeded the figures recorded by the second-largest producer, India (X tons), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume in China was relatively modest. In the other countries, the average annual rates were as follows: India (X% per year) and Japan (X% per year).

The average lettuce and chicory yield dropped to X tons per ha in 2023, therefore, remained relatively stable against the previous year's figure. Overall, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the yield increased by X%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The lettuce and chicory harvested area shrank modestly to X ha in 2023, leveling off at the previous year. In general, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2022, and then dropped slightly in the following year.

Lettuce And Chicory Exports

Exports in Asia-Pacific

In 2023, the amount of lettuce and chicory exported in Asia-Pacific skyrocketed to X tons, jumping by X% compared with the year before. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked in 2023 and is likely to continue growth in the immediate term.

In value terms, lettuce and chicory exports stood at $X in 2023. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

China dominates exports structure, accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Malaysia (X tons), constituting a X% share of total exports. Taiwan (Chinese) (X tons) and Thailand (X tons) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to lettuce and chicory exports from China stood at X%. At the same time, Thailand (X%), Malaysia (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of China and Thailand increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lettuce and chicory supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Lettuce And Chicory Imports

Imports in Asia-Pacific

In 2023, supplies from abroad of lettuce and chicory increased by X% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, lettuce and chicory imports reduced to $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Thailand (X tons), Hong Kong SAR (X tons), Taiwan (Chinese) (X tons), South Korea (X tons) and Singapore (X tons) represented roughly X% of total imports in 2023. Macao SAR (X tons) took the next position in the ranking, followed by Malaysia (X tons) and Japan (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Singapore ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Thailand, South Korea, Japan, Malaysia and Macao SAR lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Macao SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform