Asia-Pacific: Spinach Market 2024

Spinach Market Size in Asia-Pacific

The Asia-Pacific spinach market stood at $X in 2022, with an increase of X% against the previous year. In general, consumption showed a strong increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Spinach Production in Asia-Pacific

In value terms, spinach production surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of spinach production was China (X tons), comprising approx. X% of total volume.

In China, spinach production expanded at an average annual rate of X% over the period from 2012-2022.

In 2022, the average spinach yield in Asia-Pacific reached X tons per ha, almost unchanged from 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. Over the period under review, the spinach yield reached the maximum level in 2022 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The spinach harvested area reached X ha in 2022, picking up by X% compared with 2021. Overall, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

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Spinach Exports

Exports in Asia-Pacific

In 2022, exports of spinach in Asia-Pacific soared to X tons, increasing by X% against the previous year. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, spinach exports soared to $X in 2022. Overall, exports posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Malaysia (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the spinach exports, with a CAGR of X% from 2012 to 2022. Malaysia experienced a relatively flat trend pattern. China (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest spinach supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. In general, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Spinach Imports

Imports in Asia-Pacific

In 2022, overseas purchases of spinach decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, spinach imports declined modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by X%. The level of import peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

Singapore dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2022. Thailand (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%). Macao SAR (X tons) and Hong Kong SAR (X tons) took a minor share of total imports.

Singapore experienced a relatively flat trend pattern with regard to volume of imports of spinach. At the same time, Malaysia (X%) and Macao SAR (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported spinach in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Singapore amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform