China: Canned Vegetable Market 2024

Canned Vegetable Market Size in China

The Chinese canned vegetable market declined to $X in 2022, falling by -11.2% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Canned Vegetable Production in China

In value terms, canned vegetable production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 21% against the previous year. Canned vegetable production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Canned Vegetable Exports

Exports from China

In 2022, the amount of canned vegetables exported from China expanded modestly to X tons, increasing by 3.7% compared with 2021 figures. The total export volume 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 8.1% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, canned vegetable exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of +5.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 22%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

South Korea (X tons), Japan (X tons) and the United States (X tons) were the main destinations of canned vegetable exports from China, together comprising 63% of total exports. Germany, Yemen, Malaysia, the Netherlands, Vietnam, Spain and Russia lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +18.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canned vegetable exported from China were Japan ($X), South Korea ($X) and the United States ($X), with a combined 49% share of total exports. Vietnam, Malaysia, Germany, Spain, the Netherlands, Russia and Yemen lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, Vietnam, with a CAGR of +31.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average canned vegetable export price stood at $X per ton in 2022, picking up by 5.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2013 an increase of 20% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into China

In 2022, imports of canned vegetables into China reduced to X tons, which is down by -6.5% against the previous year. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 30%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, canned vegetable imports expanded notably to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.7% against 2018 indices. The pace of growth appeared the most rapid in 2015 with an increase of 29% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of canned vegetable to China, accounting for a 42% share of total imports. Moreover, canned vegetable imports from Italy exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. The third position in this ranking was held by Spain (X tons), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-7.2% per year) and Spain (+6.1% per year).

In value terms, Italy ($X), South Korea ($X) and the United States ($X) constituted the largest canned vegetable suppliers to China, together accounting for 44% of total imports. Thailand, Spain, Germany, Russia, Mexico, Malaysia and the Philippines lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, Russia, with a CAGR of +47.8%, recorded the highest growth rate of 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

The average canned vegetable import price stood at $X per ton in 2022, rising by 14% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, canned vegetable import price increased by +47.2% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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