
China - Vegetable - Market Analysis, Forecast, Size, Trends and Insights
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China: Vegetable Market 2022
Vegetable Market Size in China
After nine years of growth, the Chinese vegetable market decreased by -X% to $X in 2021. Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2012 indices. Vegetable consumption peaked at $X in 2020, and then declined slightly in the following year.
Vegetable Production in China
In value terms, vegetable production reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2020, and then shrank modestly in the following year.
In 2021, the average yield of vegetables in China dropped modestly to X tonnes per ha, waning by -X% on the year before. The yield figure increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. Over the period under review, the average vegetable yield attained the peak level at X tonnes per ha in 2020, and then fell modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2021, the total area harvested in terms of vegetables production in China reached X ha, remaining relatively unchanged against the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2016 to 2021, the growth of the vegetable harvested area remained at a lower figure.
Vegetable Exports
Exports from China
In 2021, approx. X tonnes of vegetables were exported from China; increasing by X% on 2020. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, vegetable exports shrank modestly to $X in 2021. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2020, and then fell modestly in the following year.
Exports by Country
Hong Kong SAR (X tonnes), Vietnam (X tonnes) and Indonesia (X tonnes) were the main destinations of vegetable exports from China, together accounting for X% of total exports. These countries were followed by Malaysia, Thailand, Russia, Japan, Macao SAR, South Korea, Bangladesh, Brazil and the United Arab Emirates, which together accounted for a further X 2012 to 2021, the biggest increases were in Bangladesh (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Hong Kong SAR ($X), Vietnam ($X) and Indonesia ($X) appeared to be the largest markets for vegetable exported from China worldwide, together accounting for X% of total exports. Malaysia, Russia, Japan, Thailand, Brazil, South Korea, the United Arab Emirates, Bangladesh and Macao SAR lagged somewhat behind, together comprising a further X terms of the main countries of destination, Bangladesh, with a CAGR of +X%, recorded 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 vegetable export price stood at $X per tonne in 2021, declining by -X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price reached the peak level of $X per tonne. From 2017 to 2021, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Macao SAR ($X per tonne) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+X%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Imports
Imports into China
In 2021, the amount of vegetables imported into China expanded remarkably to X tonnes, with an increase of X% compared with 2020 figures. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of X tonnes. From 2020 to 2021, the growth imports failed to regain momentum.
In value terms, vegetable imports totaled $X in 2021. Over the period under review, imports saw a resilient increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, Vietnam (X tonnes) constituted the largest supplier of vegetable to China, accounting for a X% share of total imports. Moreover, vegetable imports from Vietnam exceeded the figures recorded by the second-largest supplier, Myanmar (X tonnes), sevenfold.
From 2012 to 2021, the average annual growth rate of volume from Vietnam totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+X% per year) and New Zealand (+X% per year).
In value terms, Vietnam ($X) constituted the largest supplier of vegetable to China, comprising X% of total imports. The second position in the ranking was occupied by Myanmar ($X), with an X% share of total imports.
From 2012 to 2021, the average annual growth rate of value from Vietnam stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (-X% per year) and New Zealand (+X% per year).
Import Prices by Country
In 2021, the average vegetable import price amounted to $X per tonne, remaining constant against the previous year. Overall, the import price, however, continues to indicate a pronounced decline. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2018; however, from 2019 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was New Zealand ($X per tonne), while the price for Myanmar ($X per tonne) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+X%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tonnes |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the vegetable market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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