Eastern Asia: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Eastern Asia

The East Asian lettuce and chicory market reduced to $X in 2023, falling by X% against the previous year. The total consumption indicated a perceptible increase 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. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Lettuce And Chicory Production in Eastern Asia

In value terms, lettuce and chicory production reduced modestly to $X in 2023 estimated in export price. Overall, production, however, recorded a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

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

In China, lettuce and chicory production remained relatively stable over the period from 2012-2023.

The average lettuce and chicory yield fell to X tons per ha in 2023, standing approx. at 2022. In general, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2023, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of lettuce and chicory production in Eastern Asia fell to X ha, standing approx. at the year before. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2022, and then declined slightly in the following year.

Lettuce And Chicory Exports

Exports in Eastern Asia

In 2023, approx. X tons of lettuce and chicory were exported in Eastern Asia; growing by X% against 2022 figures. In general, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked in 2023 and is likely to see gradual growth in years to come.

In value terms, lettuce and chicory exports totaled $X in 2023. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in years to come.

Exports by Country

China prevails in exports structure, recording X tons, which was near X% of total exports in 2023. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the lettuce and chicory exports, with a CAGR of X% from 2012 to 2023. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. China (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by X% from 2012 to 2023, respectively.

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

In China, lettuce and chicory exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2014 an increase of X%. The level of export peaked at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Lettuce And Chicory Imports

Imports in Eastern Asia

Lettuce and chicory imports dropped to X tons in 2023, shrinking by X% on the previous year's figure. In general, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, lettuce and chicory imports contracted to $X in 2023. Over the period under review, imports showed a mild shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by 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

In 2023, Hong Kong SAR (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) represented the key importer of lettuce and chicory in Eastern Asia, making up X% of total import. Macao SAR (X tons) ranks next in terms of the total imports with a X% share, followed by Japan (X%).

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

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

In terms of the main importing countries, Macao SAR, with a CAGR of X%, 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 import price in Eastern Asia stood at $X per ton in 2023, dropping by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2023, the import prices remained at a somewhat 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