Global Vegetable Market 2022

Vegetable Market Size

In 2021, the global vegetable market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the global market attained the maximum level at $X in 2020, and then shrank modestly in the following year.

Vegetable Production

In value terms, vegetable production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; 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 2019 with an increase of X% against the previous year. Over the period under review, global production attained the peak level at $X in 2020, and then dropped slightly in the following year.

China (X tons) remains the largest vegetable producing country worldwide, comprising approx. X% of total volume. Moreover, vegetable production in China exceeded the figures recorded by the second-largest producer, India (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume in China amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and the United States (-X% per year).

In 2021, the global average vegetable yield fell to X tons per ha, reducing by -X% compared with the previous year. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the average vegetable yield attained the maximum level at X tons per ha in 2020, and then declined slightly 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.

The global vegetable harvested area totaled X ha in 2021, flattening at the previous year's figure. Over the period under review, the harvested area recorded a relatively flat trend pattern. As a result, the harvested area reached the peak level and is likely to continue growth in the immediate term.

Vegetable Exports

Exports

In 2021, shipments abroad of vegetables decreased by -X% to X tons, falling for the second year in a row after four years of growth. The total export volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, vegetable exports rose slightly to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The global exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The shipments of the four major exporters of vegetables, namely the Netherlands, Mexico, Spain and China, represented more than third of total export. France (X tons) held the next position in the ranking, followed by the United States (X tons). All these countries together took near X% share of total exports. Germany (X tons), India (X tons), Belgium (X tons), Canada (X tons), Morocco (X tons), Turkey (X tons) and Ethiopia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Ethiopia (with a CAGR of +X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest vegetable supplying countries worldwide were Spain ($X), Mexico ($X) and the Netherlands ($X), together accounting for X% of global exports. These countries were followed by China, the United States, Canada, France, Morocco, Belgium, Germany, India, Turkey and Ethiopia, which together accounted for a further X the main exporting countries, Canada, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average vegetable export price stood at $X per ton in 2021, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Canada ($X per ton), while Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+X%), while the other global leaders experienced more modest paces of growth.

Vegetable Imports

Imports

In 2021, purchases abroad of vegetables decreased by -X% to X tons for the first time since 2011, thus ending a nine-year rising trend. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Global imports peaked at X tons in 2020, and then dropped modestly in the following year.

In value terms, vegetable imports reached $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the United States (X tons), distantly followed by Belgium (X tons), Germany (X tons) and the Netherlands (X tons) represented the largest importers of vegetables, together generating X% of total imports. France (X tons), Canada (X tons), the UK (X tons), Russia (X tons), Spain (X tons), Italy (X tons), Malaysia (X tons), Hong Kong SAR (X tons) and Saudi Arabia (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of +X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest vegetable importing markets worldwide were the United States ($X), Germany ($X) and Canada ($X), together accounting for X% of global imports. These countries were followed by the UK, France, the Netherlands, Belgium, Russia, Italy, Spain, Hong Kong SAR, Malaysia and Saudi Arabia, which together accounted for a further X Kong SAR, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average vegetable import price stood at $X per ton in 2021, rising by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Global import price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform