Global Vegetable Market Overview 2020

Vegetable Market Size

The global vegetable market revenue amounted to $X in 2018, going up by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2010 when the market value increased by X% against the previous year. The global vegetable consumption peaked in 2018 and is likely to see steady growth in the immediate term.

Vegetable Production

In value terms, vegetable production amounted to $X in 2018 estimated in export prices. Overall, the total output indicated a remarkable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, vegetable production increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, global vegetable production attained its maximum level in 2018 and is likely to continue its growth in the near future.

China (X tonnes) remains the largest vegetable producing country worldwide, accounting for X% of total volume. Moreover, vegetable production in China exceeded the figures recorded by the second-largest producer, India (X tonnes), fourfold. The U.S. (X tonnes) ranked third in terms of total production with a X% share.

In China, vegetable production increased at an average annual rate of +X% over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and the U.S. (-X% per year).

Global average vegetable yield totaled X kg per ha in 2018, flattening at the previous year. Overall, the vegetable yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when yield increased by X% year-to-year. Over the period under review, the average vegetable yield attained its maximum level in 2018 and is likely to continue its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Global vegetable harvested area stood at X ha in 2018, increasing by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to vegetable production reached its peak figure in 2018 and is expected to retain its growth in the near future.

Production By Country

China (X tonnes) constituted the country with the largest volume of vegetable production, accounting for X% of total volume. Moreover, vegetable production in China exceeded the figures recorded by the second-largest producer, India (X tonnes), fourfold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2018, 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 U.S. (-X% per year).

Vegetable Exports

Exports 2007-2018

In 2018, the global vegetable exports totaled X tonnes, rising by X% against the previous year. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The global exports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, vegetable exports totaled $X in 2018. The total export value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. The global exports peaked in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

The Netherlands (X tonnes), Mexico (X tonnes), China (X tonnes), Spain (X tonnes), France (X tonnes), the U.S. (X tonnes), Germany (X tonnes), India (X tonnes), Belgium (X tonnes), Canada (X tonnes), Egypt (X tonnes) and Morocco (X tonnes) represented roughly X% of total exports of vegetables in 2018.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and Mexico ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of global exports. These countries were followed by China, the U.S., Canada, France, Morocco, Belgium, Germany, India and Egypt, which together accounted for a further X experienced the highest rates of growth with regard to market size, in terms of the main exporting countries over the period under review, while exports for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average vegetable export price stood at $X per tonne in 2018, growing by X% against the previous year. Over the period under review, the vegetable export price continues to indicate a modest increase. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. The global export price peaked in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Morocco ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Vegetable Imports

Imports 2007-2018

In 2018, the global vegetable imports amounted to X tonnes, increasing by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, global vegetable imports attained their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, vegetable imports totaled $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, global vegetable imports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by Germany (X tonnes), Belgium (X tonnes), the Netherlands (X tonnes) and the UK (X tonnes) represented the largest importers of vegetables, together making up X% of total imports. The following importers - Russia (X tonnes), France (X tonnes), Canada (X tonnes), Malaysia (X tonnes), Spain (X tonnes), Italy (X tonnes) and the United Arab Emirates (X tonnes) - together made up X% of total imports.

The U.S. was also the fastest-growing in terms of the vegetables imports, with a CAGR of +X% from 2007 to 2018. At the same time, Belgium (+X%), Malaysia (+X%), the United Arab Emirates (+X%), the Netherlands (+X%), Italy (+X%), Canada (+X%), Germany (+X%), France (+X%) and Russia (+X%) displayed positive paces of growth. Spain and the UK experienced a relatively flat trend pattern. The U.S. (+X p.p.), Belgium (+X p.p.) and the Netherlands (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), Germany ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of global imports. Canada, France, the Netherlands, Russia, Belgium, Italy, Spain, Malaysia and the United Arab Emirates lagged somewhat behind, together comprising a further X experienced the highest growth rate of market size, among the main importing countries over the period under review, while imports for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average vegetable import price stood at $X per tonne in 2018, approximately reflecting the previous year. Over the period under review, the vegetable import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for vegetables attained their peak figure at $X per tonne in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per tonne), while Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Malaysia, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform