World - Vegetable - Market Analysis, Forecast, Size, Trends and Insights

Global Vegetable Market Overview 2019

Vegetable Market Size

The global vegetable market revenue amounted to $X in 2018, going down by -X% against the previous year. Overall, vegetable consumption continues to indicate a measured descent. The growth pace was the most rapid in 2009, when the market value increased by X% year-to-year. Global vegetable consumption peaked at $X in 2017, and then declined slightly in the following year.

Vegetable Production

In value terms, vegetable production amounted to $X in 2018 estimated in export prices. Overall, vegetable production continues to indicate a temperate setback. The pace of growth was the most pronounced in 2010, with an increase of X% year-to-year. Over the period under review, global vegetable production attained its maximum level at $X in 2017, and then declined slightly in the following year.

China (X tonnes) remains the largest vegetable producing country worldwide, accounting for X% of total production. Moreover, vegetable production in China exceeded the figures recorded by the world's second largest producer, India (X tonnes), threefold. The third position in this ranking was occupied by Russia (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms 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 Russia (+X% per year).

In 2018, the global average yield of vegetables amounted to X tonne per ha, growing by X% against the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018, when the yield increased by X% against the previous year. In that year, the average vegetable yield attained its peak level, 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.

In 2018, the global harvested area of vegetables stood at X ha, waning by -X% against the previous year. In general, vegetable harvested area continues to indicate a drastic descent. The pace of growth was the most pronounced in 2011, 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 at X ha in 2017, and then declined slightly in the following year.

Vegetable Exports

Exports 2007-2018

In 2018, the amount of vegetables exported worldwide stood at X tonnes, waning by -X% against the previous year. Over the period under review, vegetable exports continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2013, with an increase of X% y-o-y. Global exports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, vegetable exports amounted to $X in 2018. In general, vegetable exports continue to indicate a temperate drop. Over the period under review, global vegetable exports reached their peak figure at $X in 2017, and then declined slightly in the following year.

Exports by Country

The exports of the twelve major exporters of vegetables, namely the Netherlands, China, Mexico, Spain, Germany, India, France, the U.S., Belgium, Canada, Egypt and Pakistan, represented more than two-thirds of total export.

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

In value terms, the Netherlands ($X), Spain ($X) and Mexico ($X) constituted the countries with the highest levels of exports in 2018, together accounting for X% of global exports. These countries were followed by China, the U.S., Canada, France, Germany, Belgium, India, Egypt and Pakistan, which together accounted for a further X recorded the highest growth rate of exports, among the main exporting countries over the last decade, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average vegetable export price amounted to $X per tonne, lowering by -X% against the previous year. In general, the vegetable export price continues to indicate a slight deduction. The most prominent rate of growth was recorded in 2010, when the average export price increased by X% against the previous year. Over the period under review, the average export prices for vegetables reached their maximum at $X per tonne in 2017, and then declined slightly in the following year.

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

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

Vegetable Imports

Imports 2007-2018

In 2018, the amount of vegetables imported worldwide amounted to X tonnes, lowering by -X% against the previous year. In general, vegetable imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, when it surged by X% year-to-year. Over the period under review, global vegetable imports reached their peak figure at X tonnes in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

In value terms, vegetable imports amounted to $X in 2018. Overall, vegetable imports continue to indicate a moderate decrease. Over the period under review, global vegetable imports reached their peak figure at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, the U.S. (X tonnes), Belgium (X tonnes), the Netherlands (X tonnes) and Germany (X tonnes) were the major importers of vegetables in the world, making up X% of total import. Russia (X tonnes), the UK (X tonnes), Malaysia (X tonnes), Canada (X tonnes), France (X tonnes), Italy (X tonnes), Spain (X tonnes) and Indonesia (X tonnes) occupied a little share of total imports.

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

In value terms, the largest vegetable importing markets worldwide were the U.S. ($X), Germany ($X) and the UK ($X), with a combined X% share of global imports. Canada, the Netherlands, France, Belgium, Russia, Indonesia, Spain, Malaysia and Italy lagged somewhat behind, together accounting for a further X terms of the main importing countries, Indonesia recorded the highest growth rate of imports, over the last decade, while the other global leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2018, the average vegetable import price amounted to $X per tonne, going down by -X% against the previous year. Over the last decade, the vegetable import price continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2013, when it surged by X% against the previous year. In that year, the average import prices for vegetables reached their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the average import prices for vegetables remained at a lower figure.

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

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

Source: IndexBox AI Platform