Global Vegetable Market 2024

Vegetable Market Size

The global vegetable market totaled $X.3B in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X.9B. From 2017 to 2022, the growth of the global market failed to regain momentum.

Vegetable Production

In value terms, vegetable production reached $X.4B in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X.5B. From 2017 to 2022, global production growth remained at a somewhat lower figure.

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 United States (X tons) ranked third in terms of total production with a X% share.

In China, vegetable production expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and the United States (X% per year).

The global average vegetable yield totaled X tons per ha in 2022, remaining constant against 2021. In general, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by X% against the previous year. The global yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of vegetables production worldwide declined to X ha, remaining constant against the previous year. Overall, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha, and then shrank in the following year.

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Vegetable Exports

Exports

In 2022, global exports of vegetables was estimated at X tons, growing by X% compared with 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the global exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, vegetable exports stood at $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Mexico (X tons), the Netherlands (X tons), China (X tons), Spain (X tons), France (X tons), India (X tons), Germany (X tons), the United States (X tons), Iran (X tons), Belgium (X tons), Canada (X tons) and Turkey (X tons) represented roughly X% of total exports in 2022. Morocco (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest vegetable supplying countries worldwide were Mexico ($X), Spain ($X) and the Netherlands ($X), together comprising X% of global exports. China, the United States, Canada, France, Morocco, Belgium, Germany, Turkey, India and Iran lagged somewhat behind, together comprising a further X%.

Iran, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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 2022, declining by X% against the previous year. Overall, the export price, however, showed a slight expansion. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Vegetable Imports

Imports

In 2022, after seven years of growth, there was decline in supplies from abroad of vegetables, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Global imports peaked at X tons in 2021, and then reduced modestly in the following year.

In value terms, vegetable imports contracted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Global imports peaked at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, the United States (X tons), followed by Belgium (X tons), Germany (X tons) and the Netherlands (X tons) represented the largest importers of vegetables, together achieving X% of total imports. France (X tons), the UK (X tons), Canada (X tons), Spain (X tons), Russia (X tons), Malaysia (X tons), Italy (X tons), the United Arab Emirates (X tons) and Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the UK ($X) were the countries with the highest levels of imports in 2022, together comprising X% of global imports. Canada, France, the Netherlands, Belgium, Spain, Russia, Italy, Malaysia, the United Arab Emirates and Iraq lagged somewhat behind, together accounting for a further X%.

Iraq, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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

In 2022, the average vegetable import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Source: IndexBox Platform