China - Vegetables In Vinegar - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina's Export of Preserved Vegetables with Vinegar Slumps to $9.5M in February 2023
China Vinegar-Preserved Vegetable Exports
In February 2023, shipments abroad of vegetables in vinegar other than potatoes decreased by -17.3% to 5.9K tons, falling for the third month in a row after two months of growth. The total export volume increased at an average monthly rate of +1.0% from February 2022 to February 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in March 2022 when exports increased by 48% against the previous month.
In value terms, vinegar-preserved vegetable exports declined remarkably to $9.5M (IndexBox estimates) in February 2023. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2022 when exports increased by 47% m-o-m.
| COUNTRY | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Export Value of Vinegar-Preserved Vegetable in China (million USD) | |||||||||||||
| Japan | 3.5 | 4.2 | 5.2 | 5.1 | 4.7 | 5.6 | 4.2 | 3.6 | 4.8 | 5.4 | 4.9 | 4.3 | 3.9 |
| South Korea | 2.7 | 5.4 | 6.6 | 3.9 | 4.1 | 4.7 | 3.8 | 3.6 | 3.8 | 5.1 | 5.0 | 4.5 | 2.9 |
| United States | 0.9 | 1.2 | 0.9 | 1.1 | 0.5 | 0.7 | 0.9 | 0.5 | 0.9 | 0.6 | 0.9 | 0.7 | 0.9 |
| Spain | N/A | 0.1 | 0.3 | 0.3 | N/A | 0.1 | 0.2 | 0.2 | 0.2 | 0.8 | 0.3 | 0.3 | 0.4 |
| Australia | 0.2 | 0.4 | 0.1 | 0.4 | 0.2 | 0.2 | 0.2 | 0.3 | 0.4 | 0.2 | 0.2 | 0.2 | 0.3 |
| Canada | 0.1 | 0.4 | 0.4 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 | 0.3 | 0.3 | 0.2 | 0.1 | 0.2 |
| Italy | N/A | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 |
| Others | 2.1 | 2.4 | 1.4 | 2.3 | 3.0 | 4.8 | 2.5 | 1.7 | 3.7 | 1.9 | 1.6 | 1.5 | 0.8 |
| Total | 9.6 | 14.2 | 14.8 | 13.4 | 12.7 | 16.5 | 12.1 | 10.2 | 14.3 | 14.4 | 13.2 | 11.8 | 9.5 |
Exports by Country
Japan (2.5K tons), South Korea (1.8K tons) and the United States (549 tons) were the main destinations of vinegar-preserved vegetable exports from China, together accounting for 83% of total exports. These countries were followed by Spain, Australia, Canada and Italy, which together accounted for a further 9.7%.
From February 2022 to February 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +17.6%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for vinegar-preserved vegetable exported from China were Japan ($3.9M), South Korea ($2.9M) and the United States ($852K), with a combined 80% share of total exports. Spain, Australia, Canada and Italy lagged somewhat behind, together comprising a further 11%.
In terms of the main countries of destination, Spain, with a CAGR of +19.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In February 2023, the vinegar-preserved vegetable price amounted to $1,630 per ton (FOB, China), declining by -2.5% against the previous month. Overall, the export price showed a slight slump. The most prominent rate of growth was recorded in June 2022 an increase of 12% against the previous month. The export price peaked at $2,127 per ton in July 2022; however, from August 2022 to February 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In February 2023, the highest price was recorded for prices to Australia ($1,961 per ton) and Canada ($1,897 per ton), while the average price for exports to the United States ($1,552 per ton) and South Korea ($1,558 per ton) were amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the vinegar-preserved vegetable market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 471 - Vegetables in Vinegar
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
