ASEAN: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in ASEAN

After four years of growth, the ASEAN lettuce and chicory market decreased by -0.4% to $X in 2022. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2021, and then reduced in the following year.

Lettuce And Chicory Production in ASEAN

In value terms, lettuce and chicory production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 38% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Malaysia (X tons) remains the largest lettuce and chicory producing country in ASEAN, accounting for 62% of total volume. Moreover, lettuce and chicory production in Malaysia exceeded the figures recorded by the second-largest producer, Thailand (X tons), twofold. The third position in this ranking was held by the Philippines (X tons), with a 4.2% share.

In Malaysia, lettuce and chicory production expanded at an average annual rate of +5.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+0.5% per year) and the Philippines (+2.0% per year).

In 2022, the average yield of lettuce and chicory in ASEAN reduced to X tons per ha, which is down by -1.7% against the previous year. Over the period under review, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 9.1% against the previous year. Over the period under review, the lettuce and chicory yield hit record highs at X tons per ha in 2016; however, from 2017 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of lettuce and chicory in ASEAN fell to X ha, with a decrease of -7.5% against 2021. The harvested area increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when the harvested area increased by 22% against the previous year. Over the period under review, the harvested area dedicated to lettuce and chicory production attained the maximum at X ha in 2021, and then contracted in the following year.

Lettuce And Chicory Exports

Exports in ASEAN

In 2022, exports of lettuce and chicory in ASEAN skyrocketed to X tons, with an increase of 17% compared with 2021 figures. The total export volume increased at an average annual rate of +5.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 21% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, lettuce and chicory exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 31%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Malaysia was the key exporter of lettuce and chicory in ASEAN, with the volume of exports accounting for X tons, which was approx. 60% of total exports in 2022. It was distantly followed by Thailand (X tons), Indonesia (X tons) and Vietnam (X tons), together generating a 39% share of total exports.

Exports from Malaysia increased at an average annual rate of +3.6% from 2012 to 2022. At the same time, Thailand (+22.0%) and Vietnam (+20.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +22.0% from 2012-2022. By contrast, Indonesia (-3.3%) illustrated a downward trend over the same period. While the share of Thailand (+21 p.p.) and Vietnam (+4.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (-8.5 p.p.) and Malaysia (-12.1 p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) remains the largest lettuce and chicory supplier in ASEAN, comprising 71% of total exports. The second position in the ranking was held by Thailand ($X), with a 19% share of total exports. It was followed by Vietnam, with a 5.3% share.

In Malaysia, lettuce and chicory exports expanded at an average annual rate of +3.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+31.1% per year) and Vietnam (+16.5% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by 18%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.5%), while the other leaders experienced mixed trends in the export price figures.

Lettuce And Chicory Imports

Imports in ASEAN

For the third consecutive year, ASEAN recorded growth in purchases abroad of lettuce and chicory, which increased by 23% to X tons in 2022. The total import volume increased at an average annual rate of +5.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lettuce and chicory imports rose notably to $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Thailand (X tons) and Singapore (X tons) were the main importers of lettuce and chicory in ASEAN, together comprising 78% of total imports. It was distantly followed by Malaysia (X tons), comprising a 16% share of total imports. Brunei Darussalam (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +15.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported lettuce and chicory in ASEAN, comprising 58% of total imports. The second position in the ranking was taken by Thailand ($X), with a 24% share of total imports. It was followed by Malaysia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore totaled +2.0%. In the other countries, the average annual rates were as follows: Thailand (+17.7% per year) and Malaysia (-2.7% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, reducing by -9.2% against the previous year. Overall, the import price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2019 when the import price increased by 12% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform