ASEAN: Vegetable Market 2025

Vegetable Market Size in ASEAN

The ASEAN vegetable market reached $X in 2022, leveling off 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 remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Vegetable Production in ASEAN

In value terms, vegetable production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Vietnam (X tons), Indonesia (X tons) and the Philippines (X tons), together accounting for X% of total production. Myanmar, Thailand, Lao People's Democratic Republic and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of vegetables in ASEAN contracted slightly to X tons per ha, leveling off at 2021. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the yield increased by X%. Over the period under review, the vegetable yield hit record highs at X tons per ha in 2021, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The vegetable harvested area declined slightly to X ha in 2022, remaining stable against the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the harvested area dedicated to vegetable production reached the peak figure at X ha in 2021, and then reduced slightly in the following year.

Vegetable Exports

Exports in ASEAN

In 2022, after four years of growth, there was decline in shipments abroad of vegetables, when their volume decreased by X% to X tons. Total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The growth pace was the most rapid in 2016 with an increase of X%. The volume of export peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, vegetable exports fell to $X in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

The shipments of the four major exporters of vegetables, namely Malaysia, Myanmar, Thailand and Vietnam, represented more than two-thirds of total export. It was distantly followed by Indonesia (X tons), comprising a X% share of total exports. Lao People's Democratic Republic (X tons) and Singapore (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable supplying countries in ASEAN were Malaysia ($X), Thailand ($X) and Vietnam ($X), with a combined X% share of total exports. Myanmar, Indonesia, Singapore and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Lao People's Democratic Republic, with a CAGR of X%, 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

The export price in ASEAN stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 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 Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Vegetable Imports

Imports in ASEAN

In 2022, the amount of vegetables imported in ASEAN expanded remarkably to X tons, picking up by X% against the year before. The total import 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, vegetable imports reached $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Malaysia represented the largest importing country with an import of about X tons, which resulted at X% of total imports. Indonesia (X tons) ranks second in terms of the total imports with a X% share, followed by Thailand (X%), Singapore (X%) and Vietnam (X%).

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

In value terms, the largest vegetable importing markets in ASEAN were Malaysia ($X), Indonesia ($X) and Singapore ($X), together accounting for X% of total imports. Thailand and Vietnam lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2021, and then reduced in the following year.

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

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

Source: IndexBox Platform