Asia-Pacific: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Asia-Pacific

The Asia-Pacific lettuce and chicory market was estimated at $X in 2022, surging by 1.6% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.8% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Lettuce And Chicory Production in Asia-Pacific

In value terms, lettuce and chicory production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 122%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

The country with the largest volume of lettuce and chicory production was China (X tons), comprising approx. 87% of total volume. Moreover, lettuce and chicory production in China exceeded the figures recorded by the second-largest producer, India (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. In the other countries, the average annual rates were as follows: India (+0.5% per year) and Japan (+0.1% per year).

In 2022, the average lettuce and chicory yield in Asia-Pacific stood at X tons per ha, approximately equating the previous year's figure. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by 1.1%. Over the period under review, the lettuce and chicory yield attained the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a 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, approx. X ha of lettuce and chicory were harvested in Asia-Pacific; therefore, remained relatively stable against 2021. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 5.4% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the lettuce and chicory harvested area remained at a somewhat lower figure.

Lettuce And Chicory Exports

Exports in Asia-Pacific

Lettuce and chicory exports soared to X tons in 2022, picking up by 17% on 2021 figures. Total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 +51.7% against 2016 indices. The pace of growth was the most pronounced in 2015 with an increase of 44%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, lettuce and chicory exports soared to $X in 2022. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by 43%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, finishing at X tons, which was near 84% of total exports in 2022. It was distantly followed by Malaysia (X tons), comprising a 6.1% share of total exports. Taiwan (Chinese) (X tons) and Thailand (X tons) took a little share of total exports.

Exports from China increased at an average annual rate of +4.3% from 2012 to 2022. At the same time, Thailand (+22.0%) and Malaysia (+3.6%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +22.0% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2022, the share of Thailand increased by +2.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lettuce and chicory supplier in Asia-Pacific, comprising 86% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 6% share of total exports. It was followed by Taiwan (Chinese), with a 2% share.

In China, lettuce and chicory exports increased at an average annual rate of +19.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+3.0% per year) and Taiwan (Chinese) (-2.7% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, growing by 6.6% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by 49% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.5%), while the other leaders experienced mixed trends in the export price figures.

Lettuce And Chicory Imports

Imports in Asia-Pacific

After two years of growth, overseas purchases of lettuce and chicory decreased by -0.9% to X tons in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 23%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, lettuce and chicory imports amounted to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 19%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the five major importers of lettuce and chicory, namely Hong Kong SAR, Thailand, Taiwan (Chinese), South Korea and Singapore, represented more than two-thirds of total import. Malaysia (X tons) held a 5.7% share (based on physical terms) of total imports, which put it in second place, followed by Japan (5.4%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading 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, the largest lettuce and chicory importing markets in Asia-Pacific were Hong Kong SAR ($X), Singapore ($X) and Taiwan (Chinese) ($X), together accounting for 57% of total imports. South Korea, Japan, Thailand and Malaysia lagged somewhat behind, together comprising a further 34%.

Thailand, with a CAGR of +17.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, surging by 2.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the import price increased by 13% against the previous year. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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