Asia: Vegetable Product Market 2025

Vegetable Product Market Size in Asia

The Asian vegetable product market rose markedly to $X in 2022, picking up by 7.7% against the previous year. The total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +24.8% against 2020 indices. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Vegetable Product Production in Asia

In value terms, vegetable product production rose markedly to $X in 2022 estimated in export price. The total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +24.7% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 20% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

India (X tons) remains the largest vegetable product producing country in Asia, accounting for 52% of total volume. Moreover, vegetable product production in India exceeded the figures recorded by the second-largest producer, China (X tons), fourfold. Pakistan (X tons) ranked third in terms of total production with an 11% share.

In India, vegetable product production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: China (-1.4% per year) and Pakistan (+3.8% per year).

In 2022, the average vegetable product yield in Asia dropped slightly to X tons per ha, waning by -1.7% compared with the previous year's figure. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 9.5%. Over the period under review, the vegetable product yield hit record highs at X tons per ha in 2019; however, from 2020 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 vegetable products in Asia fell to X ha, stabilizing at the previous year's figure. In general, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 4.8% against the previous year. Over the period under review, the harvested area dedicated to vegetable product production reached the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Vegetable Product Exports

Exports in Asia

After five years of growth, overseas shipments of vegetable products decreased by -8.6% to X tons in 2022. Total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.9% 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 2017 with an increase of 33% against the previous year. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, vegetable product exports totaled $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +55.2% against 2017 indices. The pace of growth was the most pronounced in 2013 when exports increased by 22% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near 71% of total exports in 2022. Turkey (X tons) held the second position in the ranking, followed by Vietnam (X tons). All these countries together held approx. 11% share of total exports. Myanmar (X tons), Malaysia (X tons) and Indonesia (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +4.0% from 2012 to 2022. At the same time, Myanmar (+60.0%), Malaysia (+28.6%), Vietnam (+21.8%) and Turkey (+2.0%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia, with a CAGR of +60.0% from 2012-2022. By contrast, Indonesia (-1.8%) illustrated a downward trend over the same period. Myanmar (+4.1 p.p.), Vietnam (+3.6 p.p.) and Malaysia (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia, Turkey and China saw its share reduced by -1.8%, -1.9% and -6.5% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest vegetable product supplier in Asia, comprising 81% of total exports. The second position in the ranking was held by Turkey ($X), with a 5.2% share of total exports. It was followed by Myanmar, with a 2.2% share.

In China, vegetable product exports increased at an average annual rate of +5.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (+6.0% per year) and Myanmar (+51.1% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, increasing by 10% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable product export price increased by +31.6% against 2017 indices. The growth pace was the most rapid in 2014 an increase of 18% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+14.1%), while the other leaders experienced more modest paces of growth.

Vegetable Product Imports

Imports in Asia

In 2022, imports of vegetable products in Asia skyrocketed to X tons, picking up by 20% compared with 2021. Overall, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 57% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, vegetable product imports expanded rapidly to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +55.7% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 19%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the key importer of vegetable products in Asia, constituting 94% of total import.

China was also the fastest-growing in terms of the vegetable products imports, with a CAGR of +10.3% from 2012 to 2022. From 2012 to 2022, the share of China increased by +7.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported vegetable products in Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +12.5%.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, waning by -9.6% against the previous year. In general, the import price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2016 when the import price increased by 21%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.0% per year.

Source: IndexBox Platform

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