Eastern Asia: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Eastern Asia

The East Asian lettuce and chicory market rose slightly to $X in 2022, increasing by 2.1% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value 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, consumption decreased by -2.4% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Lettuce And Chicory Production in Eastern Asia

In value terms, lettuce and chicory production rose slightly to $X in 2022 estimated in export price. Overall, production, however, showed a strong increase. The growth pace was the most rapid in 2016 when the production volume increased by 138% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

China (X tons) constituted the country with the largest volume of lettuce and chicory production, comprising approx. 96% of total volume. Moreover, lettuce and chicory production in China exceeded the figures recorded by the second-largest producer, Japan (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 2022, the average yield of lettuce and chicory in Eastern Asia fell to X tons per ha, leveling off at the previous year. Over the period under review, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the yield increased by 0.8% against the previous year. Over the period under review, the lettuce and chicory yield hit record highs 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 Eastern Asia; stabilizing at 2021 figures. Overall, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 5.8%. As a result, the harvested area reached the peak level of X ha. From 2016 to 2022, the growth of the lettuce and chicory harvested area failed to regain momentum.

Lettuce And Chicory Exports

Exports in Eastern Asia

In 2022, the amount of lettuce and chicory exported in Eastern Asia soared to X tons, jumping by 17% against the previous year. In general, exports recorded tangible growth. The most prominent rate of growth was recorded in 2015 when exports increased by 57%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, lettuce and chicory exports soared to $X in 2022. Overall, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 60% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

China prevails in exports structure, recording X tons, which was near 94% of total exports in 2022. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the lettuce and chicory exports, with a CAGR of +4.3% from 2012 to 2022. Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of Taiwan (Chinese) (-1.9 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lettuce and chicory supplier in Eastern Asia, comprising 96% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 2.3% share of total exports.

In China, lettuce and chicory exports increased at an average annual rate of +19.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, picking up by 8% against the previous year. In general, the export price enjoyed a resilient increase. The growth pace was the most rapid in 2014 an increase of 52% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.5%).

Lettuce And Chicory Imports

Imports in Eastern Asia

In 2022, lettuce and chicory imports in Eastern Asia reduced to X tons, declining by -11.7% against the year before. In general, imports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2016 with an increase of 33%. 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 reduced to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 30% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Hong Kong SAR (X tons), distantly followed by Taiwan (Chinese) (X tons), South Korea (X tons) and Japan (X tons) represented the largest importers of lettuce and chicory, together achieving 96% of total imports. Macao SAR (X tons) held a little 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 South Korea (with a CAGR of +1.8%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Hong Kong SAR ($X), Taiwan (Chinese) ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, with a combined 80% share of total imports. Japan and Macao SAR lagged somewhat behind, together accounting for a further 20%.

Macao SAR, with a CAGR of +10.3%, saw 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

The import price in Eastern Asia stood at $X per ton in 2022, increasing by 7.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2015 when the import price increased by 23%. As a result, import price attained 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 ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+10.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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