Eastern Asia: Vegetable Market 2024

Vegetable Market Size in Eastern Asia

The East Asian vegetable market reached $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Vegetable Production in Eastern Asia

In value terms, vegetable production rose slightly to $X in 2022 estimated in export price. The total production indicated resilient growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production reached the peak level of $X.3B. From 2017 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of vegetable production was China (X tons), accounting for X% of total volume. It was followed by Japan (X tons), with a X% share of total production.

From 2012 to 2022, the average annual growth rate of volume in China amounted to X%.

In 2022, the average vegetable yield in Eastern Asia stood at X tons per ha, almost unchanged from 2021 figures. Overall, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the vegetable yield attained the peak level at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. 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 contracted to X ha in 2022, which is down by X% on 2021 figures. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha, and then reduced in the following year.

Vegetable Exports

Exports in Eastern Asia

In 2022, the amount of vegetables exported in Eastern Asia expanded markedly to X tons, growing by X% against the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, vegetable exports reached $X in 2022. Total exports indicated a prominent 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. Based on 2022 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The shipments of the one major exporters of vegetables, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the vegetables exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest vegetable supplier in Eastern Asia.

In China, vegetable exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank slightly in the following year.

As there is only one major export destination, 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 X% per year.

Vegetable Imports

Imports in Eastern Asia

In 2022, supplies from abroad of vegetables decreased by X% to X tons, falling for the fourth year in a row after four years of growth. In general, imports showed a pronounced setback. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable imports contracted to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Hong Kong SAR (X tons) and Japan (X tons) represented the key importers of vegetables in Eastern Asia, together recording near X% of total imports. It was distantly followed by South Korea (X tons) and China (X tons), together comprising a X% share of total imports. Macao SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Macao SAR (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

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

Macao SAR, with a CAGR of X%, recorded the highest rates of growth with regard to 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 Eastern Asia amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while China ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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