Eastern Asia: Vegetable Market 2020

Vegetable Market Size in Eastern Asia

The revenue of the vegetable market in Eastern Asia amounted to $X in 2017, increasing by X% against the previous year. The vegetable consumption continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2010, with an increase of X% against the previous year. Over the period under review, the vegetable market reached its maximum level in 2017, and is expected to retain its growth in the immediate term.

Vegetable Production in Eastern Asia

The vegetable production stood at X tons in 2017, increasing by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2008, with an increase of X% year-to-year. The volume of vegetable production peaked in 2017, and is likely to see steady growth in the near future. The general positive trend in terms of vegetable output was largely conditioned by a significant growth of the harvested area and a modest expansion in yield figures.

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

From 2007 to 2017, the average annual rate of growth in terms of volume in China amounted to +X%.

In 2017, average vegetable yield in Eastern Asia amounted to X ton per ha, remaining constant against the previous year. The yield figure increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2008, with an increase of X% year-to-year. The level of vegetable yield peaked in 2017, and is expected to retain its growth in the immediate term. 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 stood at X ha in 2017, going up by X% against the previous year. The harvested area increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. Over the period under review, the harvested area dedicated to vegetable production attained its peak figure in 2017, and is expected to retain its growth in the near future.

Vegetable Exports in Eastern Asia

In 2017, approx. X tons of vegetables were exported in Eastern Asia; picking up by X% against the previous year. The total exports indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2011, with an increase of X% against the previous year. The volume of exports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, vegetable exports amounted to $X in 2017. The vegetable exports continue to indicate a remarkable expansion. Over the period under review, the vegetable exports attained its peak figure level of $X in 2016, and then declined slightly in the following year.

Vegetable Exports by Country in Eastern Asia

China prevails in vegetable exports structure, accounting for X tons, which was approx. X% of total exports in 2017. South Korea (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to vegetable exports from China stood at +X%. At the same time, South Korea (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest growing exporter in Eastern Asia, with a CAGR of +X% from 2007-2017. China (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vegetable supplier in Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global exports.

In China, vegetable exports increased at an average annual rate of +X% over the period from 2007-2017.

Vegetable Export Prices by Country in Eastern Asia

In 2017, the vegetable export price in Eastern Asia amounted to $X per ton, reducing by -X% against the previous year. The vegetable export price continues to indicate a strong growth. The pace of growth was the most pronounced in 2010, when it surged by X% year-to-year. Over the period under review, the export prices for vegetables attained its peak figure level of $X per ton in 2016, and then declined slightly in the following year.

Export prices varied noticeably by the country of destination; the country with the highest export price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year).

Vegetable Imports in Eastern Asia

In 2017, the amount of vegetables imported in Eastern Asia totaled X tons, surging by X% against the previous year. The total imports indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the vegetable imports increased by +X% against 2014 indices. The growth pace was the most rapid in 2012, when it surged by X% year-to-year. Over the period under review, the vegetable imports reached its maximum volume in 2017, and are likely to continue its growth in the immediate term.

In value terms, vegetable imports totaled $X in 2017. The total imports indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the vegetable imports increased by +X% against 2015 indices. The level of imports peaked of $X in 2016, and then declined slightly in the following year.

Vegetable Imports by Country in Eastern Asia

In 2017, China, Hong Kong SAR (X tons) and Japan (X tons) represented the key importers of vegetables in the globe, together achieving X% of total imports. It was distantly followed by South Korea (X tons), Taiwan, Chinese (X tons) and China (X tons), together creating X% share of total imports. China, Macao SAR (X tons) held the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable markets worldwide were Japan ($X), China, Hong Kong SAR ($X) and South Korea ($X), with a combined X% share of total imports. These countries were followed by Taiwan, Chinese, China, Macao SAR and China, which together accounted for a further X%.

In terms of the main importing countries , China, Macao SAR (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Vegetable Import Prices by Country in Eastern Asia

In 2017, the vegetable import price in Eastern Asia amounted to $X per ton, declining by -X% against the previous year. The vegetable import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016, when the import prices increased by X% year-to-year. In that year, the import prices for vegetables reached their peak level of $X per ton, and then declined slightly in the following year.

Import prices varied noticeably by the country of destination; the country with the highest import price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China, Macao SAR (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform