Eastern Asia: Vegetable Market 2024

Vegetable Market Size in Eastern Asia

The East Asian vegetable market was estimated at $X in 2022, remaining stable against 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 throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Vegetable Production in Eastern Asia

In value terms, vegetable production rose to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X.6B. From 2017 to 2022, production growth remained at a lower figure.

China (X tons) constituted the country with the largest volume of vegetable production, comprising approx. 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 rate of growth in terms of volume in China amounted to X%.

The average vegetable yield stood at X tons per ha in 2022, therefore, remained relatively stable against 2021 figures. In general, the yield showed modest growth. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. Over the period under review, the vegetable yield hit record highs at X tons per ha in 2020; however, from 2021 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.

The vegetable harvested area declined slightly to X ha in 2022, shrinking by X% against 2021. Overall, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the harvested area attained the peak level of X ha, and then contracted slightly in the following year.

Vegetable Exports

Exports in Eastern Asia

In 2022, the amount of vegetables exported in Eastern Asia rose remarkably to X tons, with an increase of X% against 2021 figures. 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% against the previous year. 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 stood at $X in 2022. Total exports indicated a strong 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 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X tons) represented roughly X% of total exports in 2022.

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.

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

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped 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, purchases 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 saw a perceptible curtailment. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, vegetable imports fell to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

Hong Kong SAR (X tons) and Japan (X tons) represented roughly X% of total imports in 2022. It was distantly followed by South Korea (X tons), mixing up a X% share of total imports. The following importers - Macao SAR (X tons) and China (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Among the main importing countries, China, with a CAGR of X%, saw the highest growth rate of the value of imports, 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, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

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 China ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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