EU: Canned Vegetable Market 2024

Canned Vegetable Market Size in the EU

In 2022, after three years of growth, there was decline in the EU canned vegetable market, when its value decreased by -1.5% to $X. Over the period under review, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 7.6%. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Canned Vegetable Production in the EU

In value terms, canned vegetable production expanded to $X in 2022 estimated in export price. In general, production showed a slight expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 8%. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Canned Vegetable Exports

Exports in the EU

In 2022, approx. X tons of canned vegetables were exported in the European Union; increasing by 2.9% on the previous year's figure. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 4.8% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, canned vegetable exports reached $X in 2022. The total export value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when exports increased by 9.1% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy was the major exporting country with an export of around X tons, which amounted to 40% of total exports. Spain (X tons) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (10%), France (5.9%), Belgium (5.8%), Hungary (5.4%) and Greece (5.3%).

Exports from Italy increased at an average annual rate of +3.2% from 2012 to 2022. At the same time, Greece (+6.0%), Hungary (+2.5%), the Netherlands (+1.8%) and Spain (+1.7%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +6.0% from 2012-2022. By contrast, France (-1.6%) and Belgium (-2.9%) illustrated a downward trend over the same period. While the share of Italy (+4.3 p.p.) and Greece (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of France (-2.6 p.p.) and Belgium (-3.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), Spain ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2022, with a combined 58% share of total exports. Greece, France, Belgium and Hungary lagged somewhat behind, together accounting for a further 27%.

Greece, with a CAGR of +5.6%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 10%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.4%), while the other leaders experienced more modest paces of growth.

Canned Vegetable Imports

Imports in the EU

In 2022, imports of canned vegetables in the European Union rose remarkably to X tons, picking up by 5.6% against 2021. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, canned vegetable imports reached $X in 2022. The total import value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 7.7%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), the Netherlands (X tons), Belgium (X tons), Italy (X tons) and Spain (X tons) were the key importers of canned vegetables, together creating 70% of total imports. Sweden (X tons), Poland (X tons), Romania (X tons), Austria (X tons), Denmark (X tons), the Czech Republic (X tons) and Portugal (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +7.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest canned vegetable importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), with a combined 48% share of total imports. Spain, Belgium, Italy, Sweden, Poland, Austria, Denmark, Romania, the Czech Republic and Portugal lagged somewhat behind, together comprising a further 39%.

Romania, with a CAGR of +10.9%, saw 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 the European Union amounted to $X per ton, waning by -3% against the previous year. Over the period under review, the import price, however, continues to indicate a modest increase. The pace of growth appeared the most rapid in 2018 an increase of 11% against the previous year. The level of import peaked at $X per ton in 2021, and then fell in the following year.

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 Spain ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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