EU: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in the EU

For the third consecutive year, the EU temporarily preserved vegetable market recorded growth in sales value, which increased by 0.7% to $X in 2022. The market value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Temporarily Preserved Vegetable Production in the EU

In value terms, temporarily preserved vegetable production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 13% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Temporarily Preserved Vegetable Exports

Exports in the EU

In 2022, after two years of decline, there was significant growth in shipments abroad of vegetables (temporarily preserved), when their volume increased by 13% to X tons. The total export volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 30%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, temporarily preserved vegetable exports totaled $X in 2022. The total export value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 when exports increased by 22% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Spain was the major exporting country with an export of around X tons, which amounted to 53% of total exports. The Netherlands (X tons) took the second position in the ranking, followed by Poland (X tons) and Italy (X tons). All these countries together held near 31% share of total exports. Greece (X tons), Belgium (X tons) and Portugal (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to temporarily preserved vegetable exports from Spain stood at +7.9%. At the same time, Portugal (+12.3%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +12.3% from 2012-2022. By contrast, Italy (-1.1%), Poland (-2.4%), the Netherlands (-4.5%), Belgium (-5.4%) and Greece (-7.2%) illustrated a downward trend over the same period. Spain (+25 p.p.) significantly strengthened its position in terms of the total exports, while Italy, Poland, Belgium, Greece and the Netherlands saw its share reduced by -1.8%, -3.6%, -4%, -5.9% and -11.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest temporarily preserved vegetable supplier in the European Union, comprising 45% of total exports. The second position in the ranking was held by Poland ($X), with an 11% share of total exports. It was followed by the Netherlands, with an 11% share.

In Spain, temporarily preserved vegetable exports expanded at an average annual rate of +8.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (-0.5% per year) and the Netherlands (-6.3% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with a decrease of -7.1% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 14%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+3.6%), while the other leaders experienced more modest paces of growth.

Temporarily Preserved Vegetable Imports

Imports in the EU

In 2022, imports of vegetables (temporarily preserved) in the European Union expanded slightly to X tons, picking up by 1.9% on the previous year's figure. The total import volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 19%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, temporarily preserved vegetable imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +3.0% 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 2020 when imports increased by 15%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

The purchases of the three major importers of vegetables (temporarily preserved), namely Italy, Spain and France, represented more than half of total import. Belgium (X tons) ranks next in terms of the total imports with an 8.3% share, followed by Germany (6.8%) and Poland (6.4%). Romania (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 leading importing countries, was attained by Poland (with a CAGR of +22.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest temporarily preserved vegetable importing markets in the European Union were Italy ($X), France ($X) and Spain ($X), with a combined 64% share of total imports. Germany, Poland, Belgium and Romania lagged somewhat behind, together accounting for a further 22%.

In terms of the main importing countries, Poland, with a CAGR of +22.3%, saw the highest rates of growth with regard to 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

In 2022, the import price in the European Union amounted to $X per ton, with an increase of 3.1% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 5.1%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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