Europe: Canned Vegetable Market 2024

Canned Vegetable Market Size in Europe

For the fourth consecutive year, the Europe canned vegetable market recorded growth in sales value, which increased by 2% to $X in 2022. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 5.5%. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Canned Vegetable Production in Europe

In value terms, canned vegetable production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 8% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Canned Vegetable Exports

Exports in Europe

In 2022, exports of canned vegetables in Europe rose slightly to X tons, increasing by 2.9% on 2021 figures. The total export volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 4.9% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, canned vegetable exports stood at $X in 2022. The total export value increased at an average annual rate of +2.9% over the period 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 when exports increased by 9.2% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, Italy (X tons) represented the key exporter of canned vegetables, generating 37% of total exports. Spain (X tons) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (9.9%), France (5.6%), Belgium (5.4%), Hungary (5.1%) and Greece (5%).

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 Europe, 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 (+3.8 p.p.) and Greece (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of France (-2.5 p.p.) and Belgium (-3.6 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) were the countries with the highest levels of exports in 2022, with a combined 54% share of total exports. Greece, France, Belgium and Hungary lagged somewhat behind, together comprising a further 25%.

Greece, with a CAGR of +5.6%, saw the highest growth rate of 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 Europe amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 9.4%. The level of export peaked 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 Europe

In 2022, imports of canned vegetables in Europe rose markedly to X tons, picking up by 6.5% against the previous year. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 8.3% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, canned vegetable imports rose modestly to $X in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 7.7% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The countries with the highest levels of canned vegetable imports in 2022 were Germany (X tons), the UK (X tons) and France (X tons), together amounting to 47% of total import. The Netherlands (X tons) took a 5.7% share (based on physical terms) of total imports, which put it in second place, followed by Russia (5.7%) and Belgium (5.7%). Italy (X tons), Spain (X tons), Sweden (X tons), Poland (X tons), Romania (X tons), Austria (X tons) and Denmark (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of +7.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest canned vegetable importing markets in Europe were Germany ($X), the UK ($X) and France ($X), with a combined 43% share of total imports. The Netherlands, Russia, Spain, Belgium, Italy, Sweden, Poland, Austria, Denmark and Romania lagged somewhat behind, together comprising a further 38%.

Romania, with a CAGR of +10.9%, recorded the highest growth rate of 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

The import price in Europe stood at $X per ton in 2022, dropping by -1.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the import price increased by 9.1%. As a result, import price attained the peak level of $X per ton, and then contracted 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 ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform