South-Eastern Asia: Cauliflower And Broccoli Market 2024

Cauliflower And Broccoli Market Size in South-Eastern Asia

The Southeast Asian cauliflower and broccoli market rose to $X in 2022, with an increase of 3.4% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Cauliflower And Broccoli Production in South-Eastern Asia

In value terms, cauliflower and broccoli production expanded to $X in 2022 estimated in export price. The total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +10.0% against 2019 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 90% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Indonesia (X tons), Vietnam (X tons) and the Philippines (X tons), with a combined 96% share of total production.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +6.6%), while production for the other leaders experienced more modest paces of growth.

The average cauliflower and broccoli yield reduced modestly to X tons per ha in 2022, almost unchanged from 2021. The yield figure increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the yield increased by 9%. The level of yield peaked at X tons per ha in 2021, and then contracted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the cauliflower and broccoli harvested area in South-Eastern Asia amounted to X ha, leveling off at the previous year. The harvested area increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 12% against the previous year. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Cauliflower And Broccoli Exports

Exports in South-Eastern Asia

For the fourth year in a row, South-Eastern Asia recorded growth in shipments abroad of cauliflower and broccoli, which increased by 31% to X tons in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 152% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, cauliflower and broccoli exports soared to $X in 2022. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 97% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Vietnam (X tons) was the largest exporter of cauliflower and broccoli, mixing up 57% of total exports. It was distantly followed by Thailand (X tons) and Malaysia (X tons), together achieving a 39% share of total exports. Singapore (X tons) took a relatively small share of total exports.

Vietnam was also the fastest-growing in terms of the cauliflower and broccoli exports, with a CAGR of +37.8% from 2012 to 2022. At the same time, Thailand (+24.9%), Malaysia (+14.2%) and Singapore (+1.3%) displayed positive paces of growth. While the share of Vietnam (+38 p.p.) and Thailand (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-17.8 p.p.) and Singapore (-20.5 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest cauliflower and broccoli supplier in South-Eastern Asia, comprising 53% of total exports. The second position in the ranking was held by Thailand ($X), with a 26% share of total exports. It was followed by Malaysia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled +41.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+31.4% per year) and Malaysia (+4.4% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, waning by -3.6% against the previous year. Over the period under review, the export price continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2016 when the export price increased by 21% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.2%), while the other leaders experienced more modest paces of growth.

Cauliflower And Broccoli Imports

Imports in South-Eastern Asia

In 2022, cauliflower and broccoli imports in South-Eastern Asia skyrocketed to X tons, growing by 29% against the previous year. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cauliflower and broccoli imports soared to $X in 2022. In general, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia represented the key importing country with an import of around X tons, which accounted for 56% of total imports. Thailand (X tons) took the second position in the ranking, distantly followed by Singapore (X tons). All these countries together took approx. 39% share of total imports. Vietnam (X tons) followed a long way behind the leaders.

Malaysia was also the fastest-growing in terms of the cauliflower and broccoli imports, with a CAGR of +5.4% from 2012 to 2022. At the same time, Thailand (+3.4%) and Singapore (+2.0%) displayed positive paces of growth. By contrast, Vietnam (-8.1%) illustrated a downward trend over the same period. Malaysia (+7.9 p.p.) significantly strengthened its position in terms of the total imports, while Singapore and Vietnam saw its share reduced by -2.6% and -4.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported cauliflower and broccoli in South-Eastern Asia, comprising 69% of total imports. The second position in the ranking was taken by Singapore ($X), with a 15% share of total imports. It was followed by Thailand, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia stood at +11.4%. In the other countries, the average annual rates were as follows: Singapore (+2.9% per year) and Thailand (+6.8% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, growing by 18% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cauliflower and broccoli import price increased by +59.4% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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