South-Eastern Asia: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in South-Eastern Asia

In 2022, the Southeast Asian lettuce and chicory market decreased by -0.4% to $X for the first time since 2017, thus ending a four-year rising trend. The market value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then contracted slightly in the following year.

Lettuce And Chicory Production in South-Eastern Asia

In value terms, lettuce and chicory production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 38% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Malaysia (X tons) constituted the country with the largest volume of lettuce and chicory production, accounting for 62% of total volume. Moreover, lettuce and chicory production in Malaysia exceeded the figures recorded by the second-largest producer, Thailand (X tons), twofold. The Philippines (X tons) ranked third in terms of total production with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Malaysia totaled +5.0%. In the other countries, the average annual rates were as follows: Thailand (+0.5% per year) and the Philippines (+2.0% per year).

The average lettuce and chicory yield contracted to X tons per ha in 2022, falling by -1.7% against the previous year. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 9.1%. The level of yield peaked at X tons per ha in 2016; however, from 2017 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.

In 2022, approx. X ha of lettuce and chicory were harvested in South-Eastern Asia; waning by -7.5% against 2021 figures. The harvested area increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the harvested area increased by 22%. Over the period under review, the harvested area dedicated to lettuce and chicory production attained the maximum at X ha in 2021, and then shrank in the following year.

Lettuce And Chicory Exports

Exports in South-Eastern Asia

Lettuce and chicory exports surged to X tons in 2022, increasing by 17% on the previous year's figure. The total export volume increased at an average annual rate of +5.5% 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 21%. 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, lettuce and chicory exports soared to $X in 2022. The total export value increased at an average annual rate of +4.7% 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 2017 when exports increased by 31%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Malaysia represented the key exporting country with an export of around X tons, which amounted to 60% of total exports. It was distantly followed by Thailand (X tons), Indonesia (X tons) and Vietnam (X tons), together creating a 39% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lettuce and chicory exports from Malaysia stood at +3.6%. At the same time, Thailand (+22.0%) and Vietnam (+20.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +22.0% from 2012-2022. By contrast, Indonesia (-3.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand and Vietnam increased by +21 and +4.2 percentage points, respectively.

In value terms, Malaysia ($X) remains the largest lettuce and chicory supplier in South-Eastern Asia, comprising 71% of total exports. The second position in the ranking was taken by Thailand ($X), with a 19% share of total exports. It was followed by Vietnam, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia totaled +3.0%. In the other countries, the average annual rates were as follows: Thailand (+31.1% per year) and Vietnam (+16.5% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, flattening at the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 18%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 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 Thailand (+7.5%), while the other leaders experienced mixed trends in the export price figures.

Lettuce And Chicory Imports

Imports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded growth in supplies from abroad of lettuce and chicory, which increased by 23% to X tons in 2022. The total import volume increased at an average annual rate of +5.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lettuce and chicory imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

Thailand (X tons) and Singapore (X tons) represented roughly 78% of total imports in 2022. It was distantly followed by Malaysia (X tons), mixing up a 16% share of total imports. Brunei Darussalam (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 leading importing countries, was attained by Thailand (with a CAGR of +15.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported lettuce and chicory in South-Eastern Asia, comprising 58% of total imports. The second position in the ranking was taken by Thailand ($X), with a 24% share of total imports. It was followed by Malaysia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at +2.0%. In the other countries, the average annual rates were as follows: Thailand (+17.7% per year) and Malaysia (-2.7% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, shrinking by -9.2% against the previous year. In general, the import price showed a slight decline. The growth pace was the most rapid in 2019 when the import price increased by 12%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, 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 Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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