Ukraine: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in Ukraine

The Ukrainian temporarily preserved vegetable market declined notably to $X in 2022, falling by -20.8% against the previous year. Over the period under review, consumption, however, enjoyed a resilient expansion. Over the period under review, the market attained the peak level at $X in 2021, and then shrank markedly in the following year.

Temporarily Preserved Vegetable Production in Ukraine

In value terms, temporarily preserved vegetable production declined modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a prominent increase. The growth pace was the most rapid in 2019 when the production volume increased by 48%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Temporarily Preserved Vegetable Exports

Exports from Ukraine

In 2022, shipments abroad of vegetables (temporarily preserved) increased by 15% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, saw a mild decline. The most prominent rate of growth was recorded in 2017 with an increase of 68% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, temporarily preserved vegetable exports surged to $X in 2022. Overall, exports saw resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by 96%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bulgaria (X tons), Switzerland (X tons) and Poland (X tons) were the main destinations of temporarily preserved vegetable exports from Ukraine, together comprising 87% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +530.1%), while the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X), Bulgaria ($X) and Poland ($X) appeared to be the largest markets for temporarily preserved vegetable exported from Ukraine worldwide, with a combined 92% share of total exports.

In terms of the main countries of destination, Bulgaria, with a CAGR of +563.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average temporarily preserved vegetable export price stood at $X per ton in 2022, increasing by 6.3% against the previous year. Overall, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 56% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Temporarily Preserved Vegetable Imports

Imports into Ukraine

In 2022, after six years of growth, there was significant decline in supplies from abroad of vegetables (temporarily preserved), when their volume decreased by -47% to X tons. Over the period under review, imports, however, continue to indicate a slight increase. The pace of growth was the most pronounced in 2017 when imports increased by 122% against the previous year. Imports peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, temporarily preserved vegetable imports reduced rapidly to $X in 2022. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 95%. Imports peaked at $X in 2021, and then shrank sharply in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of temporarily preserved vegetable to Ukraine, accounting for a 86% share of total imports. Moreover, temporarily preserved vegetable imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +8.8%.

In value terms, India ($X) constituted the largest supplier of vegetables (temporarily preserved) to Ukraine, comprising 82% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +14.3%.

Import Prices by Country

The average temporarily preserved vegetable import price stood at $X per ton in 2022, increasing by 41% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, temporarily preserved vegetable import price increased by +49.9% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.0%).

Source: IndexBox Platform

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