Global Dry Vegetable Market 2024

Dry Vegetable Market Size

For the fourth consecutive year, the global dry vegetable market recorded growth in sales value, which increased by 4.3% to $X in 2022. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Dry Vegetable Production

In value terms, dry vegetable production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when the production volume increased by 18%. Global production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Dry Vegetable Exports

Exports

In 2022, shipments abroad of dry vegetables decreased by -9.1% to X tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2019 when exports increased by 9.4% against the previous year. The global exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, dry vegetable exports declined modestly to $X in 2022. The total export value increased at an average annual rate of +2.9% 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 2016 when exports increased by 22% against the previous year. The global exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the key exporter of dry vegetables in the world, with the volume of exports recording X tons, which was approx. 38% of total exports in 2022. It was distantly followed by India (X tons), the United States (X tons) and Poland (X tons), together making up a 30% share of total exports. Germany (X tons), Spain (X tons), Egypt (X tons), the Netherlands (X tons), Turkey (X tons) and France (X tons) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +1.9% from 2012 to 2022. At the same time, India (+7.6%), Poland (+5.5%), Turkey (+2.7%) and Egypt (+2.5%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +7.6% from 2012-2022. Spain, the United States, the Netherlands and Germany experienced a relatively flat trend pattern. By contrast, France (-3.9%) illustrated a downward trend over the same period. While the share of India (+6.8 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (-2.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest dry vegetable supplier worldwide, comprising 39% of global exports. The second position in the ranking was held by the United States ($X), with a 9.8% share of global exports. It was followed by India, with an 8.7% share.

In China, dry vegetable exports increased at an average annual rate of +2.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+1.6% per year) and India (+8.4% per year).

Export Prices by Country

In 2022, the average dry vegetable export price amounted to $X per ton, surging by 7.7% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 16%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a 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 Germany ($X per ton), while India ($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 (+3.7%), while the other global leaders experienced more modest paces of growth.

Dry Vegetable Imports

Imports

In 2022, global imports of dry vegetables amounted to X tons, almost unchanged from the year before. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 9.7%. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, dry vegetable imports rose slightly to $X in 2022. The total import value increased at an average annual rate of +3.8% 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 2021 when imports increased by 13%. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Germany (X tons), the United States (X tons), Israel (X tons), Canada (X tons), the Netherlands (X tons), Japan (X tons), Spain (X tons), Brazil (X tons), the UK (X tons), Indonesia (X tons), Russia (X tons) and Italy (X tons) represented roughly 59% of total imports in 2022. France (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +34.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2022, with a combined 31% share of global imports. Israel, Canada, the Netherlands, the UK, France, Brazil, Russia, Indonesia, Spain and Italy lagged somewhat behind, together comprising a further 33%.

Israel, with a CAGR of +36.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average dry vegetable import price amounted to $X per ton, with an increase of 2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 an increase of 7.6%. Global import price peaked in 2022 and is likely to see steady growth in years to come.

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 Japan ($X per ton), while Spain ($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 (+6.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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