Global Vegetable Market 2024

Vegetable Market Size

The global vegetable market reached $X.6B in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X.1B. From 2017 to 2022, the growth of the global market remained at a lower figure.

Vegetable Production

In value terms, vegetable production reached $X.8B in 2022 estimated in export price. The total output value increased at an average annual rate of X% 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 2016 when the production volume increased by X%. As a result, production attained the peak level of $X.6B. From 2017 to 2022, global production growth failed to regain momentum.

China (X tons) constituted the country with the largest volume of vegetable production, comprising approx. X% of total volume. Moreover, vegetable production in China exceeded the figures recorded by the second-largest producer, India (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: India (X% per year) and the United States (X% per year).

The global average vegetable yield totaled X tons per ha in 2022, standing approx. at 2021. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. The global yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat 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, the global vegetable harvested area dropped modestly to X ha, remaining stable against 2021 figures. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha, and then shrank slightly in the following year.

Vegetable Exports

Exports

In 2022, approx. X tons of vegetables were exported worldwide; surging by X% on 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the global exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, vegetable exports dropped to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The global exports peaked at $X in 2021, and then dropped modestly in the following year.

Exports by Country

The shipments of the twelve major exporters of vegetables, namely Mexico, the Netherlands, China, Spain, France, India, Germany, the United States, Iran, Belgium, Canada and Turkey, represented more than two-thirds of total export. Morocco (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Iran (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Spain ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of global exports. China, the United States, Canada, France, Morocco, Belgium, Germany, Turkey, India and Iran lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Iran, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average vegetable export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then dropped modestly in the following year.

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 Canada ($X per ton), while India ($X per ton) was amongst the lowest.

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

Vegetable Imports

Imports

In 2022, after four years of growth, there was decline in purchases abroad of vegetables, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Global imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, vegetable imports reduced slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, global imports reached the peak figure at $X in 2021, and then declined modestly in the following year.

Imports by Country

In 2022, the United States (X tons), followed by Belgium (X tons), Germany (X tons) and the Netherlands (X tons) represented the main importers of vegetables, together generating X% of total imports. The following importers - France (X tons), the UK (X tons), Canada (X tons), Spain (X tons), Russia (X tons), Malaysia (X tons), Italy (X tons), the United Arab Emirates (X tons) and Iraq (X tons) - together made up X% of total imports.

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

In value terms, the largest vegetable importing markets worldwide were the United States ($X), Germany ($X) and the UK ($X), together comprising X% of global imports. Canada, France, the Netherlands, Belgium, Russia, Spain, Italy, Malaysia, the United Arab Emirates and Iraq lagged somewhat behind, together comprising a further X%.

Iraq, with a CAGR of X%, 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 global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vegetable import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Global import price peaked at $X per ton in 2021, and then shrank modestly 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 Canada ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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