Global Vegetable Product Market 2025

Vegetable Product Market Size

The global vegetable product market amounted to $X in 2022, growing by 5.5% against the previous year. The market value increased at an average annual rate of +3.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market hit record highs in 2022 and is expected to retain growth in years to come.

Vegetable Product Production

In value terms, vegetable product production expanded markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% 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 with an increase of 26% against the previous year. Global production peaked in 2022 and is likely to see steady growth in the immediate term.

The countries with the highest volumes of production in 2022 were Brazil (X tons), India (X tons) and China (X tons), together accounting for 66% of global production. Pakistan, Thailand, Mexico, the United States, Indonesia and Australia lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Pakistan (with a CAGR of +3.8%), while production for the other global leaders experienced more modest paces of growth.

In 2022, the global average vegetable product yield amounted to X tons per ha, approximately reflecting 2021 figures. Overall, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 4.4%. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average vegetable product 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, the total area harvested in terms of vegetable products production worldwide dropped modestly to X ha, remaining constant against the year before. In general, the harvested area, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the harvested area increased by 3.4% against the previous year. Over the period under review, the harvested area dedicated to vegetable product production attained the maximum at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Vegetable Product Exports

Exports

In 2022, overseas shipments of vegetable products decreased by -5.7% to X tons, falling for the second year in a row after nine years of growth. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 19% against the previous year. Over the period under review, the global exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable product exports reduced modestly to $X in 2022. Overall, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 27%. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

China represented the main exporting country with an export of about X tons, which recorded 36% of total exports. Spain (X tons) ranks second in terms of the total exports with an 11% share, followed by Portugal (7.2%) and Nigeria (5.2%). Turkey (X tons), Algeria (X tons), France (X tons), Vietnam (X tons), South Africa (X tons), Myanmar (X tons), Malaysia (X tons), Morocco (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vegetable product exports from China stood at +4.0%. At the same time, Myanmar (+60.0%), Morocco (+31.2%), Malaysia (+28.6%), Algeria (+21.9%), Vietnam (+21.8%), France (+16.1%), Nigeria (+12.6%), the Netherlands (+8.2%), Spain (+4.2%), Portugal (+2.8%), Turkey (+2.0%) and South Africa (+1.5%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in the world, with a CAGR of +60.0% from 2012-2022. From 2012 to 2022, the share of Nigeria, Algeria, Myanmar, Vietnam, France and Malaysia increased by +2.5, +2.1, +2.1, +1.8, +1.7 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vegetable product supplier worldwide, comprising 42% of global exports. The second position in the ranking was taken by Morocco ($X), with a 10% share of global exports. It was followed by Portugal, with a 7.4% share.

In China, vegetable product exports increased at an average annual rate of +5.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Morocco (+65.9% per year) and Portugal (+23.2% per year).

Export Prices by Country

In 2022, the average vegetable product export price amounted to $X per ton, picking up by 5.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+26.4%), while the other global leaders experienced more modest paces of growth.

Vegetable Product Imports

Imports

Global vegetable product imports skyrocketed to X tons in 2022, surging by 18% compared with the previous year. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 50%. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, vegetable product imports surged to $X in 2022. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Global imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China dominates imports structure, resulting at X tons, which was approx. 85% of total imports in 2022. The following importers - the United States (X tons) and Italy (X tons) - each recorded a 3.1% share of total imports.

China was also the fastest-growing in terms of the vegetable products imports, with a CAGR of +10.3% from 2012 to 2022. At the same time, Italy (+9.4%) and the United States (+2.5%) displayed positive paces of growth. China (+11 p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), China ($X) and the United States ($X) were the countries with the highest levels of imports in 2022, together accounting for 35% of global imports.

Among the main importing countries, Italy, with a CAGR of +24.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average vegetable product import price stood at $X per ton in 2022, with a decrease of -2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2021 when the average import price increased by 32%. Global import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :