Global Vegetable Market 2024

Vegetable Market Size

The global vegetable market reached $X.3B in 2022, remaining stable against the previous year. The market 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. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the global market failed to regain momentum.

Vegetable Production

In value terms, vegetable production totaled $X.1B in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X.6B. From 2017 to 2022, global production growth remained at a somewhat lower figure.

China (X tons) remains the largest vegetable producing country worldwide, 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).

In 2022, the global average vegetable yield totaled X tons per ha, stabilizing at 2021 figures. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the average vegetable yield hit record highs 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.

The global vegetable harvested area contracted modestly to X ha in 2022, approximately mirroring the previous year's figure. Overall, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha, and then contracted slightly in the following year.

Vegetable Exports

Exports

Global vegetable exports was estimated at X tons in 2022, picking up by X% on the year before. The total export volume 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 in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. The global exports peaked in 2022 and are expected to retain 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% 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 with an increase of X%. Over the period under review, the global exports attained the maximum at $X in 2021, and then contracted modestly in the following year.

Exports by Country

Mexico (X tons), the Netherlands (X tons), China (X tons) and Spain (X tons) represented roughly X% of total exports in 2022. It was followed by France (X tons), comprising a X% share of total exports. India (X tons), Iran (X tons), the United States (X tons), Germany (X tons), Belgium (X tons), Canada (X tons), Morocco (X tons) and Turkey (X tons) held a little share of total exports.

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

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

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

Export Prices by Country

In 2022, the average vegetable export price amounted to $X per ton, 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 an increase of X% against the previous year. The global export price peaked at $X per ton in 2021, and then contracted 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, supplies from abroad of vegetables decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, global imports reached the maximum at X tons in 2021, and then contracted modestly in the following year.

In value terms, vegetable imports reduced to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, global imports reached the maximum at $X in 2021, and then dropped slightly 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) were the major importers of vegetables, together making up X% of total imports. France (X tons), the UK (X tons), Canada (X tons), Spain (X tons), Iraq (X tons), Italy (X tons), Russia (X tons), Malaysia (X tons) and the United Arab Emirates (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading 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), with a combined X% share of global imports. France, Canada, the Netherlands, Belgium, Spain, Russia, Italy, Malaysia, the United Arab Emirates and Iraq lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Iraq, with a CAGR of X%, saw 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

In 2022, the average vegetable import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Iraq ($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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