Global Vegetable Market 2020

Vegetable Market Size

The global vegetable market revenue amounted to $X in 2017, rising by X% against the previous year. Overall, the total market indicated a remarkable growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the vegetable consumption increased by +X% against 2007 indices. The pace of growth was the most pronounced in 2010, when market value increased by X% year-to-year. Over the period under review, the global vegetable market attained its maximum level in 2017, and is expected to retain its growth in the immediate term.

Vegetable Production

In 2017, the global vegetable production totaled X tons, coming up by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011, when it surged by X% year-to-year. Global vegetable production peaked in 2017, and is expected to retain its growth in the immediate term. The general positive trend in terms of vegetable output was largely conditioned by a measured growth of the harvested area and a mild expansion in yield figures.

China (X tons) constituted the country with the largest volume of vegetable production, comprising approx. X% of total production. Moreover, vegetable production in China exceeded the figures recorded by the world's second largest producer, India (X tons), fourfold. The third position in this ranking was occupied by the U.S. (X tons), with a X% share.

In China, vegetable production expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: India (+X% per year) and the U.S. (-X% per year).

Global average vegetable yield amounted to X ton per ha in 2017, stabilizing at the previous year. Overall, vegetable yield continues to indicate a slight increase. The pace of growth appeared the most rapid in 2008, when yield increased by X% against the previous year. Over the period under review, the average vegetable yield attained its peak figure level in 2017, and is expected to retain its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, the global vegetable harvested area totaled X ha, therefore, remained relatively stable against the previous year. The harvested area increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2011, when it surged by X% year-to-year. Global vegetable harvested area peaked in 2017, and is likely to continue its growth in the immediate term.

Vegetable Exports

Exports 2007-2017

Global exports stood at X tons in 2017, growing by X% against the previous year. The total export volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed over the period under review. The pace of growth appeared the most rapid in 2013, with an increase of X% against the previous year. Global exports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, vegetable exports totaled $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the global vegetable exports attained its maximum level in 2017, and are likely to continue its growth in the immediate term.

Exports by Country

The countries with the highest levels of vegetable exports in 2017 were the Netherlands (X tons), Mexico (X tons), Spain (X tons) and China (X tons), together accounting for X% of total export. France (X tons) ranks second in terms of the global exports with a X% share, followed by the U.S. (X%). India (X tons), Germany (X tons), Belgium (X tons), Canada (X tons), Italy (X tons) and Egypt (X tons) took the slight share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest vegetable markets worldwide were the Netherlands ($X), Spain ($X) and Mexico ($X), together comprising X% of global exports. These countries were followed by China, the U.S., France, Canada, Italy, Belgium, Germany, India and Egypt, which together accounted for a further X%.

In terms of the main exporting countries , China (+X% per year) recorded the highest growth rate of exports, over the last decade, while 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 2017, standing approx. at the previous year. Overall, vegetable export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, when the average export prices increased by X% year-to-year. Global export price peaked of $X per ton in 2013; however, from 2014 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Italy ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other global leaders experienced more modest paces of growth.

Vegetable Imports

Imports 2007-2017

In 2017, the amount of vegetables imported worldwide stood at X tons, growing by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2010, when imports increased by X% against the previous year. Over the period under review, the global vegetable imports attained its maximum volume in 2017, and are likely to see steady growth in the near future.

In value terms, vegetable imports amounted to $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. Global imports peaked in 2017, and are likely to continue its growth in the immediate term.

Imports by Country

In 2017, the U.S. (X tons), distantly followed by Germany (X tons), the Netherlands (X tons), Belgium (X tons), the UK (X tons) and France (X tons) represented the largest importers of vegetables, together mixed up X% of total imports. The following importers - Canada (X tons), Russia (X tons), the United Arab Emirates (X tons), Malaysia (X tons), Spain (X tons) and Italy (X tons) together made up X% of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2017. At the same time, the United Arab Emirates (+X%), Malaysia (+X%), the Netherlands (+X%), Belgium (+X%), Germany (+X%), Italy (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. France, Spain, the UK and Russia experienced a relatively flat trend pattern. While the share of Belgium (-X%), the Netherlands (-X%) and the U.S. (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vegetable markets worldwide were the U.S. ($X), Germany ($X) and the UK ($X), with a combined X% share of global imports. These countries were followed by France, Canada, the Netherlands, Russia, Belgium, Italy, Spain, the United Arab Emirates and Malaysia, which together accounted for a further X%.

In terms of the main importing countries , the United Arab Emirates (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the average vegetable import price amounted to $X per ton, standing approx. at the previous year. Overall, vegetable import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013, when it surged by X% year-to-year. In that year, the average import prices for vegetables reached their peak level of $X per ton. From 2014 to 2017, growth of the average import prices for vegetables stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Malaysia (+X% per year), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform