Global Vegetable Puree Market 2024

Vegetable Puree Market Size

In 2022, the global vegetable puree market decreased by -1.5% to $X, falling for the second consecutive year after five years of growth. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the global market remained at a lower figure.

Vegetable Puree Production

In value terms, vegetable puree production rose notably 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; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year. Over the period under review, global production attained the peak level in 2022 and is likely to see steady growth in the near future.

Vegetable Puree Exports

Exports

In 2022, shipments abroad of vegetable puree decreased by -3.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 11% against the previous year. Over the period under review, the global exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable puree exports reduced to $X in 2022. The total export value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 11%. The global exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Italy was the main exporting country with an export of around X tons, which accounted for 27% of total exports. Spain (X tons) ranks second in terms of the total exports with an 8.6% share, followed by the Netherlands (6.6%), France (5.8%), Poland (4.9%), Bulgaria (4.7%) and Egypt (4.6%). The following exporters - the United States (X tons), Russia (X tons), Jordan (X tons), Germany (X tons), Jamaica (X tons) and Hungary (X tons) - together made up 20% of total exports.

Italy experienced a relatively flat trend pattern with regard to volume of exports of vegetable puree. At the same time, Jordan (+33.7%), Russia (+20.5%), the Netherlands (+10.1%), Jamaica (+8.6%), the United States (+6.4%), France (+5.7%), Egypt (+3.1%) and Hungary (+1.4%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in the world, with a CAGR of +33.7% from 2012-2022. Bulgaria and Spain experienced a relatively flat trend pattern. By contrast, Poland (-2.4%) and Germany (-4.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Russia, Jordan, France, the United States and Jamaica increased by +4, +3.2, +3.1, +2.3, +1.9 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest vegetable puree supplier worldwide, comprising 21% of global exports. The second position in the ranking was held by France ($X), with a 9.9% share of global exports. It was followed by Egypt, with a 5.8% share.

In Italy, vegetable puree exports expanded at an average annual rate of +4.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: France (+7.6% per year) and Egypt (+4.3% per year).

Export Prices by Country

In 2022, the average vegetable puree export price amounted to $X per ton, falling by -6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 12%. The global export price peaked at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+9.6%), while the other global leaders experienced more modest paces of growth.

Vegetable Puree Imports

Imports

In 2022, supplies from abroad of vegetable puree decreased by -7.5% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of global imports remained at a lower figure.

In value terms, vegetable puree imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 17% against the previous year. Global imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X tons) and Belgium (X tons) represented roughly 32% of total imports in 2022. It was distantly followed by the UK (X tons) and Germany (X tons), together creating a 14% share of total imports. The following importers - Italy (X tons), France (X tons), Romania (X tons), Austria (X tons), the Netherlands (X tons), Canada (X tons), Kazakhstan (X tons), Yemen (X tons) and Sweden (X tons) - together made up 23% of total imports.

From 2012 to 2022, the biggest increases were recorded for Yemen (with a CAGR of +29.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest vegetable puree importing markets worldwide were Belgium ($X), the UK ($X) and Russia ($X), with a combined 35% share of global imports. Canada, Germany, Italy, Austria, the Netherlands, France, Romania, Sweden, Kazakhstan and Yemen lagged somewhat behind, together comprising a further 32%.

Canada, with a CAGR of +30.1%, recorded the highest rates of growth with regard to 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 vegetable puree import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 12% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Yemen ($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 (+6.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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