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World - Spinach - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGlobal Spinach Market: Anticipated CAGR of +3.6% Expected to Drive Market Volume to 41M Tons by 2030
IndexBox has just published a new report: World - Spinach - Market Analysis, Forecast, Size, Trends and Insights.
The global spinach market is expected to experience significant growth in both volume and value terms from 2023 to 2030. With a forecasted CAGR of +3.6% in volume and +5.8% in value, the market is projected to reach 41M tons and $82.5B by the end of 2030. This growth is attributed to the increasing demand for spinach worldwide.
Market Forecast
Driven by increasing demand for spinach worldwide, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.6% for the period from 2023 to 2030, which is projected to bring the market volume to 41M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.8% for the period from 2023 to 2030, which is projected to bring the market value to $82.5B (in nominal wholesale prices) by the end of 2030.
![Market Value (billion USD, nominal wholesale prices)](/landing/img/charts/spinach-world-market-overview-2023-840w.png)
Consumption
World Consumption of Spinach
Global spinach consumption stood at 32M tons in 2023, remaining constant against the year before. The total consumption volume increased at an average annual rate of +3.2% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at 32M tons in 2021; however, from 2022 to 2023, consumption remained at a lower figure.
The global spinach market value contracted slightly to $55.7B in 2023, which is down by -2.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a buoyant increase from 2013 to 2023: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by -5.4% against 2021 indices. As a result, consumption reached the peak level of $58.9B. From 2022 to 2023, the growth of the global market failed to regain momentum.
Consumption By Country
China (29M tons) remains the largest spinach consuming country worldwide, accounting for 92% of total volume.
From 2013 to 2023, the average annual growth rate of volume in China totaled +3.4%.
In value terms, China ($50B) led the market, alone.
In China, the spinach market increased at an average annual rate of +7.3% over the period from 2013-2023.
From 2013 to 2023, the average annual growth rate of the spinach per capita consumption in China stood at +3.0%.
Production
World Production of Spinach
In 2023, global spinach production was estimated at 32M tons, remaining constant against 2022 figures. The total output volume increased at an average annual rate of +3.2% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 5.4%. Over the period under review, global production hit record highs at 32M tons in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure. The general positive trend in terms output was largely conditioned by a perceptible increase of the harvested area and measured growth in yield figures.
In value terms, spinach production shrank to $63.1B in 2023 estimated in export price. Over the period under review, production enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. As a result, production attained the peak level of $67.4B. From 2022 to 2023, global production growth remained at a somewhat lower figure.
Production By Country
China (30M tons) remains the largest spinach producing country worldwide, comprising approx. 92% of total volume.
In China, spinach production expanded at an average annual rate of +3.4% over the period from 2013-2023.
Yield
The global average spinach yield amounted to 35 tons per ha in 2023, remaining constant against the previous year's figure. The yield figure increased at an average annual rate of +3.2% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when the yield increased by 11% against the previous year. Over the period under review, the average spinach yield attained the peak level at 35 tons per ha in 2021; however, from 2022 to 2023, the yield remained at a lower figure.
Harvested Area
The global spinach harvested area reached 920K ha in 2023, approximately equating 2022. In general, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 2.8% against the previous year. As a result, the harvested area reached the peak level of 944K ha. From 2015 to 2023, the growth of the global spinach harvested area remained at a lower figure.
Imports
World Imports of Spinach
In 2023, supplies from abroad of spinach decreased by -5.7% to 206K tons for the first time since 2020, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +2.6% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 15%. Global imports peaked at 219K tons in 2022, and then fell in the following year.
In value terms, spinach imports rose to $513M in 2023. Overall, total imports indicated prominent growth from 2013 to 2023: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +105.4% against 2013 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 14% against the previous year. Over the period under review, global imports attained the peak figure in 2023 and are likely to see steady growth in years to come.
Imports By Country
The countries with the highest levels of spinach imports in 2023 were Canada (31K tons), the UK (27K tons), the United States (27K tons), Belgium (18K tons), Germany (16K tons), Mexico (14K tons), Singapore (13K tons), the Netherlands (9.6K tons) and France (7.5K tons), together recording 80% of total import. The following importers - Poland (4.7K tons), Romania (4.1K tons) and Spain (3.9K tons) - each recorded a 6.1% share of total imports.
From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mexico (with a CAGR of +25.5%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($98M), Canada ($92M) and the UK ($68M) appeared to be the countries with the highest levels of imports in 2023, together accounting for 50% of global imports.
In terms of the main importing countries, the United States, with a CAGR of +28.6%, 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
In 2023, the average spinach import price amounted to $2,490 per ton, surging by 9.6% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +4.8%. The pace of growth was the most pronounced in 2020 an increase of 13% against the previous year. Over the period under review, average import prices attained the peak figure in 2023 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($3,621 per ton), while Belgium ($931 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.4%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Spinach
In 2023, approx. 352K tons of spinach were exported worldwide; jumping by 57% on 2022. Over the period under review, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, spinach exports soared to $855M in 2023. Overall, exports enjoyed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Exports By Country
China was the major exporting country with an export of about 133K tons, which amounted to 38% of total exports. It was distantly followed by the United States (44K tons), Spain (37K tons), Italy (36K tons), Mexico (31K tons), the Netherlands (23K tons) and Belgium (16K tons), together constituting a 53% share of total exports.
China was also the fastest-growing in terms of the spinach exports, with a CAGR of +38.1% from 2013 to 2023. At the same time, Italy (+14.2%), Mexico (+12.6%), Spain (+3.4%) and the United States (+2.7%) displayed positive paces of growth. Belgium and the Netherlands experienced a relatively flat trend pattern. From 2013 to 2023, the share of China, Italy and Mexico increased by +35, +4.2 and +2.7 percentage points, respectively.
In value terms, China ($357M) emerged as the largest spinach supplier worldwide, comprising 42% of global exports. The second position in the ranking was held by the United States ($119M), with a 14% share of global exports. It was followed by Italy, with a 13% share.
In China, spinach exports increased at an average annual rate of +52.3% over the period from 2013-2023. In the other countries, the average annual rates were as follows: the United States (+1.6% per year) and Italy (+15.2% per year).
Export Prices By Country
In 2023, the average spinach export price amounted to $2,425 per ton, with an increase of 7.5% against the previous year. Over the last decade, it increased at an average annual rate of +4.7%. The growth pace was the most rapid in 2015 when the average export price increased by 14% against the previous year. The global export price peaked in 2023 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 Italy ($3,150 per ton), while Belgium ($263 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (+13.4%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global spinach market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 373 - Spinach
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023