Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Vietnam - 2022

Contents:

  1. Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Vietnam (CIF) - 2022
  2. Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Vietnam (FOB) - 2022
  3. Imports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Vietnam
  4. Exports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Vietnam

Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Vietnam (CIF) - 2022

The average import price for fresh or chilled lettuce, other than cabbage lettuce stood at $2,418 per ton in 2022, remaining constant against the previous year. Over the period under review, the import price, however, posted measured growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 9.9% against the previous year. As a result, import price reached the peak level of $2,419 per ton, leveling off in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,418 per ton), while the price for Australia totaled $2,418 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.5%).

Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Vietnam (FOB) - 2022

The average export price for fresh or chilled lettuce, other than cabbage lettuce stood at $2,052 per ton in 2022, rising by 2.6% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 18%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($2,102 per ton) and Singapore ($2,089 per ton), while the average price for exports to Malaysia ($2,038 per ton) and South Korea ($2,039 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Vietnam

For the fourth year in a row, Vietnam recorded growth in purchases abroad of fresh or chilled lettuce, other than cabbage lettuce, which increased by 113% to 1.5K tons in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 354%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of fresh or chilled lettuce, other than cabbage lettuce skyrocketed to $3.5M in 2022. In general, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 399% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

Import of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China98.02521,5353,449227.7%
AustraliaN/A75.911771.3-3.1%
Others1.23.31.23.948.1%
Total99.23321,6533,525228.8%

Top Suppliers of Fresh or Chilled Lettuce, Other than Cabbage Lettuce to Vietnam in 2022:

  1. China (1426.5 tons)
  2. Australia (29.5 tons)

Exports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Vietnam

In 2022, overseas shipments of fresh or chilled lettuce, other than cabbage lettuce decreased by -31.4% to 123 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 160% against the previous year. As a result, the exports attained the peak of 179 tons, and then dropped remarkably in the following year.

In value terms, exports of fresh or chilled lettuce, other than cabbage lettuce dropped notably to $252K in 2022. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 180% against the previous year. As a result, the exports attained the peak of $358K, and then plummeted in the following year.

Export of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MalaysiaN/A7.430.3168376.5%
SingaporeN/AN/A4.341.5865.1%
United States18.211.317.321.86.2%
South Korea68.210627013.3-42.0%
Taiwan (Chinese)N/AN/A0.97.5733.3%
Lao People's Democratic RepublicN/AN/A34.7N/A0%
Others2.63.40.8N/A-44.5%
Total88.912835825241.5%

Top Export Markets for Fresh or Chilled Lettuce, Other than Cabbage Lettuce from Vietnam in 2022:

  1. Malaysia (82.4 tons)
  2. Singapore (19.9 tons)
  3. United States (10.4 tons)
  4. South Korea (6.5 tons)
  5. Taiwan (Chinese) (3.7 tons)

Source: IndexBox Market Intelligence Platform

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