Price for Vegetable Products Not Elsewhere Specified or Included in Japan - 2024
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in Japan (CIF) - 2024
- Price for Vegetable Products Not Elsewhere Specified or Included in Japan (FOB) - 2022
- Imports of Vegetable Products Not Elsewhere Specified or Included in Japan
- Exports of Vegetable Products Not Elsewhere Specified or Included in Japan
Price for Vegetable Products Not Elsewhere Specified or Included in Japan (CIF) - 2024
In July 2023, the average import price for vegetable products not elsewhere specified or includeds amounted to $175 per ton, dropping by -2.5% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 12% against the previous month. As a result, import price reached the peak level of $196 per ton. From June 2023 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Sri Lanka ($468 per ton), while the price for Malaysia ($155 per ton) was amongst the lowest.
From February 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Vegetable Products Not Elsewhere Specified or Included in Japan (FOB) - 2022
In 2022, the average export price for vegetable products not elsewhere specified or includeds amounted to $3,918 per ton, with an increase of 64% against the previous year. In general, the export price, however, recorded a pronounced reduction. The export price peaked at $5,910 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($7,075 per ton), while the average price for exports to China ($1,087 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetable Products Not Elsewhere Specified or Included in Japan
For the fourth year in a row, Japan recorded growth in overseas purchases of vegetable products not elsewhere specified or includeds, which increased by 19% to 2.3M tons in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of vegetable products not elsewhere specified or includeds soared to $422M in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 51% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Vegetable Products Not Elsewhere Specified or Included in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 47.7 | 105 | 198 | 255 | 74.9% |
| Malaysia | 43.5 | 43.1 | 57.2 | 92.9 | 28.8% |
| Sri Lanka | 14.2 | 15.1 | 16.3 | 18.6 | 9.4% |
| Others | 58.6 | 50.3 | 50.9 | 55.4 | -1.9% |
| Total | 164 | 214 | 323 | 422 | 37.0% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Japan in 2022:
- Indonesia (1614.1K tons)
- Malaysia (629.9K tons)
- Sri Lanka (56.6K tons)
Exports of Vegetable Products Not Elsewhere Specified or Included in Japan
In 2022, overseas shipments of vegetable products not elsewhere specified or includeds decreased by -62.4% to 297 tons, falling for the second consecutive year after two years of growth. Overall, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2020 when exports increased by 11% against the previous year. As a result, the exports reached the peak of 925 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of vegetable products not elsewhere specified or includeds fell significantly to $1.2M in 2022. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 8.9% against the previous year. As a result, the exports attained the peak of $1.9M, and then reduced notably in the following year.
| Export of Vegetable Products Not Elsewhere Specified or Included in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 144 | 530 | 575 | 168 | 5.3% |
| Taiwan (Chinese) | 225 | 275 | 327 | 141 | -14.4% |
| South Korea | 36.2 | 22.0 | 57.0 | 130 | 53.1% |
| Indonesia | 154 | 162 | 146 | 86.5 | -17.5% |
| India | 48.6 | 53.2 | 51.8 | 73.0 | 14.5% |
| Hong Kong SAR | 467 | 245 | 52.5 | 19.3 | -65.4% |
| Others | 757 | 450 | 683 | 556 | -9.8% |
| Total | 1,831 | 1,738 | 1,892 | 1,174 | -13.8% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Japan in 2022:
- China (154.2 tons)
- Indonesia (41.9 tons)
- South Korea (41.7 tons)
- Taiwan (Chinese) (24.1 tons)
- India (10.3 tons)
- Hong Kong SAR (4.8 tons)
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