Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in China - 2023
Contents:
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in China (FOB) - 2023
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in China (CIF) - 2023
- Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in China
- Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in China
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in China (FOB) - 2023
The average export price for vegetables (uncooked or cooked by steaming or boiling in water); frozen stood at $1,071 per ton in December 2023, with a decrease of -2.6% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average export price increased by 7.1% against the previous month. Over the period under review, the average export prices hit record highs at $1,197 per ton in January 2023; however, from February 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($2,111 per ton), while the average price for exports to South Korea ($783 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in China (CIF) - 2023
The average import price for vegetables (uncooked or cooked by steaming or boiling in water); frozen stood at $1,415 per ton in December 2023, with an increase of 3.2% 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 June 2023 an increase of 21% m-o-m. As a result, import price attained the peak level of $1,503 per ton. From July 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($3,090 per ton), while the price for India ($950 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Thailand (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in China
In 2022, overseas shipments of vegetables (uncooked or cooked by steaming or boiling in water); frozen increased by 6.5% to 1.1M tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of vegetables (uncooked or cooked by steaming or boiling in water); frozen stood at $1.3B in 2022. The total export value increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 477 | 473 | 514 | 570 | 6.1% |
| South Korea | 239 | 238 | 261 | 282 | 5.7% |
| United States | 117 | 113 | 94.7 | 121 | 1.1% |
| United Kingdom | 42.8 | 34.9 | 27.5 | 31.1 | -10.1% |
| Germany | 31.9 | 23.9 | 27.1 | 30.8 | -1.2% |
| Australia | 17.0 | 19.2 | 23.9 | 29.4 | 20.0% |
| Canada | 23.6 | 23.4 | 21.9 | 26.8 | 4.3% |
| Belgium | 24.0 | 14.2 | 17.5 | 25.4 | 1.9% |
| Taiwan (Chinese) | 12.4 | 11.2 | 13.1 | 17.0 | 11.1% |
| Russia | 22.3 | 16.5 | 13.3 | 10.8 | -21.5% |
| Others | 164 | 184 | 173 | 206 | 7.9% |
| Total | 1,171 | 1,151 | 1,188 | 1,349 | 4.8% |
Top Export Markets for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen from China in 2022:
- Japan (371.9K tons)
- South Korea (352.3K tons)
- United States (111.2K tons)
- United Kingdom (31.7K tons)
- Australia (26.1K tons)
- Canada (25.8K tons)
- Germany (19.6K tons)
- Belgium (18.4K tons)
- Taiwan (Chinese) (17.6K tons)
- Russia (9.7K tons)
Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in China
Imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen into China plummeted to 30K tons in 2022, which is down by -34.1% on the previous year. Overall, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 45%. As a result, imports reached the peak of 46K tons, and then shrank notably in the following year.
In value terms, imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen declined markedly to $39M in 2022. Over the period under review, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. As a result, imports reached the peak of $51M, and then reduced rapidly in the following year.
| Import of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 18.5 | 17.0 | 30.1 | 24.4 | 9.7% |
| United States | 19.3 | 14.1 | 12.5 | 10.1 | -19.4% |
| Thailand | 0.1 | 3.7 | 5.2 | 1.4 | 141.0% |
| Sweden | 1.1 | 0.8 | 0.7 | 1.3 | 5.7% |
| Spain | 0.7 | 0.4 | 2.1 | 1.3 | 22.9% |
| Others | 2.0 | 0.7 | 0.4 | 0.6 | -33.1% |
| Total | 41.7 | 36.7 | 50.9 | 39.1 | -2.1% |
Top Suppliers of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen to China in 2022:
- New Zealand (19.8K tons)
- United States (6.3K tons)
- Thailand (2.0K tons)
- Sweden (1.0K tons)
- Spain (0.8K tons)
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