Eastern Asia: Vegetable And Melon Market 2024

Vegetable And Melon Market Size in Eastern Asia

In 2023, the East Asian vegetable and melon market decreased by X% to $X for the first time since 2015, thus ending a seven-year rising trend. The total consumption indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2012 indices. Over the period under review, the market reached the peak level at $X in 2022, and then contracted slightly in the following year.

Vegetable And Melon Production in Eastern Asia

In value terms, vegetable and melon production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

China (X tons) remains the largest vegetable and melon producing country in Eastern Asia, accounting for X% of total volume. It was followed by Japan (X tons), with a X% share of total production.

From 2012 to 2023, the average annual rate of growth in terms of volume in China stood at X%.

In 2023, the average yield of vegetables and melons in Eastern Asia contracted to X tons per ha, almost unchanged from the previous year's figure. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2023, the growth of the vegetable and melon yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the vegetable and melon harvested area in Eastern Asia totaled X ha, almost unchanged from 2022 figures. In general, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the harvested area reached the peak level of X ha; afterwards, it flattened through to 2023.

Vegetable And Melon Exports

Exports in Eastern Asia

In 2023, exports of vegetables and melons in Eastern Asia soared to X tons, with an increase of X% on the year before. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vegetable and melon exports skyrocketed to $X in 2023. Total exports indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from China (X tons), together reaching X% of total export.

China was also the fastest-growing in terms of the vegetables and melons exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest vegetable and melon supplier in Eastern Asia.

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Vegetable And Melon Imports

Imports in Eastern Asia

In 2023, purchases abroad of vegetables and melons decreased by X% to X tons, falling for the fifth consecutive year after four years of growth. In general, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, vegetable and melon imports reduced to $X in 2023. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Hong Kong SAR (X tons) and Japan (X tons) were the key importers of vegetables and melons in 2023, reaching approx. X% and X% of total imports, respectively. South Korea (X tons) ranks next in terms of the total imports with a X% share, followed by Taiwan (Chinese) (X%) and China (X%). Macao SAR (X tons) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Macao SAR (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest vegetable and melon importing markets in Eastern Asia were Hong Kong SAR ($X), Japan ($X) and South Korea ($X), together comprising X% of total imports. Taiwan (Chinese), Macao SAR and China lagged somewhat behind, together comprising a further X%.

Macao SAR, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform