Job Offers

Specials more

Top 5 -yesterday

Top 5 -last week

Top 5 -last month

Potato consumption growth in China and India shapes overall trend

World vegetable market generated $1,249.8 bln in 2018

According to the new "World - Vegetable - Market Analysis, Forecast, Size, Trends and Insights" report, the global vegetable market revenue amounted to $1,249.8B in 2018, picking up by 2.4% 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).

The market value increased at an average annual rate of +4.1% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010, with an increase of 8.1% against the previous year. Global vegetable consumption peaked in 2018, and is likely to continue its growth in the immediate term.

Production 2007-2018
Global vegetable production stood at 1,555M tonnes in 2018, jumping by 3.2% against the previous year. The total output volume increased at an average annual rate of +2.8% over the period from 2007 to 2018.

Exports 2007-2018
In 2018, approx. 47M tonnes of vegetables were exported worldwide; standing approx. at the previous year. The total export volume increased at an average annual rate of +1.7% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. In value terms, vegetable exports amounted to $42.3B (estimates) in 2018.

Exports by Country
The Netherlands (6.1M tonnes), Mexico (5.8M tonnes), Spain (5.1M tonnes), China (4.3M tonnes), France (3.5M tonnes), Germany (2.7M tonnes) and the U.S. (2.4M tonnes) represented roughly 64% of total exports of vegetables in 2018. The following exporters - Canada (1.4M tonnes), Belgium (1.3M tonnes), India (1.2M tonnes), Egypt (1.1M tonnes) and Italy (864K tonnes) - together made up 13% of total exports.

Click here for the full article.

Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

© 2020

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber