EU: Vegetable Product Market 2024

Vegetable Product Market Size in the EU

In 2022, the EU vegetable product market increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Vegetable Product Production in the EU

In value terms, vegetable product production rose rapidly to $X in 2022 estimated in export price. The total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The country with the largest volume of vegetable product production was Belgium (X tons), comprising approx. X% of total volume. Moreover, vegetable product production in Belgium exceeded the figures recorded by the second-largest producer, Portugal (X tons), fivefold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Belgium stood at X%. In the other countries, the average annual rates were as follows: Portugal (X% per year) and France (X% per year).

In 2022, the average vegetable product yield in the European Union was estimated at X tons per ha, almost unchanged from the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 when the yield increased by X%. Over the period under review, the vegetable product yield reached the maximum level at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of vegetable products production in the European Union fell modestly to X ha, remaining relatively unchanged against the previous year's figure. Over the period under review, the harvested area showed a mild reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Vegetable Product Exports

Exports in the EU

In 2022, the amount of vegetable products exported in the European Union rose remarkably to X tons, increasing by X% against the year before. Total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, vegetable product exports soared to $X in 2022. Overall, exports recorded strong growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Spain (X tons) was the main exporter of vegetable products, constituting X% of total exports. Portugal (X tons) held the second position in the ranking, distantly followed by France (X tons) and the Netherlands (X tons). All these countries together took near X% share of total exports. The following exporters - Germany (X tons), Poland (X tons) and Italy (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Spain ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. The Netherlands, Italy, Poland and France lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, surging by X% against the previous year. In general, the export price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the other leaders experienced more modest paces of growth.

Vegetable Product Imports

Imports in the EU

For the third year in a row, the European Union recorded growth in supplies from abroad of vegetable products, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, vegetable product imports surged to $X in 2022. Overall, imports saw a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

Italy (X tons), Germany (X tons) and Spain (X tons) represented roughly X% of total imports in 2022. It was distantly followed by the Netherlands (X tons), constituting a X% share of total imports. Poland (X tons), France (X tons), Belgium (X tons), Austria (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Germany ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Netherlands, Poland, France, Austria, Belgium and Hungary lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Austria, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 the European Union stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price enjoyed prominent growth. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Spain ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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