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Best Import Markets for Vegetables

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Best Import Markets for Vegetables

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Vegetables are essential components of a healthy and balanced diet, providing us with essential nutrients and vitamins. While many countries have the capacity to grow their own vegetables, some rely heavily on imports to meet their domestic demand. In this article, we will explore the world’s top import markets for vegetables and delve into key statistics and figures.

Overview

According to data from the IndexBox market intelligence platform, the top 10 countries with the highest import value of vegetables in 2022 are as follows:

1. United States – $9.4 billion

2. Germany – $6.1 billion

3. China – $3.8 billion

4. United Kingdom – $3.8 billion

5. Canada – $3.3 billion

6. France – $3.2 billion

7. Netherlands – $2.9 billion

8. India – $2.0 billion

9. Belgium – $1.9 billion

10. Italy – $1.6 billion

Let’s explore further into these markets and their import trends.

1. United States

The United States leads the world in vegetable imports, with an impressive import value of $9.4 billion in 2022. The country’s high import demand is driven by the variety of vegetables consumed by its large population and the preference for year-round availability.

2. Germany

Germany ranks second, importing vegetables worth $6.1 billion in 2022. The country’s strong import market is fueled by the increasing demand for high-quality and diverse vegetables.

3. China

China, despite being one of the largest vegetable producers globally, still imports significant quantities of vegetables, valued at $3.8 billion in 2022. The demand for imported vegetables in China stems from the need for variety and seasonal availability.

4. United Kingdom

The United Kingdom shares the third position with China, also importing $3.8 billion worth of vegetables in 2022. Similar to other countries, the UK relies on imports to supplement its domestic production and meet consumer preferences.

5. Canada

Canada follows closely behind the UK and China, importing vegetables amounting to $3.3 billion in 2022. The country’s diverse climatic conditions and vast territory necessitate supplementary imports to maintain a year-round supply of fresh vegetables.

6. France

France is another significant market for vegetable imports, with a value of $3.2 billion in 2022. The country’s sophisticated culinary culture and preference for specific vegetable varieties contribute to its high import demand.

7. Netherlands

The Netherlands, known for its advanced horticultural practices, imports around $2.9 billion worth of vegetables, securing the seventh position on this list. Despite being a major exporter of vegetables, the country also relies on imports to cater to its diverse food preferences.

8. India

India, with its vast population and complex agricultural landscape, imports approximately $2.0 billion worth of vegetables. The country’s import market is driven by the need to supplement domestic production and fulfill the growing demand for vegetables.

9. Belgium

Belgium imports vegetables worth $1.9 billion, fulfilling its domestic requirements while catering to the preferences of its population. The country’s import market serves as a vital component of its overall vegetable supply chain.

10. Italy

Italy concludes the list of top import markets for vegetables, with an import value of $1.6 billion. The country, known for its rich culinary traditions, imports select vegetables to complement its domestic production and satisfy consumer demands.

Conclusion

These top 10 countries form the world’s best import markets for vegetables, showcasing the global demand and the reliance on imported produce to satisfy consumer preferences. The data provided by the IndexBox platform helps shed light on the magnitude of these markets and their role in the global vegetable trade.

It is important to note that the statistics and figures mentioned above are based on the data available for 2022 and might vary in subsequent years. For the most up-to-date and comprehensive market intelligence, refer to the IndexBox platform.

Source: IndexBox Market Intelligence Platform 

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Global Trade Daily, Imports/Exports, United states news

World’s Best Import Markets for Vegetables

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Vegetables are an essential part of our diets, providing vital nutrients and contributing to a healthy lifestyle. As the global demand for fresh and processed vegetables continues to rise, the import market for vegetables has become increasingly important. In this article, we will explore the top import markets for vegetables around the world, based on the Import Value of Vegetable data from the IndexBox market intelligence platform.

1. United States

The United States takes the lead as the world’s largest importer of vegetables, with an import value of $9.1 billion in 2022. The country’s large consumer market and diverse population contribute to the high demand for vegetables. The United States relies on imports to meet this demand, with a significant amount of vegetables coming from countries like Mexico, Canada, and the Netherlands.

2. Germany

Germany is the second-largest importer of vegetables, with an import value of $6.3 billion in 2022. The country’s strong economy and high per capita consumption of vegetables drive the demand for imports. Germany imports a wide range of vegetables, including tomatoes, cucumbers, and lettuce, from countries like Spain, the Netherlands, and Poland.

3. United Kingdom

The United Kingdom ranks third in terms of vegetable imports, with an import value of $3.6 billion in 2022. The country’s reliance on imports is due to its limited domestic production capabilities and high demand for vegetables. The United Kingdom imports a variety of vegetables, including onions, peppers, and carrots, from countries such as Spain, the Netherlands, and France.

4. France

France holds the fourth position in the world’s best import markets for vegetables, with an import value of $3.3 billion in 2022. The country’s culinary culture and emphasis on fresh produce contribute to the high demand for imports. France imports a wide range of vegetables, including potatoes, tomatoes, and lettuce, from countries like Spain, Italy, and Belgium.

5. Canada

Canada is the fifth-largest importer of vegetables, with an import value of $3.2 billion in 2022. The country’s harsh climate limits domestic vegetable production, leading to a significant reliance on imports. Canada imports a variety of vegetables, including carrots, broccoli, and onions, from countries such as the United States, Mexico, and China.

6. Netherlands

The Netherlands ranks sixth in terms of vegetable imports, with an import value of $2.8 billion in 2022. The country is known for its advanced agricultural sector and plays a crucial role as a hub for the distribution of vegetables to other European countries. The Netherlands imports a variety of vegetables, including tomatoes, bell peppers, and cucumbers, from countries like Spain, Belgium, and Germany.

7. Belgium

Belgium holds the seventh position as an import market for vegetables, with an import value of $1.8 billion in 2022. The country’s central location in Europe and well-established transport infrastructure make it a strategic import destination. Belgium imports a diverse range of vegetables, including lettuce, broccoli, and Brussels sprouts, from countries such as the Netherlands, France, and Spain.

8. Spain

Spain is the eighth-largest importer of vegetables, with an import value of $1.4 billion in 2022. Despite being a major vegetable producer, Spain also relies on imports to meet its domestic demand. The country imports a variety of vegetables, including cucumbers, zucchinis, and artichokes, from countries like the Netherlands, France, and Morocco.

9. Russia

Russia ranks ninth in terms of vegetable imports, with an import value of $1.3 billion in 2022. The country’s cold climate and limited agricultural capabilities lead to a significant reliance on imports. Russia imports a variety of vegetables, including tomatoes, cucumbers, and potatoes, from countries such as China, Turkey, and Belarus.

10. Italy

Italy completes the list of the world’s best import markets for vegetables, with an import value of $1.2 billion in 2022. Despite being known for its culinary traditions and agricultural heritage, Italy still relies on imports to meet its vegetable demand. The country imports various vegetables, including onions, tomatoes, and peppers, from countries such as Spain, the Netherlands, and Morocco.

These top import markets for vegetables play a crucial role in meeting the global demand for fresh and processed vegetables. They rely on imports from a wide range of countries to ensure an adequate supply of diverse vegetables throughout the year. The data from the IndexBox market intelligence platform offers valuable insights into the import values of these markets, guiding businesses and policymakers in making informed decisions.

Source: IndexBox Market Intelligence Platform 

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Archives, Global Trade Daily, Market insight

Frozen Vegetable Price in U.S. Averages $1,289 per Ton

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U.S. Frozen Vegetable Import Price per Ton August 2022

In August 2022, the frozen vegetable price per ton amounted to $1,289, rising by 3.7% against the previous month. Over the last seven months, it increased at an average monthly rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In August 2022, the country with the highest price was Mexico ($1,625 per ton), while the price for China ($931 per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Frozen Vegetable Import Prices by Type

Average prices varied noticeably amongst the major supplied products. In August 2022, the product with the highest price was frozen vegetables other than potato and corn ($1,411 per ton), while the price for frozen sweet corn ($1,212 per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by frozen sweet corn (+2.1%), while the prices for the other products experienced more modest paces of growth.

U.S. Frozen Vegetable Imports

Frozen vegetable imports into the United States contracted modestly to 164K tons in August 2022, with a decrease of -4% against the previous month. Overall, imports showed a perceptible decline. The most prominent rate of growth was recorded in March 2022 with an increase of 26% m-o-m. As a result, imports reached the peak of 245K tons. From April 2022 to August 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen vegetable imports dropped to $211M (IndexBox estimates) in August 2022. In general, imports showed a pronounced contraction. The growth pace was the most rapid in March 2022 when imports increased by 25% against the previous month. As a result, imports attained the peak of $297M. From April 2022 to August 2022, the growth of imports remained at a lower figure.

U.S. Frozen Vegetable Imports by Type

Frozen potatoes (102K tons), frozen vegetables other than potato and corn (60K tons) and frozen sweet corn (2.1K tons) were the main products of frozen vegetable imports to the United States.

From January 2022 to August 2022, the biggest increases were in frozen potato (with a CAGR of -1.5%), while purchases for the other products experienced a decline.

In value terms, the most traded types of frozen vegetables in the United States were frozen potatoes ($124M), frozen vegetables other than potato and corn ($84M) and frozen sweet corn ($2.5M).

U.S. Frozen Vegetable Imports by Country

In August 2022, Canada (93K tons) constituted the largest frozen vegetable supplier to the United States, accounting for a 57% share of total imports. Moreover, frozen vegetable imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (24K tons), fourfold. The third position in this ranking was taken by Belgium (13K tons), with an 8.2% share.

From January 2022 to August 2022, the average monthly growth rate of volume from Canada totaled -2.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-6.5% per month) and Belgium (-3.0% per month).

In value terms, Canada ($114M) constituted the largest supplier of frozen vegetable to the United States, comprising 54% of total imports. The second position in the ranking was taken by Mexico ($39M), with a 19% share of total imports. It was followed by Belgium, with a 7% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of value from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-5.3% per month) and Belgium (-0.7% per month).

Source: https://www.indexbox.io/blog/frozen-vegetable-price-per-ton-august-2022/

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Archives, Global Trade Daily, Market insight

Vegetable Glue Market is Expected to Grow from USD 52.2 Billion in 2021 to USD 72.5 Billion by 2029

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Vegetable Glue Market Size By Type (Powdery and Liquid), By Function (Decoration adhesive, Thickeners, and Others), By End-use (Food industry, Paper & Packaging, Construction, Woodworking, Personal Care, Medical, and Others), Regions, Segmentation, and projection till 2029

The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and Middle East and Africa. These are the key regions where the Vegetable Glue market is operating currently and is predicted to expand in the near future. The manufacturers and suppliers involved in the Vegetable Glue market is present across various countries in the above-mentioned regions.

The report provides detailed understanding of the market segments which have been formed by combining different prospects such as the product, route of administration, facility of use, and others. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs.

The significant players operating in the global Vegetable Glue market are AHenkel AG & Company, KGaA, DuPont de Nemours Inc., Arkema, Ashland Global Holdings Inc., Beardow Adams Group, Paramelt BV, Jowat SE, Ingredion Incorporated, EcoSynthetix Inc., Tate & Lyle PLC, among others. To achieve a substantial market share in the worldwide Vegetable Glue market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.

Vegetable glue is a glue made from vegetable material, especially by treating starch from cassava root. The starch used for making vegetable glue must contain alkali material in it. It is widely used in plywood and veneer products. The starch from corn, wheat, tapioca, etc., is boiled and treated with alkali to produce a clear and viscous liquid which is called vegetable glue. Vegetable glue is a liquid that is stored at room temperature and does not need to be heated while used. As vegetable glue remains soluble in water, even after drying, vegetable glue can be used for wallpaper paste. Vegetable glue is also called starch adhesives. It is widely used for paper products, paper bags (like grocery bags), corrugated boxes, wallpaper paste, tube winding (like a paper-towel roll), labeling, laminating, and envelopes. The increasing demand for vegetable glue from the packaging industry is expected to drive the market’s growth. Furthermore, the market is driven by increasing governmental policies and legislation to reduce environmental pollution and consumer awareness of biodegradable products.

Scope of Vegetable Glue Market Report

Report Metric Information
Study Period 2021-2029
Base Year             2021
Forecast Period 2022-2029
Market Share Unit USD Billion
Segments Covered Type, function, end-user, region
Regions Covered North America, Europe, Asia-Pacific, South America and Middle-East and Africa
Major Players AHenkel AG & Company, KGaA, DuPont de Nemours Inc., Arkema, Ashland Global Holdings Inc., Beardow Adams Group, Paramelt BV, Jowat SE, Ingredion Incorporated, EcoSynthetix Inc., Tate & Lyle PLC, among others

Segmentation Analysis

Powdery segment is expected to be the fastest growing segment in 2021.

The type segment includes powdery and liquid. The powdery segment are expected to witness the highest growth rate during the forecast period. The demand for powdery vegetable glue has been growing owing to its ease of use and storage. Furthermore, the powdery vegetable glue can be used for various applications such as packaging, wood, and home use, propelling the segment’s growth.

The decoration adhesives segment is expected to be the fastest-growing segment in 2021.

The application segment includes decoration adhesives, thickeners, and others The decoration adhesives segment is expected to witness the highest growth rate during the forecast period. Vegetable glue is widely used as decorative adhesive as there is rapid growth in the event management and organization sector. People nowadays prefer heavy decorations for every family function, whether marriages, anniversaries, birthday parties, etc. Vegetable glue can be easily used as decoration adhesive, which propels the segment’s growth.

The Paper & Packaging segment is expected to be the fastest-growing segment in 2021.

The end-user segment includes the food industry, paper & packaging, construction, woodworking, personal care, medical, and others. The paper & packaging segment is expected to witness the highest growth rate during the forecast period. Some of the paper & packaging application includes foil laminates, bags, disposables, labels, cartons, envelopes, and remoistenable products. Vegetable glue based on protein, dextrin, starch, and other green adhesives is widely used for bonding various consumer products, including certain packaging materials for food cartons or packets, envelopes & paper bags, and others propel the segment’s growth.

Regional Analysis                                                         

The regional analysis provides a detailed perception about the key regions and the countries. Some of the key countries analyzed for the Vegetable Glue include US, Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa and Saudi Arabia.

  • Asia Pacific region witnessed a major share. This is mainly attributed to regional construction companies’ increased adoption of vegetable glue for domestic and industrial use. Furthermore, the rising income levels and easy access to resources for making vegetable glue propel the market’s growth. The automotive & transportation industry is one of the major consumers of vegetable glue in the North American region. Europe is expected to witness a considerable growth rate during the projection period. The growth of vegetable glue in the region can be attributed to the growing demand for vegetable glue from the packaging industry.

Country Analysis

  • Germany

Germany’s Global Vegetable Glue market size was valued at USD 5.6 billion in 2021 and is expected to reach USD 7.5 billion by 2029, at a CAGR of 3.8% from 2022 to 2029.
Germany is one of Europe’s leading shareholders in the Global Vegetable Glue market. The vegetable glue market in Germany has been increasing owing to the tremendous growth in the packaging industry. The number of small-size and premium packaging from the UK’s F&B and personal care sectors increased, which propelled the market’s growth. E-retail businesses are also major end-users of packaging materials. In addition, Europe is looking to make the switch from plastic packaging to paper bags. All these factors are anticipated to raise the demand for vegetable glue in the country.

  • China

China’s Global Vegetable Glue market size was valued at USD 5.1 billion in 2021 and is expected to reach USD 7.8 billion by 2029, at a CAGR of 5.5% from 2022 to 2029. The growing market demand for vegetable glue from the packaging industry, owing to the increasing use of online shopping, propels the market’s growth in the country. Furthermore, vegetable glue is also widely used in the wood and construction industry adding impetus to the market’s growth over the forecast period.

  • India

India’s Global Vegetable Glue market size was valued at USD 5.8 billion in 2021 and is expected to reach USD 9.4 billion by 2029, at a CAGR of 6.3% from 2022 to 2029. India is one of the highest growing economies in the Asia Pacific region, which propel the market’s growth. Furthermore, the region has some prominent vegetable glue manufacturers, which impetus to the market’s growth. There is a rapid increase in online shopping, which increases the need for packaging goods and products for various brands, which increases the need for vegetable glue in the country.
Covid-19 Impact

Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.

Furthermore, the increasing demand for vegetable glue in the packaging industry and woodworking industries is expected to drive the market’s growth.

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American Vegetable Market Continues to Struggle with Pandemic-Related Disbalances

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IndexBox has just published a new report: ‘U.S. – Vegetable – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Fresh vegetable consumer prices in the U.S. increased somewhat noticeably in Q1 2021 but then decelerated in Q2, relaxing slightly against the ongoing food price rally. Owing to the spate of lockdowns and the restructuring of the supply chain, production growth has failed to keep pace with the robust demand spurred by the counter-pandemic financial support measures. Rising production costs and increasing demand for biofuel-oriented oil crops also contribute to tangible food inflation.

According to the USDA data, the average fresh vegetable consumer prices over Q1 2021 exceeded the prices of Q1 2020 by 1.3%, relaxing slightly to a +0.6% surplus in Q2 against the same period of the previous year.

Rising food prices are emerging as an important issue even outside of the vegetable market. The food-away-from-home consumer prices index sees a prominent increase, keeping its pace at +3.8% both in Q1 and Q2 against the same periods of 2020, respectively. Besides the mentioned disbalance on the market, rising demand for biofuels also propels food inflation. Soybean prices are currently seeing a rapid surge driven by the increased use of biofuel derived from soybean oil. In the medium term, this may shift investments from field crops to oil crops, contracting vegetable supply and thereby promoting price growth.

Despite rising prices, vegetable demand in the U.S. remains robust. The covid crisis resulted in a 2% decline in total vegetable production, which was estimated at 44.7M tonnes in 2020 (IndexBox estimates). Nevertheless, there was no dramatic shortage in the domestic market, as that drop was offset by a 2% increase in imports (to 8.1M tonnes in 2020) and a 3% decline in exports (to 2.5M tonnes).

Driven by the growing population, the U.S. vegetable market is forecast to reach 56M tonnes by 2030. The rather high vaccination rate in the U.S. provides an optimistic look to the potential ease of the pandemic in 2021, which will promote consumption in the HoReCa sector. Over 2021-22, however, rising inflation can offset a positive effect from the income support measures and hamper the market growth – an issue which yet requires to get a prominent answer from the government and monetary authorities.

U.S. Vegetable Exports by Country

Canada (1.8M tonnes) is the main destination for vegetable exports from the U.S., with a 73% share of the total shipments. Moreover, vegetable exports to Canada exceeded the volume sent to the second major destination, Mexico (327K tonnes), fivefold.

In value terms, Canada ($2.6B) remains the key foreign market for vegetable exports from the U.S., comprising 82% of total exports. The second position in the ranking was occupied by Mexico ($232M), with a 7.4% share of total exports.

The average vegetable export price stood at $1,273 per tonne in 2020, rising by 2.3% against the previous year. Over the last eight-year period, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2013, an increase of 7.9% year-to-year. The export price peaked in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($1,422 per tonne), while the average price for exports to Taiwan (Chinese) ($702 per tonne) was amongst the lowest.

U.S. Vegetable Imports by Country

In 2020, Mexico (6.1M tonnes) was the largest vegetable supplier to the U.S., accounting for a 75% share of total imports. Moreover, vegetable imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (1.4M tonnes), fourfold.

In value terms, Mexico ($7.3B) constituted the largest supplier of vegetables to the U.S., comprising 70% of total imports. The second position in the ranking was occupied by Canada ($1.9B), with an 18% share of total imports.

In 2020, the average vegetable import price amounted to $1,291 per tonne, picking up by 9% against the previous year. Over the last eight years, it increased at an average annual rate of +2.5%. As a result, import price reached the peak level and is likely to continue growing in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Peru ($1,760 per tonne), while the price for Mexico ($1,202 per tonne) was amongst the lowest.

Source: IndexBox AI Platform