Vegetable Market in China
In value terms, vegetable production contracted modestly to $ in estimated in export price. In general, production, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2010 with an increase of % against the previous year. Vegetable production peaked at $ in , and then declined modestly in the following year.
The average yield of vegetables in China reduced modestly to tonnes per ha in , waning by -% on the previous year's figure. The yield figure increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2008 when the yield increased by % against the previous year. The vegetable yield peaked at tonnes per ha in , and then shrank modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , the total area harvested in terms of vegetables production in China reached ha, standing approx. at figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when the harvested area increased by % against the previous year. The vegetable harvested area peaked at ha in 2015; however, from 2016 to , the harvested area failed to regain momentum.
The value of the vegetable market in China dropped slightly to $ in , which is down by -% 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). Over the period under review, consumption, however, showed a buoyant expansion. Over the period under review, the market hit record highs at $ in , and then contracted modestly in the following year.
From 2007 to , the average annual rate of growth in terms of the volume of consumption of fresh vegetables, nes amounted to +%. With regard to the other consumed products, the following average annual rates of growth were recorded: cucumbers and gherkins (+% per year) and tomatoes (+% per year).
In value terms, the most traded types of vegetables in China were fresh vegetables, nes ($), mushrooms and truffles ($) and cucumbers and gherkins ($), with a combined % share of the total market. Tomatoes, eggplants (aubergine), spinach, garlic, cabbage and other brassicas, peas (green), green beans, lettuce and chicory, chilies and peppers (green), onions and shallots, asparagus, cauliflower and broccoli, carrots and turnips, leguminous vegetables, nes and leeks and other alliaceous vegetables lagged somewhat behind, together accounting for a further %.
Cucumber and gherkin, with a CAGR of +%, saw the highest growth rate of market size, among the main consumed products over the period under review, while market for the other products experienced more modest paces of growth.