Vinegar-Preserved Vegetable Market

The article discusses the projected growth of the global market for vegetables in vinegar other than potatoes from 2022 to 2030. It highlights the expected increase in consumption and market value, with a forecasted CAGR of +1.9% in volume and +3.8% in value over the period. Key countries such as Germany, China, and the United States are major consumers, producers, importers, and exporters of vinegar-preserved vegetables. There are notable trends in consumption, production, import, and export prices, with some countries experiencing significant growth rates. Overall, the market is anticipated to see steady growth in the coming years.

Market Forecast

Driven by increasing demand for vegetables in vinegar other than potatoes worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.9% for the period from 2022 to 2030, which is projected to bring the market volume to 4.3M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.8% for the period from 2022 to 2030, which is projected to bring the market value to $7.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Vegetables in Vinegar other than Potatoes

In 2022, consumption of vegetables in vinegar other than potatoes decreased by less than 0.1% to 3.7M tons for the first time since 2019, thus ending a two-year rising trend. The total consumption volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the consumption volume increased by 8.5%. Global consumption peaked at 3.7M tons in 2021, and then dropped in the following year.

The global vinegar-preserved vegetable market value reached $5.7B in 2022, rising by 2.3% 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 +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 7.4% against the previous year. Over the period under review, the global market attained the peak level in 2022 and is expected to retain growth in years to come.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Germany (567K tons), China (308K tons) and the United States (261K tons), together comprising 31% of global consumption. Vietnam, India, Spain, the UK, Italy, Thailand, Russia, Canada, Taiwan (Chinese) and Mexico lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Mexico (with a CAGR of +45.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($1B) led the market, alone. The second position in the ranking was taken by China ($505M). It was followed by the United States.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: China (+1.6% per year) and the United States (+6.2% per year).

The countries with the highest levels of vinegar-preserved vegetable per capita consumption in 2022 were Germany (6.8 kg per person), Spain (4.2 kg per person) and Taiwan (Chinese) (3 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Mexico (with a CAGR of +43.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Vegetables in Vinegar other than Potatoes

Global vinegar-preserved vegetable production totaled 3.7M tons in 2022, growing by 2.8% compared with the year before. The total output volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 4.8% against the previous year. Global production peaked in 2022 and is likely to see steady growth in years to come.

In value terms, vinegar-preserved vegetable production fell modestly to $11.6B in 2022 estimated in export price. In general, production recorded a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 55% against the previous year. Over the period under review, global production attained the maximum level at $26.3B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Germany (554K tons), China (386K tons) and India (385K tons), together comprising 36% of global production. Turkey, Vietnam, Spain, Mexico, Italy, Thailand, Egypt, the UK, Iran and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +10.7%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Vegetables in Vinegar other than Potatoes

In 2022, global vinegar-preserved vegetable imports was estimated at 1.7M tons, almost unchanged from the previous year. The total import volume increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 9.6% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, vinegar-preserved vegetable imports stood at $2.5B in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 8.4% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports By Country

In 2022, the United States (371K tons), distantly followed by Germany (185K tons), Russia (115K tons), the UK (105K tons), Canada (100K tons) and the Netherlands (93K tons) represented the largest importers of vegetables in vinegar other than potatoes, together generating 55% of total imports. France (53K tons), Romania (42K tons), South Korea (39K tons), Spain (38K tons), Japan (35K tons), Poland (32K tons) and Australia (31K tons) took a minor share of total imports.

Imports into the United States increased at an average annual rate of +4.1% from 2012 to 2022. At the same time, Romania (+14.0%), South Korea (+8.1%), Poland (+8.1%), Germany (+4.6%), Spain (+3.6%), Australia (+2.4%), the UK (+2.3%) and the Netherlands (+1.1%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the world, with a CAGR of +14.0% from 2012-2022. France and Canada experienced a relatively flat trend pattern. By contrast, Japan (-1.6%) and Russia (-3.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, Germany and Romania increased by +3.4, +2.1 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vinegar-preserved vegetable importing markets worldwide were the United States ($546M), Germany ($278M) and the UK ($156M), together accounting for 39% of global imports. Canada, the Netherlands, Russia, France, Japan, Australia, Spain, Poland, Romania and South Korea lagged somewhat behind, together accounting for a further 31%.

Romania, with a CAGR of +13.6%, 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 global leaders experienced more modest paces of growth.

Import Prices By Country

The average vinegar-preserved vegetable import price stood at $1,447 per ton in 2022, growing by 2.6% against the previous year. In general, the import price saw a relatively flat trend pattern. 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 importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($2,208 per ton), while Russia ($836 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Vegetables in Vinegar other than Potatoes

In 2022, overseas shipments of vegetables in vinegar other than potatoes increased by 6.4% to 1.7M tons, rising for the sixth year in a row after two years of decline. The total export volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 9.6%. The global exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, vinegar-preserved vegetable exports amounted to $2.5B in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 16%. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports By Country

In 2022, Turkey (336K tons), distantly followed by India (175K tons), Germany (172K tons), Mexico (123K tons), the United States (109K tons), China (91K tons) and the Netherlands (83K tons) were the key exporters of vegetables in vinegar other than potatoes, together mixing up 65% of total exports. Poland (61K tons), Egypt (56K tons), Spain (47K tons), Peru (47K tons), Greece (41K tons) and Hungary (32K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Egypt (with a CAGR of +13.0%), while the other global leaders experienced more modest paces of growth.

In value terms, Turkey ($356M), Germany ($246M) and India ($203M) were the countries with the highest levels of exports in 2022, with a combined 33% share of global exports. Mexico, China, the United States, the Netherlands, Peru, Greece, Spain, Poland, Egypt and Hungary lagged somewhat behind, together accounting for a further 46%.

Egypt, with a CAGR of +11.0%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average vinegar-preserved vegetable export price stood at $1,458 per ton in 2022, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2014 an increase of 5.5%. Over the period under review, the average export prices attained the maximum at $1,458 per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Greece ($2,833 per ton), while Hungary ($1,046 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform