Asia-Pacific: Leek Market 2024

Leek Market Size in Asia-Pacific

The Asia-Pacific leek market declined slightly to $X in 2023, remaining stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Leek Production in Asia-Pacific

In value terms, leek production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Indonesia (X tons) constituted the country with the largest volume of leek production, comprising approx. X% of total volume. Moreover, leek production in Indonesia exceeded the figures recorded by the second-largest producer, South Korea (X tons), fourfold. China (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2023, the average annual growth rate of volume in Indonesia was relatively modest. In the other countries, the average annual rates were as follows: South Korea (X% per year) and China (X% per year).

In 2023, the average leek yield in Asia-Pacific reached X tons per ha, remaining relatively unchanged against 2022 figures. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2015; however, from 2016 to 2023, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The leek harvested area contracted to X ha in 2023, approximately reflecting the year before. Overall, the harvested area, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to leek production reached the maximum at X ha in 2022, and then dropped slightly in the following year.

Leek Exports

Exports in Asia-Pacific

After two years of decline, overseas shipments of leeks and other alliaceous vegetables increased by X% to X tons in 2023. Total exports indicated a measured increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, leek exports soared to $X in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, reaching X tons, which was approx. X% of total exports in 2023. Malaysia (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the leeks and other alliaceous vegetables exports, with a CAGR of X% from 2012 to 2023. At the same time, Malaysia (X%) displayed positive paces of growth. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest leek supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports.

In China, leek exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price saw a noticeable slump. The growth pace was the most rapid in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while China amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%).

Leek Imports

Imports in Asia-Pacific

Leek imports skyrocketed to X tons in 2023, jumping by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, leek imports dropped slightly to $X in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Japan (X tons) was the main importer of leeks and other alliaceous vegetables, achieving X% of total imports. Vietnam (X tons) took the second position in the ranking, distantly followed by Thailand (X tons), South Korea (X tons), Singapore (X tons) and Malaysia (X tons). All these countries together took approx. X% share of total imports. Afghanistan (X tons) followed a long way behind the leaders.

Japan experienced a relatively flat trend pattern with regard to volume of imports of leeks and other alliaceous vegetables. At the same time, Vietnam (X%), Afghanistan (X%), Thailand (X%), Singapore (X%), South Korea (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. While the share of Vietnam (X p.p.), Thailand (X p.p.) and Afghanistan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported leeks and other alliaceous vegetables in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Japan stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Singapore (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, declining by X% against the previous year. In general, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform