Eastern Asia: Cabbage Market 2024

Cabbage Market Size in Eastern Asia

The East Asian cabbage market reached $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Cabbage Production in Eastern Asia

In value terms, cabbage production expanded to $X in 2023 estimated in export price. The total production indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

The country with the largest volume of cabbage production was China (X tons), accounting for X% of total volume. Moreover, cabbage production in China exceeded the figures recorded by the second-largest producer, South Korea (X tons), more than tenfold. The third position in this ranking was held by Japan (X tons), with a X% share.

In China, cabbage production remained relatively stable over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: South Korea (X% per year) and Japan (X% per year).

In 2023, the average yield of cabbage and other brassicas in Eastern Asia reduced slightly to X tons per ha, remaining constant against 2022 figures. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the cabbage yield hit record highs at X tons per ha in 2018; however, from 2019 to 2023, 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 2023, the total area harvested in terms of cabbage and other brassicas production in Eastern Asia reached X ha, flattening at 2022 figures. Over the period under review, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2018; afterwards, it flattened through to 2023.

Cabbage Exports

Exports in Eastern Asia

After three years of decline, overseas shipments of cabbage and other brassicas increased by X% to X tons in 2023. Total exports indicated strong growth 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. Based on 2023 figures, exports decreased by X% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, cabbage exports declined to $X in 2023. Overall, exports showed a buoyant increase. The growth pace was the most rapid in 2014 with an increase of X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2023. South Korea (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the cabbage and other brassicas exports, with a CAGR of X% from 2012 to 2023. At the same time, South Korea (X%) displayed positive paces of growth. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Korea (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest cabbage supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

In China, cabbage exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China totaled $X per ton.

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

Cabbage Imports

Imports in Eastern Asia

For the third year in a row, Eastern Asia recorded decline in overseas purchases of cabbage and other brassicas, which decreased by X% to X tons in 2023. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, cabbage imports reduced slightly to $X in 2023. Over the period under review, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of $X. From 2017 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Hong Kong SAR dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2023. Taiwan (Chinese) (X tons) took the second position in the ranking, followed by Macao SAR (X tons). All these countries together held near X% share of total imports. Japan (X tons) and South Korea (X tons) followed a long way behind the leaders.

Imports into Hong Kong SAR decreased at an average annual rate of X% from 2012 to 2023. At the same time, Macao SAR (X%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%), South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Hong Kong SAR and Macao SAR increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported cabbage and other brassicas in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Macao SAR, with a X% share.

In Hong Kong SAR, cabbage imports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Macao SAR (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. Import price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cabbage import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2023 and is likely to see steady growth in the near future.

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 Taiwan (Chinese) ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform