Spinach market in South-eastern Asia

Earlier Report Observations

The fresh and chilled spinach market in South-eastern Asia experienced strong growth in volume from 244 thousand tons in 2018 to 305 thousand tons by 2021. This expansion was initially supported by retailers emphasizing fresh food and health-oriented ranges to meet changing consumer preferences. The most pronounced jump occurred in 2020 when COVID-19 lockdowns triggered stockpiling behavior, significantly increasing demand for fresh produce while factory and farm shutdowns constrained supply, contributing to a sharp 28% rise in market value to $805 million.

After the pandemic, market volume stabilized at around 305 thousand tons in 2022 and 2023, but the market's value continued to climb, reaching $879 million in 2023. This was fueled by enduring trends toward premium, organic, and plant-based foods, alongside growing consumer focus on sustainability and ethical sourcing. The expansion of e-commerce further supported access to fresh produce. However, the market began facing new pressures from climate change and disease outbreaks, which threatened supply chain stability and supported price levels despite the plateau in physical consumption.

Production spinach in South-eastern Asia

In kind, 2017-2020, K t

Top producers of spinach, 2017-2020

World map of production of spinach, 2017-2020

Spinach production in South-eastern Asia has increased for the third consecutive year. In 2020, the region produced 279.3 thousand tonnes of spinach, marking a robust 15.7% increase from the previous year. Between 2017 and 2020, production grew by 25.2%, which translates to an annualized growth rate of 7.8%.

Annual dynamics of production in South-eastern Asia in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Spinach production in South-eastern Asia has increased for the third consecutive year. In 2020, the output was valued at 789.7 million US dollars, showing an abrupt gain of 28.6% compared to the prior year. Over the period from 2017 to 2020, production increased by 44.1%, with a compound annual growth rate of 13.0%.

Annual dynamics of production in South-eastern Asia in value, 2017-2020, M $ US

Exports spinach from South-eastern Asia

Exports in kind, t

Spinach exports from South-eastern Asia have increased for the second consecutive year. In 2020, the region exported 1 776 tonnes of spinach, reflecting a 3.0% improvement from the previous year. Between 2017 and 2020, exports grew by 4.5%, with a compound annual growth rate of 1.5%. The lowest export volume was recorded in 2018 at 1 646 tonnes, which also saw the largest decline of 3.2%. In contrast, the largest increase occurred in 2019 with a 4.7% rise.

Annual dynamics of product's exports from South-eastern Asia in kind, 2017-2020, t

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from South-eastern Asia in kind, 2017-2020

Exports in value, K $ US

Spinach exports from South-eastern Asia have increased for the second consecutive year. In 2020, the region exported spinach worth 5 021 thousand US dollars, equivalent to a solid advance of 14.5% from a year earlier. Over the period from 2017 to 2020, exports increased by 20.3%, with a compound annual growth rate of 6.3%. The minimum value was recorded in 2018 at 3 990 thousand US dollars, which also experienced the largest decline of 4.4%.

Annual dynamics of product's exports from South-eastern Asia in value, 2017-2020, K $ US

From 2017 to 2020, the main share of spinach exports from South-eastern Asia in value terms went to Asia, not elsewhere specified, accounting for 1.2% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from South-eastern Asia in value, 2017-2020

Imports spinach to South-eastern Asia

Imports in kind, t

Spinach imports into South-eastern Asia have declined for the second consecutive year. In 2020, the region imported approximately 5 548 tonnes of spinach, reflecting a strong decline of 22.9% relative to the prior year. Between 2017 and 2020, imports increased by 20.2%, equating to an annualized growth rate of 6.3%. The highest import volume was recorded in 2018 at 7 265 tonnes, which also saw the largest increase of 57.5%.

Annual dynamics of product's imports to South-eastern Asia in kind, 2017-2020, t

From 2017 to 2020, China, Australia, and India were the main destinations for spinach imports into South-eastern Asia in volume terms. China accounted for 23.9% of imports, Australia for 2.1%, and India for 1.2%, together making up 27.3% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to South-eastern Asia in kind, 2017-2020

Imports in value, K $ US

Spinach imports into South-eastern Asia have increased for the third consecutive year. In 2020, the region imported spinach worth 20 227 thousand US dollars, which is 19.4% more compared to 2019. Between 2017 and 2020, imports increased by 34.2%, equating to an annualized growth rate of 10.3%.

Annual dynamics of product's imports to South-eastern Asia in value, 2017-2020, K $ US

From 2017 to 2020, China, Australia, and the Netherlands remained the principal suppliers of spinach to South-eastern Asia in value terms. China accounted for 40.5% of imports, Australia for 13.9%, and the Netherlands for 3.4%, jointly representing 57.8% of total imports.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to South-eastern Asia in value, 2017-2020