Vegetables - Papua New Guinea

  • Papua New Guinea
  • Revenue in the Vegetables market amounts to US$575.80m in 2024. The market is expected to grow annually by 8.36% (CAGR 2024-2029).
  • In global comparison, most revenue is generated in China (US$159bn in 2024).
  • In relation to total population figures, per person revenues of US$54.75 are generated in 2024.
  • In the Vegetables market, volume is expected to amount to 455.60m kg by 2029. The Vegetables market is expected to show a volume growth of 4.8% in 2025.
  • The average volume per person in the Vegetables market is expected to amount to 35.8kg in 2024.

Key regions: Japan, United Kingdom, Philippines, India, Canada

 
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Analyst Opinion

The Vegetables Market in Papua New Guinea is experiencing subdued growth, influenced by factors such as limited access to quality seeds, fluctuating climate conditions, and varying consumer preferences for fresh versus processed options in the food sector.

Customer preferences:
Consumers in Papua New Guinea's Vegetables Market are increasingly prioritizing locally sourced, organic produce, reflecting a growing awareness of health and sustainability. This trend is influenced by cultural values that emphasize community support and traditional agricultural practices. Additionally, younger demographics are more inclined to explore diverse culinary options, driving demand for exotic vegetables. Evolving urban lifestyles also prompt a shift towards convenience, with pre-packaged and ready-to-cook vegetable options gaining traction among busy families and working professionals.

Trends in the market:
In Papua New Guinea's Vegetables Market, there is a notable shift towards the consumption of locally sourced and organic produce, driven by heightened health consciousness and sustainability concerns. This trend is particularly significant among younger consumers who are eager to embrace diverse culinary experiences, leading to an increased interest in exotic vegetable varieties. Furthermore, urbanization is influencing purchasing habits, as busy families and professionals seek convenience, resulting in a rise in demand for pre-packaged and ready-to-cook vegetable options. Industry stakeholders must adapt to these evolving preferences to remain competitive and cater to a more health-focused consumer base.

Local special circumstances:
In Papua New Guinea's Vegetables Market, unique geographical factors such as diverse climates and rich volcanic soil foster the growth of a wide range of vegetables, including native varieties not found elsewhere. Culturally, traditional agricultural practices and community-based farming play a crucial role, promoting the consumption of local produce. Regulatory frameworks also support organic farming initiatives, encouraging sustainable practices. These elements shape market dynamics, as consumers increasingly value freshness and cultural heritage, driving demand for locally grown, organic vegetables amidst a backdrop of urbanization and health trends.

Underlying macroeconomic factors:
The Vegetables Market in Papua New Guinea is significantly influenced by macroeconomic factors such as national economic stability, global trade dynamics, and fiscal policies aimed at agricultural development. The country's reliance on agriculture for economic growth and job creation fosters investment in the sector, enhancing productivity and market access for local farmers. Global trends, including rising demand for organic produce and health-conscious consumption, further stimulate local vegetable production. Additionally, government initiatives promoting sustainable agricultural practices and infrastructure development support market growth, as consumers increasingly seek fresh, locally sourced vegetables amidst growing urbanization and dietary shifts.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

Overview

  • Revenue
  • Volume
  • Price
  • Sales Channels
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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