Price of vegetables

In 2025, the vegetable price index is estimated at 175.2, rising at an estimated CAGR of 6.6% over the last five years. Market conditions in 2025 are marked by ongoing volatility driven by persistent supply chain disruptions and fluctuating demand. Weather events and geopolitical instability continue to play key roles in price variability. Demand for vegetables remains robust at both consumer and institutional levels, with supply factors emerging as the primary cause of price shifts. Although inflationary pressures have softened somewhat from the peaks of 2022, input costs and logistics constraints remain elevated, maintaining upward pressure on prices.

Between 2020 and 2025, the price of vegetables demonstrated significant volatility, shaped by a confluence of macroeconomic events and sector-specific challenges. The price index fell 5.2% in 2021 as the market adjusted from earlier pandemic disruptions, though shortages persisted as supply struggled to normalize with shifting consumption patterns. In 2022, the vegetable price index surged by 45.2%, primarily due to supply chain constraints, labor shortages and the outbreak of the conflict in Ukraine, which further disrupted logistics and drove up energy and input costs. This spike exemplified the sensitivity of vegetable prices to both international events and domestic bottlenecks. After the pronounced spike, the index fell 10.8% in 2023 as temporary supply shortages eased and production normalized, though prices remained above pre-pandemic levels. In 2024, prices rebounded by 11.1% due to renewed supply chain disruptions and continued strong demand. Throughout the period, weather volatility further contributed to price swings, as extreme conditions affected both domestic production and the availability of imported vegetables.

Broader macroeconomic trends, such as food inflation and shifts in consumer purchasing behavior, have also influenced the price of vegetables. The COVID-19 pandemic led to lasting changes in where and how vegetables were consumed, increasing demand at grocery retailers, while operational constraints and increased costs across the agricultural sector contributed to heightened price variability. Additionally, reduced acreage and finite agricultural land in key production areas have begun to constrain supply, compounding the upward movement in prices as the market responds to demographic and consumption trends.