India - Frozen Vegetable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Vegetable Price in India - 2023
Contents:
- Frozen Vegetable Price in India (FOB) - 2022
- Frozen Vegetable Price in India (CIF) - 2022
- Frozen Vegetable Exports in India
- Frozen Vegetable Imports in India
Frozen Vegetable Price in India (FOB) - 2022
In 2022, the average frozen vegetable export price amounted to $1,197 per ton, growing by 39% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average export price increased by 44%. As a result, the export price attained the peak level of $1,364 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,137 per ton), while the average price for exports to Nepal ($343 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Vegetable Price in India (CIF) - 2022
The average frozen vegetable import price stood at $582 per ton in 2022, reducing by -72.2% against the previous year. In general, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 117%. The import price peaked at $3,013 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,366 per ton), while the price for Bangladesh ($126 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Vegetable Exports in India
For the fourth consecutive year, India recorded growth in shipments abroad of frozen vegetables, which increased by 0.4% to 182K tons in 2022. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 61%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, frozen vegetable exports soared to $217M in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Vegetable in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 2.8 | 7.0 | 17.2 | 38.9 | 140.4% |
| United States | 22.7 | 27.2 | 30.6 | 37.1 | 17.8% |
| Thailand | 18.7 | 23.9 | 20.7 | 26.8 | 12.7% |
| United Kingdom | 11.8 | 13.2 | 15.5 | 16.9 | 12.7% |
| Canada | 5.3 | 7.8 | 8.1 | 9.5 | 21.5% |
| Saudi Arabia | 8.1 | 9.1 | 6.0 | 9.2 | 4.3% |
| United Arab Emirates | 3.9 | 4.2 | 5.3 | 9.0 | 32.1% |
| Australia | 6.1 | 9.5 | 8.8 | 7.6 | 7.6% |
| Indonesia | 0.1 | 0.5 | 2.4 | 6.2 | 295.8% |
| Malaysia | 0.2 | 2.0 | 4.9 | 5.6 | 203.7% |
| Vietnam | N/A | 0.1 | 0.7 | 5.6 | 648.3% |
| Russia | 5.8 | 5.9 | 6.8 | 5.4 | -2.4% |
| Nepal | 2.0 | 3.3 | 5.4 | 4.5 | 31.0% |
| Others | 17.1 | 23.4 | 23.8 | 35.1 | 27.1% |
| Total | 104 | 137 | 156 | 217 | 27.8% |
Top Export Markets for Frozen Vegetable from India in 2022:
- Philippines (35.4K tons)
- Thailand (26.1K tons)
- United States (17.3K tons)
- Nepal (13.2K tons)
- Saudi Arabia (9.8K tons)
- United Kingdom (9.4K tons)
- United Arab Emirates (9.0K tons)
- Russia (6.6K tons)
- Indonesia (6.2K tons)
- Malaysia (5.6K tons)
- Canada (5.0K tons)
- Vietnam (4.9K tons)
- Australia (3.9K tons)
Frozen Vegetable Imports in India
In 2022, the amount of frozen vegetables imported into India soared to 3.4K tons, surging by 483% against 2021 figures. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen vegetable imports surged to $2M in 2022. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 79%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Frozen Vegetable in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 78.3 | 46.0 | 164 | 423 | 75.5% |
| Bangladesh | N/A | N/A | N/A | 324 | 0% |
| Thailand | 94.7 | 104 | 94.8 | 319 | 49.9% |
| Belgium | 68.0 | 66.1 | 183 | 193 | 41.6% |
| South Korea | 101 | 60.9 | 154 | 130 | 8.8% |
| Russia | N/A | N/A | N/A | 82.1 | 0% |
| Netherlands | 87.9 | 39.6 | 21.9 | 4.9 | -61.8% |
| Mozambique | 121 | N/A | 95.9 | N/A | -11.0% |
| Others | 729 | 361 | 499 | 488 | -12.5% |
| Total | 1,280 | 677 | 1,213 | 1,964 | 15.3% |
Top Suppliers of Frozen Vegetable to India in 2022:
- Bangladesh (2562.0 tons)
- China (215.2 tons)
- Belgium (120.6 tons)
- Thailand (108.2 tons)
- Russia (84.0 tons)
- South Korea (43.8 tons)
- Netherlands (1.5 tons)
This report provides an in-depth analysis of the frozen vegetable market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 473 - Vegetables, Frozen
- FCL 447 - Sweet Corn, Frozen
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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