India - Vegetables (Preserved And Frozen) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

India - Vegetables (Preserved And Frozen) - Market Analysis, Forecast, Size, Trends and Insights

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Price for Preserved and Frozen Vegetable in India - 2023

Contents:

  1. Price for Preserved and Frozen Vegetable in India (FOB) - 2023
  2. Price for Preserved and Frozen Vegetable in India (CIF) - 2022
  3. Exports of Preserved and Frozen Vegetable in India
  4. Imports of Preserved and Frozen Vegetable in India

Price for Preserved and Frozen Vegetable in India (FOB) - 2023

In September 2023, the average preserved and frozen vegetable export price amounted to $1,558 per ton, flattening at the previous month. Over the period under review, the export price recorded a modest increase. The most prominent rate of growth was recorded in January 2023 an increase of 16% m-o-m. As a result, the export price reached the peak level of $1,791 per ton. From February 2023 to September 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the United States ($3,492 per ton), while the average price for exports to Indonesia ($1,272 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Preserved and Frozen Vegetable in India (CIF) - 2022

In 2022, the average preserved and frozen vegetable import price amounted to $2,340 per ton, which is down by -10.1% against the previous year. In general, the import price, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 82%. Over the period under review, average import prices reached the maximum at $4,179 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 ($4,019 per ton), while the price for the Philippines ($819 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Preserved and Frozen Vegetable in India

In 2022, approx. 117K tons of vegetables (preserved, frozen) were exported from India; increasing by 45% against the year before. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 45%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, preserved and frozen vegetable exports skyrocketed to $152M in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Preserved and Frozen Vegetable in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Philippines2.86.917.238.9140.4%
Thailand19.124.721.326.812.0%
United States11.312.017.521.323.5%
United Kingdom8.18.510.612.515.6%
Indonesia0.10.52.46.1293.6%
VietnamN/A0.10.55.6648.3%
Malaysia0.11.02.55.0268.4%
United Arab Emirates0.70.60.94.585.9%
Saudi Arabia1.42.32.13.434.4%
Taiwan (Chinese)N/A0.10.23.4483.1%
South Africa1.71.11.72.310.6%
Others13.416.416.822.518.9%
Total58.574.493.815237.5%

Top Export Markets for Preserved and Frozen Vegetable from India in 2022:

  1. Philippines (35.4K tons)
  2. Thailand (26.1K tons)
  3. United States (7.3K tons)
  4. Indonesia (6.1K tons)
  5. United Kingdom (6.1K tons)
  6. Malaysia (4.9K tons)
  7. Vietnam (4.9K tons)
  8. United Arab Emirates (3.7K tons)
  9. Saudi Arabia (3.0K tons)
  10. Taiwan (Chinese) (2.3K tons)
  11. South Africa (2.3K tons)

Imports of Preserved and Frozen Vegetable in India

Preserved and frozen vegetable imports into India soared to 304 tons in 2022, with an increase of 21% against the previous year. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 62% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, preserved and frozen vegetable imports expanded markedly to $711K in 2022. Overall, imports, however, saw a slight contraction. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year.

Import of Preserved and Frozen Vegetable in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China78.832.616528353.1%
South Korea29.261.515513064.5%
Belgium66.066.618510717.5%
United States5.540.16.766.3129.3%
Thailand36.916.51.441.74.2%
Sri LankaN/AN/AN/A41.60%
PhilippinesN/AN/AN/A17.60%
United Arab Emirates21.112.22.65.1-37.7%
Netherlands36.935.716.34.9-49.0%
Japan30674.578.33.0-78.6%
United Kingdom73.571.49.81.4-73.3%
Indonesia74.636.8N/AN/A-50.7%
Others13.12.734.58.6-13.1%
Total742451655711-1.4%

Top Suppliers of Preserved and Frozen Vegetable to India in 2022:

  1. China (116.3 tons)
  2. Belgium (60.0 tons)
  3. South Korea (43.8 tons)
  4. Philippines (21.5 tons)
  5. Thailand (20.9 tons)
  6. United States (16.5 tons)
  7. Sri Lanka (13.1 tons)
  8. United Arab Emirates (4.7 tons)
  9. Netherlands (1.9 tons)
  10. United Kingdom (0.7 tons)
  11. Japan (0.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for preserved and frozen vegetable 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 475 - Vegetables, Preserved (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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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