Asia: Frozen Fruit Market 2022

Frozen Fruit Market Size in Asia

The Asian frozen fruit market stood at $X in 2021, with an increase of X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Frozen Fruit Production in Asia

In value terms, frozen fruit production rose slightly to $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Frozen Fruit Exports

Exports in Asia

In 2021, approx. X tons of frozen fruits were exported in Asia; picking up by X% against the previous year's figure. Total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, frozen fruit exports soared to $X in 2021. Over the period under review, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons), distantly followed by Malaysia (X tons), Thailand (X tons), Turkey (X tons), Vietnam (X tons) and India (X tons) were the major exporters of frozen fruits, together comprising X% of total exports. Israel (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Malaysia (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and China ($X) were the countries with the highest levels of exports in 2021, together accounting for X% of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, with an increase of X% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen fruit export price increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Thailand ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the other leaders experienced more modest paces of growth.

Frozen Fruit Imports

Imports in Asia

In 2021, approx. X tons of frozen fruits were imported in Asia; growing by X% against 2020. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen fruit imports soared to $X in 2021. Overall, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), distantly followed by Japan (X tons), South Korea (X tons), Thailand (X tons) and Saudi Arabia (X tons) were the main importers of frozen fruits, together generating X% of total imports. The following importers - Israel (X tons) and Turkey (X tons) - each reached a X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported frozen fruits in Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +X%. In the other countries, the average annual rates were as follows: Japan (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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