Asia: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Asia

The Asian prepared frozen vegetable market was estimated at $X in 2020, approximately mirroring the previous year. The total consumption indicated a perceptible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2008 indices. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level in 2020 and is likely to see gradual growth in the near future.

Prepared Frozen Vegetable Production in Asia

In value terms, prepared frozen vegetable production rose to $X in 2020 estimated in export prices. The total production indicated moderate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2008 indices. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, production hit record highs in 2020 and is expected to retain growth in the near future.

Production By Country in Asia

The country with the largest volume of prepared frozen vegetable production was China (X tons), comprising approx. X% of total volume. Moreover, prepared frozen vegetable production in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. The third position in this ranking was occupied by Indonesia (X tons), with a X% share.

In China, prepared frozen vegetable production expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: India (+X% per year) and Indonesia (+X% per year).

Prepared Frozen Vegetable Exports

Exports in Asia

In 2020, overseas shipments of frozen vegetables and mixtures of vegetables (prepared or preserved) increased by X% to X tons, rising for the seventh year in a row after two years of decline. Total exports indicated a pronounced increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2013 indices. The growth pace was the most rapid in 2009 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure in 2020 and are likely to see steady growth in years to come.

In value terms, prepared frozen vegetable exports declined to $X in 2020. Total exports indicated a prominent expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. The level of export peaked at $X in 2019, and then fell in the following year.

Exports by Country

China dominates prepared frozen vegetable exports structure, recording X tons, which was near X% of total exports in 2020. India (X tons) ranks second in terms of the total exports with a X% share, followed by Vietnam (X%). Thailand (X tons), Turkey (X tons), Taiwan (Chinese) (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to prepared frozen vegetable exports from China stood at +X%. At the same time, Vietnam (+X%), India (+X%), Taiwan (Chinese) (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. By contrast, Thailand (-X%) and Saudi Arabia (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Vietnam (+X p.p.) and India (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Thailand (-X p.p.) and Saudi Arabia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest prepared frozen vegetable supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2007 to 2020, the average annual growth rate of value in China amounted to +X%. In the other countries, the average annual rates were as follows: India (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

The prepared frozen vegetable export price in Asia stood at $X per ton in 2020, reducing by -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Thailand ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced more modest paces of growth.

Prepared Frozen Vegetable Imports

Imports in Asia

In 2020, overseas purchases of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. from 2019 to 2020, the growth imports failed to regain the momentum.

In value terms, prepared frozen vegetable imports declined to $X in 2020. Total imports indicated a temperate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Japan dominates prepared frozen vegetable imports structure, resulting at X tons, which was approx. X% of total imports in 2020. The United Arab Emirates (X tons) held the second position in the ranking, followed by Saudi Arabia (X tons). All these countries together took approx. X% share of total imports. South Korea (X tons), Malaysia (X tons), Jordan (X tons) and Oman (X tons) held a little share of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of frozen vegetables and mixtures of vegetables (prepared or preserved). At the same time, the United Arab Emirates (+X%), Malaysia (+X%), Saudi Arabia (+X%), Oman (+X%), Jordan (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. While the share of the United Arab Emirates (+X p.p.), Saudi Arabia (+X p.p.) and Malaysia (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported frozen vegetables and mixtures of vegetables (prepared or preserved) in Asia, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In Japan, prepared frozen vegetable imports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Saudi Arabia (+X% per year).

Import Prices by Country

In 2020, the prepared frozen vegetable import price in Asia amounted to $X per ton, increasing by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2012 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform

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