Asia-Pacific: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Asia-Pacific

In 2020, after five years of growth, there was decline in the Asia-Pacific prepared frozen vegetable market, when its value decreased by -X% to $X. The total consumption indicated a tangible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the market reached the peak level at $X in 2019, and then shrank modestly in the following year.

Prepared Frozen Vegetable Production in Asia-Pacific

In value terms, prepared frozen vegetable production reached $X in 2020 estimated in export prices. The total production indicated perceptible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2013 indices. The growth pace was the most rapid in 2011 when the production volume increased by X% y-o-y. The level of production peaked in 2020 and is expected to retain growth in the near future.

Production By Country in Asia-Pacific

The country with the largest volume of prepared frozen vegetable production was China (X tons), accounting for X% of total volume. Moreover, prepared frozen vegetable production in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. Indonesia (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in China amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Indonesia (+X% per year).

Prepared Frozen Vegetable Exports

Exports in Asia-Pacific

In 2020, shipments abroad of frozen vegetables and mixtures of vegetables (prepared or preserved) increased by X% to X tons, rising for the seventh consecutive year after two years of decline. Total exports indicated a tangible expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. 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 most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in years to come.

In value terms, prepared frozen vegetable exports declined to $X in 2020. Total exports indicated prominent 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, exports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. The level of export peaked at $X in 2019, and then shrank in the following year.

Exports by Country

China dominates prepared frozen vegetable exports structure, finishing at X tons, which was near X% of total exports in 2020. It was distantly followed by India (X tons) and Vietnam (X tons), together comprising a X% share of total exports. Thailand (X tons) and Taiwan (Chinese) (X tons) held a little share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2020. At the same time, Vietnam (+X%), India (+X%) and Taiwan (Chinese) (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +X% from 2007-2020. By contrast, Thailand (-X%) illustrated a downward trend over the same period. While the share of 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.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual rate of growth in terms of value in China amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

The prepared frozen vegetable export price in Asia-Pacific stood at $X per ton in 2020, with a decrease of -X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the export price increased by X% y-o-y. Over the period under review, export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Thailand ($X per ton), while China ($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-Pacific

In 2020, after four years of growth, there was significant decline in supplies from abroad of frozen vegetables and mixtures of vegetables (prepared or preserved), when their volume decreased by -X% to X tons. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at X tons in 2019, and then contracted in the following year.

In value terms, prepared frozen vegetable imports fell to $X in 2020. Total imports indicated notable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2019, and then declined in the following year.

Imports by Country

In 2020, Japan (X tons) was the key importer of frozen vegetables and mixtures of vegetables (prepared or preserved), achieving X% of total imports. It was distantly followed by Australia (X tons), generating a X% share of total imports. South Korea (X tons), Malaysia (X tons) and New Zealand (X tons) followed a long way behind the leaders.

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, Malaysia (+X%), Australia (+X%), New Zealand (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +X% from 2007-2020. While the share of Australia (+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 ($X) constitutes the largest market for imported frozen vegetables and mixtures of vegetables (prepared or preserved) in Asia-Pacific, comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In Japan, prepared frozen vegetable imports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Australia (+X% per year) and South Korea (+X% per year).

Import Prices by Country

The prepared frozen vegetable import price in Asia-Pacific stood at $X per ton in 2020, growing by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the import price increased by X% year-to-year. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2020.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :