China: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in China

For the third consecutive year, the Chinese prepared frozen vegetable market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, the market reached the peak level in 2020 and is expected to retain growth in the immediate term.

Prepared Frozen Vegetable Production in China

In value terms, prepared frozen vegetable production totaled $X in 2020 estimated in export prices. In general, the total production indicated a noticeable 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, production increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2020 and is likely to continue growth in the near future.

Prepared Frozen Vegetable Exports

Exports from China

In 2020, overseas shipments 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. In general, total exports indicated a perceptible 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 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, prepared frozen vegetable exports declined slightly to $X in 2020. Over the period under review, total exports indicated a resilient increase 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, exports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Exports peaked at $X in 2019, and then dropped slightly in the following year.

Exports by Country

Japan (X tons) was the main destination for prepared frozen vegetable exports from China, accounting for a X% share of total exports. Moreover, prepared frozen vegetable exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was occupied by South Korea (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and South Korea (+X% per year).

In value terms, Japan ($X) remains the key foreign market for prepared frozen vegetable exports from China, comprising X% of total exports. The second position in the ranking was occupied by the United States ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Japan amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Taiwan (Chinese) (+X% per year).

Export Prices by Country

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

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Australia ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Frozen Vegetable Imports

Imports into China

In 2020, supplies from abroad of frozen vegetables and mixtures of vegetables (prepared or preserved) increased by X% to X tons, rising for the second consecutive year after four years of decline. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to see steady growth in the near future.

In value terms, prepared frozen vegetable imports skyrocketed to $X in 2020. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in the immediate term.

Imports by Country

Spain (X tons), Taiwan (Chinese) (X tons) and the Netherlands (X tons) were the main suppliers of prepared frozen vegetable imports to China, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared frozen vegetable suppliers to China were Spain ($X), Taiwan (Chinese) ($X) and Vietnam ($X), with a combined X% share of total imports. These countries were followed by Sweden, the Netherlands, the United States, Germany and Belgium, which together accounted for a further X the main suppliers, the Netherlands (+X% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average prepared frozen vegetable import price amounted to $X per ton, falling by -X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

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

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

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Source: IndexBox Platform

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