Eastern Asia: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Eastern Asia

The East Asian prepared frozen vegetable market rose modestly to $X in 2020, picking up by X% against the previous year. The market value increased at an average annual rate of +X% 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 hit record highs in 2020 and is expected to retain growth in the immediate term.

Prepared Frozen Vegetable Production in Eastern Asia

In value terms, prepared frozen vegetable production rose rapidly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, 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% year-to-year. The level of production peaked in 2020 and is likely to see steady growth in years to come.

Production By Country in Eastern Asia

China (X tons) remains the largest prepared frozen vegetable producing country in Eastern Asia, comprising approx. X% of total volume. Moreover, prepared frozen vegetable production in China exceeded the figures recorded by the second-largest producer, South Korea (X tons), more than tenfold. The third position in this ranking was occupied by Japan (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: South Korea (+X% per year) and Japan (+X% per year).

Prepared Frozen Vegetable Exports

Exports in Eastern Asia

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 noticeable expansion 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 most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. The volume of export peaked in 2020 and is expected to retain growth in years to come.

In value terms, prepared frozen vegetable exports contracted slightly to $X in 2020. Total exports indicated resilient 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, exports increased by +X% against 2013 indices. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. The level of export peaked at $X in 2019, and then contracted 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. Taiwan (Chinese) (X tons) took a minor share of total exports.

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, Taiwan (Chinese) (+X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2007-2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual rate of growth in terms of value in China stood at +X%.

Export Prices by Country

The prepared frozen vegetable export price in Eastern Asia stood at $X per ton in 2020, dropping by -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of 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.

Prices varied noticeably by the country of origin; the country with the highest price was Taiwan (Chinese) ($X per ton), while China stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Prepared Frozen Vegetable Imports

Imports in Eastern Asia

In 2020, after two 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 showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, prepared frozen vegetable imports reduced to $X in 2020. Total imports indicated a temperate expansion from 2007 to 2020: its value decreased 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 most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019, and then contracted in the following year.

Imports by Country

Japan prevails in prepared frozen vegetable imports structure, finishing at X tons, which was approx. X% of total imports in 2020. It was distantly followed by South Korea (X tons), achieving a X% 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, South Korea (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of South Korea increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual rate of growth in terms of value in Japan amounted to +X%.

Import Prices by Country

In 2020, the prepared frozen vegetable import price in Eastern Asia amounted to $X per ton, almost unchanged from the previous year. Import price indicated moderate growth from 2007 to 2020: its price 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, prepared frozen vegetable import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2012 when the import price increased by X% y-o-y. Over the period under review, import prices reached the peak figure 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 South Korea amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :