India: Market for Vegetables (Preserved, Frozen) 2024

Market Size for Vegetables (Preserved, Frozen) in India

The Indian preserved and frozen vegetable market reduced to $X in 2022, which is down by X% against the previous year. Overall, consumption faced a dramatic contraction. Preserved and frozen vegetable consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Vegetables (Preserved, Frozen) in India

In value terms, preserved and frozen vegetable production fell to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Vegetables (Preserved, Frozen)

Exports from India

For the eighth consecutive year, India recorded growth in overseas shipments of vegetables (preserved, frozen), which increased by X% to X tons in 2022. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, preserved and frozen vegetable exports surged to $X in 2022. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Philippines (X tons), Thailand (X tons) and the United States (X tons) were the main destinations of preserved and frozen vegetable exports from India, together comprising X% of total exports. The UK, Indonesia, Vietnam, Malaysia, the United Arab Emirates, Saudi Arabia, Taiwan (Chinese), South Africa, Australia and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Thailand ($X) and the United States ($X) appeared to be the largest markets for preserved and frozen vegetable exported from India worldwide, with a combined X% share of total exports. The UK, Indonesia, Vietnam, Malaysia, the United Arab Emirates, Australia, Saudi Arabia, Taiwan (Chinese), South Africa and China lagged somewhat behind, together accounting for a further X%.

Indonesia, with a CAGR of X.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average preserved and frozen vegetable export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, continues to indicate a perceptible contraction. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetables (Preserved, Frozen)

Imports into India

In 2022, overseas purchases of vegetables (preserved, frozen) increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a significant decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved and frozen vegetable imports expanded remarkably to $X in 2022. In general, imports, however, continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Belgium (X tons) and South Korea (X tons) were the main suppliers of preserved and frozen vegetable imports to India, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of vegetables (preserved, frozen) to India, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Belgium (X% per year).

Import Prices by Country

The average preserved and frozen vegetable import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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