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Latin America and the Caribbean - Frozen Vegetables And Mixtures Of Vegetables - Market Analysis, Forecast, Size, Trends And Insights
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Latin America and the Caribbean: Frozen Vegetables Market Overview 2021

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Frozen Vegetables Market Size in Latin America and the Caribbean

The Latin American frozen vegetables market amounted to $X in 2019, growing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of consumption peaked in 2019 and is likely to see steady growth in the near future.

Frozen Vegetables Production in Latin America and the Caribbean

In value terms, frozen vegetables production reached $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% y-o-y. Over the period under review, production attained the peak level in 2019 and is likely to see gradual growth in the immediate term.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of frozen vegetables production in 2019 were Mexico (X tonnes), Brazil (X tonnes) and Argentina (X tonnes), with a combined X% share of total production. Colombia, Venezuela, Peru, Ecuador, Guatemala, Chile, Cuba and the Dominican Republic lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Peru, while frozen vegetables production for the other leaders experienced more modest paces of growth.

Frozen Vegetables Exports

Exports in Latin America and the Caribbean

In 2019, shipments abroad of frozen vegetables and mixtures of vegetables increased by X% to X tonnes, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum in 2019 and are likely to continue growth in the near future.

In value terms, frozen vegetables exports rose notably to $X in 2019. The total export value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. The level of export peaked in 2019 and is expected to retain growth in years to come.

Exports by Country

Mexico was the key exporter of frozen vegetables and mixtures of vegetables in Latin America and the Caribbean, with the volume of exports recording X tonnes, which was approx. X% of total exports in 2019. Ecuador (X tonnes) took the second position in the ranking, followed by Guatemala (X tonnes). All these countries together took near X% share of total exports. Peru (X tonnes) and Chile (X tonnes) took a little share of total exports.

From 2007 to 2019, average annual rates of growth with regard to frozen vegetables exports from Mexico stood at +X%. At the same time, Ecuador (+X%) and Peru (+X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2019. Guatemala experienced a relatively flat trend pattern. By contrast, Chile (-X%) illustrated a downward trend over the same period. While the share of Mexico (+X p.p.) and Ecuador (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of Guatemala (-X p.p.) and Chile (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest frozen vegetables supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Ecuador ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Mexico amounted to +X%. In the other countries, the average annual rates were as follows: Ecuador (+X% per year) and Guatemala (+X% per year).

Export Prices by Country

The frozen vegetables export price in Latin America and the Caribbean stood at $X per tonne in 2019, almost unchanged from the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the export price increased by X% year-to-year. Over the period under review, export prices hit record highs in 2019 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Chile ($X per tonne), while Guatemala ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Chile, while the other leaders experienced more modest paces of growth.

Frozen Vegetables Imports

Imports in Latin America and the Caribbean

Frozen vegetables imports rose significantly to X tonnes in 2019, picking up by X% against 2018 figures. Total imports indicated resilient growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of import peaked in 2019 and is likely to continue growth in the near future.

In value terms, frozen vegetables imports rose rapidly to $X in 2019. Total imports indicated a buoyant increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2019 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2019, Mexico (X tonnes), distantly followed by Chile (X tonnes), Brazil (X tonnes), Colombia (X tonnes) and Uruguay (X tonnes) were the main importers of frozen vegetables and mixtures of vegetables, together generating X% of total imports. The following importers - Argentina (X tonnes) and the Dominican Republic (X tonnes) - each amounted to a X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uruguay, while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Chile ($X) and Brazil ($X) appeared to be the countries with the highest levels of imports in 2019, together comprising X% of total imports. These countries were followed by Colombia, Uruguay, Argentina and the Dominican Republic, which together accounted for a further X the main importing countries, Uruguay recorded the highest growth rate of 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 2019, the frozen vegetables import price in Latin America and the Caribbean amounted to $X per tonne, leveling off at the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, import prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. In 2019, major importing countries recorded the following prices: in Mexico ($X per tonne) and Colombia ($X per tonne), while Uruguay ($X per tonne) and Argentina ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen vegetables and mixtures of vegetables in LatAmerica and the Caribbean?
+
The countries with the highest volumes of frozen vegetables consumption in 2019 were Brazil (1.1M tonnes), Mexico (792K tonnes) and Argentina (318K tonnes), together comprising 58% of total consumption. These countries were followed by Colombia, Venezuela, Peru, Chile, Cuba, Ecuador, the Dominican Republic and Guatemala, which together accounted for a further 30%.
What are the largest producers of frozen vegetables and mixtures of vegetables in LatAmerica and the Caribbean?
+
The countries with the highest volumes of frozen vegetables production in 2019 were Mexico (1.1M tonnes), Brazil (1.1M tonnes) and Argentina (318K tonnes), with a combined 59% share of total production. Colombia, Venezuela, Peru, Ecuador, Guatemala, Chile, Cuba and the Dominican Republic lagged somewhat behind, together accounting for a further 30%.
What are the leading exporters of frozen vegetables and mixtures of vegetables in LatAmerica and the Caribbean?
+
In value terms, Mexico ($506M) remains the largest frozen vegetables supplier in Latin America and the Caribbean, comprising 58% of total exports. The second position in the ranking was occupied by Ecuador ($147M), with a 17% share of total exports. It was followed by Guatemala, with a 9.7% share.
What are the leading importers of frozen vegetables and mixtures of vegetables in LatAmerica and the Caribbean?
+
In value terms, Mexico ($41M), Chile ($26M) and Brazil ($22M) appeared to be the countries with the highest levels of imports in 2019, together accounting for 65% of total imports. Colombia, Uruguay, Argentina and the Dominican Republic lagged somewhat behind, together comprising a further 18%.
What is the average export price for frozen vegetables and mixtures of vegetables in LatAmerica and the Caribbean?
+
The frozen vegetables export price in Latin America and the Caribbean stood at $1,538 per tonne in 2019, standing approx. at the previous year.
What is the average import price for frozen vegetables and mixtures of vegetables in LatAmerica and the Caribbean?
+
In 2019, the frozen vegetables import price in Latin America and the Caribbean amounted to $1,137 per tonne, remaining relatively unchanged against the previous year.

Product coverage:
• Prodcom 10391100 - Frozen vegetables and mixtures of vegetables, uncooked or cooked by steaming or boiling in water (excluding potatoes)

This report provides an in-depth analysis of the frozen vegetables market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• Dominica
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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