Pakistan: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Pakistan

In 2020, the Pakistani prepared frozen vegetable market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, the total consumption indicated a moderate 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 decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2015 to 2020, the growth of the market failed to regain the momentum.

Prepared Frozen Vegetable Production in Pakistan

In value terms, prepared frozen vegetable production reduced to $X in 2020 estimated in export prices. In general, production, however, saw a temperate expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. from 2015 to 2020, production growth remained at a somewhat lower figure.

Prepared Frozen Vegetable Exports

Exports from Pakistan

In 2020, overseas shipments of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tons in 2019, and then reduced remarkably in the following year.

In value terms, prepared frozen vegetable exports fell dramatically to $X in 2020. Over the period under review, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Exports peaked at $X in 2019, and then dropped rapidly in the following year.

Exports by Country

The United States (X tons) was the main destination for prepared frozen vegetable exports from Pakistan, with a X% share of total exports. Moreover, prepared frozen vegetable exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), threefold. Belgium (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Belgium (+X% per year).

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

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

Export Prices by Country

In 2020, the average prepared frozen vegetable export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price, however, enjoyed slight growth. The pace of growth was the most pronounced in 2010 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Japan ($X per ton), while the average price for exports to Belgium ($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 the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.

Prepared Frozen Vegetable Imports

Imports into Pakistan

After two years of decline, overseas purchases of frozen vegetables and mixtures of vegetables (prepared or preserved) increased by X% to X tons in 2020. Overall, imports saw buoyant growth. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, prepared frozen vegetable imports surged to $X in 2020. Over the period under review, imports enjoyed a perceptible expansion. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Malaysia (X tons) constituted the largest supplier of prepared frozen vegetable to Pakistan, with a X% share of total imports. Moreover, prepared frozen vegetable imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (-X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of prepared frozen vegetable to Pakistan, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (-X% per year).

Import Prices by Country

The average prepared frozen vegetable import price stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced mixed trend patterns.

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Source: IndexBox Platform

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