South-Eastern Asia: Market for Vegetables (Preserved, Frozen) 2024

Market Size for Vegetables (Preserved, Frozen) in South-Eastern Asia

The Southeast Asian preserved and frozen vegetable market soared to $X in 2022, growing by X% against the previous year. Overall, consumption posted buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Vegetables (Preserved, Frozen) in South-Eastern Asia

In value terms, preserved and frozen vegetable production amounted to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Vegetables (Preserved, Frozen)

Exports in South-Eastern Asia

After two years of decline, shipments abroad of vegetables (preserved, frozen) increased by X% to X tons in 2022. Over the period under review, exports recorded a resilient expansion. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved and frozen vegetable exports skyrocketed to $X in 2022. Total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Vietnam (X tons) represented the main exporter of vegetables (preserved, frozen), achieving X% of total exports. Thailand (X tons) held the second position in the ranking, followed by Singapore (X tons) and Malaysia (X tons). All these countries together took approx. X% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to preserved and frozen vegetable exports from Vietnam stood at X%. At the same time, Singapore (X%), Indonesia (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest preserved and frozen vegetable supplying countries in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), together comprising X% of total exports. Singapore and Indonesia lagged somewhat behind, together accounting for a further X%.

Singapore, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price showed a noticeable decrease. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the export price figures.

Imports of Vegetables (Preserved, Frozen)

Imports in South-Eastern Asia

In 2022, preserved and frozen vegetable imports in South-Eastern Asia skyrocketed to X tons, increasing by X% against the previous year's figure. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, preserved and frozen vegetable imports soared to $X in 2022. Over the period under review, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Philippines (X tons), distantly followed by Malaysia (X tons), Indonesia (X tons), Thailand (X tons), Singapore (X tons) and Vietnam (X tons) represented the main importers of vegetables (preserved, frozen), together achieving X% of total imports.

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

In value terms, the largest preserved and frozen vegetable importing markets in South-Eastern Asia were the Philippines ($X), Malaysia ($X) and Indonesia ($X), with a combined X% share of total imports. Thailand, Singapore and Vietnam lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Singapore ($X per ton) and Malaysia ($X per ton), while Thailand ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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