Southern Asia: Market for Frozen Fruits And Vegetables 2024

Market Size for Frozen Fruits And Vegetables in Southern Asia

The South Asian frozen fruits and vegetables market shrank slightly to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Frozen Fruits And Vegetables in Southern Asia

In value terms, frozen fruits and vegetables production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Frozen Fruits And Vegetables

Exports in Southern Asia

In 2022, shipments abroad of frozen fruits and vegetables decreased by X% to X tons, falling for the second consecutive year after five years of growth. Overall, exports, however, continue to indicate tangible growth. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen fruits and vegetables exports surged to $X in 2022. Over the period under review, exports, however, recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. Pakistan (X tons) held a relatively small share of total exports.

India was also the fastest-growing in terms of the frozen fruits and vegetables exports, with a CAGR of X% from 2012 to 2022. Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest frozen fruits and vegetables supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, picking up by X% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price 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, frozen fruits and vegetables export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Imports of Frozen Fruits And Vegetables

Imports in Southern Asia

In 2022, supplies from abroad of frozen fruits and vegetables decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, frozen fruits and vegetables imports reached $X in 2022. In general, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Afghanistan was the largest importing country with an import of about X tons, which amounted to X% of total imports. Nepal (X tons) ranks second in terms of the total imports with a X% share, followed by Pakistan (X%), India (X%), Maldives (X%) and Bangladesh (X%). Sri Lanka (X tons) followed a long way behind the leaders.

Imports into Afghanistan decreased at an average annual rate of X% from 2012 to 2022. At the same time, Nepal (X%), Bangladesh (X%), Maldives (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Sri Lanka experienced a relatively flat trend pattern. By contrast, India (X%) illustrated a downward trend over the same period. Nepal (X p.p.), Maldives (X p.p.), Pakistan (X p.p.) and Bangladesh (X p.p.) significantly strengthened its position in terms of the total imports, while India and Afghanistan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Afghanistan ($X), India ($X) and Maldives ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Pakistan, Nepal, Bangladesh and Sri Lanka lagged somewhat behind, together accounting for a further X%.

Nepal, with a CAGR of X%, saw the highest growth rate of 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 Southern Asia stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :