Southern Asia: Frozen Fruit Market 2024

Frozen Fruit Market Size in Southern Asia

The South Asian frozen fruit market was estimated at $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, posted a strong increase. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Frozen Fruit Production in Southern Asia

In value terms, frozen fruit production reached $X in 2022 estimated in export price. Overall, production, however, showed a strong increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Frozen Fruit Exports

Exports in Southern Asia

In 2022, exports of frozen fruits in Southern Asia fell to X tons, shrinking by X% against the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, frozen fruit exports contracted to $X in 2022. Total exports indicated a noticeable 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) represented roughly X% of total exports in 2022.

India experienced a relatively flat trend pattern with regard to volume of exports of frozen fruits. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest frozen fruit supplier in Southern Asia.

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

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Frozen Fruit Imports

Imports in Southern Asia

In 2022, supplies from abroad of frozen fruits increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports saw buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, frozen fruit imports surged to $X in 2022. Overall, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India was the key importing country with an import of about X tons, which reached X% of total imports. Maldives (X tons) took the second position in the ranking, followed by Bangladesh (X tons). All these countries together took approx. X% share of total imports. The following importers - Nepal (X tons), Sri Lanka (X tons) and Pakistan (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to frozen fruit imports into India stood at X%. At the same time, Maldives (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Bangladesh (X%), Pakistan (X%) and Sri Lanka (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Maldives increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported frozen fruits in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Maldives ($X), with an X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India totaled X%. In the other countries, the average annual rates were as follows: Maldives (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a prominent increase 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 fruit import price increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Maldives ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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