Southern Asia: Frozen Vegetable Market 2024

Frozen Vegetable Market Size in Southern Asia

The South Asian frozen vegetable market fell to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Frozen Vegetable Production in Southern Asia

In value terms, frozen vegetable production reduced modestly 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Frozen Vegetable Exports

Exports in Southern Asia

In 2022, shipments abroad of frozen vegetables decreased by X% to X tons, falling for the second year in a row after five years of growth. Overall, exports, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen vegetable exports skyrocketed to $X in 2022. In general, exports, however, saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. Pakistan (X tons) held a minor share of total exports.

India was also the fastest-growing in terms of the frozen vegetables exports, with a CAGR of X% from 2012 to 2022. Pakistan (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (X p.p.) displayed negative dynamics.

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

In India, frozen vegetable exports expanded at an average annual rate of X% over the period from 2012-2022.

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 strong growth 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 vegetable export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady growth in years to come.

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%).

Frozen Vegetable Imports

Imports in Southern Asia

In 2022, purchases abroad of frozen vegetables decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports saw a pronounced curtailment. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, frozen vegetable imports shrank to $X in 2022. Overall, imports saw a noticeable reduction. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Afghanistan was the main importer of frozen vegetables in Southern Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Nepal (X tons), Pakistan (X tons), Maldives (X tons) and India (X tons), together comprising a X% share of total imports. The following importers - Sri Lanka (X tons) and Bangladesh (X tons) - each finished at an X% share of total imports.

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. While the share of Nepal (X p.p.), Maldives (X p.p.), Pakistan (X p.p.) and Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (X p.p.) and Afghanistan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen vegetable importing markets in Southern Asia were Afghanistan ($X), Pakistan ($X) and Maldives ($X), with a combined X% share of total imports. Nepal, Sri Lanka, Bangladesh and India 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, among 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

In 2022, the import price in Southern Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

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 Pakistan ($X per ton), while Afghanistan ($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

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