Southern Asia: Market for Frozen Vegetables other than Potato and Corn 2024

Market Size for Frozen Vegetables other than Potato and Corn in Southern Asia

The South Asian market for frozen vegetables other than potato and corn dropped slightly to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Frozen Vegetables other than Potato and Corn in Southern Asia

In value terms, production of frozen vegetables other than potato and corn dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Frozen Vegetables other than Potato and Corn

Exports in Southern Asia

In 2022, approx. X tons of frozen vegetables other than potato and corn were exported in Southern Asia; with an increase of X% on 2021. Overall, exports, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of frozen vegetables other than potato and corn skyrocketed to $X in 2022. Total exports indicated a strong expansion 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 2017 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

India prevails in corn structure, recording X tons, which was near X% of total exports in 2022. Pakistan (X tons), Bangladesh (X tons) and Sri Lanka (X tons) held a relatively small share of total exports.

India was also the fastest-growing in terms of the frozen vegetables other than potato and corn exports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%) and Bangladesh (X%) displayed positive paces of growth. By contrast, Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.) and Bangladesh (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. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest frozen vegetables other than potato and corn supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total exports. It was followed by Pakistan, with a X% share.

In India, exports of frozen vegetables other than potato and corn increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Pakistan (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

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

Imports of Frozen Vegetables other than Potato and Corn

Imports in Southern Asia

In 2022, overseas purchases of frozen vegetables other than potato and corn 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 showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of frozen vegetables other than potato and corn amounted to $X in 2022. In general, imports saw a abrupt slump. 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 major importer of frozen vegetables other than potato and corn in Southern Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Maldives (X tons), India (X tons) and Nepal (X tons), together making up a X% share of total imports. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to frozen vegetables other than potato and corn imports into Afghanistan 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, India (X%) and Pakistan (X%) illustrated a downward trend over the same period. While the share of Maldives (X p.p.), Nepal (X p.p.) and India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Afghanistan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Afghanistan ($X) constitutes the largest market for imported frozen vegetables other than potato and corn in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Maldives ($X), with a X% share of total imports. It was followed by India, with an X% share.

In Afghanistan, imports of frozen vegetables other than potato and corn declined by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Maldives (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the import price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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

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