Thailand: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Thailand

The Thai prepared frozen vegetable market rose remarkably to $X in 2020, picking up by X% against the previous year. Overall, the total consumption indicated a prominent increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in the near future.

Prepared Frozen Vegetable Production in Thailand

In value terms, prepared frozen vegetable production dropped to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a remarkable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, leveling off in the following year.

Prepared Frozen Vegetable Exports

Exports from Thailand

In 2020, the amount of frozen vegetables and mixtures of vegetables (prepared or preserved) exported from Thailand contracted dramatically to X tons, which is down by -X% against the previous year's figure. Over the period under review, exports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at X tons in 2019, and then fell significantly in the following year.

In value terms, prepared frozen vegetable exports shrank rapidly to $X in 2020. Overall, total exports indicated a mild increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by X% y-o-y. As a result, exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

Japan (X tons) was the main destination for prepared frozen vegetable exports from Thailand, accounting for a X% share of total exports. Moreover, prepared frozen vegetable exports to Japan exceeded the volume sent to the second major destination, Australia (X tons), more than tenfold. The third position in this ranking was occupied by the United States (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Japan totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and the United States (-X% per year).

In value terms, Japan ($X) remains the key foreign market for prepared frozen vegetable exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by Australia ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Japan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and the United States (-X% per year).

Export Prices by Country

In 2020, the average prepared frozen vegetable export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per ton in 2019, and then shrank in the following year.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Australia ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced mixed trend patterns.

Prepared Frozen Vegetable Imports

Imports into Thailand

In 2020, overseas purchases of frozen vegetables and mixtures of vegetables (prepared or preserved) increased by X% to X tons, rising for the ninth year in a row after two years of decline. In general, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Imports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, prepared frozen vegetable imports amounted to $X in 2020. Overall, imports continue to indicate a strong increase. The growth pace was the most rapid in 2009 when imports increased by X% against the previous year. Imports peaked in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, China (X tons) constituted the largest prepared frozen vegetable supplier to Thailand, accounting for a X% share of total imports. Moreover, prepared frozen vegetable imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was occupied by Vietnam (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Vietnam (+X% per year).

In value terms, China ($X) constituted the largest supplier of prepared frozen vegetable to Thailand, comprising X% of total imports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average prepared frozen vegetable import price stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period under review, the import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the prices for the other major suppliers experienced more modest paces of growth.

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Source: IndexBox Platform

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