Vietnam: Market for Frozen Fruits And Vegetables 2024

Market Size for Frozen Fruits And Vegetables in Vietnam

The Vietnamese frozen fruits and vegetables market declined to $X in 2022, falling by X% against the previous year. In general, consumption saw a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Frozen Fruits And Vegetables in Vietnam

In value terms, frozen fruits and vegetables production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Exports of Frozen Fruits And Vegetables

Exports from Vietnam

In 2022, frozen fruits and vegetables exports from Vietnam surged to X tons, with an increase of X% compared with the previous year's figure. In general, exports posted a remarkable increase. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, frozen fruits and vegetables exports soared to $X in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Thailand (X tons), Japan (X tons) and the United States (X tons) were the main destinations of frozen fruits and vegetables exports from Vietnam, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Japan ($X) and the United States ($X) appeared to be the largest markets for frozen fruits and vegetables exported from Vietnam worldwide, together comprising X% of total exports.

Among the main countries of destination, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen fruits and vegetables export price stood at $X per ton in 2022, picking up by 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 average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fruits And Vegetables

Imports into Vietnam

In 2022, imports of frozen fruits and vegetables into Vietnam skyrocketed to X tons, rising by X% against 2021. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, frozen fruits and vegetables imports skyrocketed to $X in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest frozen fruits and vegetables supplier to Vietnam, with a X% share of total imports. Moreover, frozen fruits and vegetables imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and China (X% per year).

In value terms, the largest frozen fruits and vegetables suppliers to Vietnam were the United States ($X), China ($X) and Belgium ($X), together comprising X% of total imports. India, the Netherlands and Australia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average frozen fruits and vegetables import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price continues to indicate slight growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per ton) and the United States ($X per ton), while the price for India ($X per ton) and Belgium ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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