Argentina: Market for Frozen Vegetables other than Potato and Corn 2025

Market Size for Frozen Vegetables other than Potato and Corn in Argentina

In 2022, after two years of growth, there was significant decline in the Argentinian market for frozen vegetables other than potato and corn, when its value decreased by -7.6% to $X. Overall, consumption, however, enjoyed significant growth. Consumption of peaked at $X in 2021, and then declined in the following year.

Production of Frozen Vegetables other than Potato and Corn in Argentina

In value terms, production of frozen vegetables other than potato and corn contracted modestly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 36%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Frozen Vegetables other than Potato and Corn

Exports from Argentina

In 2022, approx. X tons of frozen vegetables other than potato and corn were exported from Argentina; waning by -25% on the previous year's figure. Over the period under review, exports recorded a slight descent. The pace of growth appeared the most rapid in 2018 with an increase of 100% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of frozen vegetables other than potato and corn dropped markedly to $X in 2022. Overall, exports saw a perceptible decline. The pace of growth appeared the most rapid in 2018 when exports increased by 113% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of frozen vegetables other than potato and corn from Argentina, with a 45% share of total exports. Moreover, exports of frozen vegetables other than potato and corn to the United States exceeded the volume sent to the second major destination, Chile (X tons), threefold. Uruguay (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +31.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+7.0% per year) and Uruguay (-6.0% per year).

In value terms, the United States ($X) remains the key foreign market for frozen vegetables other than potato and corn exports from Argentina, comprising 44% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 21% share of total exports. It was followed by Chile, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-6.9% per year) and Chile (-1.4% per year).

Export Prices by Country

The average export price for frozen vegetables other than potato and corn stood at $X per ton in 2022, declining by -3.8% against the previous year. Over the period under review, the export price continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2013 when the average export price increased by 27% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to South Africa ($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 South Africa (+1.4%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Vegetables other than Potato and Corn

Imports into Argentina

In 2022, imports of frozen vegetables other than potato and corn into Argentina fell to X tons, with a decrease of -14.6% compared with 2021. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 167% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, imports of frozen vegetables other than potato and corn contracted to $X in 2022. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2017 with an increase of 138%. Over the period under review, imports of attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest frozen vegetables other than potato and corn supplier to Argentina, accounting for a 67% share of total imports. Moreover, imports of frozen vegetables other than potato and corn from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. Ecuador (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to +57.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+31.1% per year) and Ecuador (+57.9% per year).

In value terms, Belgium ($X) constituted the largest supplier of frozen vegetables other than potato and corn to Argentina, comprising 59% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 18% share of total imports. It was followed by Ecuador, with a 7% share.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled +54.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+32.4% per year) and Ecuador (+37.7% per year).

Import Prices by Country

In 2022, the average import price for frozen vegetables other than potato and corn amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 11%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :