ASEAN: Market for Vegetables (Preserved, Frozen) 2025

Market Size for Vegetables (Preserved, Frozen) in ASEAN

The ASEAN preserved and frozen vegetable market soared to $X in 2022, rising by 45% against the previous year. Over the period under review, consumption continues to indicate prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Vegetables (Preserved, Frozen) in ASEAN

In value terms, preserved and frozen vegetable production totaled $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 29%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Vegetables (Preserved, Frozen)

Exports in ASEAN

In 2022, shipments abroad of vegetables (preserved, frozen) decreased by -17.6% to X tons, falling for the third consecutive year after two years of growth. In general, exports, however, continue to indicate a mild expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 46% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, preserved and frozen vegetable exports reduced to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.3% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 20% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam represented the main exporting country with an export of around X tons, which reached 45% of total exports. Thailand (X tons) held the second position in the ranking, distantly followed by Singapore (X tons) and Indonesia (X tons). All these countries together took near 50% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +20.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 89% of total exports.

Among the main exporting countries, Singapore, with a CAGR of +19.0%, saw 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

In 2022, the export price in ASEAN amounted to $X per ton, picking up by 19% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 29%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.7%), while the other leaders experienced more modest paces of growth.

Imports of Vegetables (Preserved, Frozen)

Imports in ASEAN

Preserved and frozen vegetable imports soared to X tons in 2022, growing by 26% on 2021 figures. In general, imports showed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved and frozen vegetable imports surged to $X in 2022. Over the period under review, imports continue to indicate a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of preserved and frozen vegetable imports in 2022 were Malaysia (X tons), the Philippines (X tons) and Indonesia (X tons), together finishing at 74% of total import. Thailand (X tons) ranks next in terms of the total imports with a 12% share, followed by Vietnam (7.1%) and Singapore (6.5%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +28.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved and frozen vegetable importing markets in ASEAN were the Philippines ($X), Malaysia ($X) and Indonesia ($X), together accounting for 71% of total imports. Thailand, Singapore and Vietnam lagged somewhat behind, together comprising a further 28%.

Vietnam, with a CAGR of +31.8%, recorded the highest rates of growth with regard to 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

The import price in ASEAN stood at $X per ton in 2022, rising by 19% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform