Eastern Asia: Market for Vegetables (Preserved, Frozen) 2025

Market Size for Vegetables (Preserved, Frozen) in Eastern Asia

The East Asian preserved and frozen vegetable market soared to $X in 2022, surging by 16% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Vegetables (Preserved, Frozen) in Eastern Asia

In value terms, preserved and frozen vegetable production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 21%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Vegetables (Preserved, Frozen)

Exports in Eastern Asia

For the fifth consecutive year, Eastern Asia recorded growth in shipments abroad of vegetables (preserved, frozen), which increased by 15% to X tons in 2022. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.4% 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 +46.7% against 2016 indices. The pace of growth was the most pronounced in 2016 with an increase of 24%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, preserved and frozen vegetable exports skyrocketed to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +63.8% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X tons) was the largest exporter of vegetables (preserved, frozen) in Eastern Asia, comprising 98% of total export.

China was also the fastest-growing in terms of the vegetables (preserved, frozen) exports, with a CAGR of +7.7% from 2012 to 2022. China (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest preserved and frozen vegetable supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China stood at +5.6%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the export price, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2017 when the export price increased by 16% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -2.0% per year.

Imports of Vegetables (Preserved, Frozen)

Imports in Eastern Asia

In 2022, overseas purchases of vegetables (preserved, frozen) increased by 5.6% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 13% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, preserved and frozen vegetable imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan represented the major importer of vegetables (preserved, frozen) in Eastern Asia, with the volume of imports resulting at X tons, which was approx. 61% of total imports in 2022. South Korea (X tons) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (13%) and China (4.6%). Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to preserved and frozen vegetable imports into Japan stood at +1.2%. At the same time, South Korea (+6.7%), Taiwan (Chinese) (+6.3%) and Hong Kong SAR (+1.5%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +6.7% from 2012-2022. By contrast, China (-11.6%) illustrated a downward trend over the same period. While the share of South Korea (+7.3 p.p.) and Taiwan (Chinese) (+5.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (-13.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported vegetables (preserved, frozen) in Eastern Asia, comprising 66% of total imports. The second position in the ranking was taken by South Korea ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

In Japan, preserved and frozen vegetable imports increased at an average annual rate of +2.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (+9.7% per year) and Taiwan (Chinese) (+8.2% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, picking up by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Japan ($X per ton) and Hong Kong SAR ($X per ton), while China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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