Eastern Europe: Market for Frozen Vegetables other than Potato and Corn 2024

Market Size for Frozen Vegetables other than Potato and Corn in Eastern Europe

The East European market for frozen vegetables other than potato and corn contracted modestly to $X in 2022, which is down by -4.9% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen Vegetables other than Potato and Corn in Eastern Europe

In value terms, production of frozen vegetables other than potato and corn skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Frozen Vegetables other than Potato and Corn

Exports in Eastern Europe

In 2022, the amount of frozen vegetables other than potato and corn exported in Eastern Europe reduced to X tons, shrinking by -2% compared with the year before. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2018 when exports increased by 17%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of frozen vegetables other than potato and corn amounted to $X in 2022. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 31%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Poland dominates corn structure, accounting for X tons, which was approx. 80% of total exports in 2022. It was distantly followed by Belarus (X tons), generating a 4.6% share of total exports. Hungary (X tons), the Czech Republic (X tons) and Latvia (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to frozen vegetables other than potato and corn exports from Poland stood at +1.4%. At the same time, Latvia (+36.5%), Belarus (+35.1%) and the Czech Republic (+2.4%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +36.5% from 2012-2022. By contrast, Hungary (-5.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus and Latvia increased by +4.3 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest frozen vegetables other than potato and corn supplier in Eastern Europe, comprising 72% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 5.2% share of total exports. It was followed by Hungary, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland totaled +4.3%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+9.7% per year) and Hungary (-4.6% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, growing by 4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2018 when the export price increased by 12% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Latvia ($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 Czech Republic (+7.2%), while the other leaders experienced more modest paces of growth.

Imports of Frozen Vegetables other than Potato and Corn

Imports in Eastern Europe

In 2022, imports of frozen vegetables other than potato and corn in Eastern Europe contracted to X tons, declining by -6.6% against 2021 figures. The total import volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 13% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of frozen vegetables other than potato and corn fell to $X in 2022. Total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.6% against 2015 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 18%. Over the period under review, imports of hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Russia (X tons), Poland (X tons), the Czech Republic (X tons), Romania (X tons) and Hungary (X tons) represented the major importer of frozen vegetables other than potato and corn in Eastern Europe, committing 80% of total import. The following importers - Slovakia (X tons), Bulgaria (X tons), Ukraine (X tons), Latvia (X tons), Lithuania (X tons) and Belarus (X tons) - together made up 18% of total imports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +11.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Romania ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 54% of total imports. The Czech Republic, Hungary, Slovakia, Bulgaria, Lithuania, Ukraine, Latvia and Belarus lagged somewhat behind, together comprising a further 43%.

Lithuania, with a CAGR of +10.5%, recorded the highest growth rate of 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 Eastern Europe stood at $X per ton in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 an increase of 9.4%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lithuania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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