Iran: Market for Frozen Vegetables other than Potato and Corn 2024

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

The Iranian market for frozen vegetables other than potato and corn soared to $X in 2022, jumping by 18% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Frozen Vegetables other than Potato and Corn in Iran

In value terms, production of frozen vegetables other than potato and corn rose markedly to $X in 2022 estimated in export price. In general, production showed a prominent increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 41%. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Frozen Vegetables other than Potato and Corn

Exports from Iran

In 2022, shipments abroad of frozen vegetables other than potato and corn decreased by -13.5% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 75%. Over the period under review, the exports of attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, exports of frozen vegetables other than potato and corn reduced dramatically to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 96% against the previous year. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Italy (X tons) was the main destination for exports of frozen vegetables other than potato and corn from Iran, accounting for a 52% share of total exports. Moreover, exports of frozen vegetables other than potato and corn to Italy exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. The third position in this ranking was taken by Kuwait (X tons), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+23.9% per year) and Kuwait (+47.8% per year).

In value terms, Italy ($X) remains the key foreign market for frozen vegetables other than potato and corn exports from Iran, comprising 38% of total exports. The second position in the ranking was held by Kuwait ($X), with a 5.1% share of total exports. It was followed by Canada, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+42.0% per year) and Canada (+16.6% per year).

Export Prices by Country

In 2022, the average export price for frozen vegetables other than potato and corn amounted to $X per ton, waning by -12.7% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for frozen vegetables other than potato and corn increased by +38.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 44%. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

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 Kuwait ($X per ton), while the average price for exports to Saudi Arabia ($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 Italy (+12.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen Vegetables other than Potato and Corn

Imports into Iran

In 2022, overseas purchases of frozen vegetables other than potato and corn were finally on the rise to reach X tons after five years of decline. In general, imports, however, continue to indicate a abrupt shrinkage. Over the period under review, imports of reached the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of frozen vegetables other than potato and corn skyrocketed to $X in 2022. Over the period under review, imports, however, faced a deep setback. Over the period under review, imports of attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of frozen vegetables other than potato and corn to Iran, with a 72% share of total imports. Moreover, imports of frozen vegetables other than potato and corn from China exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-3.7% per year) and the United Arab Emirates (-28.4% per year).

In value terms, China ($X) constituted the largest supplier of frozen vegetables other than potato and corn to Iran, comprising 77% of total imports. The second position in the ranking was held by Hungary ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-6.6% per year) and the United Arab Emirates (-25.0% 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, picking up by 8.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Hungary ($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 United Arab Emirates (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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