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

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

In 2022, the MERCOSUR market for frozen vegetables other than potato and corn increased by 8.1% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +4.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Frozen Vegetables other than Potato and Corn in MERCOSUR

In value terms, production of frozen vegetables other than potato and corn totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 7%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Frozen Vegetables other than Potato and Corn

Exports in MERCOSUR

For the ninth consecutive year, MERCOSUR recorded growth in shipments abroad of frozen vegetables other than potato and corn, which increased by 0.4% to X tons in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.1% 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 +53.1% against 2013 indices. The pace of growth was the most pronounced in 2018 when exports increased by 17%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of frozen vegetables other than potato and corn expanded slightly to $X in 2022. The total export value increased at an average annual rate of +2.8% 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 2018 with an increase of 19%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Ecuador was the major exporter of frozen vegetables other than potato and corn in MERCOSUR, with the volume of exports reaching X tons, which was near 73% of total exports in 2022. It was distantly followed by Peru (X tons) and Chile (X tons), together mixing up a 26% share of total exports.

Ecuador was also the fastest-growing in terms of the frozen vegetables other than potato and corn exports, with a CAGR of +5.1% from 2012 to 2022. Peru experienced a relatively flat trend pattern. Chile (-2.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ecuador increased by +13 percentage points.

In value terms, Ecuador ($X) remains the largest frozen vegetables other than potato and corn supplier in MERCOSUR, comprising 58% of total exports. The second position in the ranking was held by Peru ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Ecuador amounted to +5.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (-0.5% per year) and Chile (+0.4% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, with an increase of 1.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 7.4%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Frozen Vegetables other than Potato and Corn

Imports in MERCOSUR

For the seventh year in a row, MERCOSUR recorded growth in supplies from abroad of frozen vegetables other than potato and corn, which increased by 6.9% to X tons in 2022. Overall, imports showed a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by 15% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, imports of frozen vegetables other than potato and corn expanded remarkably to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

Brazil (X tons) and Chile (X tons) represented roughly 70% of total imports in 2022. Colombia (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Uruguay (7.8%) and Argentina (5.8%). The following importers - Peru (X tons) and Ecuador (X tons) - each reached a 4.1% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +30.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Colombia ($X) were the countries with the highest levels of imports in 2022, with a combined 82% share of total imports. Uruguay, Argentina, Peru and Ecuador lagged somewhat behind, together accounting for a further 15%.

Argentina, with a CAGR of +25.2%, saw the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in MERCOSUR amounted to $X per ton, growing by 2.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 8.7%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Chile ($X per ton) and Brazil ($X per ton), while Ecuador ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+2.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform