MENA: Frozen Vegetable Market 2024

Frozen Vegetable Market Size in MENA

For the third consecutive year, the MENA's frozen vegetable market recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption recorded a mild descent. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Frozen Vegetable Production in MENA

In value terms, frozen vegetable production shrank to $X in 2022 estimated in export price. Over the period under review, production enjoyed a modest expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Frozen Vegetable Exports

Exports in MENA

In 2022, approx. X tons of frozen vegetables were exported in MENA; jumping by X% against 2021 figures. Total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, frozen vegetable exports surged to $X in 2022. Over the period under review, exports saw a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Egypt (X tons) represented the main exporter of frozen vegetables, mixing up X% of total exports. Turkey (X tons) ranks second in terms of the total exports with a X% share, followed by Iran (X%) and the United Arab Emirates (X%). Saudi Arabia (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Iran (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest frozen vegetable supplying countries in MENA were Egypt ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. Iran and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Iran, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Frozen Vegetable Imports

Imports in MENA

In 2022, the amount of frozen vegetables imported in MENA shrank modestly to X tons, with a decrease of X% compared with the previous year. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2013 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted slightly in the following year.

In value terms, frozen vegetable imports amounted to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2012 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Saudi Arabia represented the largest importer of frozen vegetables in MENA, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X tons), Kuwait (X tons), Iraq (X tons), Jordan (X tons), Israel (X tons) and Algeria (X tons), together mixing up a X% share of total imports. The following importers - Qatar (X tons), Oman (X tons), Libya (X tons), Morocco (X tons) and Bahrain (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to frozen vegetable imports into Saudi Arabia stood at X%. At the same time, Israel (X%), Iraq (X%), Libya (X%), Qatar (X%), Jordan (X%), Morocco (X%), Kuwait (X%), Algeria (X%), Bahrain (X%), Oman (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. While the share of Israel (X p.p.), Iraq (X p.p.), Jordan (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Jordan, Israel, Qatar, Algeria, Iraq, Oman, Morocco, Bahrain and Libya lagged somewhat behind, together accounting for a further X%.

Israel, with a CAGR of X%, recorded 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

The import price in MENA stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bahrain ($X per ton), while Iraq ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform