Northern America: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Northern America

In 2020, the North American prepared frozen vegetable market decreased by -X% to $X for the first time since 2015, thus ending a four-year rising trend. The total consumption indicated a measured increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2018 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2019, and then shrank in the following year.

Prepared Frozen Vegetable Production in Northern America

In value terms, prepared frozen vegetable production shrank to $X in 2020 estimated in export prices. The total production indicated a moderate expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level at $X in 2019, and then declined in the following year.

Production By Country in Northern America

The United States (X tons) constituted the country with the largest volume of prepared frozen vegetable production, comprising approx. X% of total volume. Moreover, prepared frozen vegetable production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), sevenfold.

In the United States, prepared frozen vegetable production decreased by an average annual rate of -X% over the period from 2007-2020.

Prepared Frozen Vegetable Exports

Exports in Northern America

In 2020, overseas shipments of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons, falling for the fourth year in a row after two years of growth. In general, exports continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at X tons in 2008; however, from 2009 to 2020, exports remained at a lower figure.

In value terms, prepared frozen vegetable exports fell remarkably to $X in 2020. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

Exports by Country

The United States was the largest exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Canada (X tons), committing a X% share of total exports.

Exports from the United States decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +X% from 2007-2020. Canada (+X p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, the United States ($X) remains the largest prepared frozen vegetable supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

The prepared frozen vegetable export price in Northern America stood at $X per ton in 2020, approximately reflecting the previous year. Export price indicated buoyant growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, prepared frozen vegetable export price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2011 when the export price increased by X% year-to-year. The level of export peaked in 2020 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United States.

Prepared Frozen Vegetable Imports

Imports in Northern America

Prepared frozen vegetable imports rose remarkably to X tons in 2020, surging by X% against the previous year's figure. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in the near future.

In value terms, prepared frozen vegetable imports rose to $X in 2020. In general, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure in 2020 and are likely to see steady growth in years to come.

Imports by Country

The United States represented the largest importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Canada (X tons), achieving a X% share of total imports.

The United States was also the fastest-growing in terms of the frozen vegetables and mixtures of vegetables (prepared or preserved) imports, with a CAGR of +X% from 2007 to 2020. Canada experienced a relatively flat trend pattern. While the share of the United States (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Canada (-X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported frozen vegetables and mixtures of vegetables (prepared or preserved) in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

In the United States, prepared frozen vegetable imports expanded at an average annual rate of +X% over the period from 2007-2020.

Import Prices by Country

The prepared frozen vegetable import price in Northern America stood at $X per ton in 2020, falling by -X% against the previous year. Import price indicated a notable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, prepared frozen vegetable import price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox Platform

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