South-Eastern Asia: Frozen Fruit Market 2022

Frozen Fruit Market Size in South-Eastern Asia

In 2021, the Southeast Asian frozen fruit market decreased by -X% to $X, falling for the second year in a row after four years of growth. The total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Frozen Fruit Production in South-Eastern Asia

In value terms, frozen fruit production reached $X in 2021 estimated in export price. Overall, production saw a strong increase. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Frozen Fruit Exports

Exports in South-Eastern Asia

Frozen fruit exports surged to X tons in 2021, with an increase of X% compared with the previous year. Over the period under review, exports recorded a strong increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, frozen fruit exports skyrocketed to $X in 2021. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Malaysia (X tons) and Thailand (X tons) were the main exporters of frozen fruits in 2021, amounting to near X% and X% of total exports, respectively. Vietnam (X tons) took the next position in the ranking, distantly followed by the Philippines (X tons). All these countries together held approx. X% share of total exports. Indonesia (X tons) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Malaysia (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2021, together comprising X% of total exports.

Malaysia, 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

In 2021, the export price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen fruit export price decreased by -X% against 2019 indices. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the other leaders experienced more modest paces of growth.

Frozen Fruit Imports

Imports in South-Eastern Asia

In 2021, the amount of frozen fruits imported in South-Eastern Asia soared to X tons, picking up by X% on the previous year's figure. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, frozen fruit imports surged to $X in 2021. Overall, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand prevails in imports structure, reaching X tons, which was near X% of total imports in 2021. Malaysia (X tons) took the second position in the ranking, followed by the Philippines (X tons) and Vietnam (X tons). All these countries together held approx. X% share of total imports. Singapore (X tons) and Indonesia (X tons) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to frozen fruit imports into Thailand stood at +X%. At the same time, Malaysia (+X%), Vietnam (+X%), the Philippines (+X%) and Singapore (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +X% from 2012-2021. Indonesia experienced a relatively flat trend pattern. Thailand (+X p.p.) and Malaysia (+X p.p.) significantly strengthened its position in terms of the total imports, while the Philippines, Singapore and Indonesia saw its share reduced by -X%, -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported frozen fruits in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

In Thailand, frozen fruit imports increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Singapore (+X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, with an increase of X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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