South-Eastern Asia: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in South-Eastern Asia

After four years of growth, the Southeast Asian prepared frozen vegetable market decreased by -X% to $X in 2020. The total consumption indicated a temperate expansion 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 2012 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. 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 South-Eastern Asia

In value terms, prepared frozen vegetable production fell slightly to $X in 2020 estimated in export prices. The total production indicated a perceptible 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, production increased by +X% against 2012 indices. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, leveling off in the following year.

Production By Country in South-Eastern Asia

The country with the largest volume of prepared frozen vegetable production was Indonesia (X tons), comprising approx. X% of total volume. Moreover, prepared frozen vegetable production in Indonesia exceeded the figures recorded by the second-largest producer, Thailand (X tons), threefold. Vietnam (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Indonesia amounted to +X%. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Vietnam (+X% per year).

Prepared Frozen Vegetable Exports

Exports in South-Eastern Asia

In 2020, after four years of growth, there was decline in overseas shipments of frozen vegetables and mixtures of vegetables (prepared or preserved), when their volume decreased by -X% to X tons. Total exports indicated a moderate increase from 2007 to 2020: its volume 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, exports increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. As a result, exports reached the peak of X tons, leveling off in the following year.

In value terms, prepared frozen vegetable exports dropped notably to $X in 2020. Overall, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. As a result, exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

Vietnam represented the major exporting country with an export of about X tons, which accounted for X% of total exports. Thailand (X tons) ranks second in terms of the total exports with a X% share, followed by Indonesia (X%).

Vietnam was also the fastest-growing in terms of the frozen vegetables and mixtures of vegetables (prepared or preserved) exports, with a CAGR of +X% from 2007 to 2020. At the same time, Indonesia (+X%) displayed positive paces of growth. By contrast, Thailand (-X%) illustrated a downward trend over the same period. While the share of Vietnam (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Thailand (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X), Thailand ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2020, with a combined X% share of total exports.

In terms of the main exporting countries, Vietnam recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the prepared frozen vegetable export price in South-Eastern Asia amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price, however, showed a mild increase. The most prominent rate of growth was recorded in 2008 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2019, and then shrank sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced mixed trends in the export price figures.

Prepared Frozen Vegetable Imports

Imports in South-Eastern Asia

In 2020, overseas purchases of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, prepared frozen vegetable imports dropped rapidly to $X in 2020. Over the period under review, imports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Malaysia was the main importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by the Philippines (X tons), Singapore (X tons) and Thailand (X tons), together making up a X% share of total imports. The following importers - Indonesia (X tons), Vietnam (X tons) and Timor-Leste (X tons) - each reached a X% share of total imports.

From 2007 to 2020, average annual rates of growth with regard to prepared frozen vegetable imports into Malaysia stood at +X%. At the same time, Timor-Leste (+X%), the Philippines (+X%), Thailand (+X%) and Indonesia (+X%) displayed positive paces of growth. Moreover, Timor-Leste emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +X% from 2007-2020. By contrast, Singapore (-X%) and Vietnam (-X%) illustrated a downward trend over the same period. While the share of Malaysia (+X p.p.), the Philippines (+X p.p.) and Thailand (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Singapore (-X p.p.) and Vietnam (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest prepared frozen vegetable importing markets in South-Eastern Asia were Malaysia ($X), Singapore ($X) and Thailand ($X), together comprising X% of total imports. The Philippines, Timor-Leste, Vietnam and Indonesia lagged somewhat behind, together accounting for a further X terms of the main importing countries, Timor-Leste recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The prepared frozen vegetable import price in South-Eastern Asia stood at $X per ton in 2020, shrinking by -X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Timor-Leste, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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