South-Eastern Asia: Market for Vegetables (Preserved, Frozen) 2025

Market Size for Vegetables (Preserved, Frozen) in South-Eastern Asia

The Southeast Asian preserved and frozen vegetable market skyrocketed to $X in 2022, with an increase of 45% against the previous year. In general, consumption showed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Vegetables (Preserved, Frozen) in South-Eastern Asia

In value terms, preserved and frozen vegetable production reached $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 29% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Vegetables (Preserved, Frozen)

Exports in South-Eastern Asia

In 2022, overseas shipments of vegetables (preserved, frozen) decreased by -17.6% to X tons, falling for the third year in a row after two years of growth. Overall, exports, however, saw a mild increase. The growth pace was the most rapid in 2016 with an increase of 46% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, preserved and frozen vegetable exports declined slightly to $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 20% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam was the key exporter of vegetables (preserved, frozen) in South-Eastern Asia, with the volume of exports finishing at X tons, which was near 45% of total exports in 2022. Thailand (X tons) took a 26% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (17%) and Indonesia (6.6%). Malaysia (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +20.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2022, together comprising 89% of total exports.

Among the main exporting countries, Singapore, with a CAGR of +19.0%, saw 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

The export price in South-Eastern Asia stood at $X per ton in 2022, with an increase of 19% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by 29%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.7%), while the other leaders experienced more modest paces of growth.

Imports of Vegetables (Preserved, Frozen)

Imports in South-Eastern Asia

In 2022, the amount of vegetables (preserved, frozen) imported in South-Eastern Asia skyrocketed to X tons, rising by 26% on 2021. Overall, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved and frozen vegetable imports surged to $X in 2022. Over the period under review, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of vegetables (preserved, frozen), namely Malaysia, the Philippines and Indonesia, represented more than two-thirds of total import. Thailand (X tons) held the next position in the ranking, followed by Vietnam (X tons) and Singapore (X tons). All these countries together took approx. 25% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +28.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved and frozen vegetable importing markets in South-Eastern Asia were the Philippines ($X), Malaysia ($X) and Indonesia ($X), with a combined 71% share of total imports. Thailand, Singapore and Vietnam lagged somewhat behind, together comprising a further 28%.

Among the main importing countries, Vietnam, with a CAGR of +31.8%, saw 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

In 2022, the import price in South-Eastern Asia amounted to $X per ton, with an increase of 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($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 Philippines (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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