Southern Asia: Frozen Vegetable Market 2024

Frozen Vegetable Market Size in Southern Asia

The South Asian frozen vegetable market shrank modestly to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Frozen Vegetable Production in Southern Asia

In value terms, frozen vegetable production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Frozen Vegetable Exports

Exports in Southern Asia

In 2022, exports of frozen vegetables in Southern Asia reached X tons, approximately mirroring 2021. Over the period under review, exports showed prominent growth. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, frozen vegetable exports soared to $X in 2022. In general, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. Pakistan (X tons) held a little share of total exports.

India was also the fastest-growing in terms of the frozen vegetables exports, with a CAGR of X% from 2012 to 2022. Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest frozen vegetable supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price 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. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Frozen Vegetable Imports

Imports in Southern Asia

In 2022, supplies from abroad of frozen vegetables decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, frozen vegetable imports fell to $X in 2022. In general, imports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2016 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Afghanistan (X tons) represented the main importer of frozen vegetables, achieving X% of total imports. Nepal (X tons) ranks second in terms of the total imports with a X% share, followed by Pakistan (X%), Maldives (X%) and India (X%). The following importers - Sri Lanka (X tons) and Bangladesh (X tons) - each amounted to an X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to frozen vegetable imports into Afghanistan stood at X%. At the same time, Bangladesh (X%), Nepal (X%), Maldives (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Sri Lanka experienced a relatively flat trend pattern. By contrast, India (X%) illustrated a downward trend over the same period. Nepal (X p.p.), Maldives (X p.p.), Pakistan (X p.p.) and Bangladesh (X p.p.) significantly strengthened its position in terms of the total imports, while India and Afghanistan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen vegetable importing markets in Southern Asia were Afghanistan ($X), Pakistan ($X) and Maldives ($X), together accounting for X% of total imports. Nepal, Sri Lanka, Bangladesh and India lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Nepal, with a CAGR of X%, saw the highest growth rate of 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 Southern Asia amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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