Southern Asia: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Southern Asia

In 2020, the South Asian prepared frozen vegetable market decreased by -X% to $X, falling for the second year in a row after six years of growth. The total consumption 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, consumption decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2020.

Prepared Frozen Vegetable Production in Southern Asia

In value terms, prepared frozen vegetable production declined slightly to $X in 2020 estimated in export prices. The total production indicated pronounced growth from 2007 to 2020: its value 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, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, production reached the peak level of $X. from 2019 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Southern Asia

India (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 India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), threefold. Pakistan (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 India stood at +X%. In the other countries, the average annual rates were as follows: Bangladesh (+X% per year) and Pakistan (+X% per year).

Prepared Frozen Vegetable Exports

Exports in Southern Asia

In 2020, the amount of frozen vegetables and mixtures of vegetables (prepared or preserved) exported in Southern Asia soared to X tons, jumping by X% against the previous year's figure. Overall, exports showed a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, prepared frozen vegetable exports totaled $X in 2020. In general, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked in 2020 and is likely to see gradual growth in the immediate term.

Exports by Country

India prevails in prepared frozen vegetable exports structure, accounting for X tons, which was near X% of total exports in 2020. Pakistan (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to prepared frozen vegetable exports from India stood at +X%. At the same time, Pakistan (+X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +X% from 2007-2020. By contrast, Bangladesh (-X%) illustrated a downward trend over the same period. India (+X p.p.) and Pakistan (+X p.p.) significantly strengthened its position in terms of the total exports, while Bangladesh saw its share reduced by -X% from 2007 to 2020, respectively.

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

In India, prepared frozen vegetable exports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Pakistan (+X% per year) and Bangladesh (-X% per year).

Export Prices by Country

In 2020, the prepared frozen vegetable export price in Southern Asia amounted to $X per ton, declining by -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, export price reached the peak level of $X per ton. from 2019 to 2020, the growth in terms of the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was Bangladesh ($X per ton), while India ($X per ton) was amongst the lowest.

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

Prepared Frozen Vegetable Imports

Imports in Southern Asia

In 2020, prepared frozen vegetable imports in Southern Asia surged to X tons, rising by X% against 2019. Over the period under review, imports, however, continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, prepared frozen vegetable imports surged to $X in 2020. In general, imports, however, recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Nepal represented the main importer of frozen vegetables and mixtures of vegetables (prepared or preserved) in Southern Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2020. It was distantly followed by India (X tons), Pakistan (X tons), Afghanistan (X tons), Sri Lanka (X tons), Bangladesh (X tons) and Maldives (X tons), together mixing up a X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh, while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Nepal ($X) and Pakistan ($X) were the countries with the highest levels of imports in 2020, with a combined X% share of total imports. Afghanistan, Maldives, Bangladesh and Sri Lanka lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the prepared frozen vegetable import price in Southern Asia amounted to $X per ton, rising by X% against the previous year. Import price indicated a temperate 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 increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2010 to 2020, the growth in terms of the 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 Maldives ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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