Thailand: Market for Frozen Vegetables other than Potato and Corn 2025

Market Size for Frozen Vegetables other than Potato and Corn in Thailand

For the third consecutive year, the Thai market for frozen vegetables other than potato and corn recorded growth in sales value, which increased by 16% to $X in 2022. Over the period under review, consumption recorded a strong increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Frozen Vegetables other than Potato and Corn in Thailand

In value terms, production of frozen vegetables other than potato and corn rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 28%. Production of peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Frozen Vegetables other than Potato and Corn

Exports from Thailand

In 2022, overseas shipments of frozen vegetables other than potato and corn decreased by -6.1% to X tons, falling for the third year in a row after four years of growth. In general, exports saw a pronounced downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 37%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of frozen vegetables other than potato and corn reduced slightly to $X in 2022. Overall, exports showed a perceptible contraction. The pace of growth appeared the most rapid in 2017 with an increase of 6.6% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for exports of frozen vegetables other than potato and corn from Thailand, with a 71% share of total exports. Moreover, exports of frozen vegetables other than potato and corn to Japan exceeded the volume sent to the second major destination, the United States (X tons), fivefold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.1% per year) and Taiwan (Chinese) (+5.8% per year).

In value terms, Japan ($X) remains the key foreign market for frozen vegetables other than potato and corn exports from Thailand, comprising 69% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by Australia, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan totaled -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.6% per year) and Australia (+8.8% per year).

Export Prices by Country

In 2022, the average export price for frozen vegetables other than potato and corn amounted to $X per ton, growing by 2.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2020 an increase of 22%. The export price peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Vegetables other than Potato and Corn

Imports into Thailand

In 2022, approx. X tons of frozen vegetables other than potato and corn were imported into Thailand; with an increase of 18% on the year before. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +9.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.8% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 98%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of frozen vegetables other than potato and corn surged to $X in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +9.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.9% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 60%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest frozen vegetables other than potato and corn supplier to Thailand, with a 87% share of total imports. Moreover, imports of frozen vegetables other than potato and corn from China exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +10.1%.

In value terms, China ($X) constituted the largest supplier of frozen vegetables other than potato and corn to Thailand, comprising 77% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 7.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +10.2%.

Import Prices by Country

In 2022, the average import price for frozen vegetables other than potato and corn amounted to $X per ton, increasing by 14% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 30% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+0.8%).

Source: IndexBox Platform

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