Vietnam: Market for Frozen Fruits And Vegetables 2024

Market Size for Frozen Fruits And Vegetables in Vietnam

The Vietnamese frozen fruits and vegetables market expanded modestly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, continues to indicate a slight shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Frozen Fruits And Vegetables in Vietnam

In value terms, frozen fruits and vegetables production reached $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Frozen Fruits And Vegetables

Exports from Vietnam

In 2022, exports of frozen fruits and vegetables from Vietnam fell to X tons, waning by X% compared with 2021 figures. In general, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, frozen fruits and vegetables exports fell to $X in 2022. Overall, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for frozen fruits and vegetables exports from Vietnam, with a X% share of total exports. Moreover, frozen fruits and vegetables exports to the United Arab Emirates exceeded the volume sent to the second major destination, Japan (X tons), threefold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for frozen fruits and vegetables exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

The average frozen fruits and vegetables export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 an increase of X%. The export price peaked at $X per ton in 2021, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to China ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fruits And Vegetables

Imports into Vietnam

In 2022, the amount of frozen fruits and vegetables imported into Vietnam shrank slightly to X tons, waning by X% on the year before. Overall, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fruits and vegetables imports dropped to $X in 2022. In general, imports, however, posted strong growth. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Belgium (X tons) and China (X tons) were the main suppliers of frozen fruits and vegetables imports to Vietnam, with a combined X% share of total imports. The Netherlands, Thailand, Canada and Australia lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), China ($X) and Belgium ($X) appeared to be the largest frozen fruits and vegetables suppliers to Vietnam, together accounting for X% of total imports. The Netherlands, Thailand, Canada and Australia lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average frozen fruits and vegetables import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Belgium ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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