Vietnam: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Vietnam

After three years of growth, the Vietnamese prepared frozen vegetable market decreased by -X% to $X in 2020. Overall, the total consumption indicated measured growth 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. The most prominent rate of growth was recorded in 2018 when the market value increased by X% year-to-year. Prepared frozen vegetable consumption peaked at $X in 2019, and then declined sharply in the following year.

Prepared Frozen Vegetable Production in Vietnam

In value terms, prepared frozen vegetable production shrank to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a prominent 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, production increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% year-to-year. Prepared frozen vegetable production peaked at $X in 2019, and then dropped in the following year.

Prepared Frozen Vegetable Exports

Exports from Vietnam

For the third year in a row, Vietnam recorded growth in overseas shipments of frozen vegetables and mixtures of vegetables (prepared or preserved), which increased by X% to X tons in 2020. In general, exports showed a remarkable increase. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Exports peaked in 2020 and are likely to see gradual growth in the near future.

In value terms, prepared frozen vegetable exports contracted modestly to $X in 2020. Over the period under review, exports posted a resilient increase. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Exports peaked at $X in 2019, and then fell slightly in the following year.

Exports by Country

Japan (X tons) was the main destination for prepared frozen vegetable exports from Vietnam, with a X% share of total exports. Moreover, prepared frozen vegetable exports to Japan exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), ninefold. The third position in this ranking was occupied by Australia (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Japan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and Australia (+X% per year).

In value terms, Japan ($X) remains the key foreign market for prepared frozen vegetable exports from Vietnam, comprising X% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Japan amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and Australia (+X% per year).

Export Prices by Country

The average prepared frozen vegetable export price stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum at $X per ton in 2019, and then declined dramatically in the following year.

Prices varied noticeably by the country of destination; 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 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese), while the prices for the other major destinations experienced mixed trend patterns.

Prepared Frozen Vegetable Imports

Imports into Vietnam

In 2020, approx. X tons of frozen vegetables and mixtures of vegetables (prepared or preserved) were imported into Vietnam; with a decrease of -X% on 2019 figures. Overall, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, prepared frozen vegetable imports dropped remarkably to $X in 2020. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of prepared frozen vegetable to Vietnam, accounting for a X% share of total imports. Moreover, prepared frozen vegetable imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold. France (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and France (+X% per year).

In value terms, China ($X) constituted the largest supplier of prepared frozen vegetable to Vietnam, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and France (+X% per year).

Import Prices by Country

The average prepared frozen vegetable import price stood at $X per ton in 2020, surging by X% against the previous year. In general, the import price showed a perceptible increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% year-to-year. The import price peaked in 2020 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Indonesia ($X per ton) and China ($X per ton), while the price for South Korea ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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