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

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

The Vietnamese market for frozen vegetables other than potato and corn skyrocketed to $X in 2022, increasing by 44% against the previous year. Over the period under review, consumption, however, saw a abrupt decrease. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Frozen Vegetables other than Potato and Corn in Vietnam

In value terms, production of frozen vegetables other than potato and corn declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 18%. Production of peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Frozen Vegetables other than Potato and Corn

Exports from Vietnam

Exports of frozen vegetables other than potato and corn from Vietnam shrank slightly to X tons in 2022, falling by -4.3% compared with the year before. In general, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 46%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of frozen vegetables other than potato and corn fell modestly to $X in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 39% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then dropped modestly in the following year.

Exports by Country

Japan (X tons) was the main destination for exports of frozen vegetables other than potato and corn from Vietnam, with a 56% 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, South Korea (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+24.1% per year) and the United States (+20.2% per year).

In value terms, Japan ($X) remains the key foreign market for frozen vegetables other than potato and corn exports from Vietnam, comprising 62% of total exports. The second position in the ranking was held by South Korea ($X), with a 14% share of total exports. It was followed by the United States, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+26.2% per year) and the United States (+21.7% per year).

Export Prices by Country

The average export price for frozen vegetables other than potato and corn stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 21%. The export price peaked at $X per ton in 2019; 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 ($X per ton), while the average price for exports to South Korea ($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 Australia (+7.5%), 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 Vietnam

In 2022, the amount of frozen vegetables other than potato and corn imported into Vietnam reduced to X tons, which is down by -2% against 2021 figures. Overall, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2017 when imports increased by 57% against the previous year. Imports peaked at X tons in 2021, and then fell modestly in the following year.

In value terms, imports of frozen vegetables other than potato and corn dropped to $X in 2022. Over the period under review, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 55% against the previous year. Imports peaked at $X in 2021, and then reduced slightly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of frozen vegetables other than potato and corn to Vietnam, accounting for a 77% 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, Thailand (X tons), more than tenfold. The third position in this ranking was taken by Indonesia (X tons), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+38.1% per year) and Indonesia (+65.0% per year).

In value terms, China ($X) constituted the largest supplier of frozen vegetables other than potato and corn to Vietnam, comprising 74% of total imports. The second position in the ranking was held by Thailand ($X), with a 6.7% share of total imports. It was followed by Indonesia, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+38.4% per year) and Indonesia (+57.7% per year).

Import Prices by Country

In 2022, the average import price for frozen vegetables other than potato and corn amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2015 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

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 Indonesia ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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