Frozen preserved vegetables market in Latin America and the Caribbean

Earlier Report Observations

The frozen preserved vegetables market in Latin America and the Caribbean showed considerable volatility from 2018 to 2023. Starting at 919 thousand tons in 2018, market volume declined over the next two years, reaching a low of 756 thousand tons in 2020.

A pronounced recovery followed in 2021, with consumption jumping to 970 thousand tons—the highest level in the period. This upward move reversed in 2022 and 2023, as volumes fell to 964 thousand tons and then to 898 thousand tons, respectively.

By 2023, the market had settled below its 2018 starting point, reflecting a cycle of contraction, recovery and renewed softening across the six-year span.

Production frozen preserved vegetables in Latin America and the Caribbean

In kind, 2017-2020, t

Top producers of frozen preserved vegetables, 2017-2020

World map of production of frozen preserved vegetables, 2017-2020

In Latin America and the Caribbean, production of frozen preserved vegetables remained stable in 2020 at 36 211 tonnes, showing no change from 2019. Over the period from 2017 to 2020, production decreased by 15.9%, with a compound annual growth rate of 5.6%. The lowest production level was recorded in 2019 at 36 139 tonnes, while the peak occurred in 2018 with 49 624 tonnes. The most significant decline of 27.2% was observed in 2019, whereas the largest increase of 15.2% took place in 2018.

Annual dynamics of production in Latin America and the Caribbean in kind, 2017-2020, t

In value, 2017-2020, K $ US

For the second consecutive year, the production value of frozen preserved vegetables in Latin America and the Caribbean declined. In 2020, output was valued at 47 402 thousand US dollars, representing a 1.8% decrease compared to the previous year. Between 2017 and 2020, production value fell by 12.2%, corresponding to an annualized rate of 4.2%. The highest value was recorded in 2018 at 55 106 thousand US dollars. The most substantial decline of 12.4% occurred in 2019, while the largest increase of 2.1% was seen in 2018.

Annual dynamics of production in Latin America and the Caribbean in value, 2017-2020, K $ US

Exports frozen preserved vegetables from Latin America and the Caribbean

Exports in kind, K t

In 2020, Latin America and the Caribbean exported 205 thousand tonnes of frozen preserved vegetables, marking a significant year-on-year decrease of 11.2%. Over the period from 2017 to 2020, exports increased by 7.4%, with a compound annual growth rate of 2.4%. The lowest export volume was recorded in 2018 at 140 thousand tonnes, while the peak was reached in 2019 with 231 thousand tonnes. The most notable decline of 26.6% occurred in 2018, whereas the largest increase of 64.7% was observed in 2019.

Annual dynamics of product's exports from Latin America and the Caribbean in kind, 2017-2020, K t

From 2017 to 2020, the United States was the leading buyer of frozen preserved vegetables from Latin America and the Caribbean, accounting for 14.7% of total exports in volume terms.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Latin America and the Caribbean in kind, 2017-2020

Exports in value, M $ US

The data shows irregular fluctuations, indicating a volatile market environment. A two-fold variation was observed between the minimum value in 2018 and the maximum in 2019. In 2020, frozen preserved vegetables shipments from Latin America and the Caribbean abroad amounted to 268 million US dollars, down by 13.0% year-on-year. The lowest value was recorded in 2018 at 155 million US dollars, while the peak was in 2019 with 308 million US dollars. The most significant decline of 35.0% occurred in 2018, and the largest increase of 98.1% was seen in 2019.

Annual dynamics of product's exports from Latin America and the Caribbean in value, 2017-2020, M $ US

Throughout 2017 to 2020, the United States remained the primary buyer of frozen preserved vegetables from Latin America and the Caribbean, holding a 28.1% share of total exports in value terms.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Latin America and the Caribbean in value, 2017-2020

Imports frozen preserved vegetables to Latin America and the Caribbean

Imports in kind, K t

Following a two-year increase, imports of frozen preserved vegetables into Latin America and the Caribbean declined. In 2020, import volume registered 925 thousand tonnes, which is 12.0% lower than the previous year. Over the period from 2017 to 2020, imports decreased by 4.7%, with a compound annual growth rate of 1.6%. The highest import volume was recorded in 2019 at 1 051 thousand tonnes. The largest increase of 4.1% occurred in 2019.

Annual dynamics of product's imports to Latin America and the Caribbean in kind, 2017-2020, K t

From 2017 to 2020, three key markets—Belgium, the United States, and the Netherlands—collectively accounted for 65.4% of total imports in volume terms of frozen preserved vegetables to Latin America and the Caribbean.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Latin America and the Caribbean in kind, 2017-2020

Imports in value, M $ US

After a two-year rise, the value of imported frozen preserved vegetables in Latin America and the Caribbean declined. In 2020, imports amounted to 877 million US dollars, reflecting an 18.3% decrease compared to 2019. Over the period from 2017 to 2020, imports fell by 7.6%, with a compound annual growth rate of 2.6%. The peak value was recorded in 2019 at 1 074 million US dollars. The largest increase of 9.4% was observed in 2019.

Annual dynamics of product's imports to Latin America and the Caribbean in value, 2017-2020, M $ US

From 2017 to 2020, the leading destinations for imports in value terms of frozen preserved vegetables to Latin America and the Caribbean were the United States (25.0% of imports in value terms), Belgium (20.7% of imports in value terms), and the Netherlands (16.2% of imports in value terms), which together accounted for 61.8% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Latin America and the Caribbean in value, 2017-2020