Frozen preserved vegetables market in Thailand

Earlier Report Observations

The Thai frozen preserved vegetables market expanded markedly in the late 2010s, with volume rising from 69,835 tons in 2018 to 85,422 tons in 2019. This growth was supported by increasing demand from the food service sector and changing consumer preferences, which boosted consumption of processed vegetable products.

Market volume then experienced volatility, contracting to 78,745 tons in 2020 and further to 69,253 tons in 2021, before a strong recovery to 81,291 tons in 2022 and 88,326 tons in 2023. This rebound restored the market to a clear upward trajectory by the end of the period.

Several key factors emerged by 2024, including government policies focused on bio-economy and sustainability, climate change impacts driving up fresh vegetable prices and affecting yields, and the broader adoption of individual quick freezing (IQF) technology to improve product quality and shelf life.

Production frozen preserved vegetables in Thailand

In kind, 2017-2020, t

From 2017 to 2020, Thailand ranked as the world's eighth-largest producer of frozen preserved vegetables.

Top producers of frozen preserved vegetables, 2017-2020

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

Thailand's production of frozen preserved vegetables declined for the third year in a row. In 2020, the country produced 15 312 tonnes, showing a slight decrease of 0.9% compared to 2019. Over the 2017-2020 period, production fell by 3.1%, with an average annual decline of 1.1%.

Annual dynamics of production in Thailand in kind, 2017-2020, t

In value, 2017-2020, K $ US

Thailand's frozen preserved vegetables production value increased for the third consecutive year. In 2020, the output was valued at 67 103 thousand US dollars, reflecting a small gain of 0.8% year-over-year. From 2017 to 2020, production value rose by 22.1%, with an average annual growth rate of 6.9%.

Annual dynamics of production in Thailand in value, 2017-2020, K $ US

Exports frozen preserved vegetables from Thailand

Exports in kind, t

The data shows irregular changes, indicating a volatile market environment. Exports reached their lowest point in 2019 at 81 tonnes, then surged to 7 581 tonnes in 2020, marking an uptick of 9,237.4% compared to the previous year. The largest decline occurred in 2019, at 99.1%. From the high in 2017 to the low in 2019, exports varied by 117 times.

Annual dynamics of product's exports from Thailand in kind, 2017-2020, t

From 2017 to 2020, Japan was the key and nearly exclusive market for Thailand's frozen preserved vegetable exports in volume terms, accounting for 90.6% of total flows.

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

World map of product's exports from Thailand in kind, 2017-2020

Exports in value, K $ US

There were noticeable fluctuations in market performance during this period. Exports hit a minimum in 2019 at 350 thousand US dollars, then jumped to 33 223 thousand US dollars in 2020, representing a steep increase of 9,390.7% compared to 2019. The largest decline was recorded in 2019 at 99.0%. From the peak in 2018 to the trough in 2019, exports changed by 97 times.

Annual dynamics of product's exports from Thailand in value, 2017-2020, K $ US

In 2017-2020, Japan played a leading role in Thailand's frozen preserved vegetable exports in value terms, with a share of 89.4% of total flows, while the remainder was distributed across other partners.

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

World map of product's exports from Thailand in value, 2017-2020

Imports frozen preserved vegetables to Thailand

Imports in kind, t

Thailand's imports of frozen preserved vegetables increased for the third consecutive year. In 2020, imports stood at 71 014 tonnes, which is 1.4% higher than in 2019. Between 2017 and 2020, imports grew by 34.2%, equating to an annualized rate of 10.3%.

Annual dynamics of product's imports to Thailand in kind, 2017-2020, t

From 2017 to 2020, three main markets—the Netherlands, India, and the United States—together absorbed 58.4% of Thailand's total imports of frozen preserved vegetables in volume terms.

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

World map of product's imports to Thailand in kind, 2017-2020

Imports in value, K $ US

After a two-year rise, Thailand's imports of frozen preserved vegetables in value terms declined. In 2020, imports reached 76 116 thousand US dollars, corresponding to a modest reduction of 3.3% compared to the previous year. The maximum value was recorded in 2019 at 78 728 thousand US dollars, with the largest increase occurring in 2018 at 17.8%. Between 2017 and 2020, imports increased by 31.4%, equating to an annualized rate of 9.5%.

Annual dynamics of product's imports to Thailand in value, 2017-2020, K $ US

In 2017-2020, the Netherlands (21.5% of imports in value terms), India (18.6%), and the United States (16.6%) remained the principal suppliers of frozen preserved vegetables to Thailand, jointly accounting for 56.7% of total imports in value terms.

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

World map of product's imports to Thailand in value, 2017-2020