Frozen vegetables excluding potatoes, legumes and maize market in ASEAN

Earlier Report Observations

The ASEAN market for frozen vegetables excluding potatoes, legumes and maize, measured in volume, rose from 193.6 thous. t in 2018 to a peak of 276.9 thous. t in 2021, before receding to 260.7 thous. t in 2023. Over the same period, the market's value showed consistent growth, advancing from 279.1 mln USD in 2018 to 440.2 mln USD in 2023.

This expansion was supported by a steady increase in domestic production, which grew from 179.0 thous. t to 252.0 thous. t between 2018 and 2023. International trade flows were volatile, with import volumes falling sharply in 2019 before recovering strongly in 2020 and 2021, while exports remained within a band of 36 to 45 thous. t for most of the period.

A notable feature of the market was the continued rise in its total value even after the physical volume began to moderate from 2022 onwards.

Production frozen vegetables excluding potatoes, legumes and maize in ASEAN

In kind, 2017-2020, K t

Top producers of frozen vegetables excluding potatoes, legumes and maize, 2017-2020

World map of production of frozen vegetables excluding potatoes, legumes and maize, 2017-2020

In 2019, ASEAN produced 231.5 thousand tons of frozen vegetables excluding potatoes, legumes, and maize, marking the highest production level in the observed period. However, in 2020, production decreased by 1.4% to 228.3 thousand tons. Over the 2017-2020 period, production grew by 23.3%, with a compound annual growth rate of 7.2%. The lowest production was recorded in 2018 at 179.0 thousand tons. The largest annual decline occurred in 2018 with a 3.4% decrease, while the most significant increase happened in 2019 with a 29.3% rise.

Annual dynamics of production in ASEAN in kind, 2017-2020, K t

In value, 2017-2020, M $ US

ASEAN's production of frozen vegetables excluding potatoes, legumes, and maize has increased for the third consecutive year. In 2020, the output was valued at 348.7 million US dollars, representing a 4.2% year-over-year advance. Over the 2017-2020 period, production value grew by 20.9%, with a compound annual growth rate of 6.5%.

Annual dynamics of production in ASEAN in value, 2017-2020, M $ US

Exports frozen vegetables excluding potatoes, legumes and maize from ASEAN

Exports in kind, t

ASEAN's exports of frozen vegetables excluding potatoes, legumes, and maize have grown for the third consecutive year. In 2020, exports reached 45 566 tons, marking a 26.0% increase compared to 2019. Over the 2017-2020 period, exports increased by 34.8%, with a compound annual growth rate of 10.5%.

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

From 2017 to 2020, Japan, South Korea, and the United States were the main markets for ASEAN's exports in kind. Japan accounted for 48.6% of exports, South Korea for 12.1%, and the United States for 8.9%. Together, these three countries represented 69.5% of total export flows.

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

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

Exports in value, K $ US

In 2020, ASEAN's export value of frozen vegetables excluding potatoes, legumes, and maize reached 69 599 thousand US dollars, representing a 33.2% increase compared to the previous year. Over the 2017-2020 period, export value grew by 32.2%, with a compound annual growth rate of 9.8%. The lowest value was recorded in 2019 at 52 265 thousand US dollars, which marked a 10.3% decline from the previous year.

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

From 2017 to 2020, Japan, South Korea, and Hong Kong consistently held leading positions in ASEAN's export structure by value. Japan accounted for 51.0% of exports, South Korea for 9.8%, and Hong Kong for 8.4%. Collectively, these three markets represented 69.3% of total export flows.

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

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

Imports frozen vegetables excluding potatoes, legumes and maize to ASEAN

Imports in kind, t

The import market showed volatility during the observed period. In 2019, imports reached their lowest point at 30 604 tons, marking a 39.6% decline from the previous year. However, in 2020, imports surged by 122.9% year-over-year to 68 219 tons, which was 2.2 times higher than the 2019 level.

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

From 2017 to 2020, China, the United States, and Denmark were the largest contributors to ASEAN's imports in kind. China accounted for 51.8% of imports, the United States for 16.3%, and Denmark for 10.8%. Together, these three countries represented 78.8% of total import flows.

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

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

Imports in value, K $ US

Import data reveals significant volatility in the market. In 2019, import value reached its lowest point at 29 668 thousand US dollars, representing a 37.8% decline from the previous year. However, in 2020, import value surged by 122.6% year-over-year to 66 052 thousand US dollars, which was 2.2 times higher than the 2019 level.

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

From 2017 to 2020, China, the United States, and Denmark consistently remained the main sources for ASEAN's imports by value. China accounted for 50.7% of imports, the United States for 16.6%, and Denmark for 9.6%. Together, these three countries represented 76.9% of total import flows.

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

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