Frozen vegetables excluding potatoes, legumes and maize market in Asia

Earlier Report Observations

The Asian market for frozen vegetables excluding potatoes, legumes and maize saw its physical volume contract from 2 247 thousand tons in 2018 to 1 695 thousand tons by 2020. This was followed by a sustained recovery, with market size climbing to 2 297 thousand tons in 2023, surpassing the 2018 level.

In monetary terms, the market's value followed a distinct trajectory. It dropped to $6 187 million in 2020, then jumped sharply to $7 852 million in 2021. After stabilizing near $7 876 million in 2022, the market value declined to $6 227 million in 2023, even as the physical volume increased.

The contrasting movements in volume and value during 2023 indicate significant changes in average prices or the composition of products sold within the market.

Production frozen vegetables excluding potatoes, legumes and maize in Asia

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

Asia's production of frozen vegetables, excluding potatoes, legumes, and maize, has declined for the second year in a row. In 2020, the region produced 1,999 thousand tonnes, marking a 14.7% decrease compared to 2019. Looking at the period from 2017 to 2020, production fell by 12%, which translates to an average annual decline of 4.2%. The highest production level was recorded in 2018 at 2,352 thousand tonnes, with the largest year-on-year increase of 3.5% also occurring that year.

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

In value, 2017-2020, M $ US

The value of frozen vegetable production in Asia, excluding potatoes, legumes, and maize, has also dropped for the second consecutive year. In 2020, output was valued at 2,610 million US dollars, representing a significant 11.5% decrease from 2019. From 2017 to 2020, production value declined by 13.2%, averaging an annual reduction of 4.6%. The peak value was reached in 2018 at 3,095 million US dollars, with the largest increase of 2.9% recorded that same year.

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

Exports frozen vegetables excluding potatoes, legumes and maize from Asia

Exports in kind, K t

After two years of growth, Asia's exports of frozen vegetables, excluding potatoes, legumes, and maize, declined in volume. In 2020, exports totaled 877.6 thousand tonnes, a 2.5% decrease from the previous year. Over the 2017-2020 period, however, exports increased by 8.2%, with a compound annual growth rate of 2.7%. The highest export volume was in 2019 at 900.0 thousand tonnes, which also saw the largest increase of 7.2%.

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

From 2017 to 2020, Asia's exports of frozen vegetables, excluding potatoes, legumes, and maize, were distributed across many markets. The United States accounted for 10.7% of export volume, the United Kingdom for 5.0%, and Russia for 2.7%. Together, these three countries represented only 18.4% of total exports, indicating a highly diversified market structure.

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

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

Exports in value, M $ US

Asia's exports of frozen vegetables, excluding potatoes, legumes, and maize, have increased in value for the third consecutive year. In 2020, export value reached 1,146 million US dollars, up 1.1% from 2019. Between 2017 and 2020, export value grew by 6.7%, with an average annual growth rate of 2.2%.

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

Between 2017 and 2020, the export market in value terms was highly fragmented. The United States accounted for 9.4% of export value, the United Kingdom for 3.8%, and Italy for 3.5%. Combined, these three countries made up just 16.7% of total exports, with the remaining 83.3% spread across numerous other destinations.

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

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

Imports frozen vegetables excluding potatoes, legumes and maize to Asia

Imports in kind, K t

In 2020, Asia's imports of frozen vegetables, excluding potatoes, legumes, and maize, totaled 574.3 thousand tonnes, a 3.6% increase from 2019. Over the 2017-2020 period, imports decreased by 16.6%, with an average annual decline of 5.9%. The lowest import volume was in 2019 at 554.6 thousand tonnes, while the highest was in 2018 at 734.4 thousand tonnes. The largest decline occurred in 2019 at 24.5%, and the largest increase was in 2018 at 6.6%.

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

From 2017 to 2020, Asia's imports of frozen vegetables, excluding potatoes, legumes, and maize, were widely dispersed among partner countries. Belgium accounted for 3.5% of import volume, Egypt for 3.5%, and Ecuador for 3.1%. Together, these three countries represented only 10.1% of total imports, highlighting a broad and diverse sourcing network.

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

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

Imports in value, M $ US

Asia's imports of frozen vegetables, excluding potatoes, legumes, and maize, have grown in value for the third year in a row. In 2020, import value reached 1,106 million US dollars, a 5.8% increase year-over-year. Between 2017 and 2020, import value rose by 11.9%, averaging an annual growth rate of 3.8%.

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

Over the 2017-2020 period, the geographical structure of Asia's imports in value terms was highly diversified. Ecuador accounted for 5.7% of import value, Egypt for 3.6%, and the United States for 3.1%. Combined, these three countries made up just 12.4% of total imports, with the remaining 87.6% distributed among many smaller partner countries.

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

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