Frozen vegetables excluding potatoes, legumes and maize market in South-eastern Asia

Earlier Report Observations

Between 2018 and 2021, the frozen vegetables market in South-eastern Asia expanded consistently, with volume rising from 193.7 to 277.0 thousand tons and value growing from 279.2 to 400.0 million USD.

After years of growth, the market volume stabilized in 2022 at 272.2 thousand tons, while value reached 408.3 million USD driven by a 16% increase in Asian import prices. The following year saw a shift toward higher-value products, with value climbing to 440.2 million USD even as volume dipped to 260.7 thousand tons, supported by new international product lines and partnerships like Woolworths Australia's collaboration with local suppliers for sustainable private-label offerings.

Moving into 2024, key developments include Green Giant's launch of twelve new frozen vegetable products aimed at the Asia-Pacific region and the debut of the Precia brand by BigBasket and chef Sanjeev Kapoor, which uses individual quick-freezing technology. Government efforts to enhance food security and cold chain infrastructure are further accelerating frozen vegetable adoption in the region.

Production frozen vegetables excluding potatoes, legumes and maize in South-eastern 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

In South-eastern Asia, production of frozen vegetables excluding potatoes, legumes and maize reached 228.3 thousand tonnes in 2020, marking a slight decrease of 1.4% from the previous year. Looking at the broader period from 2017 to 2020, production grew by 23.3%, with a compound annual growth rate of 7.2%. The lowest production level was recorded in 2018 at 179.0 thousand tonnes, while the peak occurred in 2019 with 231.5 thousand tonnes. The most significant decline was observed in 2018 at 3.4%, whereas the largest increase took place in 2019, rising by 29.3%.

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

In value, 2017-2020, M $ US

South-eastern Asia's production of frozen vegetables excluding potatoes, legumes and maize, measured in value terms, expanded for the third consecutive year. In 2020, the output was valued at 348.7 million US dollars, representing a 4.2% increase compared to 2019. Over the period from 2017 to 2020, production value rose by 20.9%, translating to an annualized growth rate of 6.5%.

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

Exports frozen vegetables excluding potatoes, legumes and maize from South-eastern Asia

Exports in kind, t

Exports of frozen vegetables excluding potatoes, legumes and maize from South-eastern Asia continued to grow for the third year in a row. In 2020, the region exported 45 562 tonnes, which is 26.0% higher than the previous year. From 2017 to 2020, export volumes increased by 34.8%, with a compound annual growth rate of 10.5%.

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

During the period from 2017 to 2020, Japan, South Korea, and the United States were the key export partners in terms of volume. 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 South-eastern Asia in kind, 2017-2020

Exports in value, K $ US

In 2020, South-eastern Asia's exports of frozen vegetables excluding potatoes, legumes and maize, measured in value, amounted to 69 599 thousand US dollars, reflecting a 33.2% increase from the previous year. Between 2017 and 2020, export value grew by 32.2%, equating to an annualized rate of 9.8%. The lowest value was recorded in 2019 at 52 248 thousand US dollars, which also saw the largest decline of 10.4%.

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

From 2017 to 2020, the three largest markets for exports in value terms were Japan, South Korea, and Hong Kong. Together, they accounted for 69.3% of total export flows, maintaining their central position in the region's export structure.

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

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

Imports frozen vegetables excluding potatoes, legumes and maize to South-eastern Asia

Imports in kind, t

Import volumes of frozen vegetables excluding potatoes, legumes and maize into South-eastern Asia showed notable volatility during this period. The lowest point was recorded in 2019 at 30 637 tonnes, while imports peaked in 2020 at 68 251 tonnes, representing a 2.2-fold difference. In 2020, imports surged by 122.8% compared to the previous year. The largest decline occurred in 2019, falling by 39.6%.

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

In the period from 2017 to 2020, China, the United States, and Denmark were the main sources of imports in volume terms for South-eastern Asia. China contributed 51.8% of imports, the United States 16.3%, and Denmark 10.8%. Collectively, these three countries accounted for 78.8% of total import flows.

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

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

Imports in value, K $ US

Import values of frozen vegetables excluding potatoes, legumes and maize into South-eastern Asia experienced significant fluctuations from 2017 to 2020. The lowest value was recorded in 2019 at 29 708 thousand US dollars, while the highest was in 2020 at 66 091 thousand US dollars, showing a 2.2-fold gap. In 2020, import value jumped by 122.5% from the previous year. The largest decline was in 2019, dropping by 37.8%.

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

From 2017 to 2020, China, the United States, and Denmark remained the primary sources of imports in value terms for South-eastern Asia. 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 value.

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

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