Frozen vegetables excluding potatoes, legumes and maize market in Thailand

Earlier Report Observations

The processed fruit and vegetable market in Thailand had shown steady growth leading into 2018, benefiting from demand from the food service sector. However, the volume of the frozen vegetable market began to contract in 2019. In 2020, the detection of pesticide residues in vegetables and fruits by the Thai-PAN network reduced consumer confidence and consumption, explaining the further decline in market volume to 55 197 tons. The market rebounded in 2021, reaching 59 555 tons, supported by the market leadership of Charoen Pokphand Foods (CPF) in the frozen food segment, recognized for its quality and standards.

Growth continued through 2022 and 2023, with the market volume rising to 66 358 tons and then 69 123 tons. This expansion was driven by the growing frozen food market, whose products gained popularity due to their convenience for urban lifestyles and competitive pricing. Major players and new brands expanded distribution through channels such as 7-Eleven, Makro, and Lotus's, increasing product accessibility. Furthermore, sustained export demand from markets like Taiwan, which continued to import Thai frozen vegetables including sweet corn and peas, supported production activity.

Production frozen vegetables excluding potatoes, legumes and maize in Thailand

In kind, 2017-2020, t

On a global scale, Thailand ranked as the 16th largest producer of frozen vegetables, excluding potatoes, legumes, and maize, during the period from 2017 to 2020.

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

Thailand's production of frozen vegetables, excluding potatoes, legumes, and maize, declined for the third consecutive year. In 2020, the country produced 61 928 tonnes, which is 1.4% lower than in 2019. Over the period from 2017 to 2020, production decreased by 2.8%, translating to an annualized decline of 0.9%.

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

In value, 2017-2020, M $ US

Thailand's production of frozen vegetables, excluding potatoes, legumes, and maize, declined for the second consecutive year. In 2020, the output was valued at 99.2 million US dollars, marking a 29.3% decrease from the previous year. From 2017 to 2020, production fell by 31.3%, with a compound annual growth rate of -11.8%. The highest value was recorded in 2018 at 156.5 million US dollars, which also saw the largest increase of 8.4%.

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

Exports frozen vegetables excluding potatoes, legumes and maize from Thailand

Exports in kind, t

The data shows irregular changes, reflecting a volatile market environment. Exports reached their lowest point in 2019 at 7 485 tonnes, with a decline of 25.3%, and then peaked in 2020 at 17 481 tonnes, representing a sharp year-over-year increase of 133.5%. This resulted in a 2.3-fold difference between the two years.

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

From 2017 to 2020, Japan, Hong Kong, and Malaysia formed the core group of markets for exports in kind, accounting for 29.9%, 22.5%, and 20.6% of total flows, respectively. Together, they represented 72.9% of all exports.

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

In 2020, Thailand's cross-border shipments of frozen vegetables, excluding potatoes, legumes, and maize, were valued at 28 006 thousand US dollars, up by 67.5% compared to 2019. The lowest value was recorded in 2019 at 16 722 thousand US dollars, with a decline of 32.4%. Over the period from 2017 to 2020, exports increased by 36.2%, equating to an annualized growth rate of 10.8%.

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

Throughout 2017 to 2020, Japan, Hong Kong, and the United States remained the three largest markets for exports in value terms, collectively accounting for 73.9% of total flows.

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 vegetables excluding potatoes, legumes and maize to Thailand

Imports in kind, t

The market exhibited an unstable trend throughout the timeframe. Imports fell to their lowest point in 2019 at 4 144 tonnes, with a decline of 56.6%, and then hit their maximum in 2020 at 10 750 tonnes, representing an abrupt year-over-year gain of 159.4%. This created a 2.6-fold difference between these years.

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

From 2017 to 2020, China dominated the country structure of imports in kind, accounting for 89.7% of total flows, while other destinations contributed relatively small shares.

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

The data reveals irregular changes, indicating a volatile market environment. Imports bottomed in 2019 at 3 928 thousand US dollars, with a decline of 60.7%, and then peaked in 2020 at 10 350 thousand US dollars, corresponding to an uptick of 163.5% compared to 2019. This resulted in a 2.6-fold difference between the two years.

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

Over the period from 2017 to 2020, China consistently accounted for 83.8% of total imports in value terms, indicating a high concentration on this market, while the remainder was distributed among other countries.

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

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