Frozen vegetables market in South America

Earlier Report Observations

The frozen vegetables market in South America demonstrated a clear upward trajectory from 2018 to 2023, growing by 139.4 thousand tonnes or 41.6% over the six-year period. The market volume climbed from 335.3 thousand tonnes to 474.7 thousand tonnes, with the most significant surge occurring in 2023.

A temporary setback was observed in 2022 when the market size dipped to 415.8 thousand tonnes, interrupting the previous years of growth. However, this was quickly offset by a robust recovery the following year, pushing the market to a new peak.

Underlying this expansion were increases in both domestic production and imports. Production rose from 397.7 thousand tonnes in 2018 to 437.3 thousand tonnes in 2023, while imports grew from 64.2 thousand tonnes to 98.6 thousand tonnes over the same period, contributing substantially to market supply.

Production frozen vegetables in South America

In kind, 2017-2020, K t

Top producers of frozen vegetables, 2017-2020

World map of production of frozen vegetables, 2017-2020

South America's frozen vegetable production has increased for the second consecutive year. In 2020, the region produced 454.4 thousand tons of frozen vegetables, marking a 4.2% rise from 2019. Over the period from 2017 to 2020, production grew by 9.4%, with a compound annual growth rate of 3.0%. The lowest production level was recorded in 2018 at 397.7 thousand tons, which also saw the largest decline of 4.3%. In contrast, the largest increase occurred in 2019, with a 9.6% jump.

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

In value, 2017-2020, M $ US

Frozen vegetable production in South America has increased for the second consecutive year. In 2020, the output was valued at 936.4 million US dollars, up 3.6% from the previous year. Between 2017 and 2020, production rose by 10.4%, equating to an annualized growth rate of 3.4%. The lowest value was recorded in 2018 at 834.4 million US dollars, which also experienced the largest decline of 1.6%. The largest increase was in 2019, with an 8.3% rise.

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

Exports frozen vegetables from South America

Exports in kind, K t

Frozen vegetable exports from South America have increased for the third consecutive year. In 2020, the region exported 138.9 thousand tons of frozen vegetables, which is 4.9% higher than in 2019. Over the period from 2017 to 2020, exports grew by 25.3%, with a compound annual growth rate of 7.8%.

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

From 2017 to 2020, the three largest markets for frozen vegetable exports in kind were the United States, Japan, and Germany, which together accounted for 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 America in kind, 2017-2020

Exports in value, M $ US

Frozen vegetable exports from South America have increased for the third consecutive year. In 2020, exports were valued at 286.4 million US dollars, representing a 4.3% rise compared to 2019. Between 2017 and 2020, exports grew by 26.5%, equating to an annualized growth rate of 8.2%.

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

From 2017 to 2020, the largest buyers of frozen vegetables from South America in value terms were the United States, accounting for 40.4% of exports, Japan at 25.7%, and Spain at 6.4%. Together, these three markets formed 72.5% of total export value.

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

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

Imports frozen vegetables to South America

Imports in kind, K t

Frozen vegetable imports into South America have increased for the third consecutive year. In 2020, imports reached 77.9 thousand tons, which is 8.7% higher than in the previous year. Over the period from 2017 to 2020, imports grew by 29.1%, with a compound annual growth rate of 8.9%.

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

From 2017 to 2020, the largest suppliers of frozen vegetables to South America in kind were Belgium, with 42.0% of imports, Spain at 13.0%, and the United States at 12.1%. Together, these three countries accounted for 67.0% of total import volumes.

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

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

Imports in value, M $ US

South America's frozen vegetable imports have increased for the third consecutive year. In 2020, imports were valued at 88.7 million US dollars, up 12.7% from the previous year. Over the period from 2017 to 2020, imports grew by 33.7%, with a compound annual growth rate of 10.2%.

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

From 2017 to 2020, the leading suppliers in value terms for frozen vegetable imports into South America were Belgium, with 38.8% of imports, the United States at 13.6%, and Spain at 13.1%. Together, these three countries represented 65.6% of total import flows.

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

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