Frozen Vegetables other than Potato and Corn Market

The global market for frozen vegetables, excluding potato and corn, is expected to experience an upward trend in consumption and value over the next eight years. Anticipated CAGR rates forecast growth in market volume and value by 2030. Analysis reveals fluctuations in consumption, production, import, and export volumes, with key countries like the United States, China, Belgium, and Germany playing significant roles. The article provides insights into types of frozen vegetables, average prices, and growth patterns across different product categories.

Market Forecast

Driven by increasing demand for frozen vegetables other than potato and corn worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.1% for the period from 2022 to 2030, which is projected to bring the market volume to 9.4M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.9% for the period from 2022 to 2030, which is projected to bring the market value to $16.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Frozen Vegetables other than Potato and Corn

In 2022, the amount of frozen vegetables other than potato and corn consumed worldwide dropped to 7.9M tons, waning by -2.4% on 2021 figures. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, global consumption of hit record highs at 8.7M tons in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

The revenue of the market for frozen vegetables other than potato and corn worldwide fell modestly to $11.4B in 2022, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 5.6% against the previous year. Global consumption peaked at $12.2B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (792K tons), France (786K tons) and Germany (663K tons), with a combined 28% share of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of corn, amongst the key consuming countries, was attained by the United States (with a CAGR of +3.3%), while corn for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($1.3B), the United States ($1.2B) and Italy ($1.1B) were the countries with the highest levels of market value in 2022, with a combined 32% share of the global market.

Among the main consuming countries, the United States, with a CAGR of +4.7%, saw the highest growth rate of market size over the period under review, while corn for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of per capita consumption of frozen vegetables other than potato and corn was registered in Belgium (35 kg per person), followed by Hungary (15 kg per person), France (12 kg per person) and Italy (9.8 kg per person), while the world average per capita consumption of frozen vegetables other than potato and corn was estimated at 1 kg per person.

From 2012 to 2022, the average annual growth rate of the per capita consumption of frozen vegetables other than potato and corn in Belgium totaled -1.2%. In the other countries, the average annual rates were as follows: Hungary (+1.7% per year) and France (-0.2% per year).

Production

World Production of Frozen Vegetables other than Potato and Corn

In 2022, global production of frozen vegetables other than potato and corn fell modestly to 8.3M tons, leveling off at the previous year's figure. The total output volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 4.9%. Over the period under review, global production of reached the peak volume at 8.7M tons in 2019; however, from 2020 to 2022, production failed to regain momentum.

In value terms, production of frozen vegetables other than potato and corn dropped to $11.2B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 13%. Global production peaked at $14.1B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (1.4M tons), Belgium (1.4M tons) and Spain (970K tons), with a combined 46% share of global production. Poland, Egypt, France, Mexico, Italy, the UK, the Netherlands, Germany, Turkey and Hungary lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of corn, amongst the leading producing countries, was attained by the UK (with a CAGR of +4.8%), while corn for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Frozen Vegetables other than Potato and Corn

In 2022, overseas purchases of frozen vegetables other than potato and corn decreased by -0.3% to 6.1M tons, falling for the third year in a row after six years of growth. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 6.6% against the previous year. Global imports peaked at 6.2M tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of frozen vegetables other than potato and corn amounted to $8.4B in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 9.4%. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports By Country

In 2022, the United States (912K tons), Japan (632K tons), Germany (597K tons), France (545K tons), Belgium (382K tons), the UK (376K tons) and South Korea (364K tons) was the main importer of frozen vegetables other than potato and corn in the world, mixing up 63% of total import. Italy (238K tons), the Netherlands (219K tons), Canada (153K tons), Spain (133K tons) and Australia (101K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +5.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($1.4B), Japan ($1.3B) and Germany ($718M) were the countries with the highest levels of imports in 2022, together accounting for 40% of global imports. France, the UK, Belgium, Italy, South Korea, the Netherlands, Canada, Spain and Australia lagged somewhat behind, together accounting for a further 37%.

The Netherlands, with a CAGR of +5.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

Vegetables; uncooked or cooked by steaming or boiling in water, frozen, n.e.s. in chapter 7 represented the key imported product with an import of about 3.2M tons, which amounted to 54% of total imports. Frozen vegetables and mixtures of vegetables (prepared or preserved) (744K tons) ranks second in terms of the total imports with a 12% share, followed by vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen (12%), vegetables, leguminous; peas (pisum sativum), shelled or unshelled, uncooked or cooked by steaming or boiling in water, frozen (7.1%), vegetables, leguminous; beans (vigna spp., phaseolus spp.), shelled or unshelled, uncooked or cooked by steaming or boiling in water, frozen (6.6%) and vegetables; spinach, new zealand spinach and orache spinach (garden spinach), uncooked or cooked by steaming or boiling in water, frozen (5.6%). Vegetables, leguminous; (other than peas or beans), shelled or unshelled, uncooked or cooked by steaming or boiling in water, frozen (163K tons) followed a long way behind the leaders.

Imports of vegetables; uncooked or cooked by steaming or boiling in water, frozen, n.e.s. in chapter 7 increased at an average annual rate of +1.5% from 2012 to 2022. At the same time, frozen vegetables and mixtures of vegetables (prepared or preserved) (+3.5%), vegetables; spinach, new zealand spinach and orache spinach (garden spinach), uncooked or cooked by steaming or boiling in water, frozen (+3.3%) and vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen (+2.0%) displayed positive paces of growth. Moreover, frozen vegetables and mixtures of vegetables (prepared or preserved) emerged as the fastest-growing type imported in the world, with a CAGR of +3.5% from 2012-2022. Vegetables, leguminous; (other than peas or beans), shelled or unshelled, uncooked or cooked by steaming or boiling in water, frozen, vegetables, leguminous; beans (vigna spp., phaseolus spp.), shelled or unshelled, uncooked or cooked by steaming or boiling in water, frozen and vegetables, leguminous; peas (pisum sativum), shelled or unshelled, uncooked or cooked by steaming or boiling in water, frozen experienced a relatively flat trend pattern. While the share of frozen vegetables and mixtures of vegetables (prepared or preserved) (+2 p.p.) increased significantly, the shares of the other products remained relatively stable throughout the analyzed period.

In value terms, vegetables; uncooked or cooked by steaming or boiling in water, frozen, n.e.s. in chapter 7 ($4.2B) constitutes the largest type of frozen vegetables other than potato and corn imported worldwide, comprising 50% of global imports. The second position in the ranking was taken by frozen vegetables and mixtures of vegetables (prepared or preserved) ($1.7B), with a 20% share of global imports. It was followed by vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen, with an 11% share.

For vegetables; uncooked or cooked by steaming or boiling in water, frozen, n.e.s. in chapter 7, imports expanded at an average annual rate of +2.8% over the period from 2012-2022. For the other products, the average annual rates were as follows: frozen vegetables and mixtures of vegetables (prepared or preserved) (+5.2% per year) and vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen (+2.0% per year).

Import Prices By Type

In 2022, the average import price for frozen vegetables other than potato and corn amounted to $1,391 per ton, increasing by 2.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2018 when the average import price increased by 5.8%. Global import price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major imported products. In 2022, the product with the highest price was frozen vegetables and mixtures of vegetables (prepared or preserved) ($2,275 per ton), while the price for vegetables; spinach, new zealand spinach and orache spinach (garden spinach), uncooked or cooked by steaming or boiling in water, frozen ($1,025 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by prepared frozen vegetable (+1.6%), while the other products experienced more modest paces of growth.

Import Prices By Country

The average import price for frozen vegetables other than potato and corn stood at $1,391 per ton in 2022, surging by 2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2018 an increase of 5.8% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($2,050 per ton), while South Korea ($861 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Frozen Vegetables other than Potato and Corn

In 2022, global exports of frozen vegetables other than potato and corn expanded modestly to 6.4M tons, picking up by 2.2% compared with the year before. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 6.3% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of frozen vegetables other than potato and corn rose to $8.6B in 2022. The total export value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by 9%. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports By Country

Belgium (1.4M tons) and China (1.2M tons) represented the main exporters of frozen vegetables other than potato and corn in 2022, recording approx. 22% and 19% of total exports, respectively. It was distantly followed by Spain (668K tons), Poland (444K tons), Mexico (384K tons) and the Netherlands (345K tons), together mixing up a 29% share of total exports. France (249K tons), Egypt (203K tons), Canada (134K tons), the United States (120K tons), Portugal (117K tons), Ecuador (116K tons) and Germany (105K tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Egypt (with a CAGR of +7.1%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest frozen vegetables other than potato and corn supplying countries worldwide were China ($1.7B), Belgium ($1.5B) and Spain ($812M), together accounting for 46% of global exports. Mexico, the Netherlands, Poland, France, Egypt, the United States, Germany, Ecuador, Canada and Portugal lagged somewhat behind, together comprising a further 36%.

Ecuador, with a CAGR of +7.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

Vegetables; uncooked or cooked by steaming or boiling in water, frozen, n.e.s. in chapter 7 was the main exported product with an export of around 3.5M tons, which reached 54% of total exports. Frozen vegetables and mixtures of vegetables (prepared or preserved) (789K tons) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen (11%), vegetables, leguminous; peas (pisum sativum), shelled or unshelled, uncooked or cooked by steaming or boiling in water, frozen (7.4%), vegetables, leguminous; beans (vigna spp., phaseolus spp.), shelled or unshelled, uncooked or cooked by steaming or boiling in water, frozen (6%) and vegetables; spinach, new zealand spinach and orache spinach (garden spinach), uncooked or cooked by steaming or boiling in water, frozen (5.3%). Vegetables, leguminous; (other than peas or beans), shelled or unshelled, uncooked or cooked by steaming or boiling in water, frozen (204K tons) followed a long way behind the leaders.

Exports of vegetables; uncooked or cooked by steaming or boiling in water, frozen, n.e.s. in chapter 7 increased at an average annual rate of +2.4% from 2012 to 2022. At the same time, vegetables; spinach, new zealand spinach and orache spinach (garden spinach), uncooked or cooked by steaming or boiling in water, frozen (+3.4%), frozen vegetables and mixtures of vegetables (prepared or preserved) (+3.2%), vegetables, leguminous; (other than peas or beans), shelled or unshelled, uncooked or cooked by steaming or boiling in water, frozen (+1.7%), vegetables, leguminous; beans (vigna spp., phaseolus spp.), shelled or unshelled, uncooked or cooked by steaming or boiling in water, frozen (+1.3%), vegetables, leguminous; peas (pisum sativum), shelled or unshelled, uncooked or cooked by steaming or boiling in water, frozen (+1.2%) and vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen (+1.1%) displayed positive paces of growth. Moreover, vegetables; spinach, new zealand spinach and orache spinach (garden spinach), uncooked or cooked by steaming or boiling in water, frozen emerged as the fastest-growing type exported in the world, with a CAGR of +3.4% from 2012-2022. The shares of the largest types remained relatively stable throughout the analyzed period.

In value terms, vegetables; uncooked or cooked by steaming or boiling in water, frozen, n.e.s. in chapter 7 ($4.3B) remains the largest type of frozen vegetables other than potato and corn supplied worldwide, comprising 50% of global exports. The second position in the ranking was held by frozen vegetables and mixtures of vegetables (prepared or preserved) ($1.8B), with a 21% share of global exports. It was followed by vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen, with a 10% share.

For vegetables; uncooked or cooked by steaming or boiling in water, frozen, n.e.s. in chapter 7, exports increased at an average annual rate of +3.4% over the period from 2012-2022. With regard to the other exported products, the following average annual rates of growth were recorded: frozen vegetables and mixtures of vegetables (prepared or preserved) (+5.4% per year) and vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen (+1.2% per year).

Export Prices By Type

The average export price for frozen vegetables other than potato and corn stood at $1,351 per ton in 2022, growing by 2.6% against the previous year. Overall, the export price recorded a slight expansion. The pace of growth appeared the most rapid in 2021 an increase of 7.2%. The global export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by the product type; the product with the highest price was frozen vegetables and mixtures of vegetables (prepared or preserved) ($2,328 per ton), while the average price for exports of vegetables; spinach, new zealand spinach and orache spinach (garden spinach), uncooked or cooked by steaming or boiling in water, frozen ($970 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by prepared frozen vegetable (+2.1%), while the other products experienced more modest paces of growth.

Export Prices By Country

In 2022, the average export price for frozen vegetables other than potato and corn amounted to $1,351 per ton, growing by 2.6% against the previous year. Over the period under review, the export price continues to indicate mild growth. The pace of growth was the most pronounced in 2021 an increase of 7.2% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($1,969 per ton), while Poland ($894 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform