OVERVIEW

Frozen vegetables are vegetables that have been cleaned, cut and frozen in a way that can preserve their flavor, nutrients and texture. They are used to

  • Save time, since they were washed and cut beforehand;
  • Reduce food waste, because you can just use the amount you need for the meals you want and then the rest can be conserved in the freezer;
  • Always have some kinds of vegetables that are not available all year round due to seasonal cultivations;
  • Prepare quick and tasty meals.

In 2023, global trade of Frozen Vegetables reached $8.35B, reflecting a percentage increase of 7.74 from 2022, when it totaled $7.75B and, over the past five years, trade in this category has grown at an annualized rate of 3.76%.

During the same year, it was also estimated that Frozen Vegetables ranked 405 in global trade value among the other 1217 products, accounting for a percentage of 0.037, and it was the 804th most complex product out of 1044, with a PCI value of -0.8.

EXPORT AND IMPORT

In 2023, the leading exporters of Frozen Vegetables were

  • China - $1.55B;
  • Belgium - $1.43B;
  • Spain - $716M.

On the other hand, during the same year the main characters in the importing scenario were

  • United States - $1.33B;
  • Japan - $1.04B;
  • Germany - $707M.

GROWTH POTENTIAL

During 2022 it was estimated that the largest export potential for China’s Frozen Vegetables was United States, with an amount of $100M and a predicted potential of $43,8M; This could lead to possible total exports of $144M and a percentage increase of 43.6%, compared to the current value.

DISAGGREGATION

CONCLUSIONS

Frozen vegetables are a convenient and nutritious way to always have some kind of healthy option in our everyday meals, regardless of their growing season; they fall under the Vegetable Product section and are divided into numerous by-products, for example Frozen Miscellaneous Vegetables, Frozen Vegetable Mixtures, Frozen peas, Frozen Sweet Corn and Frozen Beans.

In 2023, the main characters in the exporting scenario were China, Belgium and Spain; On the other hand, the countries that registered the most importations were United States, Japan and Germany.

Source: https://oec.world/en

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