MERCOSUR: Market for Frozen Vegetables other than Potato and Corn 2024

Market Size for Frozen Vegetables other than Potato and Corn in MERCOSUR

In 2022, after three years of growth, there was significant decline in the MERCOSUR market for frozen vegetables other than potato and corn, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Production of Frozen Vegetables other than Potato and Corn in MERCOSUR

In value terms, production of frozen vegetables other than potato and corn stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Frozen Vegetables other than Potato and Corn

Exports in MERCOSUR

For the fifth consecutive year, MERCOSUR recorded growth in overseas shipments of frozen vegetables other than potato and corn, which increased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of frozen vegetables other than potato and corn expanded sharply to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, Ecuador (X tons) was the largest exporter of frozen vegetables other than potato and corn, constituting X% of total exports. Peru (X tons) took the second position in the ranking, followed by Chile (X tons). All these countries together took approx. X% share of total exports.

Ecuador was also the fastest-growing in terms of the frozen vegetables other than potato and corn exports, with a CAGR of X% from 2012 to 2022. Peru experienced a relatively flat trend pattern. Chile (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ecuador increased by X percentage points.

In value terms, Ecuador ($X) remains the largest frozen vegetables other than potato and corn supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports.

In Ecuador, exports of frozen vegetables other than potato and corn increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (X% per year) and Chile (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Chile ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Frozen Vegetables other than Potato and Corn

Imports in MERCOSUR

In 2022, imports of frozen vegetables other than potato and corn in MERCOSUR rose sharply to X tons, growing by X% against the year before. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, imports of frozen vegetables other than potato and corn rose remarkably to $X in 2022. Over the period under review, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Brazil (X tons) and Chile (X tons) represented roughly X% of total imports in 2022. Colombia (X tons) held the next position in the ranking, followed by Uruguay (X tons) and Argentina (X tons). All these countries together held near X% share of total imports. Peru (X tons) and Ecuador (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Argentina (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Uruguay, Argentina, Peru and Ecuador lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Argentina, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Chile ($X per ton) and Brazil ($X per ton), while Uruguay ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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