Belgium Strengthens Leadership in European Frozen Vegetable Exports
IndexBox has just published a new report: ‘EU – Frozen Vegetable – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
Frozen vegetable exports in the EU fell by -6.5% y-o-y to $8.4B in 2020. Belgium, the largest European exporter of frozen vegetables, strengthened its position in terms of total exports despite reducing its supplies. The average frozen vegetable export price in the EU remained relatively unchanged from the previous year.
Frozen Vegetable Exports in the EU
Frozen vegetable exports reduced to 8.6M tonnes in 2020, dropping by -7.3% compared with the previous year’s figure. In value terms, frozen vegetable exports contracted to $8.4B (IndexBox estimates), falling by -6.5% y-o-y in 2020.
In value terms, Belgium ($3.3B), the Netherlands ($1.9B) and Spain ($818M) constituted the countries with the highest levels of exports in 2020, together accounting for 72% of total exports. In 2020, Belgium (3.9M tonnes) represented the largest exporter of frozen vegetables, generating 45% of total exports. The Netherlands (1,896K tonnes) ranks second in terms of total exports with a 22% share, followed by Spain (8.5%), Poland (7%), France (6.8%) and Germany (5.1%).
Exports from Belgium decreased by -2.3% y-o-y in 2020. Spain (-1.7%), Germany (-6.1%), Poland (-9.5%), France (-11.4%) and the Netherlands (-15.4%) also illustrated the same downward trend.
The frozen vegetable export price in the EU stood at $974 per tonne in 2020, almost unchanged from the previous year. Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in France ($1,181 per tonne) and Germany ($1,127 per tonne), while Poland ($831 per tonne) and Belgium ($867 per tonne) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
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