Frozen Fruit Market

The article provides an in-depth analysis of the global frozen fruit market, highlighting trends in consumption, volume, value, production, imports, exports, and average prices from 2012 to 2022. Key findings include forecasted growth rates in consumption, market performance, and market value. The leading countries in consumption, production, imports, and exports are identified, along with the fastest-growing segments within the frozen fruit market. Overall, the global frozen fruit market is expected to see steady growth in the coming years.

Market Forecast

Driven by increasing demand for frozen fruits worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market volume to 16M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.8% for the period from 2022 to 2030, which is projected to bring the market value to $32.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Frozen Fruits

In 2022, consumption of frozen fruits was finally on the rise to reach 12M tons after two years of decline. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.8% against 2019 indices. Over the period under review, global consumption hit record highs at 12M tons in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

The global frozen fruit market value rose to $22.5B in 2022, surging by 3.5% against 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). Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +76.4% against 2012 indices. Over the period under review, the global market reached the maximum level in 2022 and is expected to retain growth in the near future.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (2.2M tons), the United States (1.2M tons) and India (843K tons), with a combined 35% share of global consumption. Pakistan, Nigeria, Bangladesh, Indonesia, Germany, Mexico, Ethiopia, Kenya, Italy and France lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Nigeria (with a CAGR of +13.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($3.4B), the United States ($2.8B) and Pakistan ($1.2B) were the countries with the highest levels of market value in 2022, together accounting for 33% of the global market. Bangladesh, Nigeria, Ethiopia, Germany, France, Indonesia, Italy, Kenya, Mexico and India lagged somewhat behind, together comprising a further 20%.

Nigeria, with a CAGR of +13.5%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of frozen fruit per capita consumption in 2022 were Kenya (4.3 kg per person), Germany (3.8 kg per person) and the United States (3.5 kg per person).

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +10.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Frozen Fruits

In 2022, production of frozen fruits was finally on the rise to reach 12M tons for the first time since 2019, thus ending a two-year declining trend. In general, the total production indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.6% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 17% against the previous year. Over the period under review, global production attained the peak volume at 12M tons in 2019; however, from 2020 to 2022, production failed to regain momentum.

In value terms, frozen fruit production contracted slightly to $21B in 2022 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 22%. Over the period under review, global production hit record highs at $22.3B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

The country with the largest volume of frozen fruit production was China (2.1M tons), comprising approx. 18% of total volume. Moreover, frozen fruit production in China exceeded the figures recorded by the second-largest producer, India (869K tons), twofold. The third position in this ranking was taken by the United States (654K tons), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume in China stood at +5.1%. The remaining producing countries recorded the following average annual rates of production growth: India (+6.1% per year) and the United States (-1.0% per year).

Imports

World Imports of Frozen Fruits

In 2022, after ten years of growth, there was decline in supplies from abroad of frozen fruits, when their volume decreased by -1.9% to 3M tons. Overall, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.0% against 2012 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 8.9% against the previous year. Over the period under review, global imports reached the maximum at 3M tons in 2021, and then fell slightly in the following year.

In value terms, frozen fruit imports rose remarkably to $8B in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.7% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports By Country

In 2022, the United States (613K tons), distantly followed by Germany (345K tons), France (190K tons), China (172K tons), the Netherlands (169K tons), Belgium (150K tons), Canada (147K tons) and Poland (138K tons) represented the main importers of frozen fruits, together making up 65% of total imports. The following importers - Japan (87K tons), the UK (84K tons), Thailand (70K tons), Austria (66K tons) and South Korea (60K tons) - together made up 12% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +23.8%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($1.5B), China ($987M) and Germany ($795M) were the countries with the highest levels of imports in 2022, together comprising 41% of global imports. France, Canada, the Netherlands, Belgium, Poland, Japan, the UK, Austria, South Korea and Thailand lagged somewhat behind, together comprising a further 36%.

Among the main importing countries, Thailand, with a CAGR of +27.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

In 2022, frozen fruits and nuts (excluding strawberries, raspberries, blackberries, mulberries, loganberries, black, white or red currants, and gooseberries) (1.7M tons) represented the key type of frozen fruits, committing 57% of total imports. Frozen strawberries (805K tons) ranks second in terms of the total imports with a 27% share, followed by frozen raspberries, blackberries, mulberries, loganberries, black-, white- or red currants and gooseberries (16%).

Frozen fruits and nuts (excluding strawberries, raspberries, blackberries, mulberries, loganberries, black, white or red currants, and gooseberries) was also the fastest-growing in terms of imports, with a CAGR of +5.4% from 2012 to 2022. At the same time, frozen strawberries (+3.6%) and frozen raspberries, blackberries, mulberries, loganberries, black-, white- or red currants and gooseberries (+2.4%) displayed positive paces of growth. While the share of frozen fruits and nuts (excluding strawberries, raspberries, blackberries, mulberries, loganberries, black, white or red currants, and gooseberries) (+5.2 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of frozen strawberries (-1.9 p.p.) and frozen raspberries, blackberries, mulberries, loganberries, black-, white- or red currants and gooseberries (-3.2 p.p.) displayed negative dynamics.

In value terms, frozen fruits and nuts (excluding strawberries, raspberries, blackberries, mulberries, loganberries, black, white or red currants, and gooseberries) ($4.7B) constitutes the largest type of frozen fruits imported worldwide, comprising 59% of global imports. The second position in the ranking was held by frozen raspberries, blackberries, mulberries, loganberries, black-, white- or red currants and gooseberries ($1.9B), with a 23% share of global imports.

For frozen fruits and nuts (excluding strawberries, raspberries, blackberries, mulberries, loganberries, black, white or red currants, and gooseberries), imports increased at an average annual rate of +7.1% over the period from 2012-2022. With regard to the other imported products, the following average annual rates of growth were recorded: frozen raspberries, blackberries, mulberries, loganberries, black-, white- or red currants and gooseberries (+9.0% per year) and frozen strawberries (+4.0% per year).

Import Prices By Type

The average frozen fruit import price stood at $2,706 per ton in 2022, rising by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 16% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by the product type; the product with the highest price was frozen raspberries, blackberries, mulberries, loganberries, black-, white- or red currants and gooseberries ($4,012 per ton), while the price for frozen strawberries ($1,765 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by frozen raspberries, blackberries, mulberries, loganberries, black-, white- or red currants and gooseberries (+6.4%), while the other products experienced more modest paces of growth.

Import Prices By Country

In 2022, the average frozen fruit import price amounted to $2,706 per ton, increasing by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2021 an increase of 16% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($5,753 per ton), while the Netherlands ($2,042 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Frozen Fruits

After five years of growth, shipments abroad of frozen fruits decreased by -6.4% to 2.8M tons in 2022. The total export volume increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 12% against the previous year. The global exports peaked at 3M tons in 2021, and then reduced in the following year.

In value terms, frozen fruit exports expanded slightly to $7.4B in 2022. In general, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.7% against 2016 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports By Country

In 2022, Poland (329K tons), followed by Serbia (176K tons), Canada (176K tons), Mexico (165K tons), Chile (162K tons), Peru (148K tons) and Egypt (140K tons) were the main exporters of frozen fruits, together generating 47% of total exports. The Netherlands (116K tons), Morocco (109K tons), China (109K tons), Thailand (104K tons), the United States (94K tons) and Belgium (94K tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +27.2%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest frozen fruit supplying countries worldwide were Poland ($731M), Serbia ($615M) and Chile ($540M), together accounting for 25% of global exports. Canada, Thailand, Mexico, Peru, Egypt, the United States, the Netherlands, Belgium, China and Morocco lagged somewhat behind, together comprising a further 44%.

In terms of the main exporting countries, Egypt, with a CAGR of +28.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

Frozen fruits and nuts (excluding strawberries, raspberries, blackberries, mulberries, loganberries, black, white or red currants, and gooseberries) represented the major type of frozen fruits in the world, with the volume of exports reaching 1.6M tons, which was near 59% of total exports in 2022. Frozen strawberries (704K tons) ranks second in terms of the total exports with a 25% share, followed by frozen raspberries, blackberries, mulberries, loganberries, black-, white- or red currants and gooseberries (16%).

Frozen fruits and nuts (excluding strawberries, raspberries, blackberries, mulberries, loganberries, black, white or red currants, and gooseberries) was also the fastest-growing in terms of exports, with a CAGR of +5.3% from 2012 to 2022. At the same time, frozen strawberries (+2.2%) and frozen raspberries, blackberries, mulberries, loganberries, black-, white- or red currants and gooseberries (+1.7%) displayed positive paces of growth. Frozen fruits and nuts (excluding strawberries, raspberries, blackberries, mulberries, loganberries, black, white or red currants, and gooseberries) (+7.8 p.p.) significantly strengthened its position in terms of the global exports, while frozen raspberries, blackberries, mulberries, loganberries, black-, white- or red currants and gooseberries and frozen strawberries saw its share reduced by -3.6% and -4.2% from 2012 to 2022, respectively.

In value terms, frozen fruits and nuts (excluding strawberries, raspberries, blackberries, mulberries, loganberries, black, white or red currants, and gooseberries) ($4.3B) remains the largest type of frozen fruits supplied worldwide, comprising 58% of global exports. The second position in the ranking was held by frozen raspberries, blackberries, mulberries, loganberries, black-, white- or red currants and gooseberries ($1.8B), with a 24% share of global exports.

For frozen fruits and nuts (excluding strawberries, raspberries, blackberries, mulberries, loganberries, black, white or red currants, and gooseberries), exports increased at an average annual rate of +6.8% over the period from 2012-2022. With regard to the other exported products, the following average annual rates of growth were recorded: frozen raspberries, blackberries, mulberries, loganberries, black-, white- or red currants and gooseberries (+8.9% per year) and frozen strawberries (+4.3% per year).

Export Prices By Type

The average frozen fruit export price stood at $2,683 per ton in 2022, rising by 9.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2021 an increase of 16% against the previous year. The global export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exported products. In 2022, the product with the highest price was frozen raspberries, blackberries, mulberries, loganberries, black-, white- or red currants and gooseberries ($4,025 per ton), while the average price for exports of frozen strawberries ($1,947 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by frozen raspberries, blackberries, mulberries, loganberries, black-, white- or red currants and gooseberries (+7.1%), while the other products experienced more modest paces of growth.

Export Prices By Country

In 2022, the average frozen fruit export price amounted to $2,683 per ton, with an increase of 9.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2021 an increase of 16% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady 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 Thailand ($4,737 per ton), while Morocco ($1,769 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform