Frozen Vegetables Market Overview in South Africa
In value terms, frozen vegetables production rose notably to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of % y-o-y. Frozen vegetables production peaked at $ in 2009; however, from 2010 to 2019, production failed to regain the momentum.
The size of the frozen vegetables market in South Africa expanded notably to $ in 2019, picking up by % 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2017 when the market value increased by % y-o-y. Frozen vegetables consumption peaked in 2019 and is likely to see gradual growth in the near future.