Key Market Indicators
Lao Frozen Food Export is expected to reach $118 million by 2026, driven by an average growth rate of 2.5% year on year. This is up from $102 million in 2021, representing a 23.5% increase since 2015. In 2021, Lao came in 84th place, behind Brazil with $101 million. China, Spain and Mexico came in 2nd, 3rd and 4th respectively. Meanwhile, Lao Frozen Food Imports are projected to reach $2.9 billion by 2026, with an average annual growth rate of 4%. This is up from $2.3 billion in 2021, representing a 1.2% increase since 2015. In 2021, Lao came in 100th place, behind Ukraine at $2.3 billion. The United States, South Korea and Japan came in 2nd, 3rd and 4th respectively.
