The export value of frozen vegetables from Indonesia was $25 million in 2023. The forecasted data from 2024 to 2028 shows a steady year-on-year growth. Specifically, the exports are projected to grow from $26.162 million in 2024 to $28.999 million in 2028, indicating a consistent upward trend.
Year-on-year percentage changes are as follows:
- 2025: 2.8% increase
- 2026: 2.7% increase
- 2027: 2.5% increase
- 2028: 2.4% increase
This consistent growth reflects an average compound annual growth rate (CAGR) of approximately 2.8% over the five-year period.
Future trends to watch for:
- Increased global demand for ready-to-eat and easy-to-store food products could drive further growth.
- Export policies and international trade agreements may impact market dynamics.
- Adoption of advanced freezing and packaging technologies could improve product quality and market reach.