ASEAN: Biological Product Market 2025

Biological Product Market Size in ASEAN

The ASEAN biological product market skyrocketed to $X in 2022, picking up by X% against the previous year. In general, consumption, however, continues to indicate a strong expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Biological Product Production in ASEAN

In value terms, biological product production skyrocketed to $X in 2022 estimated in export price. In general, production showed a buoyant increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Biological Product Exports

Exports in ASEAN

In 2022, the amount of biological products exported in ASEAN declined significantly to X tons, which is down by X% compared with 2021 figures. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then plummeted in the following year.

In value terms, biological product exports reduced to $X in 2022. In general, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

Singapore (X tons) and Vietnam (X tons) dominates exports structure, together constituting X% of total exports. Thailand (X tons) ranks next in terms of the total exports with a X% share, followed by Indonesia (X%). Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest biological product supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Singapore stood at X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price showed strong growth. As a result, the export price reached the peak level and is likely to continue 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 Singapore ($X,937 per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Biological Product Imports

Imports in ASEAN

In 2022, after three years of growth, there was significant decline in purchases abroad of biological products, when their volume decreased by X% to X tons. Overall, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then shrank markedly in the following year.

In value terms, biological product imports declined sharply to $X in 2022. In general, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

Vietnam represented the largest importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by the Philippines (X tons), making up a X% share of total imports. The following importers - Malaysia (X tons), Brunei Darussalam (X tons), Thailand (X tons), Singapore (X tons) and Indonesia (X tons) - together made up X% of total imports.

Imports into Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Singapore (X%), Brunei Darussalam (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, Thailand (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (X p.p.), Malaysia (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest biological product importing markets in ASEAN were Vietnam ($X), the Philippines ($X) and Singapore ($X), with a combined X% share of total imports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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 Singapore ($X,294 per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform