ASEAN: Bumper Market 2025

Bumper Market Size in ASEAN

For the third year in a row, the ASEAN bumper market recorded decline in sales value, which decreased by -0.3% to $X in 2022. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Bumper Production in ASEAN

In value terms, bumper production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 15%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Bumper Exports

Exports in ASEAN

In 2022, after two years of growth, there was significant decline in overseas shipments of bumpers, when their volume decreased by -6% to X tons. Over the period under review, exports recorded a mild shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bumper exports dropped to $X in 2022. Overall, exports saw a pronounced descent. The pace of growth was the most pronounced in 2021 when exports increased by 39%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the key exporting country with an export of around X tons, which finished at 62% of total exports. It was distantly followed by Singapore (X tons), Malaysia (X tons) and Indonesia (X tons), together mixing up a 32% share of total exports. Vietnam (X tons) and the Philippines (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to bumper exports from Thailand stood at +8.0%. At the same time, the Philippines (+26.6%), Vietnam (+22.4%) and Indonesia (+3.9%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +26.6% from 2012-2022. By contrast, Malaysia (-2.5%) and Singapore (-13.5%) illustrated a downward trend over the same period. Thailand (+36 p.p.), Vietnam (+3.7 p.p.) and Indonesia (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Singapore saw its share reduced by -1.5% and -42.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bumper supplying countries in ASEAN were Thailand ($X), Singapore ($X) and Malaysia ($X), together accounting for 90% of total exports. Indonesia, the Philippines and Vietnam lagged somewhat behind, together accounting for a further 10%.

The Philippines, with a CAGR of +41.5%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, with a decrease of -3.3% against the previous year. Overall, the export price saw a slight decrease. The pace of growth appeared the most rapid in 2013 when the export price increased by 9.8%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Indonesia ($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 (+11.8%), while the other leaders experienced mixed trends in the export price figures.

Bumper Imports

Imports in ASEAN

In 2022, overseas purchases of bumpers increased by 7.4% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 28%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, bumper imports declined to $X in 2022. Overall, imports, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X tons), Malaysia (X tons), Myanmar (X tons), Indonesia (X tons), Singapore (X tons) and Vietnam (X tons) represented roughly 94% of total imports in 2022. It was distantly followed by the Philippines (X tons), constituting a 5.3% share 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 Myanmar (with a CAGR of +46.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, with a combined 68% share of total imports. Indonesia, Vietnam, the Philippines and Myanmar lagged somewhat behind, together comprising a further 32%.

Myanmar, with a CAGR of +14.9%, saw 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

The import price in ASEAN stood at $X per ton in 2022, falling by -10.7% against the previous year. Overall, the import price recorded a slight downturn. The growth pace was the most rapid in 2021 an increase of 10%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Myanmar ($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 (+19.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform