ASEAN: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in ASEAN

In 2022, the ASEAN market for malt extract and food preparations of flour, meal, and starches decreased by -5.5% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption continues to indicate a slight slump. The most prominent rate of growth was recorded in 2017 with an increase of 8.4%. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in ASEAN

In value terms, production of malt extract and food preparations of flour, meal, and starches rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 24% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports in ASEAN

In 2022, after two years of decline, there was growth in shipments abroad of malt extract and food preparations of flour, meal, and starches, when their volume increased by 1.5% to X tons. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 13%. Over the period under review, the exports of reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of malt extract and food preparations of flour, meal, and starches rose to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 16%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia represented the key exporter of malt extract and food preparations of flour, meal, and starches in ASEAN, with the volume of exports accounting for X tons, which was near 51% of total exports in 2022. Singapore (X tons) held a 30% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (13%). The following exporters - Vietnam (X tons) and Indonesia (X tons) - each recorded a 6.1% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +15.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch supplying countries in ASEAN were Singapore ($X), Malaysia ($X) and Thailand ($X), with a combined 92% share of total exports. Indonesia and Vietnam lagged somewhat behind, together comprising a further 8%.

In terms of the main exporting countries, Vietnam, with a CAGR of +17.2%, recorded the highest growth rate of the value of exports, 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, picking up by 2.1% against the previous year. Over the period under review, the export price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the export price increased by 6%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports in ASEAN

In 2022, overseas purchases of malt extract and food preparations of flour, meal, and starches decreased by -5% to X tons, falling for the third year in a row after four years of growth. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by 25% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of malt extract and food preparations of flour, meal, and starches reached $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 14% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons), distantly followed by the Philippines (X tons), Indonesia (X tons), Thailand (X tons), Vietnam (X tons), Myanmar (X tons) and Singapore (X tons) were the largest importers of malt extract and food preparations of flour, meal, and starches, together achieving 97% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +16.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, together comprising 61% of total imports. The Philippines, Vietnam, Myanmar and Singapore lagged somewhat behind, together comprising a further 36%.

Myanmar, with a CAGR of +11.4%, recorded the highest rates of growth with regard to 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, increasing by 6.1% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 11% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform