ASEAN: Oil Crops Market 2025

Oil Crops Market Size in ASEAN

The ASEAN oil crops market contracted slightly to $X in 2022, remaining relatively unchanged against the previous year. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Oil Crops Production in ASEAN

In value terms, oil crops production dropped to $X in 2022 estimated in export price. In general, production, however, showed strong growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The country with the largest volume of oil crops production was Indonesia (X tons), accounting for X% of total volume. Moreover, oil crops production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a X% share.

In Indonesia, oil crops production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Malaysia (X% per year) and Thailand (X% per year).

The average oil crops yield was estimated at X tons per ha in 2022, almost unchanged from the year before. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the oil crops yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The oil crops harvested area reduced modestly to X ha in 2022, stabilizing at 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2021, and then contracted slightly in the following year.

Oil Crops Exports

Exports in ASEAN

In 2022, after three years of growth, there was decline in shipments abroad of oil crops (primary), when their volume decreased by X% to X tons. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped slightly in the following year.

In value terms, oil crops exports declined sharply to $X in 2022. Overall, exports, however, posted a resilient increase. The growth pace was the most rapid in 2013 when exports increased by X%. The level of export peaked at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Indonesia (X tons) and Thailand (X tons) represented roughly X% of total exports in 2022. Vietnam (X tons) took the next position in the ranking, distantly followed by Myanmar (X tons). All these countries together held approx. X% share of total exports. Malaysia (X tons) held a relatively small share of total exports.

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

In value terms, Thailand ($X) emerged as the largest oil crops supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Myanmar (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then reduced in the following year.

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 Myanmar ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Oil Crops Imports

Imports in ASEAN

In 2022, oil crops imports in ASEAN fell to X tons, declining by X% against the year before. Total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, oil crops imports dropped modestly to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

The purchases of the three major importers of oil crops (primary), namely Thailand, Indonesia and Vietnam, represented more than two-thirds of total import. It was distantly followed by Malaysia (X tons), making up a X% share of total imports. The Philippines (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 the Philippines ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform