ASEAN: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in ASEAN

The ASEAN temporarily preserved vegetable market expanded rapidly to $X in 2022, surging by 7.6% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Temporarily Preserved Vegetable Production in ASEAN

In value terms, temporarily preserved vegetable production expanded notably to $X in 2022 estimated in export price. The total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Temporarily Preserved Vegetable Exports

Exports in ASEAN

In 2022, overseas shipments of vegetables (temporarily preserved) decreased by -28.3% to X tons, falling for the third consecutive year after two years of growth. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 43%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, temporarily preserved vegetable exports contracted markedly to $X in 2022. In general, exports recorded a pronounced downturn. The pace of growth was the most pronounced in 2019 with an increase of 53%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam represented the major exporter of vegetables (temporarily preserved) in ASEAN, with the volume of exports finishing at X tons, which was approx. 54% of total exports in 2022. Thailand (X tons) ranks second in terms of the total exports with a 24% share, followed by Malaysia (10%) and Indonesia (6.4%). Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

Exports from Vietnam decreased at an average annual rate of -3.2% from 2012 to 2022. Indonesia and Lao People's Democratic Republic experienced a relatively flat trend pattern. Malaysia (-7.1%) and Thailand (-10.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Indonesia increased by +13 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest temporarily preserved vegetable supplier in ASEAN, comprising 60% of total exports. The second position in the ranking was held by Thailand ($X), with a 24% share of total exports. It was followed by Malaysia, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam amounted to -1.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (-9.2% per year) and Malaysia (-4.3% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, reducing by -24.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 when the export price increased by 29% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted dramatically 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 Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.1%), while the other leaders experienced more modest paces of growth.

Temporarily Preserved Vegetable Imports

Imports in ASEAN

For the fourth consecutive year, ASEAN recorded decline in purchases abroad of vegetables (temporarily preserved), which decreased by -7.1% to X tons in 2022. In general, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2013 when imports increased by 15%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, temporarily preserved vegetable imports declined to $X in 2022. Overall, imports recorded a abrupt decline. The growth pace was the most rapid in 2013 with an increase of 59% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Thailand was the major importing country with an import of about X tons, which reached 39% of total imports. Vietnam (X tons) took the second position in the ranking, distantly followed by Singapore (X tons), the Philippines (X tons), Brunei Darussalam (X tons) and Malaysia (X tons). All these countries together held near 60% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Brunei Darussalam (with a CAGR of +38.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Singapore ($X) were the countries with the highest levels of imports in 2022, together accounting for 77% of total imports. Malaysia, Brunei Darussalam and the Philippines lagged somewhat behind, together accounting for a further 22%.

Brunei Darussalam, with a CAGR of +30.1%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, falling by -7.3% against the previous year. Overall, the import price, however, posted a strong increase. The growth pace was the most rapid in 2015 when the import price increased by 39% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 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 Vietnam ($X per ton), while the Philippines ($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 (+8.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform