ASEAN: Vinegar Market 2024

Vinegar Market Size in ASEAN

The ASEAN vinegar market surged to $X in 2022, jumping by X% against the previous year. Overall, consumption, however, enjoyed buoyant growth. Over the period under review, the market reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Vinegar Production in ASEAN

In value terms, vinegar production dropped modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Vinegar Exports

Exports in ASEAN

For the fifth consecutive year, ASEAN recorded growth in shipments abroad of vinegar, which increased by X% to X tons in 2022. Over the period under review, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, vinegar exports skyrocketed to $X in 2022. Overall, exports showed a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The Philippines (X tons) and Thailand (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Malaysia (X tons), committing a X% share of total exports. Singapore (X tons) took a little share of total exports.

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

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

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

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. 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 Singapore ($X per ton), while Thailand ($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 mixed trends in the export price figures.

Vinegar Imports

Imports in ASEAN

In 2022, overseas purchases of vinegar were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, vinegar imports expanded rapidly to $X in 2022. Total imports indicated a resilient 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. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Singapore (X tons) and Malaysia (X tons) were the key importers of vinegar in 2022, finishing at approx. X% and X% of total imports, respectively. The Philippines (X tons) held the next position in the ranking, followed by Vietnam (X tons), Indonesia (X tons), Thailand (X tons) and Cambodia (X tons). All these countries together took approx. X% 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, the largest vinegar importing markets in ASEAN were Singapore ($X), Malaysia ($X) and the Philippines ($X), together comprising X% of total imports. Thailand, Indonesia, Vietnam and Cambodia lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, 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, leveling off at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 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 Thailand ($X per ton), while Cambodia ($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 more modest paces of growth.

Source: IndexBox Platform