Asia: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Asia

In 2021, after three years of growth, there was decline in the Asian prepared dish and meal market, when its value decreased by -2.3% to $X. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Prepared Dishes And Meals in Asia

In value terms, prepared dish and meal production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 15%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Prepared Dishes And Meals

Exports in Asia

For the sixth consecutive year, Asia recorded growth in shipments abroad of prepared dishes and meals, which increased by 17% to X tons in 2021. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +94.5% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal exports skyrocketed to $X in 2021. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 48% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Thailand (X tons) and China (X tons) represented the main exporters of prepared dishes and meals in 2021, amounting to near 22% and 18% of total exports, respectively. Malaysia (X tons) ranks next in terms of the total exports with a 9.6% share, followed by Indonesia (9.6%), Singapore (9.4%), South Korea (5.9%) and Taiwan (Chinese) (5.2%). India (X tons), Turkey (X tons), Japan (X tons), Sri Lanka (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Sri Lanka (with a CAGR of +25.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest prepared dish and meal supplier in Asia, comprising 37% of total exports. The second position in the ranking was taken by China ($X), with a 14% share of total exports. It was followed by Thailand, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore stood at +34.7%. The remaining exporting countries recorded the following average annual rates of exports growth: China (+11.3% per year) and Thailand (+4.9% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, standing approx. at the previous year. Export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared dish and meal export price increased by +47.9% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 39%. The level of export peaked at $X per ton in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+18.9%), while the other leaders experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports in Asia

For the tenth consecutive year, Asia recorded growth in overseas purchases of prepared dishes and meals, which increased by 17% to X tons in 2021. The total import volume increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal imports soared to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +118.2% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons) and China (X tons) represented roughly 23% of total imports in 2021. Singapore (X tons) held the next position in the ranking, followed by the Philippines (X tons), the United Arab Emirates (X tons), Malaysia (X tons), Thailand (X tons) and Vietnam (X tons). All these countries together held approx. 32% share of total imports. The following importers - Turkey (X tons), South Korea (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons) and Myanmar (X tons) - each amounted to a 20% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared dish and meal importing markets in Asia were China ($X), South Korea ($X) and Vietnam ($X), together comprising 37% of total imports.

In terms of the main importing countries, China, with a CAGR of +21.2%, saw the highest growth rate of the value of imports, 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 Asia stood at $X per ton in 2021, approximately reflecting the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2018 an increase of 10% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+11.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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