Asia-Pacific: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Asia-Pacific

In 2021, the Asia-Pacific prepared dish and meal market decreased by -2.8% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Production of Prepared Dishes And Meals in Asia-Pacific

In value terms, prepared dish and meal production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; 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 2016 with an increase of 17%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Prepared Dishes And Meals

Exports in Asia-Pacific

For the sixth consecutive year, Asia-Pacific recorded growth in overseas shipments of prepared dishes and meals, which increased by 16% to X tons in 2021. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.9% 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 +97.9% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal exports expanded sharply to $X in 2021. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 41% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, Thailand (X tons) and China (X tons) represented the major exporters of prepared dishes and meals in Asia-Pacific, together mixing up 41% of total exports. Malaysia (X tons) held the next position in the ranking, followed by Indonesia (X tons), Singapore (X tons), South Korea (X tons), Taiwan (Chinese) (X tons) and India (X tons). All these countries together took near 46% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +15.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest prepared dish and meal supplier in Asia-Pacific, comprising 36% of total exports. The second position in the ranking was taken by China ($X), with a 13% share of total exports. It was followed by Thailand, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore amounted to +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-Pacific stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared dish and meal export price increased by +85.4% against 2012 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by 31% against the previous year. The level of export peaked at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 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-Pacific

For the tenth year in a row, Asia-Pacific recorded growth in supplies from abroad of prepared dishes and meals, which increased by 12% to X tons in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.8% against 2012 indices. 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 skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Japan (X tons), China (X tons), Australia (X tons), Singapore (X tons), the Philippines (X tons), Malaysia (X tons), Thailand (X tons), Vietnam (X tons), South Korea (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons) and Myanmar (X tons) represented the major importer of prepared dishes and meals in Asia-Pacific, committing 85% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +16.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared dish and meal importing markets in Asia-Pacific were China ($X), South Korea ($X) and Australia ($X), together accounting for 44% of total imports.

In terms of the main importing countries, China, with a CAGR of +21.2%, recorded 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

In 2021, the import price in Asia-Pacific amounted to $X per ton, with an increase of 3.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2018 when the import price increased by 8.2%. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

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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