Asia-Pacific: Vinegar Market 2024

Vinegar Market Size in Asia-Pacific

The Asia-Pacific vinegar market soared to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Vinegar Production in Asia-Pacific

In value terms, vinegar production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2015; afterwards, it flattened through to 2022.

Vinegar Exports

Exports in Asia-Pacific

In 2022, overseas shipments of vinegar increased by X% to X tons, rising for the eighth year in a row after two years of decline. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, vinegar exports reduced slightly to $X in 2022. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

South Korea represented the largest exporting country with an export of about X tons, which recorded X% of total exports. China (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%), the Philippines (X%) and Thailand (X%). The following exporters - Malaysia (X tons) and Hong Kong SAR (X tons) - each recorded a X% share of total exports.

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

In value terms, South Korea ($X) remains the largest vinegar supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Korea stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price saw 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 attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Thailand ($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 more modest paces of growth.

Vinegar Imports

Imports in Asia-Pacific

In 2022, imports of vinegar in Asia-Pacific expanded significantly to X tons, picking up by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, vinegar imports reached $X in 2022. Total imports indicated a buoyant 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 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Australia (X tons), distantly followed by Hong Kong SAR (X tons), China (X tons), South Korea (X tons), Singapore (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons), New Zealand (X tons) and Japan (X tons) were the main importers of vinegar, together mixing up X% of total imports. The Philippines (X tons), India (X tons), Vietnam (X tons) and Indonesia (X tons) followed a long way behind the leaders.

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 Asia-Pacific were Australia ($X), South Korea ($X) and Hong Kong SAR ($X), with a combined X% share of total imports. Japan, China, Singapore, Taiwan (Chinese), Malaysia, New Zealand, the Philippines, Indonesia, India and Vietnam lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, 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

The import price in Asia-Pacific stood at $X per ton in 2022, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

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

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

Source: IndexBox Platform

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