South-Eastern Asia: Biological Product Market 2024

Biological Product Market Size in South-Eastern Asia

The Southeast Asian biological product market soared to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, saw a buoyant increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Biological Product Production in South-Eastern Asia

In value terms, biological product production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Biological Product Exports

Exports in South-Eastern Asia

In 2022, biological product exports in South-Eastern Asia shrank markedly to X tons, with a decrease of X% on the previous year's figure. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then shrank markedly in the following year.

In value terms, biological product exports dropped to $X in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Singapore (X tons) and Vietnam (X tons) dominates exports structure, together achieving X% of total exports. Thailand (X tons) ranks next in terms of the total exports with a X% share, followed by Indonesia (X%). Malaysia (X tons) followed a long way behind the leaders.

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

In value terms, Singapore ($X) remains the largest biological product supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

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

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. In general, the export price continues to indicate a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X,937 per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Biological Product Imports

Imports in South-Eastern Asia

In 2022, after three years of growth, there was significant decline in overseas purchases of biological products, when their volume decreased by X% to X tons. In general, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then dropped rapidly in the following year.

In value terms, biological product imports declined remarkably to $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined significantly in the following year.

Imports by Country

Vietnam was the largest importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by the Philippines (X tons), comprising a X% share of total imports. The following importers - Malaysia (X tons), Brunei Darussalam (X tons), Thailand (X tons), Singapore (X tons) and Indonesia (X tons) - together made up X% of total imports.

Imports into Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Singapore (X%), Brunei Darussalam (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, Thailand (X%) and Indonesia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand, Malaysia and Indonesia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest biological product importing markets in South-Eastern Asia were Vietnam ($X), the Philippines ($X) and Singapore ($X), together accounting for X% of total imports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 South-Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 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 Singapore ($X,294 per ton), while Brunei Darussalam ($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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :