South-Eastern Asia: Food Mixer Market 2024

Food Mixer Market Size in South-Eastern Asia

In 2022, after three years of growth, there was significant decline in the Southeast Asian food mixer market, when its value decreased by -5.1% to $X. Overall, consumption showed a strong increase. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Food Mixer Production in South-Eastern Asia

In value terms, food mixer production stood at $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.0% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 54%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Food Mixer Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of domestic food grinders and mixers and fruit or vegetable juice extractors decreased by -22.3% to X units, falling for the fifth year in a row after two years of growth. Overall, exports recorded a perceptible curtailment. The growth pace was the most rapid in 2017 with an increase of 17% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, food mixer exports fell markedly to $X in 2022. In general, exports showed a noticeable setback. The most prominent rate of growth was recorded in 2017 when exports increased by 19% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Malaysia (X units) represented the key exporter of domestic food grinders and mixers and fruit or vegetable juice extractors, constituting 67% of total exports. Singapore (X units) took the second position in the ranking, distantly followed by Thailand (X units) and the Philippines (X units). All these countries together held near 28% share of total exports. Indonesia (X units) and Lao People's Democratic Republic (X units) followed a long way behind the leaders.

Exports from Malaysia decreased at an average annual rate of -2.4% from 2012 to 2022. At the same time, the Philippines (+56.8%), Lao People's Democratic Republic (+15.8%) and Thailand (+11.4%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +56.8% from 2012-2022. By contrast, Singapore (-11.3%) and Indonesia (-17.6%) illustrated a downward trend over the same period. While the share of Malaysia (+15 p.p.), the Philippines (+5.2 p.p.) and Thailand (+5.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (-9.3 p.p.) and Singapore (-17.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest food mixer supplier in South-Eastern Asia, comprising 69% of total exports. The second position in the ranking was held by Singapore ($X), with a 19% share of total exports. It was followed by Thailand, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia was relatively modest. In the other countries, the average annual rates were as follows: Singapore (-10.6% per year) and Thailand (+8.2% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, leveling off at the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 10%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.9%), while the other leaders experienced mixed trends in the export price figures.

Food Mixer Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of domestic food grinders and mixers and fruit or vegetable juice extractors decreased by -1% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 44%. As a result, imports reached the peak of X units, and then declined slightly in the following year.

In value terms, food mixer imports shrank to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +85.8% against 2012 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Thailand (X units), distantly followed by Malaysia (X units), Indonesia (X units), Vietnam (X units), the Philippines (X units) and Singapore (X units) represented the major importers of domestic food grinders and mixers and fruit or vegetable juice extractors, together creating 98% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +16.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest food mixer importing markets in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and Malaysia ($X), together comprising 75% of total imports.

Indonesia, with a CAGR of +12.0%, 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 South-Eastern Asia stood at $X per unit in 2022, dropping by -13.2% against the previous year. Over the period under review, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 9.9%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

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 Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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