South-Eastern Asia: Dry Vegetable Market 2024

Dry Vegetable Market Size in South-Eastern Asia

The Southeast Asian dry vegetable market contracted slightly to $X in 2022, with a decrease of -3.4% against the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Dry Vegetable Production in South-Eastern Asia

In value terms, dry vegetable production contracted to $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.3% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 34% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Dry Vegetable Exports

Exports in South-Eastern Asia

In 2022, the amount of dry vegetables exported in South-Eastern Asia dropped remarkably to X tons, with a decrease of -35.8% compared with the previous year's figure. Overall, exports, however, continue to indicate a mild expansion. The growth pace was the most rapid in 2013 with an increase of 168%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, dry vegetable exports dropped rapidly to $X in 2022. Total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -33.7% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 147%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Myanmar (X tons), Indonesia (X tons), Thailand (X tons) and Vietnam (X tons), together reaching 82% of total export. It was distantly followed by Malaysia (X tons), committing a 10% share of total exports. The Philippines (X tons) and Singapore (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +20.7%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X), Vietnam ($X) and Indonesia ($X) constituted the countries with the highest levels of exports in 2022, together comprising 70% of total exports. Myanmar, Malaysia, the Philippines and Singapore lagged somewhat behind, together comprising a further 27%.

Among the main exporting countries, Myanmar, with a CAGR of +14.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, increasing by 8.7% against the previous year. Export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dry vegetable export price decreased by -5.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 79%. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.1%), while the other leaders experienced more modest paces of growth.

Dry Vegetable Imports

Imports in South-Eastern Asia

After two years of growth, supplies from abroad of dry vegetables decreased by -8.7% to X tons in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.9% 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 +35.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, dry vegetable imports stood at $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +32.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 56% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Indonesia (X tons), distantly followed by Malaysia (X tons), the Philippines (X tons), Thailand (X tons), Vietnam (X tons) and Singapore (X tons) were the major importers of dry vegetables, together making up 98% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Indonesia (with a CAGR of +8.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dry vegetable importing markets in South-Eastern Asia were Indonesia ($X), Malaysia ($X) and the Philippines ($X), with a combined 67% share of total imports.

The Philippines, with a CAGR of +14.0%, recorded 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

In 2022, the import price in South-Eastern Asia amounted to $X per ton, increasing by 9.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 an increase of 33%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($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 (+12.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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