South-Eastern Asia: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in South-Eastern Asia

In 2021, the Southeast Asian prepared dish and meal market increased by 5.6% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the market value increased by 7.6% against the previous year. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Prepared Dishes And Meals in South-Eastern Asia

In value terms, prepared dish and meal production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 12% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Prepared Dishes And Meals

Exports in South-Eastern Asia

Prepared dish and meal exports skyrocketed to X tons in 2021, picking up by 24% against the previous year's figure. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.4% 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 +52.9% against 2014 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal exports surged to $X in 2021. Over the period under review, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 84%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

In 2021, Thailand (X tons) was the major exporter of prepared dishes and meals, mixing up 42% of total exports. Malaysia (X tons) ranks second in terms of the total exports with an 18% share, followed by Indonesia (18%) and Singapore (18%). The following exporters - Vietnam (X tons) and the Philippines (X tons) - together made up 4.5% of total exports.

Exports from Thailand increased at an average annual rate of +4.9% from 2012 to 2021. At the same time, Vietnam (+19.9%), Indonesia (+15.8%), Singapore (+13.2%), Malaysia (+8.5%) and the Philippines (+2.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +19.9% from 2012-2021. From 2012 to 2021, the share of Indonesia, Singapore and Vietnam increased by +8.1, +5.7 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest prepared dish and meal supplier in South-Eastern Asia, comprising 67% of total exports. The second position in the ranking was taken by Thailand ($X), with a 14% share of total exports. It was followed by Malaysia, with an 8.5% share.

In Singapore, prepared dish and meal exports expanded at an average annual rate of +34.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+4.9% per year) and Malaysia (+7.3% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, dropping by -6% against the previous year. Overall, the export price, however, posted a prominent increase. The pace of growth was the most pronounced in 2018 when the export price increased by 72%. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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 South-Eastern Asia

In 2021, purchases abroad of prepared dishes and meals increased by 27% to X tons, rising for the sixth consecutive year after two years of decline. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.6% against 2015 indices. As a result, imports attained 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. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.6% 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 +74.3% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 27% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Singapore (X tons), the Philippines (X tons), Malaysia (X tons), Thailand (X tons), Vietnam (X tons), Indonesia (X tons) and Myanmar (X tons) was the major importer of prepared dishes and meals in South-Eastern Asia, committing 93% of total import. It was distantly followed by Cambodia (X tons), achieving a 4.8% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +13.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 50% of total imports.

Among the main importing countries, Vietnam, with a CAGR of +18.5%, saw the highest rates of growth with regard to 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 South-Eastern Asia amounted to $X per ton, remaining constant against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2013 an increase of 15% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :