South-Eastern Asia: Canned Meat Market 2024

Canned Meat Market Size in South-Eastern Asia

The Southeast Asian canned meat market amounted to $X in 2021, stabilizing at the previous year. The market value increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Canned Meat Production in South-Eastern Asia

In value terms, canned meat production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 16% against the previous year. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Canned Meat Exports

Exports in South-Eastern Asia

In 2021, exports of canned meat in South-Eastern Asia stood at X tons, flattening at 2020. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 14% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, canned meat exports reduced to $X in 2021. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 9.6%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand prevails in exports structure, recording X tons, which was approx. 93% of total exports in 2021. It was distantly followed by Malaysia (X tons), achieving a 5.7% share of total exports.

Exports from Thailand increased at an average annual rate of +2.2% from 2012 to 2021. At the same time, Malaysia (+5.6%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +5.6% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest canned meat supplier in South-Eastern Asia, comprising 93% of total exports. The second position in the ranking was held by Malaysia ($X), with a 5.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Thailand totaled +1.3%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, with a decrease of -4.3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 7.4%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+0.1%).

Canned Meat Imports

Imports in South-Eastern Asia

In 2021, imports of canned meat in South-Eastern Asia rose markedly to X tons, with an increase of 11% compared with the year before. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 14% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, canned meat imports expanded rapidly to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% 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 +84.1% against 2012 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 21% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Singapore (X tons) and the Philippines (X tons) dominates imports structure, together making up 70% of total imports. Malaysia (X tons) held the next position in the ranking, followed by Thailand (X tons) and Indonesia (X tons). All these countries together took near 20% share of total imports. The following importers - Vietnam (X tons) and Cambodia (X tons) - each amounted to a 7.3% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of +16.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported canned meat in South-Eastern Asia, comprising 49% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 22% share of total imports. It was followed by Malaysia, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value in Singapore totaled +3.8%. In the other countries, the average annual rates were as follows: the Philippines (+40.1% per year) and Malaysia (-1.5% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, stabilizing at the previous year. Import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, canned meat import price increased by +37.0% against 2017 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by 22% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+38.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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