South-Eastern Asia: Fats Preparation Machinery Market 2024

Fats Preparation Machinery Market Size in South-Eastern Asia

The Southeast Asian fats preparation machinery market soared to $X in 2022, jumping by 44% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Fats Preparation Machinery Production in South-Eastern Asia

In value terms, fats preparation machinery production declined to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2014 with an increase of 40%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Fats Preparation Machinery Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of machinery for the extraction or preparation of animal or fixed vegetable fats or oils increased by 28% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 when exports increased by 50%. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, fats preparation machinery exports soared to $X in 2022. Overall, exports, however, saw a deep slump. The growth pace was the most rapid in 2019 with an increase of 39% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia was the main exporter of machinery for the extraction or preparation of animal or fixed vegetable fats or oils in South-Eastern Asia, with the volume of exports resulting at X units, which was near 70% of total exports in 2022. It was distantly followed by Singapore (X units), achieving a 27% share of total exports. Thailand (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fats preparation machinery exports from Malaysia stood at +2.7%. At the same time, Thailand (+28.8%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +28.8% from 2012-2022. By contrast, Singapore (-17.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and Thailand increased by +48 and +2 percentage points, respectively.

In value terms, Malaysia ($X) remains the largest fats preparation machinery supplier in South-Eastern Asia, comprising 84% of total exports. The second position in the ranking was held by Singapore ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Malaysia totaled -4.5%. In the other countries, the average annual rates were as follows: Singapore (-7.6% per year) and Thailand (-29.7% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, falling by -7.2% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fats preparation machinery export price increased by +86.7% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the export price increased by 60%. Over the period under review, the export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+12.1%), while the other leaders experienced a decline in the export price figures.

Fats Preparation Machinery Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of machinery for the extraction or preparation of animal or fixed vegetable fats or oils decreased by -86.7% to X units for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 1,160%. As a result, imports reached the peak of X units, and then contracted dramatically in the following year.

In value terms, fats preparation machinery imports surged to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Thailand (X units) represented the main importer of machinery for the extraction or preparation of animal or fixed vegetable fats or oils, making up 77% of total imports. Indonesia (X units) took the second position in the ranking, distantly followed by the Philippines (X units). All these countries together held approx. 18% share of total imports. Myanmar (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fats preparation machinery imports into Thailand stood at +36.3%. At the same time, Myanmar (+73.1%), the Philippines (+25.9%) and Indonesia (+3.4%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +73.1% from 2012-2022. Thailand (+77 p.p.) and Myanmar (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia saw its share reduced by -57.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported machinery for the extraction or preparation of animal or fixed vegetable fats or oils in South-Eastern Asia, comprising 87% of total imports. The second position in the ranking was taken by Thailand ($X), with a 6.4% share of total imports. It was followed by the Philippines, with a 1.5% share.

In Indonesia, fats preparation machinery imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+11.8% per year) and the Philippines (+12.3% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, jumping by 1,350% against the previous year. In general, the import price, however, faced a abrupt curtailment. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood 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 Thailand (+19.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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