South-Eastern Asia: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in South-Eastern Asia

In 2022, the Southeast Asian market for malt extract and food preparations of flour, meal, and starches decreased by -5.5% to $X, falling for the fourth year in a row after two years of growth. In general, consumption recorded a slight decline. The most prominent rate of growth was recorded in 2018 when the market value increased by 8.4%. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in South-Eastern Asia

In value terms, production of malt extract and food preparations of flour, meal, and starches rose slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 24%. Over the period under review, production of reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports in South-Eastern Asia

In 2022, shipments abroad of malt extract and food preparations of flour, meal, and starches increased by 1.5% to X tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 13%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches stood at $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 16% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Malaysia (X tons) was the largest exporter of malt extract and food preparations of flour, meal, and starches, mixing up 51% of total exports. Singapore (X tons) ranks second in terms of the total exports with a 30% share, followed by Thailand (13%). The following exporters - Vietnam (X tons) and Indonesia (X tons) - each reached a 6.1% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +15.2%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of exports in 2022, together comprising 92% of total exports. Indonesia and Vietnam lagged somewhat behind, together comprising a further 8%.

Among the main exporting countries, Vietnam, with a CAGR of +17.2%, saw the highest rates of growth with regard to 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

The export price in South-Eastern Asia stood at $X per ton in 2022, rising by 2.1% against the previous year. Overall, the export price, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the export price increased by 6%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports in South-Eastern Asia

In 2022, supplies from abroad of malt extract and food preparations of flour, meal, and starches decreased by -5% to X tons, falling for the third year in a row after four years of growth. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 24%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches totaled $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 14%. Over the period under review, imports of reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons), distantly followed by the Philippines (X tons), Indonesia (X tons), Thailand (X tons), Vietnam (X tons), Myanmar (X tons) and Singapore (X tons) represented the major importers of malt extract and food preparations of flour, meal, and starches, together creating 97% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +16.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch importing markets in South-Eastern Asia were Malaysia ($X), Thailand ($X) and Indonesia ($X), with a combined 61% share of total imports. The Philippines, Vietnam, Myanmar and Singapore lagged somewhat behind, together comprising a further 36%.

Myanmar, with a CAGR of +11.4%, 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

In 2022, the import price in South-Eastern Asia amounted to $X per ton, surging by 6.1% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 11%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 Thailand ($X per ton), while Myanmar ($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 (+4.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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