South-Eastern Asia: Mate Market 2025

Mate Market Size in South-Eastern Asia

The Southeast Asian mate market soared to $X in 2022, with an increase of 59% against the previous year. In general, consumption, however, recorded a abrupt decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Mate Production in South-Eastern Asia

In value terms, mate production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 81%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were Myanmar (X tons), Singapore (X tons) and Indonesia (X tons), together accounting for 94% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Singapore (with a CAGR of +8.6%), while production for the other leaders experienced more modest paces of growth.

Mate Exports

Exports in South-Eastern Asia

Mate exports contracted remarkably to X tons in 2022, with a decrease of -40.6% compared with the previous year. In general, exports recorded a noticeable setback. The most prominent rate of growth was recorded in 2013 when exports increased by 335% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, mate exports reduced sharply to $X in 2022. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by 251%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Singapore prevails in exports structure, resulting at X tons, which was approx. 77% of total exports in 2022. Thailand (X tons) held the second position in the ranking, followed by Vietnam (X tons). All these countries together took near 15% share of total exports. The following exporters - Malaysia (X tons) and Indonesia (X tons) - each accounted for an 8.8% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mate exports from Singapore stood at +2.0%. At the same time, Vietnam (+8.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +8.4% from 2012-2022. By contrast, Malaysia (-9.3%), Indonesia (-13.9%) and Thailand (-17.3%) illustrated a downward trend over the same period. While the share of Singapore (+38 p.p.) and Vietnam (+3.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-2.9 p.p.), Indonesia (-7.8 p.p.) and Thailand (-30.5 p.p.) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest mate supplier in South-Eastern Asia, comprising 62% of total exports. The second position in the ranking was taken by Thailand ($X), with an 18% share of total exports. It was followed by Malaysia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore was relatively modest. In the other countries, the average annual rates were as follows: Thailand (-11.2% per year) and Malaysia (-9.0% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, picking up by 13% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 31%. The level of export peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while Vietnam ($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 (+7.4%), while the other leaders experienced more modest paces of growth.

Mate Imports

Imports in South-Eastern Asia

In 2022, imports of mate in South-Eastern Asia rose slightly to X tons, growing by 2.1% on the year before. Overall, imports, however, continue to indicate a slight curtailment. The growth pace was the most rapid in 2014 when imports increased by 130% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, mate imports surged to $X in 2022. Over the period under review, imports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2014 with an increase of 264% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Brunei Darussalam prevails in imports structure, resulting at X tons, which was approx. 79% of total imports in 2022. Singapore (X tons) took the second position in the ranking, followed by Thailand (X tons). All these countries together held near 14% share of total imports. The following importers - Malaysia (X tons) and Lao People's Democratic Republic (X tons) - together made up 5.4% of total imports.

From 2012 to 2022, average annual rates of growth with regard to mate imports into Brunei Darussalam stood at +2.5%. At the same time, Lao People's Democratic Republic (+48.2%) and Thailand (+14.3%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +48.2% from 2012-2022. By contrast, Singapore (-9.2%) and Malaysia (-15.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brunei Darussalam, Thailand and Lao People's Democratic Republic increased by +27, +4.6 and +1.7 percentage points, respectively.

In value terms, Singapore ($X), Brunei Darussalam ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, with a combined 94% share of total imports. Malaysia and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further 4.1%.

Among the main importing countries, Lao People's Democratic Republic, with a CAGR of +39.9%, recorded the highest growth rate of 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 2022, the import price in South-Eastern Asia amounted to $X per ton, jumping by 55% against the previous year. Over the period under review, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the import price increased by 58% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 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 Singapore ($X per ton), while Brunei Darussalam ($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 (+19.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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