South-Eastern Asia: Mixes And Doughs Market 2024

Mixes And Doughs Market Size in South-Eastern Asia

The Southeast Asian mixes and doughs market reached $X in 2022, remaining stable against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Mixes And Doughs Production in South-Eastern Asia

In value terms, mixes and doughs production reached $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Mixes And Doughs Exports

Exports in South-Eastern Asia

In 2022, after three years of growth, there was significant decline in shipments abroad of mixes and doughs, when their volume decreased by -10.4% to X tons. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, mixes and doughs exports declined to $X in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 11%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Singapore was the key exporting country with an export of about X tons, which reached 57% of total exports. Thailand (X tons) ranks second in terms of the total exports with a 20% share, followed by Malaysia (13%) and Indonesia (6.2%). The following exporters - Vietnam (X tons) and the Philippines (X tons) - together made up 4.2% of total exports.

From 2012 to 2022, average annual rates of growth with regard to mixes and doughs exports from Singapore stood at +5.3%. At the same time, Indonesia (+23.7%), the Philippines (+7.2%), Malaysia (+4.6%) and Vietnam (+2.7%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +23.7% from 2012-2022. By contrast, Thailand (-1.6%) illustrated a downward trend over the same period. While the share of Singapore (+7.6 p.p.) and Indonesia (+5.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (-13.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest mixes and doughs supplier in South-Eastern Asia, comprising 64% of total exports. The second position in the ranking was held by Thailand ($X), with a 14% share of total exports. It was followed by Malaysia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore amounted to +3.8%. In the other countries, the average annual rates were as follows: Thailand (-2.0% per year) and Malaysia (+0.7% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with an increase of 4.3% against the previous year. Over the period under review, the export price, however, saw a slight setback. The pace of growth was the most pronounced in 2013 when the export price increased by 4.6% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+4.5%), while the other leaders experienced mixed trends in the export price figures.

Mixes And Doughs Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of mixes and doughs decreased by -10.5% to X tons for the first time since 2011, thus ending a ten-year rising trend. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 23% against the previous year. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, mixes and doughs imports surged to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 23%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The purchases of the five major importers of mixes and doughs, namely Malaysia, the Philippines, Indonesia, Singapore and Thailand, represented more than two-thirds of total import. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia (with a CAGR of +15.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 67% share of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of +15.9%, 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

The import price in South-Eastern Asia stood at $X per ton in 2022, surging by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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