South-Eastern Asia: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in South-Eastern Asia

After two years of growth, the Southeast Asian market for peel of citrus fruit or melons decreased by -14.2% to $X in 2021. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020, and then fell in the following year.

Production of Peel Of Citrus Fruit Or Melons in South-Eastern Asia

In value terms, citrus fruit or melons peel production declined to $X in 2021 estimated in export price. The total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +60.2% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 48% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then dropped in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports in South-Eastern Asia

For the tenth consecutive year, South-Eastern Asia recorded growth in overseas shipments of peel of citrus fruit or melons, which increased by 50% to X tons in 2021. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of 91%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, citrus fruit or melons peel exports rose rapidly to $X in 2021. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2013 when exports increased by 101% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Myanmar prevails in exports structure, finishing at X tons, which was near 95% of total exports in 2021. Thailand (X tons) followed a long way behind the leaders.

Myanmar was also the fastest-growing in terms of the peel of citrus fruit or melons exports, with a CAGR of +42.7% from 2012 to 2021. At the same time, Thailand (+7.6%) displayed positive paces of growth. From 2012 to 2021, the share of Myanmar increased by +37 percentage points.

In value terms, Myanmar ($X) remains the largest citrus fruit or melons peel supplier in South-Eastern Asia, comprising 97% of total exports. The second position in the ranking was taken by Thailand ($X), with a 2.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Myanmar stood at +40.5%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, which is down by -23.7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 24%. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while Thailand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.7%).

Imports of Peel Of Citrus Fruit Or Melons

Imports in South-Eastern Asia

In 2021, citrus fruit or melons peel imports in South-Eastern Asia reduced notably to X tons, dropping by -32.1% compared with 2020 figures. Overall, imports faced a dramatic slump. The most prominent rate of growth was recorded in 2018 when imports increased by 100% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, citrus fruit or melons peel imports contracted remarkably to $X in 2021. In general, imports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2018 with an increase of 142%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Thailand represented the key importer of peel of citrus fruit or melons in South-Eastern Asia, with the volume of imports reaching X tons, which was approx. 55% of total imports in 2021. Vietnam (X tons) held the second position in the ranking, followed by Singapore (X tons). All these countries together held near 32% share of total imports. Malaysia (X tons), Myanmar (X tons) and Indonesia (X tons) followed a long way behind the leaders.

Imports into Thailand decreased at an average annual rate of -2.9% from 2012 to 2021. At the same time, Vietnam (+31.6%) and Singapore (+8.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +31.6% from 2012-2021. By contrast, Indonesia (-8.2%), Malaysia (-23.0%) and Myanmar (-48.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand, Vietnam, Singapore and Indonesia increased by +50, +17, +14 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported peel of citrus fruit or melons in South-Eastern Asia, comprising 61% of total imports. The second position in the ranking was held by Vietnam ($X), with a 15% share of total imports. It was followed by Singapore, with a 13% share.

In Thailand, citrus fruit or melons peel imports increased at an average annual rate of +3.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+39.0% per year) and Singapore (+5.6% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, growing by 8.8% against the previous year. Import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the import price increased by 27% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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