South-Eastern Asia: Plum And Sloe Market 2025

Plum And Sloe Market Size in South-Eastern Asia

The Southeast Asian plum and sloe market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Plum And Sloe Production in South-Eastern Asia

In value terms, plum and sloe production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2013 when the production volume increased by 1,177% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Myanmar (X tons) remains the largest plum and sloe producing country in South-Eastern Asia, accounting for 100% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Myanmar totaled +8.4%.

Plum And Sloe Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of plums and sloes were exported in South-Eastern Asia; with a decrease of -79% on 2021. In general, exports showed a abrupt decline. The growth pace was the most rapid in 2018 with an increase of 421%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, plum and sloe exports declined remarkably to $X in 2022. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2018 with an increase of 460% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar dominates exports structure, recording X tons, which was approx. 85% of total exports in 2022. It was distantly followed by Singapore (X tons), comprising a 9.7% share of total exports. The following exporters - Vietnam (X tons) and Malaysia (X tons) - each finished at a 4.2% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plum and sloe exports from Myanmar stood at -8.4%. At the same time, Vietnam (+14.6%) and Malaysia (+10.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +14.6% from 2012-2022. By contrast, Singapore (-2.2%) illustrated a downward trend over the same period. While the share of Singapore (+4.2 p.p.), Vietnam (+2 p.p.) and Malaysia (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Myanmar (-8.2 p.p.) displayed negative dynamics.

In value terms, Singapore ($X), Myanmar ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 94% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +12.1%, recorded 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

In 2022, the export price in South-Eastern Asia amounted to $X per ton, jumping by 136% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.3%), while the other leaders experienced a decline in the export price figures.

Plum And Sloe Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of plums and sloes were imported in South-Eastern Asia; with a decrease of -4.6% against 2021 figures. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 334% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plum and sloe imports stood at $X in 2022. Over the period under review, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 with an increase of 212%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Singapore (X tons) and Thailand (X tons) represented roughly 79% of total imports in 2022. It was distantly followed by Vietnam (X tons) and Indonesia (X tons), together creating a 17% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +33.0%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 82% share of total imports.

Among the main importing countries, Thailand, with a CAGR of +29.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, rising by 5.2% against the previous year. Import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plum and sloe import price increased by +57.7% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 38%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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