South-Eastern Asia: Canned Vegetable Market 2024

Canned Vegetable Market Size in South-Eastern Asia

The Southeast Asian canned vegetable market amounted to $X in 2022, rising by 3.2% against the previous year. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.9% against 2019 indices. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Canned Vegetable Production in South-Eastern Asia

In value terms, canned vegetable production fell to $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 37% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Canned Vegetable Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of canned vegetables were exported in South-Eastern Asia; which is down by -5% against the previous year. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 11%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, canned vegetable exports rose to $X in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 9.9% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Thailand prevails in exports structure, reaching X tons, which was approx. 80% of total exports in 2022. Malaysia (X tons) ranks second in terms of the total exports with an 8.9% share, followed by Vietnam (6.6%). Singapore (X tons) took a little share of total exports.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of canned vegetables. At the same time, Malaysia (+4.5%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +4.5% from 2012-2022. By contrast, Vietnam (-3.0%) and Singapore (-3.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia increased by +3 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest canned vegetable supplier in South-Eastern Asia, comprising 71% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 12% share of total exports. It was followed by Vietnam, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand stood at +1.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-1.8% per year) and Vietnam (+3.5% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, rising by 8.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2019 when the export price increased by 12% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, 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 (+6.8%), while the other leaders experienced more modest paces of growth.

Canned Vegetable Imports

Imports in South-Eastern Asia

In 2022, the amount of canned vegetables imported in South-Eastern Asia surged to X tons, with an increase of 22% compared with 2021 figures. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% 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 +42.5% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 41% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, canned vegetable imports rose significantly to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 +56.7% against 2018 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 35%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, the Philippines (X tons), Malaysia (X tons) and Singapore (X tons) represented the key importer of canned vegetables in South-Eastern Asia, making up 78% of total import. Indonesia (X tons) took a 9.3% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (6.9%). 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 leading importing countries, was attained by the Philippines (with a CAGR of +13.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the Philippines ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 73% of total imports.

The Philippines, with a CAGR of +24.6%, recorded the highest rates of growth with regard to the value of imports, in terms of 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, dropping by -6.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 an increase of 7.7%. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

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 the Philippines (+10.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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