South-Eastern Asia: Sails Market 2025

Sails Market Size in South-Eastern Asia

The Southeast Asian sails market expanded significantly to $X in 2022, growing by 5.9% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 -4.0% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Sails Production in South-Eastern Asia

In value terms, sails production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a notable increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 53% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Sails Exports

Exports in South-Eastern Asia

In 2022, sails exports in South-Eastern Asia rose remarkably to X tons, increasing by 8% against the previous year's figure. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 823%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, sails exports contracted modestly to $X in 2022. Overall, exports recorded a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by 81% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, the Philippines (X tons) represented the main exporter of sails, comprising 87% of total exports. It was distantly followed by Thailand (X tons), mixing up a 12% share of total exports.

Exports from the Philippines decreased at an average annual rate of -4.3% from 2012 to 2022. At the same time, Thailand (+3.4%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +3.4% from 2012-2022. From 2012 to 2022, the share of the Philippines increased by +87 percentage points.

In value terms, the Philippines ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2022.

Thailand, with a CAGR of +5.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, declining by -10.9% against the previous year. Over the period under review, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the export price increased by 83%. Over the period under review, the export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Thailand ($X per ton), while the Philippines totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+4.5%).

Sails Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of sails were imported in South-Eastern Asia; jumping by 173% against the year before. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sails imports skyrocketed to $X in 2022. Over the period under review, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia dominates imports structure, finishing at X tons, which was approx. 86% of total imports in 2022. It was distantly followed by Thailand (X tons), comprising a 4.7% share of total imports. Malaysia (X tons), Singapore (X tons), Vietnam (X tons) and Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

Indonesia was also the fastest-growing in terms of the sails imports, with a CAGR of +71.0% from 2012 to 2022. At the same time, Thailand (+17.2%), Lao People's Democratic Republic (+14.9%), Vietnam (+13.5%) and Malaysia (+9.1%) displayed positive paces of growth. By contrast, Singapore (-5.4%) illustrated a downward trend over the same period. While the share of Indonesia (+80 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Lao People's Democratic Republic (-3.9 p.p.), Vietnam (-5.3 p.p.), Thailand (-8.8 p.p.), Malaysia (-14.8 p.p.) and Singapore (-42.2 p.p.) displayed negative dynamics.

In value terms, Indonesia ($X), Thailand ($X) and Singapore ($X) were the countries with the highest levels of imports in 2022, with a combined 70% share of total imports.

Among the main importing countries, Indonesia, with a CAGR of +48.2%, 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, declining by -35.9% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 when the import price increased by 25%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($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 (+1.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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