South-Eastern Asia: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in South-Eastern Asia

The Southeast Asian temporarily preserved vegetable market expanded markedly to $X in 2022, picking up by 7.6% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Temporarily Preserved Vegetable Production in South-Eastern Asia

In value terms, temporarily preserved vegetable production rose markedly to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 -6.4% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 34%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Temporarily Preserved Vegetable Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of vegetables (temporarily preserved) decreased by -28.3% to X tons, falling for the third consecutive year after two years of growth. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 43% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, temporarily preserved vegetable exports dropped remarkably to $X in 2022. Overall, exports showed a perceptible contraction. The pace of growth was the most pronounced in 2019 when exports increased by 53%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam was the largest exporting country with an export of about X tons, which finished at 54% of total exports. Thailand (X tons) took a 24% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (10%) and Indonesia (6.4%). Lao People's Democratic Republic (X tons) took a relatively small share of total exports.

Exports from Vietnam decreased at an average annual rate of -3.2% from 2012 to 2022. Indonesia and Lao People's Democratic Republic experienced a relatively flat trend pattern. Malaysia (-7.1%) and Thailand (-10.2%) illustrated a downward trend over the same period. Vietnam (+13 p.p.) and Indonesia (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -14% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest temporarily preserved vegetable supplier in South-Eastern Asia, comprising 60% of total exports. The second position in the ranking was taken by Thailand ($X), with a 24% share of total exports. It was followed by Malaysia, with a 6% share.

In Vietnam, temporarily preserved vegetable exports contracted by an average annual rate of -1.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (-9.2% per year) and Malaysia (-4.3% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, waning by -24.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2021 when the export price increased by 29%. As a result, the export price reached the peak level of $X per ton, and then plummeted in the following year.

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

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

Temporarily Preserved Vegetable Imports

Imports in South-Eastern Asia

Temporarily preserved vegetable imports declined to X tons in 2022, with a decrease of -7.1% on 2021. Over the period under review, imports faced a deep slump. The pace of growth appeared the most rapid in 2013 when imports increased by 15%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, temporarily preserved vegetable imports declined to $X in 2022. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2013 when imports increased by 59%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Thailand represented the key importer of vegetables (temporarily preserved) in South-Eastern Asia, with the volume of imports amounting to X tons, which was near 39% of total imports in 2022. Vietnam (X tons) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (11%), the Philippines (11%), Brunei Darussalam (8.3%) and Malaysia (6.7%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Brunei Darussalam (with a CAGR of +38.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest temporarily preserved vegetable importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Singapore ($X), with a combined 77% share of total imports. Malaysia, Brunei Darussalam and the Philippines lagged somewhat behind, together comprising a further 22%.

Brunei Darussalam, with a CAGR of +30.1%, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, shrinking by -7.3% against the previous year. In general, the import price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2015 when the import price increased by 39%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the Philippines ($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 (+8.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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