South-Eastern Asia: Vinegar Market 2024

Vinegar Market Size in South-Eastern Asia

The Southeast Asian vinegar market skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, posted buoyant growth. Over the period under review, the market reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Vinegar Production in South-Eastern Asia

In value terms, vinegar production contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a slight setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Vinegar Exports

Exports in South-Eastern Asia

For the fifth consecutive year, South-Eastern Asia recorded growth in shipments abroad of vinegar, which increased by X% to X tons in 2022. In general, exports posted a resilient expansion. The growth pace was the most rapid in 2015 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, vinegar exports skyrocketed to $X in 2022. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The Philippines (X tons) and Thailand (X tons) were the main exporters of vinegar in 2022, recording near X% and X% of total exports, respectively. It was distantly followed by Malaysia (X tons), making up a X% share of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) remains the largest vinegar supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the Philippines amounted to X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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 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 the Philippines (X%), while the other leaders experienced mixed trends in the export price figures.

Vinegar Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of vinegar was finally on the rise to reach X tons after two years of decline. Over the period under review, imports posted a prominent expansion. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vinegar imports rose rapidly to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

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

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

In value terms, the largest vinegar importing markets in South-Eastern Asia were Singapore ($X), Malaysia ($X) and the Philippines ($X), with a combined X% share of total imports. Thailand, Indonesia, Vietnam and Cambodia lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, recorded the highest growth rate of 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, stabilizing at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked at $X per ton in 2015; however, from 2016 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 Thailand ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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