ASEAN: Dry Vegetable Market 2024

Dry Vegetable Market Size in ASEAN

In 2022, the ASEAN dry vegetable market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption showed a slight setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Dry Vegetable Production in ASEAN

In value terms, dry vegetable production reached $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Dry Vegetable Exports

Exports in ASEAN

In 2022, overseas shipments of dry vegetables increased by X% to X tons, rising for the second consecutive year after four years of decline. Overall, exports showed significant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, dry vegetable exports dropped to $X in 2022. In general, exports showed resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. The following exporters - Myanmar (X tons), Vietnam (X tons), Indonesia (X tons) and Thailand (X tons) - each recorded a X% share of total exports.

Malaysia was also the fastest-growing in terms of the dry vegetables exports, with a CAGR of X% from 2012 to 2022. At the same time, Myanmar (X%), Indonesia (X%) and Vietnam (X%) displayed positive paces of growth. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia increased by X percentage points.

In value terms, Malaysia ($X) remains the largest dry vegetable supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In Malaysia, dry vegetable exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price saw a deep slump. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

Dry Vegetable Imports

Imports in ASEAN

In 2022, the amount of dry vegetables imported in ASEAN fell slightly to X tons, with a decrease of X% compared with 2021 figures. Total imports indicated a noticeable expansion from 2012 to 2022: its volume 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. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then shrank modestly in the following year.

In value terms, dry vegetable imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Indonesia represented the major importing country with an import of about X tons, which finished at X% of total imports. Malaysia (X tons) ranks second in terms of the total imports with an X% share, followed by the Philippines (X%), Thailand (X%), Vietnam (X%) and Singapore (X%).

Indonesia was also the fastest-growing in terms of the dry vegetables imports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%), Thailand (X%), Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Vietnam experienced a relatively flat trend pattern. While the share of Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Philippines (X p.p.) and Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In terms of the main importing countries, the Philippines, with a CAGR of X%, recorded 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 ASEAN stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2017; however, from 2018 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 ($X per ton), while Malaysia ($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 more modest paces of growth.

Source: IndexBox Platform

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