ASEAN: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in ASEAN

The ASEAN margarine and shortening market rose notably to $X in 2022, growing by X% against the previous year. The total consumption indicated strong growth 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Margarine And Shortening Production in ASEAN

In value terms, margarine and shortening production rose modestly to $X in 2022 estimated in export price. Over the period under review, production showed resilient growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Margarine And Shortening Exports

Exports in ASEAN

In 2022, overseas shipments of margarine and shortening increased by X% to X tons, rising for the second year in a row after two years of decline. Total exports indicated buoyant growth 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, margarine and shortening exports skyrocketed to $X in 2022. Overall, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, Indonesia (X tons) represented the largest exporter of margarine and shortening, mixing up X% of total exports. It was distantly followed by Malaysia (X tons), committing an X% share of total exports. Singapore (X tons) took a relatively small share of total exports.

Indonesia was also the fastest-growing in terms of the margarine and shortening exports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%) and Malaysia (X%) displayed positive paces of growth. While the share of Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest margarine and shortening supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum 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 ($X per ton), while Indonesia ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Margarine And Shortening Imports

Imports in ASEAN

In 2022, imports of margarine and shortening in ASEAN stood at X tons, surging by X% compared with 2021 figures. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, margarine and shortening imports skyrocketed to $X in 2022. Overall, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

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

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Vietnam ($X) constituted 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, Singapore, 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, surging by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Indonesia ($X per ton), while Myanmar ($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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