Asia-Pacific: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in Asia-Pacific

In 2022, the Asia-Pacific margarine and shortening market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the market value increased by X%. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Margarine And Shortening Production in Asia-Pacific

In value terms, margarine and shortening production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Margarine And Shortening Exports

Exports in Asia-Pacific

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 prominent 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 appeared 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 continue growth in the near future.

In value terms, margarine and shortening exports skyrocketed to $X in 2022. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Indonesia represented the major exporter of margarine and shortening in Asia-Pacific, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Malaysia (X tons), committing a X% share of total exports. Singapore (X tons) followed a long way behind the leaders.

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 ($X) remains the largest margarine and shortening supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports.

In Indonesia, margarine and shortening exports expanded at an average annual rate of X% over the period from 2012-2022. 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 Asia-Pacific stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 Asia-Pacific

Margarine and shortening imports surged to X tons in 2022, picking up by X% on the previous year's figure. Overall, imports posted buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, margarine and shortening imports soared to $X in 2022. Over the period under review, imports showed a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. Singapore (X tons), Thailand (X tons), Vietnam (X tons), South Korea (X tons), Australia (X tons), the Philippines (X tons) and Taiwan (Chinese) (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to margarine and shortening imports into China stood at X%. At the same time, Singapore (X%), Thailand (X%), South Korea (X%), Taiwan (Chinese) (X%), the Philippines (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Australia experienced a relatively flat trend pattern. While the share of China (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Vietnam (X p.p.) and Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported margarine and shortening in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

In China, margarine and shortening imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while China ($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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