South-Eastern Asia: Vinegar-Preserved Vegetable Market 2024

Vinegar-Preserved Vegetable Market Size in South-Eastern Asia

For the fifth consecutive year, the Southeast Asian vinegar-preserved vegetable market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated a resilient expansion 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 increased by X% against 2013 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Vinegar-Preserved Vegetable Production in South-Eastern Asia

In value terms, vinegar-preserved vegetable production reduced to $X in 2022 estimated in export price. Overall, production showed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Vinegar-Preserved Vegetable Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of vegetables in vinegar other than potatoes decreased by X% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, vinegar-preserved vegetable exports reduced to $X in 2022. Overall, exports recorded a slight decline. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam represented the largest exporter of vegetables in vinegar other than potatoes in South-Eastern Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Thailand (X tons), mixing up a X% share of total exports. The following exporters - Malaysia (X tons), the Philippines (X tons) and Singapore (X tons) - each reached a X% share of total exports.

Exports from Vietnam decreased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand and Malaysia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vinegar-preserved vegetable supplying countries in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), together comprising X% of total exports. The Philippines and Singapore lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price 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, vinegar-preserved vegetable export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Vinegar-Preserved Vegetable Imports

Imports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded growth in supplies from abroad of vegetables in vinegar other than potatoes, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when imports increased by X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, vinegar-preserved vegetable imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Singapore (X tons) represented the main importer of vegetables in vinegar other than potatoes, making up X% of total imports. The Philippines (X tons) ranks second in terms of the total imports with a X% share, followed by Thailand (X%), Malaysia (X%) and Indonesia (X%). Vietnam (X tons) took a minor share of total imports.

Imports into Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), the Philippines (X%), Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) illustrated a downward trend over the same period. The Philippines (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore and Indonesia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported vegetables in vinegar other than potatoes in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

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

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Thailand ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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