South-Eastern Asia: Carob Market 2024

Carob Market Size in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in the Southeast Asian carob market, when its value decreased by X% to $X. In general, consumption continues to indicate a slight descent. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Carob Production in South-Eastern Asia

In value terms, carob production surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed significant growth. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Thailand (X tons) remains the largest carob producing country in South-Eastern Asia, accounting for X% of total volume. Moreover, carob production in Thailand exceeded the figures recorded by the second-largest producer, Lao People's Democratic Republic (X tons), more than tenfold.

In Thailand, carob production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Lao People's Democratic Republic (X% per year) and the Philippines (X% per year).

Carob Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of carob increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports enjoyed a buoyant increase. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, carob exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a perceptible reduction. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Vietnam (X tons), mixing up a X% share of total exports.

Singapore experienced a relatively flat trend pattern with regard to volume of exports of carob. Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore increased by X percentage points.

In value terms, Singapore ($X) emerged as the largest carob supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Singapore was relatively modest.

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. Over the period under review, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%).

Carob Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of carob decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, carob imports dropped to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam represented the key importer of carob in South-Eastern Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. Myanmar (X tons) held the second position in the ranking, followed by Thailand (X tons). All these countries together took approx. X% share of total imports. Cambodia (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to carob imports into Vietnam stood at X%. At the same time, Myanmar (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), Myanmar (X p.p.) and Cambodia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) constitutes the largest market for imported carob in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In Vietnam, carob imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price, however, posted a pronounced increase. The growth pace was the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2021, and then shrank slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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