South-Eastern Asia: Cream Fresh Market 2024

Cream Fresh Market Size in South-Eastern Asia

The Southeast Asian cream fresh market skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption continues to indicate strong growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Cream Fresh Production in South-Eastern Asia

In value terms, cream fresh production rose to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Indonesia (X tons), Thailand (X tons) and Malaysia (X tons), together comprising X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Thailand (with a CAGR of X%), while production for the other leaders experienced a decline in the production figures.

Cream Fresh Exports

Exports in South-Eastern Asia

Cream fresh exports rose remarkably to X tons in 2022, increasing by X% compared with 2021 figures. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, cream fresh exports amounted to $X in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Thailand (X tons) was the major exporter of cream fresh, constituting X% of total exports. Indonesia (X tons) took the second position in the ranking, followed by the Philippines (X tons). All these countries together held near X% share of total exports. Malaysia (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cream fresh exports from Thailand stood at X%. At the same time, the Philippines (X%), Indonesia (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. Thailand (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Malaysia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest cream fresh supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

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

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Cream Fresh Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of cream fresh were imported in South-Eastern Asia; increasing by X% against 2021. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, cream fresh imports soared to $X in 2022. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Malaysia (X tons) was the key importer of cream fresh, generating X% of total imports. Singapore (X tons) took the second position in the ranking, followed by the Philippines (X tons), Vietnam (X tons), Cambodia (X tons), Indonesia (X tons) and Thailand (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cream fresh imports into Malaysia stood at X%. At the same time, Vietnam (X%), Cambodia (X%), Thailand (X%), the Philippines (X%), Indonesia (X%) and Singapore (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. Malaysia (X p.p.), Vietnam (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, the Philippines and Singapore saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Malaysia, cream fresh 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: Singapore (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure 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 Indonesia ($X per ton), while Cambodia ($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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