South-Eastern Asia: Cream Market 2021

Cream Market Size in South-Eastern Asia

For the fourth year in a row, the Southeast Asian cream market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level in 2020 and is expected to retain growth in the near future.

Cream Production in South-Eastern Asia

In value terms, cream production expanded modestly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Production By Country in South-Eastern Asia

The country with the largest volume of cream production was Indonesia (X tons), comprising approx. X% of total volume. Moreover, cream production in Indonesia exceeded the figures recorded by the second-largest producer, Thailand (X tons), threefold. The Philippines (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Indonesia totaled +X%. The remaining producing countries recorded the following average annual rates of production growth: Thailand (+X% per year) and the Philippines (+X% per year).

Cream Exports

Exports in South-Eastern Asia

In 2020, exports of cream in South-Eastern Asia shrank to X tons, waning by -X% against the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tons in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

In value terms, cream exports reduced to $X in 2020. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

Malaysia represented the main exporter of cream in South-Eastern Asia, with the volume of exports recording X tons, which was near X% of total exports in 2020. Vietnam (X tons) held the second position in the ranking, followed by Thailand (X tons) and Indonesia (X tons). All these countries together held approx. X% share of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to cream exports from Malaysia stood at +X%. At the same time, Vietnam (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +X% from 2007-2020. By contrast, Indonesia (-X%), Thailand (-X%) and Singapore (-X%) illustrated a downward trend over the same period. Malaysia (+X p.p.) and Vietnam (+X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia, Thailand and Singapore saw its share reduced by -X%, -X% and -X% from 2007 to 2020, respectively.

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

From 2007 to 2020, the average annual rate of growth in terms of value in Malaysia stood at -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (-X% per year) and Thailand (-X% per year).

Export Prices by Country

In 2020, the cream export price in South-Eastern Asia amounted to $X per ton, which is down by -X% against the previous year. In general, the export price recorded a abrupt descent. The growth pace was the most rapid in 2010 when the export price increased by X% year-to-year. Over the period under review, export prices attained the peak figure at $X per ton in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced a decline in the export price figures.

Cream Imports

Imports in South-Eastern Asia

In 2020, the amount of cream imported in South-Eastern Asia skyrocketed to X tons, rising by X% on 2019. Over the period under review, imports showed strong growth. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in the near future.

In value terms, cream imports skyrocketed to $X in 2020. Overall, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. The level of import peaked in 2020 and is expected to retain growth in the immediate term.

Imports by Country

In 2020, Malaysia (X tons), distantly followed by Singapore (X tons), Thailand (X tons) and Vietnam (X tons) represented the largest importers of cream, together achieving X% of total imports. The following importers - the Philippines (X tons) and Cambodia (X tons) - together made up X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand, while imports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual growth rate of value in Singapore amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Malaysia (+X% per year).

Import Prices by Country

In 2020, the cream import price in South-Eastern Asia amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The level of import peaked at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform

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