South-Eastern Asia: Baby Food Market 2024

Baby Food Market Size in South-Eastern Asia

The Southeast Asian baby food market rose markedly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, continues to indicate a slight setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Baby Food Production in South-Eastern Asia

In value terms, baby food production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Baby Food Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of food preparations for infants decreased by X% to X tons, falling for the second consecutive year after two years of growth. Total exports indicated a pronounced increase 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 decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, baby food exports reduced to $X in 2022. In general, exports recorded a perceptible reduction. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of food preparations for infants, namely Singapore, Thailand and Indonesia, represented more than two-thirds of total export. Malaysia (X tons) ranks next in terms of the total exports with a X% share, followed by the Philippines (X%). Vietnam (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Indonesia, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, showed a abrupt downturn. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 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 the Philippines (X%), while the other leaders experienced more modest paces of growth.

Baby Food Imports

Imports in South-Eastern Asia

In 2022, the amount of food preparations for infants imported in South-Eastern Asia dropped to X tons, with a decrease of X% compared with 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, baby food imports fell slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Malaysia was the major importing country with an import of about X tons, which accounted for X% of total imports. Vietnam (X tons) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%), the Philippines (X%) and Cambodia (X%). Thailand (X tons) followed a long way behind the leaders.

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

In value terms, Vietnam ($X), Malaysia ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Indonesia, Cambodia and Thailand lagged somewhat behind, together accounting for a further X%.

Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 Vietnam ($X per ton), while Malaysia ($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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