South-Eastern Asia: Candied Fruit Market 2022

Candied Fruit Market Size in South-Eastern Asia

For the fourth year in a row, the Southeast Asian candied fruit market recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption saw prominent growth. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in years to come.

Candied Fruit Production in South-Eastern Asia

In value terms, candied fruit production contracted to $X in 2021 estimated in export prices. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X% y-o-y. As a result, production reached the peak level of $X, and then contracted in the following year.

Thailand (X tonnes) constituted the country with the largest volume of candied fruit production, comprising approx. X% of total volume. It was followed by the Philippines (X tonnes), with a X% share of total production.

From 2012 to 2021, the average annual growth rate of volume in Thailand was relatively modest.

Production By Country in South-Eastern Asia

Thailand (X tonnes) remains the largest candied fruit producing country in South-Eastern Asia, comprising approx. X% of total volume. It was followed by the Philippines (X tonnes), with a X% share of total production.

From 2012 to 2021, the average annual rate of growth in terms of volume in Thailand was relatively modest.

Candied Fruit Exports

Exports in South-Eastern Asia

In 2021, after three years of decline, there was significant growth in overseas shipments of candied fruits, when their volume increased by X% to X tonnes. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. As a result, the exports reached the peak of X tonnes. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, candied fruit exports rose markedly to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of candied fruits, namely Thailand, represented more than two-thirds of total export.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of candied fruits. Thailand (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) also remains the largest candied fruit supplier in South-Eastern Asia.

In Thailand, candied fruit exports increased at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

In 2021, the candied fruit export price in South-Eastern Asia amounted to $X per tonne, stabilizing at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per tonne, and then shrank slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2021, the rate of growth in terms of prices for Thailand amounted to +X% per year.

Candied Fruit Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of candied fruits increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, candied fruit imports skyrocketed to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tonnes) was the main importer of candied fruits, constituting X% of total imports. Malaysia (X tonnes) occupied an X% share (based on tonnes) of total imports, which put it in second place, followed by Singapore (X%). Indonesia (X tonnes) and the Philippines (X tonnes) occupied a relatively small share of total imports.

Imports into Thailand increased at an average annual rate of +X% from 2012 to 2021. 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 importer imported in South-Eastern Asia, with a CAGR of +X% from 2012-2021. By contrast, Singapore (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand and Indonesia increased by +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual growth rate of value in Thailand totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Singapore (-X% per year).

Import Prices by Country

In 2021, the candied fruit import price in South-Eastern Asia amounted to $X per tonne, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per tonne in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($X per tonne), while the Philippines ($X per tonne) was amongst the lowest.

From 2012 to 2021, 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.

Source: IndexBox Platform