South-Eastern Asia: Candied Fruit Market 2024

Candied Fruit Market Size in South-Eastern Asia

The Southeast Asian candied fruit market rose modestly to $X in 2022, picking up by X% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Candied Fruit Production in South-Eastern Asia

In value terms, candied fruit production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Thailand (X tons) remains the largest candied fruit producing country in South-Eastern Asia, comprising approx. X% of total volume. Moreover, candied fruit production in Thailand exceeded the figures recorded by the second-largest producer, Cambodia (X tons), twofold. The third position in this ranking was held by Indonesia (X tons), with an X% share.

In Thailand, candied fruit production plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cambodia (X% per year) and Indonesia (X% per year).

Candied Fruit Exports

Exports in South-Eastern Asia

In 2022, after two years of growth, there was decline in shipments abroad of candied fruits, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, candied fruit exports totaled $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Thailand represented the main exporter of candied fruits in South-Eastern Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Cambodia (X tons) and Vietnam (X tons), together creating a X% share of total exports.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of candied fruits. At the same time, Cambodia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Cambodia and Vietnam increased by X and X percentage points, respectively.

In value terms, Thailand ($X) remains the largest candied fruit supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Cambodia ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, growing 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 2015 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

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

Candied Fruit Imports

Imports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded growth in overseas purchases of candied fruits, which increased by X% to X tons in 2022. Overall, imports saw a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, candied fruit imports rose markedly to $X in 2022. In general, imports showed a prominent increase. The growth pace was the most rapid in 2018 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

In 2022, Thailand (X tons) represented the largest importer of candied fruits, creating X% of total imports. Malaysia (X tons) ranks second in terms of the total imports with a X% share, followed by Singapore (X%). The following importers - Indonesia (X tons) and Vietnam (X tons) - each amounted to a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to candied fruit imports into Thailand stood at X%. At the same time, Vietnam (X%), Indonesia (X%) and Malaysia (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. By contrast, Singapore (X%) illustrated a downward trend over the same period. Thailand (X p.p.), Malaysia (X p.p.), Vietnam (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest candied fruit importing markets in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Singapore ($X), with a combined X% share of total imports. Vietnam and Indonesia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 ($X per ton), while Thailand ($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.

Source: IndexBox Platform

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