South-Eastern Asia: Ice Cream Market 2024

Ice Cream Market Size in South-Eastern Asia

The Southeast Asian ice cream market reduced to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Ice Cream Production in South-Eastern Asia

In value terms, ice cream production dropped to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Ice Cream Exports

Exports in South-Eastern Asia

In 2022, the amount of ice cream exported in South-Eastern Asia surged to X tons, jumping by X% on the year before. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, ice cream exports expanded markedly to $X in 2022. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Thailand (X tons) and Indonesia (X tons) represented the key exporters of ice cream in South-Eastern Asia, together recording approx. X% of total exports. The Philippines (X tons) ranks next in terms of the total exports with a X% share, followed by Malaysia (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest ice cream supplying countries in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Malaysia ($X), 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, reducing by X% against the previous year. In general, the export price saw a mild downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the Philippines ($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 mixed trends in the export price figures.

Ice Cream Imports

Imports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in purchases abroad of ice cream, which increased by X% to X tons in 2022. In general, imports recorded a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, ice cream imports expanded sharply to $X in 2022. Over the period under review, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

The Philippines (X tons) and Malaysia (X tons) represented roughly X% of total imports in 2022. Singapore (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%) and Indonesia (X%). Thailand (X tons) and Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

Cambodia, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in South-Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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