South-Eastern Asia: Canned Mushroom Market 2024

Canned Mushroom Market Size in South-Eastern Asia

The Southeast Asian canned mushroom market surged to $X in 2022, rising by 229% against the previous year. In general, consumption enjoyed a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Canned Mushroom Production in South-Eastern Asia

In value terms, canned mushroom production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 93% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Canned Mushroom Exports

Exports in South-Eastern Asia

Canned mushroom exports contracted to X tons in 2022, with a decrease of -13.4% on the year before. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 11%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, canned mushroom exports totaled $X in 2022. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 75% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), Indonesia (X tons) and Singapore (X tons) represented roughly 85% of total exports in 2022. Thailand (X tons) ranks next in terms of the total exports with an 8.6% share, followed by Malaysia (6.2%).

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +12.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 80% of total exports. Singapore and Malaysia lagged somewhat behind, together accounting for a further 20%.

Among the main exporting countries, Malaysia, with a CAGR of +13.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, increasing by 16% against the previous year. Export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, canned mushroom export price decreased by -15.0% against 2020 indices. The growth pace was the most rapid in 2019 an increase of 58% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.6%), while the other leaders experienced more modest paces of growth.

Canned Mushroom Imports

Imports in South-Eastern Asia

Canned mushroom imports skyrocketed to X tons in 2022, rising by 1,073% compared with 2021 figures. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, canned mushroom imports surged to $X in 2022. Overall, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam dominates imports structure, accounting for X tons, which was near 89% of total imports in 2022. Malaysia (X tons), the Philippines (X tons) and Singapore (X tons) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the canned mushrooms imports, with a CAGR of +80.0% from 2012 to 2022. At the same time, Malaysia (+8.4%), the Philippines (+6.4%) and Singapore (+4.3%) displayed positive paces of growth. Vietnam (+85 p.p.) significantly strengthened its position in terms of the total imports, while Singapore, Malaysia and the Philippines saw its share reduced by -18%, -26.9% and -30.5% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported canned mushrooms in South-Eastern Asia, comprising 56% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 16% share of total imports. It was followed by the Philippines, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam stood at +51.4%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+11.1% per year) and the Philippines (+13.8% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, which is down by -65.1% against the previous year. Over the period under review, the import price showed a drastic downturn. The pace of growth appeared the most rapid in 2014 an increase of 12% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Vietnam ($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 (+6.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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