South-Eastern Asia: Oil Crops Market 2024

Oil Crops Market Size in South-Eastern Asia

The Southeast Asian oil crops market was estimated at $X in 2022, leveling off at the previous year. The market 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 level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Oil Crops Production in South-Eastern Asia

In value terms, oil crops production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Indonesia (X tons) remains the largest oil crops producing country in South-Eastern Asia, comprising approx. X% of total volume. Moreover, oil crops production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (X tons), threefold. Thailand (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in Indonesia amounted to X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

In 2022, the average yield of oil crops (primary) in South-Eastern Asia stood at X tons per ha, approximately mirroring 2021. Overall, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the oil crops yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of oil crops (primary) were harvested in South-Eastern Asia; therefore, remained relatively stable against the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to oil crops production attained the peak figure at X ha in 2021, and then shrank modestly in the following year.

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Oil Crops Exports

Exports in South-Eastern Asia

After two years of growth, overseas shipments of oil crops (primary) decreased by X% to X tons in 2022. Total exports indicated a prominent 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 increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, oil crops exports fell sharply to $X in 2022. Over the period under review, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. The level of export peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Indonesia (X tons) and Thailand (X tons) dominates exports structure, together committing X% of total exports. Myanmar (X tons) took the next position in the ranking, followed by Vietnam (X tons). All these countries together took near X% share of total exports. Malaysia (X tons) held a relatively small share of total exports.

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

In value terms, Thailand ($X) emerged as the largest oil crops supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Myanmar (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Oil Crops Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of oil crops (primary) decreased by X% to X tons, falling for the second year in a row after two years of growth. Total imports indicated perceptible growth 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, oil crops imports totaled $X in 2022. Total imports indicated a measured increase 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, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, Thailand (X tons), Indonesia (X tons) and Vietnam (X tons) represented the largest importer of oil crops (primary) in South-Eastern Asia, constituting X% of total import. It was distantly followed by Malaysia (X tons), comprising a X% share of total imports. The Philippines (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, Thailand ($X), Indonesia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Malaysia and the Philippines lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to 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, rising by X% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price 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, oil crops import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Philippines ($X per ton) and Vietnam ($X per ton), while Malaysia ($X per ton) and Thailand ($X per ton) were 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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