South-Eastern Asia: Prepared Drier Market 2024

Prepared Drier Market Size in South-Eastern Asia

After two years of growth, the Southeast Asian prepared drier market decreased by X% to $X in 2023. Overall, consumption continues to indicate a perceptible shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Prepared Drier Production in South-Eastern Asia

In value terms, prepared drier production stood at $X in 2023 estimated in export price. Overall, production saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Prepared Drier Exports

Exports in South-Eastern Asia

In 2023, the amount of prepared driers exported in South-Eastern Asia rose markedly to X tons, picking up by X% against 2022. Total exports indicated a modest increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, prepared drier exports dropped remarkably to $X in 2023. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Thailand was the main exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Malaysia (X tons), achieving a X% share of total exports. The following exporters - Singapore (X tons), Vietnam (X tons) and Indonesia (X tons) - each reached an X% share of total exports.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of prepared driers. At the same time, Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Singapore experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Thailand saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest prepared drier supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Thailand was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, dropping by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then fell dramatically in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Prepared Drier Imports

Imports in South-Eastern Asia

In 2023, imports of prepared driers in South-Eastern Asia reduced to X tons, which is down by X% compared with the previous year's figure. Over the period under review, imports showed a noticeable downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, prepared drier imports contracted to $X in 2023. In general, imports continue to indicate a slight decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

Indonesia was the main importing country with an import of around X tons, which reached X% of total imports. Malaysia (X tons) ranks second in terms of the total imports with a X% share, followed by the Philippines (X%), Vietnam (X%) and Singapore (X%). The following importers - Myanmar (X tons) and Thailand (X tons) - together made up X% of total imports.

Indonesia experienced a relatively flat trend pattern with regard to volume of imports of prepared driers. At the same time, Myanmar (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. The Philippines experienced a relatively flat trend pattern. By contrast, Vietnam (X%), Singapore (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Indonesia, Malaysia, Myanmar and the Philippines increased by X, X, X and X percentage points, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported prepared driers in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Vietnam, with an X% share.

In Indonesia, prepared drier imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, falling by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then reduced slightly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform