South-Eastern Asia: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in South-Eastern Asia

The Southeast Asian sauce and seasoning market rose modestly to $X in 2022, increasing by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Sauce And Seasoning Production in South-Eastern Asia

In value terms, sauce and seasoning production totaled $X in 2022 estimated in export price. In general, production showed modest growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Sauce And Seasoning Exports

Exports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in overseas shipments of sauces and seasonings, which increased by X% to X tons in 2022. Total exports indicated a buoyant expansion 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 2012 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, sauce and seasoning exports rose slightly to $X in 2022. Total exports indicated a strong 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, exports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Thailand was the major exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Malaysia (X tons), Indonesia (X tons), the Philippines (X tons), Singapore (X tons) and Vietnam (X tons), together generating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sauce and seasoning exports from Thailand stood at X%. At the same time, Vietnam (X%), the Philippines (X%), Indonesia (X%), Singapore (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 2012-2022. While the share of the Philippines (X p.p.), Thailand (X p.p.), Vietnam (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) and Malaysia (X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest sauce and seasoning supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Malaysia, 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 Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, flattening at the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat lower figure.

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 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 the Philippines (X%), while the other leaders experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports in South-Eastern Asia

For the seventh consecutive year, South-Eastern Asia recorded growth in supplies from abroad of sauces and seasonings, which increased by X% to X tons in 2022. Over the period under review, imports recorded a prominent increase. The growth pace was the most rapid in 2014 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, sauce and seasoning imports stood at $X in 2022. Total imports indicated a strong 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 2014 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

The countries with the highest levels of sauce and seasoning imports in 2022 were the Philippines (X tons), Malaysia (X tons), Singapore (X tons), Indonesia (X tons) and Thailand (X tons), together amounting to X% of total import. Vietnam (X tons) ranks next in terms of the total imports with a X% share, followed by Cambodia (X%) and Lao People's Democratic Republic (X%).

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

In value terms, the Philippines ($X), Malaysia ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Indonesia, Vietnam, Thailand, Cambodia and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Vietnam, with a CAGR of X%, recorded 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

The import price in South-Eastern Asia stood at $X per ton in 2022, approximately mirroring the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 ($X per ton), while Lao People's Democratic Republic ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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