South-Eastern Asia: Quinoa Market 2024

Quinoa Market Size in South-Eastern Asia

In 2022, the Southeast Asian quinoa market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a significant expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Quinoa Production in South-Eastern Asia

In value terms, quinoa production amounted to $X in 2022 estimated in export price. In general, production showed a dramatic decrease. The growth pace was the most rapid in 2013 with a decrease of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Lao People's Democratic Republic (X kg) remains the largest quinoa producing country in South-Eastern Asia, comprising approx. X% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Lao People's Democratic Republic was relatively modest.

Quinoa Exports

Exports in South-Eastern Asia

In 2022, quinoa exports in South-Eastern Asia reduced notably to X tons, shrinking by X% on the year before. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2015 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, quinoa exports fell notably to $X in 2022. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore was the major exporter of quinoa in South-Eastern Asia, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. Thailand (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%).

From 2013 to 2022, average annual rates of growth with regard to quinoa exports from Singapore stood at X%. At the same time, Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2013-2022. While the share of Thailand (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total exports from 2013-2022, the share of Malaysia (X p.p.) displayed negative dynamics.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a 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 Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Quinoa Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of quinoa were imported in South-Eastern Asia; with an increase of X% compared with the previous year. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, quinoa imports surged to $X in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) represented the largest importer of quinoa, mixing up X% of total imports. The Philippines (X tons) held the second position in the ranking, followed by Singapore (X tons), Malaysia (X tons), Indonesia (X tons) and Myanmar (X tons). All these countries together took near X% share of total imports. Vietnam (X tons) held a minor share of total imports.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X.6%), Vietnam (X%), Singapore (X%), Indonesia (X%), the Philippines (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.6% from 2012-2022. While the share of Thailand (X p.p.), the Philippines (X p.p.), Malaysia (X p.p.), Indonesia (X p.p.), Myanmar (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) constitutes the largest market for imported quinoa in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Thailand, quinoa imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price recorded a abrupt descent. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained 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 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 Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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