South-Eastern Asia: Refrigerated Vessel Market 2024

Refrigerated Vessel Market Size in South-Eastern Asia

The Southeast Asian refrigerated vessel market contracted to $X in 2022, waning by X% against the previous year. Overall, consumption, however, faced a dramatic decline. The level of consumption peaked at $X,318.5B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Refrigerated Vessel Production in South-Eastern Asia

In value terms, refrigerated vessel production contracted dramatically to $X in 2022 estimated in export price. In general, production, however, faced a sharp contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by X,245,610%. As a result, production reached the peak level of $X,020.4B. From 2017 to 2022, production growth remained at a lower figure.

Refrigerated Vessel Exports

Exports in South-Eastern Asia

Refrigerated vessel exports contracted notably to X units in 2022, reducing by X% compared with 2021. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by X,715,200% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, refrigerated vessel exports declined notably to $X in 2022. In general, exports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Singapore (X units), followed by Thailand (X units) represented the largest exporters of refrigerated vessels (ships), together generating X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of X%).

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

In Thailand, refrigerated vessel exports declined by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price faced a dramatic descent. The most prominent rate of growth was recorded in 2015 an increase of X,084% against the previous year. Over the period under review, the export prices hit record highs at $X,623 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Singapore stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%).

Refrigerated Vessel Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of refrigerated vessels (ships) decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a slight increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, refrigerated vessel imports contracted to $X in 2022. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia represented the key importing country with an import of about X units, which finished at X% of total imports. Malaysia (X units) held the second position in the ranking, followed by Singapore (X units). All these countries together took near X% share of total imports.

Indonesia was also the fastest-growing in terms of the refrigerated vessels (ships) imports, with a CAGR of X% from 2012 to 2022. Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

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

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

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The level of import peaked at $X,033 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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