South-Eastern Asia: Sails Market 2024

Sails Market Size in South-Eastern Asia

The Southeast Asian sails market skyrocketed to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption recorded a strong expansion. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Sails Production in South-Eastern Asia

In value terms, sails production stood at $X in 2023 estimated in export price. Overall, production posted resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Sails Exports

Exports in South-Eastern Asia

In 2023, overseas shipments of sails decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then dropped remarkably in the following year.

In value terms, sails exports shrank rapidly to $X in 2023. In general, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

The Philippines prevails in exports structure, resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by Thailand (X tons), comprising a X% share of total exports.

The Philippines was also the fastest-growing in terms of the sails exports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%) displayed positive paces of growth. The Philippines (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest sails supplying countries in South-Eastern Asia were the Philippines ($X) and Thailand ($X).

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

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 Thailand ($X per ton), while the Philippines totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%).

Sails Imports

Imports in South-Eastern Asia

In 2023, supplies from abroad of sails decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. In general, imports, however, showed a moderate increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, sails imports shrank to $X in 2023. Total imports indicated a buoyant expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Thailand (X tons) and Vietnam (X tons) were the key importers of sails in South-Eastern Asia, together accounting for near X% of total imports. Malaysia (X tons) took the next position in the ranking, followed by Lao People's Democratic Republic (X tons), Singapore (X tons) and Indonesia (X tons). All these countries together held approx. X% share of total imports. The Philippines (X kg) took a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

In terms of the main importing countries, Thailand, 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 2023, rising by X% against the previous year. Overall, the import price posted a modest expansion. The pace of growth appeared the most rapid in 2014 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, 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