South-Eastern Asia: Market for Spices Except Pepper or Ginger 2024

Market Size for Spices Except Pepper or Ginger in South-Eastern Asia

The Southeast Asian market for spices except pepper or ginger reduced to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a notable 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. Over the period under review, the market reached the peak level at $X in 2021, and then dropped in the following year.

Production of Spices Except Pepper or Ginger in South-Eastern Asia

In value terms, spices except pepper or ginger production fell to $X in 2022 estimated in export price. The total production indicated slight growth 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Indonesia (X tons) remains the largest spices except pepper or ginger producing country in South-Eastern Asia, comprising approx. X% of total volume. Moreover, spices except pepper or ginger production in Indonesia exceeded the figures recorded by the second-largest producer, Myanmar (X tons), sixfold. Vietnam (X tons) ranked third in terms of total production with a X% share.

In Indonesia, spices except pepper or ginger production 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: Myanmar (X% per year) and Vietnam (X% per year).

The average spices except pepper or ginger yield expanded rapidly to X tons per ha in 2022, with an increase of X% against 2021 figures. In general, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the yield increased by X%. The level of yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of spices except pepper or ginger were harvested in South-Eastern Asia; increasing by X% on the year before. Over the period under review, the harvested area showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the harvested area dedicated to spices except pepper or ginger production reached the peak figure at X ha in 2019; however, from 2020 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Spices Except Pepper or Ginger

Exports in South-Eastern Asia

For the eleventh year in a row, South-Eastern Asia recorded growth in shipments abroad of spices except pepper or ginger, which increased by X% to X tons in 2022. Total exports indicated a prominent 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spices except pepper or ginger exports reached $X in 2022. Total exports indicated a tangible expansion 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. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Myanmar was the main exporting country with an export of about X tons, which recorded X% of total exports. Indonesia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%), Vietnam (X%) and Malaysia (X%). The following exporters - Singapore (X tons) and Cambodia (X tons) - each recorded a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to spices except pepper or ginger exports from Myanmar stood at X%. At the same time, Cambodia (X%), Thailand (X%), Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. Thailand (X p.p.), Vietnam (X p.p.), Indonesia (X p.p.) and Myanmar (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Malaysia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spices except pepper or ginger supplying countries in South-Eastern Asia were Malaysia ($X), Myanmar ($X) and Vietnam ($X), together accounting for X% of total exports. Thailand, Indonesia, Singapore and Cambodia lagged somewhat behind, together comprising a further X%.

Cambodia, 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, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Overall, the export price showed a noticeable descent. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2019 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 Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced more modest paces of growth.

Imports of Spices Except Pepper or Ginger

Imports in South-Eastern Asia

In 2022, after three years of growth, there was significant decline in purchases abroad of spices except pepper or ginger, when their volume decreased by X% to X tons. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then plummeted in the following year.

In value terms, spices except pepper or ginger imports declined remarkably to $X in 2022. Over the period under review, imports, however, saw a measured increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, Malaysia (X tons) represented the main importer of spices except pepper or ginger, making up X% of total imports. It was distantly followed by Singapore (X tons), Indonesia (X tons) and Thailand (X tons), together making up a X% share of total imports. Vietnam (X tons), the Philippines (X tons) and Brunei Darussalam (X tons) followed a long way behind the leaders.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Indonesia (X%), Thailand (X%) and Brunei Darussalam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Singapore and the Philippines experienced a relatively flat trend pattern. From 2012 to 2022, the share of Malaysia, Indonesia, Thailand and Vietnam increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spices except pepper or ginger importing markets in South-Eastern Asia were Malaysia ($X), Singapore ($X) and Thailand ($X), together accounting for X% of total imports. Indonesia, the Philippines, Vietnam and Brunei Darussalam lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of 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, which is down by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($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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