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South-Eastern Asia - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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South-Eastern Asia: Vegetable Oils Market Overview 2021

Vegetable Oils Market Size in South-Eastern Asia

In 2019, the Southeast Asian vegetable oils market decreased by -X% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2018 to 2019, the growth of the market remained at a lower figure.

Vegetable Oils Production in South-Eastern Asia

In value terms, vegetable oils production totaled $X in 2019 estimated in export prices. Overall, production, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. As a result, production reached the peak level of $X. From 2012 to 2019, production growth failed to regain the momentum.

Production By Country in South-Eastern Asia

The countries with the highest volumes of vegetable oils production in 2019 were Indonesia (X tonnes), Malaysia (X tonnes) and Thailand (X tonnes), together comprising X% of total production. Myanmar, the Philippines and Viet Nam lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Myanmar, while vegetable oils production for the other leaders experienced a decline in the production figures.

Vegetable Oils Exports

Exports in South-Eastern Asia

In 2019, overseas shipments of vegetable fats and oils were finally on the rise to reach X tonnes after two years of decline. Over the period under review, exports, however, recorded a deep slump. The volume of export peaked at X tonnes in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

In value terms, vegetable oils exports dropped to $X in 2019. Overall, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2012 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Malaysia was the main exporting country with an export of around X tonnes, which resulted at X% of total exports. It was distantly followed by Indonesia (X tonnes), creating a X% share of total exports. Singapore (X tonnes) occupied a little share of total exports.

From 2007 to 2019, the biggest increases were in Indonesia, while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Malaysia ($X) remains the largest vegetable oils supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value in Malaysia stood at -X%. In the other countries, the average annual rates were as follows: Indonesia (-X% per year) and Singapore (-X% per year).

Export Prices by Country

In 2019, the vegetable oils export price in South-Eastern Asia amounted to $X per tonne, reducing by -X% against the previous year. Export price indicated a measured increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of X% y-o-y. Over the period under review, export prices hit record highs at $X per tonne in 2018, and then declined sharply in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Singapore ($X per tonne), while Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

Vegetable Oils Imports

Imports in South-Eastern Asia

Vegetable oils imports contracted to X tonnes in 2019, reducing by -X% against 2018 figures. Over the period under review, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tonnes in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

In value terms, vegetable oils imports shrank to $X in 2019. Total imports indicated prominent growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. The level of import peaked at $X in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Malaysia (X tonnes) was the main importer of vegetable fats and oils, creating X% of total imports. Viet Nam (X tonnes) ranks second in terms of the total imports with a X% share, followed by the Philippines (X%) and Thailand (X%). Singapore (X tonnes) and Indonesia (X tonnes) took a minor share of total imports.

From 2007 to 2019, average annual rates of growth with regard to vegetable oils imports into Malaysia stood at +X%. At the same time, Viet Nam (+X%) and the Philippines (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +X% from 2007-2019. Thailand experienced a relatively flat trend pattern. By contrast, Indonesia (-X%) and Singapore (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Malaysia and Viet Nam increased by +X% and +X% percentage points, while Indonesia (-X p.p.), Thailand (-X p.p.) and Singapore (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Malaysia, vegetable oils imports increased at an average annual rate of +X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and the Philippines (+X% per year).

Import Prices by Country

The vegetable oils import price in South-Eastern Asia stood at $X per tonne in 2019, falling by -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Singapore ($X per tonne), while Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vegetable fats and oils in South-Eastern Asia?
+
Indonesia (280K tonnes) constituted the country with the largest volume of vegetable oils consumption, comprising approx. 38% of total volume. Moreover, vegetable oils consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Thailand (104K tonnes), threefold. The third position in this ranking was occupied by the Philippines (91K tonnes), with a 12% share.
What are the largest producers of vegetable fats and oils in South-Eastern Asia?
+
The countries with the highest volumes of vegetable oils production in 2019 were Indonesia (528K tonnes), Malaysia (310K tonnes) and Thailand (68K tonnes), together comprising 85% of total production. These countries were followed by Myanmar, the Philippines and Viet Nam, which together accounted for a further 12%.
What are the leading suppliers of vegetable fats and oils in South-Eastern Asia?
+
In value terms, Malaysia ($573M) remains the largest vegetable oils supplier in South-Eastern Asia, comprising 64% of total exports. The second position in the ranking was occupied by Indonesia ($254M), with a 29% share of total exports.
What are the leading importers of vegetable fats and oils in South-Eastern Asia?
+
In value terms, Malaysia ($164M) constitutes the largest market for imported vegetable fats and oils in South-Eastern Asia, comprising 45% of total imports. The second position in the ranking was occupied by Thailand ($58M), with a 16% share of total imports. It was followed by the Philippines, with a 12% share.
What is the average export price for vegetable fats and oils in South-Eastern Asia?
+
In 2019, the vegetable oils export price in South-Eastern Asia amounted to $1,118 per tonne, reducing by -19.5% against the previous year.
What is the average import price for vegetable fats and oils in South-Eastern Asia?
+
The vegetable oils import price in South-Eastern Asia stood at $783 per tonne in 2019, falling by -6.4% against the previous year.

Product coverage:
• Prodcom 10416050 - Vegetable fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)

This report provides an in-depth analysis of the vegetable oils market in South-Eastern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Brunei Darussalam
• Cambodia
• Lao People's Democratic Republic
• Timor-Leste

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in South-Eastern Asia, split by region and country
• Trade (exports and imports) in South-Eastern Asia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Brunei Darussalam
• Cambodia
• Indonesia
• Malaysia
• Myanmar
• Philippines
• Singapore
• Thailand
• Timor-Leste
• Viet Nam
• Lao People's Democratic Republic
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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