South-Eastern Asia: Vinegar Market 2024

Vinegar Market Size in South-Eastern Asia

In 2023, the Southeast Asian vinegar market was finally on the rise to reach $X for the first time since 2020, thus ending a two-year declining trend. Overall, consumption enjoyed a pronounced increase. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Vinegar Production in South-Eastern Asia

In value terms, vinegar production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

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Vinegar Exports

Exports in South-Eastern Asia

For the fourth consecutive year, South-Eastern Asia recorded growth in shipments abroad of vinegar, which increased by X% to X tons in 2023. Overall, exports recorded a resilient increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in the near future.

In value terms, vinegar exports skyrocketed to $X in 2023. Over the period under review, exports posted resilient growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

In 2023, the Philippines (X tons) represented the largest exporter of vinegar, constituting X% of total exports. Thailand (X tons) took the second position in the ranking, followed by Malaysia (X tons). All these countries together took near X% share of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to vinegar exports from the Philippines 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 2012-2023. Singapore experienced a relatively flat trend pattern. Thailand (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore and the Philippines saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the Philippines ($X) remains the largest vinegar supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with an X% share.

From 2012 to 2023, the average annual growth rate of value in the Philippines totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2023, the export prices failed to regain momentum.

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 Singapore ($X per ton), while Thailand ($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 mixed trends in the export price figures.

Vinegar Imports

Imports in South-Eastern Asia

In 2023, the amount of vinegar imported in South-Eastern Asia declined to X tons, falling by X% against 2022 figures. Total imports indicated a buoyant increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. 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 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, vinegar imports contracted to $X in 2023. Total imports indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then declined in the following year.

Imports by Country

Singapore (X tons) and Malaysia (X tons) represented the main importers of vinegar in 2023, finishing at near X% and X% of total imports, respectively. The Philippines (X tons) held the next position in the ranking, followed by Vietnam (X tons), Thailand (X tons), Indonesia (X tons) and Cambodia (X tons). All these countries together held near X% share of total imports. Lao People's Democratic Republic (X tons) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lao People's Democratic Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vinegar importing markets in South-Eastern Asia were Malaysia ($X), Singapore ($X) and Thailand ($X), together accounting for X% of total imports. The Philippines, Vietnam, Indonesia, Cambodia and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

Lao People's Democratic Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Overall, the import price saw a slight shrinkage. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2023, 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 Thailand ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform