South-Eastern Asia: Canned Meat Market 2024

Canned Meat Market Size in South-Eastern Asia

The Southeast Asian canned meat market rose slightly to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Canned Meat Production in South-Eastern Asia

In value terms, canned meat production expanded modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Canned Meat Exports

Exports in South-Eastern Asia

In 2023, after two years of growth, there was significant decline in overseas shipments of canned meat, when their volume decreased by X% to X tons. The total export volume 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 pace of growth was the most pronounced in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, canned meat exports dropped to $X in 2023. The total export 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 growth pace was the most rapid in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Thailand dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Malaysia (X tons), constituting a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to canned meat exports from Thailand stood at X%. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Thailand, canned meat exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand stood at $X per ton.

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

Canned Meat Imports

Imports in South-Eastern Asia

In 2023, after three years of growth, there was decline in purchases abroad of canned meat, when their volume decreased by X% to X tons. The total import volume 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 pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of X tons, and then shrank modestly in the following year.

In value terms, canned meat imports reduced remarkably to $X in 2023. Over the period under review, imports, however, saw a strong expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then reduced sharply in the following year.

Imports by Country

In 2023, Singapore (X tons) and the Philippines (X tons) represented the major importers of canned meat in South-Eastern Asia, together amounting to near X% of total imports. It was distantly followed by Thailand (X tons) and Indonesia (X tons), together making up a X% share of total imports. Malaysia (X tons), Vietnam (X tons) and Cambodia (X tons) held 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 Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest canned meat importing markets in South-Eastern Asia were Singapore ($X), the Philippines ($X) and Thailand ($X), with a combined X% share of total imports.

Among the main importing countries, the Philippines, 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, waning by X% against the previous year. Import price indicated a temperate expansion from 2012 to 2023: its price 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 growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then declined in the following year.

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 Indonesia ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform