South-Eastern Asia: Market for Prepared Dishes and Meals 2024

Market Size for Prepared Dishes and Meals in South-Eastern Asia

The Southeast Asian prepared dishes and meal market was estimated at $X in 2023, therefore, remained relatively stable against the previous year. The market 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. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in years to come.

Production of Prepared Dishes and Meals in South-Eastern Asia

In value terms, prepared dishes and meal production amounted to $X in 2023 estimated in export price. The total production indicated a strong expansion 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. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; afterwards, it flattened through to 2023.

Exports of Prepared Dishes and Meals

Exports in South-Eastern Asia

In 2023, shipments abroad of prepared dishes and meals decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Total exports indicated a prominent increase from 2012 to 2023: its volume 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. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2022, and then dropped in the following year.

In value terms, prepared dishes and meal exports reduced markedly to $X in 2023. Over the period under review, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then shrank dramatically in the following year.

Exports by Country

Thailand represented the key exporting country with an export of around X tons, which finished at X% of total exports. Malaysia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%) and Singapore (X%). The following exporters - Vietnam (X tons) and the Philippines (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to prepared dishes and meal exports from Thailand stood at X%. At the same time, Vietnam (X%), Indonesia (X%), Singapore (X%), Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. While the share of Indonesia (X p.p.), Singapore (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Malaysia (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Singapore, prepared dishes and meal exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price, however, showed a prominent increase. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Imports of Prepared Dishes and Meals

Imports in South-Eastern Asia

In 2023, after seven years of growth, there was decline in overseas purchases of prepared dishes and meals, when their volume decreased by X% to X tons. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then shrank slightly in the following year.

In value terms, prepared dishes and meal imports shrank to $X in 2023. In general, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then fell in the following year.

Imports by Country

The countries with the highest levels of prepared dishes and meal imports in 2023 were the Philippines (X tons), Malaysia (X tons), Singapore (X tons), Indonesia (X tons), Vietnam (X tons) and Thailand (X tons), together finishing at X% of total import. It was distantly followed by Myanmar (X tons), committing a X% share of total imports.

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

In value terms, the largest prepared dishes and meal importing markets in South-Eastern Asia were Vietnam ($X), the Philippines ($X) and Malaysia ($X), with a combined X% share of total imports. Thailand, Indonesia, Singapore and Myanmar lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Myanmar, 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

In 2023, the import price in South-Eastern Asia amounted to $X per ton, which is down by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the import prices remained at a lower figure.

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 Vietnam ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform