South-Eastern Asia: Travel Set Market 2024

Travel Set Market Size in South-Eastern Asia

The Southeast Asian travel set market soared to $X in 2022, with an increase of X% against the previous year. In general, consumption showed significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Travel Set Production in South-Eastern Asia

In value terms, travel set production soared to $X in 2022 estimated in export price. Overall, production showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Travel Set Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of travel sets increased by X% to X units, rising for the fourth year in a row after two years of decline. Overall, exports showed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, travel set exports soared to $X in 2022. Over the period under review, exports enjoyed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Cambodia prevails in exports structure, recording X units, which was approx. X% of total exports in 2022. The following exporters - Vietnam (X units), Singapore (X units), Indonesia (X units) and Thailand (X units) - together made up X% of total exports.

Cambodia was also the fastest-growing in terms of the travel sets exports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%) displayed positive paces of growth. Indonesia experienced a relatively flat trend pattern. By contrast, Thailand (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Cambodia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (X p.p.), Thailand (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

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

In Cambodia, travel set exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price recorded a slight expansion. The pace of growth was the most pronounced in 2018 when the export price increased by X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the export price figures.

Travel Set Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of travel sets was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, continue to indicate a noticeable descent. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, travel set imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Philippines (X units) and Malaysia (X units) represented the main importers of travel sets in South-Eastern Asia, together amounting to near X% of total imports. It was distantly followed by Singapore (X units), Thailand (X units) and Indonesia (X units), together creating a X% share of total imports. The following importers - Timor-Leste (X units) and Vietnam (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Timor-Leste (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) constitutes the largest market for imported travel sets in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the Philippines amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, waning by X% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price 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 most prominent rate of growth was recorded in 2013 when the import price increased by X%. The level of import peaked at $X per unit in 2021, and then fell remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Timor-Leste ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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