ASEAN: Melon Seed Market 2024

Melon Seed Market Size in ASEAN

The ASEAN melon seed market reduced rapidly to $X in 2023, with a decrease of X% against the previous year. The total consumption indicated slight growth from 2012 to 2023: its value 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. Based on 2023 figures, consumption increased by X% against 2021 indices. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Melon Seed Production in ASEAN

In value terms, melon seed production expanded modestly to $X in 2023 estimated in export price. The total production indicated a notable increase from 2012 to 2023: its value 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. Based on 2023 figures, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production hit record highs in 2023 and is likely to continue growth in the near future.

The countries with the highest volumes of production in 2023 were the Philippines (X tons), Myanmar (X tons) and Indonesia (X tons).

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Indonesia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

Melon Seed Exports

Exports in ASEAN

In 2023, overseas shipments of melon seed increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2023, the growth of the exports remained at a lower figure.

In value terms, melon seed exports soared to $X in 2023. Overall, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand represented the main exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by the Philippines (X tons) and Myanmar (X tons), together committing a X% share of total exports. The following exporters - Malaysia (X tons) and Indonesia (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to melon seed exports from Thailand stood at X%. At the same time, Indonesia (X%), Myanmar (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Thailand, the Philippines, Malaysia and Indonesia increased by X, X, X and X percentage points, respectively.

In value terms, Thailand ($X) remains the largest melon seed supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Myanmar ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

In Thailand, melon seed exports expanded 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: Myanmar (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, shrinking by X% against the previous year. In general, the export price, however, enjoyed a modest increase. The growth pace was the most rapid in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

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

Melon Seed Imports

Imports in ASEAN

In 2023, the amount of melon seed imported in ASEAN reduced dramatically to X tons, waning by X% on 2022. Overall, imports showed a slight shrinkage. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, melon seed imports shrank notably to $X in 2023. Total imports indicated a pronounced increase from 2012 to 2023: its value 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. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

Vietnam dominates imports structure, accounting for X tons, which was near X% of total imports in 2023. It was distantly followed by Thailand (X tons), committing a X% share of total imports. The following importers - Singapore (X tons) and Malaysia (X tons) - each reached a X% share of total imports.

Imports into Vietnam decreased at an average annual rate of X% from 2012 to 2023. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) and Thailand (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), Malaysia (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported melon seed in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with an X% share of total imports. It was followed by Malaysia, with a X% share.

In Vietnam, melon seed imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, picking up by X% against the previous year. Import price indicated perceptible growth 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. Based on 2023 figures, melon seed import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform