Asia-Pacific: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in Asia-Pacific

For the fourth year in a row, the Asia-Pacific margarine and shortening market recorded growth in sales value, which increased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2023 and is expected to retain growth in years to come.

Margarine And Shortening Production in Asia-Pacific

In value terms, margarine and shortening production surged to $X in 2023 estimated in export price. The total output 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. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. The level of production peaked in 2023 and is expected to retain growth in the near future.

Margarine And Shortening Exports

Exports in Asia-Pacific

In 2023, after two years of growth, there was decline in overseas shipments of margarine and shortening, when their volume decreased by X% to X tons. Total exports indicated a prominent 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2022, and then dropped slightly in the following year.

In value terms, margarine and shortening exports fell to $X in 2023. Overall, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2022, and then fell in the following year.

Exports by Country

Indonesia represented the key exporter of margarine and shortening in Asia-Pacific, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. It was distantly followed by Malaysia (X tons), achieving a X% share of total exports. Singapore (X tons) took a relatively small share of total exports.

Indonesia was also the fastest-growing in terms of the margarine and shortening exports, with a CAGR of X% from 2012 to 2023. At the same time, Singapore (X%) and Malaysia (X%) displayed positive paces of growth. From 2012 to 2023, the share of Indonesia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest margarine and shortening supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports.

In Indonesia, margarine and shortening exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then declined in the following year.

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.

Margarine And Shortening Imports

Imports in Asia-Pacific

In 2023, the amount of margarine and shortening imported in Asia-Pacific was estimated at X tons, surging by X% on 2022 figures. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, margarine and shortening imports contracted notably to $X in 2023. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then contracted markedly in the following year.

Imports by Country

China prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2023. Singapore (X tons), Malaysia (X tons), Thailand (X tons), Vietnam (X tons), the Philippines (X tons) and South Korea (X tons) took a relatively small share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2023. At the same time, Malaysia (X%), Singapore (X%), Thailand (X%), Vietnam (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. South Korea experienced a relatively flat trend pattern. From 2012 to 2023, the share of China, Malaysia and Singapore increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported margarine and shortening in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In China, margarine and shortening 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: Singapore (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then reduced sharply 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 Singapore ($X per ton), while China ($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