South-Eastern Asia: Chewing Gum Market 2024

Chewing Gum Market Size in South-Eastern Asia

In 2023, the Southeast Asian chewing gum market increased by X% to $X, rising for the second year in a row after three years of decline. The total consumption indicated measured growth 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, consumption increased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Chewing Gum Production in South-Eastern Asia

In value terms, chewing gum production reached $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 in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Chewing Gum Exports

Exports in South-Eastern Asia

In 2023, after two years of growth, there was significant decline in shipments abroad of chewing gum, when their volume decreased by X% to X tons. In general, exports recorded a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, chewing gum exports declined to $X in 2023. Overall, exports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tons) and Vietnam (X tons) prevails in exports structure, together generating X% of total exports. Indonesia (X tons) ranks next in terms of the total exports with an X% share, followed by Malaysia (X%). The following exporters - Thailand (X tons) and Singapore (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the Philippines ($X), Vietnam ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Indonesia, Thailand and Singapore lagged somewhat behind, together comprising a further X%.

Singapore, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. 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 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 Indonesia (X%), while the other leaders experienced more modest paces of growth.

Chewing Gum Imports

Imports in South-Eastern Asia

After two years of growth, purchases abroad of chewing gum decreased by X% to X tons in 2023. Overall, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2022 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, chewing gum imports shrank to $X in 2023. Over the period under review, imports recorded a mild downturn. The pace of growth was the most pronounced in 2022 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons) and Indonesia (X tons) were the main importers of chewing gum in 2023, recording near X% and X% of total imports, respectively. It was distantly followed by Malaysia (X tons), Thailand (X tons) and the Philippines (X tons), together generating a X% share of total imports. Cambodia (X tons) and Myanmar (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 main importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chewing gum importing markets in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and Indonesia ($X), with a combined X% share of total imports. Thailand, Myanmar, Cambodia and the Philippines lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Myanmar, with a CAGR of X%, saw 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, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2023, 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 Myanmar ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform