ASEAN: Market for Prepared Dishes and Meals 2024

Market Size for Prepared Dishes and Meals in ASEAN

The ASEAN prepared dishes and meal market was estimated at $X in 2023, remaining 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 throughout the analyzed period. Over the period under review, the market reached the maximum level in 2023 and is expected to retain growth in the near future.

Production of Prepared Dishes and Meals in ASEAN

In value terms, prepared dishes and meal production stood at $X in 2023 estimated in export price. The total production indicated a resilient 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 decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

Exports of Prepared Dishes and Meals

Exports in ASEAN

In 2023, overseas shipments 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 resilient growth 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 most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then fell in the following year.

In value terms, prepared dishes and meal exports contracted notably to $X in 2023. Overall, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then reduced remarkably in the following year.

Exports by Country

Thailand was the largest exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Malaysia (X tons), Indonesia (X tons) and Singapore (X tons), together constituting a X% share of total exports. Vietnam (X tons) and the Philippines (X tons) took a minor share 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 ASEAN, 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 ($X) remains the largest prepared dishes and meal supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with an X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore totaled X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 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 Singapore (X%), while the other leaders experienced more modest paces of growth.

Imports of Prepared Dishes and Meals

Imports in ASEAN

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

In value terms, prepared dishes and meal imports contracted to $X in 2023. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then fell in the following year.

Imports by Country

In 2023, the Philippines (X tons), Malaysia (X tons), Singapore (X tons), Indonesia (X tons), Vietnam (X tons) and Thailand (X tons) represented the major importer of prepared dishes and meals in ASEAN, generating X% of total import. It was distantly followed by Myanmar (X tons), mixing up 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 ASEAN were Vietnam ($X), the Philippines ($X) and Malaysia ($X), together accounting for X% 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 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 ASEAN stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price saw 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