ASEAN: Canned Mushroom Market 2024

Canned Mushroom Market Size in ASEAN

The ASEAN canned mushroom market skyrocketed to $X in 2022, picking up by 229% against the previous year. In general, consumption recorded a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Canned Mushroom Production in ASEAN

In value terms, canned mushroom production expanded remarkably to $X in 2022 estimated in export price. Overall, production posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 93% 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.

Canned Mushroom Exports

Exports in ASEAN

For the third year in a row, ASEAN recorded decline in overseas shipments of canned mushrooms, which decreased by -13.4% to X tons in 2022. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 11%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, canned mushroom exports stood at $X in 2022. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 75%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of canned mushrooms, namely Vietnam, Indonesia and Singapore, represented more than two-thirds of total export. Thailand (X tons) held an 8.6% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (6.2%).

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +12.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest canned mushroom supplying countries in ASEAN were Vietnam ($X), Indonesia ($X) and Thailand ($X), together accounting for 80% of total exports. Singapore and Malaysia lagged somewhat behind, together accounting for a further 20%.

In terms of the main exporting countries, Malaysia, with a CAGR of +13.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, surging by 16% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, canned mushroom export price decreased by -15.0% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the export price increased by 58%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, 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 Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.6%), while the other leaders experienced more modest paces of growth.

Canned Mushroom Imports

Imports in ASEAN

In 2022, the amount of canned mushrooms imported in ASEAN surged to X tons, increasing by 1,074% on the year before. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, canned mushroom imports skyrocketed to $X in 2022. Overall, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam prevails in imports structure, resulting at X tons, which was near 89% of total imports in 2022. Malaysia (X tons), the Philippines (X tons) and Singapore (X tons) took a minor share of total imports.

Vietnam was also the fastest-growing in terms of the canned mushrooms imports, with a CAGR of +80.0% from 2012 to 2022. At the same time, Malaysia (+8.4%), the Philippines (+6.4%) and Singapore (+4.3%) displayed positive paces of growth. While the share of Vietnam (+85 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (-18.1 p.p.), Malaysia (-27 p.p.) and the Philippines (-30.6 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) constitutes the largest market for imported canned mushrooms in ASEAN, comprising 56% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 16% share of total imports. It was followed by the Philippines, with an 8.8% share.

In Vietnam, canned mushroom imports expanded at an average annual rate of +51.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+11.1% per year) and the Philippines (+13.8% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, with a decrease of -65.1% against the previous year. Overall, the import price showed a deep reduction. The pace of growth appeared the most rapid in 2014 when the import price increased by 12%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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