ASEAN: Fruit Flour Market 2024

Fruit Flour Market Size in ASEAN

In 2022, the ASEAN fruit flour market increased by 11% to $X, rising for the fourth year in a row after two years of decline. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +47.5% against 2018 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Fruit Flour Production in ASEAN

In value terms, fruit flour production expanded sharply to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +33.0% against 2016 indices. The pace of growth was the most pronounced in 2016 with an increase of 69%. The level of production peaked in 2022 and is likely to see gradual growth in years to come.

Fruit Flour Exports

Exports in ASEAN

In 2022, after two years of growth, there was significant decline in overseas shipments of fruit flour, when their volume decreased by -18.7% to X tons. Total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 60%. Over the period under review, the exports reached the maximum at X tons in 2021, and then dropped remarkably in the following year.

In value terms, fruit flour exports shrank to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by 35% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

In 2022, Vietnam (X tons), Malaysia (X tons), Indonesia (X tons), Singapore (X tons) and the Philippines (X tons) was the largest exporter of fruit flour in ASEAN, constituting 93% of total export. It was distantly followed by Thailand (X tons), comprising a 6.5% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +51.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2022, with a combined 75% share of total exports. Singapore, Thailand and the Philippines lagged somewhat behind, together accounting for a further 25%.

Among the main exporting countries, Singapore, with a CAGR of +47.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, growing by 7% against the previous year. Over the period under review, the export price saw notable growth. The growth pace was the most rapid in 2016 an increase of 90%. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.3%), while the other leaders experienced more modest paces of growth.

Fruit Flour Imports

Imports in ASEAN

After three years of growth, purchases abroad of fruit flour decreased by -16.9% to X tons in 2022. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 143%. The volume of import peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, fruit flour imports fell to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 when imports increased by 141%. Over the period under review, imports hit record highs at $X in 2021, and then declined modestly in the following year.

Imports by Country

Singapore represented the main importing country with an import of around X tons, which reached 56% of total imports. It was distantly followed by Malaysia (X tons), Thailand (X tons), Indonesia (X tons) and the Philippines (X tons), together comprising a 40% share of total imports. Vietnam (X tons) held a relatively small share of total imports.

Singapore was also the fastest-growing in terms of the fruit flour imports, with a CAGR of +30.3% from 2012 to 2022. At the same time, Thailand (+26.3%), the Philippines (+24.2%), Indonesia (+5.8%) and Vietnam (+4.9%) displayed positive paces of growth. By contrast, Malaysia (-3.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore, Thailand and the Philippines increased by +44, +9.1 and +3.1 percentage points, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported fruit flour in ASEAN, comprising 47% of total imports. The second position in the ranking was held by Malaysia ($X), with a 17% share of total imports. It was followed by Thailand, with a 16% share.

In Singapore, fruit flour imports expanded at an average annual rate of +27.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+3.2% per year) and Thailand (+25.3% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, jumping by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+12.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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