Southeast Asia Outlook 2024

Southeast Asia Outlook 2024: Opportunity Beckons

CUSHMAN & WAKEFIELD

LONG-TERM DRIVERS RISING TRADE AND INDUSTRIAL PRODUCTION

SOUTHEAST ASIA TAKES UP ABOUT 7.9% OF GLOBAL TRADE IN GOODS Southeast Asia is gaining a stronger foothold in global trade. Within SEA, Singapore still leads in market share, though Vietnam, Malaysia and Indonesia are steadily rising. While SEA continues to benefit from supply chain diversification, the region faces competition from alternative locations such as India and Mexico.

INDUSTRIAL PRODUCTION TO ACCELERATE IN MOST SEA COUNTRIES

Annual industrial production across emerging SEA is expected to accelerate over the next decade, with Vietnam leading growth given her geographical proximity to China.

Source: World Trade Organisation, Cushman & Wakefield Research

Source: World Trade Organisation, Cushman & Wakefield Research

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