ASEAN: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in ASEAN

In 2022, after two years of decline, there was growth in the ASEAN beet-pulp and bagasse market, when its value increased by 1.4% to $X. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -12.4% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Beet-Pulp And Bagasse Production in ASEAN

In value terms, beet-pulp and bagasse production expanded slightly to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Beet-Pulp And Bagasse Exports

Exports in ASEAN

In 2022, beet-pulp and bagasse exports in ASEAN contracted modestly to X tons, remaining relatively unchanged against 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 29% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, beet-pulp and bagasse exports reached $X in 2022. The total export value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 19%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand represented the largest exporter of beet-pulp and bagasse in ASEAN, with the volume of exports finishing at X tons, which was approx. 49% of total exports in 2022. It was distantly followed by Vietnam (X tons) and Indonesia (X tons), together generating a 51% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +43.9%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2022, together accounting for 100% of total exports.

Among the main exporting countries, Indonesia, with a CAGR of +42.4%, recorded the highest rates of growth with regard to 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, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2018 when the export price increased by 16% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.3%), while the other leaders experienced mixed trends in the export price figures.

Beet-Pulp And Bagasse Imports

Imports in ASEAN

Beet-pulp and bagasse imports declined to X tons in 2022, with a decrease of -7.3% against the previous year's figure. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 129%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, beet-pulp and bagasse imports expanded slightly to $X in 2022. Overall, imports, however, enjoyed notable growth. The pace of growth appeared the most rapid in 2018 when imports increased by 120%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Singapore (X tons) represented the main importer of beet-pulp and bagasse, generating 57% of total imports. It was distantly followed by Thailand (X tons), generating a 33% share of total imports. Cambodia (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cambodia (with a CAGR of +39.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest beet-pulp and bagasse importing markets in ASEAN were Thailand ($X), Singapore ($X) and the Philippines ($X), with a combined 93% share of total imports.

Singapore, with a CAGR of +26.2%, saw the highest growth rate of the value of imports, among the main importing countries 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 2022, with an increase of 12% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, beet-pulp and bagasse import price increased by +41.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by 48%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the 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 the Philippines ($X per ton), while Cambodia ($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 (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform