Asia: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Asia

In 2021, after four years of growth, there was significant decline in the Asian glycosides and vegetable alkaloids market, when its value decreased by -14.6% to $X. Over the period under review, consumption saw a slight descent. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Production of Glycosides And Vegetable Alkaloids in Asia

In value terms, glycosides and vegetable alkaloids production shrank to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 27%. As a result, production attained the peak level of $X, and then reduced in the following year.

Exports of Glycosides And Vegetable Alkaloids

Exports in Asia

In 2021, overseas shipments of glycosides and vegetable alkaloids increased by 17% to X tons, rising for the fifth year in a row after two years of decline. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +60.5% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, glycosides and vegetable alkaloids exports surged to $X in 2021. The total export value increased at an average annual rate of +5.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) was the key exporter of glycosides and vegetable alkaloids, achieving 79% of total exports. It was distantly followed by India (X tons), committing a 12% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +6.2% from 2012 to 2021. At the same time, Malaysia (+7.0%) and India (+3.8%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +7.0% from 2012-2021. From 2012 to 2021, the share of India decreased by -2.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glycosides and vegetable alkaloids supplier in Asia, comprising 67% of total exports. The second position in the ranking was taken by India ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +7.8%. In the other countries, the average annual rates were as follows: India (+4.7% per year) and Malaysia (+4.9% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, approximately mirroring the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 5.2%. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Glycosides And Vegetable Alkaloids

Imports in Asia

In 2021, the amount of glycosides and vegetable alkaloids imported in Asia totaled X tons, picking up by 4.6% compared with 2020. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.6% against 2013 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 16% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, glycosides and vegetable alkaloids imports declined to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 15% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China represented the key importing country with an import of about X tons, which resulted at 33% of total imports. India (X tons) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (8.5%), Malaysia (8.4%), South Korea (5.5%), Japan (5.5%) and Indonesia (5.1%).

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +19.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and India ($X) were the countries with the highest levels of imports in 2021, together accounting for 49% of total imports. These countries were followed by South Korea, Malaysia, Indonesia and Singapore, which together accounted for a further 27%.

Malaysia, with a CAGR of +8.4%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 Asia stood at $X per ton in 2021, which is down by -5.3% against the previous year. Over the period under review, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2013 an increase of 5%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+6.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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