Asia: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Asia

The Asian market for malt extract and food preparations of flour, meal, and starches contracted slightly to $X in 2022, shrinking by -4.5% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Asia

In value terms, production of malt extract and food preparations of flour, meal, and starches amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 16%. Over the period under review, production of reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports in Asia

In 2022, approx. X tons of malt extract and food preparations of flour, meal, and starches were exported in Asia; flattening at 2021. The total export volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 13%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches totaled $X in 2022. The total export value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 15%. Over the period under review, the exports of reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia represented the main exporting country with an export of about X tons, which reached 42% of total exports. Singapore (X tons) ranks second in terms of the total exports with a 25% share, followed by Thailand (11%). The following exporters - India (X tons), South Korea (X tons), China (X tons), Vietnam (X tons) and Indonesia (X tons) - together made up 17% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by South Korea (with a CAGR of +16.9%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2022, with a combined 69% share of total exports. China, South Korea, India, Indonesia and Vietnam lagged somewhat behind, together accounting for a further 21%.

China, with a CAGR of +18.4%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price, however, continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2017 when the export price increased by 5.3%. The level of export peaked at $X per ton in 2014; however, from 2015 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 China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.7%), while the other leaders experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports in Asia

Imports of malt extract and food preparations of flour, meal, and starches reduced to X tons in 2022, waning by -9.5% compared with 2021. Total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 31% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then fell in the following year.

In value terms, imports of malt extract and food preparations of flour, meal, and starches contracted slightly to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.1% against 2016 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 22% against the previous year. The level of import peaked at $X in 2021, and then declined modestly in the following year.

Imports by Country

In 2022, Japan (X tons), Iraq (X tons), the United Arab Emirates (X tons), Malaysia (X tons), Yemen (X tons), the Philippines (X tons), Indonesia (X tons), China (X tons), Bangladesh (X tons), Thailand (X tons), Vietnam (X tons) and Myanmar (X tons) was the largest importer of malt extract and food preparations of flour, meal, and starches in Asia, generating 79% of total import. Afghanistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Yemen (with a CAGR of +53.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch importing markets in Asia were China ($X), the United Arab Emirates ($X) and Iraq ($X), together accounting for 38% of total imports. Japan, Malaysia, Thailand, Indonesia, the Philippines, Bangladesh, Yemen, Vietnam, Myanmar and Afghanistan lagged somewhat behind, together accounting for a further 45%.

Yemen, with a CAGR of +54.3%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Asia amounted to $X per ton, picking up by 5.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by 7.7%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Yemen ($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 (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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