Asia: Sugar Confectionery Paste Market 2020

Sugar Confectionery Paste Market Size in Asia

The revenue of the sugar confectionery paste market in Asia amounted to $X in 2017, declining by -X% against the previous year. The sugar confectionery paste consumption continues to indicate a slight descent. The pace of growth appeared the most rapid in 2015, when market value increased by X% y-o-y. Over the period under review, the sugar confectionery paste market attained its peak figure level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Sugar Confectionery Paste Production in Asia

In 2017, production of marzipan, fondant, nougat and almond pastes in Asia stood at X tons, approximately reflecting the previous year. The sugar confectionery paste production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013, when the output figure increased by X% year-to-year. The volume of sugar confectionery paste production peaked of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Sugar Confectionery Paste Exports in Asia

In 2017, the amount of marzipan, fondant, nougat and almond pastes exported in Asia totaled X tons, jumping by X% against the previous year. The total exports indicated a strong expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the sugar confectionery paste exports increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2013, when it surged by X% year-to-year. The volume of exports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, sugar confectionery paste exports amounted to $X in 2017. The total exports indicated a strong increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the sugar confectionery paste exports increased by +X% against 2014 indices. The level of exports peaked in 2017, and are likely to see steady growth in the near future.

Sugar Confectionery Paste Exports by Country in Asia

In 2017, China (X tons), distantly followed by Turkey (X tons), India (X tons), South Korea (X tons) and Thailand (X tons) represented the main exporters of marzipan, fondant, nougat and almond pastes, together committing X% of total exports. Indonesia (X tons), Malaysia (X tons), Kazakhstan (X tons), Japan (X tons), Pakistan (X tons), Vietnam (X tons) and China, Hong Kong SAR (X tons) occupied the slight share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Kazakhstan (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest sugar confectionery paste supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports. It was followed by Thailand, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China stood at +X%. In the other countries, the average annual rates were as follows: Turkey (+X% per year) and Thailand (+X% per year).

Sugar Confectionery Paste Export Prices by Country in Asia

In 2017, the sugar confectionery paste export price in Asia amounted to $X per ton, remaining constant against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011, when it surged by X% y-o-y. Over the period under review, the export prices for marzipan, fondant, nougat and almond pastes reached its maximum level of $X per ton in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was China, Hong Kong SAR ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Pakistan (+X% per year), while the other leaders experienced more modest paces of growth.

Sugar Confectionery Paste Imports in Asia

In 2017, sugar confectionery paste imports in Asia stood at X tons, lowering by -X% against the previous year. The total imports indicated a strong growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the sugar confectionery paste imports increased by +X% against 2007 indices. The growth pace was the most rapid in 2010, with an increase of X% against the previous year. The volume of imports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, sugar confectionery paste imports amounted to $X in 2017. The total imports indicated a remarkable growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the sugar confectionery paste imports increased by +X% against 2007 indices. The level of imports peaked in 2017, and are expected to retain its growth in the immediate term.

Sugar Confectionery Paste Imports by Country in Asia

The countries with the highest levels of sugar confectionery paste imports in 2017 were the Philippines (X tons), China (X tons), South Korea (X tons), Kazakhstan (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons), Indonesia (X tons), China, Hong Kong SAR (X tons), Iraq (X tons), Azerbaijan (X tons), Malaysia (X tons) and Japan (X tons), together resulting at X% of total import.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and China, Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

Among the main importing countries , China (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Sugar Confectionery Paste Import Prices by Country in Asia

The sugar confectionery paste import price in Asia stood at $X per ton in 2017, picking up by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008, when the import prices increased by X% y-o-y. Over the period under review, the import prices for marzipan, fondant, nougat and almond pastes attained its peak figure level in 2017, and is expected to retain its growth in the immediate term.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was China, Hong Kong SAR ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China, Hong Kong SAR (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform