Asia-Pacific: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Asia-Pacific

In 2021, the Asia-Pacific glycosides and vegetable alkaloids market decreased by -12.6% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a mild contraction. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Production of Glycosides And Vegetable Alkaloids in Asia-Pacific

In value terms, glycosides and vegetable alkaloids production dropped to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 14% against the previous year. As a result, production attained the peak level of $X, and then fell in the following year.

Exports of Glycosides And Vegetable Alkaloids

Exports in Asia-Pacific

In 2021, shipments abroad of glycosides and vegetable alkaloids increased by 18% to X tons, rising for the fifth consecutive year after two years of decline. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +61.7% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, glycosides and vegetable alkaloids exports skyrocketed to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +45.4% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporter of glycosides and vegetable alkaloids in Asia-Pacific, with the volume of exports reaching X tons, which was approx. 79% of total exports in 2021. It was distantly followed by India (X tons), creating a 12% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to glycosides and vegetable alkaloids exports from China stood at +6.2%. 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-Pacific, with a CAGR of +7.0% from 2012-2021. While the share of India (-2.6 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glycosides and vegetable alkaloids supplier in Asia-Pacific, comprising 68% of total exports. The second position in the ranking was taken by India ($X), with an 18% share of total exports.

In China, glycosides and vegetable alkaloids exports increased at an average annual rate of +7.8% over the period from 2012-2021. 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

The export price in Asia-Pacific stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 6.1% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, 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 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-Pacific

In 2021, approx. X tons of glycosides and vegetable alkaloids were imported in Asia-Pacific; with an increase of 4.5% against 2020 figures. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +103.8% against 2013 indices. The growth pace was the most rapid in 2014 when imports increased by 17%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, glycosides and vegetable alkaloids imports totaled $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 17%. 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 largest importing country with an import of around X tons, which amounted to 34% of total imports. It was distantly followed by India (X tons), Singapore (X tons), Malaysia (X tons), South Korea (X tons), Japan (X tons) and Indonesia (X tons), together achieving a 51% share of total imports.

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) appeared to be the countries with the highest levels of imports in 2021, together comprising 52% of total imports. South Korea, Malaysia, Indonesia and Singapore lagged somewhat behind, together accounting for a further 28%.

In terms of the main importing countries, Malaysia, with a CAGR of +8.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, with a decrease of -3.1% against the previous year. In general, the import price saw a deep setback. The most prominent rate of growth was recorded in 2013 when the import price increased by 9.6% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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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