Asia-Pacific: Lysine Market 2024

Lysine Market Size in Asia-Pacific

The Asia-Pacific lysine market rose modestly to $X in 2022, with an increase of 2.3% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Lysine Production in Asia-Pacific

In value terms, lysine production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 11%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Lysine Exports

Exports in Asia-Pacific

In 2022, exports of lysine and its esters, and salts thereof in Asia-Pacific stood at X tons, growing by 3.9% on 2021 figures. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 16% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, lysine exports skyrocketed to $X in 2022. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 44%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China represented the main exporting country with an export of about X tons, which reached 80% of total exports. Indonesia (X tons) ranks second in terms of the total exports with a 10% share, followed by South Korea (9.2%).

China was also the fastest-growing in terms of the lysine and its esters, and salts thereof exports, with a CAGR of +18.4% from 2012 to 2022. At the same time, South Korea (+1.3%) displayed positive paces of growth. By contrast, Indonesia (-5.3%) illustrated a downward trend over the same period. China (+47 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Indonesia saw its share reduced by -8.9% and -29.5% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest lysine supplier in Asia-Pacific, comprising 78% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China stood at +14.5%. In the other countries, the average annual rates were as follows: Indonesia (-6.5% per year) and South Korea (-1.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, jumping by 20% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 when the export price increased by 34% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-1.3%), while the other leaders experienced a decline in the export price figures.

Lysine Imports

Imports in Asia-Pacific

For the seventh year in a row, Asia-Pacific recorded growth in overseas purchases of lysine and its esters, and salts thereof, which increased by 2.8% to X tons in 2022. Overall, imports saw strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 22%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, lysine imports surged to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +59.7% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, India (X tons), South Korea (X tons), Vietnam (X tons), Thailand (X tons), the Philippines (X tons), Pakistan (X tons), Japan (X tons), Indonesia (X tons) and Australia (X tons) represented the major importer of lysine and its esters, and salts thereof in Asia-Pacific, generating 87% of total import.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +15.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported lysine and its esters, and salts thereof in Asia-Pacific, comprising 22% of total imports. The second position in the ranking was taken by Vietnam ($X), with an 11% share of total imports. It was followed by Thailand, with an 11% share.

In India, lysine imports expanded at an average annual rate of +8.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+3.3% per year) and Thailand (+8.3% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, rising by 13% against the previous year. Over the period under review, the import price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2021 an increase of 25% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 India ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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