Asia-Pacific: 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-Pacific

In 2022, the Asia-Pacific market for malt extract and food preparations of flour, meal, and starches decreased by -3% to $X, falling for the third year in a row after three years of growth. The market value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market reached the peak level 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-Pacific

In value terms, production of malt extract and food preparations of flour, meal, and starches totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 14%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports in Asia-Pacific

In 2022, after two years of decline, there was growth in overseas shipments of malt extract and food preparations of flour, meal, and starches, when their volume increased by 2.5% to X tons. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 11%. As a result, the exports attained the peak of X tons; afterwards, it flattened through to 2022.

In value terms, exports of malt extract and food preparations of flour, meal, and starches totaled $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 13%. Over the period under review, the exports of attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Malaysia (X tons) represented the main exporter of malt extract and food preparations of flour, meal, and starches, generating 38% of total exports. It was distantly followed by Singapore (X tons), Thailand (X tons) and New Zealand (X tons), together creating a 40% share of total exports. India (X tons), South Korea (X tons), Australia (X tons), China (X tons), Vietnam (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +16.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and New Zealand ($X) were the countries with the highest levels of exports in 2022, together accounting for 60% of total exports. Thailand, Australia, China, South Korea, India, Indonesia and Vietnam lagged somewhat behind, together comprising a further 35%.

China, with a CAGR of +18.4%, saw the highest rates of growth with regard to 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

In 2022, the export price in Asia-Pacific amounted to $X per ton, leveling off at the previous year. Overall, the export price, however, saw a slight shrinkage. The growth pace was the most rapid in 2017 an increase of 6.1%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Malaysia ($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-Pacific

In 2022, supplies from abroad of malt extract and food preparations of flour, meal, and starches decreased by -9.2% to X tons, falling for the second consecutive year after five years of growth. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 11% against the previous year. Over the period under review, imports of hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches contracted slightly to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 9.2% against the previous year. The level of import peaked at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, Japan (X tons), distantly followed by Malaysia (X tons), the Philippines (X tons), Indonesia (X tons), China (X tons), Bangladesh (X tons), Thailand (X tons) and Vietnam (X tons) represented the major importers of malt extract and food preparations of flour, meal, and starches, together generating 73% of total imports. The following importers - Myanmar (X tons), Afghanistan (X tons), Australia (X tons), South Korea (X tons) and Sri Lanka (X tons) - together made up 17% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Afghanistan (with a CAGR of +20.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, together comprising 46% of total imports. Thailand, Indonesia, the Philippines, Bangladesh, Vietnam, Australia, South Korea, Myanmar, Afghanistan and Sri Lanka lagged somewhat behind, together comprising a further 43%.

In terms of the main importing countries, Bangladesh, with a CAGR of +18.6%, recorded 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

The import price in Asia-Pacific stood at $X per ton in 2022, increasing by 6.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 8% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 China ($X per ton), while Afghanistan ($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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