Asia-Pacific: Prepared Drier Market 2024

Prepared Drier Market Size in Asia-Pacific

The Asia-Pacific prepared drier market shrank modestly to $X in 2022, approximately reflecting the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Prepared Drier Production in Asia-Pacific

In value terms, prepared drier production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Prepared Drier Exports

Exports in Asia-Pacific

In 2022, overseas shipments of prepared driers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2021, and then reduced in the following year.

In value terms, prepared drier exports expanded markedly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The biggest shipments were from China (X tons), India (X tons) and Thailand (X tons), together accounting for X% of total export. It was distantly followed by Malaysia (X tons), mixing up a X% share of total exports. South Korea (X tons) and Taiwan (Chinese) (X tons) held a minor share of total exports.

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

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

Among the main exporting countries, South Korea, with a CAGR of X%, saw the highest growth rate of the value of exports, 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-Pacific stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Prepared Drier Imports

Imports in Asia-Pacific

In 2022, prepared drier imports in Asia-Pacific dropped to X tons, declining by X% against the year before. Over the period under review, imports showed a slight shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, prepared drier imports shrank to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

China (X tons) and Indonesia (X tons) represented roughly X% of total imports in 2022. Bangladesh (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%), Malaysia (X%) and India (X%). Taiwan (Chinese) (X tons), the Philippines (X tons), Pakistan (X tons), Thailand (X tons), Nepal (X tons), Hong Kong SAR (X tons) and Singapore (X tons) followed a long way behind the leaders.

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

In value terms, China ($X) constitutes the largest market for imported prepared driers in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and India (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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