Asia-Pacific: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Asia-Pacific

The Asia-Pacific market for protein concentrates and flavoured or coloured sugar syrups expanded modestly to $X in 2021, growing by 1.9% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Asia-Pacific

In value terms, production of protein concentrates and flavoured or coloured sugar syrups amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 20%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports in Asia-Pacific

In 2021, exports of protein concentrates and flavoured or coloured sugar syrups in Asia-Pacific declined to X tons, with a decrease of -1.8% on 2020. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +57.4% against 2015 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 28% against the previous year. As a result, the exports attained the peak of X tons, and then declined modestly in the following year.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups expanded remarkably to $X in 2021. In general, exports, however, showed a strong increase. The growth pace was the most rapid in 2018 when exports increased by 34% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

In 2021, China (X tons) was the key exporter of protein concentrates and flavoured or coloured sugar syrups, committing 78% of total exports. It was distantly followed by India (X tons), making up an 11% share of total exports. South Korea (X tons), Singapore (X tons) and Australia (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +5.3% from 2012 to 2021. At the same time, Singapore (+10.0%), Australia (+9.9%), India (+7.3%) and South Korea (+4.5%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +10.0% from 2012-2021. While the share of China (+2.2 p.p.) and India (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest protein concentrate and flavoured or coloured sugar syrup supplier in Asia-Pacific, comprising 72% of total exports. The second position in the ranking was held by Singapore ($X), with a 7.4% share of total exports. It was followed by India, with a 6.2% share.

In China, exports of protein concentrates and flavoured or coloured sugar syrups increased at an average annual rate of +10.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+24.6% per year) and India (+9.3% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, rising by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +4.6%. The pace of growth appeared the most rapid in 2013 when the export price increased by 14% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+13.3%), while the other leaders experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports in Asia-Pacific

Imports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to X tons in 2021, jumping by 18% compared with the year before. The total import volume increased at an average annual rate of +5.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Philippines (X tons), South Korea (X tons) and Indonesia (X tons) was the major importer of protein concentrates and flavoured or coloured sugar syrups in Asia-Pacific, achieving 57% of total import. It was distantly followed by Australia (X tons), Malaysia (X tons), Vietnam (X tons) and Japan (X tons), together comprising a 25% share of total imports. The following importers - Taiwan (Chinese) (X tons) and India (X tons) - each finished at a 6.1% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +12.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), South Korea ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2021, together comprising 35% of total imports. These countries were followed by the Philippines, Malaysia, Vietnam, India, Japan and Taiwan (Chinese), which together accounted for a further 47%.

Malaysia, with a CAGR of +12.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 2021, with an increase of 8.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+10.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :