Asia: Prepared Culture Media Market 2024

Prepared Culture Media Market Size in Asia

The Asian prepared culture media market stood at $X in 2022, increasing by X% against the previous year. Over the period under review, consumption posted buoyant growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Prepared Culture Media Production in Asia

In value terms, prepared culture media production expanded to $X in 2022 estimated in export price. Overall, production showed prominent growth. The growth pace was the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Prepared Culture Media Exports

Exports in Asia

In 2022, shipments abroad of prepared culture media for development of micro-organisms decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, prepared culture media exports dropped to $X in 2022. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China was the largest exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Thailand (X tons), Japan (X tons), South Korea (X tons), Singapore (X tons) and India (X tons), together constituting a X% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Singapore (X%), Thailand (X%), South Korea (X%), Japan (X%), India (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of China, Thailand, Singapore and South Korea increased by X, X, X and X percentage points, respectively.

In value terms, Singapore ($X) remains the largest prepared culture media supplier in Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with an X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Singapore stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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

Prepared Culture Media Imports

Imports in Asia

In 2022, overseas purchases of prepared culture media for development of micro-organisms decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced markedly in the following year.

In value terms, prepared culture media imports reduced to $X in 2022. Overall, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

China was the main importing country with an import of around X tons, which accounted for X% of total imports. Japan (X tons) ranks second in terms of the total imports with a X% share, followed by South Korea (X%), India (X%), Taiwan (Chinese) (X%), Singapore (X%) and Turkey (X%). Malaysia (X tons), Thailand (X tons), Indonesia (X tons), Saudi Arabia (X tons), the Philippines (X tons) and Hong Kong SAR (X tons) held a minor share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Saudi Arabia (X%), Indonesia (X%), the Philippines (X%), India (X%), Singapore (X%), Hong Kong SAR (X%), Thailand (X%), Malaysia (X%), South Korea (X%), Taiwan (Chinese) (X%), Japan (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. While the share of China (X p.p.), Saudi Arabia (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.), South Korea (X p.p.), Taiwan (Chinese) (X p.p.), Turkey (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), South Korea ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

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

In 2022, the import price in Asia amounted to $X per ton, picking up by X% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared culture media import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox Platform

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