Asia: Prepared Drier Market 2024

Prepared Drier Market Size in Asia

The Asian prepared drier market amounted to $X in 2022, stabilizing at the previous year. The total consumption indicated a temperate expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Prepared Drier Production in Asia

In value terms, prepared drier production fell modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed temperate growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Prepared Drier Exports

Exports in Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of prepared driers, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 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 rapidly to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, China (X tons), India (X tons), Turkey (X tons), the United Arab Emirates (X tons) and Thailand (X tons) was the major exporter of prepared driers in Asia, creating X% of total export. The following exporters - Malaysia (X tons) and South Korea (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by South Korea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest prepared drier supplying countries in Asia were China ($X), Thailand ($X) and Turkey ($X), with a combined X% share of total exports. India, the United Arab Emirates, Malaysia and South Korea lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the export price in Asia amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 Turkey (X%), while the other leaders experienced more modest paces of growth.

Prepared Drier Imports

Imports in Asia

In 2022, after two years of growth, there was significant decline in supplies from abroad of prepared driers, when their volume decreased by X% to X tons. In general, imports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, prepared drier imports fell notably to $X in 2022. Overall, imports saw a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

China (X tons) and Indonesia (X tons) represented the major importers of prepared driers in 2022, accounting for near X% and X% of total imports, respectively. Bangladesh (X tons) held the next position in the ranking, followed by Vietnam (X tons), Malaysia (X tons) and Iraq (X tons). All these countries together took approx. X% share of total imports. The following importers - India (X tons), Taiwan (Chinese) (X tons), the United Arab Emirates (X tons), the Philippines (X tons), Turkey (X tons), Pakistan (X tons) and Thailand (X tons) - together made up X% 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 India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

In China, prepared drier imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and India (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 ($X per ton), while Bangladesh ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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