China: Brewing Dregs Market 2024

Brewing Dregs Market Size in China

The Chinese brewing dregs market fell to $X in 2022, which is down by -5.5% against the previous year. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.3% against 2020 indices. Brewing dregs consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Brewing Dregs Production in China

In value terms, brewing dregs production declined to $X in 2022 estimated in export price. In general, production, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 70%. Brewing dregs production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Brewing Dregs Exports

Exports from China

In 2022, after three years of growth, there was significant decline in shipments abroad of brewing or distilling dregs and waste, when their volume decreased by -67.2% to X tons. In general, exports showed a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 254%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, brewing dregs exports declined sharply to $X in 2022. Overall, exports saw a deep reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 256%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for brewing dregs exports from China, accounting for a 71% share of total exports. Moreover, brewing dregs exports to South Korea exceeded the volume sent to the second major destination, Japan (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to South Korea stood at -14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-1.1% per year) and the United States (-25.5% per year).

In value terms, South Korea ($X) emerged as the key foreign market for brewing or distilling dregs and waste exports from China, comprising 72% of total exports. The second position in the ranking was held by Japan ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value to South Korea stood at -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-3.0% per year) and the United States (-29.5% per year).

Export Prices by Country

The average brewing dregs export price stood at $X per ton in 2022, rising by 6.8% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brewing dregs export price increased by +35.3% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 46%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.

Brewing Dregs Imports

Imports into China

In 2022, after two years of growth, there was significant decline in purchases abroad of brewing or distilling dregs and waste, when their volume decreased by -61.4% to X tons. In general, imports saw a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 69% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, brewing dregs imports reduced remarkably to $X in 2022. Overall, imports faced a precipitous slump. The growth pace was the most rapid in 2021 with an increase of 129%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) was the main supplier of brewing dregs to China, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -25.9%.

In value terms, the United States ($X) constituted the largest supplier of brewing or distilling dregs and waste to China.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -25.8%.

Import Prices by Country

In 2022, the average brewing dregs import price amounted to $X per ton, growing by 3.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 41%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :