China: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in China

The Chinese market for malt extract and food preparations of flour, meal, and starches amounted to $X in 2022, stabilizing at the previous year. In general, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in China

In value terms, production of malt extract and food preparations of flour, meal, and starches rose modestly to $X in 2022 estimated in export price. Overall, production showed strong growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 30%. Production of peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from China

Exports of malt extract and food preparations of flour, meal, and starches from China shrank to X tons in 2022, dropping by -5.3% on the previous year. In general, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 67%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches dropped to $X in 2022. Overall, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by 87%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

South Korea (X tons), Thailand (X tons) and the Philippines (X tons) were the main destinations of exports of malt extract and food preparations of flour, meal, and starches from China, with a combined 35% share of total exports. Indonesia, Malaysia, Chile, Vietnam, Australia, New Zealand, Singapore, Russia, the United Arab Emirates and the United States lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +74.8%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the key foreign market for malt extract and food preparations of flour, meal, and starches exports from China, comprising 24% of total exports. The second position in the ranking was held by Thailand ($X), with a 6.3% share of total exports. It was followed by Indonesia, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value to South Korea totaled +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+15.0% per year) and Indonesia (+40.6% per year).

Export Prices by Country

The average export price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, shrinking by -6.7% against the previous year. Overall, the export price, however, posted a resilient expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 37%. The export price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the Philippines ($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 South Korea (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into China

In 2022, after two years of growth, there was significant decline in purchases abroad of malt extract and food preparations of flour, meal, and starches, when their volume decreased by -15.8% to X tons. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 43% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches shrank modestly to $X in 2022. In general, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.4% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 34% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

New Zealand (X tons), the Netherlands (X tons) and Canada (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to China, together accounting for 50% of total imports. Malaysia, Australia, France, Singapore, Thailand, Vietnam, Denmark, Germany, South Korea and Ireland lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +98.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch suppliers to China were New Zealand ($X), the Netherlands ($X) and Australia ($X), together accounting for 65% of total imports. Canada, Singapore, Ireland, Denmark, France, Germany, Malaysia, South Korea, Thailand and Vietnam lagged somewhat behind, together comprising a further 31%.

Denmark, with a CAGR of +104.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, picking up by 13% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for malt extract and food preparations of flour, meal, and starches increased by +109.9% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 33% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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