China: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in China

In 2021, after three years of growth, there was significant decline in the Chinese market for protein concentrates and flavoured or coloured sugar syrups, when its value decreased by -5% to $X. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in China

In value terms, production of protein concentrates and flavoured or coloured sugar syrups declined modestly to $X in 2021 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.7% against 2016 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 55%. As a result, production attained the peak level of $X. From 2017 to 2021, production of growth remained at a somewhat lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from China

In 2021, approx. X tons of protein concentrates and flavoured or coloured sugar syrups were exported from China; picking up by 3.7% against the previous year's figure. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +80.3% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 36%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons), the Netherlands (X tons) and the Philippines (X tons) were the main destinations of exports of protein concentrates and flavoured or coloured sugar syrups from China, together accounting for 53% of total exports. These countries were followed by Indonesia, South Korea, Vietnam, the UK, Japan, Australia, Thailand, Chile, Canada and Malaysia, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +55.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for protein concentrates and flavoured or coloured sugar syrups exports from China, comprising 33% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports. It was followed by the Philippines, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+39.5% per year) and the Philippines (+10.2% per year).

Export Prices by Country

In 2021, the average export price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, increasing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.8%. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into China

In 2021, imports of protein concentrates and flavoured or coloured sugar syrups into China soared to X tons, jumping by 75% compared with the previous year's figure. In general, imports posted significant growth. As a result, imports attained 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 surged to $X in 2021. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2018 when imports increased by 165%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

The United States (X tons), India (X tons) and Canada (X tons) were the main suppliers of imports of protein concentrates and flavoured or coloured sugar syrups to China, together comprising 77% of total imports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +192.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of protein concentrates and flavoured or coloured sugar syrups to China, comprising 49% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Australia, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +28.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+66.7% per year) and Australia (+60.7% per year).

Import Prices by Country

The average import price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, falling by -32.3% against the previous year. Over the period under review, the import price, however, posted a notable increase. The pace of growth was the most pronounced in 2018 an increase of 60% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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