Eastern Asia: Brewing Dregs Market 2024

Brewing Dregs Market Size in Eastern Asia

The East Asian brewing dregs market dropped to $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of +4.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Brewing Dregs Production in Eastern Asia

In value terms, brewing dregs production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate strong growth. The growth pace was the most rapid in 2017 when the production volume increased by 40%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Brewing Dregs Exports

Exports in Eastern Asia

In 2022, exports of brewing or distilling dregs and waste in Eastern Asia reduced markedly to X tons, with a decrease of -46.3% against 2021. In general, exports recorded a abrupt decline. The growth pace was the most rapid in 2017 when exports increased by 224%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, brewing dregs exports fell sharply to $X in 2022. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by 288%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) and South Korea (X tons) dominates exports structure, together constituting 96% of total exports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by South Korea (with a CAGR of +74.9%), while the other leaders experienced a decline in the exports figures.

In value terms, China ($X), South Korea ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 97% share of total exports.

In terms of the main exporting countries, South Korea, with a CAGR of +66.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, increasing by 12% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 +100.7% against 2015 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 21% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.4%), while the other leaders experienced mixed trends in the export price figures.

Brewing Dregs Imports

Imports in Eastern Asia

Brewing dregs imports contracted to X tons in 2022, almost unchanged from the previous year. In general, imports saw a deep setback. The pace of growth appeared the most rapid in 2013 when imports increased by 45%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, brewing dregs imports expanded markedly to $X in 2022. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 55%. 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

South Korea represented the key importer of brewing or distilling dregs and waste in Eastern Asia, with the volume of imports recording X tons, which was approx. 59% of total imports in 2022. Japan (X tons) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons) and China (X tons). All these countries together took near 41% share of total imports.

South Korea was also the fastest-growing in terms of the brewing or distilling dregs and waste imports, with a CAGR of +8.8% from 2012 to 2022. Japan and Taiwan (Chinese) experienced a relatively flat trend pattern. China (-25.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, Japan and Taiwan (Chinese) increased by +45, +11 and +4.2 percentage points, respectively.

In value terms, South Korea ($X) constitutes the largest market for imported brewing or distilling dregs and waste in Eastern Asia, comprising 59% of total imports. The second position in the ranking was held by Japan ($X), with a 28% share of total imports. It was followed by Taiwan (Chinese), with an 8.2% share.

In South Korea, brewing dregs imports expanded at an average annual rate of +9.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+1.4% per year) and Taiwan (Chinese) (-2.8% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, increasing by 11% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 33% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Japan ($X per ton) and South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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