Eastern Asia: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Eastern Asia

The East Asian glycosides and vegetable alkaloids market dropped markedly to $X in 2021, which is down by -15.6% against the previous year. Overall, consumption recorded a perceptible downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Glycosides And Vegetable Alkaloids in Eastern Asia

In value terms, glycosides and vegetable alkaloids production contracted to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 14%. As a result, production attained the peak level of $X, and then shrank in the following year.

Exports of Glycosides And Vegetable Alkaloids

Exports in Eastern Asia

In 2021, shipments abroad of glycosides and vegetable alkaloids increased by 16% to X tons, rising for the fifth consecutive year after two years of decline. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.2% 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 +61.4% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 21% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, glycosides and vegetable alkaloids exports skyrocketed to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +60.7% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from China (X tons), together amounting to 98% of total export.

China was also the fastest-growing in terms of the glycosides and vegetable alkaloids exports, with a CAGR of +6.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest glycosides and vegetable alkaloids supplier in Eastern Asia.

In China, glycosides and vegetable alkaloids exports expanded at an average annual rate of +7.8% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, increasing by 3.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 an increase of 5.7% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +1.5% per year.

Imports of Glycosides And Vegetable Alkaloids

Imports in Eastern Asia

In 2021, imports of glycosides and vegetable alkaloids in Eastern Asia amounted to X tons, picking up by 5% on 2020 figures. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, glycosides and vegetable alkaloids imports fell modestly to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 19% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the major importer of glycosides and vegetable alkaloids, creating 72% of total imports. It was distantly followed by South Korea (X tons) and Japan (X tons), together generating a 24% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the glycosides and vegetable alkaloids imports, with a CAGR of +19.9% from 2012 to 2021. At the same time, South Korea (+4.3%) displayed positive paces of growth. By contrast, Japan (-1.6%) and Taiwan (Chinese) (-2.5%) illustrated a downward trend over the same period. China (+38 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), South Korea and Japan saw its share reduced by -6.4%, -8.2% and -21.9% from 2012 to 2021, respectively.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 93% of total imports.

In terms of the main importing countries, South Korea, with a CAGR of +3.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, which is down by -6.6% against the previous year. In general, the import price recorded a abrupt slump. The growth pace was the most rapid in 2013 when the import price increased by 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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