Eastern Asia: Lysine Market 2024

Lysine Market Size in Eastern Asia

The East Asian lysine market expanded to $X in 2022, growing by 1.6% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Lysine Production in Eastern Asia

In value terms, lysine production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 14% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Lysine Exports

Exports in Eastern Asia

Lysine exports reached X tons in 2022, increasing by 8.7% against the previous year. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 31%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, lysine exports skyrocketed to $X in 2022. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China represented the major exporting country with an export of around X tons, which reached 89% of total exports. It was distantly followed by South Korea (X tons), making up a 10% share of total exports.

China was also the fastest-growing in terms of the lysine and its esters, and salts thereof exports, with a CAGR of +18.4% from 2012 to 2022. At the same time, South Korea (+1.3%) displayed positive paces of growth. While the share of China (+25 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (-24.7 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest lysine supplier in Eastern Asia, comprising 89% of total exports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total exports.

In China, lysine exports increased at an average annual rate of +14.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, with an increase of 14% against the previous year. In general, the export price, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2021 an increase of 37%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-2.8%).

Lysine Imports

Imports in Eastern Asia

For the seventh consecutive year, Eastern Asia recorded growth in purchases abroad of lysine and its esters, and salts thereof, which increased by 13% to X tons in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +7.0% 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 +95.9% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 21%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, lysine imports expanded markedly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Korea was the major importing country with an import of around X tons, which recorded 61% of total imports. Japan (X tons) ranks second in terms of the total imports with a 30% share, followed by Taiwan (Chinese) (8.9%).

South Korea was also the fastest-growing in terms of the lysine and its esters, and salts thereof imports, with a CAGR of +13.4% from 2012 to 2022. At the same time, Taiwan (Chinese) (+5.4%) and Japan (+4.7%) displayed positive paces of growth. From 2012 to 2022, the share of South Korea increased by +27 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2022, together comprising 98% of total imports.

In terms of the main importing countries, South Korea, with a CAGR of +2.9%, 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 more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, which is down by -4.7% against the previous year. Over the period under review, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of 9.6% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-3.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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