Eastern Asia: Maltodextrine Market 2024

Maltodextrine Market Size in Eastern Asia

In 2021, the East Asian maltodextrine market decreased by -3.3% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then declined in the following year.

Maltodextrine Production in Eastern Asia

In value terms, maltodextrine production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 25% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Maltodextrine Exports

Exports in Eastern Asia

In 2021, shipments abroad of maltodextrine and maltodextine syrup decreased by -7.4% to X tons for the first time since 2015, thus ending a five-year rising trend. Total exports indicated a temperate increase from 2012 to 2021: its volume 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. The most prominent rate of growth was recorded in 2016 when exports increased by 16% against the previous year. The volume of export peaked at X tons in 2020, and then contracted in the following year.

In value terms, maltodextrine exports surged to $X in 2021. The total export value increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 20% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

China prevails in exports structure, amounting to X tons, which was near 89% of total exports in 2021. It was distantly followed by South Korea (X tons), committing an 8% share of total exports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +3.9% from 2012 to 2021. At the same time, South Korea (+14.1%) and Taiwan (Chinese) (+10.7%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +14.1% from 2012-2021. From 2012 to 2021, the share of South Korea increased by +4.4 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest maltodextrine supplier in Eastern Asia, comprising 81% of total exports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +5.6%. In the other countries, the average annual rates were as follows: South Korea (+5.2% per year) and Taiwan (Chinese) (+11.3% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, increasing by 26% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the other leaders experienced mixed trends in the export price figures.

Maltodextrine Imports

Imports in Eastern Asia

In 2021, purchases abroad of maltodextrine and maltodextine syrup decreased by -33.9% to X tons for the first time since 2015, thus ending a five-year rising trend. In general, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by 362% against the previous year. As a result, imports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, maltodextrine imports declined notably to $X in 2021. Over the period under review, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 170%. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

China dominates imports structure, resulting at X tons, which was near 86% of total imports in 2021. It was distantly followed by South Korea (X tons), committing an 8.2% share of total imports. The following importers - Japan (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) - each resulted at a 5.4% share of total imports.

China was also the fastest-growing in terms of the maltodextrine and maltodextine syrup imports, with a CAGR of +59.8% from 2012 to 2021. Taiwan (Chinese) experienced a relatively flat trend pattern. Hong Kong SAR (-2.5%), South Korea (-3.2%) and Japan (-5.7%) illustrated a downward trend over the same period. While the share of China (+80 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Taiwan (Chinese) (-6.4 p.p.), Hong Kong SAR (-9.2 p.p.), Japan (-15.9 p.p.) and South Korea (-47.6 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported maltodextrine and maltodextine syrup in Eastern Asia, comprising 73% of total imports. The second position in the ranking was held by South Korea ($X), with a 15% share of total imports. It was followed by Japan, with a 5.1% share.

In China, maltodextrine imports expanded at an average annual rate of +34.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-1.0% per year) and Japan (-5.3% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, surging by 25% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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) (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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