Eastern Asia: Prepared Culture Media Market 2024

Prepared Culture Media Market Size in Eastern Asia

The East Asian prepared culture media market stood at $X in 2022, increasing by X% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Prepared Culture Media Production in Eastern Asia

In value terms, prepared culture media production stood at $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Prepared Culture Media Exports

Exports in Eastern Asia

In 2022, overseas shipments of prepared culture media for development of micro-organisms decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, prepared culture media exports declined notably to $X in 2022. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, China (X tons) represented the largest exporter of prepared culture media for development of micro-organisms, constituting X% of total exports. Japan (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (X%).

China was also the fastest-growing in terms of the prepared culture media for development of micro-organisms exports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. While the share of China (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.) displayed negative dynamics.

In value terms, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

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

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

Prepared Culture Media Imports

Imports in Eastern Asia

In 2022, after eight years of growth, there was significant decline in overseas purchases of prepared culture media for development of micro-organisms, when their volume decreased by X% to X tons. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, prepared culture media imports reduced slightly to $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X tons) represented the main importer of prepared culture media for development of micro-organisms, mixing up X% of total imports. It was distantly followed by Japan (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons), together committing a X% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the prepared culture media for development of micro-organisms imports, with a CAGR of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%), South Korea (X%), Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (X p.p.), Taiwan (Chinese) (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), South Korea ($X) and Japan ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, China, with a CAGR of X%, 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, with an increase of X% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared culture media import price increased by X% against 2019 indices. As a result, import 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 importing countries. In 2022, amid the top importers, 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 South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :