Eastern Asia: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2025

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Eastern Asia

The East Asian market for protein concentrates and flavoured or coloured sugar syrups dropped to $X in 2021, with a decrease of -3.7% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted slightly in the following year.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Eastern Asia

In value terms, production of protein concentrates and flavoured or coloured sugar syrups shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 20%. Over the period under review, production of reached the maximum level at $X in 2020, and then dropped modestly in the following year.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports in Eastern Asia

In 2021, approx. X tons of protein concentrates and flavoured or coloured sugar syrups were exported in Eastern Asia; with an increase of 2.5% compared with 2020 figures. Total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% 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 +74.2% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 30%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. Over the period under review, exports saw a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by 39%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

China prevails in syrups structure, reaching X tons, which was near 94% of total exports in 2021. South Korea (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the protein concentrates and flavoured or coloured sugar syrups exports, with a CAGR of +5.3% from 2012 to 2021. At the same time, South Korea (+4.5%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-6.6%) illustrated a downward trend over the same period. China (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by -3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest protein concentrate and flavoured or coloured sugar syrup supplier in Eastern Asia, comprising 92% of total exports. The second position in the ranking was held by South Korea ($X), with a 3.4% share of total exports.

In China, exports of protein concentrates and flavoured or coloured sugar syrups increased at an average annual rate of +10.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+8.9% per year) and Taiwan (Chinese) (-3.9% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, picking up by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2013 when the export price increased by 18%. The level of export peaked in 2021 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 Taiwan (Chinese) ($X per ton), while South Korea ($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 (+4.8%), while the other leaders experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports in Eastern Asia

For the fifth year in a row, Eastern Asia recorded growth in purchases abroad of protein concentrates and flavoured or coloured sugar syrups, which increased by 23% to X tons in 2021. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.4% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 27% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea was the key importing country with an import of about X tons, which accounted for 62% of total imports. Japan (X tons) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (10%) and China (6.2%). Hong Kong SAR (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to protein concentrate and flavoured or coloured sugar syrup imports into South Korea stood at +9.4%. At the same time, China (+23.6%) and Japan (+3.8%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +23.6% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-1.8%) illustrated a downward trend over the same period. South Korea (+13 p.p.) and China (+4.6 p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR, Japan and Taiwan (Chinese) saw its share reduced by -3%, -5.4% and -8.2% from 2012 to 2021, respectively.

In value terms, the largest protein concentrate and flavoured or coloured sugar syrup importing markets in Eastern Asia were South Korea ($X), Japan ($X) and Taiwan (Chinese) ($X), together accounting for 80% of total imports. China and Hong Kong SAR lagged somewhat behind, together comprising a further 20%.

China, with a CAGR of +28.5%, saw the highest growth rate of the value of imports, among the main importing countries 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 2021, increasing by 2.7% against the previous year. Over the period under review, the import price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by 12%. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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