South-Eastern Asia: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in South-Eastern Asia

In 2022, the Southeast Asian beet-pulp and bagasse market increased by 1.4% to $X for the first time since 2019, thus ending a two-year declining trend. The total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -12.4% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Beet-Pulp And Bagasse Production in South-Eastern Asia

In value terms, beet-pulp and bagasse production stood at $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 -1.5% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 40% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Beet-Pulp And Bagasse Exports

Exports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded decline in overseas shipments of beet-pulp and bagasse, which decreased by -1.3% to X tons in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 29%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, beet-pulp and bagasse exports stood at $X in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 19% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand represented the key exporting country with an export of around X tons, which finished at 49% of total exports. Vietnam (X tons) took a 31% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (20%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Indonesia (with a CAGR of +43.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X), Vietnam ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 100% of total exports.

In terms of the main exporting countries, Indonesia, with a CAGR of +42.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2018 when the export price increased by 16% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.3%), while the other leaders experienced mixed trends in the export price figures.

Beet-Pulp And Bagasse Imports

Imports in South-Eastern Asia

Beet-pulp and bagasse imports reduced to X tons in 2022, falling by -7.3% on the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 129%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, beet-pulp and bagasse imports expanded modestly to $X in 2022. In general, imports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2018 when imports increased by 120% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Singapore (X tons) was the main importer of beet-pulp and bagasse, committing 57% of total imports. It was distantly followed by Thailand (X tons), committing a 33% share of total imports. Cambodia (X tons) and the Philippines (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +39.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest beet-pulp and bagasse importing markets in South-Eastern Asia were Thailand ($X), Singapore ($X) and the Philippines ($X), with a combined 93% share of total imports.

Singapore, with a CAGR of +26.2%, recorded 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

In 2022, the import price in South-Eastern Asia amounted to $X per ton, picking up by 12% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, beet-pulp and bagasse import price increased by +41.1% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 48% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, 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 the Philippines ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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