South-Eastern Asia: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in South-Eastern Asia

In 2021, the Southeast Asian glycosides and vegetable alkaloids market increased by 5.7% to $X, rising for the fifth consecutive year after two years of decline. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Production of Glycosides And Vegetable Alkaloids in South-Eastern Asia

In value terms, glycosides and vegetable alkaloids production dropped to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2017 with an increase of 57%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Glycosides And Vegetable Alkaloids

Exports in South-Eastern Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of glycosides and vegetable alkaloids, when their volume increased by 47% to X tons. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, glycosides and vegetable alkaloids exports expanded remarkably to $X in 2021. Total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.2% 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 decreased by -31.7% against 2018 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 37% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Malaysia (X tons) was the largest exporter of glycosides and vegetable alkaloids, committing 55% of total exports. Vietnam (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (10%), Singapore (9.1%) and Indonesia (6.2%).

From 2012 to 2021, average annual rates of growth with regard to glycosides and vegetable alkaloids exports from Malaysia stood at +7.0%. At the same time, Thailand (+63.1%), Vietnam (+25.7%) and Singapore (+10.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +63.1% from 2012-2021. By contrast, Indonesia (-3.9%) illustrated a downward trend over the same period. Vietnam (+14 p.p.) and Thailand (+9.9 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Indonesia saw its share reduced by -10.4% and -13.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest glycosides and vegetable alkaloids supplier in South-Eastern Asia, comprising 64% of total exports. The second position in the ranking was held by Thailand ($X), with an 11% share of total exports. It was followed by Singapore, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Malaysia totaled +4.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+76.8% per year) and Singapore (-8.2% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, which is down by -23.7% against the previous year. Overall, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 an increase of 14% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the export prices remained at a lower figure.

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 Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+8.4%), while the other leaders experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports in South-Eastern Asia

Glycosides and vegetable alkaloids imports rose notably to X tons in 2021, increasing by 9.8% on the previous year. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.1% 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 +101.3% against 2012 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 26%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, glycosides and vegetable alkaloids imports expanded notably to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% 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 decreased by -5.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 20%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Singapore (X tons) and Malaysia (X tons) represented roughly 58% of total imports in 2021. Indonesia (X tons) ranks next in terms of the total imports with an 18% share, followed by Vietnam (11%) and Thailand (11%). The Philippines (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Singapore (with a CAGR of +14.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 74% share of total imports.

Malaysia, with a CAGR of +8.4%, recorded the highest rates of growth with regard to 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 South-Eastern Asia stood at $X per ton in 2021, dropping by -2.5% against the previous year. Over the period under review, the import price saw a slight setback. The pace of growth was the most pronounced in 2015 when the import price increased by 24%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a 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 Indonesia ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :