Southern Asia: Fructose Market 2024

Fructose Market Size in Southern Asia

The South Asian fructose market reduced to $X in 2021, shrinking by -2.6% against the previous year. Over the period under review, consumption, however, recorded a mild slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Fructose Production in Southern Asia

In value terms, fructose production shrank slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 26%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Fructose Exports

Exports in Southern Asia

In 2021, exports of fructose and fructose syrup in Southern Asia skyrocketed to X tons, with an increase of 63% against the year before. Overall, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 67% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, fructose exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 65% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

India was the major exporting country with an export of about X tons, which recorded 85% of total exports. It was distantly followed by Pakistan (X tons), achieving a 12% share of total exports. Sri Lanka (X tons) followed a long way behind the leaders.

Exports from India increased at an average annual rate of +19.3% from 2012 to 2021. At the same time, Pakistan (+33.6%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +33.6% from 2012-2021. Sri Lanka experienced a relatively flat trend pattern. From 2012 to 2021, the share of Pakistan increased by +7.5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest fructose supplier in Southern Asia, comprising 69% of total exports. The second position in the ranking was held by Pakistan ($X), with a 20% share of total exports.

In India, fructose exports increased at an average annual rate of +19.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Pakistan (+36.6% per year) and Sri Lanka (+8.9% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, reducing by -13.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 27%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat 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 Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+8.2%), while the other leaders experienced more modest paces of growth.

Fructose Imports

Imports in Southern Asia

In 2021, supplies from abroad of fructose and fructose syrup increased by 16% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2014 when imports increased by 103% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, fructose imports soared to $X in 2021. Overall, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 84%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of fructose imports in 2021 were India (X tons), Pakistan (X tons) and Sri Lanka (X tons), together reaching 82% of total import. It was distantly followed by Bangladesh (X tons), creating a 14% share of total imports. Nepal (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh (with a CAGR of +15.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Bangladesh ($X) and Pakistan ($X) were the countries with the highest levels of imports in 2021, together accounting for 78% of total imports.

Among the main importing countries, Bangladesh, with a CAGR of +29.5%, recorded the highest growth rate of 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

In 2021, the import price in Southern Asia amounted to $X per ton, picking up by 10% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by 37% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2019; afterwards, it flattened through to 2021.

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 Bangladesh ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+12.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :