Southern Asia: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Southern Asia

After five years of growth, the South Asian glycosides and vegetable alkaloids market decreased by -13.6% to $X in 2021. The market value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then declined in the following year.

Production of Glycosides And Vegetable Alkaloids in Southern Asia

In value terms, glycosides and vegetable alkaloids production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 15%. The level of production peaked at $X in 2020, and then contracted in the following year.

Exports of Glycosides And Vegetable Alkaloids

Exports in Southern Asia

In 2021, overseas shipments of glycosides and vegetable alkaloids increased by 13% to X tons, rising for the sixth year in a row after two years of decline. Total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +93.0% against 2015 indices. The pace of growth was the most pronounced in 2017 when exports increased by 21% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, glycosides and vegetable alkaloids exports rose significantly to $X in 2021. The total export value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 24% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

India (X tons) represented roughly 100% of total exports in 2021.

India was also the fastest-growing in terms of the glycosides and vegetable alkaloids exports, with a CAGR of +3.8% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest glycosides and vegetable alkaloids supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India totaled +4.7%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 19% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +0.9% per year.

Imports of Glycosides And Vegetable Alkaloids

Imports in Southern Asia

In 2021, purchases abroad of glycosides and vegetable alkaloids decreased by -1.5% to X tons for the first time since 2015, thus ending a five-year rising trend. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 13% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then declined in the following year.

In value terms, glycosides and vegetable alkaloids imports reached $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 16% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

India represented the largest importer of glycosides and vegetable alkaloids in Southern Asia, with the volume of imports finishing at X tons, which was near 75% of total imports in 2021. It was distantly followed by Pakistan (X tons) and Bangladesh (X tons), together achieving a 24% share of total imports.

Imports into India increased at an average annual rate of +1.7% from 2012 to 2021. At the same time, Pakistan (+8.4%) and Bangladesh (+4.8%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +8.4% from 2012-2021. From 2012 to 2021, the share of Pakistan increased by +6.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported glycosides and vegetable alkaloids in Southern Asia, comprising 74% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 15% share of total imports.

In India, glycosides and vegetable alkaloids imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+7.1% per year) and Bangladesh (+8.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, growing by 7.1% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 10% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while Pakistan ($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 (+3.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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