Southern Asia: Lysine Market 2024

Lysine Market Size in Southern Asia

The South Asian lysine market rose to $X in 2022, picking up by 2.4% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +68.2% against 2012 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Lysine Production in Southern Asia

In value terms, lysine production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 12%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Lysine Exports

Exports in Southern Asia

In 2022, the amount of lysine and its esters, and salts thereof exported in Southern Asia fell to X tons, waning by -14.3% on 2021. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 177% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, lysine exports fell notably to $X in 2022. Over the period under review, exports, however, recorded moderate growth. The pace of growth appeared the most rapid in 2015 when exports increased by 155%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

India dominates exports structure, accounting for X tons, which was approx. 97% of total exports in 2022. Pakistan (X tons) followed a long way behind the leaders.

Exports from India increased at an average annual rate of +11.0% from 2012 to 2022. At the same time, Pakistan (+15.2%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +15.2% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest lysine supplier in Southern Asia, comprising 99% of total exports. The second position in the ranking was held by Pakistan ($X), with a 0.5% share of total exports.

In India, lysine exports expanded at an average annual rate of +4.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, waning by -13.4% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth was the most pronounced in 2015 an increase of 90%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-5.9%).

Lysine Imports

Imports in Southern Asia

For the seventh year in a row, Southern Asia recorded growth in supplies from abroad of lysine and its esters, and salts thereof, which increased by 3.8% to X tons in 2022. Over the period under review, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 45%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, lysine imports skyrocketed to $X in 2022. In general, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 87% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, India (X tons) represented the major importer of lysine and its esters, and salts thereof, comprising 58% of total imports. It was distantly followed by Pakistan (X tons), Bangladesh (X tons) and Sri Lanka (X tons), together creating a 40% share of total imports. Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to lysine imports into India stood at +13.1%. At the same time, Bangladesh (+15.1%), Sri Lanka (+12.2%), Nepal (+9.0%) and Pakistan (+7.3%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +15.1% from 2012-2022. From 2012 to 2022, the share of India and Bangladesh increased by +8.6 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported lysine and its esters, and salts thereof in Southern Asia, comprising 64% of total imports. The second position in the ranking was held by Pakistan ($X), with a 20% share of total imports. It was followed by Sri Lanka, with an 8.5% share.

In India, lysine imports increased at an average annual rate of +8.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+5.1% per year) and Sri Lanka (+9.7% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, jumping by 21% against the previous year. Overall, the import price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in India ($X per ton) and Sri Lanka ($X per ton), while Bangladesh ($X per ton) and Nepal ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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