Overview of the Global Market for Glycosides And Vegetable Alkaloids

Market Size for Glycosides And Vegetable Alkaloids

In 2021, after two years of growth, there was significant decline in the global glycosides and vegetable alkaloids market, when its value decreased by -5.4% to $X. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Glycosides And Vegetable Alkaloids

In value terms, glycosides and vegetable alkaloids production declined sharply to $X in 2021 estimated in export price. Over the period under review, production recorded a mild reduction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 19% against the previous year. As a result, production reached the peak level of $X, and then fell significantly in the following year.

Exports of Glycosides And Vegetable Alkaloids

Exports

In 2021, global glycosides and vegetable alkaloids exports expanded markedly to X tons, with an increase of 8.8% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 12%. Over the period under review, the global exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, glycosides and vegetable alkaloids exports surged to $X in 2021. The total export value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 17% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the global exports failed to regain momentum.

Exports by Country

China was the largest exporter of glycosides and vegetable alkaloids in the world, with the volume of exports reaching X tons, which was approx. 51% of total exports in 2021. Germany (X tons) took the second position in the ranking, followed by India (X tons) and the United States (X tons). All these countries together took near 25% share of total exports. Spain (X tons), Malaysia (X tons), the Netherlands (X tons), France (X tons) and Italy (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +6.2% from 2012 to 2021. At the same time, the Netherlands (+24.1%), France (+8.6%), the United States (+7.8%), Malaysia (+7.0%), India (+3.8%), Italy (+3.1%) and Germany (+2.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +24.1% from 2012-2021. By contrast, Spain (-7.7%) illustrated a downward trend over the same period. While the share of China (+7.6 p.p.) and the Netherlands (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Germany (-2 p.p.) and Spain (-6.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glycosides and vegetable alkaloids supplier worldwide, comprising 32% of global exports. The second position in the ranking was taken by Germany ($X), with a 9.8% share of global exports. It was followed by India, with an 8.5% share.

In China, glycosides and vegetable alkaloids exports expanded at an average annual rate of +7.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-9.9% per year) and India (+4.7% per year).

Export Prices by Country

In 2021, the average glycosides and vegetable alkaloids export price amounted to $X per ton, with an increase of 6.2% against the previous year. Overall, the export price, however, showed a pronounced contraction. The global export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.8%), while the other global leaders experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports

Global glycosides and vegetable alkaloids imports expanded remarkably to X tons in 2021, increasing by 6.4% on the year before. The total import volume increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2015 when imports increased by 11%. Global imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, glycosides and vegetable alkaloids imports amounted to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons), distantly followed by China (X tons), Germany (X tons), France (X tons) and India (X tons) were the main importers of glycosides and vegetable alkaloids, together generating 48% of total imports. Ireland (X tons), Italy (X tons), Austria (X tons), the UK (X tons), the Netherlands (X tons), Spain (X tons), Brazil (X tons) and Singapore (X tons) held a minor share of total imports.

Imports into the United States increased at an average annual rate of +4.6% from 2012 to 2021. At the same time, China (+19.9%), Germany (+14.3%), Singapore (+14.3%), Austria (+13.4%), the UK (+6.3%), Spain (+5.2%), France (+4.1%), Italy (+3.4%), the Netherlands (+2.6%) and India (+1.7%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +19.9% from 2012-2021. By contrast, Brazil (-1.7%) and Ireland (-3.3%) illustrated a downward trend over the same period. China (+7.3 p.p.), Germany (+4.8 p.p.), the United States (+3.5 p.p.), Austria (+1.9 p.p.) and Singapore (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while Ireland saw its share reduced by -2.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported glycosides and vegetable alkaloids worldwide, comprising 24% of global imports. The second position in the ranking was held by Germany ($X), with a 6.4% share of global imports. It was followed by France, with a 4.4% share.

In the United States, glycosides and vegetable alkaloids imports expanded at an average annual rate of +1.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+5.8% per year) and France (+1.6% per year).

Import Prices by Country

In 2021, the average glycosides and vegetable alkaloids import price amounted to $X per ton, increasing by 2.2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 14%. Global import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Austria ($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 Netherlands (+10.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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