ASEAN: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in ASEAN

The ASEAN glycosides and vegetable alkaloids market rose remarkably to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a strong expansion. The level of consumption peaked in 2023 and is expected to retain growth in years to come.

Production of Glycosides And Vegetable Alkaloids in ASEAN

In value terms, glycosides and vegetable alkaloids production rose remarkably to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Glycosides And Vegetable Alkaloids

Exports in ASEAN

Glycosides and vegetable alkaloids exports soared to X tons in 2023, jumping by X% on the year before. Over the period under review, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is likely to see gradual growth in years to come.

In value terms, glycosides and vegetable alkaloids exports soared to $X in 2023. Total exports indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Malaysia (X tons) represented the largest exporter of glycosides and vegetable alkaloids, generating X% of total exports. It was distantly followed by Singapore (X tons), Vietnam (X tons) and Thailand (X tons), together achieving a X% share of total exports. Indonesia (X tons) held a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to glycosides and vegetable alkaloids exports from Malaysia stood at X%. At the same time, Thailand (X%), Singapore (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Singapore, Thailand and Vietnam increased by X, X and X percentage points, respectively.

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

In Malaysia, glycosides and vegetable alkaloids exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, shrinking by X% against the previous year. In general, the export price saw a deep slump. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Glycosides And Vegetable Alkaloids

Imports in ASEAN

In 2023, approx. X tons of glycosides and vegetable alkaloids were imported in ASEAN; jumping by X% on 2022 figures. Total imports indicated a buoyant increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2014 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are likely to see steady growth in the immediate term.

In value terms, glycosides and vegetable alkaloids imports amounted to $X in 2023. Total imports indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2023, Singapore (X tons), distantly followed by Malaysia (X tons), Indonesia (X tons), Vietnam (X tons) and Thailand (X tons) represented the key importers of glycosides and vegetable alkaloids, together constituting X% of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Singapore (with a CAGR of X%), 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 2023, together comprising X% of total imports.

Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

In 2023, the import price in ASEAN amounted to $X per ton, reducing by X% against the previous year. Overall, the import price saw a perceptible reduction. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform