Asia-Pacific: Chewing Gum Market 2024

Chewing Gum Market Size in Asia-Pacific

The Asia-Pacific chewing gum market shrank to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when the market value increased by X%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Chewing Gum Production in Asia-Pacific

In value terms, chewing gum production declined slightly to $X in 2022 estimated in export price. In general, production recorded a abrupt downturn. The growth pace was the most rapid in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Chewing Gum Exports

Exports in Asia-Pacific

In 2022, overseas shipments of chewing gum increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports continue to indicate a slight increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, chewing gum exports expanded remarkably to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X tons), distantly followed by Pakistan (X tons), India (X tons), the Philippines (X tons) and Vietnam (X tons) were the largest exporters of chewing gum, together creating X% of total exports. The following exporters - Indonesia (X tons) and Japan (X tons) - each amounted to a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest chewing gum supplying countries in Asia-Pacific were China ($X), Pakistan ($X) and Vietnam ($X), together comprising X% of total exports.

Pakistan, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price, however, saw a slight downturn. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Chewing Gum Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of chewing gum increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports, however, recorded a mild slump. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, chewing gum imports stood at $X in 2022. Overall, imports, however, showed a mild downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Afghanistan (X tons), distantly followed by Indonesia (X tons), China (X tons), Vietnam (X tons), Papua New Guinea (X tons) and Malaysia (X tons) were the key importers of chewing gum, together constituting X% of total imports. Nepal (X tons), the Philippines (X tons), Australia (X tons), Hong Kong SAR (X tons), Thailand (X tons) and India (X tons) followed a long way behind the leaders.

Afghanistan experienced a relatively flat trend pattern with regard to volume of imports of chewing gum. At the same time, China (X%), Indonesia (X%), the Philippines (X%), Papua New Guinea (X%) and India (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Nepal (X%), Australia (X%), Vietnam (X%), Malaysia (X%), Hong Kong SAR (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.), China (X p.p.), Papua New Guinea (X p.p.), Afghanistan (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (X p.p.), Malaysia (X p.p.), Thailand (X p.p.) and Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest chewing gum importing markets in Asia-Pacific were Afghanistan ($X), Vietnam ($X) and China ($X), with a combined X% share of total imports.

In terms of the main importing countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in Asia-Pacific stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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