Asia: Prepared Culture Media Market 2024

Prepared Culture Media Market Size in Asia

The Asian prepared culture media market dropped modestly to $X in 2023, falling by X% against the previous year. Over the period under review, consumption, however, continues to indicate a strong expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Prepared Culture Media Production in Asia

In value terms, prepared culture media production fell modestly to $X in 2023 estimated in export price. Overall, production, however, posted a strong increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

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Prepared Culture Media Exports

Exports in Asia

In 2023, shipments abroad of prepared culture media for development of micro-organisms decreased by X% to X tons, falling for the third year in a row after three years of growth. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, prepared culture media exports plummeted to $X in 2023. Over the period under review, exports, however, recorded strong growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, China (X tons) represented the major exporter of prepared culture media for development of micro-organisms, comprising X% of total exports. South Korea (X tons) ranks second in terms of the total exports with a X% share, followed by Japan (X%), India (X%) and Singapore (X%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to prepared culture media exports from China stood at X%. At the same time, South Korea (X%), Taiwan (Chinese) (X%), Singapore (X%), Japan (X%) and India (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. While the share of China (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of India (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest prepared culture media supplying countries in Asia were South Korea ($X), Singapore ($X) and Japan ($X), with a combined X% share of total exports.

South Korea, with a CAGR of X%, recorded 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 2023, the export price in Asia amounted to $X per ton, declining by X% against the previous year. Overall, the export price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

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 Singapore ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Prepared Culture Media Imports

Imports in Asia

In 2023, supplies from abroad of prepared culture media for development of micro-organisms decreased by X% to X tons, falling for the second consecutive year after ten years of growth. Over the period under review, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, prepared culture media imports dropped to $X in 2023. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, China (X tons), distantly followed by South Korea (X tons), Japan (X tons), India (X tons), Malaysia (X tons), Singapore (X tons), Taiwan (Chinese) (X tons), Turkey (X tons) and Thailand (X tons) were the main importers of prepared culture media for development of micro-organisms, together committing X% of total imports. The Philippines (X tons), Indonesia (X tons), Vietnam (X tons) and Iran (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of X% from 2012 to 2023. At the same time, Indonesia (X%), Vietnam (X%), the Philippines (X%), Iran (X%), Singapore (X%), India (X%), Malaysia (X%), Thailand (X%), South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. Turkey and Japan experienced a relatively flat trend pattern. While the share of China (X p.p.), the Philippines (X p.p.), Indonesia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Taiwan (Chinese) (X p.p.), Turkey (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest prepared culture media importing markets in Asia were China ($X), South Korea ($X) and Japan ($X), together comprising X% of total imports. India, Singapore, Taiwan (Chinese), Thailand, Iran, Turkey, Vietnam, Indonesia, the Philippines and Malaysia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Iran, 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

In 2023, the import price in Asia amounted to $X per ton, picking up by X% against the previous year. Import price indicated a remarkable increase from 2012 to 2023: its price 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, prepared culture media import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2023 and is likely to see gradual growth in the immediate term.

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 South Korea ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform