Eastern Asia: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Eastern Asia

The East Asian glycosides and vegetable alkaloids market soared to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Glycosides And Vegetable Alkaloids in Eastern Asia

In value terms, glycosides and vegetable alkaloids production rose modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; afterwards, it flattened through to 2022.

Exports of Glycosides And Vegetable Alkaloids

Exports in Eastern Asia

In 2022, overseas shipments of glycosides and vegetable alkaloids increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, glycosides and vegetable alkaloids exports surged to $X in 2022. In general, exports posted a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. South Korea (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to glycosides and vegetable alkaloids exports from China stood at X%. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glycosides and vegetable alkaloids supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China stood at $X per ton.

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

Imports of Glycosides And Vegetable Alkaloids

Imports in Eastern Asia

Glycosides and vegetable alkaloids imports skyrocketed to X tons in 2022, increasing by X% against the previous year. In general, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, glycosides and vegetable alkaloids imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the key importer of glycosides and vegetable alkaloids in Eastern Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X tons), South Korea (X tons) and Japan (X tons), together mixing up a X% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to glycosides and vegetable alkaloids imports into China stood at X%. At the same time, Hong Kong SAR (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Japan and Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2022, the share of Hong Kong SAR and China increased by X and X percentage points, respectively.

In value terms, Hong Kong SAR ($X), Japan ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Hong Kong SAR, 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 2022, the import price in Eastern Asia amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, showed a abrupt setback. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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