Eastern Asia: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Eastern Asia

The East Asian market for malt extract and food preparations of flour, meal, and starches reduced to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption showed a perceptible curtailment. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Eastern Asia

In value terms, production of malt extract and food preparations of flour, meal, and starches declined to $X in 2022 estimated in export price. Overall, production recorded a slight decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports in Eastern Asia

In 2022, exports of malt extract and food preparations of flour, meal, and starches in Eastern Asia declined to X tons, shrinking by X% compared with the year before. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, exports of malt extract and food preparations of flour, meal, and starches reduced to $X in 2022. Overall, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

South Korea (X tons) and China (X tons) were the largest exporters of malt extract and food preparations of flour, meal, and starches in 2022, resulting at approx. X% and X% of total exports, respectively. Japan (X tons) ranks next in terms of the total exports with a X% share, followed by Taiwan (Chinese) (X%). Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by South Korea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch supplying countries in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together accounting for X% of total exports.

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

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports in Eastern Asia

In 2022, purchases abroad of malt extract and food preparations of flour, meal, and starches decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of malt extract and food preparations of flour, meal, and starches rose modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Japan (X tons) represented the key importer of malt extract and food preparations of flour, meal, and starches, committing X% of total imports. It was distantly followed by China (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons), together achieving a X% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to malt extract and food preparations of flour, meal, and starch imports into Japan stood at X%. At the same time, Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. China experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. Taiwan (Chinese) (X p.p.), China (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest malt extract and food preparations of flour, meal, and starch importing markets in Eastern Asia were China ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. South Korea and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, recorded the highest growth rate of 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, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox Platform

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