Eastern Asia: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in Eastern Asia

In 2022, the East Asian margarine and shortening market increased by X% to $X, rising for the second consecutive year after two years of decline. The market 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 in certain years. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Margarine And Shortening Production in Eastern Asia

In value terms, margarine and shortening production contracted slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Margarine And Shortening Exports

Exports in Eastern Asia

In 2022, margarine and shortening exports in Eastern Asia fell to X tons, dropping by X% against the previous year's figure. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, margarine and shortening exports reached $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China was the key exporter of margarine and shortening in Eastern Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), Japan (X tons), South Korea (X tons) and Hong Kong SAR (X tons), together comprising a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) and Japan (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. By contrast, Taiwan (Chinese) (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, South Korea and Japan increased by X, X and X percentage points, respectively.

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

In China, margarine and shortening exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, growing 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 reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Margarine And Shortening Imports

Imports in Eastern Asia

In 2022, approx. X tons of margarine and shortening were imported in Eastern Asia; rising by X% on 2021. Overall, imports showed a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, margarine and shortening imports skyrocketed to $X in 2022. In general, imports recorded a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2022. The following importers - South Korea (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

China was also the fastest-growing in terms of the margarine and shortening imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. China (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and South Korea saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported margarine and shortening in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports.

In China, margarine and shortening imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price 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, margarine and shortening import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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