South-Eastern Asia: Fructose Market 2024

Fructose Market Size in South-Eastern Asia

In 2023, the Southeast Asian fructose market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption saw a pronounced downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Fructose Production in South-Eastern Asia

In value terms, fructose production contracted slightly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a mild decrease. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

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Fructose Exports

Exports in South-Eastern Asia

Fructose exports skyrocketed to X tons in 2023, jumping by X% against 2022 figures. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked in 2023 and is likely to see gradual growth in the near future.

In value terms, fructose exports skyrocketed to $X in 2023. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

Thailand prevails in exports structure, accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Malaysia (X tons), generating a X% share of total exports. Indonesia (X tons) took a relatively small share of total exports.

Thailand was also the fastest-growing in terms of the fructose and fructose syrup exports, with a CAGR of X% from 2012 to 2023. At the same time, Indonesia (X%) and Malaysia (X%) displayed positive paces of growth. Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Malaysia saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Thailand ($X) remains the largest fructose supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with an X% share of total exports.

In Thailand, fructose exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Fructose Imports

Imports in South-Eastern Asia

In 2023, after three years of growth, there was decline in overseas purchases of fructose and fructose syrup, when their volume decreased by X% to X tons. Total imports indicated perceptible growth from 2012 to 2023: its volume 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, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, fructose imports dropped to $X in 2023. Total imports indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2023, Indonesia (X tons), distantly followed by the Philippines (X tons), Vietnam (X tons), Malaysia (X tons), Thailand (X tons) and Singapore (X tons) represented the major importers of fructose and fructose syrup, together making up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fructose importing markets in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and the Philippines ($X), together accounting for X% of total imports. Thailand, Malaysia and Singapore lagged somewhat behind, together accounting for a further X%.

Thailand, 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

The import price in South-Eastern Asia stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then dropped in the following year.

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 Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform