South-Eastern Asia: Wheat Gluten Market 2024

Wheat Gluten Market Size in South-Eastern Asia

For the third consecutive year, the Southeast Asian wheat gluten market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption posted a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wheat Gluten Production in South-Eastern Asia

In value terms, wheat gluten production contracted significantly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Wheat Gluten Exports

Exports in South-Eastern Asia

In 2022, the amount of wheat gluten exported in South-Eastern Asia skyrocketed to X tons, growing by X% on 2021 figures. In general, exports saw a resilient increase. The growth pace was the most rapid 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 immediate term.

In value terms, wheat gluten exports skyrocketed to $X in 2022. Overall, exports showed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Indonesia was the largest exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Singapore (X tons) and Thailand (X tons), together committing a X% share of total exports. Malaysia (X tons) held a relatively small share of total exports.

Indonesia was also the fastest-growing in terms of the wheat gluten exports, with a CAGR of X% from 2012 to 2022. Singapore (X%), Thailand (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.), Singapore (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) remains the largest wheat gluten supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In Indonesia, wheat gluten 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: Singapore (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, 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 Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Wheat Gluten Imports

Imports in South-Eastern Asia

In 2022, the amount of wheat gluten imported in South-Eastern Asia surged to X tons, with an increase of X% compared with 2021 figures. Total imports indicated a strong 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, imports increased by X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wheat gluten imports soared to $X in 2022. Over the period under review, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X tons) and Thailand (X tons) represented the largest importers of wheat gluten in 2022, amounting to approx. X% and X% of total imports, respectively. Malaysia (X tons) ranks next in terms of the total imports with a X% share, followed by Indonesia (X%) and the Philippines (X%). Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat gluten importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), with a combined X% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of X%, saw the highest growth rate of 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

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

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Singapore ($X per ton) and Malaysia ($X per ton), while Indonesia ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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