Asia: Glucose Market 2024

Glucose Market Size in Asia

In 2023, after two years of growth, there was decline in the Asian glucose market, when its value decreased by X% to $X. Over the period under review, consumption showed a perceptible contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Glucose Production in Asia

In value terms, glucose production reduced to $X in 2023 estimated in export price. In general, production recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Glucose Exports

Exports in Asia

In 2023, approx. X tons of glucose and glucose syrup were exported in Asia; increasing by X% compared with 2022. Total exports indicated a strong expansion from 2012 to 2023: its volume 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, exports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the maximum in 2023 and are likely to continue growth in the immediate term.

In value terms, glucose exports totaled $X in 2023. In general, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

China was the main exporter of glucose and glucose syrup in Asia, with the volume of exports resulting at X tons, which was near X% of total exports in 2023. India (X tons) held the second position in the ranking, followed by Turkey (X tons). All these countries together held approx. X% share of total exports. The following exporters - Thailand (X tons), Pakistan (X tons) and Saudi Arabia (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Saudi Arabia (X%), Turkey (X%), Thailand (X%), India (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. While the share of China (X p.p.), Turkey (X p.p.) and Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Thailand (X p.p.), Pakistan (X p.p.) and India (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest glucose supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Turkey, with an X% share.

In China, glucose 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: India (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2022, and then declined in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced more modest paces of growth.

Glucose Imports

Imports in Asia

Glucose imports rose modestly to X tons in 2023, with an increase of X% on 2022. Total imports indicated buoyant 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 2021 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are likely to see gradual growth in years to come.

In value terms, glucose imports fell to $X in 2023. Total imports indicated a resilient increase from 2012 to 2023: its value 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 2013 indices. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

The Philippines (X tons) and Indonesia (X tons) represented roughly X% of total imports in 2023. Thailand (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%), Malaysia (X%) and South Korea (X%). The following importers - Singapore (X tons), Bangladesh (X tons), Syrian Arab Republic (X tons), the United Arab Emirates (X tons), Iraq (X tons), Turkey (X tons) and Taiwan (Chinese) (X tons) - together made 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 glucose importing markets in Asia were the Philippines ($X), Indonesia ($X) and Thailand ($X), together comprising X% of total imports.

Thailand, with a CAGR of X%, saw 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 Asia stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then shrank 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 Turkey ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform