Asia-Pacific: Glucose Market 2024

Glucose Market Size in Asia-Pacific

In 2023, the Asia-Pacific glucose market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption continues to indicate a pronounced decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Glucose Production in Asia-Pacific

In value terms, glucose production dropped modestly to $X in 2023 estimated in export price. Overall, production recorded a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Glucose Exports

Exports in Asia-Pacific

In 2023, shipments abroad of glucose and glucose syrup increased by X% to X tons, rising for the third consecutive year after two years of decline. Total exports indicated strong growth 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 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, glucose exports stood at $X in 2023. Overall, exports posted strong growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in years to come.

Exports by Country

China was the key exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by India (X tons), comprising a X% share of total exports. The following exporters - Thailand (X tons) and Pakistan (X tons) - each finished at a X% share of total exports.

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

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

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: India (X% per year) and Pakistan (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, which is down by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, 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 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-Pacific

In 2023, the amount of glucose and glucose syrup imported in Asia-Pacific stood at X tons, surging by X% compared with 2022 figures. Total imports indicated strong 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 hit record highs in 2023 and are likely to continue growth in years to come.

In value terms, glucose imports declined 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 2014 indices. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2023, the Philippines (X tons) and Indonesia (X tons) represented the major importers of glucose and glucose syrup in Asia-Pacific, together achieving X% of total imports. 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%). Australia (X tons) and Singapore (X tons) took a minor share 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 Philippines ($X), Indonesia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Thailand, with a CAGR of X%, recorded 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

In 2023, the import price in Asia-Pacific amounted to $X per ton, which is down by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then fell in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Australia ($X per ton) and South Korea ($X per ton), while Vietnam ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2023, 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