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The Soft Drink Market in Asia-Pacific Reached Near $200B, Posting Solid Gains Over the Third Year In a Row

soft drink

The Soft Drink Market in Asia-Pacific Reached Near $200B, Posting Solid Gains Over the Third Year In a Row

IndexBox has just published a new report: ‘Asia-Pacific – Soft Drinks – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In 2019, the Asia-Pacific soft drink market increased by 3.7% to $198.2B, rising for the third year in a row after three years of decline. In general, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the market value increased by 7% y-o-y. Over the period under review, the market hit record highs at $209.1B in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Consumption by Country

The country with the largest volume of soft drink consumption was China (89M tonnes), accounting for 42% of the total volume. Moreover, soft drink consumption in China exceeded the figures recorded by the second-largest consumer, India (28M tonnes), threefold. The third position in this ranking was occupied by Indonesia (16M tonnes), with a 7.4% share.

From 2013 to 2019, the average annual growth rate of volume in China was relatively modest. In other countries, the average annual rates were as follows: India (+1.2% per year) and Indonesia (-1.7% per year).

In value terms, China ($83.2B) led the market, alone. The second position in the ranking was occupied by India ($26.6B). It was followed by Indonesia.

The countries with the highest levels of soft drink per capita consumption in 2019 were Japan (116 kg per person), Pakistan (62 kg per person) and China (61 kg per person).

From 2013 to 2019, the biggest increases were in Japan, while soft drink per capita consumption for the other leaders experienced a decline in the per capita consumption figures.

Production in Asia-Pacific

After two years of growth, the production of soft drinks decreased by -0.3% to 213M tonnes in 2019. Overall, production saw a relatively flat trend pattern.

The country with the largest volume of soft drink production was China (89M tonnes), comprising approx. 42% of total volume. Moreover, soft drink production in China exceeded the figures recorded by the second-largest producer, India (28M tonnes), threefold. Indonesia (16M tonnes) ranked third in terms of total production with a 7.3% share.

In China, soft drink production remained relatively stable over the period from 2013-2019. In other countries, the average annual rates were as follows: India (+1.1% per year) and Indonesia (-1.7% per year).

Imports in Asia-Pacific

In 2019, the amount of soft drinks imported in Asia-Pacific expanded notably to 2.7M tonnes, increasing by 5.7% compared with the previous year. The total import volume increased at an average annual rate of +4.9% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of imports peaked in 2019 and is likely to see gradual growth in the immediate term. In value terms, soft drink imports expanded markedly to $3B (IndexBox estimates) in 2019.

Imports by Country

China (448K tonnes), Singapore (369K tonnes) and Hong Kong SAR (285K tonnes) represented roughly 40% of total imports of soft drinks in 2019. It was distantly followed by Australia (183K tonnes), Viet Nam (180K tonnes), India (178K tonnes) and Myanmar (143K tonnes), together generating a 25% share of total imports. Lao People’s Democratic Republic (104K tonnes), Japan (100K tonnes), Indonesia (98K tonnes), New Zealand (84K tonnes) and Cambodia (77K tonnes) followed a long way behind the leaders.

From 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lao People’s Democratic Republic (+58.1% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($635M) constitutes the largest market for imported soft drinks in Asia-Pacific, comprising 21% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($297M), with a 9.8% share of total imports. It was followed by Australia, with a 8.9% share.

Import Prices by Country

The soft drink import price in Asia-Pacific stood at $1,105 per tonne in 2019, surging by 3% against the previous year. Over the last six-year period, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2017 when the import price increased by 31% against the previous year. As a result, import price attained the peak level of $1,260 per tonne. From 2018 to 2019, the growth in terms of the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Japan ($2,143 per tonne), while Singapore ($683 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Cambodia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

frozen fish

Global Frozen Fish Market – China Holds 17 Percent of World Exports, with $7.6B in 2018

IndexBox has just published a new report: ‘World – Frozen Fish – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The global frozen fish market revenue amounted to $118.3B in 2018, rising by 6.6% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2014 to 2018.

Driven by increasing demand for frozen fish worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.8% for the period from 2018 to 2030, which is projected to bring the market volume to 43M tonnes by the end of 2030.

Frozen Fish Trade 2014-2018

In 2018, the global exports of frozen fish amounted to 17M tonnes, increasing by 6.5% against the previous year. The total export volume increased at an average annual rate of +2.8% from 2014 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 7.1% year-to-year. Over the period under review, global frozen fish exports reached their maximum in 2018 and are likely to continue its growth in the near future.

In value terms, frozen fish exports stood at $43.9B (IndexBox estimates) in 2018.

Exports by Country

The exports of the twelve major exporters of frozen fish, namely China, Russia, the U.S., Viet Nam, Norway, the Netherlands, Chile, Taiwan, Chinese, Japan, Spain, Namibia and India, represented more than half of total export.

From 2014 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while exports for the other global leaders experienced more modest paces of growth.

In value terms, China ($7.6B) remains the largest frozen fish supplier worldwide, comprising 17% of global exports. The second position in the ranking was occupied by the U.S. ($3.6B), with a 8.2% share of global exports. It was followed by Russia, with a 6.7% share.

Export Prices by Country

In 2018, the average frozen fish export price amounted to $2,574 per tonne, increasing by 2.9% against the previous year. Over the period under review, the frozen fish export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 2.9% y-o-y. Over the period under review, the average export prices for frozen fish attained their maximum at $2,628 per tonne in 2014; afterwards, it flattened through to 2018.

Prices varied noticeably by the country of origin; the country with the highest price was Chile ($5,059 per tonne), while Namibia ($1,334 per tonne) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other global leaders experienced more modest paces of growth.

Imports by Country

In 2018, China (2.2M tonnes), followed by Thailand (1.4M tonnes), Japan (1.4M tonnes), the U.S. (1M tonnes) and South Korea (0.9M tonnes) were the largest importers of frozen fish, together making up 40% of total imports. The following importers – Viet Nam (706K tonnes), Nigeria (581K tonnes), Spain (515K tonnes), the Netherlands (470K tonnes), Germany (436K tonnes), Cameroon (404K tonnes) and Russia (371K tonnes) – together made up 20% of total imports.

From 2014 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Viet Nam, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest frozen fish importing markets worldwide were Japan ($6B), the U.S. ($5B) and China ($4B), together comprising 34% of global imports. Thailand, South Korea, Viet Nam, Germany, Spain, the Netherlands, Russia, Nigeria and Cameroon lagged somewhat behind, together accounting for a further 29%.

Import Prices by Country

The average frozen fish import price stood at $2,582 per tonne in 2018, picking up by 2.2% against the previous year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the U.S. ($5,112 per tonne), while Nigeria ($839 per tonne) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

sheepskin

China’s Sheepskin and Lambskin Market Is Estimated at $1.9B

IndexBox has just published a new report: ‘China – Sheepskin and Lambskin – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The revenue of the sheepskin and lambskin market in China amounted to $1.9B in 2018, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

Production in China

In 2018, the sheepskin and lambskin production in China totaled 544K tonnes, flattening at the previous year. The total output volume increased at an average annual rate of +3.0% from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2016 with an increase of 4.6% year-to-year. Over the period under review, sheepskin and lambskin production reached its maximum volume in 2018 and is expected to retain its growth in the near future.

Producing Animals in China

The number of animals slaughtered for sheepskin and lambskin production in China stood at 142M heads in 2018, remaining stable against the previous year. This number increased at an average annual rate of +1.8% from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2014 when the number of producing animals increased by 4.6% against the previous year. Over the period under review, this number attained its maximum level at 144M heads in 2016; however, from 2017 to 2018, producing animals failed to regain its momentum.

Yield in China

Average yield of sheep or lamb skins (without wool) in China totaled 3,842 kg per 1000 heads in 2018, standing approx. at the previous year. The yield figure increased at an average annual rate of +1.2% over the period from 2013 to 2018. Sheepskin and lambskin yield peaked in 2018 and is expected to retain its growth in the near future.

Imports into China

In 2018, approx. 311K tonnes of sheep or lamb skins (without wool) were imported into China; jumping by 2.2% against the previous year. Over the period under review, sheepskin and lambskin imports attained their peak figure at 313K tonnes in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, sheepskin and lambskin imports totaled $406M (IndexBox estimates) in 2018.

Imports by Country

In 2018, Australia (147K tonnes) constituted the largest supplier of sheepskin and lambskin to China, accounting for a 47% share of total imports. Moreover, sheepskin and lambskin imports from Australia exceeded the figures recorded by the second-largest supplier, New Zealand (51K tonnes), threefold. The third position in this ranking was occupied by the UK (45K tonnes), with a 15% share.

From 2013 to 2018, the average annual growth rate of volume from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+6.1% per year) and the UK (-4.5% per year).

In value terms, Australia ($238M) constituted the largest supplier of sheepskin and lambskin to China, comprising 59% of total sheepskin and lambskin imports. The second position in the ranking was occupied by New Zealand ($45M), with a 11% share of total imports. It was followed by the UK, with a 8.7% share.

From 2013 to 2018, the average annual rate of growth in terms of value from Australia totaled -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-17.4% per year) and the UK (-22.5% per year).

Import Prices by Country

The average sheepskin and lambskin import price stood at $1,305 per tonne in 2018, jumping by 1.9% against the previous year. Over the period under review, the sheepskin and lambskin import price, however, continues to indicate a deep shrinkage. The growth pace was the most rapid in 2017 when the average import price increased by 5% against the previous year. Over the period under review, the average import prices for sheep or lamb skins (without wool) attained their peak figure at $2,230 per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($1,613 per tonne), while the price for the UK ($781 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

eggplant

Asia’s Eggplant Market Keeps Growing, Driven by Strong Demand in China

IndexBox has just published a new report: ‘Asia – Eggplants (Aubergine) – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The revenue of the eggplant market in Asia amounted to $68.4B in 2018, surging by 4.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

Consumption by Country in Asia

China (34M tonnes) constituted the country with the largest volume of eggplant consumption, accounting for 67% of total volume. Moreover, eggplant consumption in China exceeded the figures recorded by the second-largest consumer, India (13M tonnes), threefold.

From 2013 to 2018, the average annual growth rate of volume in China totaled +3.7%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (-0.9% per year) and Turkey (+0.0% per year).

In value terms, China ($43.4B) led the market, alone. The second position in the ranking was occupied by India ($20B).

In China, eggplant per capita consumption increased at an average annual rate of +3.2% over the period from 2013-2018. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Turkey (-1.5% per year) and India (-2.1% per year).

Production in Asia

In 2018, approx. 51M tonnes of eggplants were produced in Asia; growing by 2.9% against the previous year. The total output volume increased at an average annual rate of +2.0% from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The general positive trend in terms of eggplant output was largely conditioned by a moderate increase of the harvested area and a mild expansion in yield figures.

In 2018, approx. 1.7M ha of eggplants were harvested in Asia, while the average yield stood at 29 tonne per ha, growing by 2.4% against the previous year.

Exports in Asia

In 2018, the amount of eggplants (aubergine) exported in Asia stood at 88K tonnes, growing by 26% against the previous year.

In value terms, eggplant exports amounted to $94M (IndexBox estimates) in 2018. The total exports indicated buoyant growth from 2013 to 2018: its value increased at an average annual rate of +1.4% over the last five-year period.

Exports by Country

In 2018, Turkey (23K tonnes), distantly followed by China (15K tonnes), Malaysia (9.5K tonnes), Saudi Arabia (8.1K tonnes), Uzbekistan (8K tonnes), Thailand (5.1K tonnes) and Jordan (4.5K tonnes) were the key exporters of eggplants (aubergine), together constituting 82% of total exports.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by China, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest eggplant supplying countries in Asia were Turkey ($24M), China ($23M) and Malaysia ($5.1M), with a combined 54% share of total exports.

Export Prices by Country

The eggplant export price in Asia stood at $1,067 per tonne in 2018, picking up by 9.1% against the previous year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was China ($1,510 per tonne), while Saudi Arabia ($352 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform