Overview of the Global Market for Glycosides And Vegetable Alkaloids

Market Size for Glycosides And Vegetable Alkaloids

For the fifth year in a row, the global glycosides and vegetable alkaloids market recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, the total consumption indicated a noticeable increase 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, consumption increased by X% against 2017 indices. Global consumption peaked in 2023 and is likely to see steady growth in the immediate term.

Production of Glycosides And Vegetable Alkaloids

In value terms, glycosides and vegetable alkaloids production reached $X in 2023 estimated in export price. In general, the total production indicated a tangible increase 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, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Global production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Glycosides And Vegetable Alkaloids

Exports

In 2023, overseas shipments of glycosides and vegetable alkaloids decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, total exports indicated a tangible expansion 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, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The global exports peaked at X tons in 2022, and then reduced in the following year.

In value terms, glycosides and vegetable alkaloids exports contracted slightly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the global exports reached the peak figure at $X in 2022, and then fell slightly in the following year.

Exports by Country

China represented the main exporting country with an export of about X tons, which accounted for X% of total exports. Germany (X tons) ranks second in terms of the total exports with a X% share, followed by Spain (X%) and India (X%). The United States (X tons), Malaysia (X tons), the Netherlands (X tons), France (X tons), Sweden (X tons) and Belgium (X tons) held a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to glycosides and vegetable alkaloids exports from China stood at X%. At the same time, the Netherlands (X%), Belgium (X%), France (X%), Malaysia (X%), the United States (X%), Spain (X%), India (X%) and Germany (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Sweden experienced a relatively flat trend pattern. While the share of the Netherlands (X p.p.) and China (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Sweden (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glycosides and vegetable alkaloids supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Germany ($X), with a X% share of global exports. It was followed by India, with an X% share.

In China, glycosides and vegetable alkaloids exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Germany (X% per year) and India (X% per year).

Export Prices by Country

The average glycosides and vegetable alkaloids export price stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the export price, however, saw a pronounced downturn. The global export price peaked at $X per ton in 2016; however, from 2017 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 France ($X per ton), while Sweden ($X per ton) was amongst the lowest.

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

Imports of Glycosides And Vegetable Alkaloids

Imports

In 2023, after two years of growth, there was significant decline in overseas purchases of glycosides and vegetable alkaloids, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, global imports attained the peak figure at X tons in 2022, and then contracted in the following year.

In value terms, glycosides and vegetable alkaloids imports reduced to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted slightly in the following year.

Imports by Country

In 2023, the United States (X tons), distantly followed by Germany (X tons), China (X tons), India (X tons), Ireland (X tons) and France (X tons) represented the main importers of glycosides and vegetable alkaloids, together creating X% of total imports. Italy (X tons), Singapore (X tons), Brazil (X tons), Spain (X tons), the UK (X tons), the Netherlands (X tons) and Malaysia (X tons) held a relatively small share of total imports.

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

In value terms, the United States ($X) constitutes the largest market for imported glycosides and vegetable alkaloids worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States was relatively modest. In the other countries, the average annual rates were as follows: Germany (X% per year) and India (X% per year).

Import Prices by Country

In 2023, the average glycosides and vegetable alkaloids import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the average import prices failed to regain momentum.

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 Brazil ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform