Asia: Chewing Gum Market 2024

Chewing Gum Market Size in Asia

The Asian chewing gum market shrank significantly to $X in 2022, dropping by X% against the previous year. Overall, consumption saw a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Chewing Gum Production in Asia

In value terms, chewing gum production dropped to $X in 2022 estimated in export price. Overall, production saw a noticeable slump. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Chewing Gum Exports

Exports in Asia

In 2022, shipments abroad of chewing gum increased by X% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, chewing gum exports skyrocketed to $X in 2022. Total exports indicated slight growth from 2012 to 2022: its value 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, 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.

Exports by Country

China (X tons), Turkey (X tons), Pakistan (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons), India (X tons), the Philippines (X tons) and Vietnam (X tons) represented roughly X% of total exports in 2022.

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

In value terms, Turkey ($X), China ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while India ($X per ton) was amongst the lowest.

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

Chewing Gum Imports

Imports in Asia

In 2022, overseas purchases of chewing gum increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, chewing gum imports surged to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Afghanistan (X tons), Iraq (X tons), Yemen (X tons) and Indonesia (X tons) were the largest importers of chewing gum, together comprising X% of total imports. China (X tons), Oman (X tons), Saudi Arabia (X tons), Vietnam (X tons), Iran (X tons), Malaysia (X tons), Nepal (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to chewing gum imports into the United Arab Emirates stood at X%. At the same time, China (X%), Indonesia (X%), Oman (X%), the Philippines (X%) and Yemen (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Afghanistan and Iraq experienced a relatively flat trend pattern. By contrast, Nepal (X%), Saudi Arabia (X%), Vietnam (X%), Malaysia (X%) and Iran (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Indonesia, China, Oman and Yemen increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported chewing gum in Asia, comprising X% of total imports. The second position in the ranking was taken by Iraq ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In the United Arab Emirates, chewing gum imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Yemen ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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