China: Chewing Gum Market 2024

Chewing Gum Market Size in China

The Chinese chewing gum market shrank modestly to $X in 2022, reducing by X% against the previous year. In general, consumption continues to indicate a pronounced decline. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Chewing Gum Production in China

In value terms, chewing gum production declined modestly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible descent. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Chewing Gum Exports

Exports from China

In 2022, shipments abroad of chewing gum increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, chewing gum exports skyrocketed to $X in 2022. Overall, total exports indicated a buoyant increase 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. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), Ghana (X tons) and Guinea (X tons) were the main destinations of chewing gum exports from China, together accounting for X% of total exports. Papua New Guinea, the Philippines, Russia, Togo, Cote d'Ivoire, Mexico, Guatemala, Chile, Sudan and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chewing gum exported from China were Indonesia ($X), Ghana ($X) and Guinea ($X), together accounting for X% of total exports. Papua New Guinea, the Philippines, Russia, Togo, Guatemala, Cote d'Ivoire, Mexico, Chile, Sudan and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Russia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chewing gum export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per ton) and Russia ($X per ton), while the average price for exports to Mexico ($X per ton) and Cote d'Ivoire ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chewing Gum Imports

Imports into China

In 2022, supplies from abroad of chewing gum increased by X% to X tons, rising for the second year in a row after five years of decline. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, chewing gum imports expanded significantly to $X in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the Philippines (X tons) was the main chewing gum supplier to China, accounting for a X% share of total imports. Moreover, chewing gum imports from the Philippines exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Philippines amounted to X.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Turkey (X% per year).

In value terms, the Philippines ($X) constituted the largest supplier of chewing gum to China, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Philippines amounted to X.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Turkey (X% per year).

Import Prices by Country

The average chewing gum import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Philippines ($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 States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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