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China - Polycarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Feb 1, 2025

China - Polycarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights

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Oct 13, 2024

China's Polycarboxylic Acid Exports Fall Significantly to $4.9 Billion in 2023

China Polycarboxylic Acid Exports

For the fourth year in a row, China recorded growth in overseas shipments of polycarboxylic acids, which increased by 7% to 5M tons in 2023. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 123%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, polycarboxylic acid exports declined to $4.9B (IndexBox estimates) in 2023. Over the period under review, exports showed a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 137% against the previous year. Over the period under review, the exports hit record highs at $5.5B in 2022, and then reduced in the following year.China Polycarboxylic Acid Exports By Country (Million USD)

COUNTRYExport Value of Polycarboxylic Acid in China (million USD)
20132014201520162017201820192020202120222023
India1402622892051532642071686151,121747
Turkey14.517.237.636.764.769.263.047.7368738586
Vietnam15.621.516.115.325.021.926.462.4170341451
Egypt8.431.42.93.42.19.97.93.7105200323
Russia12.038.532.647.778.1160227162229281261
Pakistan2.49.428.527.653.210272.263.2144179224
Saudi Arabia64.675.330.335.515.611.66.728.3166216204
Oman1.510360.710913320316090.7226334159
Japan107125162139134152161127169183142
South Korea85.410089.295.0130180141110167166142
United States141163152163202229193126158201110
Others5136206426648941,1849076731,4251,5201,527
Total1,1061,5671,5431,5421,8852,5872,1711,6623,9425,4814,878

Exports by Country

India (843K tons), Turkey (726K tons) and Vietnam (579K tons) were the main destinations of polycarboxylic acid exports from China, with a combined 43% share of total exports. Egypt, Russia, Pakistan, Saudi Arabia, Oman, South Korea, Japan and the United States lagged somewhat behind, together comprising a further 32%.

From 2013 to 2023, the biggest increases were recorded for Pakistan (with a CAGR of +63.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($747M), Turkey ($586M) and Vietnam ($451M) were the largest markets for polycarboxylic acid exported from China worldwide, together accounting for 37% of total exports. Egypt, Russia, Pakistan, Saudi Arabia, Oman, South Korea, Japan and the United States lagged somewhat behind, together accounting for a further 32%.

Among the main countries of destination, Oman, with a CAGR of +59.1%, saw the highest rates of growth with regard to 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

In 2023, the polycarboxylic acid price amounted to $970 per ton (FOB, China), which is down by -16.9% against the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 10%. Over the period under review, the average export prices reached the maximum at $2,058 per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was South Korea ($1,854 per ton), while the average price for exports to Myanmar ($640 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-0.6%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polycarboxylic acid market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20143383 - Oxalic, azelaic, malonic, other, cyclanic, cylenic or cycloterpenic polycarboxylic acids, salts
  • Prodcom 20143385 - Adipic acid, its salts and esters
  • Prodcom 20143387 - Maleic anhydride
  • Prodcom 20143410 - Dibutyl and dioctyl orthophthalates
  • Prodcom 20143420 - Other esters of orthophthalic acid
  • Prodcom 20143430 - Phthalic anhydride, terephthalic acid and its salts
  • Prodcom 20143440 - Aromatic polycarboxylic acids, their anhydrides, halides, p eroxides, peroxyacids and their halogenated, sulphonated, n itrated or nitrosated derivatives (excluding esters of orthophthalic acid, phthalic anhydride, terephthalic acid and

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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