Asia: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in Asia

In 2020, the Asian acyclic hydrocarbons market decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Acyclic Hydrocarbons Production in Asia

In value terms, acyclic hydrocarbons production contracted to $X in 2020 estimated in export prices. Overall, production, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. The level of production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Production By Country in Asia

The countries with the highest volumes of acyclic hydrocarbons production in 2020 were Japan (X tons), China (X tons) and South Korea (X tons), with a combined X% share of total production. These countries were followed by India, Indonesia, Iran, Turkey, Thailand and Malaysia, which together accounted for a further X 2007 to 2020, the biggest increases were in Turkey, while acyclic hydrocarbons production for the other leaders experienced more modest paces of growth.

Acyclic Hydrocarbons Exports

Exports in Asia

In 2020, shipments abroad of acyclic hydrocarbons decreased by -X% to X tons for the first time since 2015, thus ending a four-year rising trend. Total exports indicated notable growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. The volume of export peaked at X tons in 2019, and then shrank in the following year.

In value terms, acyclic hydrocarbons exports dropped sharply to $X in 2020. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. The level of export peaked at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, South Korea (X tons) represented the key exporter of acyclic hydrocarbons, generating X% of total exports. India (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Japan (X%), Iran (X%), Singapore (X%), Malaysia (X%) and Thailand (X%).

From 2007 to 2020, the biggest increases were in India, while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Iran ($X) and India ($X) were the countries with the highest levels of exports in 2020, together accounting for X% of total exports.

India saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2020, the acyclic hydrocarbons export price in Asia amounted to $X per ton, falling by -X% against the previous year. In general, the export price showed a noticeable decline. The growth pace was the most rapid in 2011 an increase of X% y-o-y. The level of export peaked at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Iran ($X per ton) and Singapore ($X per ton), while India ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Iran, while the other leaders experienced a decline in the export price figures.

Acyclic Hydrocarbons Imports

Imports in Asia

Acyclic hydrocarbons imports rose significantly to X tons in 2020, surging by X% compared with 2019 figures. In general, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure in 2020 and are likely to see steady growth in the immediate term.

In value terms, acyclic hydrocarbons imports shrank to $X in 2020. Total imports indicated measured growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) represented the major importer of acyclic hydrocarbons, making up X% of total imports. India (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by South Korea (X%), Indonesia (X%), Taiwan (Chinese) (X%) and Singapore (X%). The following importers - Japan (X tons) and Malaysia (X tons) - each recorded a X% share of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2020. At the same time, India (+X%), South Korea (+X%), Indonesia (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. Japan and Singapore experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-X%) illustrated a downward trend over the same period. China (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the total imports, while Japan, Singapore and Taiwan (Chinese) saw its share reduced by -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported acyclic hydrocarbons in Asia, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by India, with a X% share.

In China, acyclic hydrocarbons imports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: South Korea (+X% per year) and India (+X% per year).

Import Prices by Country

In 2020, the acyclic hydrocarbons import price in Asia amounted to $X per ton, falling by -X% against the previous year. In general, the import price showed a noticeable reduction. The pace of growth was the most pronounced in 2010 when the import price increased by X% y-o-y. The level of import peaked at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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