Asia: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Asia

For the third consecutive year, the Asian market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid recorded growth in sales value, which increased by 11% to $X in 2022. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Asia

In value terms, production of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid rose sharply to $X in 2022 estimated in export price. Overall, production, however, showed a slight setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 7.5%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports in Asia

In 2022, the amount of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exported in Asia shrank to X tons, which is down by -14.8% on the previous year's figure. In general, exports showed a pronounced decrease. The pace of growth was the most pronounced in 2015 when exports increased by 36% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid fell rapidly to $X in 2022. Overall, exports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2021 with an increase of 67%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, South Korea (X tons) and China (X tons) represented the major exporters of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid in Asia, together creating 57% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), Malaysia (X tons), Vietnam (X tons), India (X tons), Japan (X tons) and Turkey (X tons), together achieving a 40% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +60.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, with a combined 62% share of total exports. Taiwan (Chinese), Vietnam, Malaysia, India and Turkey lagged somewhat behind, together accounting for a further 35%.

Vietnam, with a CAGR of +64.9%, recorded 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

The export price in Asia stood at $X per ton in 2022, approximately mirroring the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 60% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports in Asia

In 2022, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid in Asia dropped sharply to X tons, which is down by -19.5% compared with 2021 figures. Over the period under review, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2015 when imports increased by 61% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid declined notably to $X in 2022. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 89%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the five major importers of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid, namely Indonesia, China, Thailand, India and South Korea, represented more than half of total import. It was distantly followed by Vietnam (X tons) and Japan (X tons), together making up a 10% share of total imports. The following importers - the Philippines (X tons), the United Arab Emirates (X tons), Turkey (X tons), Singapore (X tons), Hong Kong SAR (X tons) and Malaysia (X tons) - together made up 17% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +38.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Indonesia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 41% share of total imports. India, South Korea, Vietnam, Japan, the United Arab Emirates, Turkey, Singapore, the Philippines, Hong Kong SAR and Malaysia lagged somewhat behind, together accounting for a further 45%.

India, with a CAGR of +35.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 49% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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