Asia: Ether Market 2024

Ether Market Size in Asia

The Asian ether market reduced to $X in 2022, shrinking by -8.4% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Ether Production in Asia

In value terms, ether production reduced modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 26% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Ether Exports

Exports in Asia

Ether exports skyrocketed to X tons in 2022, increasing by 15% on 2021 figures. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.9% 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 +183.4% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 128% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, ether exports skyrocketed to $X in 2022. Total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +66.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 89% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Saudi Arabia was the largest exporting country with an export of around X tons, which reached 58% of total exports. It was distantly followed by China (X tons), Taiwan (Chinese) (X tons) and Qatar (X tons), together generating a 24% share of total exports. India (X tons), Singapore (X tons) and South Korea (X tons) took a little share of total exports.

Exports from Saudi Arabia increased at an average annual rate of +4.3% from 2012 to 2022. At the same time, China (+19.3%), South Korea (+11.5%), India (+8.9%), Qatar (+7.7%) and Taiwan (Chinese) (+5.7%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of +19.3% from 2012-2022. Singapore experienced a relatively flat trend pattern. From 2012 to 2022, the share of China and Qatar increased by +9.5 and +4.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), China ($X) and India ($X) were the countries with the highest levels of exports in 2022, together comprising 71% of total exports. Qatar, Singapore, Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further 18%.

In terms of the main exporting countries, Qatar, with a CAGR of +70.9%, 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 2022, the export price in Asia amounted to $X per ton, picking up by 5.3% against the previous year. In general, the export price, however, continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2021 an increase of 33% against the previous year. 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 China ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+58.8%), while the other leaders experienced mixed trends in the export price figures.

Ether Imports

Imports in Asia

Ether imports rose sharply to X tons in 2022, with an increase of 5.6% against the year before. The total import volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 11%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, ether imports soared to $X in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Singapore (X tons) and Japan (X tons) represented the largest importers of ethers in 2022, recording near 27% and 24% of total imports, respectively. China (X tons) ranks next in terms of the total imports with a 14% share, followed by Malaysia (6.8%) and Turkey (5.3%). Taiwan (Chinese) (X tons), the United Arab Emirates (X tons), Oman (X tons), South Korea (X tons) and India (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Malaysia (with a CAGR of +10.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ether importing markets in Asia were Japan ($X), Singapore ($X) and China ($X), with a combined 61% share of total imports. Taiwan (Chinese), Turkey, India, South Korea, Malaysia, the United Arab Emirates and Oman lagged somewhat behind, together accounting for a further 27%.

In terms of the main importing countries, Turkey, with a CAGR of +8.1%, recorded the highest growth rate of the value of imports, 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, increasing by 18% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 39% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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