Asia: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in Asia

In 2021, the Asian acyclic hydrocarbons derivatives market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Acyclic Hydrocarbons Derivatives Production in Asia

In value terms, acyclic hydrocarbons derivatives production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 11%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Acyclic Hydrocarbons Derivatives Exports

Exports in Asia

In 2021, exports of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons in Asia soared to X tons, jumping by 25% against 2020 figures. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, acyclic hydrocarbons derivatives exports surged to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near 85% of total exports in 2021. It was distantly followed by Japan (X tons), creating a 5% share of total exports. India (X tons) and Israel (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to acyclic hydrocarbons derivatives exports from China stood at +5.9%. At the same time, India (+44.9%) and Japan (+2.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +44.9% from 2012-2021. Israel experienced a relatively flat trend pattern. From 2012 to 2021, the share of India increased by +4.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest acyclic hydrocarbons derivatives supplier in Asia, comprising 68% of total exports. The second position in the ranking was held by Japan ($X), with a 16% share of total exports. It was followed by India, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +4.0%. In the other countries, the average annual rates were as follows: Japan (+5.0% per year) and India (+34.5% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, increasing by 9.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the export price increased by 15% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Acyclic Hydrocarbons Derivatives Imports

Imports in Asia

In 2021, the amount of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons imported in Asia rose sharply to X tons, picking up by 9.7% on 2020 figures. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.8% against 2012 indices. The growth pace was the most rapid in 2017 when imports increased by 17%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, acyclic hydrocarbons derivatives imports skyrocketed to $X in 2021. In general, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Japan (X tons), India (X tons), South Korea (X tons), the United Arab Emirates (X tons), Thailand (X tons), Turkey (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons) and Saudi Arabia (X tons) represented roughly 79% of total imports in 2021. Indonesia (X tons), Singapore (X tons), Pakistan (X tons) and China (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Malaysia (with a CAGR of +18.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Japan ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 58% of total imports. These countries were followed by India, Taiwan (Chinese), Singapore, the United Arab Emirates, Turkey, Saudi Arabia, Thailand, Malaysia, Indonesia and Pakistan, which together accounted for a further 36%.

Among the main importing countries, Saudi Arabia, with a CAGR of +14.1%, recorded the highest rates of growth with regard to 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 2021, the import price in Asia amounted to $X per ton, growing by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2018 when the import price increased by 13%. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+21.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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