Asia: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Asia

The Asian aromatic hydrocarbons derivatives market contracted to $X in 2021, reducing by -9.4% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +11.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +158.0% against 2012 indices. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Aromatic Hydrocarbons Derivatives Production in Asia

In value terms, aromatic hydrocarbons derivatives production fell to $X in 2021 estimated in export price. In general, production showed resilient growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 812%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Aromatic Hydrocarbons Derivatives Exports

Exports in Asia

After two years of decline, shipments abroad of halogenated derivatives of aromatic hydrocarbons increased by 21% to X tons in 2021. In general, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2015 when exports increased by 573%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, aromatic hydrocarbons derivatives exports soared to $X in 2021. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 97% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, China (X tons) represented the main exporter of halogenated derivatives of aromatic hydrocarbons, committing 50% of total exports. India (X tons) ranks second in terms of the total exports with a 30% share, followed by Japan (11%) and South Korea (7.3%).

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +14.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest aromatic hydrocarbons derivatives supplier in Asia, comprising 68% of total exports. The second position in the ranking was held by India ($X), with a 17% share of total exports. It was followed by Japan, with a 9.6% share.

In China, aromatic hydrocarbons derivatives exports increased at an average annual rate of +5.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+13.5% per year) and Japan (+2.4% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, growing by 10% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by 196%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while India ($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 (+2.6%), while the other leaders experienced more modest paces of growth.

Aromatic Hydrocarbons Derivatives Imports

Imports in Asia

In 2021, imports of halogenated derivatives of aromatic hydrocarbons in Asia skyrocketed to X tons, growing by 27% against the previous year. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, aromatic hydrocarbons derivatives imports soared to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 28% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Japan (X tons) represented the key importer of halogenated derivatives of aromatic hydrocarbons, achieving 39% of total imports. It was distantly followed by India (X tons), China (X tons), Cambodia (X tons) and South Korea (X tons), together creating a 46% share of total imports. Indonesia (X tons) and the Philippines (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +17.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aromatic hydrocarbons derivatives importing markets in Asia were Japan ($X), India ($X) and China ($X), together comprising 61% of total imports. These countries were followed by South Korea, Cambodia, the Philippines and Indonesia, which together accounted for a further 19%.

Among the main importing countries, the Philippines, with a CAGR of +42.3%, saw 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, shrinking by -2.8% against the previous year. Overall, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, 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 South Korea ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+30.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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