Asia: Hydantoin Market 2025

Hydantoin Market Size in Asia

In 2022, the Asian hydantoin market increased by 3.6% to $X, rising for the fourth consecutive year after three years of decline. In general, consumption, however, continues to indicate a pronounced descent. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Hydantoin Production in Asia

In value terms, hydantoin production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 17% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Hydantoin Exports

Exports in Asia

In 2022, overseas shipments of hydantoin and its derivatives decreased by -6.7% to X tons, falling for the second consecutive year after three years of growth. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 19% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydantoin exports rose remarkably to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 23%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, finishing at X tons, which was approx. 76% of total exports in 2022. India (X tons) took the second position in the ranking, followed by Indonesia (X tons). All these countries together held near 17% share of total exports. Israel (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hydantoin exports from China stood at +4.1%. At the same time, Indonesia (+61.0%) and Taiwan (Chinese) (+18.9%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +61.0% from 2012-2022. By contrast, India (-1.8%) and Israel (-10.4%) illustrated a downward trend over the same period. Indonesia (+8 p.p.) and China (+7.5 p.p.) significantly strengthened its position in terms of the total exports, while India and Israel saw its share reduced by -5.6% and -8.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hydantoin supplier in Asia, comprising 71% of total exports. The second position in the ranking was taken by India ($X), with an 8% share of total exports. It was followed by Taiwan (Chinese), with a 7.5% share.

In China, hydantoin exports expanded at an average annual rate of +6.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (+5.4% per year) and Taiwan (Chinese) (+18.2% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, rising by 22% against the previous year. Over the period under review, the export price, however, recorded a pronounced curtailment. Over the period under review, the export prices reached the peak figure 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 Taiwan (Chinese) ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.4%), while the other leaders experienced more modest paces of growth.

Hydantoin Imports

Imports in Asia

Hydantoin imports expanded slightly to X tons in 2022, surging by 2.7% compared with the previous year. Over the period under review, imports, however, showed a slight curtailment. The pace of growth was the most pronounced in 2016 with an increase of 34% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hydantoin imports shrank to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 12% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Japan (X tons) and India (X tons) represented roughly 42% of total imports in 2022. Turkey (X tons) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (6.1%), China (5.8%), Vietnam (5.8%), Malaysia (5.3%), Israel (4.9%) and Indonesia (4.8%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +25.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported hydantoin and its derivatives in Asia, comprising 35% of total imports. The second position in the ranking was held by India ($X), with a 12% share of total imports. It was followed by China, with a 7.6% share.

In Japan, hydantoin imports increased at an average annual rate of +3.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+2.2% per year) and China (+8.3% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, dropping by -5.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 18% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :