Asia: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Asia

The Asian industrial fatty alcohols market stood at $X in 2021, leveling off at the previous year. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Industrial Fatty Alcohols Production in Asia

In value terms, industrial fatty alcohols production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% 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 2016 with an increase of 21%. Over the period under review, production reached the peak level at $X in 2019; afterwards, it flattened through to 2021.

Industrial Fatty Alcohols Exports

Exports in Asia

In 2021, exports of industrial fatty alcohols in Asia expanded sharply to X tons, growing by 7.7% against the previous year. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +67.0% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 24%. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, industrial fatty alcohols exports surged to $X in 2021. Overall, exports saw strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Indonesia (X tons) represented the main exporter of industrial fatty alcohols, constituting 55% of total exports. It was distantly followed by Malaysia (X tons), generating a 33% share of total exports. Thailand (X tons), the Philippines (X tons), India (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of +29.2%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and India ($X) constituted the countries with the highest levels of exports in 2021, together comprising 90% of total exports. The Philippines, Thailand and Singapore lagged somewhat behind, together comprising a further 8.7%.

The Philippines, with a CAGR of +29.1%, saw the highest growth rate of 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 2021, rising by 53% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Singapore ($X per ton) and India ($X per ton), while Indonesia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.9%), while the other leaders experienced a decline in the export price figures.

Industrial Fatty Alcohols Imports

Imports in Asia

After four years of growth, overseas purchases of industrial fatty alcohols decreased by -2% to X tons in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.4% 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 +41.7% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 19%. Over the period under review, imports attained the peak figure at X tons in 2020, and then reduced in the following year.

In value terms, industrial fatty alcohols imports skyrocketed to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% 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 +55.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the largest importing country with an import of about X tons, which reached 43% of total imports. It was distantly followed by Singapore (X tons), India (X tons), Japan (X tons), South Korea (X tons) and Thailand (X tons), together creating a 45% share of total imports. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to industrial fatty alcohols imports into China stood at +6.9%. At the same time, India (+9.5%), Singapore (+8.6%), South Korea (+7.0%), Japan (+4.9%), Indonesia (+4.3%) and Thailand (+2.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of +9.5% from 2012-2021. From 2012 to 2021, the share of Singapore, India and China increased by +2.6, +2.5 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial fatty alcohols in Asia, comprising 42% of total imports. The second position in the ranking was taken by Singapore ($X), with a 16% share of total imports. It was followed by India, with a 12% share.

In China, industrial fatty alcohols imports increased at an average annual rate of +7.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (+9.0% per year) and India (+8.6% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, rising by 49% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Thailand ($X per ton) and Japan ($X per ton), while South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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