Asia: Ionones And Methylionones Market 2024

Ionones And Methylionones Market Size in Asia

In 2021, the Asian ionones and methylionones market decreased by -0.2% to $X, falling for the third year in a row after two years of growth. The total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% 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 decreased by -31.0% against 2018 indices. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Ionones And Methylionones Production in Asia

In value terms, ionones and methylionones production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 688% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Ionones And Methylionones Exports

Exports in Asia

In 2021, shipments abroad of ionones and methylionones increased by 13% to X tons, rising for the second consecutive year after three years of decline. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 76% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, ionones and methylionones exports surged to $X in 2021. Overall, exports recorded resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of 56%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, China (X tons) represented the largest exporter of ionones and methylionones, mixing up 73% of total exports. India (X tons) took the second position in the ranking, distantly followed by Singapore (X tons). All these countries together held approx. 26% share of total exports. Hong Kong SAR (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +15.0% from 2012 to 2021. At the same time, Hong Kong SAR (+35.7%) and Singapore (+13.8%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia, with a CAGR of +35.7% from 2012-2021. By contrast, India (-2.0%) illustrated a downward trend over the same period. While the share of China (+26 p.p.) and Singapore (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-29.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ionones and methylionones supplier in Asia, comprising 74% of total exports. The second position in the ranking was held by India ($X), with an 18% share of total exports. It was followed by Singapore, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +8.3%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+2.9% per year) and Singapore (+9.3% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, increasing by 3.8% against the previous year. Overall, the export price, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2018 an increase of 33% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.0%), while the other leaders experienced mixed trends in the export price figures.

Ionones And Methylionones Imports

Imports in Asia

In 2021, ionones and methylionones imports in Asia expanded markedly to X tons, with an increase of 5.9% compared with 2020 figures. The total import volume increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 23%. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, ionones and methylionones imports expanded remarkably to $X in 2021. Total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -29.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China represented the largest importing country with an import of around X tons, which recorded 42% of total imports. Singapore (X tons) held the second position in the ranking, distantly followed by India (X tons) and Indonesia (X tons). All these countries together held near 51% share of total imports. The following importers - Japan (X tons) and Turkey (X tons) - each recorded a 3.8% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +11.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ionones and methylionones importing markets in Asia were China ($X), Singapore ($X) and India ($X), together accounting for 86% of total imports. These countries were followed by Indonesia, Japan and Turkey, which together accounted for a further 10%.

Turkey, with a CAGR of +11.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, picking up by 5.9% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when the import price increased by 40%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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