Asia: Market for Mixed Alkylbenzenes, Mixed Alkylnaphthalenes 2024

Market Size for Mixed Alkylbenzenes, Mixed Alkylnaphthalenes in Asia

The Asian mixed alkylbenzenes, mixed alkylnaphthalenes market skyrocketed to $X in 2021, jumping by 18% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes in Asia

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes production contracted to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 14%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

Exports in Asia

In 2021, the amount of mixed alkylbenzenes, mixed alkylnaphthalenes exported in Asia declined notably to X tons, falling by -23.3% on the previous year. The total export volume increased at an average annual rate of +2.1% 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 2013 when exports increased by 20%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes exports reached $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 19%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Saudi Arabia (X tons), China (X tons), South Korea (X tons), Qatar (X tons) and Taiwan (Chinese) (X tons), together resulting at 84% of total export. It was distantly followed by Thailand (X tons), committing a 6.3% share of total exports. Indonesia (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 main exporting countries, was attained by Thailand (with a CAGR of +64.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 57% share of total exports. Qatar, Taiwan (Chinese), Thailand and Indonesia lagged somewhat behind, together accounting for a further 37%.

Among the main exporting countries, Thailand, with a CAGR of +59.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, rising by 31% against the previous year. Overall, the export price, however, recorded a noticeable decline. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and South Korea ($X per ton), while Saudi Arabia ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-0.6%), while the other leaders experienced a decline in the export price figures.

Imports of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

Imports in Asia

Mixed alkylbenzenes, mixed alkylnaphthalenes imports rose sharply to X tons in 2021, with an increase of 8% compared with 2020. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 18% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes imports surged to $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India was the largest importer of mixed alkylbenzenes, mixed alkylnaphthalenes in Asia, with the volume of imports finishing at X tons, which was approx. 33% of total imports in 2021. Pakistan (X tons) held the second position in the ranking, followed by Vietnam (X tons), Turkey (X tons), China (X tons), the Philippines (X tons) and Indonesia (X tons). All these countries together took approx. 47% share of total imports. South Korea (X tons), Japan (X tons), Bangladesh (X tons), Jordan (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +12.6% from 2012 to 2021. At the same time, the Philippines (+46.4%), Bangladesh (+36.3%), Japan (+18.3%), Pakistan (+14.6%), China (+6.9%), the United Arab Emirates (+5.3%), Vietnam (+2.9%), Turkey (+2.0%) and Jordan (+1.1%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia, with a CAGR of +46.4% from 2012-2021. By contrast, South Korea (-2.6%) and Indonesia (-5.7%) illustrated a downward trend over the same period. While the share of India (+16 p.p.), Pakistan (+6.6 p.p.), the Philippines (+5 p.p.), Japan (+2.2 p.p.) and Bangladesh (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkey (-2.3 p.p.), South Korea (-3.5 p.p.) and Indonesia (-7.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported mixed alkylbenzenes, mixed alkylnaphthalenes in Asia, comprising 32% of total imports. The second position in the ranking was held by Pakistan ($X), with a 12% share of total imports. It was followed by Vietnam, with an 11% share.

In India, mixed alkylbenzenes, mixed alkylnaphthalenes imports expanded at an average annual rate of +9.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Pakistan (+12.1% per year) and Vietnam (+0.8% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, increasing by 30% against the previous year. Over the period under review, the import price, however, recorded a perceptible reduction. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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