Asia: Naphthenic Acids Market 2020

Naphthenic Acids Market Size in Asia

The revenue of the naphthenic acids market in Asia amounted to $X in 2017, standing approx. at the previous year. The naphthenic acids consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, with an increase of X% y-o-y. Over the period under review, the naphthenic acids market attained its maximum level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Naphthenic Acids Production in Asia

The naphthenic acids production stood at X tons in 2017, going up by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013, with an increase of X% y-o-y. Over the period under review, the naphthenic acids production reached its peak figure volume in 2017, and is likely to see steady growth in the near future.

Naphthenic Acids Exports in Asia

In 2017, the amount of naphthenic acids, their water-insoluble salts and their esters exported in Asia amounted to X tons, going down by -X% against the previous year. The naphthenic acids exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013, when exports increased by X% year-to-year. Over the period under review, the naphthenic acids exports reached its maximum volume of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, naphthenic acids exports stood at $X in 2017. The total exports indicated a mild growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the naphthenic acids exports decreased by -X% against 2014 indices. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Naphthenic Acids Exports by Country in Asia

China prevails in naphthenic acids exports structure, resulting at X tons, which was near X% of total exports in 2017. It was distantly followed by Malaysia (X tons), Japan (X tons), South Korea (X tons) and India (X tons), together generating X% share of total exports. The following exporters - Singapore (X tons) and Taiwan, Chinese (X tons) together made up X% of total exports.

From 2007 to 2017, average annual rates of growth with regard to naphthenic acids exports from China stood at +X%. At the same time, India (+X%), Singapore (+X%) and Taiwan, Chinese (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. Japan, Malaysia and South Korea experienced a relatively flat trend pattern. From 2007 to 2017, the share of Singapore, India and China decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and Taiwan, Chinese ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of total exports. South Korea, Singapore, Malaysia and India lagged somewhat behind, together comprising a further X%.

Among the main exporting countries , India (+X% per year) experienced the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Naphthenic Acids Export Prices by Country in Asia

In 2017, the naphthenic acids export price in Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2012, when the export prices increased by X% y-o-y. In that year, the export prices for naphthenic acids, their water-insoluble salts and their esters attained their peak level of $X per ton. From 2013 to 2017, growth of the export prices for naphthenic acids, their water-insoluble salts and their esters failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Japan ($X per kg), while India ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

Naphthenic Acids Imports in Asia

In 2017, approx. X tons of naphthenic acids, their water-insoluble salts and their esters were imported in Asia; leveling off at the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2010, when imports increased by X% y-o-y. The volume of imports peaked of X tons in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, naphthenic acids imports amounted to $X in 2017. The total imports indicated a temperate increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the naphthenic acids imports attained its maximum level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Naphthenic Acids Imports by Country in Asia

In 2017, China (X tons) was the main importer for naphthenic acids, their water-insoluble salts and their esters, mixed up X% of total imports. Japan (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by South Korea (X%), India (X%), Taiwan, Chinese (X%) and Turkey (X%). Thailand (X tons), the United Arab Emirates (X tons), Malaysia (X tons), Saudi Arabia (X tons), Vietnam (X tons) and China, Hong Kong SAR (X tons) took the slight share of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2017. At the same time, India (+X%), Vietnam (+X%), Saudi Arabia (+X%), Turkey (+X%), Japan (+X%), the United Arab Emirates (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest growing importer in Asia, with a CAGR of +X% from 2007-2017. Taiwan, Chinese experienced a relatively flat trend pattern. By contrast, South Korea (-X%), China, Hong Kong SAR (-X%) and Thailand (-X%) illustrated a downward trend over the same period. South Korea (X%) significantly strengthened its position in terms of the global imports, while Vietnam, Turkey, Japan, India and China saw its share reduced by -X%, -X%, -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported naphthenic acids, their water-insoluble salts and their esters in Asia, making up X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports. It was followed by Taiwan, Chinese, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China totaled +X%. In the other countries, the average annual rates were as follows: South Korea (-X% per year) and Taiwan, Chinese (-X% per year).

Naphthenic Acids Import Prices by Country in Asia

In 2017, the naphthenic acids import price in Asia amounted to $X per ton, surging by X% against the previous year. The naphthenic acids import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. Over the period under review, the import prices for naphthenic acids, their water-insoluble salts and their esters attained its maximum level of $X per ton in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Taiwan, Chinese ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China, Hong Kong SAR (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform