Asia: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Asia

In 2021, after nine years of growth, there was decline in the Asian oxygen-function amino-compound market, when its value decreased by -2.1% to $X. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped in the following year.

Oxygen-Function Amino-Compound Production in Asia

In value terms, oxygen-function amino-compound production dropped to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +73.4% against 2012 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2020, and then shrank modestly in the following year.

Oxygen-Function Amino-Compound Exports

Exports in Asia

For the tenth consecutive year, Asia recorded growth in shipments abroad of oxygen-function amino-compounds, which increased by 6.5% to X tons in 2021. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 25% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, oxygen-function amino-compound exports surged to $X in 2021. Overall, exports, however, recorded a slight slump. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China represented the largest exporting country with an export of around X tons, which amounted to 72% of total exports. It was distantly followed by Saudi Arabia (X tons), generating a 14% share of total exports. India (X tons), Malaysia (X tons), Thailand (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to oxygen-function amino-compound exports from China stood at +14.1%. At the same time, Saudi Arabia (+17.6%) and India (+5.4%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +17.6% from 2012-2021. Thailand experienced a relatively flat trend pattern. By contrast, Japan (-1.1%) and Malaysia (-4.0%) illustrated a downward trend over the same period. China (+17 p.p.) and Saudi Arabia (+5.8 p.p.) significantly strengthened its position in terms of the total exports, while India, Japan, Thailand and Malaysia saw its share reduced by -1.9%, -2.7%, -3.6% and -6.6% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest oxygen-function amino-compound supplier in Asia, comprising 57% of total exports. The second position in the ranking was taken by India ($X), with a 12% share of total exports. It was followed by Japan, with a 4.1% share.

In China, oxygen-function amino-compound exports expanded at an average annual rate of +10.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+12.6% per year) and Japan (-1.3% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, growing by 8.4% against the previous year. In general, the export price, however, continues to indicate a deep reduction. 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 stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.8%), while the other leaders experienced mixed trends in the export price figures.

Oxygen-Function Amino-Compound Imports

Imports in Asia

In 2021, the amount of oxygen-function amino-compounds imported in Asia fell modestly to X tons, approximately reflecting 2020 figures. The total import volume increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, imports reached the peak of X tons, and then shrank slightly in the following year.

In value terms, oxygen-function amino-compound imports rose modestly to $X in 2021. The total import value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

China (X tons) and India (X tons) represented roughly 38% of total imports in 2021. South Korea (X tons) ranks next in terms of the total imports with an 8.9% share, followed by Japan (8.7%), Thailand (6.7%) and Vietnam (6.2%). Turkey (X tons), Taiwan (Chinese) (X tons), Singapore (X tons), the United Arab Emirates (X tons), Indonesia (X tons), Malaysia (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +16.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest oxygen-function amino-compound importing markets in Asia were India ($X), Japan ($X) and China ($X), together comprising 53% of total imports. South Korea, Turkey, Taiwan (Chinese), Thailand, Indonesia, Vietnam, Singapore, the United Arab Emirates, Malaysia and the Philippines lagged somewhat behind, together accounting for a further 36%.

Among the main importing countries, Vietnam, with a CAGR of +12.7%, saw the highest rates of growth with regard to the value of imports, 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, with an increase of 5.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, 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 Japan ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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