Asia-Pacific: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in Asia-Pacific

In 2020, the Asia-Pacific acyclic hydrocarbons market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, recorded a slight setback. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. The level of consumption peaked at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Acyclic Hydrocarbons Production in Asia-Pacific

In value terms, acyclic hydrocarbons production contracted to $X in 2020 estimated in export prices. Overall, production, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2010 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Production By Country in Asia-Pacific

The countries with the highest volumes of acyclic hydrocarbons production in 2020 were Japan (X tons), China (X tons) and South Korea (X tons), with a combined X% share of total production. These countries were followed by India, Indonesia, Thailand and Malaysia, which together accounted for a further X 2007 to 2020, the biggest increases were in Malaysia, while acyclic hydrocarbons production for the other leaders experienced more modest paces of growth.

Acyclic Hydrocarbons Exports

Exports in Asia-Pacific

In 2020, shipments abroad of acyclic hydrocarbons decreased by -X% to X tons for the first time since 2015, thus ending a four-year rising trend. Total exports indicated a notable increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tons in 2019, and then contracted in the following year.

In value terms, acyclic hydrocarbons exports fell markedly to $X in 2020. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

South Korea represented the major exporting country with an export of around X tons, which recorded X% of total exports. India (X tons) held the second position in the ranking, followed by Japan (X tons), Singapore (X tons), Malaysia (X tons) and Thailand (X tons). All these countries together held near X% share of total exports. China (X tons) took a little share of total exports.

From 2007 to 2020, the biggest increases were in India, while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the largest acyclic hydrocarbons supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In South Korea, acyclic hydrocarbons exports contracted by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: India (+X% per year) and Japan (+X% per year).

Export Prices by Country

In 2020, the acyclic hydrocarbons export price in Asia-Pacific amounted to $X per ton, waning by -X% against the previous year. Overall, the export price saw a noticeable contraction. The growth pace was the most rapid in 2010 when the export price increased by X% y-o-y. Over the period under review, export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the export price figures.

Acyclic Hydrocarbons Imports

Imports in Asia-Pacific

In 2020, acyclic hydrocarbons imports in Asia-Pacific reached X tons, with an increase of X% against 2019. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. The volume of import peaked in 2020 and is likely to see steady growth in years to come.

In value terms, acyclic hydrocarbons imports declined to $X in 2020. Total imports indicated temperate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X tons) was the largest importer of acyclic hydrocarbons, committing X% of total imports. It was distantly followed by India (X tons), South Korea (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons), together creating a X% share of total imports. The following importers - Japan (X tons) and Malaysia (X tons) - each reached a X% share of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2020. At the same time, India (+X%), South Korea (+X%), Indonesia (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +X% from 2007-2020. Japan and Singapore experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China and India increased by +X% and +X% percentage points, while Japan (-X p.p.), Singapore (-X p.p.) and Taiwan (Chinese) (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported acyclic hydrocarbons in Asia-Pacific, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by India, with a X% share.

In China, acyclic hydrocarbons imports increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and India (+X% per year).

Import Prices by Country

The acyclic hydrocarbons import price in Asia-Pacific stood at $X per ton in 2020, falling by -X% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2010 when the import price increased by X% y-o-y. The level of import peaked at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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