Asia-Pacific: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Asia-Pacific

The Asia-Pacific market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid rose sharply to $X in 2022, picking up by 12% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Production of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Asia-Pacific

In value terms, production of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid expanded markedly to $X in 2022 estimated in export price. Overall, production, however, showed a slight downturn. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports in Asia-Pacific

In 2022, the amount of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exported in Asia-Pacific declined remarkably to X tons, which is down by -15.8% against the previous year. In general, exports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 38% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid reduced dramatically to $X in 2022. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) and China (X tons) were the main exporters of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid in 2022, resulting at near 31% and 29% of total exports, respectively. It was distantly followed by Taiwan (Chinese) (X tons), Malaysia (X tons), Vietnam (X tons), India (X tons) and Japan (X tons), together creating a 37% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +60.4%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Japan ($X) were the countries with the highest levels of exports in 2022, with a combined 66% share of total exports. Taiwan (Chinese), Vietnam, Malaysia and India lagged somewhat behind, together accounting for a further 31%.

Vietnam, with a CAGR of +64.9%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, reducing by -1.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 60% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.8%), while the other leaders experienced a decline in the export price figures.

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports in Asia-Pacific

In 2022, the amount of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid imported in Asia-Pacific shrank significantly to X tons, reducing by -20.3% compared with 2021. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by 73%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid declined markedly to $X in 2022. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 104% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons), China (X tons), Thailand (X tons), India (X tons) and South Korea (X tons) was the largest importer of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid in Asia-Pacific, mixing up 66% of total import. It was distantly followed by Vietnam (X tons) and Japan (X tons), together creating an 11% share of total imports. Australia (X tons), the Philippines (X tons), Singapore (X tons), Hong Kong SAR (X tons), Malaysia (X tons) and Myanmar (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +38.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Indonesia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 46% of total imports. India, South Korea, Vietnam, Japan, Australia, Singapore, the Philippines, Hong Kong SAR, Malaysia and Myanmar lagged somewhat behind, together comprising a further 48%.

India, with a CAGR of +35.9%, recorded the highest growth rate of 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-Pacific stood at $X per ton in 2022, stabilizing at the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 50%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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