Asia-Pacific: Ether Market 2024

Ether Market Size in Asia-Pacific

The Asia-Pacific ether market reduced to $X in 2022, falling by -13.4% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Ether Production in Asia-Pacific

In value terms, ether production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 38% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Ether Exports

Exports in Asia-Pacific

In 2022, exports of ethers in Asia-Pacific soared to X tons, picking up by 53% on the previous year's figure. Overall, exports recorded a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ether exports surged to $X in 2022. In general, exports continue to indicate a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X tons) represented the main exporter of ethers, comprising 41% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), India (X tons), Singapore (X tons), South Korea (X tons) and Malaysia (X tons), together achieving a 53% share of total exports. Thailand (X tons) took a minor share of total exports.

China was also the fastest-growing in terms of the ethers exports, with a CAGR of +19.3% from 2012 to 2022. At the same time, South Korea (+11.5%), Thailand (+9.3%), India (+8.9%), Taiwan (Chinese) (+5.7%) and Malaysia (+3.0%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. While the share of China (+24 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-4 p.p.), Taiwan (Chinese) (-6.5 p.p.) and Singapore (-13.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ether supplier in Asia-Pacific, comprising 51% of total exports. The second position in the ranking was held by India ($X), with a 14% share of total exports. It was followed by Singapore, with an 8.1% share.

In China, ether exports expanded at an average annual rate of +12.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+8.3% per year) and Singapore (+0.5% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 an increase of 24%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.8%), while the other leaders experienced mixed trends in the export price figures.

Ether Imports

Imports in Asia-Pacific

In 2022, approx. X tons of ethers were imported in Asia-Pacific; with an increase of 7.9% against the previous year. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 8.7%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, ether imports surged to $X in 2022. The total import value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Singapore (X tons) and Japan (X tons) were the largest importers of ethers in Asia-Pacific, together accounting for approx. 59% of total imports. China (X tons) held the next position in the ranking, distantly followed by Malaysia (X tons) and Taiwan (Chinese) (X tons). All these countries together held approx. 30% share of total imports. The following importers - South Korea (X tons) and India (X tons) - each recorded a 5.3% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Malaysia (with a CAGR of +10.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Singapore ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 72% share of total imports.

Japan, with a CAGR of +7.6%, saw the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, jumping by 17% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 39% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 India ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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