Asia-Pacific: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Asia-Pacific

In 2021, the Asia-Pacific industrial monocarboxylic fatty acids market increased by 0.6% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Industrial Monocarboxylic Fatty Acids in Asia-Pacific

In value terms, industrial monocarboxylic fatty acids production dropped modestly to $X in 2021 estimated in export price. In general, production, however, saw a slight slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 22%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports in Asia-Pacific

In 2021, approx. X tons of industrial monocarboxylic fatty acids were exported in Asia-Pacific; growing by 19% on 2020 figures. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 27% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, industrial monocarboxylic fatty acids exports soared to $X in 2021. Over the period under review, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Indonesia (X tons) represented the largest exporter of industrial monocarboxylic fatty acids, achieving 61% of total exports. It was distantly followed by Malaysia (X tons), mixing up a 31% share of total exports. India (X tons) and Thailand (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of +18.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest industrial monocarboxylic fatty acids supplying countries in Asia-Pacific were Indonesia ($X), Malaysia ($X) and India ($X), together accounting for 96% of total exports.

India, with a CAGR of +15.4%, 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

In 2021, the export price in Asia-Pacific amounted to $X per ton, jumping by 56% against the previous year. Export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial monocarboxylic fatty acids export price increased by +83.9% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Industrial Monocarboxylic Fatty Acids

Imports in Asia-Pacific

Industrial monocarboxylic fatty acids imports rose significantly to X tons in 2021, with an increase of 14% against the year before. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +9.5% over the last nine-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 2013 with an increase of 26% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, industrial monocarboxylic fatty acids imports surged to $X in 2021. In general, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), distantly followed by India (X tons), Malaysia (X tons), South Korea (X tons) and Singapore (X tons) were the key importers of industrial monocarboxylic fatty acids, together generating 91% of total imports. The following importers - Japan (X tons) and Australia (X tons) - each recorded a 3.7% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Australia (with a CAGR of +35.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 71% share of total imports. South Korea, Singapore, Japan and Australia lagged somewhat behind, together comprising a further 23%.

Among the main importing countries, Australia, with a CAGR of +24.4%, recorded the highest growth rate of 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-Pacific stood at $X per ton in 2021, increasing by 56% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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