Asia-Pacific: Ionones And Methylionones Market 2024

Ionones And Methylionones Market Size in Asia-Pacific

In 2021, the Asia-Pacific ionones and methylionones market decreased by -1.4% to $X, falling for the third consecutive year after two years of growth. The total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -34.9% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Ionones And Methylionones Production in Asia-Pacific

In value terms, ionones and methylionones production surged to $X in 2021 estimated in export price. In general, production showed tangible growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 17,568%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Ionones And Methylionones Exports

Exports in Asia-Pacific

In 2021, shipments abroad of ionones and methylionones increased by 13% to X tons, rising for the second year in a row after three years of decline. Overall, exports recorded strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 76% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, ionones and methylionones exports soared to $X in 2021. Over the period under review, exports saw a buoyant increase. The pace of growth was the most pronounced in 2015 when exports increased by 56%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China represented the major exporting country with an export of about X tons, which amounted to 73% of total exports. It was distantly followed by India (X tons) and Singapore (X tons), together mixing up a 26% share of total exports. Hong Kong SAR (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +15.0% from 2012 to 2021. At the same time, Hong Kong SAR (+35.7%) and Singapore (+13.8%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +35.7% from 2012-2021. By contrast, India (-2.0%) illustrated a downward trend over the same period. China (+26 p.p.) and Singapore (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -29.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ionones and methylionones supplier in Asia-Pacific, comprising 74% of total exports. The second position in the ranking was taken by India ($X), with an 18% share of total exports. It was followed by Singapore, with a 5.8% share.

In China, ionones and methylionones exports expanded at an average annual rate of +8.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: India (+2.9% per year) and Singapore (+9.3% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, picking up by 4.3% against the previous year. In general, the export price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by 35%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Hong Kong SAR ($X per ton) and India ($X per ton), while Singapore ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.0%), while the other leaders experienced mixed trends in the export price figures.

Ionones And Methylionones Imports

Imports in Asia-Pacific

In 2021, ionones and methylionones imports in Asia-Pacific expanded markedly to X tons, picking up by 5.8% compared with the year before. The total import volume increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 22% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, ionones and methylionones imports rose significantly to $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -29.4% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 33%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main importer of ionones and methylionones, creating 43% of total imports. It was distantly followed by Singapore (X tons), India (X tons) and Indonesia (X tons), together generating a 52% share of total imports. Japan (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +7.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Singapore ($X) and India ($X) were the countries with the highest levels of imports in 2021, together accounting for 88% of total imports.

China, with a CAGR of +7.2%, saw the highest rates of growth with regard to 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

The import price in Asia-Pacific stood at $X per ton in 2021, picking up by 5.9% against the previous year. Overall, the import price, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2018 an increase of 40% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Japan ($X per ton) and India ($X per ton), while Indonesia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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