Asia-Pacific: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Asia-Pacific

After nine years of growth, the Asia-Pacific oxygen-function amino-compound market decreased by -2.4% to $X in 2021. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Oxygen-Function Amino-Compound Production in Asia-Pacific

In value terms, oxygen-function amino-compound production reduced to $X in 2021 estimated in export price. The total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +72.1% against 2012 indices. The growth pace was the most rapid in 2014 when the production volume increased by 21%. The level of production peaked at $X in 2020, and then reduced slightly in the following year.

Oxygen-Function Amino-Compound Exports

Exports in Asia-Pacific

For the tenth year in a row, Asia-Pacific recorded growth in overseas shipments of oxygen-function amino-compounds, which increased by 8% to X tons in 2021. Overall, exports recorded a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 16%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, oxygen-function amino-compound exports skyrocketed to $X in 2021. In general, exports, however, showed a pronounced slump. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near 85% of total exports in 2021. India (X tons), Malaysia (X tons), Thailand (X tons) and Japan (X tons) took a relatively small share of total exports.

China was also the fastest-growing in terms of the oxygen-function amino-compounds exports, with a CAGR of +14.1% from 2012 to 2021. At the same time, India (+5.4%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. By contrast, Japan (-1.1%) and Malaysia (-4.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +22 percentage points.

In value terms, China ($X) remains the largest oxygen-function amino-compound supplier in Asia-Pacific, comprising 60% of total exports. The second position in the ranking was held by India ($X), with a 13% share of total exports. It was followed by Japan, with a 4.3% share.

In China, oxygen-function amino-compound exports expanded at an average annual rate of +10.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: India (+12.6% per year) and Japan (-1.3% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, with an increase of 6.7% against the previous year. In general, the export price, however, faced a drastic downturn. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.8%), while the other leaders experienced mixed trends in the export price figures.

Oxygen-Function Amino-Compound Imports

Imports in Asia-Pacific

In 2021, the amount of oxygen-function amino-compounds imported in Asia-Pacific declined to X tons, remaining constant against 2020. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% 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 increased by +62.0% against 2012 indices. The pace of growth was the most pronounced in 2020 when imports increased by 16%. As a result, imports reached the peak of X tons, and then reduced slightly in the following year.

In value terms, oxygen-function amino-compound imports expanded slightly to $X in 2021. The total import value increased at an average annual rate of +4.4% 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 2018 with an increase of 22%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

China (X tons) and India (X tons) represented the key importers of oxygen-function amino-compounds in 2021, accounting for approx. 22% and 20% of total imports, respectively. South Korea (X tons) held the next position in the ranking, followed by Japan (X tons), Thailand (X tons) and Vietnam (X tons). All these countries together took near 34% share of total imports. The following importers - Taiwan (Chinese) (X tons), Singapore (X tons), Australia (X tons), Indonesia (X tons), Malaysia (X tons), the Philippines (X tons) and Pakistan (X tons) - together made up 21% 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 Vietnam (with a CAGR of +16.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Japan ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 58% share of total imports. South Korea, Taiwan (Chinese), Thailand, Pakistan, Indonesia, Vietnam, Singapore, Australia, Malaysia and the Philippines lagged somewhat behind, together accounting for a further 39%.

Vietnam, with a CAGR of +12.7%, recorded 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

In 2021, the import price in Asia-Pacific amounted to $X per ton, surging by 5.9% against the previous year. In general, the import price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the import price increased by 7.8%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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