Asia-Pacific: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Asia-Pacific

In 2022, the Asia-Pacific saturated acyclic hydrocarbons market increased by 36% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +76.5% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Saturated Acyclic Hydrocarbons Production in Asia-Pacific

In value terms, saturated acyclic hydrocarbons production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 18%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Saturated Acyclic Hydrocarbons Exports

Exports in Asia-Pacific

After two years of growth, shipments abroad of saturated acyclic hydrocarbons decreased by -67.6% to X tons in 2022. Overall, exports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 177%. As a result, the exports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, saturated acyclic hydrocarbons exports reduced remarkably to $X in 2022. In general, exports showed a slight slump. The most prominent rate of growth was recorded in 2021 when exports increased by 161%. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

South Korea (X tons) and China (X tons) dominates exports structure, together mixing up 76% of total exports. Japan (X tons) held a 6.8% share (based on physical terms) of total exports, which put it in second place, followed by India (4.8%). Taiwan (Chinese) (X tons), Thailand (X tons) and Singapore (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +25.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, South Korea ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, together comprising 84% of total exports.

In terms of the main exporting countries, China, with a CAGR of +22.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, rising by 74% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Singapore ($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 (+3.7%), while the other leaders experienced more modest paces of growth.

Saturated Acyclic Hydrocarbons Imports

Imports in Asia-Pacific

For the seventh year in a row, Asia-Pacific recorded growth in overseas purchases of saturated acyclic hydrocarbons, which increased by 84% to X tons in 2022. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 422% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, saturated acyclic hydrocarbons imports skyrocketed to $X in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 147%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China represented the main importer of saturated acyclic hydrocarbons in Asia-Pacific, with the volume of imports amounting to X tons, which was approx. 79% of total imports in 2022. It was distantly followed by India (X tons), comprising a 16% share of total imports. Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the saturated acyclic hydrocarbons imports, with a CAGR of +63.9% from 2012 to 2022. At the same time, Japan (+51.8%) and India (+37.7%) displayed positive paces of growth. While the share of China (+55 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-11.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported saturated acyclic hydrocarbons in Asia-Pacific, comprising 59% of total imports. The second position in the ranking was taken by India ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +36.3%. The remaining importing countries recorded the following average annual rates of imports growth: India (+27.5% per year) and Japan (+28.1% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, with a decrease of -12.2% against the previous year. Over the period under review, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by 15%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-7.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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