Asia-Pacific: Solid Biofuel Market 2024

Solid Biofuel Market Size in Asia-Pacific

The Asia-Pacific solid biofuel market soared to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Solid Biofuel Production in Asia-Pacific

In value terms, solid biofuel production totaled $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Solid Biofuel Exports

Exports in Asia-Pacific

In 2022, the amount of solid biofuels exported in Asia-Pacific stood at X tons, with an increase of X% compared with 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, solid biofuel exports stood at $X in 2022. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, Vietnam (X tons) was the key exporter of solid biofuels, achieving X% of total exports. It was distantly followed by Indonesia (X tons) and Malaysia (X tons), together making up a X% share of total exports. India (X tons), Thailand (X tons), the Philippines (X tons) and China (X tons) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the solid biofuels exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%), the Philippines (X%), Thailand (X%), India (X%), Indonesia (X%) and China (X%) displayed positive paces of growth. From 2012 to 2022, the share of Vietnam, Malaysia and the Philippines increased by X, X and X percentage points, respectively.

In value terms, Vietnam ($X) remains the largest solid biofuel supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with an X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam stood at X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and China (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, 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 China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Solid Biofuel Imports

Imports in Asia-Pacific

For the seventh consecutive year, Asia-Pacific recorded growth in overseas purchases of solid biofuels, which increased by X% to X tons in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, solid biofuel imports skyrocketed to $X in 2022. In general, imports saw a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Japan (X tons) and South Korea (X tons) prevails in imports structure, together comprising X% of total imports. It was distantly followed by China (X tons), constituting a X% 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 Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest solid biofuel importing markets in Asia-Pacific were Japan ($X), South Korea ($X) and China ($X), together comprising X% of total imports.

In terms of the main importing countries, South Korea, with a CAGR of X%, 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 2022, jumping by X% against the previous year. In general, the import price, however, showed a drastic downturn. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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