Asia: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Asia

The Asian polyphenols and phenol-alcohols market surged to $X in 2022, growing by 63% against the previous year. Overall, consumption showed prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polyphenols And Phenol-Alcohols Production in Asia

In value terms, polyphenols and phenol-alcohols production declined slightly to $X in 2022 estimated in export price. In general, production showed a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 34%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports in Asia

In 2022, approx. X tons of polyphenols and phenol-alcohols were exported in Asia; waning by -5.7% compared with 2021 figures. Total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +3.7% against 2020 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 35% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyphenols and phenol-alcohols exports amounted to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +15.6% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by 33%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Japan was the largest exporting country with an export of around X tons, which accounted for 50% of total exports. China (X tons) held a 22% share (based on physical terms) of total exports, which put it in second place, followed by India (20%). South Korea (X tons) and Taiwan (Chinese) (X tons) took a relatively small share of total exports.

Japan experienced a relatively flat trend pattern with regard to volume of exports of polyphenols and phenol-alcohols. At the same time, China (+10.9%), India (+10.1%) and South Korea (+2.5%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of +10.9% from 2012-2022. By contrast, Taiwan (Chinese) (-5.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and India increased by +11 and +9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest polyphenols and phenol-alcohols supplying countries in Asia were Japan ($X), China ($X) and India ($X), with a combined 92% share of total exports.

Among the main exporting countries, China, with a CAGR of +11.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, rising by 8.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2018 an increase of 23% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, 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 Japan (+3.1%), while the other leaders experienced more modest paces of growth.

Polyphenols And Phenol-Alcohols Imports

Imports in Asia

In 2022, approx. X tons of polyphenols and phenol-alcohols were imported in Asia; declining by -3.4% against 2021. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 28%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols imports expanded notably to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.7% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 27%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) was the main importer of polyphenols and phenol-alcohols, achieving 38% of total imports. India (X tons) held the second position in the ranking, distantly followed by South Korea (X tons) and Japan (X tons). All these countries together took approx. 45% share of total imports. The following importers - Indonesia (X tons), Saudi Arabia (X tons) and Taiwan (Chinese) (X tons) - together made up 8.4% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Saudi Arabia (with a CAGR of +16.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyphenols and phenol-alcohols importing markets in Asia were China ($X), India ($X) and South Korea ($X), with a combined 66% share of total imports. Japan, Indonesia, Taiwan (Chinese) and Saudi Arabia lagged somewhat behind, together comprising a further 23%.

Saudi Arabia, with a CAGR of +19.1%, saw the highest rates of growth with regard to the value of imports, among 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 2022, the import price in Asia amounted to $X per ton, rising by 9.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 an increase of 19% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while China ($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 (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :