Asia: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Asia

In 2022, the Asian saturated acyclic hydrocarbons market increased by 27% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +48.3% against 2020 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Saturated Acyclic Hydrocarbons Production in Asia

In value terms, saturated acyclic hydrocarbons production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 18%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Saturated Acyclic Hydrocarbons Exports

Exports in Asia

After two years of growth, shipments abroad of saturated acyclic hydrocarbons decreased by -45.2% to X tons in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 128% against the previous year. As a result, the exports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, saturated acyclic hydrocarbons exports shrank markedly to $X in 2022. Over the period under review, exports showed a pronounced descent. The growth pace was the most rapid in 2021 with an increase of 127%. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

In 2022, Kazakhstan (X tons), Saudi Arabia (X tons), South Korea (X tons) and China (X tons) was the main exporter of saturated acyclic hydrocarbons in Asia, constituting 85% of total export. Japan (X tons), Iran (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kazakhstan (with a CAGR of +30.8%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of exports in 2022, with a combined 74% share of total exports.

In terms of the main exporting countries, China, with a CAGR of +22.4%, saw 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

The export price in Asia stood at $X per ton in 2022, increasing by 11% against the previous year. In general, the export price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 an increase of 28% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.3%), while the other leaders experienced mixed trends in the export price figures.

Saturated Acyclic Hydrocarbons Imports

Imports in Asia

For the seventh year in a row, Asia recorded growth in supplies from abroad of saturated acyclic hydrocarbons, which increased by 83% to X tons in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 299%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, saturated acyclic hydrocarbons imports soared to $X in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 111%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the major importer of saturated acyclic hydrocarbons, creating 78% of total imports. It was distantly followed by India (X tons), making up a 16% share of total imports. Japan (X tons) held a minor share of total imports.

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 (+58 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-7.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported saturated acyclic hydrocarbons in Asia, comprising 57% of total imports. The second position in the ranking was held by India ($X), with a 27% share of total imports.

In China, saturated acyclic hydrocarbons imports expanded at an average annual rate of +36.3% over the period from 2012-2022. 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

In 2022, the import price in Asia amounted to $X per ton, shrinking by -13.6% against the previous year. Overall, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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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