Asia: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Asia

In 2022, the Asian saturated acyclic monocarboxylic acids market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Production of Saturated Acyclic Monocarboxylic Acids in Asia

In value terms, saturated acyclic monocarboxylic acids production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports in Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of saturated acyclic monocarboxylic acids, when their volume decreased by X% to X tons. Total exports indicated a remarkable increase from 2012 to 2022: its volume 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, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, saturated acyclic monocarboxylic acids exports contracted modestly to $X in 2022. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

China represented the major exporter of saturated acyclic monocarboxylic acids in Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Singapore (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%), Taiwan (Chinese) (X%), Indonesia (X%) and Saudi Arabia (X%). India (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to saturated acyclic monocarboxylic acids exports from China stood at X%. At the same time, Indonesia (X%), Singapore (X%), Taiwan (Chinese) (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. India and Saudi Arabia experienced a relatively flat trend pattern. From 2012 to 2022, the share of China and Indonesia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest saturated acyclic monocarboxylic acids supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In China, saturated acyclic monocarboxylic acids exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

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

Imports of Saturated Acyclic Monocarboxylic Acids

Imports in Asia

After two years of growth, purchases abroad of saturated acyclic monocarboxylic acids decreased by X% to X tons in 2022. Total imports indicated a notable expansion from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, saturated acyclic monocarboxylic acids imports reached $X in 2022. Overall, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 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

India represented the key importing country with an import of around X tons, which amounted to X% of total imports. China (X tons) ranks second in terms of the total imports with an X% share, followed by Japan (X%), Singapore (X%), Turkey (X%), South Korea (X%), Thailand (X%) and Indonesia (X%). The following importers - Vietnam (X tons), Malaysia (X tons), Taiwan (Chinese) (X tons), the United Arab Emirates (X tons) and Pakistan (X tons) - together made up X% of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), the United Arab Emirates (X%), Pakistan (X%), Singapore (X%), Turkey (X%), Japan (X%), China (X%), Indonesia (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Malaysia, Thailand and Taiwan (Chinese) experienced a relatively flat trend pattern. India (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Singapore, Turkey, South Korea, Indonesia, Thailand, Vietnam, Malaysia, Taiwan (Chinese), the United Arab Emirates and Pakistan lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to 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 stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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