China: Buta-1,3-Diene And Isoprene Market 2024

Buta-1,3-Diene And Isoprene Market Size in China

The Chinese buta-1,3-diene and isoprene market reduced to $X in 2022, flattening at the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Buta-1,3-Diene And Isoprene Production in China

In value terms, buta-1,3-diene and isoprene production totaled $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 34%. Buta-1,3-diene and isoprene production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Buta-1,3-Diene And Isoprene Exports

Exports from China

In 2022, overseas shipments of buta-1,3-diene and isoprene decreased by -22.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw measured growth. The most prominent rate of growth was recorded in 2021 when exports increased by 499% against the previous year. As a result, the exports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, buta-1,3-diene and isoprene exports fell to $X in 2022. Over the period under review, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 560% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for buta-1,3-diene and isoprene exports from China, with a 51% share of total exports. Moreover, buta-1,3-diene and isoprene exports to South Korea exceeded the volume sent to the second major destination, the United States (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to South Korea totaled +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.2% per year) and Italy (-3.6% per year).

In value terms, South Korea ($X), the United States ($X) and Italy ($X) appeared to be the largest markets for buta-1,3-diene and isoprene exported from China worldwide, with a combined 79% share of total exports.

South Korea, with a CAGR of +1.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average buta-1,3-diene and isoprene export price stood at $X per ton in 2022, growing by 15% against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-5.1%), while the prices for the other major destinations experienced a decline.

Buta-1,3-Diene And Isoprene Imports

Imports into China

Buta-1,3-diene and isoprene imports into China shrank significantly to X tons in 2022, waning by -31.9% against the previous year's figure. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2015 when imports increased by 37%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, buta-1,3-diene and isoprene imports declined dramatically to $X in 2022. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 96% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X tons), Iran (X tons) and Malaysia (X tons) were the main suppliers of buta-1,3-diene and isoprene imports to China, together accounting for 71% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +8.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest buta-1,3-diene and isoprene suppliers to China were South Korea ($X), Iran ($X) and Malaysia ($X), together accounting for 73% of total imports. Thailand, Singapore, the Philippines, India, the Netherlands, Japan and Saudi Arabia lagged somewhat behind, together accounting for a further 22%.

The Philippines, with a CAGR of 0.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average buta-1,3-diene and isoprene import price stood at $X per ton in 2022, reducing by -2.8% against the previous year. In general, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 73% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Iran ($X per ton) and Thailand ($X per ton), while the price for India ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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