China: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in China

In 2022, the Chinese market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid was finally on the rise to reach $X after four years of decline. Overall, consumption, however, continues to indicate a significant contraction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in China

In value terms, production of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports from China

In 2022, approx. X tons of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid were exported from China; with an increase of 24% against the year before. Overall, exports posted a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 99%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid reached $X in 2022. Over the period under review, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 191%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Egypt (X tons) was the main destination for exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from China, accounting for a 21% share of total exports. Moreover, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to Egypt exceeded the volume sent to the second major destination, Australia (X tons), fourfold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt totaled +81.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+18.6% per year) and Saudi Arabia (+77.4% per year).

In value terms, Egypt ($X) emerged as the key foreign market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exports from China, comprising 20% of total exports. The second position in the ranking was taken by Mexico ($X), with a 6.9% share of total exports. It was followed by Australia, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt totaled +78.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+37.2% per year) and Australia (+15.0% per year).

Export Prices by Country

In 2022, the average export price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid amounted to $X per ton, reducing by -8.7% against the previous year. Over the period under review, the export price saw a slight decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 46%. 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 remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Mexico ($X per ton) and Pakistan ($X per ton), while the average price for exports to Peru ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports into China

Imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid into China shrank dramatically to X tons in 2022, falling by -50.7% compared with 2021 figures. Over the period under review, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2015 with an increase of 294%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid contracted significantly to $X in 2022. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 258% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to China, with a 43% share of total imports. Moreover, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Japan exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+10.8% per year) and South Korea (-31.5% per year).

In value terms, Japan ($X) constituted the largest supplier of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to China, comprising 49% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 10% share of total imports. It was followed by the United States, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value from Japan stood at +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+10.3% per year) and the United States (+16.1% per year).

Import Prices by Country

In 2022, the average import price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid amounted to $X per ton, rising by 19% against the previous year. Overall, the import price showed a tangible expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 52% against the previous year. Over the period under review, average import 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 importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($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 States (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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