China: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in China

The Chinese acrylic acid esters market totaled $X in 2022, increasing by 5% against the previous year. Over the period under review, consumption showed a resilient expansion. Acrylic acid esters consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Acrylic Acid Esters Production in China

In value terms, acrylic acid esters production expanded to $X in 2022 estimated in export price. Overall, production saw a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. Acrylic acid esters production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Acrylic Acid Esters Exports

Exports from China

In 2022, acrylic acid esters exports from China fell significantly to X tons, dropping by -28.6% on 2021 figures. In general, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 250%. As a result, the exports attained the peak of X tons, and then declined sharply in the following year.

In value terms, acrylic acid esters exports declined notably to $X in 2022. Over the period under review, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by 430%. As a result, the exports attained the peak of $X, and then declined rapidly in the following year.

Exports by Country

India (X tons), Turkey (X tons) and Belgium (X tons) were the main destinations of acrylic acid esters exports from China, together comprising 50% of total exports. South Korea, Malaysia, Vietnam, Brazil, Egypt, Indonesia, the Netherlands, the United States, Japan and Pakistan lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +60.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Turkey ($X) and Belgium ($X) appeared to be the largest markets for acrylic acid esters exported from China worldwide, together comprising 45% of total exports. South Korea, Malaysia, Brazil, Vietnam, the Netherlands, Japan, Indonesia, Egypt, the United States and Pakistan lagged somewhat behind, together accounting for a further 33%.

Egypt, with a CAGR of +58.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average acrylic acid esters export price amounted to $X per ton, waning by -10.1% against the previous year. In general, the export price recorded a noticeable slump. The growth pace was the most rapid in 2021 when the average export price increased by 51%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Malaysia ($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 (+2.1%), while the prices for the other major destinations experienced a decline.

Acrylic Acid Esters Imports

Imports into China

In 2022, acrylic acid esters imports into China expanded remarkably to X tons, increasing by 10% against 2021. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, acrylic acid esters imports fell to $X in 2022. Overall, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 +53.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Malaysia (X tons), South Korea (X tons) and Russia (X tons) were the main suppliers of acrylic acid esters imports to China, with a combined 68% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +20.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Malaysia ($X) and Belgium ($X) appeared to be the largest acrylic acid esters suppliers to China, together comprising 60% of total imports. Japan, Germany, Russia and the United States lagged somewhat behind, together comprising a further 30%.

Russia, with a CAGR of +14.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average acrylic acid esters import price stood at $X per ton in 2022, falling by -15.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2017 when the average import price increased by 41%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Russia ($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 (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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