China: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2025

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in China

The Chinese market for palmitic acid, stearic acid, their salts and esters contracted modestly to $X in 2021, with a decrease of -4.8% against the previous year. In general, consumption, however, showed a noticeable setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in China

In value terms, production of palmitic acid, stearic acid, their salts and esters reduced to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 19% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from China

In 2021, shipments abroad of palmitic acid, stearic acid, their salts and esters was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, faced a abrupt curtailment. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of palmitic acid, stearic acid, their salts and esters soared to $X in 2021. Over the period under review, exports, however, showed a drastic downturn. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for exports of palmitic acid, stearic acid, their salts and esters from China, accounting for a 25% share of total exports. Moreover, exports of palmitic acid, stearic acid, their salts and esters to Japan exceeded the volume sent to the second major destination, Thailand (X tons), twofold. Vietnam (X tons) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume to Japan stood at -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+6.8% per year) and Vietnam (-9.8% per year).

In value terms, Japan ($X) remains the key foreign market for palmitic acid, stearic acid, their salts and esters exports from China, comprising 27% of total exports. The second position in the ranking was taken by Thailand ($X), with a 9.5% share of total exports. It was followed by Vietnam, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+8.5% per year) and Vietnam (-5.0% per year).

Export Prices by Country

In 2021, the average export price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, picking up by 18% against the previous year. In general, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for palmitic acid, stearic acid, their salts and esters increased by +55.7% against 2017 indices. The growth pace was the most rapid in 2020 when the average export price increased by 32%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into China

Imports of palmitic acid, stearic acid, their salts and esters into China soared to X tons in 2021, jumping by 38% compared with the year before. Over the period under review, imports saw a moderate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of palmitic acid, stearic acid, their salts and esters soared to $X in 2021. In general, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +101.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X tons), Malaysia (X tons) and Singapore (X tons) were the main suppliers of imports of palmitic acid, stearic acid, their salts and esters to China, together accounting for 91% of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +11.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X), Malaysia ($X) and Japan ($X) constituted the largest palmitic acid, stearic acid, their salts and esters suppliers to China, together accounting for 78% of total imports.

Indonesia, with a CAGR of +13.2%, saw the highest rates of growth with regard to the value of imports, among 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 import price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, rising by 33% against the previous year. In general, the import price, however, saw a mild setback. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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