Eastern Asia: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in Eastern Asia

The East Asian acyclic hydrocarbons market was estimated at $X in 2020, stabilizing at the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Acyclic Hydrocarbons Production in Eastern Asia

In value terms, acyclic hydrocarbons production shrank slightly to $X in 2020 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The level of production peaked at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

Production By Country in Eastern Asia

The countries with the highest volumes of acyclic hydrocarbons production in 2020 were Japan (X tons), China (X tons) and South Korea (X tons), with a combined X% share of total production.

From 2007 to 2020, the most notable rate of growth in terms of acyclic hydrocarbons production, amongst the leading producing countries, was attained by South Korea, while acyclic hydrocarbons production for the other leaders experienced more modest paces of growth.

Acyclic Hydrocarbons Exports

Exports in Eastern Asia

In 2020, the amount of acyclic hydrocarbons exported in Eastern Asia reduced to X tons, which is down by -X% against 2019 figures. Total exports indicated a notable increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. The volume of export peaked at X tons in 2019, and then fell in the following year.

In value terms, acyclic hydrocarbons exports declined remarkably to $X in 2020. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. The level of export peaked at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

South Korea represented the major exporter of acyclic hydrocarbons in Eastern Asia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2020. It was distantly followed by Japan (X tons), comprising a X% share of total exports. China (X tons) held a minor share of total exports.

From 2007 to 2020, average annual rates of growth with regard to acyclic hydrocarbons exports from South Korea stood at +X%. At the same time, Japan (+X%) and China (+X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2007-2020. While the share of Japan (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of South Korea (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest acyclic hydrocarbons supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports.

In South Korea, acyclic hydrocarbons exports plunged by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Japan (+X% per year) and China (-X% per year).

Export Prices by Country

In 2020, the acyclic hydrocarbons export price in Eastern Asia amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the export price saw a pronounced downturn. The most prominent rate of growth was recorded in 2010 when the export price increased by X% against the previous year. Over the period under review, export prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the export price figures.

Acyclic Hydrocarbons Imports

Imports in Eastern Asia

In 2020, imports of acyclic hydrocarbons in Eastern Asia amounted to X tons, stabilizing at 2019 figures. In general, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, acyclic hydrocarbons imports contracted rapidly to $X in 2020. Overall, imports recorded a moderate increase. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X tons) was the largest importer of acyclic hydrocarbons, achieving X% of total imports. South Korea (X tons) occupied the second position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together occupied near X% share of total imports. Japan (X tons) took a little share of total imports.

China was also the fastest-growing in terms of the acyclic hydrocarbons imports, with a CAGR of +X% from 2007 to 2020. At the same time, South Korea (+X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China increased by +X% percentage points, while Japan (-X p.p.) and Taiwan (Chinese) (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported acyclic hydrocarbons in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in China totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Taiwan (Chinese) (-X% per year).

Import Prices by Country

In 2020, the acyclic hydrocarbons import price in Eastern Asia amounted to $X per ton, falling by -X% against the previous year. In general, the import price continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2010 when the import price increased by X% y-o-y. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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