Eastern Asia: Market for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function 2024

Market Size for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Eastern Asia

In 2022, the East Asian market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function decreased by -3.4% to $X, falling for the second year in a row after seven years of growth. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Eastern Asia

In value terms, butanal butanal and acyclic aldehydes production reduced modestly to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Exports in Eastern Asia

After ten years of growth, shipments abroad of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function decreased by -16.7% to X tons in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, the exports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, butanal butanal and acyclic aldehydes exports declined to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

In 2022, China (X tons) represented the largest exporter of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function, achieving 77% of total exports. Taiwan (Chinese) (X tons) ranks second in terms of the total exports with a 14% share, followed by Japan (9.4%).

China was also the fastest-growing in terms of the butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function exports, with a CAGR of +9.4% from 2012 to 2022. At the same time, Taiwan (Chinese) (+3.8%) and Japan (+3.4%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by +11 percentage points.

In value terms, China ($X) remains the largest butanal butanal and acyclic aldehydes supplier in Eastern Asia, comprising 70% of total exports. The second position in the ranking was held by Japan ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +8.8%. In the other countries, the average annual rates were as follows: Japan (+2.2% per year) and Taiwan (Chinese) (+2.8% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, growing by 8.6% against the previous year. Over the period under review, the export price, however, recorded a slight decline. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.6%), while the other leaders experienced a decline in the export price figures.

Imports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Imports in Eastern Asia

In 2022, supplies from abroad of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function decreased by -33.5% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. As a result, imports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, butanal butanal and acyclic aldehydes imports reduced remarkably to $X in 2022. Overall, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China was the main importing country with an import of around X tons, which finished at 72% of total imports. Japan (X tons) took the second position in the ranking, followed by South Korea (X tons) and Taiwan (Chinese) (X tons). All these countries together held near 28% share of total imports.

Imports into China decreased at an average annual rate of -3.5% from 2012 to 2022. Taiwan (Chinese) and Japan experienced a relatively flat trend pattern. South Korea (-4.6%) illustrated a downward trend over the same period. While the share of Japan (+2.4 p.p.) and Taiwan (Chinese) (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (-1.8 p.p.) and China (-2.5 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function in Eastern Asia, comprising 77% of total imports. The second position in the ranking was held by Japan ($X), with a 12% share of total imports. It was followed by South Korea, with a 7% share.

In China, butanal butanal and acyclic aldehydes imports shrank by an average annual rate of -2.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-1.5% per year) and South Korea (-4.0% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, increasing by 24% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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