Eastern Asia: Aldehydes Cyclic Polymers Market 2024

Aldehydes Cyclic Polymers Market Size in Eastern Asia

The East Asian aldehydes cyclic polymers market shrank remarkably to $X in 2022, falling by -39.8% against the previous year. Over the period under review, consumption, however, enjoyed a strong expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Aldehydes Cyclic Polymers Production in Eastern Asia

In value terms, aldehydes cyclic polymers production declined slightly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 20%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Aldehydes Cyclic Polymers Exports

Exports in Eastern Asia

In 2022, exports of cyclic polymers of aldehydes in Eastern Asia totaled X tons, with an increase of 11% compared with the year before. In general, exports, however, showed a pronounced slump. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, aldehydes cyclic polymers exports soared to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 49% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) represented roughly 98% of total exports in 2022.

China was also the fastest-growing in terms of the cyclic polymers of aldehydes exports, with a CAGR of -2.0% from 2012 to 2022. From 2012 to 2022, the share of China increased by +4.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest aldehydes cyclic polymers supplier in Eastern Asia.

In China, aldehydes cyclic polymers exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, picking up by 19% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 29% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.4% per year.

Aldehydes Cyclic Polymers Imports

Imports in Eastern Asia

After four years of growth, supplies from abroad of cyclic polymers of aldehydes decreased by -73.6% to X tons in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 162% against the previous year. The volume of import peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, aldehydes cyclic polymers imports declined dramatically to $X in 2022. Overall, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 101% against the previous year. The level of import peaked at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

China represented the major importer of cyclic polymers of aldehydes in Eastern Asia, with the volume of imports resulting at X tons, which was approx. 74% of total imports in 2022. It was distantly followed by Japan (X tons), committing a 23% share of total imports. South Korea (X tons) held a relatively small share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of cyclic polymers of aldehydes. At the same time, Japan (+14.2%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +14.2% from 2012-2022. By contrast, South Korea (-16.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan increased by +17 percentage points.

In value terms, the largest aldehydes cyclic polymers importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 99% share of total imports.

Japan, with a CAGR of +11.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, surging by 14% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aldehydes cyclic polymers import price increased by +20.2% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 145% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while China ($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 (+11.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :