Eastern Asia: Ether Market 2024

Ether Market Size in Eastern Asia

The East Asian ether market dropped significantly to $X in 2022, with a decrease of -18.5% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Ether Production in Eastern Asia

In value terms, ether production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2016 with an increase of 38% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Ether Exports

Exports in Eastern Asia

In 2022, exports of ethers in Eastern Asia skyrocketed to X tons, increasing by 85% compared with 2021. Over the period under review, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ether exports soared to $X in 2022. In general, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the major exporting country with an export of about X tons, which accounted for 61% of total exports. Taiwan (Chinese) (X tons) took a 26% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (11%). Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the ethers exports, with a CAGR of +19.3% from 2012 to 2022. At the same time, South Korea (+11.5%) and Taiwan (Chinese) (+5.7%) displayed positive paces of growth. By contrast, Japan (-2.2%) illustrated a downward trend over the same period. China (+28 p.p.) significantly strengthened its position in terms of the total exports, while Japan and Taiwan (Chinese) saw its share reduced by -5.5% and -21.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ether supplier in Eastern Asia, comprising 73% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 11% share of total exports. It was followed by South Korea, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +12.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+0.9% per year) and South Korea (+10.6% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, falling by -8.2% against the previous year. Overall, the export price saw a perceptible descent. The pace of growth appeared the most rapid in 2021 an increase of 21%. The level of export peaked at $X per ton in 2013; however, from 2014 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 South Korea (-0.8%), while the other leaders experienced a decline in the export price figures.

Ether Imports

Imports in Eastern Asia

Ether imports declined to X tons in 2022, with a decrease of -12.9% against 2021 figures. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 22%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, ether imports rose modestly to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 20%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Japan was the major importer of ethers in Eastern Asia, with the volume of imports reaching X tons, which was near 53% of total imports in 2022. China (X tons) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons) and South Korea (X tons). All these countries together held near 46% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Japan (with a CAGR of +9.8%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported ethers in Eastern Asia, comprising 54% of total imports. The second position in the ranking was taken by China ($X), with a 26% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

In Japan, ether imports expanded at an average annual rate of +7.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (-0.7% per year) and Taiwan (Chinese) (-2.6% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, growing by 21% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 41%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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