Eastern Asia: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Eastern Asia

After four years of growth, the East Asian aromatic hydrocarbons derivatives market decreased by -5.3% to $X in 2021. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then fell in the following year.

Aromatic Hydrocarbons Derivatives Production in Eastern Asia

In value terms, aromatic hydrocarbons derivatives production rose slightly to $X in 2021 estimated in export price. Overall, production enjoyed a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 27% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Aromatic Hydrocarbons Derivatives Exports

Exports in Eastern Asia

In 2021, exports of halogenated derivatives of aromatic hydrocarbons in Eastern Asia skyrocketed to X tons, with an increase of 18% compared with the year before. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aromatic hydrocarbons derivatives exports soared to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained 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 finished at 73% of total exports. Japan (X tons) ranks second in terms of the total exports with a 16% share, followed by South Korea (11%).

From 2012 to 2021, average annual rates of growth with regard to aromatic hydrocarbons derivatives exports from China stood at +3.0%. At the same time, South Korea (+14.0%) and Japan (+2.9%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +14.0% from 2012-2021. From 2012 to 2021, the share of South Korea increased by +6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest aromatic hydrocarbons derivatives supplier in Eastern Asia, comprising 82% of total exports. The second position in the ranking was held by Japan ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China amounted to +5.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+2.4% per year) and South Korea (+15.3% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, rising by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Aromatic Hydrocarbons Derivatives Imports

Imports in Eastern Asia

In 2021, purchases abroad of halogenated derivatives of aromatic hydrocarbons was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, aromatic hydrocarbons derivatives imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced downturn. The growth pace was the most rapid in 2018 when imports increased by 20% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) was the main importer of halogenated derivatives of aromatic hydrocarbons, achieving 67% of total imports. It was distantly followed by China (X tons) and South Korea (X tons), together committing a 31% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Japan was also the fastest-growing in terms of the halogenated derivatives of aromatic hydrocarbons imports, with a CAGR of +4.4% from 2012 to 2021. At the same time, China (+2.4%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-13.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan increased by +10 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2021, with a combined 81% share of total imports.

China, with a CAGR of +6.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, reducing by -12.4% against the previous year. In general, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 an increase of 20%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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