Eastern Asia: Market for Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons 2024

Market Size for Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons in Eastern Asia

The East Asian cyclanic, cyclenic hydrocarbons derivatives market surged to $X in 2022, growing by 38% against the previous year. Over the period under review, consumption, however, recorded a perceptible decline. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons in Eastern Asia

In value terms, cyclanic, cyclenic hydrocarbons derivatives production amounted to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 -0.6% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 16% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

Exports in Eastern Asia

In 2022, the amount of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons exported in Eastern Asia reduced slightly to X tons, with a decrease of -4.4% compared with the previous year. Over the period under review, exports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, cyclanic, cyclenic hydrocarbons derivatives exports rose to $X in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 25%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Japan represented the main exporter of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons in Eastern Asia, with the volume of exports resulting at X tons, which was approx. 65% of total exports in 2022. It was distantly followed by China (X tons), comprising a 32% share of total exports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cyclanic, cyclenic hydrocarbons derivatives exports from Japan stood at +2.5%. At the same time, Taiwan (Chinese) (+52.8%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +52.8% from 2012-2022. By contrast, China (-9.7%) illustrated a downward trend over the same period. Japan (+29 p.p.) and Taiwan (Chinese) (+2.5 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -31.6% from 2012 to 2022, respectively.

In value terms, the largest cyclanic, cyclenic hydrocarbons derivatives supplying countries in Eastern Asia were China ($X), Japan ($X) and Taiwan (Chinese) ($X), together accounting for 97% of total exports.

Taiwan (Chinese), with a CAGR of +52.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, rising by 7.6% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cyclanic, cyclenic hydrocarbons derivatives export price decreased by -8.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 19%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Japan ($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 (+6.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

Imports in Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in purchases abroad of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons, which increased by 7.7% to X tons in 2022. In general, imports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cyclanic, cyclenic hydrocarbons derivatives imports expanded notably to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.1% against 2015 indices. The pace of growth appeared the most rapid in 2016 with an increase of 21% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

China represented the major importer of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons in Eastern Asia, with the volume of imports accounting for X tons, which was approx. 70% of total imports in 2022. Japan (X tons) took the second position in the ranking, followed by Taiwan (Chinese) (X tons) and South Korea (X tons). All these countries together took near 29% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cyclanic, cyclenic hydrocarbons derivatives imports into China stood at -2.2%. At the same time, Taiwan (Chinese) (+3.2%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +3.2% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, South Korea (-12.9%) illustrated a downward trend over the same period. While the share of China (+4 p.p.), Taiwan (Chinese) (+3.9 p.p.) and Japan (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (-11.1 p.p.) displayed negative dynamics.

In value terms, Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2022, together comprising 78% of total imports. These countries were followed by China, which accounted for a further 22%.

Among the main importing countries, China, with a CAGR of +9.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, leveling off at the previous year. Overall, the import price showed a noticeable increase. The pace of growth was the most pronounced in 2017 when the import price increased by 34%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, 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 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 South Korea (+12.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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