Eastern Asia: Hydantoin Market 2024

Hydantoin Market Size in Eastern Asia

The East Asian hydantoin market expanded slightly to $X in 2022, rising by 4.4% against the previous year. Over the period under review, consumption, however, showed a pronounced shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Hydantoin Production in Eastern Asia

In value terms, hydantoin production amounted to $X in 2022 estimated in export price. In general, production, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 24% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Hydantoin Exports

Exports in Eastern Asia

In 2022, shipments abroad of hydantoin and its derivatives decreased by -8.1% to X tons, falling for the second year in a row after three years of growth. The total export volume increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 22%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydantoin exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. 96% of total exports in 2022. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +4.1% from 2012 to 2022. At the same time, Taiwan (Chinese) (+18.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +18.9% from 2012-2022. China (+1.9 p.p.) and Taiwan (Chinese) (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hydantoin supplier in Eastern Asia, comprising 89% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 9.5% share of total exports.

In China, hydantoin exports increased at an average annual rate of +6.5% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, increasing by 34% against the previous year. Overall, the export price, however, saw a pronounced decline. The level of export peaked at $X per ton in 2012; however, from 2013 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 China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.4%).

Hydantoin Imports

Imports in Eastern Asia

In 2022, after two years of growth, there was decline in supplies from abroad of hydantoin and its derivatives, when their volume decreased by -3.3% to X tons. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +20.1% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of 69% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, hydantoin imports stood at $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +52.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, Japan (X tons) was the major importer of hydantoin and its derivatives, generating 67% of total imports. China (X tons) took the second position in the ranking, distantly followed by South Korea (X tons). All these countries together held near 25% share of total imports. The following importers - Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) - each reached an 8.2% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hydantoin imports into Japan stood at +5.7%. At the same time, Hong Kong SAR (+14.0%), China (+11.3%) and South Korea (+8.3%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +14.0% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2022, the share of China and Hong Kong SAR increased by +6.4 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported hydantoin and its derivatives in Eastern Asia, comprising 72% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by South Korea, with a 5.4% share.

In Japan, hydantoin imports increased at an average annual rate of +3.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+8.3% per year) and South Korea (+8.2% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, increasing by 4% against the previous year. Overall, the import price, however, showed a noticeable setback. The pace of growth was the most pronounced in 2014 an increase of 12% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 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 Taiwan (Chinese) ($X per ton), while Hong Kong SAR ($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 (-0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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