Eastern Asia: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Eastern Asia

In 2021, the East Asian industrial monocarboxylic fatty acids market increased by 7% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Industrial Monocarboxylic Fatty Acids in Eastern Asia

In value terms, industrial monocarboxylic fatty acids production amounted to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 30%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports in Eastern Asia

In 2021, approx. X tons of industrial monocarboxylic fatty acids were exported in Eastern Asia; rising by 63% compared with the previous year's figure. In general, exports posted a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by 78%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids exports soared to $X in 2021. Total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, 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.

Exports by Country

In 2021, China (X tons) represented the largest exporter of industrial monocarboxylic fatty acids, comprising 67% of total exports. Japan (X tons) held the second position in the ranking, followed by Hong Kong SAR (X tons) and South Korea (X tons). All these countries together took near 28% share of total exports. Taiwan (Chinese) (X tons) held a little share of total exports.

Exports from China increased at an average annual rate of +10.7% from 2012 to 2021. At the same time, Hong Kong SAR (+20.1%), Japan (+8.3%) and Taiwan (Chinese) (+5.4%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +20.1% from 2012-2021. By contrast, South Korea (-2.7%) illustrated a downward trend over the same period. China (+10 p.p.) and Hong Kong SAR (+5.6 p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -13.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest industrial monocarboxylic fatty acids supplier in Eastern Asia, comprising 62% of total exports. The second position in the ranking was held by Japan ($X), with a 14% share of total exports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +2.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+1.8% per year) and South Korea (-1.1% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, picking up by 27% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, 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 South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.7%), while the other leaders experienced a decline in the export price figures.

Imports of Industrial Monocarboxylic Fatty Acids

Imports in Eastern Asia

For the sixth consecutive year, Eastern Asia recorded growth in overseas purchases of industrial monocarboxylic fatty acids, which increased by 22% to X tons in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +9.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +104.2% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 29% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids imports skyrocketed to $X in 2021. Overall, imports enjoyed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the major importer of industrial monocarboxylic fatty acids in Eastern Asia, with the volume of imports resulting at X tons, which was near 65% of total imports in 2021. It was distantly followed by South Korea (X tons), generating a 31% share of total imports. Japan (X tons) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to industrial monocarboxylic fatty acids imports into China stood at +9.2%. At the same time, South Korea (+12.3%) and Japan (+2.9%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +12.3% from 2012-2021. South Korea (+6.5 p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -2.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial monocarboxylic fatty acids in Eastern Asia, comprising 65% of total imports. The second position in the ranking was taken by South Korea ($X), with a 27% share of total imports.

In China, industrial monocarboxylic fatty acids imports expanded at an average annual rate of +10.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+11.5% per year) and Japan (+2.2% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, jumping by 61% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea ($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 (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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