Eastern Asia: Ionones And Methylionones Market 2024

Ionones And Methylionones Exports

Exports in Eastern Asia

In 2021, approx. X tons of ionones and methylionones were exported in Eastern Asia; picking up by 16% against the year before. In general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 84%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, ionones and methylionones exports skyrocketed to $X in 2021. Overall, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2015 with an increase of 104% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, recording X tons, which was approx. 98% of total exports in 2021. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to ionones and methylionones exports from China stood at +15.0%. At the same time, Hong Kong SAR (+35.7%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +35.7% from 2012-2021. From 2012 to 2021, the share of Hong Kong SAR increased by +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ionones and methylionones supplier in Eastern Asia, comprising 98% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 2.2% share of total exports.

In China, ionones and methylionones exports increased at an average annual rate of +8.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, rising by 2.8% against the previous year. In general, the export price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2017 when the export price increased by 50%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.8%).

Ionones And Methylionones Imports

Imports in Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in overseas purchases of ionones and methylionones, which increased by 15% to X tons in 2021. The total import volume increased at an average annual rate of +5.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 28% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, ionones and methylionones imports skyrocketed to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.5% 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 +48.6% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China prevails in imports structure, finishing at X tons, which was near 90% of total imports in 2021. It was distantly followed by Japan (X tons), committing a 4.7% share of total imports. Taiwan (Chinese) (X tons) and South Korea (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +6.1% from 2012 to 2021. At the same time, South Korea (+9.1%) and Taiwan (Chinese) (+5.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +9.1% from 2012-2021. By contrast, Japan (-1.7%) illustrated a downward trend over the same period. China (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -4.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported ionones and methylionones in Eastern Asia, comprising 88% of total imports. The second position in the ranking was taken by Japan ($X), with a 5.4% share of total imports. It was followed by Taiwan (Chinese), with a 3.3% share.

In China, ionones and methylionones imports increased at an average annual rate of +7.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-2.7% per year) and Taiwan (Chinese) (+11.0% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, with an increase of 9.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 30%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in South Korea ($X per ton) and Taiwan (Chinese) ($X per ton), while China ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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