Eastern Asia: Market for Organic Surface Active Agents 2024

Market Size for Organic Surface Active Agents in Eastern Asia

The East Asian organic surface active agent market declined slightly to $X in 2021, shrinking by -2% against the previous year. In general, consumption, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 1.5% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Organic Surface Active Agents in Eastern Asia

In value terms, organic surface active agent production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2020 when the production volume increased by 1.5% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Organic Surface Active Agents

Exports in Eastern Asia

In 2021, organic surface active agent exports in Eastern Asia expanded remarkably to X tons, increasing by 14% compared with the previous year's figure. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +89.2% against 2016 indices. The pace of growth was the most pronounced in 2019 when exports increased by 34%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, organic surface active agent exports skyrocketed to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +86.3% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the key exporter of organic surface active agents in Eastern Asia, with the volume of exports finishing at X tons, which was near 62% of total exports in 2021. South Korea (X tons) took a 22% share (based on physical terms) of total exports, which put it in second place, followed by Japan (9.2%) and Taiwan (Chinese) (6.2%).

China was also the fastest-growing in terms of the organic surface active agents exports, with a CAGR of +11.8% from 2012 to 2021. At the same time, South Korea (+6.5%) and Japan (+1.4%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of China (+16 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-3.1 p.p.), Taiwan (Chinese) (-5.8 p.p.) and Japan (-7.1 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest organic surface active agent supplier in Eastern Asia, comprising 53% of total exports. The second position in the ranking was held by Japan ($X), with a 22% share of total exports. It was followed by South Korea, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +10.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+0.6% per year) and South Korea (+6.4% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, rising by 16% against the previous year. In general, the export price, however, saw a mild curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Taiwan (Chinese) (+0.3%), while the other leaders experienced a decline in the export price figures.

Imports of Organic Surface Active Agents

Imports in Eastern Asia

In 2021, supplies from abroad of organic surface active agents increased by 12% to X tons, rising for the fifth year in a row after two years of decline. The total import volume increased at an average annual rate of +3.7% 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 2017 with an increase of 13%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, organic surface active agent imports soared to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the major importing country with an import of around X tons, which accounted for 60% of total imports. It was distantly followed by Japan (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons), together comprising a 37% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +3.8% from 2012 to 2021. At the same time, South Korea (+4.8%), Japan (+3.5%) and Taiwan (Chinese) (+3.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +4.8% from 2012-2021. Hong Kong SAR experienced a relatively flat trend pattern. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported organic surface active agents in Eastern Asia, comprising 59% of total imports. The second position in the ranking was held by South Korea ($X), with a 14% share of total imports. It was followed by Japan, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +3.6%. In the other countries, the average annual rates were as follows: South Korea (+4.0% per year) and Japan (+2.4% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, increasing by 15% against the previous year. In general, 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 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) (+3.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform