Eastern Asia: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Eastern Asia

For the third consecutive year, the East Asian oxygen-function amino-compound market recorded decline in sales value, which decreased by -6.6% to $X in 2021. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Oxygen-Function Amino-Compound Production in Eastern Asia

In value terms, oxygen-function amino-compound production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.4% over the period 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 2014 with an increase of 20% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Oxygen-Function Amino-Compound Exports

Exports in Eastern Asia

In 2021, the amount of oxygen-function amino-compounds exported in Eastern Asia stood at X tons, growing by 6.6% against 2020. Overall, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 26% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, oxygen-function amino-compound exports surged to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.5% 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 +74.2% 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 prevails in exports structure, resulting at X tons, which was approx. 96% of total exports in 2021. Japan (X tons) held a minor share of total exports.

China was also the fastest-growing in terms of the oxygen-function amino-compounds exports, with a CAGR of +14.1% from 2012 to 2021. Japan (-1.1%) illustrated a downward trend over the same period. While the share of China (+8.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Japan (-4.7 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest oxygen-function amino-compound supplier in Eastern Asia, comprising 90% of total exports. The second position in the ranking was held by Japan ($X), with a 6.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +10.2%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, growing by 24% against the previous year. In general, the export price, however, showed a noticeable curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-0.2%).

Oxygen-Function Amino-Compound Imports

Imports in Eastern Asia

In 2021, imports of oxygen-function amino-compounds in Eastern Asia reduced to X tons, which is down by -12.8% against the previous year. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 22%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, oxygen-function amino-compound imports dropped to $X in 2021. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +16.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 31%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China represented the key importer of oxygen-function amino-compounds in Eastern Asia, with the volume of imports accounting for X tons, which was near 47% of total imports in 2021. It was distantly followed by South Korea (X tons), Japan (X tons) and Taiwan (Chinese) (X tons), together achieving a 52% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to oxygen-function amino-compound imports into China stood at +3.1%. At the same time, South Korea (+5.1%) and Japan (+2.0%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +5.1% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of South Korea (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-1.8 p.p.) and Taiwan (Chinese) (-2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest oxygen-function amino-compound importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 91% share of total imports.

South Korea, with a CAGR of +5.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, growing by 1.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 14%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Japan ($X per ton), while China ($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) (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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