Eastern Asia: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Eastern Asia

In 2022, the East Asian saturated acyclic hydrocarbons market increased by 45% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +119.1% against 2020 indices. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Saturated Acyclic Hydrocarbons Production in Eastern Asia

In value terms, saturated acyclic hydrocarbons production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when the production volume increased by 23%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Saturated Acyclic Hydrocarbons Exports

Exports in Eastern Asia

Saturated acyclic hydrocarbons exports contracted to X tons in 2022, declining by -5.4% against the previous year. Over the period under review, exports, however, posted modest growth. The most prominent rate of growth was recorded in 2015 with an increase of 66% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, saturated acyclic hydrocarbons exports expanded markedly to $X in 2022. Total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) and China (X tons) prevails in exports structure, together creating 87% of total exports. Japan (X tons) held the next position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together took approx. 13% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +25.2%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, South Korea ($X), China ($X) and Japan ($X) were the countries with the highest levels of exports in 2022, with a combined 96% share of total exports.

Among the main exporting countries, China, with a CAGR of +22.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, jumping by 20% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 31%. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($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 (+0.3%), while the other leaders experienced a decline in the export price figures.

Saturated Acyclic Hydrocarbons Imports

Imports in Eastern Asia

In 2022, supplies from abroad of saturated acyclic hydrocarbons increased by 120% to X tons, rising for the sixth consecutive year after two years of decline. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 233% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, saturated acyclic hydrocarbons imports surged to $X in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 163% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

China prevails in imports structure, recording X tons, which was near 95% of total imports in 2022. Japan (X tons) took a relatively small share of total imports.

China was also the fastest-growing in terms of the saturated acyclic hydrocarbons imports, with a CAGR of +63.9% from 2012 to 2022. At the same time, Japan (+51.8%) displayed positive paces of growth. While the share of China (+36 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported saturated acyclic hydrocarbons in Eastern Asia, comprising 85% of total imports. The second position in the ranking was taken by Japan ($X), with an 8.6% share of total imports.

In China, saturated acyclic hydrocarbons imports expanded at an average annual rate of +36.3% over the period from 2012-2022.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, reducing by -21% against the previous year. In general, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 17%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Japan ($X per ton), while China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-15.6%).

Source: IndexBox Platform

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