Eastern Asia: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Eastern Asia

In 2021, the East Asian unsaturated acyclic hydrocarbons market increased by 1.3% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Unsaturated Acyclic Hydrocarbons Production in Eastern Asia

In value terms, unsaturated acyclic hydrocarbons production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 8.6% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Unsaturated Acyclic Hydrocarbons Exports

Exports in Eastern Asia

In 2021, overseas shipments of unsaturated acyclic hydrocarbons decreased by -8.6% to X tons, falling for the third consecutive year after two years of growth. Overall, exports saw a slight descent. The pace of growth appeared the most rapid in 2017 when exports increased by 68% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, unsaturated acyclic hydrocarbons exports surged to $X in 2021. Over the period under review, exports continue to indicate a perceptible setback. The growth pace was the most rapid in 2018 when exports increased by 44%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Taiwan (Chinese) (X tons) and Japan (X tons) were the major exporters of unsaturated acyclic hydrocarbons in Eastern Asia, together mixing up 87% of total exports. It was distantly followed by China (X tons), comprising a 12% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Japan (with a CAGR of +2.2%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and China ($X) were the countries with the highest levels of exports in 2021, with a combined 92% share of total exports.

In terms of the main exporting countries, Japan, with a CAGR of -0.1%, recorded the highest rates of growth with regard to 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

The export price in Eastern Asia stood at $X per ton in 2021, surging by 46% against the previous year. Over the period under review, the export price, however, saw a perceptible downturn. The level of export peaked at $X per ton in 2014; however, from 2015 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 China ($X per ton), while Taiwan (Chinese) ($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 (+0.9%), while the other leaders experienced a decline in the export price figures.

Unsaturated Acyclic Hydrocarbons Imports

Imports in Eastern Asia

In 2021, purchases abroad of unsaturated acyclic hydrocarbons increased by 6.4% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +2.5% 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 +36.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 37%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, unsaturated acyclic hydrocarbons imports skyrocketed to $X in 2021. Total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +33.4% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 22% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

China (X tons) and South Korea (X tons) prevails in imports structure, together committing 80% of total imports. Taiwan (Chinese) (X tons) ranks next in terms of the total imports with a 10% share, followed by Japan (6.8%). Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +10.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unsaturated acyclic hydrocarbons importing markets in Eastern Asia were South Korea ($X), China ($X) and Japan ($X), with a combined 89% share of total imports.

China, with a CAGR of +7.3%, saw 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

The import price in Eastern Asia stood at $X per ton in 2021, growing by 12% against the previous year. Overall, the import price, however, saw a mild decline. The most prominent rate of growth was recorded in 2018 when the import price increased by 21% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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