Southern Asia: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Southern Asia

The South Asian market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid dropped sharply to $X in 2022, reducing by -31.9% against the previous year. In general, consumption, however, saw pronounced growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Southern Asia

In value terms, production of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid expanded modestly to $X in 2022 estimated in export price. In general, production, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 12%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports in Southern Asia

In 2022, overseas shipments of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid decreased by -5.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 68% against the previous year. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid contracted modestly to $X in 2022. Over the period under review, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 131% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

In 2022, India (X tons) represented the major exporter of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid, mixing up 88% of total exports. It was distantly followed by Pakistan (X tons), committing a 12% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exports from India stood at +15.3%. At the same time, Pakistan (+17.0%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +17.0% from 2012-2022. While the share of Pakistan (+1.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest dibutyl and dioctyl orthophthalates other esters of orthophthalic acid supplier in Southern Asia, comprising 88% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 12% share of total exports.

In India, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid increased at an average annual rate of +13.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, picking up by 2.3% against the previous year. Overall, the export price, however, saw a slight reduction. The pace of growth was the most pronounced in 2021 an increase of 38%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.3%).

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports in Southern Asia

In 2022, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid in Southern Asia declined significantly to X tons, shrinking by -30.5% against 2021. In general, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 204%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid fell sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2018 when imports increased by 202%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

India represented the main importing country with an import of around X tons, which accounted for 75% of total imports. Sri Lanka (X tons) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (6.6%). Pakistan (X tons) and Nepal (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the dibutyl and dioctyl orthophthalates other esters of orthophthalic acid imports, with a CAGR of +38.0% from 2012 to 2022. At the same time, Bangladesh (+12.4%) displayed positive paces of growth. Nepal and Sri Lanka experienced a relatively flat trend pattern. By contrast, Pakistan (-4.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by +64 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported dibutyl and dioctyl orthophthalates other esters of orthophthalic acid in Southern Asia, comprising 75% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with an 11% share of total imports. It was followed by Bangladesh, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +35.9%. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (-0.5% per year) and Bangladesh (+10.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, increasing by 3.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 53%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Sri Lanka ($X per ton) and India ($X per ton), while Nepal ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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