China - Adipic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAdipic Acid Price in China - 2023
Contents:
- Adipic Acid Price in China (FOB) - 2023
- Adipic Acid Price in China (CIF) - 2022
- Adipic Acid Exports in China
- Adipic Acid Imports in China
Adipic Acid Price in China (FOB) - 2023
In June 2023, the average adipic acid export price amounted to $1,258 per ton, waning by -4.5% against the previous month. Overall, the export price continues to indicate a perceptible downturn. The pace of growth was the most pronounced in February 2023 when the average export price increased by 9.8% against the previous month. The export price peaked at $1,708 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In June 2023, the highest price was recorded for prices to Russia ($1,454 per ton) and Japan ($1,395 per ton), while the average price for exports to Israel ($1,131 per ton) and Italy ($1,210 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (-2.1%), while the prices for the other major destinations experienced a decline.
Adipic Acid Price in China (CIF) - 2022
The average adipic acid import price stood at $2,732 per ton in 2022, jumping by 33% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, adipic acid import price increased by +68.5% against 2020 indices. 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 origin: amid the top importers, the country with the highest price was Italy ($5,247 per ton), while the price for South Korea ($1,772 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Adipic Acid Exports in China
In 2022, the amount of adipic acid, its salts and esters exported from China amounted to 402K tons, remaining constant against the year before. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, adipic acid exports rose sharply to $649M in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 109% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Adipic Acid in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 44.1 | 24.7 | 81.8 | 106 | 34.0% |
| India | 30.0 | 26.3 | 54.2 | 72.3 | 34.1% |
| Singapore | 59.5 | 43.3 | 72.2 | 71.9 | 6.5% |
| Italy | 19.2 | 15.8 | 33.2 | 48.5 | 36.2% |
| South Korea | 40.9 | 32.1 | 58.2 | 46.9 | 4.7% |
| Netherlands | 11.7 | 4.4 | 73.5 | 45.3 | 57.0% |
| Pakistan | 13.3 | 14.2 | 23.6 | 30.3 | 31.6% |
| Israel | 23.8 | 10.9 | 11.1 | 17.6 | -9.6% |
| United Arab Emirates | 1.1 | 6.4 | 17.7 | 17.4 | 151.0% |
| Japan | 9.9 | 11.3 | 15.2 | 15.9 | 17.1% |
| Russia | 6.6 | 4.8 | 8.9 | 12.8 | 24.7% |
| Thailand | 6.5 | 4.8 | 8.6 | 10.3 | 16.6% |
| Indonesia | 5.3 | 4.9 | 8.5 | 10.0 | 23.6% |
| Others | 101 | 82.6 | 133 | 144 | 12.6% |
| Total | 373 | 286 | 600 | 649 | 20.3% |
Top Export Markets for Adipic Acid from China in 2022:
- Turkey (69.4K tons)
- India (45.5K tons)
- Singapore (44.7K tons)
- Italy (31.9K tons)
- South Korea (28.6K tons)
- Netherlands (26.8K tons)
- Pakistan (19.3K tons)
- Israel (11.2K tons)
- United Arab Emirates (11.0K tons)
- Japan (9.3K tons)
- Russia (7.4K tons)
- Indonesia (6.2K tons)
- Thailand (6.2K tons)
Adipic Acid Imports in China
In 2022, the amount of adipic acid, its salts and esters imported into China reduced dramatically to 8.9K tons, which is down by -27.5% on the previous year. Overall, imports showed a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of 12K tons, and then contracted sharply in the following year.
In value terms, adipic acid imports dropped to $24M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 59%. As a result, imports attained the peak of $25M, and then fell modestly in the following year.
| Import of Adipic Acid in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 6.6 | 4.9 | 6.5 | 7.5 | 4.4% |
| Germany | 6.0 | 3.5 | 7.3 | 6.9 | 4.8% |
| United States | 1.0 | 2.1 | 1.9 | 2.7 | 39.2% |
| Japan | 3.6 | 2.9 | 3.6 | 2.7 | -9.1% |
| Italy | 0.3 | 0.9 | 1.8 | 2.5 | 102.7% |
| Others | 1.6 | 1.3 | 4.0 | 1.9 | 5.9% |
| Total | 19.0 | 15.7 | 25.0 | 24.2 | 8.4% |
Top Suppliers of Adipic Acid to China in 2022:
- South Korea (4.3K tons)
- Germany (2.3K tons)
- Japan (0.8K tons)
- United States (0.6K tons)
- Italy (0.5K tons)
This report provides an in-depth analysis of the adipic acid market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143385 - Adipic acid, its salts and esters
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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