China - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndustrial Stearic Acid Price in China - 2023
Contents:
- Industrial Stearic Acid Price in China (CIF) - 2023
- Industrial Stearic Acid Price in China (FOB) - 2023
- Industrial Stearic Acid Imports in China
- Industrial Stearic Acid Exports in China
Industrial Stearic Acid Price in China (CIF) - 2023
In June 2023, the average industrial stearic acid import price amounted to $1,002 per ton, which is down by -4.5% against the previous month. Over the period under review, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 1.6% month-to-month. Over the period under review, average import prices reached the maximum at $1,764 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Malaysia ($1,136 per ton), while the price for Indonesia amounted to $989 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (-4.0%).
Industrial Stearic Acid Price in China (FOB) - 2023
The average industrial stearic acid export price stood at $1,131 per ton in June 2023, with a decrease of -4.4% against the previous month. In general, the export price saw a perceptible decline. The growth pace was the most rapid in December 2022 an increase of 11% month-to-month. The export price peaked at $1,902 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Nigeria ($1,808 per ton), while the average price for exports to Lithuania ($880 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (0.0%), while the prices for the other major destinations experienced a decline.
Industrial Stearic Acid Imports in China
In 2022, the amount of industrial stearic acid imported into China was estimated at 351K tons, picking up by 4.2% against 2021 figures. The total import volume increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 6.7%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, industrial stearic acid imports soared to $556M in 2022. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 55% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Industrial Stearic Acid in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 176 | 216 | 348 | 493 | 41.0% |
| Malaysia | 37.4 | 42.3 | 52.6 | 59.3 | 16.6% |
| Others | 2.7 | 2.4 | 3.1 | 3.3 | 6.9% |
| Total | 216 | 260 | 404 | 556 | 37.0% |
Top Suppliers of Industrial Stearic Acid to China in 2022:
- Indonesia (316.0K tons)
- Malaysia (34.3K tons)
Industrial Stearic Acid Exports in China
For the fourth consecutive year, China recorded growth in shipments abroad of industrial stearic acid, which increased by 73% to 27K tons in 2022. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, industrial stearic acid exports surged to $48M in 2022. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Industrial Stearic Acid in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | N/A | 0.1 | 1.2 | 15.3 | 1136.9% |
| Russia | 0.2 | 1.8 | 2.4 | 4.4 | 180.2% |
| Malaysia | N/A | 0.1 | N/A | 4.2 | 548.1% |
| Vietnam | 1.3 | 2.6 | 3.7 | 4.2 | 47.8% |
| Thailand | 3.0 | 2.6 | 3.4 | 4.0 | 10.1% |
| South Korea | N/A | 0.8 | 3.4 | 3.7 | 115.1% |
| Japan | 1.8 | 1.2 | 2.3 | 2.4 | 10.1% |
| Nigeria | 1.0 | 0.5 | 0.7 | 1.6 | 17.0% |
| Peru | N/A | 0.2 | 0.6 | 1.1 | 134.5% |
| Iran | 0.7 | 0.3 | 0.2 | 0.2 | -34.1% |
| Others | 4.5 | 4.7 | 5.0 | 7.3 | 17.5% |
| Total | 12.5 | 14.8 | 22.9 | 48.4 | 57.0% |
Top Export Markets for Industrial Stearic Acid from China in 2022:
- Mexico (9.4K tons)
- Malaysia (2.8K tons)
- Russia (2.5K tons)
- Thailand (2.2K tons)
- South Korea (2.1K tons)
- Vietnam (1.9K tons)
- Japan (1.2K tons)
- Nigeria (0.7K tons)
- Peru (0.6K tons)
- Iran (0.1K tons)
This report provides an in-depth analysis of the industrial stearic 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 20143120 - Industrial stearic acid
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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