China - Industrial Monocarboxylic Fatty Acids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Industrial Monocarboxylic Fatty Acids in China - 2023
Contents:
- Price for Industrial Monocarboxylic Fatty Acids in China (CIF) - 2023
- Price for Industrial Monocarboxylic Fatty Acids in China (FOB) - 2022
- Imports of Industrial Monocarboxylic Fatty Acids in China
- Exports of Industrial Monocarboxylic Fatty Acids in China
Price for Industrial Monocarboxylic Fatty Acids in China (CIF) - 2023
The average industrial monocarboxylic fatty acids import price stood at $855 per ton in September 2023, surging by 6.6% against the previous month. Overall, the import price, however, showed a mild setback. Over the period under review, average import prices attained the peak figure at $969 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Malaysia ($942 per ton), while the price for Indonesia amounted to $842 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Indonesia (-0.9%).
Price for Industrial Monocarboxylic Fatty Acids in China (FOB) - 2022
The average industrial monocarboxylic fatty acids export price stood at $1,340 per ton in 2022, growing by 53% against the previous year. Over the period under review, the export price, however, recorded a noticeable shrinkage. The export price peaked at $1,985 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($2,201 per ton), while the average price for exports to South Korea ($793 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Industrial Monocarboxylic Fatty Acids in China
For the fourth year in a row, China recorded growth in overseas purchases of industrial monocarboxylic fatty acids, which increased by 80% to 1.7M tons in 2022. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, industrial monocarboxylic fatty acids imports skyrocketed to $2B in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 104%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Industrial Monocarboxylic Fatty Acids in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 179 | 315 | 743 | 1,609 | 107.9% |
| Malaysia | 71.8 | 115 | 187 | 263 | 54.2% |
| Philippines | 8.4 | 15.8 | 20.5 | 20.8 | 35.3% |
| Thailand | 17.1 | 18.7 | 23.9 | 19.6 | 4.7% |
| Others | 23.1 | 31.3 | 38.2 | 86.6 | 55.3% |
| Total | 300 | 495 | 1,012 | 1,999 | 88.2% |
Top Suppliers of Industrial Monocarboxylic Fatty Acids to China in 2022:
- Indonesia (1377.4K tons)
- Malaysia (216.6K tons)
- Philippines (20.0K tons)
- Thailand (17.3K tons)
Exports of Industrial Monocarboxylic Fatty Acids in China
In 2022, after three years of growth, there was significant decline in overseas shipments of industrial monocarboxylic fatty acids, when their volume decreased by -14% to 38K tons. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 95%. As a result, the exports reached the peak of 44K tons, and then declined in the following year.
In value terms, industrial monocarboxylic fatty acids exports surged to $51M in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 180%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Industrial Monocarboxylic Fatty Acids in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 2.8 | 7.4 | 20.2 | 16.4 | 80.3% |
| United States | 2.3 | 0.4 | 4.4 | 7.0 | 44.9% |
| Germany | N/A | N/A | 1.1 | 5.8 | 427.3% |
| Indonesia | 2.7 | 1.3 | 1.7 | 4.2 | 15.9% |
| Malaysia | 2.4 | 0.1 | 2.0 | 4.0 | 18.6% |
| Belgium | N/A | N/A | 0.5 | 2.8 | 460.0% |
| Singapore | 0.6 | 0.7 | 0.9 | 2.0 | 49.4% |
| Democratic People's Republic of Korea | 2.2 | N/A | N/A | N/A | 0% |
| Others | 4.0 | 3.9 | 7.9 | 8.9 | 30.5% |
| Total | 17.1 | 13.9 | 38.8 | 51.1 | 44.0% |
Top Export Markets for Industrial Monocarboxylic Fatty Acids from China in 2022:
- South Korea (20.7K tons)
- United States (4.2K tons)
- Germany (3.4K tons)
- Malaysia (2.4K tons)
- Indonesia (2.0K tons)
- Belgium (1.3K tons)
- Singapore (1.0K tons)
This report provides an in-depth analysis of the market for industrial monocarboxylic fatty acids 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 20143195 - Industrial monocarboxylic fatty acids distilled (excluding stearic, oleic tall oil)
- Prodcom 20143197 - Industrial monocarboxylic fatty acids (excluding stearic, oleic, t all oil, distilled)
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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