Asia: Dicyandiamide Market 2024

Dicyandiamide Market Size in Asia

In 2022, the Asian dicyandiamide market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then declined in the following year.

Dicyandiamide Production in Asia

In value terms, dicyandiamide production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production reached the peak level of $X, and then dropped in the following year.

Dicyandiamide Exports

Exports in Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of X-cyanoguanidine (dicyandiamide), when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, dicyandiamide exports expanded markedly to $X in 2022. Overall, exports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China (X tons) represented roughly X% of total exports in 2022.

China was also the fastest-growing in terms of the X-cyanoguanidine (dicyandiamide) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest dicyandiamide supplier in Asia.

In China, dicyandiamide exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price continues to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Dicyandiamide Imports

Imports in Asia

In 2022, supplies from abroad of X-cyanoguanidine (dicyandiamide) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The growth pace was the most rapid in 2020 when imports increased by X%. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, dicyandiamide imports rose rapidly to $X in 2022. Overall, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

India represented the largest importer of X-cyanoguanidine (dicyandiamide) in Asia, with the volume of imports recording X tons, which was near X% of total imports in 2022. Indonesia (X tons) took the second position in the ranking, followed by Japan (X tons). All these countries together held near X% share of total imports. Turkey (X tons) and China (X tons) held a minor share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Japan and China experienced a relatively flat trend pattern. From 2012 to 2022, the share of Indonesia and Turkey increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported X-cyanoguanidine (dicyandiamide) in Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with an X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dicyandiamide import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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