Asia: Market for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function 2023

Market Size for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Asia

The Asian market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function shrank to $X in 2022, waning by -6.1% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then fell in the following year.

Production of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Asia

In value terms, butanal butanal and acyclic aldehydes production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2018 with an increase of 13%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Exports in Asia

In 2022, after five years of growth, there was significant decline in overseas shipments of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function, when their volume decreased by -12.8% to X tons. Total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.4% against 2016 indices. The pace of growth was the most pronounced in 2021 when exports increased by 26%. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, butanal butanal and acyclic aldehydes exports contracted to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.6% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 26% against the previous year. The level of export peaked at $X in 2021, and then contracted slightly in the following year.

Exports by Country

China represented the main exporter of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function in Asia, with the volume of exports recording X tons, which was near 58% of total exports in 2022. It was distantly followed by Malaysia (X tons), Taiwan (Chinese) (X tons) and Japan (X tons), together mixing up a 33% share of total exports. India (X tons), Singapore (X tons) and Indonesia (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +9.4% from 2012 to 2022. At the same time, Malaysia (+61.6%), Indonesia (+32.2%), Taiwan (Chinese) (+3.8%) and Japan (+3.4%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +61.6% from 2012-2022. By contrast, India (-1.7%) and Singapore (-17.3%) illustrated a downward trend over the same period. While the share of China (+23 p.p.) and Malaysia (+15 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-3.1 p.p.) and Singapore (-22.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest butanal butanal and acyclic aldehydes supplier in Asia, comprising 43% of total exports. The second position in the ranking was taken by India ($X), with a 16% share of total exports. It was followed by Malaysia, with a 15% share.

In China, butanal butanal and acyclic aldehydes exports increased at an average annual rate of +8.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (+8.9% per year) and Malaysia (+53.6% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, with an increase of 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+12.0%), while the other leaders experienced more modest paces of growth.

Imports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Imports in Asia

In 2022, approx. X tons of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function were imported in Asia; waning by -27.2% against the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 26%. As a result, imports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, butanal butanal and acyclic aldehydes imports fell to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 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 imports increased by 23%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X tons) and India (X tons) were the major importers of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function in Asia, together generating 54% of total imports. Malaysia (X tons) held a 7% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (5.3%). Japan (X tons), South Korea (X tons), Singapore (X tons), Thailand (X tons), Saudi Arabia (X tons), Vietnam (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malaysia (with a CAGR of +15.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 65% share of total imports. Indonesia, Malaysia, Japan, the United Arab Emirates, Thailand, South Korea, Saudi Arabia, Turkey, Vietnam and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 30%.

In terms of the main importing countries, Malaysia, with a CAGR of +15.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, growing by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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