Asia: Derivatives Of Hydrocarbons Market 2024

Derivatives Of Hydrocarbons Market Size in Asia

In 2022, after four years of decline, there was significant growth in the Asian derivatives of hydrocarbons market, when its value increased by X% to $X. Overall, consumption continues to indicate a deep setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Derivatives Of Hydrocarbons Production in Asia

In value terms, derivatives of hydrocarbons production shrank to $X in 2022 estimated in export price. Overall, production, however, saw a mild downturn. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Derivatives Of Hydrocarbons Exports

Exports in Asia

Derivatives of hydrocarbons exports stood at X tons in 2022, approximately reflecting 2021 figures. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, derivatives of hydrocarbons exports expanded slightly to $X in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Kuwait prevails in exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by China (X tons), creating a X% share of total exports. India (X tons) held a relatively small share of total exports.

Kuwait was also the fastest-growing in terms of the derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups exports, with a CAGR of X% from 2012 to 2022. At the same time, China (X%) and India (X%) displayed positive paces of growth. From 2012 to 2022, the share of Kuwait increased by X percentage points.

In value terms, Kuwait ($X) remains the largest derivatives of hydrocarbons supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports.

In Kuwait, derivatives of hydrocarbons exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 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 China ($X per ton), while Kuwait ($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 a decline in the export price figures.

Derivatives Of Hydrocarbons Imports

Imports in Asia

In 2022, imports of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups in Asia rose to X tons, growing by X% against the previous year. Total imports indicated a prominent increase 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 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, derivatives of hydrocarbons imports skyrocketed to $X in 2022. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

India represented the key importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Japan (X tons), China (X tons) and Turkey (X tons), together achieving a X% share of total imports. South Korea (X tons), Cambodia (X tons) and Israel (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Cambodia (X%), China (X%), Turkey (X%), South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Israel (X%) illustrated a downward trend over the same period. India (X p.p.), China (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total imports, while Israel and Japan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest derivatives of hydrocarbons importing markets in Asia were India ($X), Japan ($X) and South Korea ($X), together comprising X% of total imports. China, Turkey, Israel and Cambodia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Cambodia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the import price in Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

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 South Korea ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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