Asia: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in Asia

The Asian acrylic acid esters market totaled $X in 2022, with an increase of X% against the previous year. Overall, consumption continues to indicate a prominent increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Acrylic Acid Esters Production in Asia

In value terms, acrylic acid esters production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production saw prominent growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Acrylic Acid Esters Exports

Exports in Asia

In 2022, the amount of esters of acrylic acid exported in Asia fell significantly to X tons, which is down by X% against 2021. Total exports indicated a pronounced 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, acrylic acid esters exports contracted significantly to $X in 2022. Over the period under review, exports, however, saw temperate growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then fell rapidly in the following year.

Exports by Country

In 2022, China (X tons) represented the major exporter of esters of acrylic acid, constituting X% of total exports. It was distantly followed by Malaysia (X tons), Taiwan (Chinese) (X tons), South Korea (X tons) and Japan (X tons), together achieving a X% share of total exports. The following exporters - Indonesia (X tons) and the United Arab Emirates (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to acrylic acid esters exports from China stood at X%. At the same time, the United Arab Emirates (X%), Japan (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%), Indonesia (X%) and South Korea (X%) illustrated a downward trend over the same period. China (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese), Indonesia, Malaysia and South Korea saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest acrylic acid esters supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

In China, acrylic acid esters exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (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, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

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

Acrylic Acid Esters Imports

Imports in Asia

In 2022, acrylic acid esters imports in Asia dropped remarkably to X tons, reducing by X% on the year before. Total imports indicated measured growth 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 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, acrylic acid esters imports dropped significantly to $X in 2022. In general, imports, however, enjoyed a measured increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2022, India (X tons), distantly followed by Turkey (X tons), China (X tons), South Korea (X tons), Japan (X tons) and the United Arab Emirates (X tons) represented the key importers of esters of acrylic acid, together achieving X% of total imports. Thailand (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons), Malaysia (X tons), Vietnam (X tons), Singapore (X tons) and Iran (X tons) held a minor share of total imports.

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

In value terms, the largest acrylic acid esters importing markets in Asia were India ($X), Turkey ($X) and China ($X), with a combined X% share of total imports. South Korea, Japan, Taiwan (Chinese), Thailand, Indonesia, Vietnam, the United Arab Emirates, Malaysia, Singapore and Iran lagged somewhat behind, together comprising a further X%.

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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, standing approx. at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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