Asia: Ethanal Market 2024

Ethanal Market Size in Asia

The Asian ethanal market expanded modestly to $X in 2022, picking up by X% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value 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, consumption increased by X% against 2016 indices. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Ethanal Production in Asia

In value terms, ethanal production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Ethanal Exports

Exports in Asia

Ethanal exports shrank modestly to X tons in 2022, leveling off at 2021 figures. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ethanal exports shrank dramatically to $X in 2022. Overall, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) was the main exporter of ethanal (acetaldehyde) in Asia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Japan (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Pakistan (X%) and India (X%). China (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ethanal exports from Taiwan (Chinese) stood at X%. At the same time, Japan (X%), Pakistan (X%) and India (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. China experienced a relatively flat trend pattern. From 2012 to 2022, the share of Taiwan (Chinese), Japan, Pakistan, India and China increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X) remains the largest ethanal supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by China, with a X% share.

In Taiwan (Chinese), ethanal exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, which is down by X% against the previous year. Overall, the export price saw a perceptible contraction. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Ethanal Imports

Imports in Asia

In 2022, ethanal imports in Asia reduced to X tons, with a decrease of X% against 2021. Overall, imports, however, showed a noticeable expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, ethanal imports surged to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Philippines represented the major importer of ethanal (acetaldehyde) in Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by India (X tons), creating a X% share of total imports. The following importers - Lebanon (X tons), Jordan (X tons), South Korea (X tons), Cambodia (X tons) and Indonesia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to ethanal imports into the Philippines stood at X%. At the same time, Lebanon (X%), Cambodia (X%), Jordan (X%), South Korea (X%) and India (X%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) illustrated a downward trend over the same period. While the share of the Philippines (X p.p.), India (X p.p.), Lebanon (X p.p.), Jordan (X p.p.), South Korea (X p.p.) and Cambodia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (X p.p.) displayed negative dynamics.

In value terms, the largest ethanal importing markets in Asia were Indonesia ($X), India ($X) and the Philippines ($X), together accounting for X% of total imports. South Korea, Cambodia, Lebanon and Jordan lagged somewhat behind, together comprising a further X%.

Lebanon, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform