Asia: Ethylbenzene Market 2024

Ethylbenzene Market Size in Asia

The Asian ethylbenzene market fell rapidly to $X in 2022, waning by X% against the previous year. In general, consumption, however, posted pronounced growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Ethylbenzene Production in Asia

In value terms, ethylbenzene production reached $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Ethylbenzene Exports

Exports in Asia

In 2022, the amount of ethylbenzene exported in Asia dropped notably to X tons, declining by X% on the year before. Overall, exports faced a sharp downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, ethylbenzene exports fell dramatically to $X in 2022. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. Singapore (X tons) took the second position in the ranking, followed by South Korea (X tons). All these countries together took near X% share of total exports. The following exporters - Saudi Arabia (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to ethylbenzene exports from China stood at X%. At the same time, Singapore (X%), Saudi Arabia (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Singapore, South Korea and Saudi Arabia increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price recorded a noticeable increase. The pace of growth was the most pronounced in 2013 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 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, 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 Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Ethylbenzene Imports

Imports in Asia

Ethylbenzene imports reduced sharply to X tons in 2022, with a decrease of X% on the previous year. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, ethylbenzene imports dropped significantly to $X in 2022. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Brunei Darussalam (X tons) and India (X tons) were the major importers of ethylbenzene in 2022, reaching near X% and X% of total imports, respectively. Singapore (X tons) took the next position in the ranking, followed by the United Arab Emirates (X tons) and Qatar (X tons). All these countries together took near X% share of total imports. Hong Kong SAR (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylbenzene importing markets in Asia were Brunei Darussalam ($X), India ($X) and Singapore ($X), together comprising X% of total imports.

Among the main importing countries, Singapore, with a CAGR of X%, recorded 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

In 2022, the import price in Asia amounted to $X per ton, surging by X% against the previous year. In general, the import price enjoyed a tangible expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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