Asia: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in Asia

The Asian heterocyclic compound market contracted modestly to $X in 2023, remaining stable against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

Heterocyclic Compound Production in Asia

In value terms, heterocyclic compound production declined to $X in 2023 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2023, production growth failed to regain momentum.

Heterocyclic Compound Exports

Exports in Asia

In 2023, shipments abroad of heterocyclic compounds decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Over the period under review, exports saw a mild setback. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then reduced markedly in the following year.

In value terms, heterocyclic compound exports reduced sharply to $X in 2023. In general, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2022, and then reduced markedly in the following year.

Exports by Country

China was the key exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by India (X tons), comprising a X% share of total exports. The following exporters - Japan (X tons) and South Korea (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to heterocyclic compound exports from China stood at X%. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. South Korea experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total exports, while Japan and China saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, heterocyclic compound exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Japan (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, dropping by X% against the previous year. Export price indicated a prominent expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of X%. The level of export peaked at $X per ton in 2022, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Heterocyclic Compound Imports

Imports in Asia

After three years of growth, supplies from abroad of heterocyclic compounds decreased by X% to X tons in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then fell sharply in the following year.

In value terms, heterocyclic compound imports contracted to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

Indonesia (X tons) and India (X tons) represented the largest importers of heterocyclic compounds in 2023, finishing at approx. X% and X% of total imports, respectively. China (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%) and Japan (X%). The following importers - Taiwan (Chinese) (X tons), Turkey (X tons), Israel (X tons) and Bangladesh (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and India ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, China, 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

The import price in Asia stood at $X per ton in 2023, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2023, 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 Japan ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform