Asia: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Asia

The Asian aromatic hydrocarbon mixtures market amounted to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption saw a noticeable descent. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Aromatic Hydrocarbon Mixtures Production in Asia

In value terms, aromatic hydrocarbon mixtures production rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Aromatic Hydrocarbon Mixtures Exports

Exports in Asia

After two years of growth, overseas shipments of naphthalene and other aromatic hydrocarbon mixtures decreased by X% to X tons in 2022. Overall, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, aromatic hydrocarbon mixtures exports rose remarkably to $X in 2022. Total exports indicated prominent growth 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, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Yemen represented the largest exporting country with an export of about X tons, which finished at X% of total exports. India (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%), Japan (X%), Thailand (X%) and South Korea (X%). Iran (X tons) followed a long way behind the leaders.

Exports from Yemen increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%), India (X%), Iran (X%), Japan (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Yemen, India, Turkey, Iran and Japan increased by X, X, X, X and X percentage points, respectively.

In value terms, the largest aromatic hydrocarbon mixtures supplying countries in Asia were Yemen ($X), India ($X) and Turkey ($X), with a combined X% share of total exports.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 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 Turkey ($X per ton), while Iran ($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.

Aromatic Hydrocarbon Mixtures Imports

Imports in Asia

In 2022, the amount of naphthalene and other aromatic hydrocarbon mixtures imported in Asia shrank dramatically to X tons, falling by X% compared with the previous year's figure. In general, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbon mixtures imports shrank notably to $X in 2022. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of naphthalene and other aromatic hydrocarbon mixtures, namely India, Singapore and South Korea, represented more than third of total import. China (X tons) ranks next in terms of the total imports with an X% share, followed by Cyprus (X%), the United Arab Emirates (X%), Vietnam (X%) and Malaysia (X%).

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

In value terms, the largest aromatic hydrocarbon mixtures importing markets in Asia were India ($X), Singapore ($X) and South Korea ($X), together accounting for X% of total imports. Vietnam, Cyprus, China, Malaysia and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Cyprus, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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, continues to indicate a mild reduction. The pace of growth was the most pronounced in 2021 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 stood at a somewhat lower figure.

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 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 mixed trends in the import price figures.

Source: IndexBox Platform

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