Asia: Ethylene Oxide Market 2024

Ethylene Oxide Market Size in Asia

The Asian ethylene oxide market declined dramatically to $X in 2022, which is down by X% against the previous year. In general, consumption, however, posted a mild expansion. As a result, consumption attained the peak level of $X, and then fell significantly in the following year.

Ethylene Oxide Production in Asia

In value terms, ethylene oxide production fell to $X in 2022 estimated in export price. The total production indicated a buoyant 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2021, and then shrank in the following year.

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Ethylene Oxide Exports

Exports in Asia

For the fourth year in a row, Asia recorded growth in shipments abroad of oxirane (ethylene oxide), which increased by X% to X tons in 2022. Over the period under review, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, ethylene oxide exports rose rapidly to $X in 2022. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2014 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

India represented the largest exporting country with an export of around X tons, which amounted to X% of total exports. China (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (X%), Malaysia (X%) and South Korea (X%). Thailand (X tons) and Hong Kong SAR (X tons) held a minor share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%), Singapore (X%), China (X%), Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. While the share of India (X p.p.), Singapore (X p.p.) and Hong Kong SAR (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ethylene oxide supplying countries in Asia were India ($X), China ($X) and Malaysia ($X), with a combined X% share of total exports. Singapore, Thailand, South Korea and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

Hong Kong SAR, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The export price in Asia stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum 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 Thailand ($X per ton), while India ($X per ton) was amongst the lowest.

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

Ethylene Oxide Imports

Imports in Asia

In 2022, the amount of oxirane (ethylene oxide) imported in Asia surged to X tons, growing by X% against 2021. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, ethylene oxide imports skyrocketed to $X in 2022. Total imports indicated strong 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Vietnam (X tons), distantly followed by Malaysia (X tons), Turkey (X tons), Thailand (X tons) and Indonesia (X tons) represented the key importers of oxirane (ethylene oxide), together achieving X% of total imports. Singapore (X tons), Saudi Arabia (X tons), India (X tons), Pakistan (X tons), Bangladesh (X tons), the United Arab Emirates (X tons) and the Philippines (X tons) followed a long way behind the leaders.

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

In value terms, the largest ethylene oxide importing markets in Asia were Thailand ($X), Malaysia ($X) and Turkey ($X), with a combined X% share of total imports. Vietnam, Singapore, India, Indonesia, Saudi Arabia, the United Arab Emirates, Pakistan, the Philippines and Bangladesh lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to 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, remaining constant against the previous year. Overall, the import price showed a perceptible slump. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 India ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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