Asia-Pacific: Market for Industrial Monocarboxylic Fatty Acids 2024

Market Size for Industrial Monocarboxylic Fatty Acids in Asia-Pacific

In 2022, the Asia-Pacific industrial monocarboxylic fatty acids market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Industrial Monocarboxylic Fatty Acids in Asia-Pacific

In value terms, industrial monocarboxylic fatty acids production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports in Asia-Pacific

In 2022, approx. X tons of industrial monocarboxylic fatty acids were exported in Asia-Pacific; increasing by X% compared with the previous year. In general, exports recorded a resilient expansion. 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 reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, industrial monocarboxylic fatty acids exports surged to $X in 2022. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Indonesia was the main exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Malaysia (X tons), making up a X% share of total exports. India (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest industrial monocarboxylic fatty acids supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports.

In Indonesia, industrial monocarboxylic fatty acids exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price 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, industrial monocarboxylic fatty acids export price increased by X% against 2019 indices. 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 attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Malaysia ($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 mixed trends in the export price figures.

Imports of Industrial Monocarboxylic Fatty Acids

Imports in Asia-Pacific

In 2022, the amount of industrial monocarboxylic fatty acids imported in Asia-Pacific skyrocketed to X tons, rising by X% compared with the previous year's figure. Over the period under review, imports posted a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids imports soared to $X in 2022. Overall, imports showed a strong increase. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

China represented the largest importer of industrial monocarboxylic fatty acids in Asia-Pacific, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Malaysia (X tons) ranks second in terms of the total imports with a X% share, followed by India (X%), South Korea (X%) and Singapore (X%). Japan (X tons) took a relatively small share of total imports.

China was also the fastest-growing in terms of the industrial monocarboxylic fatty acids imports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%), Malaysia (X%), South Korea (X%), Singapore (X%) and Japan (X%) displayed positive paces of growth. While the share of China (X p.p.) and India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.), South Korea (X p.p.), Malaysia (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported industrial monocarboxylic fatty acids in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by India, with a X% share.

In China, industrial monocarboxylic fatty acids imports 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: Malaysia (X% per year) and India (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price 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, industrial monocarboxylic fatty acids import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

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