Asia-Pacific: Other Chemical Products Market 2024

Other Chemical Products Market Size in Asia-Pacific

The Asia-Pacific other chemical products market expanded modestly to $X in 2022, picking up by X% against the previous year. Overall, consumption continues to indicate a deep setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Other Chemical Products Production in Asia-Pacific

In value terms, other chemical products production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production faced a deep reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Other Chemical Products Exports

Exports in Asia-Pacific

In 2022, overseas shipments of other chemical products were finally on the rise to reach X tons for the first time since 2013, thus ending a eight-year declining trend. Over the period under review, exports, however, saw a sharp decline. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, other chemical products exports surged to $X in 2022. Overall, exports, however, saw a sharp slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, India (X tons) and Vietnam (X tons) represented the largest exporters of other chemical products in Asia-Pacific, together comprising X% of total exports. Democratic People's Republic of Korea (X tons) ranks next in terms of the total exports with a X% share, followed by Hong Kong SAR (X%).

From 2012 to 2022, the biggest increases were recorded for Democratic People's Republic of Korea (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, India ($X), Democratic People's Republic of Korea ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Democratic People's Republic of Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Democratic People's Republic of Korea ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (X%), while the other leaders experienced mixed trends in the export price figures.

Other Chemical Products Imports

Imports in Asia-Pacific

In 2022, imports of other chemical products in Asia-Pacific dropped to X tons, declining by X% compared with the year before. Over the period under review, imports continue to indicate a significant decline. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, other chemical products imports fell to $X in 2022. Overall, imports showed a dramatic contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam prevails in imports structure, amounting to X tons, which was near X% of total imports in 2022. India (X tons), New Caledonia (X tons) and Bangladesh (X tons) held a little share of total imports.

Imports into Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, New Caledonia (X%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Bangladesh (X%) and India (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and New Caledonia (X p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported other chemical products in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by New Caledonia ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled X%. In the other countries, the average annual rates were as follows: New Caledonia (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, approximately equating the previous year. In general, the import price showed a slight downturn. The growth pace was the most rapid in 2019 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 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 New Caledonia ($X per ton), while Bangladesh ($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 more modest paces of growth.

Source: IndexBox Platform

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