Asia-Pacific: Ethylene Oxide Market 2024

Ethylene Oxide Market Size in Asia-Pacific

The Asia-Pacific ethylene oxide market declined markedly to $X in 2022, waning by X% against the previous year. In general, consumption, however, showed modest growth. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Ethylene Oxide Production in Asia-Pacific

In value terms, ethylene oxide production reduced to $X in 2022 estimated in export price. The total production indicated resilient 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. 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-Pacific

For the fourth year in a row, Asia-Pacific recorded growth in shipments abroad of oxirane (ethylene oxide), which increased by X% to X tons in 2022. Overall, exports saw a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, ethylene oxide exports amounted to $X in 2022. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced 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 resulted at X% of total exports. It was distantly followed by China (X tons), Singapore (X tons), Malaysia (X tons) and South Korea (X tons), together creating a X% share of total exports. Thailand (X tons) and Hong Kong SAR (X tons) took a relatively small 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-Pacific, 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-Pacific were India ($X), China ($X) and Malaysia ($X), together accounting for X% of total exports. Singapore, Thailand, South Korea and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of the value of exports, 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-Pacific amounted to $X per ton, standing approx. at the previous year. In general, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid 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.

Prices varied noticeably by country of origin: 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-Pacific

For the third consecutive year, Asia-Pacific recorded growth in supplies from abroad of oxirane (ethylene oxide), which increased by X% to X tons in 2022. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, ethylene oxide imports rose notably to $X in 2022. Total imports indicated a remarkable 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Vietnam (X tons), distantly followed by Malaysia (X tons), Thailand (X tons), Indonesia (X tons) and Singapore (X tons) represented the largest importers of oxirane (ethylene oxide), together mixing up X% of total imports. The following importers - India (X tons), Australia (X tons) and Pakistan (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Vietnam, 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-Pacific stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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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