Asia-Pacific: Paraformaldehyde Market 2024

Paraformaldehyde Market Size in Asia-Pacific

In 2022, the Asia-Pacific paraformaldehyde market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a slight reduction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Paraformaldehyde Production in Asia-Pacific

In value terms, paraformaldehyde production stood at $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 most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Paraformaldehyde Exports

Exports in Asia-Pacific

In 2022, exports of paraformaldehyde in Asia-Pacific shrank to X tons, which is down by X% compared with the previous year. Total exports indicated a prominent increase from 2012 to 2022: its volume 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 2012 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, paraformaldehyde exports contracted modestly to $X in 2022. Overall, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

China (X tons) and Taiwan (Chinese) (X tons) were the key exporters of paraformaldehyde in 2022, finishing at approx. X% and X% of total exports, respectively. Indonesia (X tons) took the next position in the ranking, followed by India (X tons). All these countries together took approx. X% share of total exports.

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

In value terms, the largest paraformaldehyde supplying countries in Asia-Pacific were China ($X), Taiwan (Chinese) ($X) and Indonesia ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Indonesia, 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, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Indonesia ($X per ton) and India ($X per ton), while China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

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

Paraformaldehyde Imports

Imports in Asia-Pacific

In 2022, paraformaldehyde imports in Asia-Pacific fell dramatically to X tons, declining by X% compared with 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then dropped rapidly in the following year.

In value terms, paraformaldehyde imports contracted to $X in 2022. Total imports indicated a pronounced expansion 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 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, South Korea (X tons), distantly followed by India (X tons), China (X tons), Bangladesh (X tons), Japan (X tons), Thailand (X tons) and Myanmar (X tons) were the key importers of paraformaldehyde, together constituting X% of total imports.

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

In value terms, the largest paraformaldehyde importing markets in Asia-Pacific were South Korea ($X), India ($X) and China ($X), together comprising X% of total imports. Japan, Bangladesh, Thailand and Myanmar lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Myanmar, with a CAGR of X%, recorded the highest growth rate of 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, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Myanmar ($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 more modest paces of growth.

Source: IndexBox Platform

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