Asia: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Asia

In 2023, after two years of growth, there was decline in the Asian market for palmitic acid, stearic acid, their salts and esters, when its value decreased by X% to $X. Over the period under review, consumption recorded a mild downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in Asia

In value terms, production of palmitic acid, stearic acid, their salts and esters totaled $X in 2023 estimated in export price. Over the period under review, production showed a mild downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports in Asia

In 2023, shipments abroad of palmitic acid, stearic acid, their salts and esters decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2022, and then fell in the following year.

In value terms, exports of palmitic acid, stearic acid, their salts and esters fell dramatically to $X in 2023. Total exports indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then contracted dramatically in the following year.

Exports by Country

In 2023, Indonesia (X tons) and Malaysia (X tons) represented the key exporters of palmitic acid, stearic acid, their salts and esters in Asia, together accounting for approx. X% of total exports. India (X tons) ranks next in terms of the total exports with an X% share, followed by Singapore (X%). The following exporters - China (X tons) and Turkey (X tons) - each reached a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest palmitic acid, stearic acid, their salts and esters supplying countries in Asia were Indonesia ($X), Malaysia ($X) and India ($X), together accounting for X% of total exports.

Indonesia, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the export price in Asia amounted to $X per ton, dropping by X% against the previous year. Overall, the export price continues to indicate a slight slump. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then shrank significantly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports in Asia

Imports of palmitic acid, stearic acid, their salts and esters was estimated at X tons in 2023, approximately mirroring 2022 figures. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, imports of palmitic acid, stearic acid, their salts and esters reduced to $X in 2023. Total imports indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports of reached the maximum at $X in 2022, and then reduced in the following year.

Imports by Country

In 2023, China (X tons), Malaysia (X tons), Japan (X tons) and India (X tons) was the largest importer of palmitic acid, stearic acid, their salts and esters in Asia, constituting X% of total import. Saudi Arabia (X tons) ranks next in terms of the total imports with a X% share, followed by South Korea (X%), the United Arab Emirates (X%) and Thailand (X%). The following importers - Indonesia (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons), Iran (X tons) and Sri Lanka (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Sri Lanka (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and India ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Malaysia, South Korea, Saudi Arabia, Indonesia, the United Arab Emirates, Thailand, Taiwan (Chinese), Vietnam, Iran and Sri Lanka lagged somewhat behind, together comprising a further X%.

Sri Lanka, 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 2023, the import price in Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then fell sharply in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform