Asia: Polycarboxylic Acid Market 2023

Polycarboxylic Acid Market Size in Asia

In 2021, the Asian polycarboxylic acid market decreased by -1.3% to $X, falling for the third year in a row after three years of growth. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Polycarboxylic Acid Production in Asia

In value terms, polycarboxylic acid production expanded rapidly to $X in 2021 estimated in export price. The total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.4% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 33% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Polycarboxylic Acid Exports

Exports in Asia

In 2021, polycarboxylic acid exports in Asia soared to X tons, growing by 35% against the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, polycarboxylic acid exports surged to $X in 2021. Overall, exports, however, recorded a slight descent. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X tons), distantly followed by South Korea (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) were the largest exporters of polycarboxylic acids, together making up 90% of total exports. Malaysia (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +27.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of exports in 2021, together accounting for 78% of total exports.

In terms of the main exporting countries, China, with a CAGR of +16.2%, 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 2021, the export price in Asia amounted to $X per ton, jumping by 26% against the previous year. In general, the export price, however, saw a perceptible contraction. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-1.6%), while the other leaders experienced a decline in the export price figures.

Polycarboxylic Acid Imports

Imports in Asia

In 2021, polycarboxylic acid imports in Asia soared to X tons, increasing by 22% against 2020. In general, imports, however, continue to indicate a perceptible downturn. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, polycarboxylic acid imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible setback. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of polycarboxylic acid imports in 2021 were India (X tons), Turkey (X tons) and Vietnam (X tons), together recording 59% of total import. Oman (X tons) ranks next in terms of the total imports with an 8.3% share, followed by China (7.6%) and Saudi Arabia (6.3%). Japan (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Saudi Arabia (with a CAGR of +20.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid importing markets in Asia were India ($X), Turkey ($X) and Vietnam ($X), together comprising 51% of total imports. These countries were followed by China, Saudi Arabia, Oman and Japan, which together accounted for a further 26%.

In terms of the main importing countries, Saudi Arabia, with a CAGR of +13.0%, 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 stood at $X per ton in 2021, jumping by 37% against the previous year. Over the period under review, the import price, however, showed a mild contraction. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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