Asia: Other Chemical Products Market 2024

Other Chemical Products Market Size in Asia

The Asian other chemical products market reached $X in 2022, increasing by X% against the previous year. Overall, consumption, however, recorded a deep setback. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Other Chemical Products Production in Asia

In value terms, other chemical products production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Other Chemical Products Exports

Exports in Asia

In 2022, approx. X tons of other chemical products were exported in Asia; rising by X% compared with 2021 figures. Over the period under review, exports, however, faced a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, other chemical products exports soared to $X in 2022. In general, exports, however, faced a dramatic slump. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. India (X tons) took the second position in the ranking, followed by Vietnam (X tons). All these countries together took approx. X% share of total exports. Democratic People's Republic of Korea (X tons) and Hong Kong SAR (X tons) took a relatively small share of total exports.

Saudi Arabia was also the fastest-growing in terms of the other chemical products exports, with a CAGR of X% from 2012 to 2022. Democratic People's Republic of Korea (X%), India (X%), Vietnam (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.), India (X p.p.), Vietnam (X p.p.) and Democratic People's Republic of Korea (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest other chemical products supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Democratic People's Republic of Korea, with a X% share.

In Saudi Arabia, other chemical products exports contracted by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Democratic People's Republic of Korea (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 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 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

Other chemical products imports declined slightly to X tons in 2022, standing approx. at the previous year's figure. Overall, imports saw a sharp downturn. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, other chemical products imports shrank slightly to $X in 2022. Over the period under review, imports recorded a significant decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam was the main importer of other chemical products in Asia, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Saudi Arabia (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Oman (X%) and Iraq (X%). Turkmenistan (X tons), Iran (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to other chemical products imports into Vietnam stood at X%. At the same time, Iraq (X%), Oman (X%) and Turkmenistan (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%), Iran (X%) and India (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, Oman, Saudi Arabia, Iraq, Turkmenistan and Iran increased by X, X, X, X, X and X percentage points, respectively.

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

In Vietnam, other chemical products imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, approximately reflecting the previous year. Overall, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Turkmenistan ($X per ton), while Iraq ($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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