China: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in China

In 2022, the Chinese industrial stearic acid market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a perceptible contraction. Industrial stearic acid consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Industrial Stearic Acid Production in China

In value terms, industrial stearic acid production declined modestly to $X in 2022 estimated in export price. Overall, production showed a deep downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Industrial Stearic Acid Exports

Exports from China

For the eighth consecutive year, China recorded growth in shipments abroad of industrial stearic acid, which increased by X% to X tons in 2022. Over the period under review, exports continue to indicate a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial stearic acid exports surged to $X in 2022. In general, exports enjoyed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for industrial stearic acid exports from China, accounting for a X% share of total exports. Moreover, industrial stearic acid exports to Mexico exceeded the volume sent to the second major destination, Russia (X tons), twofold. Thailand (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Thailand (X% per year).

In value terms, Mexico ($X) emerged as the key foreign market for industrial stearic acid exports from China, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with an X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the average industrial stearic acid export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Nigeria ($X per ton) and Japan ($X per ton), while the average price for exports to India ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Stearic Acid Imports

Imports into China

In 2022, approx. X tons of industrial stearic acid were imported into China; increasing by X% on the previous year. In general, total imports indicated a noticeable 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, industrial stearic acid imports soared to $X in 2022. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest industrial stearic acid supplier to China, accounting for a X% share of total imports. Moreover, industrial stearic acid imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume from Indonesia totaled X%.

In value terms, Indonesia ($X) constituted the largest supplier of industrial stearic acid to China, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia stood at X%.

Import Prices by Country

The average industrial stearic acid import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price 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, industrial stearic acid import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Indonesia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%).

Source: IndexBox Platform

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