Eastern Asia: Acyclic Hydrocarbons Market 2024

Acyclic Hydrocarbons Market Size in Eastern Asia

The East Asian acyclic hydrocarbons market amounted to $X in 2020, approximately reflecting the previous year. Overall, consumption, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2020, consumption failed to regain momentum.

Acyclic Hydrocarbons Production in Eastern Asia

In value terms, acyclic hydrocarbons production declined slightly to $X in 2020 estimated in export price. In general, production, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Acyclic Hydrocarbons Exports

Exports in Eastern Asia

In 2020, approx. X tons of acyclic hydrocarbons were exported in Eastern Asia; with a decrease of X% against 2019. The total export volume increased at an average annual rate of X% from 2012 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019, and then contracted in the following year.

In value terms, acyclic hydrocarbons exports declined rapidly to $X in 2020. Overall, exports recorded a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2020, the exports failed to regain momentum.

Exports by Country

South Korea was the major exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Japan (X tons), making up a X% share of total exports. China (X tons) followed a long way behind the leaders.

South Korea experienced a relatively flat trend pattern with regard to volume of exports of acyclic hydrocarbons. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2020. By contrast, China (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest acyclic hydrocarbons supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports.

From 2012 to 2020, the average annual growth rate of value in South Korea amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and China (X% per year).

Export Prices by Country

In 2020, the export price in Eastern Asia amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the export price figures.

Acyclic Hydrocarbons Imports

Imports in Eastern Asia

In 2020, acyclic hydrocarbons imports in Eastern Asia totaled X tons, approximately equating the year before. Total imports indicated a strong increase from 2012 to 2020: its volume increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2020, imports failed to regain momentum.

In value terms, acyclic hydrocarbons imports fell rapidly to $X in 2020. Over the period under review, imports, however, continue to indicate a pronounced decrease. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) was the key importer of acyclic hydrocarbons, making up X% of total imports. South Korea (X tons) ranks second in terms of the total imports with a X% share, followed by Taiwan (Chinese) (X%). Japan (X tons) held a relatively small share of total imports.

China was also the fastest-growing in terms of the acyclic hydrocarbons imports, with a CAGR of X% from 2012 to 2020. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) saw its share reduced by X% from 2012 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported acyclic hydrocarbons in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2020, the average annual growth rate of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2020, the import price in Eastern Asia amounted to $X per ton, reducing by X% against the previous year. In general, the import price saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2020, 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 Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :