Eastern Asia: Buta-1,3-Diene And Isoprene Market 2024

Buta-1,3-Diene And Isoprene Market Size in Eastern Asia

In 2022, the East Asian buta-1,3-diene and isoprene market decreased by -3.9% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Buta-1,3-Diene And Isoprene Production in Eastern Asia

In value terms, buta-1,3-diene and isoprene production dropped modestly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 39%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Buta-1,3-Diene And Isoprene Exports

Exports in Eastern Asia

In 2022, the amount of buta-1,3-diene and isoprene exported in Eastern Asia rose slightly to X tons, surging by 1.5% on the year before. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, buta-1,3-diene and isoprene exports amounted to $X in 2022. Over the period under review, exports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 97% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, South Korea (X tons) represented the largest exporter of buta-1,3-diene and isoprene, creating 50% of total exports. It was distantly followed by China (X tons) and Taiwan (Chinese) (X tons), together creating a 46% share of total exports. Japan (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +2.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest buta-1,3-diene and isoprene supplying countries in Eastern Asia were South Korea ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 97% share of total exports.

China, with a CAGR of -4.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, growing by 4.9% against the previous year. In general, the export price, however, showed a abrupt contraction. The growth pace was the most rapid in 2017 when the export price increased by 47% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-6.6%), while the other leaders experienced a decline in the export price figures.

Buta-1,3-Diene And Isoprene Imports

Imports in Eastern Asia

In 2022, approx. X tons of buta-1,3-diene and isoprene were imported in Eastern Asia; shrinking by -20.2% compared with the year before. In general, imports recorded a pronounced reduction. The growth pace was the most rapid in 2020 when imports increased by 13%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, buta-1,3-diene and isoprene imports fell rapidly to $X in 2022. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 57%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X tons), Taiwan (Chinese) (X tons) and China (X tons) was the largest importer of buta-1,3-diene and isoprene in Eastern Asia, comprising 84% of total import. It was distantly followed by Japan (X tons), comprising a 16% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +4.4%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, South Korea ($X), China ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2022, with a combined 79% share of total imports. Japan lagged somewhat behind, accounting for a further 21%.

Among the main importing countries, Japan, with a CAGR of -1.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, standing approx. at the previous year. In general, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when the import price increased by 51%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-6.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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