Eastern Asia: Carbon Dioxide Market 2024

Carbon Dioxide Market Size in Eastern Asia

The East Asian carbon dioxide market amounted to $X in 2022, surging by X% against the previous year. Overall, consumption enjoyed noticeable growth. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Carbon Dioxide Production in Eastern Asia

In value terms, carbon dioxide production dropped modestly to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value 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, production increased by X% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X, and then shrank modestly in the following year.

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

Carbon Dioxide Exports

Exports in Eastern Asia

In 2022, shipments abroad of carbon dioxide decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total exports indicated temperate growth 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, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, carbon dioxide exports reduced to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value 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, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

China was the main exporting country with an export of around X tons, which amounted to X% of total exports. South Korea (X tons) ranks second in terms of the total exports with a X% share, followed by Taiwan (Chinese) (X%).

China was also the fastest-growing in terms of the carbon dioxide exports, with a CAGR of X% from 2012 to 2022. Taiwan (Chinese) (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (X p.p.) and South Korea (X p.p.) displayed negative dynamics.

In value terms, China ($X), Taiwan (Chinese) ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. Export price indicated a moderate 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, carbon dioxide export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($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 (X%), while the other leaders experienced more modest paces of growth.

Carbon Dioxide Imports

Imports in Eastern Asia

Carbon dioxide imports surged to X tons in 2022, growing by X% on the previous year. Over the period under review, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, carbon dioxide imports dropped slightly to $X in 2022. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

South Korea represented the key importer of carbon dioxide in Eastern Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Taiwan (Chinese) (X tons) took the second position in the ranking, followed by Hong Kong SAR (X tons) and China (X tons). All these countries together held approx. X% share of total imports. Macao SAR (X tons) took a little share of total imports.

South Korea was also the fastest-growing in terms of the carbon dioxide imports, with a CAGR of X% from 2012 to 2022. At the same time, China (X%), Taiwan (Chinese) (X%) and Macao SAR (X%) displayed positive paces of growth. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. South Korea (X p.p.), Taiwan (Chinese) (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price showed a deep setback. The growth pace was the most rapid in 2015 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 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 China ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform