Eastern Asia: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Eastern Asia

For the third year in a row, the East Asian tall oil fatty acids market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption saw a slight curtailment. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Industrial Tall Oil Fatty Acids in Eastern Asia

In value terms, tall oil fatty acids production reached $X in 2022 estimated in export price. Over the period under review, production saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Industrial Tall Oil Fatty Acids

Exports in Eastern Asia

Tall oil fatty acids exports contracted dramatically to X tons in 2022, which is down by X% against the previous year. In general, exports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, tall oil fatty acids exports fell notably to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Japan was the largest exporting country with an export of about X tons, which resulted at X% of total exports. China (X tons) ranks second in terms of the total exports with a X% share, followed by South Korea (X%). Hong Kong SAR (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

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

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price recorded a perceptible increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in South Korea ($X per ton) and Hong Kong SAR ($X per ton), while Japan ($X per ton) and China ($X per ton) were 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 more modest paces of growth.

Imports of Industrial Tall Oil Fatty Acids

Imports in Eastern Asia

In 2022, tall oil fatty acids imports in Eastern Asia dropped remarkably to X tons, which is down by X% on 2021 figures. Overall, imports showed a perceptible decline. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, tall oil fatty acids imports rose rapidly to $X in 2022. In general, imports showed a mild decline. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

South Korea (X tons) and Japan (X tons) represented roughly X% of total imports in 2022. China (X tons) took the next position in the ranking, distantly followed by Taiwan (Chinese) (X tons). All these countries together took near X% share of total imports.

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

In value terms, the largest tall oil fatty acids importing markets in Eastern Asia were South Korea ($X), Japan ($X) and China ($X), together accounting for X% of total imports.

Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Import price indicated a measured 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, tall oil fatty acids import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and South Korea ($X per ton), while China ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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