Eastern Asia: Propylene Oxide Market 2024

Propylene Oxide Market Size in Eastern Asia

In 2022, after five years of growth, there was significant decline in the East Asian propylene oxide market, when its value decreased by X% to $X. In general, consumption continues to indicate a noticeable reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Propylene Oxide Production in Eastern Asia

In value terms, propylene oxide production reduced to $X in 2022 estimated in export price. The total production indicated notable growth 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 decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Propylene Oxide Exports

Exports in Eastern Asia

In 2022, shipments abroad of methyloxirane (propylene oxide) decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, propylene oxide exports reduced markedly to $X in 2022. In general, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, South Korea (X tons) represented the largest exporter of methyloxirane (propylene oxide), generating X% of total exports. China (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%).

From 2012 to 2022, average annual rates of growth with regard to propylene oxide exports from South Korea stood at X%. At the same time, China (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea and China increased by X and X percentage points, respectively.

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

In South Korea, propylene oxide exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a mild decrease. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then contracted markedly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, 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 Japan (X%), while the other leaders experienced a decline in the export price figures.

Propylene Oxide Imports

Imports in Eastern Asia

In 2022, overseas purchases of methyloxirane (propylene oxide) decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, propylene oxide imports reduced sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China represented the key importing country with an import of about X tons, which resulted at X% of total imports. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with a X% share, followed by South Korea (X%).

Imports into China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (X p.p.) and China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported methyloxirane (propylene oxide) in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price showed a slight descent. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then fell sharply in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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