Eastern Asia: Market for Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters 2024

Market Size for Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters in Eastern Asia

The East Asian market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters dropped slightly to $X in 2023, approximately equating the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Production of Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters in Eastern Asia

In value terms, production of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters rose modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production of growth remained at a somewhat lower figure.

Exports of Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters

Exports in Eastern Asia

In 2023, the amount of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters exported in Eastern Asia skyrocketed to X tons, picking up by X% compared with the previous year's figure. In general, exports saw a strong expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, exports of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters fell to $X in 2023. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then declined in the following year.

Exports by Country

China dominates esters structure, recording X tons, which was approx. X% of total exports in 2023. Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters exports, with a CAGR of X% from 2012 to 2023. Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price recorded a noticeable decrease. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%).

Imports of Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters

Imports in Eastern Asia

In 2023, overseas purchases of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters decreased by X% to X tons, falling for the third year in a row after three years of growth. Overall, imports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, imports of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters reduced sharply to $X in 2023. In general, imports saw a slight downturn. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

China represented the key importing country with an import of around X tons, which finished at X% of total imports. South Korea (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Japan (X%) and Taiwan (Chinese) (X%).

Imports into China decreased at an average annual rate of X% from 2012 to 2023. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Japan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Taiwan (Chinese) (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), with a combined X% share of total imports.

In terms of the main importing countries, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to 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 2023, the import price in Eastern Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform