Eastern Asia: Ethylene Oxide Market 2024

Ethylene Oxide Market Size in Eastern Asia

The East Asian ethylene oxide market reduced dramatically to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, recorded mild growth. As a result, consumption attained the peak level of $X, and then declined significantly in the following year.

Ethylene Oxide Production in Eastern Asia

In value terms, ethylene oxide production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2021, and then dropped in the following year.

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Ethylene Oxide Exports

Exports in Eastern Asia

In 2022, overseas shipments of oxirane (ethylene oxide) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a strong increase. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, ethylene oxide exports fell remarkably to $X in 2022. In general, exports, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank sharply in the following year.

Exports by Country

China represented the main exporter of oxirane (ethylene oxide) in Eastern Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by South Korea (X tons) and Hong Kong SAR (X tons), together achieving a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. From 2012 to 2022, the share of China and Hong Kong SAR increased by X and X percentage points, respectively.

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

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

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($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 a decline in the export price figures.

Ethylene Oxide Imports

Imports in Eastern Asia

In 2022, ethylene oxide imports in Eastern Asia dropped remarkably to X tons, shrinking by X% compared with the previous year. Over the period under review, imports showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, ethylene oxide imports dropped to $X in 2022. In general, imports saw a pronounced curtailment. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X tons) and Taiwan (Chinese) (X tons) dominates imports structure, together committing X% of total imports. Japan (X tons) and China (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, South Korea ($X) constitutes the largest market for imported oxirane (ethylene oxide) in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by Japan, with a X% share.

In South Korea, ethylene oxide imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Import price indicated a tangible expansion 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. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: 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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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