Global Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size

The global industrial stearic acid market rose sharply to $X in 2022, increasing by X% against the previous year. In general, consumption showed a slight contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the global market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Industrial Stearic Acid Production

In value terms, industrial stearic acid production rose remarkably to $X in 2022 estimated in export price. Overall, production recorded a pronounced shrinkage. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, global production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Industrial Stearic Acid Exports

Exports

In 2022, approx. X tons of industrial stearic acid were exported worldwide; which is down by X% on 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then fell modestly in the following year.

In value terms, industrial stearic acid exports expanded notably to $X in 2022. Over the period under review, exports, however, saw measured growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. The global exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Indonesia was the main exporting country with an export of around X tons, which finished at X% of total exports. Malaysia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (X%). The following exporters - Sweden (X tons), Germany (X tons), Italy (X tons) and China (X tons) - each reached an X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2022, together comprising X% of global exports. Sweden, Germany, China and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, China, 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 global leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial stearic acid export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, export price indicated mild growth 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, industrial stearic acid export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain 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 Sweden ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Industrial Stearic Acid Imports

Imports

Global industrial stearic acid imports fell modestly to X tons in 2022, reducing by X% compared with the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, global imports hit record highs at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, industrial stearic acid imports soared to $X in 2022. Overall, imports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

China was the major importing country with an import of around X tons, which finished at X% of total imports. The Netherlands (X tons) ranks second in terms of the total imports with a X% share, followed by South Korea (X%) and Turkey (X%). The following importers - Germany (X tons), Russia (X tons), the United States (X tons), Thailand (X tons), Japan (X tons), Singapore (X tons), Malaysia (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to industrial stearic acid imports into China stood at X%. At the same time, Russia (X%), Malaysia (X%), Vietnam (X%), the United States (X%), Turkey (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. South Korea, Thailand and Japan experienced a relatively flat trend pattern. By contrast, Singapore (X%), Taiwan (Chinese) (X%) and Germany (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Russia, the United States and Malaysia increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial stearic acid worldwide, comprising X% of global imports. The second position in the ranking was taken by Turkey ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average industrial stearic acid import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, import price indicated a measured 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. Based on 2022 figures, industrial stearic acid import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Global import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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