Asia: Acyclic Hydrocarbons Market 2024

Acyclic Hydrocarbons Market Size in Asia

In 2020, the Asian acyclic hydrocarbons market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2020, consumption failed to regain momentum.

Acyclic Hydrocarbons Production in Asia

In value terms, acyclic hydrocarbons production reduced to $X in 2020 estimated in export price. Overall, production, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain momentum.

Acyclic Hydrocarbons Exports

Exports in Asia

In 2020, after four years of growth, there was significant decline in overseas shipments of acyclic hydrocarbons, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019, and then fell in the following year.

In value terms, acyclic hydrocarbons exports fell markedly to $X in 2020. In general, exports recorded a deep reduction. The growth pace was the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

South Korea represented the main exporter of acyclic hydrocarbons in Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2020. India (X tons) took the second position in the ranking, followed by Japan (X tons), Iran (X tons), Singapore (X tons), Malaysia (X tons) and Thailand (X tons). All these countries together held near X% share of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Iran (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest acyclic hydrocarbons supplying countries in Asia were South Korea ($X), Iran ($X) and India ($X), together comprising X% of total exports.

In terms of the main exporting countries, Iran, 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 mixed trends in the exports figures.

Export Prices by Country

In 2020, the export price in Asia amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price showed a deep slump. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Iran ($X per ton) and Singapore ($X per ton), while India ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced a decline in the export price figures.

Acyclic Hydrocarbons Imports

Imports in Asia

In 2020, approx. X tons of acyclic hydrocarbons were imported in Asia; picking up by X% compared with the previous year's figure. Total imports indicated buoyant growth from 2012 to 2020: its volume increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by X% against 2012 indices. The growth pace was the most rapid in 2017 with an increase of X%. The volume of import peaked in 2020 and is expected to retain growth in years to come.

In value terms, acyclic hydrocarbons imports fell to $X in 2020. Overall, imports, however, recorded a mild descent. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports failed to regain momentum.

Imports by Country

In 2020, China (X tons) represented the major importer of acyclic hydrocarbons, generating X% of total imports. India (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%), Indonesia (X%), Taiwan (Chinese) (X%) and Singapore (X%). The following importers - Japan (X tons) and Malaysia (X tons) - each amounted to a X% share of total imports.

From 2012 to 2020, average annual rates of growth with regard to acyclic hydrocarbons imports into China stood at X%. At the same time, India (X%), Singapore (X%), South Korea (X%), Japan (X%), Indonesia (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2020. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2020, the share of India and China increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported acyclic hydrocarbons in Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and India (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2020, falling by X% against the previous year. In general, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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