China - Lauric Acid And Others, Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Lauric Acid and Other Acids, Their Salts and Esters in China - 2023
Contents:
- Price for Lauric Acid and Other Acids, Their Salts and Esters in China (CIF) - 2023
- Price for Lauric Acid and Other Acids, Their Salts and Esters in China (FOB) - 2023
- Imports of Lauric Acid and Other Acids, Their Salts and Esters in China
- Exports of Lauric Acid and Other Acids, Their Salts and Esters in China
Price for Lauric Acid and Other Acids, Their Salts and Esters in China (CIF) - 2023
In December 2023, the average import price for lauric acid and other acids, their salts and esters amounted to $1,779 per ton, stabilizing at the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 27% m-o-m. Over the period under review, average import prices attained the peak figure at $2,293 per ton in June 2023; however, from July 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($2,899 per ton), while the price for Indonesia ($1,023 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Lauric Acid and Other Acids, Their Salts and Esters in China (FOB) - 2023
The average export price for lauric acid and other acids, their salts and esters stood at $3,029 per ton in December 2023, declining by -14.9% against the previous month. Overall, the export price showed a slight shrinkage. The growth pace was the most rapid in January 2023 an increase of 9.5% against the previous month. The export price peaked at $4,503 per ton in April 2023; however, from May 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($4,882 per ton), while the average price for exports to Malaysia ($1,083 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Lauric Acid and Other Acids, Their Salts and Esters in China
Imports of lauric acid and other acids, their salts and esters into China rose remarkably to 253K tons in 2022, with an increase of 12% against 2021 figures. The total import volume increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 24%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of lauric acid and other acids, their salts and esters expanded markedly to $582M in 2022. Over the period under review, imports saw prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 76% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
Import of Lauric Acid and Other Acids, Their Salts and Esters in China (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 71.2 | 59.8 | 116 | 132 | 22.8% |
Indonesia | 45.9 | 36.9 | 85.4 | 118 | 37.0% |
Japan | 71.9 | 51.3 | 93.6 | 90.0 | 7.8% |
Germany | 66.6 | 41.4 | 54.0 | 87.3 | 9.4% |
United States | 20.7 | 19.4 | 57.5 | 42.5 | 27.1% |
Netherlands | 18.4 | 22.2 | 23.3 | 31.2 | 19.2% |
United Kingdom | 15.0 | 11.3 | 16.9 | 13.9 | -2.5% |
Others | 53.9 | 49.8 | 66.1 | 67.0 | 7.5% |
Total | 364 | 292 | 513 | 582 | 16.9% |
Top Suppliers of Lauric Acid and Other Acids, Their Salts and Esters to China in 2022:
- Indonesia (77.8K tons)
- Malaysia (68.6K tons)
- Japan (32.7K tons)
- Germany (28.1K tons)
- United States (12.8K tons)
- Netherlands (9.3K tons)
- United Kingdom (6.5K tons)
Exports of Lauric Acid and Other Acids, Their Salts and Esters in China
In 2022, after three years of growth, there was significant decline in overseas shipments of lauric acid and other acids, their salts and esters, when their volume decreased by -8.3% to 75K tons. The total export volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 14%.
In value terms, exports of lauric acid and other acids, their salts and esters soared to $354M in 2022. The total export value increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Lauric Acid and Other Acids, Their Salts and Esters in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 78.9 | 86.2 | 87.9 | 97.9 | 7.5% |
Japan | 27.7 | 25.6 | 27.9 | 31.8 | 4.7% |
Netherlands | 13.5 | 12.3 | 19.3 | 26.6 | 25.4% |
United States | 15.0 | 14.1 | 19.2 | 21.7 | 13.1% |
Germany | 21.1 | 17.9 | 20.3 | 20.3 | -1.3% |
United Kingdom | 34.2 | 19.9 | 19.6 | 18.8 | -18.1% |
South Korea | 9.7 | 10.0 | 17.3 | 18.4 | 23.8% |
Russia | 0.4 | 0.7 | 1.5 | 13.0 | 219.1% |
Belgium | 16.0 | 8.6 | 8.6 | 9.9 | -14.8% |
Taiwan (Chinese) | 11.5 | 8.9 | 9.5 | 9.6 | -5.8% |
Spain | 5.5 | 4.7 | 6.5 | 7.5 | 10.9% |
United Arab Emirates | 1.7 | 3.0 | 5.3 | 6.6 | 57.2% |
Malaysia | 1.4 | 2.3 | 3.0 | 3.3 | 33.1% |
Others | 47.5 | 44.1 | 51.3 | 68.9 | 13.2% |
Total | 284 | 258 | 297 | 354 | 7.6% |
Top Export Markets for Lauric Acid and Other Acids, Their Salts and Esters from China in 2022:
- India (29.6K tons)
- United Kingdom (5.9K tons)
- Japan (5.7K tons)
- South Korea (4.9K tons)
- United States (3.4K tons)
- Netherlands (3.4K tons)
- Germany (2.6K tons)
- Russia (2.5K tons)
- Taiwan (Chinese) (1.8K tons)
- Belgium (1.8K tons)
- Malaysia (1.6K tons)
- Spain (1.4K tons)
- United Arab Emirates (1.3K tons)
This report provides an in-depth analysis of the market for lauric acid and other acids, their salts and esters in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143280 - Lauric acid and others, salts and esters
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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