Asia: Market for Epoxides, Epoxyalcohols, -Phenols, Epoxyethers, With A 3- Membered Ring And Their Halogenated, Sulphonated, Nitrated/Nitrosated Derivatives Excluding Oxirane, Methyloxirane (Propylene Oxide) 2024

Market Size for Epoxides, Epoxyalcohols, -Phenols, Epoxyethers, With A 3- Membered Ring And Their Halogenated, Sulphonated, Nitrated/Nitrosated Derivatives Excluding Oxirane, Methyloxirane (Propylene Oxide) in Asia

The Asian market for epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) stood at $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Epoxides, Epoxyalcohols, -Phenols, Epoxyethers, With A X- Membered Ring And Their Halogenated, Sulphonated, Nitrated/Nitrosated Derivatives Excluding Oxirane, Methyloxirane (Propylene Oxide) in Asia

In value terms, production of epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) amounted to $X in 2023 estimated in export price. The total production indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production of growth failed to regain momentum.

Exports of Epoxides, Epoxyalcohols, -Phenols, Epoxyethers, With A 3- Membered Ring And Their Halogenated, Sulphonated, Nitrated/Nitrosated Derivatives Excluding Oxirane, Methyloxirane (Propylene Oxide)

Exports in Asia

After three years of growth, overseas shipments of epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) decreased by X% to X tons in 2023. Total exports indicated resilient growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when exports increased by X%. The volume of export peaked at X tons in 2022, and then shrank remarkably in the following year.

In value terms, exports of epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) dropped markedly to $X in 2023. Over the period under review, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2022, and then reduced dramatically in the following year.

Exports by Country

In 2023, Thailand (X tons) represented the key exporter of epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide), achieving X% of total exports. It was distantly followed by China (X tons), Japan (X tons) and South Korea (X tons), together constituting a X% share of total exports. The following exporters - India (X tons) and Taiwan (Chinese) (X tons) - each finished at an X% share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%), China (X%) and South Korea (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. Japan experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Thailand, China and India increased by X, X and X percentage points, respectively.

In value terms, China ($X), Thailand ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports. South Korea, India and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, declining by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then shrank remarkably in the following year.

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 China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Epoxides, Epoxyalcohols, -Phenols, Epoxyethers, With A 3- Membered Ring And Their Halogenated, Sulphonated, Nitrated/Nitrosated Derivatives Excluding Oxirane, Methyloxirane (Propylene Oxide)

Imports in Asia

In 2023, purchases abroad of epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Total imports indicated moderate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2022, and then fell slightly in the following year.

In value terms, imports of epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) dropped sharply to $X in 2023. Overall, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports of attained the peak figure at $X in 2022, and then shrank rapidly in the following year.

Imports by Country

South Korea (X tons) and India (X tons) prevails in oxide) structure, together achieving X% of total imports. Japan (X tons) ranks next in terms of the total imports with an X% share, followed by Taiwan (Chinese) (X%) and China (X%). Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constitutes the largest market for imported epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) in Asia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by China, with an X% share.

In South Korea, imports of epoxides, epoxyalcohols, -phenols, epoxyethers, with a X- membered ring and their halogenated, sulphonated, nitrated/nitrosated derivatives excluding oxirane, methyloxirane (propylene oxide) expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, declining by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then fell dramatically 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 China ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform