Asia-Pacific: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Asia-Pacific

The Asia-Pacific polycarboxylic acid market dropped to $X in 2023, falling by X% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Polycarboxylic Acid Production in Asia-Pacific

In value terms, polycarboxylic acid production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Polycarboxylic Acid Exports

Exports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded growth in shipments abroad of polycarboxylic acids, which increased by X% to X tons in 2023. Total exports indicated slight 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. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, polycarboxylic acid exports shrank to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2022, and then fell in the following year.

Exports by Country

China was the largest exporter of polycarboxylic acids in Asia-Pacific, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. South Korea (X tons) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons) and Thailand (X tons). All these countries together held approx. X% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the polycarboxylic acids exports, with a CAGR of X% from 2012 to 2023. At the same time, Malaysia (X%) displayed positive paces of growth. By contrast, Thailand (X%), Taiwan (Chinese) (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest polycarboxylic acid supplying countries in Asia-Pacific were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), together comprising X% of total exports.

Among 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 leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a pronounced curtailment. The growth pace was the most rapid 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 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Malaysia ($X per ton), while Thailand ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the export price figures.

Polycarboxylic Acid Imports

Imports in Asia-Pacific

In 2023, purchases abroad of polycarboxylic acids decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports showed a perceptible descent. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, polycarboxylic acid imports fell to $X in 2023. In general, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

India represented the largest importing country with an import of about X tons, which resulted at X% of total imports. Vietnam (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by China (X%), Japan (X%) and Pakistan (X%). The following importers - Taiwan (Chinese) (X tons) and Indonesia (X tons) - each accounted for a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported polycarboxylic acids in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by China, with an X% share.

In India, polycarboxylic acid imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, reducing by X% against the previous year. In general, the import price showed a slight setback. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

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 Taiwan (Chinese) ($X per ton), while Vietnam ($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 a decline in the import price figures.

Source: IndexBox Platform