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China - Industrial Monocarboxylic Fatty Acids - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina: Market for Industrial Monocarboxylic Fatty Acids 2024
Market Size for Industrial Monocarboxylic Fatty Acids in China
In 2023, the Chinese industrial monocarboxylic fatty acids market increased by X% to $X, rising for the third consecutive year after three years of decline. Overall, the total consumption indicated a strong 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, consumption increased by X% against 2020 indices. Industrial monocarboxylic fatty acids consumption peaked in 2023 and is expected to retain growth in the immediate term.
Production of Industrial Monocarboxylic Fatty Acids in China
In value terms, industrial monocarboxylic fatty acids production rose significantly to $X in 2023 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2023: its value 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, production attained the maximum level in 2023 and is likely to continue growth in years to come.
Exports of Industrial Monocarboxylic Fatty Acids
Exports from China
In 2023, shipments abroad of industrial monocarboxylic fatty acids decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a pronounced setback. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.
In value terms, industrial monocarboxylic fatty acids exports shrank markedly to $X in 2023. Overall, exports recorded a pronounced decline. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then reduced sharply in the following year.
Exports by Country
South Korea (X tons), Hong Kong SAR (X tons) and Indonesia (X tons) were the main destinations of industrial monocarboxylic fatty acids exports from China, together accounting for X% of total exports. Chile, Taiwan (Chinese), Singapore, the United States, Malaysia, Democratic People's Republic of Korea, Japan and Germany lagged somewhat behind, together accounting for a further X%.
From 2012 to 2023, the biggest increases were recorded for Democratic People's Republic of Korea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Hong Kong SAR ($X), Indonesia ($X) and the United States ($X) appeared to be the largest markets for industrial monocarboxylic fatty acids exported from China worldwide, with a combined X% share of total exports. South Korea, Taiwan (Chinese), Singapore, Chile, Malaysia, Japan, Democratic People's Republic of Korea and Germany lagged somewhat behind, together comprising a further X%.
In terms of the main countries of destination, Democratic People's Republic of Korea, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average industrial monocarboxylic fatty acids export price stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Industrial Monocarboxylic Fatty Acids
Imports into China
For the fifth year in a row, China recorded growth in overseas purchases of industrial monocarboxylic fatty acids, which increased by X% to X tons in 2023. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.
In value terms, industrial monocarboxylic fatty acids imports declined to $X in 2023. In general, imports posted buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2022, and then declined in the following year.
Imports by Country
In 2023, Indonesia (X tons) constituted the largest industrial monocarboxylic fatty acids supplier to China, with a X% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was held by the Philippines (X tons), with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and the Philippines (X% per year).
In value terms, Indonesia ($X) constituted the largest supplier of industrial monocarboxylic fatty acids to China, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with an X% share of total imports. It was followed by the Philippines, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and the Philippines (X% per year).
Import Prices by Country
In 2023, the average industrial monocarboxylic fatty acids import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price showed a mild shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2022, and then contracted dramatically in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Thailand ($X per ton) and Malaysia ($X per ton), while the price for the Philippines ($X per ton) and Indonesia ($X per ton) were amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for industrial monocarboxylic fatty acids 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 20143195 - Industrial monocarboxylic fatty acids distilled (excluding stearic, oleic tall oil)
- Prodcom 20143197 - Industrial monocarboxylic fatty acids (excluding stearic, oleic, t all oil, distilled)
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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