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Eastern Asia - Phenols and Other Oils and Oil Products - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEastern Asia: Market for Phenols And Other Oils And Oil Products 2024
Market Size for Phenols And Other Oils And Oil Products in Eastern Asia
In 2023, the East Asian market for phenols and other oils and oil products decreased by X% to $X, falling for the third consecutive year after four years of growth. Over the period under review, consumption continues to indicate a precipitous shrinkage. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.
Production of Phenols And Other Oils And Oil Products in Eastern Asia
In value terms, production of phenols and other oils and oil products contracted to $X in 2023 estimated in export price. Over the period under review, production, however, saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.
Exports of Phenols And Other Oils And Oil Products
Exports in Eastern Asia
In 2023, exports of phenols and other oils and oil products in Eastern Asia stood at X tons, increasing by X% against 2022. Overall, exports, however, continue to indicate a slight decline. 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 of reached the peak figure at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.
In value terms, exports of phenols and other oils and oil products contracted to $X in 2023. In general, exports, however, continue to indicate a mild shrinkage. The growth pace was the most rapid in 2016 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.
Exports by Country
In 2023, South Korea (X tons) represented the major exporter of phenols and other oils and oil products, creating X% of total exports. Taiwan (Chinese) (X tons) ranks second in terms of the total exports with a X% share, followed by Japan (X%). China (X tons) held a little share of total exports.
From 2012 to 2023, average annual rates of growth with regard to phenols and other oils and oil products exports from South Korea stood at X%. At the same time, Japan (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, China (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of South Korea, Taiwan (Chinese) and Japan increased by X, X and X percentage points, respectively.
In value terms, South Korea ($X) remains the largest phenols and other oils and oil products supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Japan, with a X% share.
From 2012 to 2023, the average annual growth rate of value in South Korea amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).
Export Prices by Country
The export price in Eastern Asia stood at $X per ton in 2023, which is down by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then contracted rapidly in the following year.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($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 export price figures.
Imports of Phenols And Other Oils And Oil Products
Imports in Eastern Asia
In 2023, overseas purchases of phenols and other oils and oil products decreased by X% to X tons, falling for the third consecutive year after seven years of growth. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of phenols and other oils and oil products reduced rapidly to $X in 2023. Over the period under review, imports recorded a deep setback. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of import peaked at $X in 2020; however, from 2021 to 2023, imports failed to regain momentum.
Imports by Country
South Korea (X tons), Japan (X tons) and China (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Taiwan (Chinese) (X tons), mixing up a X% share of total imports.
From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.
In value terms, the largest phenols and other oils and oil products importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together accounting for X% of total imports. These countries were followed by Taiwan (Chinese), which accounted for a further X%.
In terms of the main importing countries, Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.
Import Prices by Country
In 2023, the import price in Eastern Asia amounted to $X per ton, reducing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then contracted sharply in the following year.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while South Korea ($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
This report provides an in-depth analysis of the market for phenols and other oils and oil products in Eastern Asia. 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 20147360 - Phenols
- Prodcom 20147390 - Other oils and oil products, n.e.c.
Country coverage:
- China
- Democratic People's Republic of Korea
- Hong Kong SAR
- Japan
- Macao SAR
- South Korea
- Taiwan (Chinese)
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Eastern Asia, split by region and country
- Trade (exports and imports) in Eastern Asia
- 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
-
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
- CONSUMPTION BY COUNTRY
- 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
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- China
- Hong Kong SAR
- Macao SAR
- Japan
- South Korea
- Taiwan (Chinese)
- Democratic People's Republic of Korea
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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