Southern Asia: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Southern Asia

In 2023, the South Asian saturated acyclic monocarboxylic acids market decreased by X% to $X, falling for the second year in a row after two years of growth. The total consumption indicated a prominent 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 decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Saturated Acyclic Monocarboxylic Acids in Southern Asia

In value terms, saturated acyclic monocarboxylic acids production dropped 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. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2022, and then contracted in the following year.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports in Southern Asia

In 2023, exports of saturated acyclic monocarboxylic acids in Southern Asia dropped to X tons, shrinking by X% compared with the previous year. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, saturated acyclic monocarboxylic acids exports contracted markedly to $X in 2023. Total exports indicated a measured increase 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. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then contracted rapidly in the following year.

Exports by Country

In 2023, India (X tons) was the major exporter of saturated acyclic monocarboxylic acids in Southern Asia, generating X% of total export.

India experienced a relatively flat trend pattern with regard to volume of exports of saturated acyclic monocarboxylic acids. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest saturated acyclic monocarboxylic acids supplier in Southern Asia.

In India, saturated acyclic monocarboxylic acids exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, reducing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then contracted in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports in Southern Asia

In 2023, supplies from abroad of saturated acyclic monocarboxylic acids decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, saturated acyclic monocarboxylic acids imports fell rapidly to $X in 2023. Over the period under review, imports, however, enjoyed noticeable growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then reduced remarkably in the following year.

Imports by Country

India dominates imports structure, reaching X tons, which was near X% of total imports in 2023. It was distantly followed by Pakistan (X tons), creating a X% share of total imports. Bangladesh (X tons) took a little share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2023. At the same time, Bangladesh (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. While the share of Pakistan (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported saturated acyclic monocarboxylic acids in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports.

In India, saturated acyclic monocarboxylic acids imports increased 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: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price saw a slight slump. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then reduced sharply 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 Bangladesh ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform