Asia: Carbon Dioxide Market 2024

Carbon Dioxide Market Size in Asia

For the third year in a row, the Asian carbon dioxide market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Carbon Dioxide Production in Asia

In value terms, carbon dioxide production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. The level of production peaked in 2022 and is likely to see steady growth in years to come.

Carbon Dioxide Exports

Exports in Asia

In 2022, exports of carbon dioxide in Asia rose rapidly to X tons, surging by X% compared with the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, carbon dioxide exports fell to $X in 2022. Total exports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

China (X tons), Turkey (X tons), Bahrain (X tons), Kuwait (X tons), Malaysia (X tons), Singapore (X tons) and Thailand (X tons) represented roughly X% of total exports in 2022. It was distantly followed by India (X tons), achieving a X% share of total exports. The following exporters - Oman (X tons), Saudi Arabia (X tons), South Korea (X tons) and Israel (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bahrain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the largest carbon dioxide supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by South Korea, with an X% share.

In Israel, carbon dioxide exports declined by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price saw a perceptible contraction. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Carbon Dioxide Imports

Imports in Asia

In 2022, the amount of carbon dioxide imported in Asia skyrocketed to X tons, picking up by X% on 2021 figures. Total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. 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 in 2022 and are likely to continue growth in the immediate term.

In value terms, carbon dioxide imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia represented the main importing country with an import of around X tons, which finished at X% of total imports. Iraq (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%), the United Arab Emirates (X%), South Korea (X%) and Indonesia (X%). Lebanon (X tons), Jordan (X tons), Kazakhstan (X tons), Cambodia (X tons), Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and Palestine (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to carbon dioxide imports into Saudi Arabia stood at X%. At the same time, South Korea (X%), Taiwan (Chinese) (X%), Palestine (X%), Kazakhstan (X%), Indonesia (X%), Lebanon (X%), Iraq (X%), Cambodia (X%) and Jordan (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%), Hong Kong SAR (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Saudi Arabia (X p.p.), South Korea (X p.p.), Taiwan (Chinese) (X p.p.), Palestine (X p.p.) and Kazakhstan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (X p.p.), Singapore (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported carbon dioxide in Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In the United Arab Emirates, carbon dioxide imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform