Asia-Pacific: Ethylbenzene Market 2024

Ethylbenzene Market Size in Asia-Pacific

The Asia-Pacific ethylbenzene market declined significantly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a measured increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Ethylbenzene Production in Asia-Pacific

In value terms, ethylbenzene production rose significantly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Ethylbenzene Exports

Exports in Asia-Pacific

In 2022, the amount of ethylbenzene exported in Asia-Pacific fell remarkably to X tons, which is down by X% against the previous year's figure. In general, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, ethylbenzene exports fell to $X in 2022. Over the period under review, exports saw a deep downturn. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

China was the main exporting country with an export of around X tons, which finished at X% of total exports. Singapore (X tons) took the second position in the ranking, followed by South Korea (X tons). All these countries together held near X% share of total exports. Taiwan (Chinese) (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ethylbenzene exports from China stood at X%. At the same time, Singapore (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.), Singapore (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, ethylbenzene exports expanded at 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: Singapore (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price enjoyed a pronounced increase. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Ethylbenzene Imports

Imports in Asia-Pacific

Ethylbenzene imports fell remarkably to X tons in 2022, waning by X% on 2021 figures. Over the period under review, imports faced a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, ethylbenzene imports fell markedly to $X in 2022. In general, imports showed a deep reduction. The pace of growth was the most pronounced in 2013 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Brunei Darussalam (X tons) and India (X tons) prevails in imports structure, together achieving X% of total imports. Singapore (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%). South Korea (X tons) followed a long way behind the leaders.

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

In value terms, the largest ethylbenzene importing markets in Asia-Pacific were Brunei Darussalam ($X), India ($X) and Singapore ($X), together comprising X% of total imports.

Among the main importing countries, Singapore, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Overall, the import price continues to indicate a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Singapore ($X per ton) and Brunei Darussalam ($X per ton), while India ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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