Eastern Asia: Market for Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function 2024

Market Size for Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function in Eastern Asia

The East Asian market for benzaldehyde and other cyclic aldehydes without other oxygen function fell modestly to $X in 2022, which is down by X% against the previous year. In general, consumption continues to indicate a slight curtailment. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function in Eastern Asia

In value terms, benzaldehyde and other cyclic aldehydes production reduced to $X in 2022 estimated in export price. Overall, production showed a mild curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function

Exports in Eastern Asia

In 2022, shipments abroad of benzaldehyde and other cyclic aldehydes without other oxygen function decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, benzaldehyde and other cyclic aldehydes exports reached $X in 2022. Total exports indicated buoyant 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, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The biggest shipments were from China (X tons) and Japan (X tons), together finishing at X% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Japan (with a CAGR of X%).

In value terms, the largest benzaldehyde and other cyclic aldehydes supplying countries in Eastern Asia were China ($X) and Japan ($X).

Japan, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Japan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%).

Imports of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function

Imports in Eastern Asia

In 2022, approx. X tons of benzaldehyde and other cyclic aldehydes without other oxygen function were imported in Eastern Asia; reducing by X% compared with the previous year. The total import volume 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. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then dropped notably in the following year.

In value terms, benzaldehyde and other cyclic aldehydes imports shrank to $X in 2022. The total import value 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

China was the largest importer of benzaldehyde and other cyclic aldehydes without other oxygen function in Eastern Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by South Korea (X tons), Taiwan (Chinese) (X tons) and Japan (X tons), together mixing up a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to benzaldehyde and other cyclic aldehydes imports into China stood at X%. At the same time, Taiwan (Chinese) (X%), Japan (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Taiwan (Chinese) and China increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported benzaldehyde and other cyclic aldehydes without other oxygen function in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, benzaldehyde and other cyclic aldehydes imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 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 China (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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