Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid Market

The article discusses the increasing demand for dibutyl and dioctyl orthophthalates and other esters of orthophthalic acid worldwide, with a projected CAGR of +3.3% in consumption volume and +8.4% in market value from 2022 to 2030. Key findings include Germany leading in consumption volume, the Czech Republic leading in market value, and Vietnam showing notable growth rates in production and exports. The data also highlights fluctuations in global consumption and production over the years, as well as varying import and export trends amongst major countries.

Market Forecast

Driven by increasing demand for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market volume to 1.6M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +8.4% for the period from 2022 to 2030, which is projected to bring the market value to $10.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Global consumption of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid reached 1.2M tons in 2022, picking up by 3.2% on 2021 figures. The total consumption volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global consumption of hit record highs at 1.5M tons in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

The value of the market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid worldwide was estimated at $5.4B in 2022, surging by 1.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a relatively flat trend pattern. Global consumption peaked at $5.6B in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Consumption By Country

The country with the largest volume of consumption of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid was Germany (485K tons), comprising approx. 40% of total volume. Moreover, consumption of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid in Germany exceeded the figures recorded by the second-largest consumer, South Korea (239K tons), twofold. The Netherlands (67K tons) ranked third in terms of total consumption with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Germany stood at +4.2%. In the other countries, the average annual rates were as follows: South Korea (+10.7% per year) and the Netherlands (+3.3% per year).

In value terms, the Czech Republic ($3.5B) led the market, alone. The second position in the ranking was taken by Germany ($841M). It was followed by South Korea.

From 2012 to 2022, the average annual rate of growth in terms of value in the Czech Republic was relatively modest. In the other countries, the average annual rates were as follows: Germany (+4.0% per year) and South Korea (+7.8% per year).

The countries with the highest levels of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid per capita consumption in 2022 were Germany (5.8 kg per person), South Korea (4.6 kg per person) and the Netherlands (3.8 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of acid, amongst the leading consuming countries, was attained by Mexico (with a CAGR of +22.4%), while acid for the other global leaders experienced more modest paces of growth.

Production

World Production of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Global production of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid expanded modestly to 1.2M tons in 2022, rising by 1.8% on the previous year. The total output volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the production volume increased by 33% against the previous year. Global production peaked at 1.6M tons in 2016; however, from 2017 to 2022, production remained at a lower figure.

In value terms, production of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid amounted to $5.2B in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 3% against the previous year. Over the period under review, global production of reached the maximum level at $5.3B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Germany (474K tons), South Korea (305K tons) and Malaysia (98K tons), with a combined 73% share of global production. The Netherlands, China, Vietnam and the Czech Republic lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of acid, amongst the main producing countries, was attained by Vietnam (with a CAGR of +22.5%), while acid for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Global imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid contracted to 403K tons in 2022, reducing by -9.9% against 2021. Over the period under review, imports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2015 when imports increased by 14%. As a result, imports attained the peak of 734K tons. From 2016 to 2022, the growth of global imports of remained at a lower figure.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid declined slightly to $841M in 2022. In general, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 when imports increased by 51%. Over the period under review, global imports of reached the peak figure at $1.3B in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports By Country

The United States (30K tons), China (21K tons), Thailand (20K tons), Egypt (20K tons), Vietnam (18K tons), India (16K tons), Brazil (16K tons), Germany (15K tons), Peru (14K tons), South Korea (13K tons), the Netherlands (12K tons) and Nigeria (12K tons) represented roughly 51% of total imports in 2022. Canada (11K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +38.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest dibutyl and dioctyl orthophthalates other esters of orthophthalic acid importing markets worldwide were the United States ($73M), China ($47M) and Egypt ($44M), with a combined 20% share of global imports. Germany, Vietnam, Canada, Brazil, Thailand, Peru, India, Nigeria, the Netherlands and South Korea lagged somewhat behind, together accounting for a further 36%.

In terms of the main importing countries, India, with a CAGR of +35.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid stood at $2,088 per ton in 2022, growing by 9.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 46%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

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 Canada ($3,135 per ton), while Thailand ($1,584 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

In 2022, global exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid dropped to 396K tons, which is down by -13.4% compared with the previous year's figure. Over the period under review, exports recorded a perceptible contraction. The pace of growth was the most pronounced in 2015 with an increase of 18%. As a result, the exports reached the peak of 826K tons. From 2016 to 2022, the growth of the global exports of failed to regain momentum.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid dropped to $755M in 2022. In general, exports showed a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of 60%. The global exports peaked at $1.2B in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

South Korea (79K tons) and China (76K tons) represented roughly 39% of total exports in 2022. Malaysia (49K tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (9.7%) and Taiwan (Chinese) (6%). India (18K tons), Japan (17K tons), the United States (15K tons), Chile (15K tons), Turkey (14K tons), Italy (13K tons) and the Netherlands (11K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +20.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest dibutyl and dioctyl orthophthalates other esters of orthophthalic acid supplying countries worldwide were South Korea ($134M), China ($120M) and Malaysia ($74M), together comprising 43% of global exports. Vietnam, the United States, Taiwan (Chinese), Italy, Japan, India, Chile, Turkey and the Netherlands lagged somewhat behind, together accounting for a further 48%.

Vietnam, with a CAGR of +19.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average export price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid amounted to $1,909 per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 52% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,949 per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($3,475 per ton), while Malaysia ($1,512 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 States (+2.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform