Asia-Pacific: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Asia-Pacific

The Asia-Pacific aromatic hydrocarbon mixtures market dropped to $X in 2023, waning by X% against the previous year. Over the period under review, consumption saw a abrupt contraction. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Aromatic Hydrocarbon Mixtures Production in Asia-Pacific

In value terms, aromatic hydrocarbon mixtures production reached $X in 2023 estimated in export price. Overall, production recorded a slight setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Aromatic Hydrocarbon Mixtures Exports

Exports in Asia-Pacific

After two years of decline, shipments abroad of naphthalene and other aromatic hydrocarbon mixtures increased by X% to X tons in 2023. Over the period under review, exports saw a perceptible expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures exports fell to $X in 2023. Total exports indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, India (X tons), distantly followed by Thailand (X tons), South Korea (X tons), Japan (X tons) and Papua New Guinea (X tons) represented the key exporters of naphthalene and other aromatic hydrocarbon mixtures, together creating X% of total exports. Singapore (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Thailand ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price recorded a perceptible downturn. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%), while the other leaders experienced a decline in the export price figures.

Aromatic Hydrocarbon Mixtures Imports

Imports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded decline in overseas purchases of naphthalene and other aromatic hydrocarbon mixtures, which decreased by X% to X tons in 2023. Over the period under review, imports showed a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbon mixtures imports declined remarkably to $X in 2023. In general, imports saw a deep slump. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the seven major importers of naphthalene and other aromatic hydrocarbon mixtures, namely Singapore, South Korea, India, Malaysia, Indonesia, China and Vietnam, represented more than two-thirds of total import.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), South Korea ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Malaysia, Indonesia, China and Vietnam lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Malaysia, 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

The import price in Asia-Pacific stood at $X per ton in 2023, waning by X% against the previous year. Overall, the import price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, 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