Southern Asia: Monocarboxylic Acid Market 2024

Monocarboxylic Acid Market Size in Southern Asia

The South Asian monocarboxylic acid market rose slightly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a strong 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. Based on 2022 figures, consumption increased by X% against 2014 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Monocarboxylic Acid Production in Southern Asia

In value terms, monocarboxylic acid production rose slightly to $X in 2022 estimated in export price. The total production indicated perceptible 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Monocarboxylic Acid Exports

Exports in Southern Asia

In 2022, overseas shipments of acrylic acid and its salts and other monocarboxylic acid increased by X% to X tons, rising for the seventh year in a row after two years of decline. In general, exports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, monocarboxylic acid exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from India (X tons), together amounting to X% of total export.

India was also the fastest-growing in terms of the acrylic acid and its salts and other monocarboxylic acid exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest monocarboxylic acid supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, jumping by X% against the previous year. In general, the export price posted resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Monocarboxylic Acid Imports

Imports in Southern Asia

In 2022, the amount of acrylic acid and its salts and other monocarboxylic acid imported in Southern Asia expanded sharply to X tons, rising by X% compared with the year before. Over the period under review, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, monocarboxylic acid imports skyrocketed to $X in 2022. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

India prevails in imports structure, recording X tons, which was near X% of total imports in 2022. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the acrylic acid and its salts and other monocarboxylic acid imports, with a CAGR of X% from 2012 to 2022. At the same time, Pakistan (X%) displayed positive paces of growth. While the share of India (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported acrylic acid and its salts and other monocarboxylic acid in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports.

In India, monocarboxylic acid imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price 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, monocarboxylic acid import price increased by X% against 2020 indices. 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 in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

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

Source: IndexBox Platform