Market for Saturated Acyclic Monocarboxylic Acids in China
Market Overview
For the third year in a row, the Chinese saturated acyclic monocarboxylic acids market recorded decline in sales value, which decreased by -
% to $ in . In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2019 to , the growth of the market remained at a somewhat lower figure.
In value terms, saturated acyclic monocarboxylic acids production rose modestly to $ in estimated in export price. The total output value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by %. As a result, production attained the peak level of $. From 2019 to , production growth failed to regain momentum.
% to $ in . In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2019 to , the growth of the market remained at a somewhat lower figure.In value terms, saturated acyclic monocarboxylic acids production rose modestly to $
in estimated in export price. The total output value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by %. As a result, production attained the peak level of $. From 2019 to , production growth failed to regain momentum.Consumption
In , consumption of saturated acyclic monocarboxylic acids increased by % to tons for the first time since 2018, thus ending a three-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, consumption hit record highs at tons in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
The size of the saturated acyclic monocarboxylic acids market in China stood at $ in , remaining stable 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). Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a somewhat lower figure.
, consumption of saturated acyclic monocarboxylic acids increased by % to tons for the first time since 2018, thus ending a three-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, consumption hit record highs at tons in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.The size of the saturated acyclic monocarboxylic acids market in China stood at $
in , remaining stable 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). Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a somewhat lower figure.Market Forecast
Driven by increasing demand for saturated acyclic monocarboxylic acids in China, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, the share of imports in terms of total saturated acyclic monocarboxylic acids consumption in China was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the China saturated acyclic monocarboxylic acids market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
% figure. In value terms the share of imports also stood at a low figure, which means that the China saturated acyclic monocarboxylic acids market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
China remains a net exporter of saturated acyclic monocarboxylic acids; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
Download XLSX
Download all the data in the form of a report