Overview of DOP market development in 2024

October 04, 2024

Dioctyl phthalate (DOP) is mainly used as a Plasticizer for PVC products, artificial leather, cellulose nitrate, synthetic rubber, and can also be used as a solvent. The main reaction of DOP production is esterification, which is the formation of dioctyl phthalate and water from phthalic anhydride and octanol under the conditions of catalyst and heating. World DOP trade Status In 2022, the total international trade volume of DOP reached 390 million US dollars, with a total trade volume of 229,000 tons. In terms of price, the average world DOP export price is $1714.3 / ton. In 2022, the world's DOP imports mainly come from Egypt, Vietnam and Peru and other countries or regions, the total import volume accounted for 20.6% of the world's total import volume; The world's DOP exports are mainly from China, Malaysia and South Korea and other countries or regions, and the total export volume accounts for 63.8% of the world's total trade.

DOP supply and demand analysis and forecast in China

China's DOP capacity declined 4.5% year on year, while production increased 4.1% year on year. By the end of 2023, China has a total of 20 DOP production enterprises, and DOP has new production capacity and exit capacity, and the start of construction is basically maintained near 60%, which is an improvement over the previous year. China is a net exporter of the DOP. 2023 China DOP imports down 60% year on year; Exports were up 21.8 per cent year-on-year. China's DOP import trade is dominated by general trade, whose import volume accounts for 47.6% of the total import volume. The second is the import processing trade, accounting for 40.0%. Products are mainly from Taiwan, South Korea, Japan and other countries or regions, the total imports accounted for about 69.7% of the total imports. China's apparent consumption of DOP increased by 3.0% year-on-year, and the self-sufficiency rate increased by 1.1 percentage points over the previous year. DOP is mainly used in the production of PVC plastic soft products, China's DOP demand is mainly concentrated in Jiang, Zhejiang, Fujian, Guangdong and other regions, the main consumer areas are PVC film, PVC artificial leather, plastic shoes, wire and cable, accounting for almost 80% of the DOP consumption, of which PVC film and wire and cable application ratio is relatively high. In the next two years, the DOP capacity will increase slightly, but the output is expected to be flat, and the operating rate will be maintained at about 5-60%. In addition, DOTP and DOP downstream overlap, the competition will be more intense, the competition between the two intensity or increase.

Author:

Ms. Yolanda

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info@jinhetec.com

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