ASEAN: Aniline Market 2024

Aniline Market Size in ASEAN

The ASEAN aniline market surged to $X in 2021, growing by 59% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Aniline Production in ASEAN

In value terms, aniline production declined modestly to $X in 2021 estimated in export price. Over the period under review, production saw a mild curtailment. The growth pace was the most rapid in 2020 when the production volume increased by 8.7%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Aniline Exports

Exports in ASEAN

In 2021, aniline exports in ASEAN expanded markedly to X tons, surging by 11% on the previous year's figure. Over the period under review, exports showed mild growth. The growth pace was the most rapid in 2014 when exports increased by 951% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, aniline exports surged to $X in 2021. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 529%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia prevails in exports structure, finishing at X tons, which was near 95% of total exports in 2021. It was distantly followed by Singapore (X kg), mixing up a 4.6% share of total exports.

Malaysia was also the fastest-growing in terms of the aniline and its salts (excluding derivatives) exports, with a CAGR of +42.4% from 2012 to 2021. At the same time, Singapore (+21.9%) displayed positive paces of growth. From 2012 to 2021, the share of Malaysia and Singapore increased by +91 and +3.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest aniline supplier in ASEAN, comprising 96% of total exports. The second position in the ranking was held by Singapore ($X), with a 4.3% share of total exports.

In Malaysia, aniline exports increased at an average annual rate of +45.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, rising by 224% against the previous year. Over the period under review, the export price saw a prominent expansion. The growth pace was the most rapid in 2013 an increase of 418% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Singapore amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.0%).

Aniline Imports

Imports in ASEAN

Aniline imports skyrocketed to X tons in 2021, surging by 46% compared with the previous year. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 53%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, aniline imports soared to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Singapore was the main importer of aniline and its salts (excluding derivatives) in ASEAN, with the volume of imports resulting at X tons, which was approx. 76% of total imports in 2021. It was distantly followed by Indonesia (X tons), mixing up a 23% share of total imports.

Singapore was also the fastest-growing in terms of the aniline and its salts (excluding derivatives) imports, with a CAGR of +10.6% from 2012 to 2021. At the same time, Indonesia (+1.3%) displayed positive paces of growth. While the share of Singapore (+18 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Indonesia (-16 p.p.) displayed negative dynamics.

In value terms, Singapore ($X) constitutes the largest market for imported aniline and its salts (excluding derivatives) in ASEAN, comprising 78% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Singapore totaled +11.8%.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, surging by 17% against the previous year. Over the period under review, the import price, however, saw a mild decrease. The pace of growth appeared the most rapid in 2018 when the import price increased by 42%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.1%).

Source: IndexBox Platform