ASEAN: Aniline Derivatives Market 2024

Aniline Derivatives Market Size in ASEAN

In 2021, after two years of decline, there was significant growth in the ASEAN aniline derivatives market, when its value increased by 28% to $X. The total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.6% against 2017 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Aniline Derivatives Production in ASEAN

In value terms, aniline derivatives production totaled $X in 2021 estimated in export price. The total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -39.9% against 2016 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 30% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Aniline Derivatives Exports

Exports in ASEAN

In 2021, shipments abroad of aniline derivatives and their salts increased by 10% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, showed a significant decrease. The growth pace was the most rapid in 2015 with an increase of 172% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, aniline derivatives exports soared to $X in 2021. Over the period under review, exports, however, saw a precipitous decline. The most prominent rate of growth was recorded in 2017 with an increase of 140%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia represented the key exporting country with an export of about X tons, which recorded 73% of total exports. It was distantly followed by Singapore (X tons), achieving a 23% share of total exports. Indonesia (X kg) took a relatively small share of total exports.

Malaysia was also the fastest-growing in terms of the aniline derivatives and their salts exports, with a CAGR of -4.1% from 2012 to 2021. Indonesia (-36.1%) and Singapore (-39.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Malaysia increased by +68 percentage points.

In value terms, Singapore ($X) remains the largest aniline derivatives supplier in ASEAN, comprising 74% of total exports. The second position in the ranking was held by Malaysia ($X), with a 25% share of total exports.

In Singapore, aniline derivatives exports declined by an average annual rate of -27.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-13.2% per year) and Indonesia (-45.3% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, increasing by 13% against the previous year. In general, the export price saw a temperate expansion. The pace of growth was the most pronounced in 2019 when the export price increased by 174% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+19.0%), while the other leaders experienced a decline in the export price figures.

Aniline Derivatives Imports

Imports in ASEAN

After two years of decline, supplies from abroad of aniline derivatives and their salts increased by 83% to X tons in 2021. In general, imports showed a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 113%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, aniline derivatives imports skyrocketed to $X in 2021. Overall, imports enjoyed a measured expansion. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam represented the major importing country with an import of about X tons, which accounted for 76% of total imports. Indonesia (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (8.9%). Cambodia (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to aniline derivatives imports into Vietnam stood at +17.2%. At the same time, Cambodia (+48.7%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +48.7% from 2012-2021. By contrast, Thailand (-2.2%) and Indonesia (-10.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam and Cambodia increased by +46 and +2.3 percentage points, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported aniline derivatives and their salts in ASEAN, comprising 54% of total imports. The second position in the ranking was held by Indonesia ($X), with a 23% share of total imports. It was followed by Thailand, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam totaled +14.0%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (-4.6% per year) and Thailand (+0.6% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, the import price, however, saw a slight descent. The pace of growth was the most pronounced in 2020 when the import price increased by 15%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+6.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform