ASEAN: Buta-1,3-Diene And Isoprene Market 2024

Buta-1,3-Diene And Isoprene Market Size in ASEAN

The ASEAN buta-1,3-diene and isoprene market totaled $X in 2022, stabilizing at the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +13.8% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Buta-1,3-Diene And Isoprene Production in ASEAN

In value terms, buta-1,3-diene and isoprene production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 34%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Buta-1,3-Diene And Isoprene Exports

Exports in ASEAN

In 2022, exports of buta-1,3-diene and isoprene in ASEAN dropped slightly to X tons, which is down by -1.9% against 2021 figures. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 53% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, buta-1,3-diene and isoprene exports fell to $X in 2022. In general, exports saw a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 81%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore represented the largest exporter of buta-1,3-diene and isoprene in ASEAN, with the volume of exports resulting at X tons, which was near 56% of total exports in 2022. Thailand (X tons) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (12%), the Philippines (9.8%) and Indonesia (5.6%).

Exports from Singapore decreased at an average annual rate of -1.0% from 2012 to 2022. At the same time, Indonesia (+7.2%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +7.2% from 2012-2022. The Philippines experienced a relatively flat trend pattern. By contrast, Thailand (-3.0%) and Malaysia (-4.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines and Indonesia increased by +9.8 and +3 percentage points, respectively.

In value terms, Singapore ($X) remains the largest buta-1,3-diene and isoprene supplier in ASEAN, comprising 58% of total exports. The second position in the ranking was held by Thailand ($X), with a 17% share of total exports. It was followed by Malaysia, with a 10% share.

In Singapore, buta-1,3-diene and isoprene exports plunged by an average annual rate of -9.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (-8.3% per year) and Malaysia (-15.2% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, reducing by -3.3% against the previous year. In general, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when the export price increased by 40%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Thailand ($X per ton) and Singapore ($X per ton), while Malaysia ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-5.4%), while the other leaders experienced a decline in the export price figures.

Buta-1,3-Diene And Isoprene Imports

Imports in ASEAN

In 2022, buta-1,3-diene and isoprene imports in ASEAN fell to X tons, declining by -6.2% on 2021. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 41% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, buta-1,3-diene and isoprene imports fell markedly to $X in 2022. Overall, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2017 when imports increased by 65% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia represented the main importer of buta-1,3-diene and isoprene in ASEAN, with the volume of imports recording X tons, which was approx. 60% of total imports in 2022. It was distantly followed by Indonesia (X tons), comprising a 35% share of total imports. Singapore (X tons) and Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Singapore (with a CAGR of +50.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constitutes the largest market for imported buta-1,3-diene and isoprene in ASEAN, comprising 77% of total imports. The second position in the ranking was held by Indonesia ($X), with a 19% share of total imports. It was followed by Singapore, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia stood at -1.1%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (-9.4% per year) and Singapore (+41.7% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, with a decrease of -10.4% against the previous year. Overall, the import price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when the import price increased by 35% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform