ASEAN: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in ASEAN

The ASEAN cyclic hydrocarbons market stood at $X in 2022, leveling off at the previous year. Overall, consumption showed a mild decline. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Cyclic Hydrocarbons Production in ASEAN

In value terms, cyclic hydrocarbons production dropped to $X in 2022 estimated in export price. In general, production showed a slight contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Cyclic Hydrocarbons Exports

Exports in ASEAN

In 2022, overseas shipments of cyclic hydrocarbons increased by X% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, cyclic hydrocarbons exports soared to $X in 2022. Overall, exports saw pronounced growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Singapore (X tons) and Brunei Darussalam (X tons) represented the key exporters of cyclic hydrocarbons in ASEAN, together resulting at approx. X% of total exports. It was distantly followed by Thailand (X tons), Malaysia (X tons) and Indonesia (X tons), together generating a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Brunei Darussalam (with a CAGR of X.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclic hydrocarbons supplying countries in ASEAN were Singapore ($X), Brunei Darussalam ($X) and Thailand ($X), together accounting for X% of total exports.

Among the main exporting countries, Brunei Darussalam, with a CAGR of X.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

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

Cyclic Hydrocarbons Imports

Imports in ASEAN

In 2022, supplies from abroad of cyclic hydrocarbons decreased by X% to X tons, falling for the third year in a row after three years of growth. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, cyclic hydrocarbons imports rose slightly to $X in 2022. Overall, imports recorded a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons) and Malaysia (X tons) represented the main importers of cyclic hydrocarbons in ASEAN, together constituting X% of total imports. It was distantly followed by Singapore (X tons), Thailand (X tons) and Vietnam (X tons), together constituting a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and Singapore ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Singapore, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, saw a pronounced reduction. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform