ASEAN: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in ASEAN

The ASEAN azo- or azoxy-compounds market dropped to $X in 2022, falling by -3.2% against the previous year. Over the period under review, consumption, however, showed a mild reduction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Azo- Or Azoxy-Compounds Production in ASEAN

In value terms, azo- or azoxy-compounds production contracted modestly to $X in 2022 estimated in export price. In general, production showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 6.9% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Azo- Or Azoxy-Compounds Exports

Exports in ASEAN

Azo- or azoxy-compounds exports shrank to X tons in 2022, declining by -8.5% against the previous year. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, azo- or azoxy-compounds exports contracted to $X in 2022. In general, exports saw a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Indonesia (X tons) was the major exporter of diazo-, azo- or azoxy-compounds, constituting 88% of total exports. It was distantly followed by Thailand (X tons), making up an 11% share of total exports.

Indonesia experienced a relatively flat trend pattern with regard to volume of exports of diazo-, azo- or azoxy-compounds. Thailand (-3.2%) illustrated a downward trend over the same period. While the share of Indonesia (+2.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (-3.4 p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) remains the largest azo- or azoxy-compounds supplier in ASEAN, comprising 90% of total exports. The second position in the ranking was taken by Thailand ($X), with an 8.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Indonesia stood at -1.1%.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 8.4% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-0.8%).

Azo- Or Azoxy-Compounds Imports

Imports in ASEAN

In 2022, imports of diazo-, azo- or azoxy-compounds in ASEAN declined to X tons, dropping by -3.8% against the previous year's figure. Over the period under review, imports, however, saw a mild expansion. The growth pace was the most rapid in 2018 when imports increased by 16%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, azo- or azoxy-compounds imports shrank to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

The countries with the highest levels of azo- or azoxy-compounds imports in 2022 were Thailand (X tons), Vietnam (X tons) and Indonesia (X tons), together accounting for 85% of total import. It was distantly followed by Malaysia (X tons), comprising an 8.8% share of total imports. The Philippines (X tons) and Myanmar (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 key importing countries, was attained by Myanmar (with a CAGR of +22.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest azo- or azoxy-compounds importing markets in ASEAN were Thailand ($X), Vietnam ($X) and Indonesia ($X), with a combined 87% share of total imports. Malaysia, the Philippines and Myanmar lagged somewhat behind, together accounting for a further 12%.

Among the main importing countries, Myanmar, with a CAGR of +8.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, shrinking by -6.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2017 an increase of 19% against the previous year. The level of import peaked at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform