ASEAN: Ethylbenzene Market 2025

Ethylbenzene Market Size in ASEAN

The ASEAN ethylbenzene market dropped to $X in 2022, with a decrease of -7% against the previous year. In general, consumption, however, showed significant growth. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Ethylbenzene Production in ASEAN

In value terms, ethylbenzene production amounted to $X in 2022 estimated in export price. Overall, production recorded a pronounced decrease. The pace of growth appeared the most rapid in 2017 with an increase of 943% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Ethylbenzene Exports

Exports in ASEAN

In 2022, overseas shipments of ethylbenzene were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 1,261% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, ethylbenzene exports soared to $X in 2022. Overall, exports posted significant growth. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Singapore (X tons) represented the main exporter of ethylbenzene, committing 86% of total exports. It was distantly followed by Malaysia (X tons), achieving a 14% share of total exports.

Singapore was also the fastest-growing in terms of the ethylbenzene exports, with a CAGR of +40.6% from 2012 to 2022. At the same time, Malaysia (+24.3%) displayed positive paces of growth. From 2012 to 2022, the share of Singapore increased by +22 percentage points.

In value terms, Singapore ($X) emerged as the largest ethylbenzene supplier in ASEAN, comprising 91% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 9.4% share of total exports.

In Singapore, ethylbenzene exports increased at an average annual rate of +30.6% over the period from 2012-2022.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, jumping by 47% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2016 when the export price increased by 97% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-5.3%).

Ethylbenzene Imports

Imports in ASEAN

In 2022, the amount of ethylbenzene imported in ASEAN expanded significantly to X tons, rising by 8.2% compared with 2021. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 4,555%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, ethylbenzene imports rose rapidly to $X in 2022. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 4,419%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brunei Darussalam (X tons) represented the main importer of ethylbenzene, creating 70% of total imports. It was distantly followed by Singapore (X tons), generating a 23% share of total imports. Malaysia (X tons) followed a long way behind the leaders.

Brunei Darussalam experienced a relatively flat trend pattern with regard to volume of imports of ethylbenzene. At the same time, Singapore (+60.9%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +60.9% from 2012-2022. Malaysia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Brunei Darussalam and Singapore increased by +70 and +21 percentage points, respectively.

In value terms, Brunei Darussalam ($X) constitutes the largest market for imported ethylbenzene in ASEAN, comprising 69% of total imports. The second position in the ranking was taken by Singapore ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Brunei Darussalam was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (+50.5% per year) and Malaysia (-8.2% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, falling by -1.5% against the previous year. In general, the import price recorded a perceptible descent. The growth pace was the most rapid in 2016 when the import price increased by 221%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brunei Darussalam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-6.5%).

Source: IndexBox Platform