ASEAN: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in ASEAN

The ASEAN aromatic hydrocarbons derivatives market was estimated at $X in 2021, surging by 2.5% against the previous year. Overall, consumption saw resilient growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Aromatic Hydrocarbons Derivatives Production in ASEAN

In value terms, aromatic hydrocarbons derivatives production fell to $X in 2021 estimated in export price. In general, production, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 96% against the previous year. The level of production peaked at $X in 2020, and then shrank in the following year.

Aromatic Hydrocarbons Derivatives Exports

Exports in ASEAN

In 2021, approx. X tons of halogenated derivatives of aromatic hydrocarbons were exported in ASEAN; with an increase of 42% on 2020 figures. Total exports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +68.2% against 2018 indices. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, aromatic hydrocarbons derivatives exports expanded remarkably to $X in 2021. Overall, exports showed noticeable growth. The most prominent rate of growth was recorded in 2020 with an increase of 30%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

The shipments of the three major exporters of halogenated derivatives of aromatic hydrocarbons, namely Singapore, Indonesia and Thailand, represented more than two-thirds of total export. Vietnam (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (9.6%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of +37.6%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest aromatic hydrocarbons derivatives supplier in ASEAN, comprising 57% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 25% share of total exports. It was followed by Malaysia, with an 11% share.

In Singapore, aromatic hydrocarbons derivatives exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+18.2% per year) and Malaysia (+5.3% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, dropping by -19% against the previous year. Export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aromatic hydrocarbons derivatives export price increased by +36.2% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of 38%. The level of export peaked at $X per ton in 2020, and then contracted markedly in the following year.

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 ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+10.0%), while the other leaders experienced more modest paces of growth.

Aromatic Hydrocarbons Derivatives Imports

Imports in ASEAN

In 2021, approx. X tons of halogenated derivatives of aromatic hydrocarbons were imported in ASEAN; jumping by 58% on the year before. Over the period under review, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, aromatic hydrocarbons derivatives imports surged to $X in 2021. In general, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Cambodia (X tons) was the main importer of halogenated derivatives of aromatic hydrocarbons, mixing up 42% of total imports. Indonesia (X tons) held the second position in the ranking, distantly followed by the Philippines (X tons), Malaysia (X tons) and Thailand (X tons). All these countries together held near 52% share of total imports. Singapore (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +9.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X) constitutes the largest market for imported halogenated derivatives of aromatic hydrocarbons in ASEAN, comprising 40% of total imports. The second position in the ranking was taken by the Philippines ($X), with an 18% share of total imports. It was followed by Indonesia, with a 14% share.

In Cambodia, aromatic hydrocarbons derivatives imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (+42.3% per year) and Indonesia (-3.1% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, jumping by 17% against the previous year. Overall, the import price, however, showed a perceptible decline. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, 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 the Philippines (+30.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform