ASEAN: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in ASEAN

In 2021, the ASEAN market for liquid or compressed air and distilled or conductivity water increased by 8.5% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a abrupt contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in ASEAN

In value terms, liquid air and distilled water production rose notably to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt decrease. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports in ASEAN

For the fourth consecutive year, ASEAN recorded growth in shipments abroad of liquid or compressed air and distilled or conductivity water, which increased by 1% to X tons in 2021. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, liquid air and distilled water exports declined sharply to $X in 2021. Over the period under review, exports recorded prominent growth. The growth pace was the most rapid in 2017 when exports increased by 77% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Thailand (X tons) represented the major exporter of liquid or compressed air and distilled or conductivity water, constituting 51% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 20% share, followed by Singapore (15%), the Philippines (6.6%) and Indonesia (6.2%).

Exports from Thailand increased at an average annual rate of +4.2% from 2012 to 2021. At the same time, Indonesia (+39.7%), Malaysia (+15.0%), Singapore (+10.6%) and the Philippines (+2.8%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +39.7% from 2012-2021. Malaysia (+9 p.p.), Indonesia (+5.6 p.p.) and Singapore (+3.5 p.p.) significantly strengthened its position in terms of the total exports, while the Philippines and Thailand saw its share reduced by -3.2% and -16.1% from 2012 to 2021, respectively.

In value terms, Singapore ($X), Malaysia ($X) and the Philippines ($X) constituted the countries with the highest levels of exports in 2021, with a combined 89% share of total exports. Thailand and Indonesia lagged somewhat behind, together comprising a further 10%.

Indonesia, with a CAGR of +42.0%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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 2021, falling by -25.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 80%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices failed to regain momentum.

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 ($X per ton), while Indonesia ($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 (+2.6%), while the other leaders experienced more modest paces of growth.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports in ASEAN

In 2021, after three years of decline, there was growth in overseas purchases of liquid or compressed air and distilled or conductivity water, when their volume increased by 5% to X tons. In general, imports, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of 64%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, liquid air and distilled water imports shrank slightly to $X in 2021. Overall, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 107% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Singapore prevails in imports structure, recording X tons, which was approx. 91% of total imports in 2021. It was distantly followed by Malaysia (X tons), making up a 4.8% share of total imports. The Philippines (X tons) held a little share of total imports.

Imports into Singapore decreased at an average annual rate of -4.3% from 2012 to 2021. The Philippines (-4.1%) and Malaysia (-10.9%) illustrated a downward trend over the same period. Singapore (+5 p.p.) and the Philippines (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia saw its share reduced by -3.8% from 2012 to 2021, respectively.

In value terms, the largest liquid air and distilled water importing markets in ASEAN were Singapore ($X), Malaysia ($X) and the Philippines ($X), with a combined 91% share of total imports.

Among the main importing countries, Singapore, with a CAGR of +6.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, declining by -7.4% against the previous year. Overall, the import price recorded a mild decline. The most prominent rate of growth was recorded in 2014 when the import price increased by 71%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+11.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform