ASEAN: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in ASEAN

The ASEAN oxygen-function amino-compound market amounted to $X in 2021, growing by 3.9% against the previous year. The market value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2015; afterwards, it flattened through to 2021.

Oxygen-Function Amino-Compound Production in ASEAN

In value terms, oxygen-function amino-compound production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 26% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Oxygen-Function Amino-Compound Exports

Exports in ASEAN

In 2021, the amount of oxygen-function amino-compounds exported in ASEAN soared to X tons, jumping by 25% compared with 2020 figures. In general, exports, however, showed a perceptible setback. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, oxygen-function amino-compound exports dropped rapidly to $X in 2021. Over the period under review, exports, however, faced a deep reduction. The pace of growth appeared the most rapid in 2015 with an increase of 24% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) and Thailand (X tons) represented the major exporters of oxygen-function amino-compounds in 2021, accounting for near 42% and 40% of total exports, respectively. It was distantly followed by Singapore (X tons), achieving an 11% share of total exports. Cambodia (X tons) and Indonesia (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Cambodia (with a CAGR of +139.9%), while the other leaders experienced a decline in the exports figures.

In value terms, Singapore ($X) remains the largest oxygen-function amino-compound supplier in ASEAN, comprising 87% of total exports. The second position in the ranking was held by Thailand ($X), with a 6.2% share of total exports. It was followed by Malaysia, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value in Singapore stood at -15.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+5.0% per year) and Malaysia (-5.6% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, shrinking by -36.1% against the previous year. In general, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2017 when the export price increased by 38%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+12.0%), while the other leaders experienced more modest paces of growth.

Oxygen-Function Amino-Compound Imports

Imports in ASEAN

In 2021, approx. X tons of oxygen-function amino-compounds were imported in ASEAN; picking up by 11% on the year before. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, oxygen-function amino-compound imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 24%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

Thailand (X tons) and Vietnam (X tons) represented roughly 54% of total imports in 2021. It was distantly followed by Singapore (X tons), Indonesia (X tons), Malaysia (X tons) and the Philippines (X tons), together generating a 44% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +16.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest oxygen-function amino-compound importing markets in ASEAN were Thailand ($X), Indonesia ($X) and Vietnam ($X), together accounting for 65% of total imports.

Among the main importing countries, Vietnam, with a CAGR of +12.7%, recorded the highest growth rate of 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

The import price in ASEAN stood at $X per ton in 2021, increasing by 5.5% against the previous year. Over the period under review, the import price, however, showed a noticeable reduction. 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 Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform