ASEAN: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in ASEAN

In 2021, the ASEAN unsaturated acyclic hydrocarbons market increased by 12% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Production in ASEAN

In value terms, unsaturated acyclic hydrocarbons production declined to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The growth pace was the most rapid in 2016 when the production volume increased by 18% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Unsaturated Acyclic Hydrocarbons Exports

Exports in ASEAN

Unsaturated acyclic hydrocarbons exports contracted to X tons in 2021, reducing by -10.8% against 2020. Over the period under review, exports continue to indicate a mild shrinkage. The growth pace was the most rapid in 2014 with an increase of 60% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, unsaturated acyclic hydrocarbons exports reached $X in 2021. Total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.0% 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 +102.0% against 2013 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 54% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

In 2021, Singapore (X tons) represented the key exporter of unsaturated acyclic hydrocarbons, creating 83% of total exports. It was distantly followed by Malaysia (X tons), achieving a 13% share of total exports. Indonesia (X tons) held a little share of total exports.

Exports from Singapore increased at an average annual rate of +6.4% from 2012 to 2021. At the same time, Malaysia (+54.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +54.1% from 2012-2021. By contrast, Indonesia (-27.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore and Malaysia increased by +42 and +13 percentage points, respectively.

In value terms, Singapore ($X) remains the largest unsaturated acyclic hydrocarbons supplier in ASEAN, comprising 75% of total exports. The second position in the ranking was held by Malaysia ($X), with a 21% share of total exports.

In Singapore, unsaturated acyclic hydrocarbons exports increased at an average annual rate of +6.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+63.1% per year) and Indonesia (-20.5% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, growing by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +5.7%. The most prominent rate of growth was recorded in 2013 an increase of 55%. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+9.8%), while the other leaders experienced mixed trends in the export price figures.

Unsaturated Acyclic Hydrocarbons Imports

Imports in ASEAN

Unsaturated acyclic hydrocarbons imports rose to X tons in 2021, increasing by 4.8% against 2020. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 24% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, unsaturated acyclic hydrocarbons imports surged to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Singapore (X tons) and Thailand (X tons) dominates imports structure, together achieving 87% of total imports. It was distantly followed by the Philippines (X tons), making up a 5.2% share of total imports. The following importers - Indonesia (X tons) and Malaysia (X tons) - together made up 7.7% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +83.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Singapore ($X), Thailand ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 94% share of total imports. The Philippines and Malaysia lagged somewhat behind, together comprising a further 5.5%.

The Philippines, with a CAGR of +66.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, surging by 15% against the previous year. Over the period under review, the import price, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2019 when the import price increased by 17% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while the Philippines ($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 (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform