ASEAN: Ureines Market 2024

Ureines Market Size in ASEAN

In 2022, after two years of growth, there was decline in the ASEAN ureines market, when its value decreased by X% to $X. In general, consumption, however, recorded buoyant growth. The level of consumption peaked at $X in 2021, and then contracted in the following year.

Ureines Production in ASEAN

In value terms, ureines production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production posted significant growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by X,400%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Ureines Exports

Exports in ASEAN

In 2022, the amount of ureines and their derivatives and salts thereof exported in ASEAN amounted to X tons, with an increase of X% compared with the previous year's figure. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, ureines exports shrank to $X in 2022. Over the period under review, exports showed a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia was the key exporter of ureines and their derivatives and salts thereof in ASEAN, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Thailand (X tons), mixing up a X% share of total exports. The following exporters - Singapore (X tons) and Indonesia (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Malaysia ($X) remains the largest ureines supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In Malaysia, ureines exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price recorded a drastic downturn. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the export price figures.

Ureines Imports

Imports in ASEAN

In 2022, overseas purchases of ureines and their derivatives and salts thereof decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X%. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, ureines imports reached $X in 2022. Over the period under review, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Thailand (X tons), distantly followed by Singapore (X tons), Indonesia (X tons), Vietnam (X tons) and Malaysia (X tons) represented the major importers of ureines and their derivatives and salts thereof, together creating X% of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Malaysia, Vietnam and the Philippines lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the import price in ASEAN amounted to $X per ton, surging by X% against the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ureines import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform