South-Eastern Asia: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in South-Eastern Asia

The Southeast Asian aromatic polyamines market surged to $X in 2021, increasing by 34% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +57.8% against 2014 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Aromatic Polyamines Production in South-Eastern Asia

In value terms, aromatic polyamines production expanded to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt setback. The growth pace was the most rapid in 2014 when the production volume increased by 79% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Aromatic Polyamines Exports

Exports in South-Eastern Asia

In 2021, approx. X tons of aromatic polyamines and their derivatives, salts thereof were exported in South-Eastern Asia; jumping by 50% compared with 2020. Over the period under review, exports, however, continue to indicate a slight downturn. The pace of growth was the most pronounced in 2014 when exports increased by 203% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, aromatic polyamines exports skyrocketed to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 231% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand prevails in exports structure, resulting at X tons, which was approx. 85% of total exports in 2021. Indonesia (X tons) ranks second in terms of the total exports with a 5.6% share, followed by Singapore (4.6%). Malaysia (X tons) held a little share of total exports.

Thailand was also the fastest-growing in terms of the aromatic polyamines and their derivatives, salts thereof exports, with a CAGR of +43.7% from 2012 to 2021. At the same time, Indonesia (+30.9%) displayed positive paces of growth. By contrast, Malaysia (-1.7%) and Singapore (-29.7%) illustrated a downward trend over the same period. Thailand (+82 p.p.) and Indonesia (+5.1 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -87.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest aromatic polyamines supplier in South-Eastern Asia, comprising 84% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 6.6% share of total exports. It was followed by Malaysia, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value in Thailand amounted to +45.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+32.7% per year) and Malaysia (-0.9% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price enjoyed a modest increase. The pace of growth was the most pronounced in 2013 when the export price increased by 90%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Indonesia ($X per ton) and Malaysia ($X per ton), while Singapore ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.5%), while the other leaders experienced more modest paces of growth.

Aromatic Polyamines Imports

Imports in South-Eastern Asia

For the tenth year in a row, South-Eastern Asia recorded growth in purchases abroad of aromatic polyamines and their derivatives, salts thereof, which increased by 15% to X tons in 2021. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +105.7% against 2012 indices. The pace of growth was the most pronounced 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 the immediate term.

In value terms, aromatic polyamines imports surged to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons) was the largest importer of aromatic polyamines and their derivatives, salts thereof, comprising 55% of total imports. Indonesia (X tons) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (13%). The following importers - Singapore (X tons) and Malaysia (X tons) - together made up 5.7% of total imports.

From 2012 to 2021, average annual rates of growth with regard to aromatic polyamines imports into Thailand stood at +12.6%. At the same time, Singapore (+15.5%), Vietnam (+12.4%) and Indonesia (+5.7%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +15.5% from 2012-2021. By contrast, Malaysia (-14.6%) illustrated a downward trend over the same period. Thailand (+16 p.p.), Vietnam (+3.6 p.p.) and Singapore (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Malaysia saw its share reduced by -6.2% and -14.9% from 2012 to 2021, respectively.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2021, with a combined 91% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +16.4%, saw 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 South-Eastern Asia stood at $X per ton in 2021, growing by 34% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Malaysia ($X per ton) and Singapore ($X per ton), while Thailand ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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