South-Eastern Asia: Buta-1,3-Diene And Isoprene Market 2024

Buta-1,3-Diene And Isoprene Market Size in South-Eastern Asia

The Southeast Asian buta-1,3-diene and isoprene market was estimated at $X in 2022, remaining stable against the previous year. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +13.8% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Buta-1,3-Diene And Isoprene Production in South-Eastern Asia

In value terms, buta-1,3-diene and isoprene production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 34% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Buta-1,3-Diene And Isoprene Exports

Exports in South-Eastern Asia

Buta-1,3-diene and isoprene exports shrank modestly to X tons in 2022, declining by -1.9% compared with the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 53% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, buta-1,3-diene and isoprene exports fell to $X in 2022. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 81% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore represented the major exporter of buta-1,3-diene and isoprene in South-Eastern Asia, with the volume of exports reaching X tons, which was approx. 56% of total exports in 2022. It was distantly followed by Thailand (X tons), Malaysia (X tons), the Philippines (X tons) and Indonesia (X tons), together achieving a 44% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to buta-1,3-diene and isoprene exports from Singapore stood at -1.0%. At the same time, Indonesia (+7.2%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +7.2% from 2012-2022. The Philippines experienced a relatively flat trend pattern. By contrast, Thailand (-3.0%) and Malaysia (-4.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines and Indonesia increased by +9.8 and +3 percentage points, respectively.

In value terms, Singapore ($X) remains the largest buta-1,3-diene and isoprene supplier in South-Eastern Asia, comprising 58% of total exports. The second position in the ranking was taken by Thailand ($X), with a 17% share of total exports. It was followed by Malaysia, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Singapore stood at -9.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (-8.3% per year) and Malaysia (-15.2% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, reducing by -3.3% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of 40%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Thailand ($X per ton) and Singapore ($X per ton), while Malaysia ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-5.4%), while the other leaders experienced a decline in the export price figures.

Buta-1,3-Diene And Isoprene Imports

Imports in South-Eastern Asia

Buta-1,3-diene and isoprene imports contracted to X tons in 2022, shrinking by -6.2% compared with the year before. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 41%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, buta-1,3-diene and isoprene imports shrank rapidly to $X in 2022. Overall, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 65% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) represented the major importer of buta-1,3-diene and isoprene, comprising 60% of total imports. It was distantly followed by Indonesia (X tons), committing a 35% share of total imports. Singapore (X tons) and Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Singapore (with a CAGR of +50.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constitutes the largest market for imported buta-1,3-diene and isoprene in South-Eastern Asia, comprising 77% of total imports. The second position in the ranking was held by Indonesia ($X), with a 19% share of total imports. It was followed by Singapore, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia stood at -1.1%. In the other countries, the average annual rates were as follows: Indonesia (-9.4% per year) and Singapore (+41.7% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, which is down by -10.4% against the previous year. Overall, the import price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the import price increased by 35%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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