South-Eastern Asia: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in South-Eastern Asia

The Southeast Asian butene and isomers thereof market rose modestly to $X in 2021, surging by 3.3% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Production of Butene (Butylene) And Isomers Thereof in South-Eastern Asia

In value terms, butene and isomers thereof production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 11% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Butene (Butylene) And Isomers Thereof

Exports in South-Eastern Asia

In 2021, exports of butene (butylene) and isomers thereof in South-Eastern Asia amounted to X tons, almost unchanged from the previous year. Over the period under review, exports posted a temperate increase. The most prominent rate of growth was recorded in 2016 with an increase of 117% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, butene and isomers thereof exports surged to $X in 2021. Overall, exports, however, showed a slight reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 77%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia was the major exporting country with an export of around X tons, which amounted to 79% of total exports. It was distantly followed by Singapore (X tons), creating a 16% share of total exports. The following exporters - Malaysia (X tons) and Thailand (X tons) - together made up 5% of total exports.

Exports from Indonesia increased at an average annual rate of +14.0% from 2012 to 2021. At the same time, Singapore (+65.7%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +65.7% from 2012-2021. By contrast, Malaysia (-26.1%) and Thailand (-26.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia and Singapore increased by +79 and +16 percentage points, respectively.

In value terms, Indonesia ($X) remains the largest butene and isomers thereof supplier in South-Eastern Asia, comprising 76% of total exports. The second position in the ranking was held by Singapore ($X), with a 21% share of total exports. It was followed by Thailand, with a 1.9% share.

In Indonesia, butene and isomers thereof exports increased at an average annual rate of +9.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (+70.2% per year) and Thailand (-29.0% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, rising by 66% against the previous year. Over the period under review, the export price, however, recorded a noticeable slump. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat 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 Singapore (+2.7%), while the other leaders experienced a decline in the export price figures.

Imports of Butene (Butylene) And Isomers Thereof

Imports in South-Eastern Asia

In 2021, approx. X tons of butene (butylene) and isomers thereof were imported in South-Eastern Asia; declining by -17.8% compared with the previous year. Over the period under review, imports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2017 when imports increased by 167%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, butene and isomers thereof imports rose significantly to $X in 2021. In general, imports saw a perceptible reduction. The pace of growth appeared the most rapid in 2017 with an increase of 139% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Singapore was the major importing country with an import of around X tons, which amounted to 50% of total imports. It was distantly followed by Thailand (X tons), the Philippines (X tons), Malaysia (X tons) and Indonesia (X tons), together making up a 50% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +40.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2021, with a combined 82% share of total imports.

Among the main importing countries, the Philippines, with a CAGR of +35.8%, recorded the highest growth rate of the value of imports, 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 South-Eastern Asia amounted to $X per ton, with an increase of 32% against the previous year. Over the period under review, the import price, however, saw a deep slump. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (-3.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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