South-Eastern Asia: Aldehydes Cyclic Polymers Market 2024

Aldehydes Cyclic Polymers Market Size in South-Eastern Asia

The Southeast Asian aldehydes cyclic polymers market fell significantly to $X in 2022, with a decrease of -23.4% against the previous year. Overall, consumption continues to indicate a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Aldehydes Cyclic Polymers Production in South-Eastern Asia

In value terms, aldehydes cyclic polymers production dropped modestly to $X in 2022 estimated in export price. Overall, production showed a mild decline. The pace of growth was the most pronounced in 2019 with an increase of 444%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Aldehydes Cyclic Polymers Exports

Exports in South-Eastern Asia

For the fourth year in a row, South-Eastern Asia recorded decline in shipments abroad of cyclic polymers of aldehydes, which decreased by -10.5% to X tons in 2022. Over the period under review, exports saw a dramatic setback. The growth pace was the most rapid in 2018 when exports increased by 917% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, aldehydes cyclic polymers exports fell rapidly to $X in 2022. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 608%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia represented the key exporter of cyclic polymers of aldehydes in South-Eastern Asia, with the volume of exports resulting at X tons, which was approx. 59% of total exports in 2022. It was distantly followed by Indonesia (X tons) and Thailand (X tons), together creating a 41% share of total exports.

Exports from Malaysia decreased at an average annual rate of -10.0% from 2012 to 2022. At the same time, Thailand (+48.8%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +48.8% from 2012-2022. By contrast, Indonesia (-18.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Thailand and Indonesia increased by +45, +13 and +10 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest aldehydes cyclic polymers supplier in South-Eastern Asia, comprising 62% of total exports. The second position in the ranking was taken by Thailand ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Indonesia totaled +2.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+28.4% per year) and Malaysia (-23.2% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, dropping by -12% against the previous year. In general, the export price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 79%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then shrank in the following year.

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 ($X per ton), while Malaysia ($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 (+26.6%), while the other leaders experienced a decline in the export price figures.

Aldehydes Cyclic Polymers Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of cyclic polymers of aldehydes were imported in South-Eastern Asia; shrinking by -22.9% on the previous year's figure. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 95%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, aldehydes cyclic polymers imports shrank markedly to $X in 2022. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 50% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam prevails in imports structure, accounting for X tons, which was near 95% of total imports in 2022. The following importers - Indonesia (X tons) and Malaysia (X tons) - each reached a 4% share of total imports.

Imports into Vietnam decreased at an average annual rate of -5.2% from 2012 to 2022. Indonesia experienced a relatively flat trend pattern. Malaysia (-20.0%) illustrated a downward trend over the same period. While the share of Vietnam (+14 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (-6.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported cyclic polymers of aldehydes in South-Eastern Asia, comprising 94% of total imports. The second position in the ranking was held by Indonesia ($X), with a 2.8% share of total imports.

In Vietnam, aldehydes cyclic polymers imports contracted by an average annual rate of -5.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (-5.6% per year) and Malaysia (-18.7% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 8.9%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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