South-Eastern Asia: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of cyclohexanone and methylcyclohexanones increased by 80% to X tons, rising for the third year in a row after five years of decline. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 82% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, cyclohexanone and methylcyclohexanones exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a resilient increase. The growth pace was the most rapid in 2013 when exports increased by 96% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Singapore prevails in exports structure, finishing at X tons, which was approx. 86% of total exports in 2021. Vietnam (X tons) took an 8.2% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (5.6%).

From 2012 to 2021, average annual rates of growth with regard to cyclohexanone and methylcyclohexanones exports from Singapore stood at +10.5%. At the same time, Vietnam (+49.4%) and Malaysia (+16.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +49.4% from 2012-2021. While the share of Vietnam (+7.6 p.p.) and Malaysia (+2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-3.3 p.p.) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest cyclohexanone and methylcyclohexanones supplier in South-Eastern Asia, comprising 89% of total exports. The second position in the ranking was held by Vietnam ($X), with a 7.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore totaled +9.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+52.5% per year) and Malaysia (+6.9% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, showed a slight slump. The pace of growth was the most pronounced in 2017 when the export price increased by 27% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 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 Vietnam (+2.0%), while the other leaders experienced a decline in the export price figures.

Cyclohexanone And Methylcyclohexanones Imports

Imports in South-Eastern Asia

In 2021, after two years of decline, there was significant growth in purchases abroad of cyclohexanone and methylcyclohexanones, when their volume increased by 36% to X tons. Total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 40%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, cyclohexanone and methylcyclohexanones imports surged to $X in 2021. In general, imports, however, showed a abrupt curtailment. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand represented the major importer of cyclohexanone and methylcyclohexanones in South-Eastern Asia, with the volume of imports amounting to X tons, which was approx. 64% of total imports in 2021. Vietnam (X tons) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (10%). Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to cyclohexanone and methylcyclohexanones imports into Thailand stood at +2.3%. At the same time, Vietnam (+8.4%), Singapore (+7.2%) and Indonesia (+2.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +8.4% from 2012-2021. From 2012 to 2021, the share of Vietnam increased by +7.4 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported cyclohexanone and methylcyclohexanones in South-Eastern Asia, comprising 60% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 24% share of total imports.

In Vietnam, cyclohexanone and methylcyclohexanones imports increased at an average annual rate of +6.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (-0.4% per year) and Singapore (+8.1% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, growing by 14% against the previous year. Over the period under review, the import price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 21%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, 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 Singapore ($X per ton), while Indonesia ($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 (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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