South-Eastern Asia: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in South-Eastern Asia

In 2022, the Southeast Asian market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid increased by 38% to $X, rising for the second year in a row after three years of decline. The total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +97.4% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in years to come.

Production of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in South-Eastern Asia

In value terms, production of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports in South-Eastern Asia

In 2022, overseas shipments of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid decreased by -35.4% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 46%. Over the period under review, the exports of attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid declined rapidly to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

Malaysia (X tons) and Vietnam (X tons) prevails in acid structure, together constituting 93% of total exports. It was distantly followed by Thailand (X tons), achieving a 5.6% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +60.4%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest dibutyl and dioctyl orthophthalates other esters of orthophthalic acid supplying countries in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and Thailand ($X), together comprising 99% of total exports.

Vietnam, with a CAGR of +64.9%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, picking up by 7.4% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 63% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports in South-Eastern Asia

In 2022, approx. X tons of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid were imported in South-Eastern Asia; declining by -7% compared with 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 39%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid fell to $X in 2022. In general, imports showed a slight decline. The most prominent rate of growth was recorded in 2021 when imports increased by 73% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Indonesia (X tons) and Thailand (X tons) represented roughly 63% of total imports in 2022. Vietnam (X tons) held the next position in the ranking, followed by the Philippines (X tons), Singapore (X tons), Malaysia (X tons) and Myanmar (X tons). All these countries together held approx. 37% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +16.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dibutyl and dioctyl orthophthalates other esters of orthophthalic acid importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and Vietnam ($X), with a combined 78% share of total imports. Singapore, the Philippines, Malaysia and Myanmar lagged somewhat behind, together comprising a further 22%.

Myanmar, with a CAGR of +8.5%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, reducing by -5.8% against the previous year. In general, the import price saw a slight downturn. The pace of growth appeared the most rapid in 2021 when the import price increased by 46% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 ($X per ton), while Myanmar ($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 (-0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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