South-Eastern Asia: Dichloromethane Market 2024

Dichloromethane Market Size in South-Eastern Asia

The Southeast Asian dichloromethane market skyrocketed to $X in 2021, increasing by 23% against the previous year. Overall, consumption, however, saw a abrupt decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Dichloromethane Production in South-Eastern Asia

In value terms, dichloromethane production reduced remarkably to $X in 2021 estimated in export price. In general, production showed a sharp decline. The pace of growth appeared the most rapid in 2020 with an increase of 81%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Dichloromethane Exports

Exports in South-Eastern Asia

Dichloromethane exports surged to X tons in 2021, picking up by 43% against the previous year. In general, exports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 66%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, dichloromethane exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Singapore (X tons) was the largest exporter of dichloromethane (methylene chloride), creating 55% of total exports. Malaysia (X tons) held a 21% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (20%). Thailand (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to dichloromethane exports from Singapore stood at -20.3%. At the same time, Malaysia (+33.9%), Vietnam (+10.4%) and Thailand (+5.2%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +33.9% from 2012-2021. While the share of Malaysia (+21 p.p.), Vietnam (+18 p.p.) and Thailand (+3.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-42.1 p.p.) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest dichloromethane supplier in South-Eastern Asia, comprising 48% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 21% share of total exports. It was followed by Malaysia, with a 17% share.

In Singapore, dichloromethane exports plunged by an average annual rate of -22.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+17.6% per year) and Malaysia (+23.1% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, rising by 9.9% against the previous year. Over the period under review, the export price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by 22%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Thailand ($X per ton), while Malaysia ($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 (+6.5%), while the other leaders experienced a decline in the export price figures.

Dichloromethane Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of dichloromethane (methylene chloride) were imported in South-Eastern Asia; growing by 1.9% against 2020. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 9.1%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, dichloromethane imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Vietnam (X tons), Indonesia (X tons) and Thailand (X tons) represented the main importer of dichloromethane (methylene chloride) in South-Eastern Asia, creating 71% of total import. Malaysia (X tons) held the next position in the ranking, followed by Singapore (X tons) and the Philippines (X tons). All these countries together held approx. 26% share of total imports. Cambodia (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of +19.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dichloromethane importing markets in South-Eastern Asia were Vietnam ($X), Indonesia ($X) and Thailand ($X), with a combined 71% share of total imports. These countries were followed by Malaysia, Singapore, the Philippines and Cambodia, which together accounted for a further 29%.

Cambodia, with a CAGR of +24.2%, saw the highest rates of growth with regard to the value of imports, among 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 2021, the import price in South-Eastern Asia amounted to $X per ton, growing by 35% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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