South-Eastern Asia: Ethanal Market 2024

Ethanal Market Size in South-Eastern Asia

The Southeast Asian ethanal market reached $X in 2022, growing by 3.4% against the previous year. Overall, consumption saw a modest expansion. The level of consumption peaked at $X in 2014; afterwards, it flattened through to 2022.

Ethanal Production in South-Eastern Asia

In value terms, ethanal production expanded to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 19%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Ethanal Exports

Exports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of ethanal (acetaldehyde), when their volume decreased by -43.1% to X tons. Over the period under review, exports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 74% against the previous year. As a result, the exports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, ethanal exports dropped rapidly to $X in 2022. Overall, exports, however, continue to indicate tangible growth. The pace of growth was the most pronounced in 2016 with an increase of 184%. Over the period under review, the exports reached the maximum at $X in 2021, and then fell sharply in the following year.

Exports by Country

Thailand was the key exporter of ethanal (acetaldehyde) in South-Eastern Asia, with the volume of exports amounting to X tons, which was near 59% of total exports in 2022. Singapore (X tons) took a 22% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (16%). Malaysia (X kg) followed a long way behind the leaders.

Exports from Thailand decreased at an average annual rate of -1.7% from 2012 to 2022. At the same time, Indonesia (+9.2%) and Malaysia (+4.9%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +9.2% from 2012-2022. By contrast, Singapore (-4.0%) illustrated a downward trend over the same period. Indonesia (+10 p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Singapore saw its share reduced by -3.6% and -7.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ethanal supplying countries in South-Eastern Asia were Indonesia ($X), Thailand ($X) and Singapore ($X), together accounting for 98% of total exports. These countries were followed by Malaysia, which accounted for a further 2.3%.

Malaysia, with a CAGR of +12.7%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, growing by 15% against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethanal export price decreased by -9.9% against 2020 indices. The pace of growth was the most pronounced in 2016 when the export price increased by 74% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 ($X per ton), while Thailand ($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 (+7.4%), while the other leaders experienced more modest paces of growth.

Ethanal Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of ethanal (acetaldehyde) were imported in South-Eastern Asia; declining by -78.8% against the previous year's figure. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 414% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, ethanal imports soared to $X in 2022. Overall, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2019 when imports increased by 58% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia (X tons) and the Philippines (X tons) were the key importers of ethanal (acetaldehyde) in 2022, reaching near 40% and 26% of total imports, respectively. It was distantly followed by Singapore (X tons) and Cambodia (X tons), together creating a 31% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +33.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ethanal importing markets in South-Eastern Asia were Indonesia ($X), Singapore ($X) and the Philippines ($X), together accounting for 92% of total imports.

The Philippines, with a CAGR of +36.4%, recorded 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

The import price in South-Eastern Asia stood at $X per ton in 2022, surging by 637% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+17.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :