South-Eastern Asia: Ethylbenzene Market 2025

Ethylbenzene Market Size in South-Eastern Asia

The Southeast Asian ethylbenzene market shrank to $X in 2022, which is down by -7% against the previous year. Over the period under review, consumption, however, showed a significant expansion. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Ethylbenzene Production in South-Eastern Asia

In value terms, ethylbenzene production amounted to $X in 2022 estimated in export price. In general, production recorded a noticeable reduction. The pace of growth was the most pronounced in 2017 with an increase of 943% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Ethylbenzene Exports

Exports in South-Eastern Asia

After three years of decline, shipments abroad of ethylbenzene increased by 668% to X tons in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2014 with an increase of 1,261% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, ethylbenzene exports surged to $X in 2022. Overall, exports enjoyed significant growth. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Singapore (X tons) represented the key exporter of ethylbenzene, making up 86% of total exports. It was distantly followed by Malaysia (X tons), achieving a 14% share of total exports.

Singapore was also the fastest-growing in terms of the ethylbenzene exports, with a CAGR of +40.6% from 2012 to 2022. At the same time, Malaysia (+24.3%) displayed positive paces of growth. While the share of Singapore (+22 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-21.5 p.p.) displayed negative dynamics.

In value terms, Singapore ($X) emerged as the largest ethylbenzene supplier in South-Eastern Asia, comprising 91% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 9.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Singapore stood at +30.6%.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, increasing by 47% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2016 an increase of 97% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-5.3%).

Ethylbenzene Imports

Imports in South-Eastern Asia

In 2022, the amount of ethylbenzene imported in South-Eastern Asia expanded significantly to X tons, increasing by 8.2% against 2021 figures. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 4,555%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, ethylbenzene imports amounted to $X in 2022. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 4,419% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brunei Darussalam (X tons) was the largest importer of ethylbenzene, making up 70% of total imports. It was distantly followed by Singapore (X tons), mixing up a 23% share of total imports. Malaysia (X tons) took a little share of total imports.

Brunei Darussalam experienced a relatively flat trend pattern with regard to volume of imports of ethylbenzene. At the same time, Singapore (+60.9%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +60.9% from 2012-2022. Malaysia experienced a relatively flat trend pattern. Brunei Darussalam (+70 p.p.) and Singapore (+21 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia saw its share reduced by -31.5% from 2012 to 2022, respectively.

In value terms, Brunei Darussalam ($X) constitutes the largest market for imported ethylbenzene in South-Eastern Asia, comprising 69% of total imports. The second position in the ranking was taken by Singapore ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brunei Darussalam was relatively modest. In the other countries, the average annual rates were as follows: Singapore (+50.5% per year) and Malaysia (-8.2% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, falling by -1.5% against the previous year. In general, the import price recorded a noticeable setback. The most prominent rate of growth was recorded in 2016 when the import price increased by 221%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-6.5%).

Source: IndexBox Platform

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