South-Eastern Asia: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in South-Eastern Asia

The Southeast Asian aromatic hydrocarbons derivatives market expanded to $X in 2021, picking up by 2.5% against the previous year. Over the period under review, consumption enjoyed a strong increase. The level of consumption peaked in 2021 and is likely to continue growth in the immediate term.

Aromatic Hydrocarbons Derivatives Production in South-Eastern Asia

In value terms, aromatic hydrocarbons derivatives production contracted to $X in 2021 estimated in export price. Overall, production, however, saw a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 96%. Over the period under review, production attained the maximum level at $X in 2020, and then shrank in the following year.

Aromatic Hydrocarbons Derivatives Exports

Exports in South-Eastern Asia

In 2021, the amount of halogenated derivatives of aromatic hydrocarbons exported in South-Eastern Asia soared to X tons, with an increase of 42% on 2020 figures. Total exports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +68.2% against 2018 indices. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbons derivatives exports rose remarkably to $X in 2021. Overall, exports showed a tangible expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The biggest shipments were from Singapore (X tons), Indonesia (X tons) and Thailand (X tons), together finishing at 78% of total export. Vietnam (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (9.6%).

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +37.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest aromatic hydrocarbons derivatives supplier in South-Eastern Asia, comprising 57% of total exports. The second position in the ranking was held by Indonesia ($X), with a 25% share of total exports. It was followed by Malaysia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Singapore was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+18.2% per year) and Malaysia (+5.3% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, waning by -19% against the previous year. Export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aromatic hydrocarbons derivatives export price increased by +36.2% against 2017 indices. The pace of growth was the most pronounced in 2014 when the export price increased by 38% against the previous year. The level of export peaked at $X per ton in 2020, and then declined sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+10.0%), while the other leaders experienced more modest paces of growth.

Aromatic Hydrocarbons Derivatives Imports

Imports in South-Eastern Asia

In 2021, imports of halogenated derivatives of aromatic hydrocarbons in South-Eastern Asia skyrocketed to X tons, growing by 58% on the previous year's figure. Over the period under review, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, aromatic hydrocarbons derivatives imports soared to $X in 2021. In general, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Cambodia (X tons) represented the key importer of halogenated derivatives of aromatic hydrocarbons, creating 42% of total imports. Indonesia (X tons) held a 26% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (14%), Malaysia (6.5%) and Thailand (5.5%). Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of +9.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X) constitutes the largest market for imported halogenated derivatives of aromatic hydrocarbons in South-Eastern Asia, comprising 40% of total imports. The second position in the ranking was taken by the Philippines ($X), with an 18% share of total imports. It was followed by Indonesia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in Cambodia was relatively modest. In the other countries, the average annual rates were as follows: the Philippines (+42.3% per year) and Indonesia (-3.1% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, surging by 17% against the previous year. Overall, the import price, however, recorded a pronounced curtailment. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 the Philippines (+30.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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