South-Eastern Asia: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in South-Eastern Asia

In 2022, after six years of growth, there was significant decline in the Southeast Asian halogenated hydrocarbon derivative market, when its value decreased by -6.7% to $X. Overall, consumption, however, continues to indicate a remarkable increase. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Halogenated Hydrocarbon Derivative Production in South-Eastern Asia

In value terms, halogenated hydrocarbon derivative production amounted to $X in 2022 estimated in export price. In general, production recorded prominent growth. The growth pace was the most rapid in 2016 when the production volume increased by 35%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Halogenated Hydrocarbon Derivative Exports

Exports in South-Eastern Asia

In 2022, the amount of halogenated derivatives of hydrocarbons exported in South-Eastern Asia reduced to X tons, with a decrease of -14.8% compared with the previous year's figure. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 44% against the previous year. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, halogenated hydrocarbon derivative exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 91%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Indonesia represented the key exporter of halogenated derivatives of hydrocarbons in South-Eastern Asia, with the volume of exports accounting for X tons, which was near 81% of total exports in 2022. It was distantly followed by Thailand (X tons), comprising a 17% share of total exports. Singapore (X tons) held a minor share of total exports.

Indonesia was also the fastest-growing in terms of the halogenated derivatives of hydrocarbons exports, with a CAGR of +3.1% from 2012 to 2022. At the same time, Thailand (+3.0%) displayed positive paces of growth. By contrast, Singapore (-2.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia and Thailand increased by +22 and +4.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest halogenated hydrocarbon derivative supplier in South-Eastern Asia, comprising 74% of total exports. The second position in the ranking was held by Thailand ($X), with a 15% share of total exports.

In Indonesia, halogenated hydrocarbon derivative exports expanded at an average annual rate of +17.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+5.2% per year) and Singapore (+0.7% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, rising by 39% against the previous year. In general, the export price saw a prominent expansion. The pace of growth appeared the most rapid in 2021 when the export price increased by 58% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.8%), while the other leaders experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of halogenated derivatives of hydrocarbons decreased by -22.4% to X tons for the first time since 2014, thus ending a seven-year rising trend. Total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped rapidly in the following year.

In value terms, halogenated hydrocarbon derivative imports declined to $X in 2022. Overall, imports, however, showed pronounced growth. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Thailand (X tons) and Vietnam (X tons) represented roughly 70% of total imports in 2022. The Philippines (X tons) took the next position in the ranking, followed by Indonesia (X tons) and Malaysia (X tons). All these countries together took near 28% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +6.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 71% share of total imports. The Philippines and Malaysia lagged somewhat behind, together comprising a further 20%.

Among the main importing countries, the Philippines, with a CAGR of +15.8%, saw the highest growth rate of the value of imports, 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, with an increase of 16% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, halogenated hydrocarbon derivative import price increased by +66.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by 43% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

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 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 the Philippines (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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