South-Eastern Asia: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in South-Eastern Asia

In 2022, the Southeast Asian heterocyclic compound market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Heterocyclic Compound Production in South-Eastern Asia

In value terms, heterocyclic compound production dropped slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Heterocyclic Compound Exports

Exports in South-Eastern Asia

In 2022, the amount of heterocyclic compounds exported in South-Eastern Asia declined significantly to X tons, shrinking by X% on 2021. Over the period under review, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, heterocyclic compound exports declined significantly to $X in 2022. In general, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore was the main exporter of heterocyclic compounds in South-Eastern Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Thailand (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Brunei Darussalam (X%). Malaysia (X tons) followed a long way behind the leaders.

Exports from Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Brunei Darussalam experienced a relatively flat trend pattern. From 2012 to 2022, the share of Thailand and Brunei Darussalam increased by X and X percentage points, respectively.

In value terms, Singapore ($X) remains the largest heterocyclic compound supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Brunei Darussalam ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore amounted to X%. In the other countries, the average annual rates were as follows: Brunei Darussalam (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

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 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 Singapore (X%), while the other leaders experienced a decline in the export price figures.

Heterocyclic Compound Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of heterocyclic compounds increased by X% to X tons, rising for the third consecutive year after two years of decline. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, heterocyclic compound imports rose to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2022. The following importers - Vietnam (X tons), Malaysia (X tons), Thailand (X tons) and Singapore (X tons) - each finished at a X% share of total imports.

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, Singapore (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and Vietnam (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.) and Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Singapore ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Singapore, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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, dropping by X% against the previous year. Over the period under review, the import price, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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