South-Eastern Asia: Hydantoin Market 2025

Hydantoin Market Size in South-Eastern Asia

After two years of decline, the Southeast Asian hydantoin market increased by 5.7% to $X in 2022. In general, consumption, however, recorded a pronounced contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Hydantoin Production in South-Eastern Asia

In value terms, hydantoin production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced downturn. The growth pace was the most rapid in 2013 with an increase of 65%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Hydantoin Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of hydantoin and its derivatives decreased by -9.5% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 448%. The volume of export peaked at X tons in 2021, and then reduced in the following year.

In value terms, hydantoin exports surged to $X in 2022. Overall, exports, however, posted a prominent increase. The growth pace was the most rapid in 2019 with an increase of 298%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Indonesia (X tons) was the main exporter of hydantoin and its derivatives, creating 87% of total exports. It was distantly followed by Singapore (X tons), achieving an 11% share of total exports. Thailand (X tons) took a minor share of total exports.

Indonesia was also the fastest-growing in terms of the hydantoin and its derivatives exports, with a CAGR of +61.0% from 2012 to 2022. At the same time, Thailand (+6.7%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. Indonesia (+81 p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Singapore saw its share reduced by -5.9% and -72% from 2012 to 2022, respectively.

In value terms, Indonesia ($X), Singapore ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2022, with a combined 100% share of total exports.

Indonesia, with a CAGR of +61.4%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, surging by 48% against the previous year. Overall, the export price, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2016 when the export price increased by 321%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat 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 ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+9.5%), while the other leaders experienced mixed trends in the export price figures.

Hydantoin Imports

Imports in South-Eastern Asia

After four years of decline, purchases abroad of hydantoin and its derivatives increased by 3.4% to X tons in 2022. Over the period under review, imports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2016 with an increase of 70%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, hydantoin imports skyrocketed to $X in 2022. Overall, imports, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2016 with an increase of 38%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X tons), Vietnam (X tons), Malaysia (X tons), Indonesia (X tons) and Singapore (X tons) represented roughly 94% of total imports in 2022. It was distantly followed by the Philippines (X tons), mixing up a 5% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +25.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 63% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +30.6%, recorded the highest rates of growth with regard to 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, surging by 11% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydantoin import price increased by +63.7% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 18% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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 ($X per ton), while the Philippines ($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 (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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