South-Eastern Asia: Imines Market 2024

Imines Market Size in South-Eastern Asia

In 2021, the Southeast Asian imines market increased by 4.9% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate strong growth. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Imines Production in South-Eastern Asia

In value terms, imines production fell rapidly to $X in 2021 estimated in export price. In general, production posted a significant increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 2,519,289%. Over the period under review, production reached the peak level at $X in 2020, and then contracted remarkably in the following year.

Imines Exports

Exports in South-Eastern Asia

In 2021, the amount of imines and their derivatives and salts thereof exported in South-Eastern Asia soared to X tons, with an increase of 113% on 2020. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 363%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, imines exports surged to $X in 2021. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 595% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

Indonesia dominates exports structure, amounting to X tons, which was near 93% of total exports in 2021. It was distantly followed by Singapore (X tons), making up a 5.4% share of total exports.

Indonesia was also the fastest-growing in terms of the imines and their derivatives and salts thereof exports, with a CAGR of +79.2% from 2012 to 2021. At the same time, Singapore (+44.9%) displayed positive paces of growth. From 2012 to 2021, the share of Indonesia increased by +51 percentage points.

In value terms, Indonesia ($X) remains the largest imines supplier in South-Eastern Asia, comprising 86% of total exports. The second position in the ranking was taken by Singapore ($X), with a 12% share of total exports.

In Indonesia, imines exports expanded at an average annual rate of +33.7% over the period from 2012-2021.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, surging by 4.2% against the previous year. Over the period under review, the export price, however, continues to indicate a sharp slump. The pace of growth appeared the most rapid in 2017 when the export price increased by 50% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per ton), while Indonesia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-16.6%).

Imines Imports

Imports in South-Eastern Asia

In 2021, the amount of imines and their derivatives and salts thereof imported in South-Eastern Asia soared to X tons, rising by 20% against the previous year. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 33% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, imines imports rose markedly to $X in 2021. In general, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 36%. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

Singapore (X tons) and Thailand (X tons) were the main importers of imines and their derivatives and salts thereof in 2021, finishing at near 29% and 28% of total imports, respectively. Vietnam (X tons) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (12%) and Indonesia (8.7%). The Philippines (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Singapore (with a CAGR of +28.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported imines and their derivatives and salts thereof in South-Eastern Asia, comprising 45% of total imports. The second position in the ranking was held by Thailand ($X), with a 21% share of total imports. It was followed by Vietnam, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in Singapore totaled +24.8%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+2.9% per year) and Vietnam (+16.4% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, declining by -9.8% against the previous year. Overall, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of 14% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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