South-Eastern Asia: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in South-Eastern Asia

In 2021, the Southeast Asian industrial fatty alcohols market decreased by -9.1% to $X, falling for the fourth year in a row after four years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Industrial Fatty Alcohols Production in South-Eastern Asia

In value terms, industrial fatty alcohols production expanded to $X in 2021 estimated in export price. The total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.3% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 31%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Industrial Fatty Alcohols Exports

Exports in South-Eastern Asia

In 2021, the amount of industrial fatty alcohols exported in South-Eastern Asia amounted to X tons, with an increase of 8.6% against the year before. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +121.7% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of 20%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, industrial fatty alcohols exports soared to $X in 2021. Over the period under review, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia represented the key exporter of industrial fatty alcohols in South-Eastern Asia, with the volume of exports accounting for X tons, which was approx. 57% of total exports in 2021. It was distantly followed by Malaysia (X tons), committing a 34% share of total exports. Thailand (X tons), the Philippines (X tons) and Singapore (X tons) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +29.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial fatty alcohols supplying countries in South-Eastern Asia were Indonesia ($X), Malaysia ($X) and the Philippines ($X), with a combined 94% share of total exports.

Among the main exporting countries, the Philippines, with a CAGR of +29.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, rising by 54% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Singapore ($X per ton) and the Philippines ($X per ton), while Indonesia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (-0.0%), while the other leaders experienced a decline in the export price figures.

Industrial Fatty Alcohols Imports

Imports in South-Eastern Asia

In 2021, imports of industrial fatty alcohols in South-Eastern Asia reduced notably to X tons, which is down by -15.6% on the previous year. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +15.8% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 42%. Over the period under review, imports hit record highs at X tons in 2020, and then dropped markedly in the following year.

In value terms, industrial fatty alcohols imports skyrocketed to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 45% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Singapore represented the main importing country with an import of around X tons, which accounted for 60% of total imports. Thailand (X tons) took the second position in the ranking, followed by Indonesia (X tons) and Malaysia (X tons). All these countries together took approx. 37% share of total imports. The Philippines (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to industrial fatty alcohols imports into Singapore stood at +8.6%. At the same time, Malaysia (+27.7%), the Philippines (+8.5%), Indonesia (+4.3%) and Thailand (+2.4%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +27.7% from 2012-2021. From 2012 to 2021, the share of Singapore and Malaysia increased by +7.1 and +5.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported industrial fatty alcohols in South-Eastern Asia, comprising 60% of total imports. The second position in the ranking was taken by Thailand ($X), with a 19% share of total imports. It was followed by Indonesia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore amounted to +9.0%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+2.0% per year) and Indonesia (+4.3% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, growing by 47% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Thailand ($X per ton) and the Philippines ($X per ton), while Malaysia ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+0.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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