South-Eastern Asia: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in South-Eastern Asia

The Southeast Asian industrial monocarboxylic fatty acids market dropped to $X in 2021, waning by -6.6% against the previous year. Over the period under review, consumption recorded a mild curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Industrial Monocarboxylic Fatty Acids in South-Eastern Asia

In value terms, industrial monocarboxylic fatty acids production fell to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 28% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Exports of Industrial Monocarboxylic Fatty Acids

Exports in South-Eastern Asia

In 2021, the amount of industrial monocarboxylic fatty acids exported in South-Eastern Asia skyrocketed to X tons, increasing by 18% compared with the year before. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 27%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, industrial monocarboxylic fatty acids exports soared to $X in 2021. Over the period under review, exports recorded resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Indonesia (X tons) represented the major exporter of industrial monocarboxylic fatty acids, making up 64% of total exports. It was distantly followed by Malaysia (X tons), making up a 33% share of total exports. Thailand (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of +11.7%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 99% share of total exports.

Indonesia, with a CAGR of +13.2%, 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 more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, growing by 57% against the previous year. Export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial monocarboxylic fatty acids export price increased by +88.1% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($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 (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Industrial Monocarboxylic Fatty Acids

Imports in South-Eastern Asia

In 2021, purchases abroad of industrial monocarboxylic fatty acids was finally on the rise to reach X tons after two years of decline. Overall, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 40%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial monocarboxylic fatty acids imports skyrocketed to $X in 2021. In general, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 69%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia represented the main importer of industrial monocarboxylic fatty acids in South-Eastern Asia, with the volume of imports reaching X tons, which was approx. 75% of total imports in 2021. It was distantly followed by Singapore (X tons), constituting an 18% share of total imports. Thailand (X tons) and Indonesia (X tons) followed a long way behind the leaders.

Malaysia was also the fastest-growing in terms of the industrial monocarboxylic fatty acids imports, with a CAGR of +11.3% from 2012 to 2021. At the same time, Thailand (+8.1%) and Indonesia (+6.1%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. From 2012 to 2021, the share of Malaysia increased by +17 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported industrial monocarboxylic fatty acids in South-Eastern Asia, comprising 75% of total imports. The second position in the ranking was taken by Singapore ($X), with a 16% share of total imports. It was followed by Thailand, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value in Malaysia amounted to +12.7%. In the other countries, the average annual rates were as follows: Singapore (+1.8% per year) and Thailand (+4.3% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, with an increase of 52% against the previous year. Import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial monocarboxylic fatty acids import price increased by +91.6% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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