South-Eastern Asia: Ionones And Methylionones Market 2024

Ionones And Methylionones Market Size in South-Eastern Asia

The Southeast Asian ionones and methylionones market expanded remarkably to $X in 2021, increasing by 14% against the previous year. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +72.5% against 2015 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Ionones And Methylionones Production in South-Eastern Asia

In value terms, ionones and methylionones production reduced modestly to $X in 2021 estimated in export price. In general, production continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2016 when the production volume increased by 17%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Ionones And Methylionones Exports

Exports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in shipments abroad of ionones and methylionones, which increased by 1.1% to X tons in 2021. In general, exports recorded a prominent increase. The pace of growth was the most pronounced in 2019 when exports increased by 125% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, ionones and methylionones exports expanded to $X in 2021. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by 65%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Singapore (X tons) was the key exporter of ionones and methylionones in South-Eastern Asia, making up 99% of total export.

Singapore was also the fastest-growing in terms of the ionones and methylionones exports, with a CAGR of +13.8% from 2012 to 2021. While the share of Singapore (+1.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) also remains the largest ionones and methylionones supplier in South-Eastern Asia.

From 2012 to 2021, the average annual growth rate of value in Singapore stood at +9.3%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 an increase of 73% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2021, the rate of growth in terms of prices for Singapore amounted to -4.0% per year.

Ionones And Methylionones Imports

Imports in South-Eastern Asia

Ionones and methylionones imports rose sharply to X tons in 2021, growing by 14% on the previous year. Total imports indicated a remarkable increase 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 +62.5% against 2018 indices. The growth pace was the most rapid in 2016 when imports increased by 23% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, ionones and methylionones imports rose remarkably to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 +77.0% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 18%. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

Singapore was the key importer of ionones and methylionones in South-Eastern Asia, with the volume of imports recording X tons, which was near 81% of total imports in 2021. It was distantly followed by Indonesia (X tons), generating a 19% share of total imports.

Imports into Singapore increased at an average annual rate of +6.9% from 2012 to 2021. At the same time, Indonesia (+7.9%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +7.9% from 2012-2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported ionones and methylionones in South-Eastern Asia, comprising 83% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 17% share of total imports.

In Singapore, ionones and methylionones imports expanded at an average annual rate of +6.2% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, declining by -3.6% against the previous year. In general, the import price showed a slight decline. The pace of growth appeared the most rapid in 2018 when the import price increased by 17%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-0.6%).

Source: IndexBox Platform

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