South-Eastern Asia: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2025

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in South-Eastern Asia

In 2021, the Southeast Asian market for palmitic acid, stearic acid, their salts and esters decreased by -20.4% to $X, falling for the fourth year in a row after two years of growth. In general, consumption showed a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in South-Eastern Asia

In value terms, production of palmitic acid, stearic acid, their salts and esters rose markedly to $X in 2021 estimated in export price. In general, production, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 14% against the previous year. Over the period under review, production of reached the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports in South-Eastern Asia

Exports of palmitic acid, stearic acid, their salts and esters expanded significantly to X tons in 2021, growing by 13% on the year before. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.0% 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 +17.9% against 2018 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 41% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, exports of palmitic acid, stearic acid, their salts and esters soared to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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) and Malaysia (X tons) were the main exporters of palmitic acid, stearic acid, their salts and esters in South-Eastern Asia, together committing 89% of total exports. It was distantly followed by Singapore (X tons), creating an 11% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +10.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest palmitic acid, stearic acid, their salts and esters supplying countries in South-Eastern Asia were Malaysia ($X), Indonesia ($X) and Singapore ($X), with a combined 100% share of total exports.

Indonesia, with a CAGR of +10.5%, saw the highest growth rate of 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

In 2021, the export price in South-Eastern Asia amounted to $X per ton, surging by 29% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Singapore (+0.5%), while the other leaders experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports in South-Eastern Asia

In 2021, after two years of growth, there was significant decline in purchases abroad of palmitic acid, stearic acid, their salts and esters, when their volume decreased by -23.2% to X tons. Total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.2% 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 21%. The volume of import peaked at X tons in 2020, and then dropped rapidly in the following year.

In value terms, imports of palmitic acid, stearic acid, their salts and esters stood at $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 24%. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Malaysia (X tons), distantly followed by Indonesia (X tons), Thailand (X tons), Vietnam (X tons) and Singapore (X tons) were the main importers of palmitic acid, stearic acid, their salts and esters, together creating 96% of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +13.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2021, with a combined 70% share of total imports. These countries were followed by Vietnam, Singapore and the Philippines, which together accounted for a further 29%.

Among the main importing countries, the Philippines, with a CAGR of +13.2%, 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

In 2021, the import price in South-Eastern Asia amounted to $X per ton, jumping by 32% against the previous year. In general, the import price, however, showed a perceptible shrinkage. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, 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 Singapore (+0.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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