South-Eastern Asia: Paraformaldehyde Market 2024

Paraformaldehyde Market Size in South-Eastern Asia

In 2022, the Southeast Asian paraformaldehyde market increased by X% to $X, rising for the second year in a row after four years of decline. Overall, consumption recorded a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Paraformaldehyde Production in South-Eastern Asia

In value terms, paraformaldehyde production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed prominent growth. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Paraformaldehyde Exports

Exports in South-Eastern Asia

In 2022, paraformaldehyde exports in South-Eastern Asia contracted dramatically to X tons, waning by X% on 2021 figures. Overall, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, paraformaldehyde exports dropped slightly to $X in 2022. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Indonesia prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Malaysia (X tons), achieving a X% share of total exports.

Indonesia was also the fastest-growing in terms of the paraformaldehyde exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%) displayed positive paces of growth. Indonesia (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia amounted to X%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price showed a prominent increase. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Malaysia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%).

Paraformaldehyde Imports

Imports in South-Eastern Asia

In 2022, paraformaldehyde imports in South-Eastern Asia declined to X tons, with a decrease of X% against the previous year. Over the period under review, imports saw a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, paraformaldehyde imports dropped to $X in 2022. In general, imports showed a slight setback. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons) and Myanmar (X tons) prevails in imports structure, together constituting X% of total imports. Malaysia (X tons) ranks next in terms of the total imports with an X% share, followed by Singapore (X%) and Indonesia (X%). Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constitutes the largest market for imported paraformaldehyde in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total imports. It was followed by Malaysia, with an X% share.

In Thailand, paraformaldehyde imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Myanmar (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, 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 ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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