South-Eastern Asia: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in South-Eastern Asia

The Southeast Asian polyphenols and phenol-alcohols market rose slightly to $X in 2022, growing by 1.7% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Polyphenols And Phenol-Alcohols Production in South-Eastern Asia

In value terms, polyphenols and phenol-alcohols production shrank to $X in 2022 estimated in export price. Overall, production, however, showed measured growth. The most prominent rate of growth was recorded in 2019 with an increase of 110% 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.

Polyphenols And Phenol-Alcohols Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of polyphenols and phenol-alcohols decreased by -33% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 127% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols exports skyrocketed to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 128%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

In 2022, Thailand (X tons), Singapore (X tons) and Malaysia (X tons) represented the key exporter of polyphenols and phenol-alcohols in South-Eastern Asia, generating 95% of total export. Vietnam (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +32.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X), Singapore ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, with a combined 97% share of total exports.

Thailand, with a CAGR of +38.7%, 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 2022, jumping by 92% against the previous year. Export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.4%), while the other leaders experienced more modest paces of growth.

Polyphenols And Phenol-Alcohols Imports

Imports in South-Eastern Asia

In 2022, the amount of polyphenols and phenol-alcohols imported in South-Eastern Asia contracted rapidly to X tons, which is down by -18.4% against 2021. Over the period under review, imports saw a mild setback. The pace of growth appeared the most rapid in 2020 when imports increased by 10%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, polyphenols and phenol-alcohols imports reached $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 24% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Indonesia was the major importing country with an import of about X tons, which amounted to 40% of total imports. Thailand (X tons) ranks second in terms of the total imports with a 22% share, followed by Malaysia (15%), Singapore (9.3%), Vietnam (8.1%) and the Philippines (4.9%).

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +11.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported polyphenols and phenol-alcohols in South-Eastern Asia, comprising 45% of total imports. The second position in the ranking was taken by Thailand ($X), with a 20% share of total imports. It was followed by Singapore, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia stood at +11.1%. In the other countries, the average annual rates were as follows: Thailand (+2.6% per year) and Singapore (-7.1% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, growing by 24% against the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyphenols and phenol-alcohols import price increased by +79.2% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 24%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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