South-Eastern Asia: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in South-Eastern Asia

The Southeast Asian saturated acyclic hydrocarbons market reduced modestly to $X in 2022, shrinking by -1.6% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Saturated Acyclic Hydrocarbons Production in South-Eastern Asia

In value terms, saturated acyclic hydrocarbons production reduced modestly to $X in 2022 estimated in export price. Overall, production recorded a mild descent. The most prominent rate of growth was recorded in 2017 with an increase of 42%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Saturated Acyclic Hydrocarbons Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of saturated acyclic hydrocarbons increased by 12% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 144%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, saturated acyclic hydrocarbons exports soared to $X in 2022. In general, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 78% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Thailand (X tons) and Singapore (X tons) were the key exporters of saturated acyclic hydrocarbons in South-Eastern Asia, together constituting 81% of total exports. It was distantly followed by Malaysia (X tons), comprising a 19% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Malaysia (with a CAGR of +3.3%), while the other leaders experienced a decline 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, together accounting for 100% of total exports.

Malaysia, with a CAGR of +1.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, surging by 20% against the previous year. Over the period under review, the export price, however, saw a mild decline. The most prominent rate of growth was recorded in 2018 an increase of 57% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.7%), while the other leaders experienced a decline in the export price figures.

Saturated Acyclic Hydrocarbons Imports

Imports in South-Eastern Asia

In 2022, the amount of saturated acyclic hydrocarbons imported in South-Eastern Asia declined modestly to X tons, shrinking by -3.1% on 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 71% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, saturated acyclic hydrocarbons imports surged to $X in 2022. Over the period under review, imports saw a mild setback. The pace of growth appeared the most rapid in 2019 with an increase of 44% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Singapore (X tons) and Vietnam (X tons) were the main importers of saturated acyclic hydrocarbons in South-Eastern Asia, together creating 58% of total imports. The Philippines (X tons) ranks next in terms of the total imports with a 17% share, followed by Indonesia (16%) and Malaysia (5.1%). Thailand (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 key importing countries, was attained by the Philippines (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported saturated acyclic hydrocarbons in South-Eastern Asia, comprising 44% of total imports. The second position in the ranking was held by Indonesia ($X), with a 17% share of total imports. It was followed by the Philippines, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore totaled -5.1%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (-0.1% per year) and the Philippines (+23.0% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, growing by 29% against the previous year. Over the period under review, the import price, however, saw a pronounced descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+1.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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