South-Eastern Asia: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in South-Eastern Asia

For the third year in a row, the Southeast Asian saturated acyclic monocarboxylic acids market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Production of Saturated Acyclic Monocarboxylic Acids in South-Eastern Asia

In value terms, saturated acyclic monocarboxylic acids production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of saturated acyclic monocarboxylic acids, when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank markedly in the following year.

In value terms, saturated acyclic monocarboxylic acids exports reached $X in 2022. Overall, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Singapore (X tons), Malaysia (X tons) and Indonesia (X tons) represented roughly X% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

Indonesia, with a CAGR of X%, saw 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 more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

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

Imports of Saturated Acyclic Monocarboxylic Acids

Imports in South-Eastern Asia

In 2022, purchases abroad of saturated acyclic monocarboxylic acids decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, saturated acyclic monocarboxylic acids imports stood at $X in 2022. In general, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Singapore (X tons), Thailand (X tons), Indonesia (X tons), Vietnam (X tons) and Malaysia (X tons) represented roughly X% of total imports in 2022. It was distantly followed by the Philippines (X tons), making up a X% share of total imports.

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

In value terms, the largest saturated acyclic monocarboxylic acids importing markets in South-Eastern Asia were Singapore ($X), Indonesia ($X) and Thailand ($X), together comprising X% of total imports. Vietnam, Malaysia and the Philippines lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 the Philippines ($X per ton), while Vietnam ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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