ASEAN: Alcohols Market 2024

Alcohols Market Size in ASEAN

The ASEAN alcohols market expanded slightly to $X in 2020, with an increase of X% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable setback. The level of consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Alcohols Production in ASEAN

In value terms, alcohols production fell slightly to $X in 2020 estimated in export price. Overall, production recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Alcohols Exports

Exports in ASEAN

In 2020, after four years of growth, there was significant decline in overseas shipments of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, when their volume decreased by X% to X tons. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019, and then dropped in the following year.

In value terms, alcohols exports dropped to $X in 2020. Overall, exports continue to indicate a noticeable slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2020, the exports failed to regain momentum.

Exports by Country

Malaysia represented the major exporter of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in ASEAN, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2020. Singapore (X tons) ranks second in terms of the total exports with a X% share, followed by Indonesia (X%). Thailand (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of X%), while 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 2020, with a combined X% share of total exports. The Philippines and Thailand lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded 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 a decline in the exports figures.

Export Prices by Country

In 2020, the export price in ASEAN amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price recorded a noticeable slump. The pace of growth was the most pronounced in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2020, the export prices failed to regain momentum.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the export price figures.

Alcohols Imports

Imports in ASEAN

For the fifth consecutive year, ASEAN recorded growth in overseas purchases of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, which increased by X% to X tons in 2020. The total import volume increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, alcohols imports contracted to $X in 2020. Over the period under review, imports, however, showed a mild slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2020, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of alcohols imports in 2020 were Indonesia (X tons), Thailand (X tons), Singapore (X tons), Malaysia (X tons) and Vietnam (X tons), together resulting at X% of total import. The Philippines (X tons) held a minor share of total imports.

From 2012 to 2020, 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 alcohols importing markets in ASEAN were Indonesia ($X), Singapore ($X) and Thailand ($X), with a combined X% share of total imports. Vietnam, Malaysia and the Philippines lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2020, reducing by X% against the previous year. Over the period under review, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Singapore ($X per ton) and Vietnam ($X per ton), while Thailand ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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