ASEAN: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in ASEAN

The ASEAN butene and isomers thereof market shrank to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Butene (Butylene) And Isomers Thereof in ASEAN

In value terms, butene and isomers thereof production fell modestly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Butene (Butylene) And Isomers Thereof

Exports in ASEAN

Butene and isomers thereof exports skyrocketed to X tons in 2022, surging by X% compared with 2021 figures. Over the period under review, exports saw a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, butene and isomers thereof exports surged to $X in 2022. In general, exports enjoyed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia represented the main exporter of butene (butylene) and isomers thereof in ASEAN, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Singapore (X tons), mixing up a X% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to butene and isomers thereof exports from Indonesia stood at X%. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia and Singapore increased by X and X percentage points, respectively.

In value terms, Indonesia ($X), Singapore ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Singapore, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price continues to indicate mild growth. The growth pace was 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 immediate term.

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 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 Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Butene (Butylene) And Isomers Thereof

Imports in ASEAN

After two years of decline, purchases abroad of butene (butylene) and isomers thereof increased by X% to X tons in 2022. Over the period under review, imports showed perceptible growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, butene and isomers thereof imports soared to $X in 2022. Overall, imports, however, continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X tons) and Thailand (X tons) represented the major importers of butene (butylene) and isomers thereof in ASEAN, together comprising X% of total imports. Indonesia (X tons) took the next position in the ranking, distantly followed by Malaysia (X tons) and the Philippines (X tons). All these countries together took near X% share of total imports.

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 X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest butene and isomers thereof importing markets in ASEAN were Thailand ($X), Singapore ($X) and Indonesia ($X), with a combined X% share of total imports. Malaysia and the Philippines lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Philippines, 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 2022, remaining constant against the previous year. Over the period under review, the import price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Philippines ($X per ton) and Indonesia ($X per ton), while Singapore ($X per ton) and Malaysia ($X per ton) were 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 a decline in the import price figures.

Source: IndexBox Platform

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