ASEAN: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in ASEAN

In 2022, the ASEAN aromatic hydrocarbons derivatives market increased by X% to $X, rising for the second year in a row after three years of decline. The total consumption indicated strong growth from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Aromatic Hydrocarbons Derivatives Production in ASEAN

In value terms, aromatic hydrocarbons derivatives production shrank to $X in 2022 estimated in export price. Overall, production, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Aromatic Hydrocarbons Derivatives Exports

Exports in ASEAN

Aromatic hydrocarbons derivatives exports shrank rapidly to X tons in 2022, waning by X% against 2021 figures. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, aromatic hydrocarbons derivatives exports expanded significantly to $X in 2022. Over the period under review, exports, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Singapore was the key exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Vietnam (X tons) and Malaysia (X tons), together comprising a X% share of total exports. The following exporters - Thailand (X tons) and Indonesia (X tons) - each accounted for a X% share of total exports.

Exports from Singapore decreased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia, Indonesia and Singapore saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Singapore ($X) remains the largest aromatic hydrocarbons derivatives supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Singapore stood at X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price 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, aromatic hydrocarbons derivatives export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2020 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Aromatic Hydrocarbons Derivatives Imports

Imports in ASEAN

In 2022, approx. X tons of halogenated derivatives of aromatic hydrocarbons were imported in ASEAN; growing by X% compared with the previous year's figure. Overall, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, aromatic hydrocarbons derivatives imports skyrocketed to $X in 2022. Over the period under review, imports showed a prominent increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

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

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aromatic hydrocarbons derivatives importing markets in ASEAN were Cambodia ($X), the Philippines ($X) and Indonesia ($X), with a combined X% share of total imports.

The Philippines, with a CAGR of X%, recorded 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 ASEAN amounted to $X per ton, rising by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($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 mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :