ASEAN: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in ASEAN

In 2023, after two years of growth, there was significant decline in the ASEAN heterocyclic compound market, when its value decreased by X% to $X. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

Heterocyclic Compound Production in ASEAN

In value terms, heterocyclic compound production rose slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

Heterocyclic Compound Exports

Exports in ASEAN

In 2023, heterocyclic compound exports in ASEAN declined modestly to X tons, approximately equating the year before. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2023, the growth of the exports failed to regain momentum.

In value terms, heterocyclic compound exports shrank notably to $X in 2023. Overall, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, Singapore (X tons) represented the major exporter of heterocyclic compounds, committing X% of total exports. It was distantly followed by Thailand (X tons), committing a X% share of total exports. Malaysia (X tons) held a little share of total exports.

Exports from Singapore increased at an average annual rate of X% from 2012 to 2023. At the same time, Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Thailand increased by X percentage points.

In value terms, Singapore ($X) remains the largest heterocyclic compound supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, which is down by X% against the previous year. In general, the export price, however, enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, 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.

Heterocyclic Compound Imports

Imports in ASEAN

In 2023, after three years of growth, there was decline in purchases abroad of heterocyclic compounds, when their volume decreased by X% to X tons. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X tons in 2022, and then fell slightly in the following year.

In value terms, heterocyclic compound imports contracted rapidly to $X in 2023. Total imports indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

Indonesia prevails in imports structure, recording X tons, which was near X% of total imports in 2023. The following importers - Malaysia (X tons), Vietnam (X tons), Singapore (X tons) and Thailand (X tons) - together made up X% of total imports.

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2023. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%), Vietnam (X%) and Malaysia (X%) illustrated a downward trend over the same period. Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam and Malaysia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported heterocyclic compounds in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Indonesia stood at X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, enjoyed a measured increase. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2023, the import prices remained at a lower figure.

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 2023, 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.

Source: IndexBox Platform