ASEAN: Maleic Anhydride Market 2024

Maleic Anhydride Market Size in ASEAN

In 2022, after two years of growth, there was significant decline in the ASEAN maleic anhydride market, when its value decreased by X% to $X. The total consumption indicated a buoyant increase 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 2019 indices. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Maleic Anhydride Production in ASEAN

In value terms, maleic anhydride production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production saw a slight setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Maleic Anhydride Exports

Exports in ASEAN

In 2022, the amount of maleic anhydride exported in ASEAN declined to X tons, reducing by X% compared with 2021 figures. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, maleic anhydride exports fell to $X in 2022. In general, exports, however, saw a modest expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Malaysia prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Indonesia (X tons), achieving a X% share of total exports.

Malaysia was also the fastest-growing in terms of the maleic anhydride exports, with a CAGR of X% from 2012 to 2022. Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia increased by X percentage points.

In value terms, Malaysia ($X) remains the largest maleic anhydride supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia amounted to X%.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, growing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%).

Maleic Anhydride Imports

Imports in ASEAN

In 2022, after two years of growth, there was decline in overseas purchases of maleic anhydride, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, maleic anhydride imports expanded notably to $X in 2022. Total imports indicated a prominent expansion 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, imports increased by X% against 2019 indices. 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 likely to continue growth in the immediate term.

Imports by Country

Singapore was the main importer of maleic anhydride in ASEAN, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Thailand (X tons), Malaysia (X tons), Indonesia (X tons) and Vietnam (X tons), together constituting a X% share of total imports. The Philippines (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to maleic anhydride imports into Singapore stood at X%. At the same time, the Philippines (X%), Indonesia (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. From 2012 to 2022, the share of Singapore, Indonesia and Vietnam increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported maleic anhydride in ASEAN, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Singapore, maleic anhydride imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, with an increase of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Vietnam ($X per ton) and the Philippines ($X per ton), while Indonesia ($X per ton) and Singapore ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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