ASEAN: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in ASEAN

In 2022, the ASEAN aromatic hydrocarbon mixtures market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption showed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Aromatic Hydrocarbon Mixtures Production in ASEAN

In value terms, aromatic hydrocarbon mixtures production rose markedly to $X in 2022 estimated in export price. The total production indicated a tangible 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Aromatic Hydrocarbon Mixtures Exports

Exports in ASEAN

In 2022, overseas shipments of naphthalene and other aromatic hydrocarbon mixtures decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, aromatic hydrocarbon mixtures exports dropped dramatically to $X in 2022. In general, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Thailand was the main exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Singapore (X tons), Brunei Darussalam (X tons) and Malaysia (X tons), together achieving a X% share of total exports.

Exports from Thailand decreased at an average annual rate of X% from 2012 to 2022. At the same time, Brunei Darussalam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Brunei Darussalam (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) emerged as the largest aromatic hydrocarbon mixtures supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Malaysia, with an X% share.

In Thailand, aromatic hydrocarbon mixtures exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Thailand ($X per ton) and Singapore ($X per ton), while Brunei Darussalam ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Aromatic Hydrocarbon Mixtures Imports

Imports in ASEAN

In 2022, the amount of naphthalene and other aromatic hydrocarbon mixtures imported in ASEAN reduced remarkably to X tons, which is down by X% against the previous year's figure. Over the period under review, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aromatic hydrocarbon mixtures imports totaled $X in 2022. Overall, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, Singapore (X tons) represented the largest importer of naphthalene and other aromatic hydrocarbon mixtures, committing X% of total imports. It was distantly followed by Vietnam (X tons), Malaysia (X tons), Indonesia (X tons) and Thailand (X tons), together creating a X% share of total imports. The Philippines (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Vietnam ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 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 Vietnam ($X per ton) and the Philippines ($X per ton), while Thailand ($X per ton) and Singapore ($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 mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :