ASEAN: Other Chemical Products Market 2024

Other Chemical Products Market Size in ASEAN

The ASEAN other chemical products market fell slightly to $X in 2022, shrinking by X% against the previous year. Overall, consumption recorded a significant curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Other Chemical Products Production in ASEAN

In value terms, other chemical products production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a dramatic slump. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Other Chemical Products Exports

Exports in ASEAN

In 2022, the amount of other chemical products exported in ASEAN rose remarkably to X tons, increasing by X% on the previous year's figure. In general, exports, however, recorded a dramatic decline. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, other chemical products exports rose notably to $X in 2022. Overall, exports, however, showed a dramatic shrinkage. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam prevails in exports structure, recording X tons, which was near X% of total exports in 2022. Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to other chemical products exports from Vietnam stood at X%. At the same time, Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. Vietnam (X p.p.) and Lao People's Democratic Republic (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest other chemical products supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Vietnam stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%).

Other Chemical Products Imports

Imports in ASEAN

After two years of growth, purchases abroad of other chemical products decreased by X% to X tons in 2022. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, other chemical products imports contracted to $X in 2022. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of other chemical products imports in 2022 were Vietnam (X tons), together amounting to X% of total import.

Vietnam was also the fastest-growing in terms of the other chemical products imports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Vietnam increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported other chemical products in ASEAN.

In Vietnam, other chemical products imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, leveling off at the previous year. Import price indicated a noticeable increase 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, other chemical products import price increased by X% against 2018 indices. The growth pace was the most rapid in 2019 when the import price increased by X%. The level of import peaked at $X per ton in 2021, and then shrank slightly in the following year.

As there is only one major supplying country, the average price level is determined by prices for Vietnam.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to X% per year.

Source: IndexBox Platform

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