ASEAN: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in ASEAN

The ASEAN polycarboxylic acid market expanded remarkably to $X in 2022, growing by X% against the previous year. The total consumption indicated a temperate 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 2020 indices. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Polycarboxylic Acid Production in ASEAN

In value terms, polycarboxylic acid production contracted to $X in 2022 estimated in export price. In general, production showed a pronounced descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Polycarboxylic Acid Exports

Exports in ASEAN

In 2022, the amount of polycarboxylic acids exported in ASEAN contracted to X tons, with a decrease of X% compared with 2021. In general, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, polycarboxylic acid exports expanded rapidly to $X in 2022. Over the period under review, exports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Thailand (X tons) represented the major exporter of polycarboxylic acids, mixing up X% of total exports. It was distantly followed by Malaysia (X tons) and Indonesia (X tons), together mixing up a X% share of total exports. Vietnam (X tons) took a little share of total exports.

Exports from Thailand decreased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (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. Malaysia experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest polycarboxylic acid supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In Thailand, polycarboxylic acid exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was 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 a decline in the export price figures.

Polycarboxylic Acid Imports

Imports in ASEAN

In 2022, overseas purchases of polycarboxylic acids decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, showed a strong expansion. The growth pace was the most rapid in 2016 with an increase of X%. The volume of import peaked at X tons in 2021, and then dropped modestly in the following year.

In value terms, polycarboxylic acid imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 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

Vietnam was the main importing country with an import of around X tons, which amounted to X% of total imports. Malaysia (X tons) held the second position in the ranking, followed by Indonesia (X tons), Singapore (X tons) and Thailand (X tons). All these countries together held approx. X% share of total imports. The Philippines (X tons) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the polycarboxylic acids imports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) displayed positive paces of growth. Singapore, the Philippines, Malaysia and Indonesia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Vietnam increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Indonesia (X% per year).

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, however, showed a mild slump. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, 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 ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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