ASEAN: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in ASEAN

The ASEAN saturated acyclic hydrocarbons market shrank to $X in 2022, declining by X% against the previous year. Overall, consumption recorded a slight curtailment. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Saturated Acyclic Hydrocarbons Production in ASEAN

In value terms, saturated acyclic hydrocarbons production reduced slightly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Saturated Acyclic Hydrocarbons Exports

Exports in ASEAN

In 2022, overseas shipments of saturated acyclic hydrocarbons increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a deep downturn. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, saturated acyclic hydrocarbons exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt decrease. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia represented the major exporting country with an export of about X tons, which recorded X% of total exports. Thailand (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (X%).

Malaysia was also the fastest-growing in terms of the saturated acyclic hydrocarbons exports, with a CAGR of X% from 2012 to 2022. Thailand (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

In value terms, the largest saturated acyclic hydrocarbons supplying countries in ASEAN were Malaysia ($X), Thailand ($X) and Singapore ($X), with a combined X% share of total exports.

Among the main exporting countries, Malaysia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Saturated Acyclic Hydrocarbons Imports

Imports in ASEAN

Saturated acyclic hydrocarbons imports declined to X tons in 2022, which is down by X% on 2021. Over the period under review, imports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, saturated acyclic hydrocarbons imports rose markedly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons) and Singapore (X tons) were the main importers of saturated acyclic hydrocarbons in 2022, accounting for near X% and X% of total imports, respectively. Indonesia (X tons) ranks next in terms of the total imports with a X% share, followed by the Philippines (X%) and Malaysia (X%). Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (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 Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. The Philippines, Malaysia and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, saw 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, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Vietnam ($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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