ASEAN: Unsaturated Monohydric Alcohols Market 2024

Unsaturated Monohydric Alcohols Market Size in ASEAN

The ASEAN unsaturated monohydric alcohols market fell markedly to $X in 2023, with a decrease of X% against the previous year. In general, consumption showed a perceptible slump. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Unsaturated Monohydric Alcohols Production in ASEAN

In value terms, unsaturated monohydric alcohols production amounted to $X in 2023 estimated in export price. In general, production recorded strong growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

Unsaturated Monohydric Alcohols Exports

Exports in ASEAN

In 2023, the amount of unsaturated monohydric alcohols exported in ASEAN surged to X tons, growing by X% on the year before. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, unsaturated monohydric alcohols exports expanded rapidly to $X in 2023. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the near future.

Exports by Country

Singapore prevails in exports structure, recording X tons, which was approx. X% of total exports in 2023. Malaysia (X tons) followed a long way behind the leaders.

Exports from Singapore increased at an average annual rate of X% from 2012 to 2023. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. While the share of Singapore (X p.p.) and Malaysia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore stood at X%.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2022 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 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Singapore amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%).

Unsaturated Monohydric Alcohols Imports

Imports in ASEAN

In 2023, approx. X tons of unsaturated monohydric alcohols were imported in ASEAN; declining by X% on 2022 figures. Total imports indicated a perceptible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, unsaturated monohydric alcohols imports declined significantly to $X in 2023. Total imports indicated a modest increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2022, and then contracted remarkably in the following year.

Imports by Country

Singapore represented the main importing country with an import of about X tons, which reached X% of total imports. Indonesia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%).

From 2012 to 2023, average annual rates of growth with regard to unsaturated monohydric alcohols imports into Singapore stood at X%. At the same time, Malaysia (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Singapore saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the largest unsaturated monohydric alcohols importing markets in ASEAN were Singapore ($X), Indonesia ($X) and Malaysia ($X), together comprising X% of total imports.

Among the main importing countries, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price showed a slight slump. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform