South-Eastern Asia: Alcohols Market 2024

Alcohols Market Size in South-Eastern Asia

The Southeast Asian alcohols market totaled $X in 2020, increasing by X% against the previous year. Overall, consumption, however, saw a pronounced shrinkage. The level of consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Alcohols Production in South-Eastern Asia

In value terms, alcohols production fell modestly to $X in 2020 estimated in export price. Overall, production recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

Alcohols Exports

Exports in South-Eastern Asia

In 2020, overseas shipments of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by X% to X tons for the first time since 2015, thus ending a four-year rising trend. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2019, and then declined in the following year.

In value terms, alcohols exports dropped to $X in 2020. Overall, exports saw a noticeable curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2020, the exports failed to regain momentum.

Exports by Country

In 2020, Malaysia (X tons) represented the major exporter of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, creating X% of total exports. Singapore (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%). Thailand (X tons) and the Philippines (X tons) held a minor share of total exports.

From 2012 to 2020, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2020, with a combined X% share of total exports. The Philippines and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2020, the export price in South-Eastern Asia amounted to $X per ton, falling by X% against the previous year. Overall, the export price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the export price figures.

Alcohols Imports

Imports in South-Eastern Asia

For the fifth consecutive year, South-Eastern Asia recorded growth in overseas purchases of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, which increased by X% to X tons in 2020. The total import volume increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the maximum in 2020 and are likely to continue growth in the immediate term.

In value terms, alcohols imports dropped to $X in 2020. Overall, imports, however, showed a mild descent. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

The purchases of the five major importers of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, namely Indonesia, Thailand, Singapore, Malaysia and Vietnam, represented more than two-thirds of total import. The Philippines (X tons) took a relatively small share of total imports.

From 2012 to 2020, 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, the largest alcohols importing markets in South-Eastern Asia were Indonesia ($X), Singapore ($X) and Thailand ($X), together accounting for X% of total imports. Vietnam, Malaysia and the Philippines lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Vietnam, 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 mixed trends in the imports figures.

Import Prices by Country

In 2020, the import price in South-Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Overall, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Singapore ($X per ton) and Vietnam ($X per ton), while Thailand ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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