South-Eastern Asia: Benzene Market 2024

Benzene Market Size in South-Eastern Asia

The Southeast Asian benzene market fell modestly to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption continues to indicate a mild downturn. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Benzene Production in South-Eastern Asia

In value terms, benzene production fell to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Benzene Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of benzene increased by X% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a prominent increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, benzene exports soared to $X in 2022. Overall, exports saw a measured expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

In 2022, Brunei Darussalam (X tons) and Thailand (X tons) represented the main exporters of benzene in South-Eastern Asia, together creating X% of total exports. Malaysia (X tons) ranks next in terms of the total exports with a X% share, followed by Singapore (X%), Vietnam (X%) and Indonesia (X%). The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest benzene supplying countries in South-Eastern Asia were Brunei Darussalam ($X), Thailand ($X) and Malaysia ($X), with a combined X% share of total exports. Singapore, Vietnam, Indonesia and the Philippines lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Vietnam, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, showed a mild slump. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Thailand ($X per ton) and Brunei Darussalam ($X per ton), while the Philippines ($X per ton) and Singapore ($X per ton) were amongst the lowest.

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

Benzene Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of benzene were imported in South-Eastern Asia; falling by X% against the previous year's figure. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, benzene imports declined notably to $X in 2022. In general, imports continue to indicate a deep slump. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Singapore (X tons) and Malaysia (X tons) were the major importers of benzene in 2022, resulting at near X% and X% of total imports, respectively. It was distantly followed by Indonesia (X tons), mixing up a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Singapore ($X), Malaysia ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

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

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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