South-Eastern Asia: Market for Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function 2024

Market Size for Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function in South-Eastern Asia

The Southeast Asian market for benzaldehyde and other cyclic aldehydes without other oxygen function reached $X in 2023, approximately reflecting the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function in South-Eastern Asia

In value terms, benzaldehyde and other cyclic aldehydes production rose modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function

Exports in South-Eastern Asia

In 2023, after two years of decline, there was significant growth in shipments abroad of benzaldehyde and other cyclic aldehydes without other oxygen function, when their volume increased by X% to X tons. Over the period under review, exports showed prominent growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, benzaldehyde and other cyclic aldehydes exports rose slightly to $X in 2023. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2023 and are likely to continue growth in the near future.

Exports by Country

The Philippines prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Singapore (X tons), creating a X% share of total exports. Malaysia (X tons) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to benzaldehyde and other cyclic aldehydes exports from the Philippines stood at X%. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Philippines and Malaysia increased by X and X percentage points, respectively.

In value terms, the Philippines ($X) remains the largest benzaldehyde and other cyclic aldehydes supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in the Philippines totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the export price saw a mild decrease. The growth pace was the most rapid in 2019 an increase of X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Imports of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function

Imports in South-Eastern Asia

In 2023, overseas purchases of benzaldehyde and other cyclic aldehydes without other oxygen function decreased by X% to X tons, falling for the second consecutive year after six years of growth. Total imports indicated a tangible 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 2021 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, benzaldehyde and other cyclic aldehydes imports shrank rapidly to $X in 2023. Total imports indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of benzaldehyde and other cyclic aldehydes imports in 2023 were Singapore (X tons), the Philippines (X tons) and Indonesia (X tons), together reaching X% of total import. It was distantly followed by Malaysia (X tons), making up a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Indonesia ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. The Philippines lagged somewhat behind, accounting for a further X%.

In terms of 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 South-Eastern Asia stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a slight slump. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform