South-Eastern Asia: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in South-Eastern Asia

The Southeast Asian ethyl acetate market fell slightly to $X in 2022, which is down by X% against the previous year. In general, consumption enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Ethyl Acetate Production in South-Eastern Asia

In value terms, ethyl acetate production shrank to $X in 2022 estimated in export price. Overall, production showed a pronounced setback. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Ethyl Acetate Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of ethyl acetate increased by X% to X tons, rising for the fourth consecutive year after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, ethyl acetate exports contracted to $X in 2022. In general, exports saw a temperate increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Singapore prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. The following exporters - Malaysia (X tons) and Vietnam (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to ethyl acetate exports from Singapore stood at X%. At the same time, Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Singapore (X p.p.), Malaysia (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest ethyl acetate supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports.

In Singapore, ethyl acetate exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, falling by X% against the previous year. Export price indicated modest growth from 2012 to 2022: its price 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, ethyl acetate export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

Ethyl Acetate Imports

Imports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded growth in overseas purchases of ethyl acetate, which increased by X% to X tons in 2022. Total imports indicated buoyant growth 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, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, ethyl acetate imports contracted to $X in 2022. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Indonesia (X tons) and Malaysia (X tons) represented roughly X% of total imports in 2022. Thailand (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%) and the Philippines (X%). Singapore (X tons) and Myanmar (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethyl acetate importing markets in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and Thailand ($X), together accounting for X% of total imports. Malaysia, the Philippines, Singapore and Myanmar lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Myanmar, 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

In 2022, the import price in South-Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform