South-Eastern Asia: Hydantoin Market 2024

Hydantoin Market Size in South-Eastern Asia

In 2022, the Southeast Asian hydantoin market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, recorded a noticeable slump. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Hydantoin Production in South-Eastern Asia

In value terms, hydantoin production totaled $X in 2022 estimated in export price. Overall, production recorded measured growth. The growth pace was the most rapid 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 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Hydantoin Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of hydantoin and its derivatives decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, hydantoin exports surged to $X in 2022. Overall, exports, however, saw a resilient increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; afterwards, it flattened through to 2022.

Exports by Country

Indonesia represented the main exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Singapore (X tons), making up an X% share of total exports. Thailand (X tons) held a relatively small share of total exports.

Indonesia was also the fastest-growing in terms of the hydantoin and its derivatives exports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Singapore saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Indonesia ($X), Singapore ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, 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 export price figures.

Hydantoin Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of hydantoin and its derivatives was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, hydantoin imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia (X tons), Vietnam (X tons) and Thailand (X tons) represented roughly X% of total imports in 2022. Singapore (X tons) held the next position in the ranking, followed by Malaysia (X tons) and the Philippines (X tons). All these countries together took near X% share of total imports.

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

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

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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, with an increase of X% against the previous year. Import price indicated a mild expansion 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, hydantoin import price increased by X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Singapore ($X per ton), while the Philippines ($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 more modest paces of growth.

Source: IndexBox Platform

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