South-Eastern Asia: Market for Industrial Monocarboxylic Fatty Acids 2024

Market Size for Industrial Monocarboxylic Fatty Acids in South-Eastern Asia

In 2022, the Southeast Asian industrial monocarboxylic fatty acids market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a noticeable contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Industrial Monocarboxylic Fatty Acids in South-Eastern Asia

In value terms, industrial monocarboxylic fatty acids production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

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Exports of Industrial Monocarboxylic Fatty Acids

Exports in South-Eastern Asia

In 2022, exports of industrial monocarboxylic fatty acids in South-Eastern Asia rose markedly to X tons, increasing by X% on 2021. Over the period under review, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, industrial monocarboxylic fatty acids exports surged to $X in 2022. Overall, exports saw a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Indonesia was the key exporter of industrial monocarboxylic fatty acids in South-Eastern Asia, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Malaysia (X tons), committing a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of X%).

In value terms, Indonesia ($X) remains the largest industrial monocarboxylic fatty acids supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports.

In Indonesia, industrial monocarboxylic fatty acids exports increased at an average annual rate of X% over the period from 2012-2022.

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. Export price indicated a modest increase 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, industrial monocarboxylic fatty acids export price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Malaysia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%).

Imports of Industrial Monocarboxylic Fatty Acids

Imports in South-Eastern Asia

In 2022, overseas purchases of industrial monocarboxylic fatty acids increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial monocarboxylic fatty acids imports skyrocketed to $X in 2022. Over the period under review, imports saw a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Malaysia represented the key importer of industrial monocarboxylic fatty acids in South-Eastern Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Singapore (X tons), generating a X% share of total imports. The Philippines (X tons) and Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to industrial monocarboxylic fatty acids imports into Malaysia stood at X%. At the same time, the Philippines (X%), Singapore (X%) and Thailand (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported industrial monocarboxylic fatty acids in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

In Malaysia, industrial monocarboxylic fatty acids imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and the Philippines (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price showed a noticeable increase. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform

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