South-Eastern Asia: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in South-Eastern Asia

The Southeast Asian sulphuric acid market surged to $X in 2022, jumping by X% against the previous year. Overall, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sulphuric Acid Production in South-Eastern Asia

In value terms, sulphuric acid production declined to $X in 2022 estimated in export price. In general, production continues to indicate notable growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Sulphuric Acid Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of sulphuric acid and oleum were exported in South-Eastern Asia; with an increase of X% compared with the previous year. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, sulphuric acid exports surged to $X in 2022. Over the period under review, exports saw a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

The Philippines (X tons) and Thailand (X tons) prevails in exports structure, together creating X% of total exports. The following exporters - Malaysia (X tons) and Singapore (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the Philippines ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, the Philippines, with a CAGR of X%, saw the highest growth rate of 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, surging by X% against the previous year. In general, the export price, however, continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the export price figures.

Sulphuric Acid Imports

Imports in South-Eastern Asia

In 2022, sulphuric acid imports in South-Eastern Asia skyrocketed to X tons, jumping by X% compared with 2021. Over the period under review, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, sulphuric acid imports surged to $X in 2022. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

The Philippines represented the major importing country with an import of about X tons, which finished at X% of total imports. Indonesia (X tons) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%) and Thailand (X%). Vietnam (X tons), Lao People's Democratic Republic (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sulphuric acid imports into the Philippines stood at X%. At the same time, Malaysia (X%), Thailand (X%), Vietnam (X%), Lao People's Democratic Republic (X%), Indonesia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the Philippines and Malaysia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported sulphuric acid and oleum in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with an X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Philippines amounted to X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform