South-Eastern Asia: Market for Urea Resins And Thiourea Resins In Primary Forms 2024

Market Size for Urea Resins And Thiourea Resins In Primary Forms in South-Eastern Asia

The Southeast Asian urea and thiourea resins market contracted to $X in 2022, approximately mirroring the previous year. In general, consumption recorded a mild reduction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Urea Resins And Thiourea Resins In Primary Forms in South-Eastern Asia

In value terms, urea and thiourea resins production declined slightly to $X in 2022 estimated in export price. In general, production continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Urea Resins And Thiourea Resins In Primary Forms

Exports in South-Eastern Asia

After two years of growth, overseas shipments of urea resins and thiourea resins in primary forms decreased by X% to X tons in 2022. 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 growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, urea and thiourea resins exports expanded remarkably to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia prevails in exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Indonesia (X tons), generating a X% share of total exports. Thailand (X tons) and Singapore (X tons) followed a long way behind the leaders.

Exports from Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and Thailand increased by X and X percentage points, respectively.

In value terms, Malaysia ($X) remains the largest urea and thiourea resins supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

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

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, saw a noticeable slump. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Imports of Urea Resins And Thiourea Resins In Primary Forms

Imports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in purchases abroad of urea resins and thiourea resins in primary forms, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, urea and thiourea resins imports expanded sharply to $X in 2022. Over the period under review, imports, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) represented the key importer of urea resins and thiourea resins in primary forms, constituting X% of total imports. Indonesia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%), the Philippines (X%), Brunei Darussalam (X%) and Malaysia (X%). Cambodia (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to urea and thiourea resins imports into Thailand stood at X%. At the same time, Brunei Darussalam (X%), the Philippines (X%), Vietnam (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of the Philippines (X p.p.), Vietnam (X p.p.) and Brunei Darussalam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (X p.p.), Malaysia (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Indonesia ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Vietnam, Malaysia, Brunei Darussalam and Cambodia lagged somewhat behind, together comprising a further X%.

Brunei Darussalam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in South-Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, 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.

Source: IndexBox Platform