ASEAN: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in ASEAN

For the third consecutive year, the ASEAN acyclic hydrocarbons derivatives market recorded decline in sales value, which decreased by X% to $X in 2023. Over the period under review, consumption continues to indicate a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Acyclic Hydrocarbons Derivatives Production in ASEAN

In value terms, acyclic hydrocarbons derivatives production dropped markedly to $X in 2023 estimated in export price. In general, production continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Acyclic Hydrocarbons Derivatives Exports

Exports in ASEAN

For the third consecutive year, ASEAN recorded decline in shipments abroad of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons, which decreased by X% to X tons in 2023. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, acyclic hydrocarbons derivatives exports reached $X in 2023. Total exports indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Singapore prevails in exports structure, finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by Vietnam (X tons), achieving a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to acyclic hydrocarbons derivatives exports from Singapore stood at X%. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Singapore and Vietnam increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest acyclic hydrocarbons derivatives supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Singapore stood at X%.

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, growing by X% against the previous year. Export price indicated a perceptible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, acyclic hydrocarbons derivatives export price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, 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 Singapore ($X per ton), while Vietnam stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%).

Acyclic Hydrocarbons Derivatives Imports

Imports in ASEAN

In 2023, purchases abroad of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, acyclic hydrocarbons derivatives imports rose significantly to $X in 2023. Over the period under review, imports, however, showed a slight descent. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Indonesia (X tons), Singapore (X tons) and the Philippines (X tons) was the key importer of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons in ASEAN, generating X% of total import.

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Singapore ($X) constitutes the largest market for imported fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and the Philippines (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, surging by X% against the previous year. Import price indicated a modest increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, acyclic hydrocarbons derivatives import price increased by X% against 2020 indices. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: 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 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform