ASEAN: Methylamine Market 2024

Methylamine Market Size in ASEAN

The ASEAN methylamine market contracted to $X in 2023, waning by X% against the previous year. Overall, consumption recorded a perceptible reduction. The growth pace was the most rapid in 2018 when the market value increased by X%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Methylamine Production in ASEAN

In value terms, methylamine production declined to $X in 2023 estimated in export price. Overall, production continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Methylamine Exports

Exports in ASEAN

For the fourth consecutive year, ASEAN recorded growth in overseas shipments of methylamine, di- or trimethylamine and their salts, which increased by X% to X tons in 2023. Over the period under review, exports showed a tangible increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, methylamine exports soared to $X in 2023. In general, exports showed a moderate increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked in 2023 and is likely to see steady growth in years to come.

Exports by Country

Singapore was the main exporter of methylamine, di- or trimethylamine and their salts in ASEAN, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. Indonesia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%).

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

In value terms, Singapore ($X) emerged as the largest methylamine supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Singapore amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, growing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Methylamine Imports

Imports in ASEAN

In 2023, purchases abroad of methylamine, di- or trimethylamine and their salts decreased by X% to X tons, falling for the second consecutive year after two years of growth. Total imports indicated a tangible increase from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, methylamine imports declined significantly to $X in 2023. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then reduced notably in the following year.

Imports by Country

The Philippines was the major importer of methylamine, di- or trimethylamine and their salts in ASEAN, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. It was distantly followed by Indonesia (X tons), Malaysia (X tons) and Thailand (X tons), together generating a X% share of total imports. Myanmar (X tons) took a little share of total imports.

Imports into the Philippines increased at an average annual rate of X% from 2012 to 2023. At the same time, Thailand (X%), Myanmar (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of the Philippines (X p.p.), Indonesia (X p.p.), Thailand (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Malaysia (X p.p.) displayed negative dynamics.

In value terms, the Philippines ($X), Malaysia ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, Indonesia, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 ASEAN stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2022 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform