ASEAN: Propylene Oxide Market 2024

Propylene Oxide Market Size in ASEAN

The ASEAN propylene oxide market dropped dramatically to $X in 2023, falling by X% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Propylene Oxide Production in ASEAN

In value terms, propylene oxide production declined notably to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Propylene Oxide Exports

Exports in ASEAN

In 2023, overseas shipments of methyloxirane (propylene oxide) decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, propylene oxide exports contracted dramatically to $X in 2023. Over the period under review, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Thailand represented the key exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Singapore (X tons), achieving a X% share of total exports.

Thailand was also the fastest-growing in terms of the methyloxirane (propylene oxide) exports, with a CAGR of X% from 2012 to 2023. Singapore (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Singapore (X p.p.) displayed negative dynamics.

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

In Thailand, propylene oxide exports contracted by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, falling by X% against the previous year. Overall, the export price showed a deep slump. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Singapore stood at $X per ton.

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

Propylene Oxide Imports

Imports in ASEAN

In 2023, overseas purchases of methyloxirane (propylene oxide) decreased by X% to X tons, falling for the fifth year in a row after three years of growth. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, propylene oxide imports contracted notably to $X in 2023. In general, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Malaysia represented the major importing country with an import of about X tons, which reached X% of total imports. Thailand (X tons) took the second position in the ranking, distantly followed by Indonesia (X tons). All these countries together held approx. X% share of total imports.

Malaysia was also the fastest-growing in terms of the methyloxirane (propylene oxide) imports, with a CAGR of X% from 2012 to 2023. Thailand (X%) and Indonesia (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Malaysia ($X) constitutes the largest market for imported methyloxirane (propylene oxide) in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, waning by X% against the previous year. In general, the import price showed a slight contraction. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform