ASEAN: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in ASEAN

The ASEAN saturated acyclic monocarboxylic acids market expanded to $X in 2023, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2023.

Production of Saturated Acyclic Monocarboxylic Acids in ASEAN

In value terms, saturated acyclic monocarboxylic acids production amounted to $X in 2023 estimated in export price. The total production indicated a notable increase 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, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by 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.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports in ASEAN

In 2023, shipments abroad of saturated acyclic monocarboxylic acids decreased by X% to X tons, falling for the second consecutive year after two years of growth. Total exports indicated a temperate increase from 2012 to 2023: its volume 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 pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, saturated acyclic monocarboxylic acids exports fell dramatically to $X in 2023. Over the period under review, exports, however, continue to indicate moderate growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then contracted markedly in the following year.

Exports by Country

In 2023, Singapore (X tons), Malaysia (X tons) and Indonesia (X tons) was the main exporter of saturated acyclic monocarboxylic acids in ASEAN, comprising X% of total export.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and Singapore ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, falling by X% against the previous year. Overall, the export price continues to indicate a slight curtailment. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2022, and then fell remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

Imports of Saturated Acyclic Monocarboxylic Acids

Imports in ASEAN

In 2023, the amount of saturated acyclic monocarboxylic acids imported in ASEAN surged to X tons, jumping by X% on the previous year's figure. Overall, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, saturated acyclic monocarboxylic acids imports dropped to $X in 2023. In general, imports recorded pronounced growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2022, and then reduced in the following year.

Imports by Country

Singapore was the largest importing country with an import of about X tons, which resulted at X% of total imports. Thailand (X tons) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%), Malaysia (X%) and Vietnam (X%). The Philippines (X tons) followed a long way behind the leaders.

Singapore was also the fastest-growing in terms of the saturated acyclic monocarboxylic acids imports, with a CAGR of X% from 2012 to 2023. At the same time, Vietnam (X%), Malaysia (X%), Indonesia (X%), the Philippines (X%) and Thailand (X%) displayed positive paces of growth. While the share of Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the Philippines (X p.p.), Vietnam (X p.p.), Malaysia (X p.p.), Indonesia (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, the largest saturated acyclic monocarboxylic acids importing markets in ASEAN were Singapore ($X), Indonesia ($X) and Vietnam ($X), together accounting for X% of total imports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

In 2023, the import price in ASEAN amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then fell sharply in the following year.

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 Vietnam ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform