South-Eastern Asia: Ethylene Oxide Market 2024

Ethylene Oxide Market Size in South-Eastern Asia

The Southeast Asian ethylene oxide market reached $X in 2023, remaining stable against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2023.

Ethylene Oxide Production in South-Eastern Asia

In value terms, ethylene oxide production amounted to $X in 2023 estimated in export price. The total production indicated a buoyant expansion 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, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Ethylene Oxide Exports

Exports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded growth in shipments abroad of oxirane (ethylene oxide), which increased by X% to X tons in 2023. In general, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, ethylene oxide exports soared to $X in 2023. Overall, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

In 2023, Singapore (X tons) was the key exporter of oxirane (ethylene oxide), making up X% of total exports. Malaysia (X tons) held the second position in the ranking, followed by Vietnam (X tons) and the Philippines (X tons). All these countries together took approx. X% share of total exports. The following exporters - Cambodia (X tons) and Thailand (X tons) - each finished at a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to ethylene oxide exports from Singapore stood at X%. At the same time, the Philippines (X%), Vietnam (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) and Thailand (X%) illustrated a downward trend over the same period. Singapore (X p.p.), Vietnam (X p.p.), the Philippines (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Malaysia saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the largest ethylene oxide supplying countries in South-Eastern Asia were Singapore ($X), Malaysia ($X) and Thailand ($X), with a combined X% share of total exports. The Philippines, Vietnam and Cambodia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, the Philippines, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, declining by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then fell in the following year.

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 Thailand ($X per ton), while Cambodia ($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 mixed trends in the export price figures.

Ethylene Oxide Imports

Imports in South-Eastern Asia

After three years of growth, supplies from abroad of oxirane (ethylene oxide) decreased by X% to X tons in 2023. In general, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2022, and then fell in the following year.

In value terms, ethylene oxide imports reduced to $X in 2023. Over the period under review, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then contracted in the following year.

Imports by Country

Vietnam (X tons), Malaysia (X tons) and Thailand (X tons) represented roughly X% of total imports in 2023. Indonesia (X tons) took the next position in the ranking, followed by Singapore (X tons). All these countries together held approx. X% share of total imports. The Philippines (X tons) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene oxide importing markets in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Vietnam ($X), with a combined X% share of total imports.

In terms of the main importing countries, Vietnam, 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

In 2023, the import price in South-Eastern Asia amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price continues to indicate a mild descent. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 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 Singapore ($X per ton), while Vietnam ($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 mixed trends in the import price figures.

Source: IndexBox Platform