South-Eastern Asia: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in South-Eastern Asia

The Southeast Asian acrylic acid esters market rose notably to $X in 2022, increasing by X% against the previous year. Overall, consumption posted a strong increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Acrylic Acid Esters Production in South-Eastern Asia

In value terms, acrylic acid esters production expanded notably to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Acrylic Acid Esters Exports

Exports in South-Eastern Asia

In 2022, the amount of esters of acrylic acid exported in South-Eastern Asia contracted remarkably to X tons, falling by X% compared with 2021 figures. Overall, exports showed a pronounced slump. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped dramatically in the following year.

In value terms, acrylic acid esters exports fell sharply to $X in 2022. Over the period under review, exports showed a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia represented the major exporter of esters of acrylic acid in South-Eastern Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Indonesia (X tons) and Singapore (X tons), together generating a X% share of total exports.

Malaysia was also the fastest-growing in terms of the esters of acrylic acid exports, with a CAGR of X% from 2012 to 2022. Indonesia (X%) and Singapore (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest acrylic acid esters supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia stood at X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Acrylic Acid Esters Imports

Imports in South-Eastern Asia

In 2022, imports of esters of acrylic acid in South-Eastern Asia fell markedly to X tons, which is down by X% against the previous year. Total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, acrylic acid esters imports reduced to $X in 2022. In general, imports, however, recorded a noticeable expansion. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

The countries with the highest levels of acrylic acid esters imports in 2022 were Thailand (X tons), Indonesia (X tons), Malaysia (X tons), Vietnam (X tons), Singapore (X tons) and the Philippines (X tons), together finishing at X% of total import.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic acid esters importing markets in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Vietnam ($X), together accounting for X% of total imports. Malaysia, Singapore and the Philippines lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the import price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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