ASEAN: Market for Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl) 2024

Market Size for Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl) in ASEAN

The ASEAN market for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) surged to $X in 2023, jumping by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl) in ASEAN

In value terms, production of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) rose notably to $X in 2023 estimated in export price. Overall, production showed a perceptible setback. The growth pace was the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Exports of Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl)

Exports in ASEAN

In 2023, the amount of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) exported in ASEAN contracted to X tons, which is down by X% on 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports of reached the peak figure at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, exports of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) contracted markedly to $X in 2023. Over the period under review, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2022, and then fell dramatically in the following year.

Exports by Country

Singapore was the major exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Malaysia (X tons), Indonesia (X tons) and the Philippines (X tons), together constituting a X% share of total exports. Thailand (X tons) held a little share of total exports.

Singapore experienced a relatively flat trend pattern with regard to volume of exports of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl). At the same time, Indonesia (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. By contrast, Malaysia (X%), Thailand (X%) and the Philippines (X%) illustrated a downward trend over the same period. Indonesia (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and the Philippines saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols supplying countries in ASEAN were Singapore ($X), Indonesia ($X) and Malaysia ($X), together comprising X% of total exports.

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

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price saw a perceptible descent. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then reduced notably 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 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 mixed trends in the export price figures.

Imports of Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl)

Imports in ASEAN

After seven years of growth, purchases abroad of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) decreased by X% to X tons in 2023. Over the period under review, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports of attained the peak figure at X tons in 2022, and then reduced slightly in the following year.

In value terms, imports of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) shrank significantly to $X in 2023. In general, imports, however, posted a buoyant expansion. The growth pace was 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 shrank markedly in the following year.

Imports by Country

Indonesia (X tons) and Malaysia (X tons) were the main importers of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) in 2023, resulting at near X% and X% of total imports, respectively. Thailand (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. Vietnam (X tons) and the Philippines (X tons) followed a long way behind the leaders.

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

In value terms, the largest lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols importing markets in ASEAN were Indonesia ($X), Malaysia ($X) and Thailand ($X), with a combined X% share of total imports. Singapore, Vietnam and the Philippines lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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

The import price in ASEAN stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked 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 Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform