ASEAN: Polyacetals Market 2024

Polyacetals Market Size in ASEAN

In 2021, after two years of decline, there was significant growth in the ASEAN polyacetals market, when its value increased by 13% to $X. In general, consumption, however, saw a slight contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Polyacetals Production in ASEAN

In value terms, polyacetals production rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 24%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Polyacetals Exports

Exports in ASEAN

In 2021, after two years of decline, there was significant growth in shipments abroad of polyacetals in primary forms, when their volume increased by 17% to X tons. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 29%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, polyacetals exports soared to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -7.6% against 2018 indices. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia represented the main exporting country with an export of about X tons, which finished at 56% of total exports. It was distantly followed by Thailand (X tons), generating a 36% share of total exports. Singapore (X tons) and Vietnam (X tons) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +62.4%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 97% of total exports. These countries were followed by Vietnam, which accounted for a further 2.1%.

Vietnam, with a CAGR of +45.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, growing by 6.2% against the previous year. In general, the export price, however, saw a perceptible shrinkage. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+0.2%), while the other leaders experienced a decline in the export price figures.

Polyacetals Imports

Imports in ASEAN

Polyacetals imports skyrocketed to X tons in 2021, jumping by 20% compared with 2020 figures. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 30%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, polyacetals imports skyrocketed to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Vietnam (X tons), Thailand (X tons), Malaysia (X tons), Singapore (X tons) and Indonesia (X tons) represented the key importer of polyacetals in primary forms in ASEAN, comprising 92% of total import. It was distantly followed by the Philippines (X tons), comprising a 7.8% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +24.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyacetals importing markets in ASEAN were Vietnam ($X), Thailand ($X) and Malaysia ($X), together accounting for 65% of total imports. Indonesia, Singapore and the Philippines lagged somewhat behind, together accounting for a further 35%.

The Philippines, with a CAGR of +18.4%, saw the highest rates of growth with regard to 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 2021, with an increase of 13% against the previous year. Over the period under review, the import price, however, saw a slight descent. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform