ASEAN: Market for Polyethylene Glycols and Polyethers in Primary Forms 2025

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in ASEAN

The ASEAN polyethylene glycol and polyether market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Production of Polyethylene Glycols and Polyethers in Primary Forms in ASEAN

In value terms, polyethylene glycol and polyether production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports in ASEAN

Polyethylene glycol and polyether exports surged to X tons in 2021, growing by 27% compared with the previous year's figure. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 42%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, polyethylene glycol and polyether exports surged to $X in 2021. Over the period under review, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tons) and Thailand (X tons) dominates exports structure, together generating 92% of total exports. It was distantly followed by Malaysia (X tons), achieving a 5.3% share of total exports. Vietnam (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +37.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether supplying countries in ASEAN were Singapore ($X), Thailand ($X) and Malaysia ($X), with a combined 98% share of total exports. Vietnam lagged somewhat behind, accounting for a further 2%.

In terms of the main exporting countries, Vietnam, with a CAGR of +32.8%, 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 2021, the export price in ASEAN amounted to $X per ton, picking up by 27% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Singapore ($X per ton) and Vietnam ($X per ton), while Malaysia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.0%), while the other leaders experienced a decline in the export price figures.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports in ASEAN

In 2021, the amount of polyethylene glycols and polyethers in primary forms imported in ASEAN rose sharply to X tons, growing by 13% compared with the previous year's figure. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +33.2% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 22% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, polyethylene glycol and polyether imports skyrocketed to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +101.9% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X tons) and Indonesia (X tons) represented roughly 57% of total imports in 2021. Thailand (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (11%), Malaysia (10%) and the Philippines (7.5%).

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +14.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether importing markets in ASEAN were Vietnam ($X), Indonesia ($X) and Thailand ($X), with a combined 67% share of total imports. These countries were followed by Singapore, Malaysia and the Philippines, which together accounted for a further 32%.

Among the main importing countries, the Philippines, with a CAGR of +16.9%, recorded 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

The import price in ASEAN stood at $X per ton in 2021, surging by 27% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Singapore ($X per ton) and Thailand ($X per ton), while Vietnam ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform