Asia: Abs Copolymers Market 2024

Abs Copolymers Market Size in Asia

After two years of decline, the Asian ABS copolymers market increased by 22% to $X in 2021. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in years to come.

Abs Copolymers Production in Asia

In value terms, ABS copolymers production rose notably to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 18% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Abs Copolymers Exports

Exports in Asia

In 2021, after two years of decline, there was growth in shipments abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms, when their volume increased by 0.9% to X tons. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 12%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, ABS copolymers exports soared to $X in 2021. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, South Korea (X tons) and Taiwan (Chinese) (X tons) were the largest exporters of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms in Asia, together finishing at approx. 66% of total exports. It was distantly followed by Hong Kong SAR (X tons) and Malaysia (X tons), together mixing up a 19% share of total exports. Saudi Arabia (X tons), Thailand (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Saudi Arabia (with a CAGR of +54.9%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 80% of total exports. These countries were followed by Malaysia, Saudi Arabia, Thailand and Japan, which together accounted for a further 15%.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +58.9%, saw 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

The export price in Asia stood at $X per ton in 2021, with an increase of 49% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. 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 South Korea ($X per ton) and Taiwan (Chinese) ($X per ton), while Malaysia ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.6%), while the other leaders experienced more modest paces of growth.

Abs Copolymers Imports

Imports in Asia

In 2021, purchases abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms decreased by -0.4% to X tons, falling for the third year in a row after two years of growth. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 15%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ABS copolymers imports soared to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern 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

China was the major importing country with an import of around X tons, which reached 53% of total imports. Hong Kong SAR (X tons) ranks second in terms of the total imports with an 11% share, followed by Vietnam (6.6%), Malaysia (6.2%) and Turkey (5.5%). The following importers - Thailand (X tons) and India (X tons) - each recorded an 8% share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms. At the same time, Malaysia (+16.2%), India (+10.1%), Vietnam (+9.9%) and Turkey (+8.5%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of +16.2% from 2012-2021. Thailand experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-6.1%) illustrated a downward trend over the same period. While the share of Malaysia (+4.4 p.p.), Vietnam (+3.4 p.p.), Turkey (+2.5 p.p.) and India (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of China (-3 p.p.) and Hong Kong SAR (-10.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported acrylonitrile-butadiene-styrene (abs) copolymers in primary forms in Asia, comprising 52% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 12% share of total imports. It was followed by Vietnam, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Hong Kong SAR (-5.2% per year) and Vietnam (+9.6% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, increasing by 39% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :