Asia: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in Asia

The Asian compound plasticisers market contracted to $X in 2022, falling by X% against the previous year. In general, consumption, however, continues to indicate a strong increase. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Compound Plasticisers Production in Asia

In value terms, compound plasticisers production contracted remarkably to $X in 2022 estimated in export price. In general, production, however, saw resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Compound Plasticisers Exports

Exports in Asia

In 2022, after eight years of growth, there was significant decline in shipments abroad of compound plasticisers for rubber or plastics, when their volume decreased by X% to X tons. Overall, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, compound plasticisers exports expanded remarkably to $X in 2022. In general, exports, however, saw resilient growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, China (X tons), distantly followed by India (X tons), Malaysia (X tons), the United Arab Emirates (X tons), Bahrain (X tons) and Indonesia (X tons) were the largest exporters of compound plasticisers for rubber or plastics, together comprising X% of total exports. South Korea (X tons) held a little share of total exports.

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

In value terms, China ($X), Indonesia ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Bahrain, the United Arab Emirates, India and South Korea lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Bahrain, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while India ($X per ton) was amongst the lowest.

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

Compound Plasticisers Imports

Imports in Asia

In 2022, supplies from abroad of compound plasticisers for rubber or plastics increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, compound plasticisers imports stood at $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

The purchases of the twelve major importers of compound plasticisers for rubber or plastics, namely Malaysia, China, Saudi Arabia, Indonesia, Thailand, Vietnam, Turkey, Japan, the United Arab Emirates, India, Bangladesh and Taiwan (Chinese), represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Saudi Arabia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Japan, Turkey, Indonesia, Vietnam, India, the United Arab Emirates, Malaysia, Taiwan (Chinese) and Bangladesh lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Bangladesh, with a CAGR of X%, saw the highest growth rate of 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 Asia stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2021, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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