Asia: Aldehydes Cyclic Polymers Market 2024

Aldehydes Cyclic Polymers Market Size in Asia

In 2022, the Asian aldehydes cyclic polymers market decreased by -33.5% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, continues to indicate a pronounced increase. The level of consumption peaked at $X in 2021, and then shrank sharply in the following year.

Aldehydes Cyclic Polymers Production in Asia

In value terms, aldehydes cyclic polymers production shrank to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 20%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Aldehydes Cyclic Polymers Exports

Exports in Asia

In 2022, approx. X tons of cyclic polymers of aldehydes were exported in Asia; picking up by 9.9% on the year before. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 53% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, aldehydes cyclic polymers exports soared to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 49% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China was the key exporting country with an export of around X tons, which finished at 79% of total exports. India (X tons) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (7.4%).

From 2012 to 2022, average annual rates of growth with regard to aldehydes cyclic polymers exports from China stood at -2.0%. At the same time, India (+83.3%) and Saudi Arabia (+53.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +83.3% from 2012-2022. While the share of India (+11 p.p.) and Saudi Arabia (+7.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-10.7 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest aldehydes cyclic polymers supplier in Asia, comprising 80% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+61.9% per year) and India (+39.1% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, rising by 7% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2014 an increase of 24%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

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 Saudi Arabia ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.5%), while the other leaders experienced mixed trends in the export price figures.

Aldehydes Cyclic Polymers Imports

Imports in Asia

In 2022, after three years of growth, there was significant decline in overseas purchases of cyclic polymers of aldehydes, when their volume decreased by -45.4% to X tons. Over the period under review, imports showed a perceptible reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 69% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank rapidly in the following year.

In value terms, aldehydes cyclic polymers imports contracted significantly to $X in 2022. Overall, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of 73% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted notably in the following year.

Imports by Country

India (X tons) and Vietnam (X tons) represented roughly 70% of total imports in 2022. It was distantly followed by China (X tons), generating a 14% share of total imports. Japan (X tons), Israel (X tons) and Palestine (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +28.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported cyclic polymers of aldehydes in Asia, comprising 77% of total imports. The second position in the ranking was held by Vietnam ($X), with an 8.8% share of total imports. It was followed by China, with a 6.4% share.

In India, aldehydes cyclic polymers imports increased at an average annual rate of +54.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (-5.1% per year) and China (+10.3% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with an increase of 37% against the previous year. In general, the import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of 44%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

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 India ($X per ton), while Vietnam ($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 (+20.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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