Asia: Fluoropolymers Market 2024

Fluoropolymers Market Size in Asia

The Asian fluoropolymers market expanded slightly to $X in 2021, increasing by 2.1% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Fluoropolymers Production in Asia

In value terms, fluoropolymers production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 28% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Fluoropolymers Exports

Exports in Asia

Fluoropolymers exports soared to X tons in 2021, growing by 24% compared with the previous year's figure. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +32.0% against 2019 indices. The growth pace was the most rapid in 2014 when exports increased by 26% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, fluoropolymers exports surged to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the key exporter of fluoropolymers in Asia, with the volume of exports accounting for X tons, which was near 52% of total exports in 2021. It was distantly followed by Japan (X tons) and India (X tons), together creating a 38% share of total exports. South Korea (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to fluoropolymers exports from China stood at +8.7%. At the same time, India (+13.7%), South Korea (+7.4%) and Japan (+4.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +13.7% from 2012-2021. India (+5.4 p.p.) and China (+4.3 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -7.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fluoropolymers supplying countries in Asia were China ($X), Japan ($X) and India ($X), together accounting for 90% of total exports.

Among the main exporting countries, India, with a CAGR of +14.7%, 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

In 2021, the export price in Asia amounted to $X per ton, increasing by 16% against the previous year. In general, the export price, however, saw a mild setback. The most prominent rate of growth was recorded in 2016 an increase of 17%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a 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 Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.6%), while the other leaders experienced mixed trends in the export price figures.

Fluoropolymers Imports

Imports in Asia

After three years of decline, overseas purchases of fluoropolymers increased by 20% to X tons in 2021. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fluoropolymers imports skyrocketed to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons) and South Korea (X tons) were the main importers of fluoropolymers in 2021, accounting for near 29% and 20% of total imports, respectively. Japan (X tons) took the next position in the ranking, followed by Taiwan (Chinese) (X tons), India (X tons) and Indonesia (X tons). All these countries together took near 29% share of total imports. Vietnam (X tons), Thailand (X tons), Turkey (X tons), Singapore (X tons), Malaysia (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia (with a CAGR of +46.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2021, with a combined 64% share of total imports. Taiwan (Chinese), India, Vietnam, Thailand, Turkey, Singapore, Hong Kong SAR, Malaysia and Indonesia lagged somewhat behind, together comprising a further 34%.

Indonesia, with a CAGR of +31.5%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 Asia stood at $X per ton in 2021, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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