Asia: Natural Polymers Market 2024

Natural Polymers Market Size in Asia

In 2021, the Asian natural polymers market decreased by -0.7% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Natural Polymers Production in Asia

In value terms, natural polymers production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of 29% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Natural Polymers Exports

Exports in Asia

After two years of decline, overseas shipments of natural and modified natural polymers in primary forms increased by 2.1% to X tons in 2021. The total export volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 24%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, natural polymers exports skyrocketed to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 prevails in exports structure, accounting for X tons, which was approx. 91% of total exports in 2021. Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the natural and modified natural polymers in primary forms exports, with a CAGR of +3.6% from 2012 to 2021. At the same time, Japan (+1.4%) displayed positive paces of growth. While the share of China (+3.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest natural polymers supplier in Asia, comprising 69% of total exports. The second position in the ranking was taken by Japan ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +4.7%.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, surging by 39% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.7%).

Natural Polymers Imports

Imports in Asia

In 2021, purchases abroad of natural and modified natural polymers in primary forms increased by 4.7% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 13%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, natural polymers imports surged to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% 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 +70.3% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan was the key importing country with an import of around X tons, which reached 25% of total imports. India (X tons) took the second position in the ranking, followed by China (X tons), South Korea (X tons), the United Arab Emirates (X tons), Thailand (X tons) and Indonesia (X tons). All these countries together held approx. 40% share of total imports. Pakistan (X tons), Vietnam (X tons), Taiwan (Chinese) (X tons), Turkey (X tons), the Philippines (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to natural polymers imports into Japan stood at +3.7%. At the same time, Vietnam (+11.5%), Taiwan (Chinese) (+10.7%), China (+9.1%), South Korea (+8.1%), the Philippines (+7.8%), Pakistan (+6.2%), Thailand (+5.4%), India (+4.6%), the United Arab Emirates (+4.3%) and Turkey (+2.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of +11.5% from 2012-2021. By contrast, Indonesia (-1.0%) and Saudi Arabia (-4.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, South Korea and Vietnam increased by +2.6, +2.2 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest natural polymers importing markets in Asia were China ($X), Japan ($X) and South Korea ($X), together accounting for 58% of total imports.

Among the main importing countries, China, with a CAGR of +20.5%, 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

In 2021, the import price in Asia amounted to $X per ton, increasing by 34% against the previous year. Over the last nine years, it increased at an average annual rate of +3.8%. 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 China ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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