Asia-Pacific: Abs Copolymers Market 2024

Abs Copolymers Market Size in Asia-Pacific

After two years of decline, the Asia-Pacific ABS copolymers market increased by 23% to $X in 2021. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; afterwards, it flattened through to 2021.

Abs Copolymers Production in Asia-Pacific

In value terms, ABS copolymers production rose remarkably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 18% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Abs Copolymers Exports

Exports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded decline in overseas shipments of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms, which decreased by less than 0.1% to X tons in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 11%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, ABS copolymers exports surged to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X tons) and Taiwan (Chinese) (X tons) represented roughly 69% of total exports in 2021. Hong Kong SAR (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (9.2%). Thailand (X tons), Japan (X tons) and China (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of +7.8%), 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 accounting for 83% of total exports. These countries were followed by Malaysia, Thailand, China and Japan, which together accounted for a further 16%.

In terms of the main exporting countries, China, with a CAGR of +10.0%, recorded 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-Pacific stood at $X per ton in 2021, picking up by 50% against the previous year. In general, the export price showed 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.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the other leaders experienced more modest paces of growth.

Abs Copolymers Imports

Imports in Asia-Pacific

In 2021, overseas purchases of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms decreased by -1.8% to X tons, falling for the third consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 15% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ABS copolymers imports surged to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the largest importing country with an import of about X tons, which accounted for 56% of total imports. Hong Kong SAR (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (7%), Malaysia (6.6%) and Thailand (4.6%). India (X tons) and Indonesia (X tons) followed a long way behind the leaders.

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%) and Vietnam (+9.9%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +16.2% from 2012-2021. Thailand and Indonesia experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-6.1%) illustrated a downward trend over the same period. Malaysia (+4.8 p.p.), Vietnam (+3.7 p.p.) and India (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while China and Hong Kong SAR saw its share reduced by -1.5% and -11% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported acrylonitrile-butadiene-styrene (abs) copolymers in primary forms in Asia-Pacific, comprising 56% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 13% share of total imports. It was followed by Vietnam, with a 7.4% share.

In China, ABS copolymers imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (-5.2% per year) and Vietnam (+9.6% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, growing by 37% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the maximum 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 Hong Kong SAR ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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