Asia-Pacific: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in Asia-Pacific

In 2022, the Asia-Pacific compound plasticisers market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2017 when the market value increased by X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Compound Plasticisers Production in Asia-Pacific

In value terms, compound plasticisers production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Compound Plasticisers Exports

Exports in Asia-Pacific

After eight years of growth, shipments abroad of compound plasticisers for rubber or plastics decreased by X% to X tons in 2022. Over the period under review, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, compound plasticisers exports reduced slightly to $X in 2022. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

In 2022, China (X tons) was the major exporter of compound plasticisers for rubber or plastics, making up X% of total exports. India (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%), Indonesia (X%), South Korea (X%) and Taiwan (Chinese) (X%). Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of X%), while 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, with a combined X% share of total exports.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 2022, rising by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: 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-Pacific

In 2022, approx. X tons of compound plasticisers for rubber or plastics were imported in Asia-Pacific; remaining stable against the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, leveling off in the following year.

In value terms, compound plasticisers imports dropped to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Malaysia (X tons) and China (X tons) represented the key importers of compound plasticisers for rubber or plastics in 2022, amounting to approx. X% and X% of total imports, respectively. It was distantly followed by Indonesia (X tons), Thailand (X tons), Vietnam (X tons), Japan (X tons), India (X tons) and Bangladesh (X tons), together generating a X% share of total imports.

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

In value terms, China ($X) constitutes the largest market for imported compound plasticisers for rubber or plastics in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price recorded a mild shrinkage. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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