Asia-Pacific: Aldehydes Cyclic Polymers Market 2024

Aldehydes Cyclic Polymers Market Size in Asia-Pacific

In 2022, after five years of growth, there was significant decline in the Asia-Pacific aldehydes cyclic polymers market, when its value decreased by -34.6% to $X. Over the period under review, consumption, however, posted a resilient expansion. Over the period under review, the market hit record highs at $X in 2021, and then shrank sharply in the following year.

Aldehydes Cyclic Polymers Production in Asia-Pacific

In value terms, aldehydes cyclic polymers production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 21% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Aldehydes Cyclic Polymers Exports

Exports in Asia-Pacific

In 2022, exports of cyclic polymers of aldehydes in Asia-Pacific skyrocketed to X tons, picking up by 16% on the year before. In general, exports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Over the period under review, the exports attained the peak figure 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. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 48%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China was the major exporter of cyclic polymers of aldehydes in Asia-Pacific, with the volume of exports recording X tons, which was approx. 86% of total exports in 2022. It was distantly followed by India (X tons), comprising a 12% share of total exports.

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%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +83.3% from 2012-2022. While the share of India (+12 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-4.6 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest aldehydes cyclic polymers supplier in Asia-Pacific, comprising 92% of total exports. The second position in the ranking was taken by India ($X), with a 4.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by 14% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 25% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.4%).

Aldehydes Cyclic Polymers Imports

Imports in Asia-Pacific

In 2022, overseas purchases of cyclic polymers of aldehydes decreased by -44.2% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 94%. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell markedly in the following year.

In value terms, aldehydes cyclic polymers imports fell markedly to $X in 2022. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by 75% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, India (X tons) and Vietnam (X tons) represented the key importers of cyclic polymers of aldehydes in Asia-Pacific, together accounting for near 71% of total imports. China (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Australia (5.9%) and Japan (4.5%).

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 ($X) constitutes the largest market for imported cyclic polymers of aldehydes in Asia-Pacific, comprising 78% of total imports. The second position in the ranking was taken by Vietnam ($X), with an 8.9% share of total imports. It was followed by China, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +54.0%. 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, increasing by 35% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2018 when the import price increased by 40%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

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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