Asia-Pacific: Fluoropolymers Market 2024

Fluoropolymers Market Size in Asia-Pacific

The Asia-Pacific fluoropolymers market was estimated at $X in 2021, surging by 2.1% against the previous year. The market 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. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Fluoropolymers Production in Asia-Pacific

In value terms, fluoropolymers production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the production volume increased by 26%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Fluoropolymers Exports

Exports in Asia-Pacific

In 2021, approx. X tons of fluoropolymers were exported in Asia-Pacific; growing by 25% against 2020. Total exports indicated a resilient increase 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 +33.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 26%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, fluoropolymers exports skyrocketed to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. 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

In 2021, China (X tons) was the largest exporter of fluoropolymers, comprising 53% of total exports. It was distantly followed by Japan (X tons) and India (X tons), together constituting a 38% share of total exports. South Korea (X tons) took 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-Pacific, with a CAGR of +13.7% from 2012-2021. India (+5.4 p.p.) and China (+4.6 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, China ($X), Japan ($X) and India ($X) constituted the countries with the highest levels of exports in 2021, with a combined 91% share of total exports.

India, with a CAGR of +14.7%, 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

In 2021, the export price in Asia-Pacific amounted to $X per ton, jumping by 17% against the previous year. Over the period under review, the export price, however, saw a slight decline. The most prominent rate of growth was recorded in 2016 when the export price increased by 17% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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-Pacific

In 2021, purchases abroad of fluoropolymers was finally on the rise to reach X tons after three years of decline. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. 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.

In value terms, fluoropolymers imports skyrocketed to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. 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) represented roughly 53% of total imports in 2021. It was distantly followed by Japan (X tons), Taiwan (Chinese) (X tons), India (X tons), Indonesia (X tons) and Vietnam (X tons), together committing a 35% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key 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) were the countries with the highest levels of imports in 2021, together comprising 66% of total imports. Taiwan (Chinese), India, Vietnam and Indonesia lagged somewhat behind, together comprising a further 23%.

Indonesia, with a CAGR of +31.5%, recorded the highest growth rate of the value of imports, among 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-Pacific stood at $X per ton in 2021, increasing by 13% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :