Asia-Pacific: Natural Polymers Market 2024

Natural Polymers Market Size in Asia-Pacific

The Asia-Pacific natural polymers market expanded modestly to $X in 2021, with an increase of 2.1% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Natural Polymers Production in Asia-Pacific

In value terms, natural polymers production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 38%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Natural Polymers Exports

Exports in Asia-Pacific

In 2021, after two years of decline, there was growth in overseas shipments of natural and modified natural polymers in primary forms, when their volume increased by 1.5% to X tons. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, natural polymers exports skyrocketed to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.7% 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 dominates exports structure, finishing at X tons, which was near 92% of total exports in 2021. Japan (X tons) took a minor share of total exports.

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. From 2012 to 2021, the share of China increased by +4.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest natural polymers supplier in Asia-Pacific, comprising 70% of total exports. The second position in the ranking was taken by Japan ($X), with a 10% share of total exports.

In China, natural polymers exports increased at an average annual rate of +4.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, growing by 39% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. As a result, the export price attained 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 amounted to $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-Pacific

After two years of decline, supplies from abroad of natural and modified natural polymers in primary forms increased by 18% to X tons in 2021. The total import volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, natural polymers imports surged to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.7% against 2014 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan represented the largest importing country with an import of around X tons, which resulted at 30% of total imports. It was distantly followed by India (X tons), China (X tons), South Korea (X tons), Thailand (X tons), Australia (X tons) and Indonesia (X tons), together achieving a 47% share of total imports. Pakistan (X tons), Vietnam (X tons), Taiwan (Chinese) (X tons), the Philippines (X tons), Malaysia (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

Imports into Japan increased at an average annual rate of +3.7% from 2012 to 2021. 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%), Malaysia (+6.2%), Bangladesh (+6.1%), Thailand (+5.4%), Australia (+4.9%) and India (+4.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +11.5% from 2012-2021. By contrast, Indonesia (-1.0%) illustrated a downward trend over the same period. China (+2.6 p.p.), South Korea (+2 p.p.), Vietnam (+1.8 p.p.) and Taiwan (Chinese) (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Japan and Indonesia saw its share reduced by -2.7% and -4.3% 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 South Korea ($X) were the countries with the highest levels of imports in 2021, with a combined 63% share of total imports.

Among the main importing countries, China, with a CAGR of +20.5%, recorded the highest growth rate of 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-Pacific amounted to $X per ton, growing by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. As a result, import price reached 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 ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+10.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :