Asia-Pacific: Polyacetals Market 2024

Polyacetals Market Size in Asia-Pacific

After two years of decline, the Asia-Pacific polyacetals market increased by 14% to $X in 2021. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polyacetals Production in Asia-Pacific

In value terms, polyacetals production reached $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 5.4%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Polyacetals Exports

Exports in Asia-Pacific

After two years of decline, shipments abroad of polyacetals in primary forms increased by 18% to X tons in 2021. The total export volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyacetals exports surged to $X in 2021. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern 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, South Korea (X tons), distantly followed by Malaysia (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), Japan (X tons), Hong Kong SAR (X tons) and China (X tons) represented the key exporters of polyacetals in primary forms, together generating 97% of total exports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +16.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the largest polyacetals supplier in Asia-Pacific, comprising 32% of total exports. The second position in the ranking was held by Malaysia ($X), with a 15% share of total exports. It was followed by Japan, with a 14% share.

In South Korea, polyacetals exports expanded at an average annual rate of +8.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+10.9% per year) and Japan (+0.5% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, rising by 14% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Malaysia ($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 (+3.8%), while the other leaders experienced more modest paces of growth.

Polyacetals Imports

Imports in Asia-Pacific

After two years of decline, supplies from abroad of polyacetals in primary forms increased by 16% to X tons in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 22% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, polyacetals imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.3% over the period 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.

Imports by Country

China prevails in imports structure, finishing at X tons, which was near 55% of total imports in 2021. It was distantly followed by India (X tons), Hong Kong SAR (X tons), Japan (X tons) and Vietnam (X tons), together creating a 27% share of total imports. The following importers - Thailand (X tons) and Malaysia (X tons) - together made up 6.6% of total imports.

Imports into China increased at an average annual rate of +7.5% from 2012 to 2021. At the same time, Vietnam (+18.0%), Japan (+9.2%), India (+8.4%) and Malaysia (+6.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +18.0% from 2012-2021. Thailand experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-4.4%) illustrated a downward trend over the same period. While the share of China (+9.5 p.p.), Vietnam (+3.3 p.p.), India (+1.8 p.p.) and Japan (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Thailand (-1.8 p.p.) and Hong Kong SAR (-10.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported polyacetals in primary forms in Asia-Pacific, comprising 54% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an 8.6% share of total imports. It was followed by India, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +6.5%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (-4.1% per year) and India (+9.0% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, increasing by 15% against the previous year. Over the period under review, the import price, however, continues to indicate a mild shrinkage. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Thailand ($X per ton) and Hong Kong SAR ($X per ton), while India ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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