Asia-Pacific: Polyamide Market 2024

Polyamide Market Size in Asia-Pacific

In 2021, the Asia-Pacific polyamide market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Polyamide Production in Asia-Pacific

In value terms, polyamide production expanded notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 18% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Polyamide Exports

Exports in Asia-Pacific

In 2021, shipments abroad of polyamides (in primary forms) increased by 26% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyamide exports surged to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; 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

China represented the main exporting country with an export of around X tons, which reached 32% of total exports. Taiwan (Chinese) (X tons) ranks second in terms of the total exports with a 16% share, followed by South Korea (10%), Thailand (8.4%), Japan (7.8%), Hong Kong SAR (6.4%), Vietnam (5.2%), Malaysia (5.1%) and Singapore (5%).

China was also the fastest-growing in terms of the polyamides (in primary forms) exports, with a CAGR of +13.1% from 2012 to 2021. At the same time, Vietnam (+12.6%), Malaysia (+8.5%), Thailand (+6.3%), Singapore (+1.5%) and Japan (+1.1%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-1.4%) and Taiwan (Chinese) (-5.8%) illustrated a downward trend over the same period. China (+19 p.p.), Vietnam (+2.9 p.p.), Thailand (+2.1 p.p.) and Malaysia (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR, South Korea and Taiwan (Chinese) saw its share reduced by -3%, -3.3% and -19.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest polyamide supplier in Asia-Pacific, comprising 35% of total exports. The second position in the ranking was taken by Japan ($X), with a 13% share of total exports. It was followed by Taiwan (Chinese), with a 12% share.

In China, polyamide exports expanded at an average annual rate of +11.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-0.5% per year) and Taiwan (Chinese) (-7.0% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, picking up by 25% against the previous year. Over the period under review, the export price, however, continues to indicate a slight contraction. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.4%), while the other leaders experienced more modest paces of growth.

Polyamide Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of polyamides (in primary forms) increased by 13% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, polyamide imports surged to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X tons) was the major importer of polyamides (in primary forms), committing 32% of total imports. India (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Japan (10%), South Korea (9.7%), Thailand (7.2%), Hong Kong SAR (5.5%), Taiwan (Chinese) (5%) and Indonesia (4.8%).

From 2012 to 2021, average annual rates of growth with regard to polyamide imports into China stood at -4.0%. At the same time, India (+13.4%), Thailand (+6.2%), Japan (+4.4%), South Korea (+3.2%) and Indonesia (+2.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +13.4% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-2.6%) illustrated a downward trend over the same period. India (+8.8 p.p.), Japan (+2.7 p.p.), Thailand (+2.6 p.p.) and South Korea (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR and China saw its share reduced by -2.1% and -18.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported polyamides (in primary forms) in Asia-Pacific, comprising 33% of total imports. The second position in the ranking was held by Japan ($X), with a 12% share of total imports. It was followed by India, with an 11% share.

In China, polyamide imports declined by an average annual rate of -3.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+2.7% per year) and India (+10.8% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, jumping by 27% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while India ($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) (+0.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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