Asia-Pacific: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Asia-Pacific

The Asia-Pacific market for polyethylene terephthalate and other polyethylene terephthalate in primary forms dropped modestly to $X in 2022, reducing by -2.7% against the previous year. Over the period under review, consumption continues to indicate a pronounced slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Asia-Pacific

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms dropped slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 22% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports in Asia-Pacific

In 2022, overseas shipments of polyethylene terephthalate and other polyethylene terephthalate in primary forms were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Overall, exports, however, saw a dramatic slump. The pace of growth appeared the most rapid in 2013 with an increase of 19% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms expanded significantly to $X in 2022. Over the period under review, exports, however, saw a sharp descent. The most prominent rate of growth was recorded in 2013 when exports increased by 18% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

South Korea was the largest exporter of polyethylene terephthalate and other polyethylene terephthalate in primary forms in Asia-Pacific, with the volume of exports amounting to X tons, which was near 47% of total exports in 2022. It was distantly followed by India (X tons), Indonesia (X tons) and Vietnam (X tons), together constituting a 45% share of total exports. Taiwan (Chinese) (X tons) and Pakistan (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +3.1%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplying countries in Asia-Pacific were South Korea ($X), India ($X) and Indonesia ($X), with a combined 83% share of total exports. Vietnam, Taiwan (Chinese) and Pakistan lagged somewhat behind, together comprising a further 15%.

In terms of the main exporting countries, Vietnam, with a CAGR of -1.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, shrinking by -3.1% against the previous year. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Pakistan ($X per ton) and Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-3.2%), while the other leaders experienced a decline in the export price figures.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports in Asia-Pacific

After two years of growth, overseas purchases of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -5.1% to X tons in 2022. Over the period under review, imports recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 18% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced to $X in 2022. In general, imports recorded a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 9.8%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Vietnam (X tons) and Indonesia (X tons) represented roughly 65% of total imports in 2022. Bangladesh (X tons) ranks next in terms of the total imports with a 13% share, followed by South Korea (6.8%) and Taiwan (Chinese) (4.9%). The following importers - Hong Kong SAR (X tons) and Pakistan (X tons) - each reached a 4.5% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +22.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms importing markets in Asia-Pacific were Vietnam ($X), Indonesia ($X) and Bangladesh ($X), with a combined 74% share of total imports. South Korea, Taiwan (Chinese), Hong Kong SAR and Pakistan lagged somewhat behind, together comprising a further 18%.

In terms of the main importing countries, Pakistan, with a CAGR of +15.3%, saw the highest rates of growth with regard to 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

The import price in Asia-Pacific stood at $X per ton in 2022, surging by 2.7% against the previous year. In general, the import price, however, continues to indicate a abrupt downturn. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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