Asia: Polyacetals Market 2024

Polyacetals Market Size in Asia

In 2021, the Asian polyacetals market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Polyacetals Production in Asia

In value terms, polyacetals production stood at $X in 2021 estimated in export price. Overall, production, however, saw a mild setback. The pace of growth was the most pronounced in 2018 with an increase of 4.8%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Polyacetals Exports

Exports in Asia

After two years of decline, overseas shipments of polyacetals in primary forms increased by 18% to X tons in 2021. The total export volume increased at an average annual rate of +4.5% 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.

In value terms, polyacetals exports soared to $X in 2021. The total export value increased at an average annual rate of +3.6% 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.

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) were the largest exporters of polyacetals in primary forms, together comprising 95% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Malaysia (with a CAGR of +16.0%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the largest polyacetals supplier in Asia, comprising 31% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 15% share of total exports. It was followed by Japan, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in South Korea stood at +8.8%. 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 amounted to $X per ton, with an increase of 14% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat 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

In 2021, after two years of decline, there was significant growth in purchases abroad of polyacetals in primary forms, when their volume increased by 15% to X tons. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, polyacetals imports surged to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China prevails in imports structure, reaching X tons, which was near 53% 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 26% share of total imports. Turkey (X tons), Thailand (X tons), Malaysia (X tons), Singapore (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to polyacetals imports into China stood at +7.5%. At the same time, Vietnam (+18.0%), Japan (+9.2%), India (+8.4%), Malaysia (+6.8%), Turkey (+6.7%), Indonesia (+4.4%), South Korea (+2.7%) and Taiwan (Chinese) (+1.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of +18.0% from 2012-2021. Thailand experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-4.4%) and Singapore (-5.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Vietnam, India and Japan increased by +9.4, +3.1, +1.8 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported polyacetals in primary forms in Asia, comprising 51% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an 8.1% share of total imports. It was followed by India, with a 6.4% share.

In China, polyacetals imports expanded at an average annual rate of +6.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hong Kong SAR (-4.1% per year) and India (+9.0% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, growing by 17% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while India ($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) (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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