Asia: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Asia

The Asian market for unsaturated polyesters in primary forms expanded markedly to $X in 2021, increasing by 12% against the previous year. The total consumption indicated a prominent increase from 2012 to 2021: its value 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. Based on 2021 figures, consumption decreased by -0.1% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Production of Unsaturated Polyesters In Primary Forms in Asia

In value terms, unsaturated polyesters in primary forms production skyrocketed to $X in 2021 estimated in export price. Overall, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 55% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Unsaturated Polyesters In Primary Forms

Exports in Asia

In 2021, the amount of unsaturated polyesters in primary forms exported in Asia soared to X tons, jumping by 31% compared with 2020. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +45.7% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 36%. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, unsaturated polyesters in primary forms exports soared to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value 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. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Taiwan (Chinese) (X tons) and Turkey (X tons) represented the main exporters of unsaturated polyesters in primary forms in 2021, finishing at approx. 26% and 24% of total exports, respectively. China (X tons) ranks next in terms of the total exports with a 13% share, followed by Malaysia (7.7%), the United Arab Emirates (5.4%) and Singapore (5%). India (X tons) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +24.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest unsaturated polyesters in primary forms supplying countries in Asia were Turkey ($X), Taiwan (Chinese) ($X) and China ($X), together accounting for 56% of total exports.

In terms of the main exporting countries, Turkey, with a CAGR of +23.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, increasing by 19% against the previous year. In general, the export price, however, saw a mild slump. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 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 India ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Unsaturated Polyesters In Primary Forms

Imports in Asia

For the third consecutive year, Asia recorded growth in overseas purchases of unsaturated polyesters in primary forms, which increased by 6.1% to X tons in 2021. The total import volume increased at an average annual rate of +5.0% 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 2014 with an increase of 29% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in years to come.

In value terms, unsaturated polyesters in primary forms imports soared to $X in 2021. The total import value increased at an average annual rate of +3.3% 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

In 2021, Vietnam (X tons), distantly followed by India (X tons), Malaysia (X tons) and China (X tons) were the major importers of unsaturated polyesters in primary forms, together achieving 51% of total imports. Thailand (X tons), Japan (X tons), Israel (X tons), Qatar (X tons), the Philippines (X tons), Bangladesh (X tons), the United Arab Emirates (X tons), Iraq (X tons) and Turkey (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +26.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), India ($X) and China ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 44% of total imports. These countries were followed by Thailand, Israel, Malaysia, Turkey, Japan, the Philippines, Qatar, Bangladesh, the United Arab Emirates and Iraq, which together accounted for a further 38%.

The Philippines, with a CAGR of +25.8%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 amounted to $X per ton, increasing by 25% against the previous year. In general, the import price, however, recorded a slight shrinkage. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :