China: Polycarbonate Market 2024

Polycarbonate Market Size in China

The Chinese polycarbonate market reduced to $X in 2022, with a decrease of -8.3% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Polycarbonate consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Polycarbonate Production in China

In value terms, polycarbonate production dropped rapidly to $X in 2022 estimated in export price. Overall, production saw a perceptible descent. The growth pace was the most rapid in 2016 when the production volume increased by 88%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Polycarbonate Exports

Exports from China

In 2022, polycarbonate exports from China dropped to X tons, with a decrease of -14.3% compared with the previous year. In general, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +15.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 35% against the previous year. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, polycarbonate exports contracted dramatically to $X in 2022. Overall, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 81%. As a result, the exports reached the peak of $X, and then reduced remarkably in the following year.

Exports by Country

Vietnam (X tons), Malaysia (X tons) and Thailand (X tons) were the main destinations of polycarbonate exports from China, with a combined 29% share of total exports. Indonesia, Japan, India, South Korea, the United States, Mexico, Israel, Singapore and Turkey lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +125.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polycarbonate exported from China were Vietnam ($X), Malaysia ($X) and Thailand ($X), together accounting for 31% of total exports. Indonesia, Japan, South Korea, India, Mexico, Singapore, the United States, Israel and Turkey lagged somewhat behind, together comprising a further 30%.

Among the main countries of destination, Israel, with a CAGR of +133.3%, saw 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 average polycarbonate export price stood at $X per ton in 2022, waning by -4.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 34%. As a result, the export price attained the peak level of $X per ton, and then shrank slightly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarbonate Imports

Imports into China

In 2022, purchases abroad of polycarbonates (in primary forms) decreased by -3.9% to X tons, falling for the second consecutive year after four years of growth. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by 15%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, polycarbonate imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

South Korea (X tons), Thailand (X tons) and Saudi Arabia (X tons) were the main suppliers of polycarbonate imports to China, together accounting for 46% of total imports. Japan, the United States, Spain, Malaysia, the Netherlands and Singapore lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +49.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarbonate suppliers to China were South Korea ($X), Thailand ($X) and Japan ($X), with a combined 42% share of total imports. These countries were followed by Saudi Arabia, the United States, Spain, the Netherlands, Malaysia and Singapore, which together accounted for a further 27%.

Malaysia, with a CAGR of +40.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polycarbonate import price stood at $X per ton in 2022, which is down by -8.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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