Eastern Asia: Polyacetals Market 2024

Polyacetals Market Size in Eastern Asia

In 2021, the East Asian polyacetals market was finally on the rise to reach $X after two years of decline. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polyacetals Production in Eastern Asia

In value terms, polyacetals production totaled $X in 2021 estimated in export price. In general, production, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2018 with an increase of 11% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Polyacetals Exports

Exports in Eastern Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of polyacetals in primary forms, when their volume increased by 19% to X tons. The total export volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed 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 skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations 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

South Korea was the major exporter of polyacetals in primary forms in Eastern Asia, with the volume of exports finishing at X tons, which was approx. 50% of total exports in 2021. Taiwan (Chinese) (X tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Japan (15%), Hong Kong SAR (10%) and China (7.9%).

South Korea was also the fastest-growing in terms of the polyacetals in primary forms exports, with a CAGR of +8.3% from 2012 to 2021. At the same time, Taiwan (Chinese) (+1.6%) and Japan (+1.4%) displayed positive paces of growth. By contrast, Hong Kong SAR (-4.8%) and China (-5.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Korea increased by +20 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest polyacetals supplier in Eastern Asia, comprising 44% of total exports. The second position in the ranking was held by Japan ($X), with a 19% share of total exports. It was followed by Taiwan (Chinese), with a 15% share.

In South Korea, polyacetals exports increased at an average annual rate of +8.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+0.5% per year) and Taiwan (Chinese) (+2.0% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, growing by 17% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Japan ($X per ton) and China ($X per ton), while South Korea ($X per ton) and Taiwan (Chinese) ($X per ton) were 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 Eastern Asia

In 2021, overseas purchases of polyacetals in primary forms were finally on the rise to reach X tons after two years of decline. Total imports indicated a prominent increase 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 most prominent rate of growth was recorded in 2017 when imports increased by 21% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, polyacetals imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the major importer of polyacetals in primary forms, achieving 76% of total imports. It was distantly followed by Hong Kong SAR (X tons) and Japan (X tons), together achieving a 19% share of total imports. Taiwan (Chinese) (X tons) and South Korea (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +7.5% from 2012 to 2021. At the same time, Japan (+9.2%), South Korea (+2.7%) and Taiwan (Chinese) (+1.2%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +9.2% from 2012-2021. By contrast, Hong Kong SAR (-4.4%) illustrated a downward trend over the same period. While the share of China (+14 p.p.) and Japan (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Hong Kong SAR (-14.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported polyacetals in primary forms in Eastern Asia, comprising 75% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 12% share of total imports. It was followed by Japan, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +6.5%. In the other countries, the average annual rates were as follows: Hong Kong SAR (-4.1% per year) and Japan (+4.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, jumping by 16% against the previous year. Overall, the import price, however, showed a mild shrinkage. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and South Korea ($X per ton), while Japan ($X per ton) and China ($X per ton) were 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 mixed trends in the import price figures.

Source: IndexBox Platform

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