Eastern Asia: Polyamide Market 2024

Polyamide Market Size in Eastern Asia

In 2021, the East Asian polyamide market increased by 1.9% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Polyamide Production in Eastern Asia

In value terms, polyamide production totaled $X in 2021 estimated in export price. The total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -18.6% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 22%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Polyamide Exports

Exports in Eastern Asia

After two years of decline, shipments abroad of polyamides (in primary forms) increased by 29% to X tons in 2021. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor 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.

In value terms, polyamide exports surged to $X in 2021. The total export value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the key exporter of polyamides (in primary forms) in Eastern Asia, with the volume of exports resulting at X tons, which was near 45% of total exports in 2021. Taiwan (Chinese) (X tons) ranks second in terms of the total exports with a 22% share, followed by South Korea (14%), Japan (11%) and Hong Kong SAR (8.8%).

China was also the fastest-growing in terms of the polyamides (in primary forms) exports, with a CAGR of +13.1% from 2012 to 2021. At the same time, Japan (+1.1%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-1.4%) and Taiwan (Chinese) (-5.8%) illustrated a downward trend over the same period. While the share of China (+28 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-2.7 p.p.), Hong Kong SAR (-2.8 p.p.) and Taiwan (Chinese) (-21.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest polyamide supplier in Eastern Asia, comprising 43% of total exports. The second position in the ranking was held by Japan ($X), with a 17% share of total exports. It was followed by Taiwan (Chinese), with a 15% share.

In China, polyamide exports expanded at an average annual rate of +11.0% 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) (-7.0% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, rising by 24% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 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 Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+0.7%), while the other leaders experienced mixed trends in the export price figures.

Polyamide Imports

Imports in Eastern Asia

In 2021, supplies from abroad of polyamides (in primary forms) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a mild contraction. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, polyamide imports surged to $X in 2021. In general, imports, however, saw a slight curtailment. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China was the key importing country with an import of around X tons, which finished at 52% of total imports. Japan (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (15%), Hong Kong SAR (8.8%) and Taiwan (Chinese) (7.9%).

Imports into China decreased at an average annual rate of -4.0% from 2012 to 2021. At the same time, Japan (+4.4%) and South Korea (+3.2%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +4.4% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-2.6%) illustrated a downward trend over the same period. While the share of Japan (+6.8 p.p.) and South Korea (+5.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of China (-12.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported polyamides (in primary forms) in Eastern Asia, comprising 49% of total imports. The second position in the ranking was taken by Japan ($X), with an 18% share of total imports. It was followed by South Korea, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at -3.5%. In the other countries, the average annual rates were as follows: Japan (+2.7% per year) and South Korea (+2.3% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, jumping by 31% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Hong Kong SAR ($X per ton) and Japan ($X per ton), while China ($X per ton) and South Korea ($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) (+0.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :