South-Eastern Asia: Fluoropolymers Market 2024

Fluoropolymers Market Size in South-Eastern Asia

The Southeast Asian fluoropolymers market soared to $X in 2021, increasing by 17% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fluoropolymers Production in South-Eastern Asia

In value terms, fluoropolymers production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 21% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Fluoropolymers Exports

Exports in South-Eastern Asia

For the eighth consecutive year, South-Eastern Asia recorded growth in overseas shipments of fluoropolymers, which increased by 5% to X tons in 2021. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 78%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, fluoropolymers exports skyrocketed to $X in 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 65% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

The biggest shipments were from Thailand (X tons), Malaysia (X tons) and Singapore (X tons), together accounting for 98% of total export.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +66.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest fluoropolymers supplying countries in South-Eastern Asia were Singapore ($X), Thailand ($X) and Malaysia ($X), with a combined 98% share of total exports.

Thailand, with a CAGR of +56.4%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, surging by 26% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced decrease. 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.3%), while the other leaders experienced a decline in the export price figures.

Fluoropolymers Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of fluoropolymers were imported in South-Eastern Asia; with an increase of 26% compared with 2020 figures. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 64% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, fluoropolymers imports skyrocketed to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. 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 51% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Indonesia (X tons), Vietnam (X tons) and Thailand (X tons) represented roughly 75% of total imports in 2021. Singapore (X tons) ranks next in terms of the total imports with a 13% share, followed by Malaysia (11%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia (with a CAGR of +46.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Singapore ($X) were the countries with the highest levels of imports in 2021, with a combined 75% share of total imports. Malaysia and Indonesia lagged somewhat behind, together comprising a further 23%.

Among the main importing countries, Indonesia, with a CAGR of +31.5%, recorded the highest rates of growth with regard to the value of imports, 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 South-Eastern Asia amounted to $X per ton, rising by 12% against the previous year. Overall, the import price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the import price increased by 17%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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