South-Eastern Asia: Polyacetals Market 2024

Polyacetals Market Size in South-Eastern Asia

The Southeast Asian polyacetals market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, recorded a slight contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Polyacetals Production in South-Eastern Asia

In value terms, polyacetals production expanded notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 24%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Polyacetals Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of polyacetals 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. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 29%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, polyacetals exports surged to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -7.6% against 2018 indices. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia represented the major exporter of polyacetals in primary forms in South-Eastern Asia, with the volume of exports amounting to X tons, which was near 56% of total exports in 2021. It was distantly followed by Thailand (X tons), generating a 36% share of total exports. Singapore (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +62.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest polyacetals supplying countries in South-Eastern Asia were Malaysia ($X), Thailand ($X) and Singapore ($X), together accounting for 97% of total exports. These countries were followed by Vietnam, which accounted for a further 2.1%.

Among the main exporting countries, Vietnam, with a CAGR of +45.1%, recorded the highest rates of growth with regard to 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

In 2021, the export price in South-Eastern Asia amounted to $X per ton, rising by 6.2% against the previous year. Overall, the export price, however, showed a perceptible descent. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($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 (+0.2%), while the other leaders experienced a decline in the export price figures.

Polyacetals Imports

Imports in South-Eastern Asia

In 2021, the amount of polyacetals in primary forms imported in South-Eastern Asia skyrocketed to X tons, surging by 20% on the previous year's figure. Total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 30% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, polyacetals imports soared to $X in 2021. Total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Vietnam (X tons), Thailand (X tons), Malaysia (X tons), Singapore (X tons) and Indonesia (X tons) represented the largest importer of polyacetals in primary forms in South-Eastern Asia, constituting 92% of total import. It was distantly followed by the Philippines (X tons), making up a 7.8% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +24.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2021, together comprising 65% of total imports. Indonesia, Singapore and the Philippines lagged somewhat behind, together accounting for a further 35%.

In terms of the main importing countries, the Philippines, with a CAGR of +18.4%, recorded the highest growth rate of 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

The import price in South-Eastern Asia stood at $X per ton in 2021, growing by 13% against the previous year. Over the period under review, the import price, however, saw a slight reduction. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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