South-Eastern Asia: Polyamide Market 2024

Polyamide Market Size in South-Eastern Asia

The Southeast Asian polyamide market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. 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 South-Eastern Asia

In value terms, polyamide production amounted to $X in 2021 estimated in export price. In general, production recorded a mild setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Polyamide Exports

Exports in South-Eastern Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of polyamides (in primary forms), when their volume increased by 18% to X tons. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.0% 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 2018 with an increase of 27% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, polyamide exports surged to $X in 2021. Total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded 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

In 2021, Thailand (X tons), distantly followed by Vietnam (X tons), Malaysia (X tons), Singapore (X tons) and Indonesia (X tons) were the largest exporters of polyamides (in primary forms), together creating 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +17.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest polyamide supplying countries in South-Eastern Asia were Singapore ($X), Thailand ($X) and Malaysia ($X), with a combined 80% share of total exports. These countries were followed by Vietnam and Indonesia, which together accounted for a further 19%.

In terms of the main exporting countries, Indonesia, with a CAGR of +10.4%, recorded 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

In 2021, the export price in South-Eastern Asia amounted to $X per ton, picking up by 26% against the previous year. Overall, the export price, however, recorded a pronounced decrease. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a 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 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 Singapore (+1.4%), while the other leaders experienced a decline in the export price figures.

Polyamide Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of polyamides (in primary forms) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. 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.

In value terms, polyamide imports surged to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% 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, Thailand (X tons), Indonesia (X tons) and Vietnam (X tons) was the major importer of polyamides (in primary forms) in South-Eastern Asia, committing 73% of total import. Malaysia (X tons) took the next position in the ranking, followed by the Philippines (X tons) and Singapore (X tons). All these countries together took near 26% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +23.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyamide importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Indonesia ($X), with a combined 76% share of total imports. Singapore, the Philippines and Malaysia lagged somewhat behind, together accounting for a further 24%.

Among the main importing countries, the Philippines, with a CAGR of +22.5%, saw 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, rising by 18% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked 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 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 Vietnam (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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