South-Eastern Asia: Market for Polyethylene Glycols and Polyethers in Primary Forms 2025

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in South-Eastern Asia

The Southeast Asian polyethylene glycol and polyether market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2021.

Production of Polyethylene Glycols and Polyethers in Primary Forms in South-Eastern Asia

In value terms, polyethylene glycol and polyether production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% 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 2017 when the production volume increased by 30% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports in South-Eastern Asia

In 2021, exports of polyethylene glycols and polyethers in primary forms in South-Eastern Asia soared to X tons, with an increase of 27% compared with 2020. In general, exports recorded a strong increase. The growth pace was the most rapid in 2015 with an increase of 42% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, polyethylene glycol and polyether exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tons) and Thailand (X tons) dominates exports structure, together generating 92% of total exports. It was distantly followed by Malaysia (X tons), making up a 5.3% share of total exports. 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 key exporting countries, was attained by Vietnam (with a CAGR of +37.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether supplying countries in South-Eastern Asia were Singapore ($X), Thailand ($X) and Malaysia ($X), with a combined 98% share of total exports. Vietnam lagged somewhat behind, accounting for a further 2%.

In terms of the main exporting countries, Vietnam, with a CAGR of +32.8%, 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

The export price in South-Eastern Asia stood at $X per ton in 2021, with an increase of 27% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. As a result, the export price attained 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 Singapore ($X per ton) and Vietnam ($X per ton), while Malaysia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.0%), while the other leaders experienced a decline in the export price figures.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports in South-Eastern Asia

In 2021, approx. X tons of polyethylene glycols and polyethers in primary forms were imported in South-Eastern Asia; with an increase of 13% compared with the year before. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +33.2% against 2016 indices. The pace of growth was the most pronounced in 2019 with an increase of 22%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, polyethylene glycol and polyether imports skyrocketed to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +101.9% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X tons) and Indonesia (X tons) represented roughly 57% of total imports in 2021. Thailand (X tons) took the next position in the ranking, followed by Singapore (X tons), Malaysia (X tons) and the Philippines (X tons). All these countries together held approx. 42% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +14.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2021, together accounting for 67% of total imports. Singapore, Malaysia and the Philippines lagged somewhat behind, together accounting for a further 32%.

Among the main importing countries, the Philippines, with a CAGR of +16.9%, saw 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, picking up by 27% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Singapore ($X per ton) and Thailand ($X per ton), while Vietnam ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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