South-Eastern Asia: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in South-Eastern Asia

The Southeast Asian market for polyethylene with a specific gravity of less than X, in primary forms expanded slightly to $X in 2021, surging by 2.5% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in the near future.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in South-Eastern Asia

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms shrank to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 8.3%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports in South-Eastern Asia

In 2021, overseas shipments of polyethylene with a specific gravity of less than X, in primary forms decreased by -10% to X tons, falling for the second consecutive year after two years of growth. Total exports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -18.2% against 2019 indices. The growth pace was the most rapid in 2018 when exports increased by 41% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by 38%. As a result, the exports attained the peak of $X; afterwards, it flattened through to 2021.

Exports by Country

The shipments of the three major exporters of polyethylene with a specific gravity of less than X, in primary forms, namely Singapore, Thailand and Malaysia, represented more than two-thirds of total export. It was distantly followed by Indonesia (X tons), creating a 5.1% share of total exports. The following exporters - Vietnam (X tons) and the Philippines (X tons) - each accounted for a 3.1% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +41.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2021, together comprising 93% of total exports. Indonesia, the Philippines and Vietnam lagged somewhat behind, together comprising a further 7%.

The Philippines, with a CAGR of +31.1%, saw the highest rates of growth with regard to the value of exports, among 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, picking up by 41% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Singapore ($X per ton) and Malaysia ($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 Singapore (+0.3%), while the other leaders experienced a decline in the export price figures.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports in South-Eastern Asia

In 2021, purchases abroad of polyethylene with a specific gravity of less than X, in primary forms decreased by -6% to X tons, falling for the second consecutive year after four years of growth. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.1% against 2019 indices. The pace of growth was the most pronounced in 2018 when imports increased by 28% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 28% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Singapore (X tons) and Vietnam (X tons) represented the main importers of polyethylene with a specific gravity of less than X, in primary forms in 2021, recording near 28% and 28% of total imports, respectively. Indonesia (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (15%) and Thailand (8.5%). The following importers - the Philippines (X tons) and Myanmar (X tons) - together made up 5.5% of total imports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +29.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Singapore ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 69% of total imports. Malaysia, Thailand, the Philippines and Myanmar lagged somewhat behind, together comprising a further 30%.

In terms of the main importing countries, Myanmar, with a CAGR of +22.8%, 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, increasing by 23% against the previous year. Overall, the import price, however, saw a mild descent. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Thailand ($X per ton) and Indonesia ($X per ton), while Singapore ($X per ton) and Myanmar ($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 (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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