Southern Asia: Acrylic Polymer Market 2025

Acrylic Polymer Market Size in Southern Asia

For the seventh year in a row, the South Asian acrylic polymer market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Acrylic Polymer Production in Southern Asia

In value terms, acrylic polymer production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Acrylic Polymer Exports

Exports in Southern Asia

In 2022, approx. X tons of acrylic polymers (in primary forms) were exported in Southern Asia; with a decrease of X% on the year before. Over the period under review, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, acrylic polymer exports reduced markedly to $X in 2022. Overall, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then declined remarkably in the following year.

Exports by Country

India dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. Bangladesh (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to acrylic polymer exports from India stood at X%. At the same time, Bangladesh (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of India and Bangladesh increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest acrylic polymer supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports.

In India, acrylic polymer exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Acrylic Polymer Imports

Imports in Southern Asia

In 2022, acrylic polymer imports in Southern Asia reduced to X tons, declining by X% compared with the year before. Overall, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, acrylic polymer imports rose notably to $X in 2022. Over the period under review, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

India was the key importing country with an import of around X tons, which finished at X% of total imports. Bangladesh (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (X%). Sri Lanka (X tons) held a relatively small share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%), Bangladesh (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of India and Pakistan increased by X and X percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported acrylic polymers (in primary forms) in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with an X% share of total imports. It was followed by Bangladesh, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, saw a slight downturn. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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