Southern Asia: Acrylic Staple Market 2020

Acrylic Staple Market Size in Southern Asia

The revenue of the acrylic staple market in Southern Asia amounted to $X in 2017, surging by X% against the previous year. The acrylic staple consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when market value increased by X% against the previous year. Over the period under review, the acrylic staple market attained its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Acrylic Staple Production in Southern Asia

In 2017, the amount of acrylic tow and staple produced in Southern Asia amounted to X tons, rising by X% against the previous year. The acrylic staple production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016, when the output figure increased by X% y-o-y. The volume of acrylic staple production peaked of X tons in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Acrylic Staple Exports in Southern Asia

In 2017, the amount of acrylic tow and staple exported in Southern Asia totaled X tons, jumping by X% against the previous year. The total exports indicated a strong expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the acrylic staple exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013, when exports increased by X% y-o-y. The volume of exports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, acrylic staple exports stood at $X in 2017. The total exports indicated a conspicuous growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the acrylic staple exports increased by +X% against 2015 indices. In that year, the acrylic staple exports reached their peak level of $X. From 2014 to 2017, growth of the acrylic staple exports stood at a somewhat lower level.

Acrylic Staple Exports by Country in Southern Asia

The exports of the one major exporters of acrylic tow and staple, namely India, represented more than two-thirds of total export.

India was also the fastest growing in terms of the acrylic tow and staple exports, with a CAGR of +X% from 2007 to 2017. From 2007 to 2017, the share of India decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest acrylic staple supplier in Southern Asia.

In India, acrylic staple exports expanded at an average annual rate of +X% over the period from 2007-2017.

Acrylic Staple Export Prices by Country in Southern Asia

In 2017, the acrylic staple export price in Southern Asia amounted to $X per ton, rising by X% against the previous year. The acrylic staple export price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2010, when the export prices increased by X% y-o-y. The level of export price peaked of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

As there is only one major export destination, the average price level is determined by export prices for India.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by India (-X% per year).

Acrylic Staple Imports in Southern Asia

In 2017, acrylic staple imports in Southern Asia stood at X tons, going up by X% against the previous year. The acrylic staple imports continue to indicate a strong growth. The pace of growth appeared the most rapid in 2010, when imports increased by X% year-to-year. The volume of imports peaked of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, acrylic staple imports stood at $X in 2017. The acrylic staple imports continue to indicate a remarkable expansion. Over the period under review, the acrylic staple imports attained its maximum level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Acrylic Staple Imports by Country in Southern Asia

The imports of the three major importers of acrylic tow and staple, namely India, Pakistan and Bangladesh, represented more than two-thirds of total import. It was distantly followed by Nepal (X tons), achieving X% share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Nepal (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic staple markets worldwide were India ($X), Pakistan ($X) and Bangladesh ($X), with a combined X% share of total imports. These countries were followed by Nepal, which accounted for a further X%.

In terms of the main importing countries , Nepal (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Acrylic Staple Import Prices by Country in Southern Asia

The acrylic staple import price in Southern Asia stood at $X per ton in 2017, remaining stable against the previous year. The acrylic staple import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when it surged by X% year-to-year. In that year, the import prices for acrylic tow and staple attained their peak level of $X per ton. From 2012 to 2017, growth of the import prices for acrylic tow and staple failed to regain its momentum.

Average import prices varied noticeably amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in India ($X per ton) and Pakistan ($X per ton), while Nepal ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Bangladesh (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform