Southern Asia: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2025

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Southern Asia

The South Asian market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) was finally on the rise to reach $X in 2021, after two years of decline. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Southern Asia

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) reached $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +67.7% against 2012 indices. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year. Over the period under review, production of reached the peak level in 2021 and is expected to retain growth in the immediate term.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports in Southern Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate), when their volume increased by 7.3% to X tons. Total exports indicated measured growth from 2012 to 2021: its volume 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. Based on 2021 figures, exports decreased by -30.4% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 57%. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) rose notably to $X in 2021. The total export value increased at an average annual rate of +3.6% over the period 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 exports increased by 38%. Over the period under review, the exports of reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

India dominates methacrylate) structure, amounting to X tons, which was approx. 97% of total exports in 2021. Pakistan (X tons) held a little share of total exports.

India was also the fastest-growing in terms of the acrylic polymers, in primary forms (excluding polymethyl methacrylate) exports, with a CAGR of +4.4% from 2012 to 2021. Pakistan (-8.2%) illustrated a downward trend over the same period. India (+5 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by -5.3% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was held by Pakistan ($X), with a 1.9% share of total exports.

In India, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased at an average annual rate of +3.9% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, flattening at the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 12%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+0.8%).

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports in Southern Asia

Imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to X tons in 2021, increasing by 25% compared with 2020. In general, imports showed a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by 33%. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. Over the period under review, imports recorded a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by 26%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, India (X tons) was the major importer of acrylic polymers, in primary forms (excluding polymethyl methacrylate), mixing up 67% of total imports. Pakistan (X tons) held the second position in the ranking, followed by Bangladesh (X tons). All these countries together took approx. 27% share of total imports. Nepal (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to acrylic polymers, in primary forms (excluding polymethyl methacrylate) imports into India stood at +16.4%. At the same time, Pakistan (+17.0%), Nepal (+16.0%), Bangladesh (+10.4%) and Sri Lanka (+8.4%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +17.0% from 2012-2021. India (+5.8 p.p.) and Pakistan (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka and Bangladesh saw its share reduced by -2% and -5.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported acrylic polymers, in primary forms (excluding polymethyl methacrylate) in Southern Asia, comprising 70% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 14% share of total imports. It was followed by Bangladesh, with a 9.9% share.

In India, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased at an average annual rate of +11.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Pakistan (+11.9% per year) and Bangladesh (+8.5% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the import price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2018 when the import price increased by 5.3% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform