Southern Asia: Polyacetals Market 2024

Polyacetals Market Size in Southern Asia

The South Asian polyacetals market expanded significantly to $X in 2021, surging by 6.2% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Polyacetals Production in Southern Asia

In value terms, polyacetals production stood at $X in 2021 estimated in export price. In general, production recorded a slight curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 34%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Polyacetals Exports

Exports in Southern Asia

Polyacetals exports soared to X tons in 2021, rising by 183% on 2020. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyacetals exports skyrocketed to $X in 2021. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India dominates exports structure, amounting to X tons, which was approx. 90% of total exports in 2021. Bangladesh (X tons), Sri Lanka (X tons) and Pakistan (X tons) held a minor share of total exports.

Exports from India increased at an average annual rate of +27.7% from 2012 to 2021. At the same time, Bangladesh (+72.3%), Pakistan (+36.6%) and Sri Lanka (+22.7%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +72.3% from 2012-2021. From 2012 to 2021, the share of Bangladesh increased by +3.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest polyacetals supplier in Southern Asia, comprising 96% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 1.9% share of total exports. It was followed by Bangladesh, with a 1.3% share.

In India, polyacetals exports expanded at an average annual rate of +27.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sri Lanka (+22.8% per year) and Bangladesh (+70.4% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, picking up by 41% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan ($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 (+0.1%), while the other leaders experienced a decline in the export price figures.

Polyacetals Imports

Imports in Southern Asia

Polyacetals imports soared to X tons in 2021, growing by 17% on 2020. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 27% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, polyacetals imports surged to $X in 2021. Over the period under review, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India prevails in imports structure, resulting at X tons, which was approx. 92% of total imports in 2021. Bangladesh (X tons) and Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to polyacetals imports into India stood at +8.4%. At the same time, Bangladesh (+16.8%) and Pakistan (+13.2%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +16.8% from 2012-2021. Bangladesh (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -2.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported polyacetals in primary forms in Southern Asia, comprising 93% of total imports. The second position in the ranking was held by Pakistan ($X), with a 3.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value in India totaled +9.0%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+9.8% per year) and Bangladesh (+12.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, surging by 16% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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