Southern Asia: Polycarbonate Market 2024

Polycarbonate Market Size in Southern Asia

In 2022, the South Asian polycarbonate market increased by 6.7% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +41.6% against 2020 indices. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Polycarbonate Production in Southern Asia

In value terms, polycarbonate production dropped slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Polycarbonate Exports

Exports in Southern Asia

In 2022, approx. X tons of polycarbonates (in primary forms) were exported in Southern Asia; declining by -18% against 2021. In general, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2020 with an increase of 616% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, polycarbonate exports declined to $X in 2022. Over the period under review, exports, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 354%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, India (X tons) represented the major exporter of polycarbonates (in primary forms), committing 75% of total exports. It was distantly followed by Pakistan (X tons), generating a 24% share of total exports.

Exports from India increased at an average annual rate of +5.5% from 2012 to 2022. At the same time, Pakistan (+84.2%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +84.2% from 2012-2022. While the share of Pakistan (+23 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-24.5 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest polycarbonate supplier in Southern Asia, comprising 83% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India stood at +1.1%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, surging by 12% against the previous year. Over the period under review, the export price, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the export price increased by 76% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-2.4%).

Polycarbonate Imports

Imports in Southern Asia

In 2022, polycarbonate imports in Southern Asia expanded modestly to X tons, picking up by 3.7% against the previous year's figure. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 23% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, polycarbonate imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 78% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

India prevails in imports structure, amounting to X tons, which was near 96% of total imports in 2022. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the polycarbonates (in primary forms) imports, with a CAGR of +6.2% from 2012 to 2022. At the same time, Pakistan (+5.1%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported polycarbonates (in primary forms) in Southern Asia, comprising 96% of total imports. The second position in the ranking was held by Pakistan ($X), with a 2.6% share of total imports.

In India, polycarbonate imports expanded at an average annual rate of +7.6% over the period from 2012-2022.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 when the import price increased by 44%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+1.5%).

Source: IndexBox Platform

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