Southern Asia: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Southern Asia

In 2021, the South Asian market for polyethylene with a specific gravity of less than X, in primary forms increased by 7.5% to $X, rising for the third year in a row after three years of decline. Overall, consumption, however, showed a slight curtailment. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Southern Asia

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms contracted modestly to $X in 2021 estimated in export price. In general, production saw a perceptible downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 6.4% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports in Southern Asia

In 2021, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms decreased by -48.6% to X tons, falling for the third year in a row after four years of growth. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 296% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms shrank rapidly to $X in 2021. Overall, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2017 when exports increased by 229%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) represented roughly 99% of total exports in 2021.

India was also the fastest-growing in terms of the polyethylene with a specific gravity of less than X, in primary forms exports, with a CAGR of +22.5% from 2012 to 2021. While the share of India (+7.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest polyethylene with a specific gravity of less than X supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +20.2%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, jumping by 55% against the previous year. In general, the export price, however, recorded a slight decrease. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -1.9% per year.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports in Southern Asia

For the third year in a row, Southern Asia recorded growth in supplies from abroad of polyethylene with a specific gravity of less than X, in primary forms, which increased by 2.3% to X tons in 2021. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 23% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2014; afterwards, it flattened through to 2021.

Imports by Country

In 2021, India (X tons) represented the largest importer of polyethylene with a specific gravity of less than X, in primary forms, comprising 51% of total imports. Pakistan (X tons) took the second position in the ranking, distantly followed by Bangladesh (X tons). All these countries together held approx. 43% share of total imports. Sri Lanka (X tons) and Nepal (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Pakistan (with a CAGR of +10.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported polyethylene with a specific gravity of less than X, in primary forms in Southern Asia, comprising 52% of total imports. The second position in the ranking was held by Pakistan ($X), with a 25% share of total imports. It was followed by Bangladesh, with a 16% share.

In India, imports of polyethylene with a specific gravity of less than X, in primary forms contracted by an average annual rate of -1.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Pakistan (+8.8% per year) and Bangladesh (+8.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, surging by 46% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sri Lanka ($X per ton) and Nepal ($X per ton), while Bangladesh ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+0.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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