ASEAN: Market for Polyolefins other than Polypropylene 2024

Market Size for Polyolefins other than Polypropylene in ASEAN

In 2022, the ASEAN polyolefins other than polypropylene market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Polyolefins other than Polypropylene in ASEAN

In value terms, polyolefins other than polypropylene production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X% 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.

Exports of Polyolefins other than Polypropylene

Exports in ASEAN

In 2022, exports of polyolefins other than polypropylene in ASEAN dropped to X tons, which is down by X% on the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, polyolefins other than polypropylene exports shrank to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Singapore represented the key exporter of polyolefins other than polypropylene in ASEAN, with the volume of exports recording X tons, which was near X% of total exports in 2022. Thailand (X tons) took the second position in the ranking, distantly followed by Malaysia (X tons). All these countries together took near X% share of total exports. Vietnam (X tons) held a little share of total exports.

Singapore experienced a relatively flat trend pattern with regard to volume of exports of polyolefins other than polypropylene. At the same time, Vietnam (X%), Malaysia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. While the share of Thailand (X p.p.), Vietnam (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest polyolefins other than polypropylene supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with an X% share.

In Singapore, polyolefins other than polypropylene exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Vietnam ($X per ton) and Singapore ($X per ton), while Thailand ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Polyolefins other than Polypropylene

Imports in ASEAN

Polyolefins other than polypropylene imports fell slightly to X tons in 2022, waning by X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted modestly in the following year.

In value terms, polyolefins other than polypropylene imports declined slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Indonesia represented the largest importer of polyolefins other than polypropylene in ASEAN, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Vietnam (X tons) took the second position in the ranking, followed by Singapore (X tons), Thailand (X tons), the Philippines (X tons) and Malaysia (X tons). All these countries together held approx. X% share of total imports.

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand and Singapore saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest polyolefins other than polypropylene importing markets in ASEAN were Indonesia ($X), Singapore ($X) and Vietnam ($X), together accounting for X% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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