Asia: Abs Copolymers Market 2024

Abs Copolymers Market Size in Asia

The Asian ABS copolymers market fell to $X in 2022, which is down by X% against the previous year. The total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Abs Copolymers Production in Asia

In value terms, ABS copolymers production declined modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Abs Copolymers Exports

Exports in Asia

In 2022, abs copolymers exports in Asia declined markedly to X tons, with a decrease of X% on the previous year's figure. Over the period under review, exports continue to indicate a mild descent. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, ABS copolymers exports dropped remarkably to $X in 2022. In general, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced notably in the following year.

Exports by Country

South Korea (X tons) and Taiwan (Chinese) (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Malaysia (X tons) and Hong Kong SAR (X tons), together committing a X% share of total exports. Saudi Arabia (X tons), Thailand (X tons) and Japan (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Hong Kong SAR, Saudi Arabia, Thailand and Japan lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price showed a slight curtailment. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in South Korea ($X per ton) and Hong Kong SAR ($X per ton), while Malaysia ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

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

Abs Copolymers Imports

Imports in Asia

In 2022, purchases abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms decreased by X% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports recorded a slight descent. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, ABS copolymers imports fell dramatically to $X in 2022. Overall, imports recorded a noticeable contraction. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then declined dramatically in the following year.

Imports by Country

China dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2022. Malaysia (X tons) held the second position in the ranking, followed by Hong Kong SAR (X tons), Vietnam (X tons), Turkey (X tons) and Thailand (X tons). All these countries together took approx. X% share of total imports. India (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to ABS copolymers imports into China stood at X%. At the same time, Malaysia (X%), India (X%), Vietnam (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Vietnam, India and Turkey increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported acrylonitrile-butadiene-styrene (abs) copolymers in primary forms in Asia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, falling by X% against the previous year. Overall, the import price showed a slight reduction. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was 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 import price figures.

Source: IndexBox Platform