Asia: Alkyd Resins Market 2024

Alkyd Resins Market Size in Asia

The Asian alkyd resins market fell to $X in 2022, declining by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Alkyd Resins Production in Asia

In value terms, alkyd resins production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Alkyd Resins Exports

Exports in Asia

In 2022, exports of alkyd resins in primary forms in Asia reduced modestly to X tons, waning by X% on the year before. Overall, exports showed a slight decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, alkyd resins exports surged to $X in 2022. In general, exports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Turkey (X tons), Malaysia (X tons), Thailand (X tons), Taiwan (Chinese) (X tons) and Indonesia (X tons) represented roughly X% of total exports in 2022. It was distantly followed by China (X tons), making up a X% share of total exports.

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

In value terms, Turkey ($X), the United Arab Emirates ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Taiwan (Chinese), Thailand, Indonesia and China lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in China ($X per ton) and Taiwan (Chinese) ($X per ton), while Thailand ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

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

Alkyd Resins Imports

Imports in Asia

Alkyd resins imports shrank to X tons in 2022, waning by X% against the previous year. 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 only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, alkyd resins imports totaled $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Vietnam (X tons), distantly followed by Iraq (X tons), Myanmar (X tons) and Malaysia (X tons) represented the key importers of alkyd resins in primary forms, together generating X% of total imports. Cambodia (X tons), China (X tons), Uzbekistan (X tons), Saudi Arabia (X tons), India (X tons), Nepal (X tons), Afghanistan (X tons), Bangladesh (X tons) and Singapore (X tons) took a relatively small share of total imports.

Vietnam experienced a relatively flat trend pattern with regard to volume of imports of alkyd resins in primary forms. At the same time, Afghanistan (X%), Iraq (X%), Myanmar (X%), India (X%), Bangladesh (X%), Cambodia (X%), Malaysia (X%), Saudi Arabia (X%), Nepal (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, China (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Iraq, Myanmar, Uzbekistan, India, Afghanistan, Cambodia, Malaysia, Bangladesh and Saudi Arabia increased by X, X, X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported alkyd resins in primary forms in Asia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by India, with a X% share.

In Vietnam, alkyd resins imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, showed a mild shrinkage. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform