Asia: Compound Plasticisers Market 2022

Compound Plasticisers Market Size in Asia

In 2021, the Asian compound plasticisers market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw mild growth. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the immediate term.

Compound Plasticisers Production in Asia

In value terms, compound plasticisers production amounted to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; afterwards, it flattened through to 2021.

Compound Plasticisers Exports

Exports in Asia

In 2021, shipments abroad of compound plasticisers for rubber or plastics increased by X% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, compound plasticisers exports surged to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

China represented the key exporter of compound plasticisers for rubber or plastics in Asia, with the volume of exports resulting at X tons, which was near X% of total exports in 2021. India (X tons) ranks second in terms of the total exports with a X% share, followed by South Korea (X%), Malaysia (X%), Japan (X%), Bahrain (X%), Indonesia (X%) and Hong Kong SAR (X%).

From 2012 to 2021, the biggest increases were in Indonesia (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest compound plasticisers supplying countries in Asia were China ($X), Indonesia ($X) and Bahrain ($X), together accounting for X% of total exports.

Among the main exporting countries, Indonesia, with a CAGR of +X%, recorded 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 2021, with an increase of X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably countryorigin: the country with the highest price was Indonesia ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the other leaders experienced mixed trends in the export price figures.

Compound Plasticisers Imports

Imports in Asia

In 2021, approx. X tons of compound plasticisers for rubber or plastics were imported in Asia; growing by X% compared with the previous year. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, compound plasticisers imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) and Malaysia (X tons) were the main importers of compound plasticisers for rubber or plastics in Asia, together mixing up X% of total imports. Saudi Arabia (X tons) ranks next in terms of the total imports with a X% share, followed by Thailand (X%), Indonesia (X%), Turkey (X%) and Japan (X%). The following importers - Vietnam (X tons), India (X tons), Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and the Philippines (X tons) - together made up X% of total imports.

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

In value terms, the largest compound plasticisers importing markets in Asia were China ($X), Saudi Arabia ($X) and Thailand ($X), together accounting for X% of total imports. Japan, Turkey, India, Indonesia, Malaysia, Taiwan (Chinese), Vietnam, Hong Kong SAR and the Philippines lagged somewhat behind, together accounting for a further X Philippines, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the import price recorded a mild slump. The pace of growth was the most pronounced in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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