Asia-Pacific: Fluoropolymers Market 2024

Fluoropolymers Market Size in Asia-Pacific

In 2022, the Asia-Pacific fluoropolymers market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw a mild descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Fluoropolymers Production in Asia-Pacific

In value terms, fluoropolymers production dropped slightly to $X in 2022 estimated in export price. Overall, production recorded a mild shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Fluoropolymers Exports

Exports in Asia-Pacific

For the third consecutive year, Asia-Pacific recorded growth in overseas shipments of fluoropolymers, which increased by X% to X tons in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its volume 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, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, fluoropolymers exports surged to $X in 2022. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X tons) was the major exporter of fluoropolymers, generating X% of total exports. Japan (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by India (X%). The following exporters - Malaysia (X tons) and South Korea (X tons) - each amounted to a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fluoropolymers exports from China stood at X%. At the same time, Malaysia (X%), India (X%), Japan (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of India, China and Malaysia increased by X, X and X percentage points, respectively.

In value terms, China ($X), Japan ($X) and India ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. South Korea and Malaysia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Malaysia, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Fluoropolymers Imports

Imports in Asia-Pacific

Fluoropolymers imports shrank modestly to X tons in 2022, declining by X% against the previous year. Total imports indicated a buoyant increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then declined modestly in the following year.

In value terms, fluoropolymers imports skyrocketed to $X in 2022. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

China (X tons) and South Korea (X tons) were the key importers of fluoropolymers in 2022, recording approx. X% and X% of total imports, respectively. Japan (X tons) ranks next in terms of the total imports with a X% share, followed by Taiwan (Chinese) (X%), India (X%) and Indonesia (X%). Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Taiwan (Chinese), India, Vietnam and Indonesia lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 2022, the import price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform