Asia-Pacific: Polyethylene Binder Market 2023

Polyethylene Binder Market Size in Asia-Pacific

The Asia-Pacific polyethylene binder market reached $X in 2022, stabilizing at the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Polyethylene Binder Production in Asia-Pacific

In value terms, polyethylene binder production expanded modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 8.5% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Polyethylene Binder Exports

Exports in Asia-Pacific

In 2022, after four years of growth, there was decline in shipments abroad of polyethylene or polypropylene binder or baler (agricultural) twines, when their volume decreased by -4.1% to X tons. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 8.5%. The volume of export peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, polyethylene binder exports reduced to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 21%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) and Vietnam (X tons) dominates exports structure, together mixing up 83% of total exports. It was distantly followed by Thailand (X tons), mixing up an 8.6% share of total exports. Bangladesh (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +20.9%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest polyethylene binder supplying countries in Asia-Pacific were China ($X), Vietnam ($X) and Thailand ($X), with a combined 90% share of total exports.

Vietnam, with a CAGR of +19.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, stabilizing at the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by 22%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the other leaders experienced more modest paces of growth.

Polyethylene Binder Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of polyethylene or polypropylene binder or baler (agricultural) twines decreased by -3% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 37%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, polyethylene binder imports reduced to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 33%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of polyethylene or polypropylene binder or baler (agricultural) twines, namely Japan, Australia and Myanmar, represented more than half of total import. New Zealand (X tons) ranks next in terms of the total imports with a 6.5% share, followed by Cambodia (6%). Malaysia (X tons), Hong Kong SAR (X tons), Singapore (X tons), Thailand (X tons), Indonesia (X tons) and Bangladesh (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +61.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene binder importing markets in Asia-Pacific were Japan ($X), Australia ($X) and Myanmar ($X), together accounting for 62% of total imports.

In terms of the main importing countries, Myanmar, with a CAGR of +55.1%, 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

The import price in Asia-Pacific stood at $X per ton in 2022, shrinking by -2.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 7.8%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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