Asia-Pacific: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Asia-Pacific

The Asia-Pacific market for polyethylene terephthalate and other polyethylene terephthalate in primary forms fell modestly to $X in 2022, shrinking by X% against the previous year. Overall, consumption saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when the market value increased by X%. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Asia-Pacific

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports in Asia-Pacific

In 2022, after five years of decline, there was significant growth in shipments abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms, when their volume increased by X% to X tons. Overall, exports, however, showed a significant decline. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms soared to $X in 2022. In general, exports, however, recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

India was the major exporting country with an export of around X tons, which finished at X% of total exports. Indonesia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%), Taiwan (Chinese) (X%), South Korea (X%) and Pakistan (X%).

Exports from India decreased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%), Pakistan (X%), Taiwan (Chinese) (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Vietnam (X p.p.), Indonesia (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (X p.p.) and South Korea (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual growth rate of value in India totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price continues to indicate a noticeable decrease. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Pakistan ($X per ton), while Vietnam ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports in Asia-Pacific

After four years of growth, supplies from abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms declined slightly to $X in 2022. Overall, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Japan represented the main importer of polyethylene terephthalate and other polyethylene terephthalate in primary forms in Asia-Pacific, with the volume of imports recording X tons, which was near X% of total imports in 2022. Vietnam (X tons) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%) and Bangladesh (X%). The following importers - South Korea (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

Imports into Japan increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%), Taiwan (Chinese) (X%), Indonesia (X%), Vietnam (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Indonesia, Japan, Vietnam, South Korea and Taiwan (Chinese) increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported polyethylene terephthalate and other polyethylene terephthalate in primary forms in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with an X% share of total imports. It was followed by Indonesia, with a X% share.

In Japan, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms contracted by 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: Vietnam (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, saw a deep setback. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while Bangladesh ($X per ton) and Indonesia ($X per ton) were 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 a decline in the import price figures.

Source: IndexBox Platform