Asia: Polyamide Market 2024

Polyamide Market Size in Asia

The Asian polyamide market fell slightly to $X in 2022, declining by X% against the previous year. The market value 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. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Polyamide Production in Asia

In value terms, polyamide production reduced modestly to $X in 2022 estimated in export price. The total output value 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 appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Polyamide Exports

Exports in Asia

In 2022, exports of polyamides (in primary forms) in Asia contracted to X tons, leveling off at the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then fell slightly in the following year.

In value terms, polyamide exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

China was the largest exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), South Korea (X tons), Thailand (X tons), Japan (X tons) and Malaysia (X tons), together generating a X% share of total exports. Hong Kong SAR (X tons) took a relatively small share of total exports.

China was also the fastest-growing in terms of the polyamides (in primary forms) exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%) and Thailand (X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, South Korea (X%), Hong Kong SAR (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest polyamide supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with an X% share of total exports. It was followed by South Korea, with an X% share.

In China, polyamide exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, falling by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 a decline in the export price figures.

Polyamide Imports

Imports in Asia

Polyamide imports fell to X tons in 2022, with a decrease of X% compared with the year before. Over the period under review, imports, however, recorded a mild increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, polyamide imports declined modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then reduced slightly in the following year.

Imports by Country

China was the largest importer of polyamides (in primary forms) in Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by India (X tons), Japan (X tons), South Korea (X tons), Turkey (X tons), Thailand (X tons), Vietnam (X tons), Taiwan (Chinese) (X tons) and Indonesia (X tons), together committing a X% share of total imports. Hong Kong SAR (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to polyamide imports into China stood at X%. At the same time, India (X%), Vietnam (X%), Turkey (X%), Thailand (X%), Japan (X%), Indonesia (X%) and South Korea (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Vietnam, Turkey, Thailand and Japan increased by 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, China ($X) constitutes the largest market for imported polyamides (in primary forms) in Asia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In China, polyamide imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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 Vietnam ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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