Asia: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Asia

The Asian market for polyethylene with a specific gravity of less than X, in primary forms rose remarkably to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Asia

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports in Asia

In 2022, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms increased by X% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a tangible 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 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms amounted to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value 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 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia represented the largest exporting country with an export of around X tons, which finished at X% of total exports. Singapore (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Iran (X%), Thailand (X%), South Korea (X%) and Malaysia (X%). Kuwait (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

Saudi Arabia was also the fastest-growing in terms of the polyethylene with a specific gravity of less than X, in primary forms exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%), Singapore (X%), Iran (X%) and the United Arab Emirates (X%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. By contrast, Thailand (X%) and Kuwait (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest polyethylene with a specific gravity of less than X supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Iran (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in South Korea ($X per ton) and the United Arab Emirates ($X per ton), while Kuwait ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports in Asia

In 2022, supplies from abroad of polyethylene with a specific gravity of less than X, in primary forms increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Total imports indicated measured growth 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 decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms rose significantly to $X in 2022. The total import value increased at an average annual rate of X% 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 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

China was the main importer of polyethylene with a specific gravity of less than X, in primary forms in Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Turkey (X tons) held the second position in the ranking, followed by Singapore (X tons), Vietnam (X tons), India (X tons), the United Arab Emirates (X tons) and Indonesia (X tons). All these countries together held near X% share of total imports. The following importers - Malaysia (X tons), Taiwan (Chinese) (X tons), Pakistan (X tons), Thailand (X tons) and Bangladesh (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to polyethylene with a specific gravity of less than X imports into China stood at X%. At the same time, the United Arab Emirates (X%), Vietnam (X%), Pakistan (X%), Bangladesh (X%), Turkey (X%), Indonesia (X%), Thailand (X%), Singapore (X%), Malaysia (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. India experienced a relatively flat trend pattern. While the share of China (X p.p.), Vietnam (X p.p.), the United Arab Emirates (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.) and India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported polyethylene with a specific gravity of less than X, in primary forms in Asia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total imports. It was followed by Turkey, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price showed 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 hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Vietnam ($X per ton), while Singapore ($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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