Asia: 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

The Asian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms declined modestly to $X in 2022, dropping by X% against the previous year. Overall, consumption showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms declined slightly to $X in 2022 estimated in export price. In general, production, however, faced a abrupt decline. The growth pace was the most rapid 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.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports in Asia

In 2022, approx. X tons of polyethylene terephthalate and other polyethylene terephthalate in primary forms were exported in Asia; picking up by X% on 2021. In general, exports, however, continue to indicate a significant curtailment. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms soared to $X in 2022. Over the period under review, exports, however, faced a precipitous curtailment. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, India (X tons), distantly followed by Iran (X tons), Oman (X tons), Saudi Arabia (X tons), Indonesia (X tons) and Vietnam (X tons) represented the key exporters of polyethylene terephthalate and other polyethylene terephthalate in primary forms, together comprising X% of total exports. Taiwan (Chinese) (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

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

In India, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 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 Taiwan (Chinese) ($X per ton) and India ($X per ton), while Saudi Arabia ($X per ton) and Iran ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (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

In 2022, after four years of growth, there was decline in purchases abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms, when their volume decreased by X% to X tons. 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 in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports of hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms declined to $X in 2022. Over the period under review, imports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Japan (X tons) was the largest importer of polyethylene terephthalate and other polyethylene terephthalate in primary forms, committing X% of total imports. Vietnam (X tons) took the second position in the ranking, followed by Indonesia (X tons), Bangladesh (X tons) and Iran (X tons). All these countries together took near X% share of total imports. The following importers - South Korea (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to polyethylene terephthalate and other polyethylene terephthalate in primary forms imports into Japan stood at X%. At the same time, South Korea (X%), Taiwan (Chinese) (X%), Indonesia (X%), Iran (X%), Vietnam (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Japan, Indonesia, Vietnam, Iran, South Korea, Bangladesh and Taiwan (Chinese) increased by X, X, 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 ($X) constitutes the largest market for imported polyethylene terephthalate and other polyethylene terephthalate in primary forms in Asia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan stood at X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Indonesia (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. In general, the import price, however, saw a abrupt downturn. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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