Asia: Market for Polyolefins other than Polypropylene 2024

Market Size for Polyolefins other than Polypropylene in Asia

In 2022, the Asian polyolefins other than polypropylene market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Polyolefins other than Polypropylene in Asia

In value terms, polyolefins other than polypropylene production reduced slightly to $X in 2022 estimated in export price. The total output 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 most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Polyolefins other than Polypropylene

Exports in Asia

In 2022, after ten years of growth, there was significant decline in shipments abroad of polyolefins other than polypropylene, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, polyolefins other than polypropylene exports fell 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 throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

South Korea (X tons) and Singapore (X tons) represented the key exporters of polyolefins other than polypropylene in 2022, recording near X% and X% of total exports, respectively. The United Arab Emirates (X tons) took the next position in the ranking, followed by Taiwan (Chinese) (X tons), Saudi Arabia (X tons) and Thailand (X tons). All these countries together took near X% share of total exports. The following exporters - Japan (X tons) and China (X tons) - each reached a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Singapore ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, leveling off at the previous year. In general, the export price continues to indicate 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. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Imports of Polyolefins other than Polypropylene

Imports in Asia

In 2022, overseas purchases of polyolefins other than polypropylene decreased by X% to X tons, falling for the second year in a row after seven years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, polyolefins other than polypropylene imports dropped 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 in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

China was the key importer of polyolefins other than polypropylene in Asia, with the volume of imports recording X tons, which was near X% of total imports in 2022. Turkey (X tons) ranks second in terms of the total imports with a X% share, followed by India (X%), Indonesia (X%) and Japan (X%). Vietnam (X tons), Singapore (X tons), Thailand (X tons), Pakistan (X tons), Bangladesh (X tons), the Philippines (X tons), Israel (X tons) and Malaysia (X tons) took a little share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), India (X%), Bangladesh (X%), Israel (X%), Pakistan (X%), Indonesia (X%), Japan (X%), Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Thailand and Turkey experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Vietnam and China increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported polyolefins other than polypropylene in Asia, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by India, with an X% share.

In China, polyolefins other than polypropylene imports expanded at 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: Turkey (X% per year) and India (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, remaining constant against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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