
China - Polyethylene Glycols and Polyethers in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights
China: Market for Polyethylene Glycols and Polyethers in Primary Forms 2023
Market Size for Polyethylene Glycols and Polyethers in Primary Forms in China
The Chinese polyethylene glycol and polyether market fell to $X in 2021, with a decrease of -14.3% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.
Production of Polyethylene Glycols and Polyethers in Primary Forms in China
In value terms, polyethylene glycol and polyether production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 23% against the previous year. Polyethylene glycol and polyether production peaked at $X in 2020, and then shrank modestly in the following year.
Exports of Polyethylene Glycols and Polyethers in Primary Forms
Exports from China
In 2021, approx. X tons of polyethylene glycols and polyethers in primary forms were exported from China; rising by 47% compared with the previous year. Over the period under review, exports recorded prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, polyethylene glycol and polyether exports soared to $X in 2021. In general, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
Vietnam (X tons), Turkey (X tons) and the United States (X tons) were the main destinations of polyethylene glycol and polyether exports from China, together comprising 24% of total exports. These countries were followed by Brazil, India, Russia, Mexico, South Korea, Indonesia, Thailand, Taiwan (Chinese), Pakistan and Egypt, which together accounted for a further 38%.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +66.3%), while the other leaders experienced more modest paces of growth.
In value terms, Turkey ($X), the United States ($X) and Vietnam ($X) constituted the largest markets for polyethylene glycol and polyether exported from China worldwide, together comprising 24% of total exports. Brazil, Taiwan (Chinese), Russia, South Korea, India, Mexico, Thailand, Indonesia, Pakistan and Egypt lagged somewhat behind, together comprising a further 38%.
In terms of the main countries of destination, Mexico, with a CAGR of +66.9%, 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 2021, the average polyethylene glycol and polyether export price amounted to $X per ton, jumping by 47% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polyethylene Glycols and Polyethers in Primary Forms
Imports into China
In 2021, the amount of polyethylene glycols and polyethers in primary forms imported into China rose modestly to X tons, growing by 3.9% against 2020 figures. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 16%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.
In value terms, polyethylene glycol and polyether imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
Singapore (X tons), Saudi Arabia (X tons) and Thailand (X tons) were the main suppliers of polyethylene glycol and polyether imports to China, with a combined 59% share of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +95.0%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Singapore ($X), Thailand ($X) and Taiwan (Chinese) ($X) were the largest polyethylene glycol and polyether suppliers to China, together comprising 45% of total imports. Saudi Arabia, South Korea, the United States, Japan, Germany, Malaysia and the Netherlands lagged somewhat behind, together comprising a further 45%.
Saudi Arabia, with a CAGR of +101.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average polyethylene glycol and polyether import price stood at $X per ton in 2021, surging by 42% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for polyethylene glycol and polyether in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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