Eastern 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 Eastern Asia

After four years of growth, the East Asian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by X% to $X in 2022. In general, consumption faced a deep reduction. The pace of growth appeared the most rapid in 2021 when the market value increased by X%. The level of consumption peaked 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 Eastern Asia

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms dropped to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a dramatic setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports in Eastern Asia

In 2022, overseas shipments of polyethylene terephthalate and other polyethylene terephthalate in primary forms were finally on the rise to reach X tons after five years of decline. Over the period under review, exports, however, faced a dramatic decrease. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms skyrocketed to $X in 2022. In general, exports, however, continue to indicate a dramatic contraction. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons) and South Korea (X tons) dominates forms structure, together committing X% of total exports. Japan (X tons) and Democratic People's Republic of Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Democratic People's Republic of Korea (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Taiwan (Chinese) ($X), South Korea ($X) and Japan ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Democratic People's Republic of Korea lagged somewhat behind, comprising a further X%.

Democratic People's Republic of Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, dropping by X% against the previous year. In general, the export price showed a pronounced decline. 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 hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Democratic People's Republic of Korea ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (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 Eastern Asia

In 2022, after four years of growth, there was decline in overseas purchases 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2022.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms fell modestly to $X in 2022. Overall, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports of reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan dominates forms structure, resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by South Korea (X tons) and Taiwan (Chinese) (X tons), together creating a X% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

Imports into Japan increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.), South Korea (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics.

In value terms, Japan ($X) constitutes the largest market for imported polyethylene terephthalate and other polyethylene terephthalate in primary forms in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

In Japan, imports 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: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, recorded a deep reduction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform