South-Eastern Asia: Market for Polyolefins other than Polypropylene 2024

Market Size for Polyolefins other than Polypropylene in South-Eastern Asia

In 2022, the Southeast 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% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Polyolefins other than Polypropylene in South-Eastern Asia

In value terms, polyolefins other than polypropylene production fell to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Polyolefins other than Polypropylene

Exports in South-Eastern Asia

In 2022, after four years of growth, there was significant decline in overseas shipments 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 consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, polyolefins other than polypropylene exports contracted to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Singapore represented the key exporter of polyolefins other than polypropylene in South-Eastern Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Thailand (X tons) ranks second in terms of the total exports with a X% share, followed by Malaysia (X%). Vietnam (X tons) took a minor share of total exports.

Singapore experienced a relatively flat trend pattern with regard to volume of exports of polyolefins other than polypropylene. At the same time, Vietnam (X%), Malaysia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Thailand (X p.p.), Vietnam (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Singapore ($X) remains the largest polyolefins other than polypropylene supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Singapore totaled X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 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 Vietnam ($X per ton) and Singapore ($X per ton), while Thailand ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Polyolefins other than Polypropylene

Imports in South-Eastern Asia

In 2022, imports of polyolefins other than polypropylene in South-Eastern Asia declined slightly to X tons, dropping by X% on 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, polyolefins other than polypropylene imports dropped slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then reduced modestly in the following year.

Imports by Country

Indonesia represented the largest importing country with an import of around X tons, which reached X% of total imports. Vietnam (X tons) took the second position in the ranking, followed by Singapore (X tons), Thailand (X tons), the Philippines (X tons) and Malaysia (X tons). All these countries together took near X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to polyolefins other than polypropylene imports into Indonesia stood at X%. At the same time, Vietnam (X%), Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (X p.p.) and Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Singapore ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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