South-Eastern Asia: Polyurethanes Market 2024

Polyurethanes Market Size in South-Eastern Asia

The Southeast Asian polyurethanes market amounted to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption showed strong growth. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Polyurethanes Production in South-Eastern Asia

In value terms, polyurethanes production dropped modestly to $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Polyurethanes Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of polyurethanes in primary forms increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, polyurethanes exports rose notably 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 in certain years. The pace of growth was the most pronounced in 2017 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore was the main exporting country with an export of around X tons, which recorded X% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a X% share, followed by Thailand (X%) and Vietnam (X%). Indonesia (X tons) followed a long way behind the leaders.

Exports from Singapore decreased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%), Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Thailand, Vietnam and Indonesia 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, Singapore ($X) remains the largest polyurethanes supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

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

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 Vietnam ($X per ton), while Indonesia ($X per ton) was 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 more modest paces of growth.

Polyurethanes Imports

Imports in South-Eastern Asia

In 2022, the amount of polyurethanes in primary forms imported in South-Eastern Asia expanded significantly to X tons, with an increase of X% on the previous year's figure. 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 throughout the analyzed period. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, polyurethanes imports stood at $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Vietnam (X tons) represented the main importer of polyurethanes in primary forms, achieving X% of total imports. It was distantly followed by Indonesia (X tons), Thailand (X tons) and Malaysia (X tons), together constituting a X% share of total imports. The following importers - the Philippines (X tons) and Singapore (X tons) - each finished at a X% share of total imports.

Vietnam was also the fastest-growing in terms of the polyurethanes in primary forms imports, with a CAGR of X% from 2012 to 2022. At the same time, Indonesia (X%), the Philippines (X%) and Malaysia (X%) displayed positive paces of growth. By contrast, Thailand (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Indonesia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported polyurethanes in primary forms in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

In Vietnam, polyurethanes imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Vietnam ($X per ton) and Singapore ($X per ton), while the Philippines ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform