Southern Asia: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Southern Asia

The South Asian polypropylene in primary forms market reached $X in 2022, picking up by X% against the previous year. The total consumption indicated a buoyant 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Production of Polypropylene in Primary Forms in Southern Asia

In value terms, polypropylene in primary forms production fell slightly to $X in 2022 estimated in export price. The total production indicated resilient growth 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 was the most pronounced in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Polypropylene in Primary Forms

Exports in Southern Asia

In 2022, the amount of polypropylene in primary forms exported in Southern Asia declined remarkably to X tons, reducing by X% compared with the previous year. Over the period under review, exports recorded a deep slump. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, polypropylene in primary forms exports fell sharply to $X in 2022. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of polypropylene in primary forms, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the polypropylene in primary forms exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest polypropylene in primary forms supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price continues to indicate a mild decline. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Polypropylene in Primary Forms

Imports in Southern Asia

In 2022, approx. X tons of polypropylene in primary forms were imported in Southern Asia; picking up by X% on the year before. Overall, imports posted a buoyant increase. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, polypropylene in primary forms imports expanded remarkably to $X in 2022. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, India (X tons) represented the main importer of polypropylene in primary forms, generating X% of total imports. Pakistan (X tons) ranks second in terms of the total imports with a X% share, followed by Bangladesh (X%). The following importers - Nepal (X tons) and Sri Lanka (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to polypropylene in primary forms imports into India stood at X%. At the same time, Nepal (X%), Bangladesh (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Sri Lanka experienced a relatively flat trend pattern. From 2012 to 2022, the share of India increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest polypropylene in primary forms importing markets in Southern Asia were India ($X), Pakistan ($X) and Bangladesh ($X), together comprising X% of total imports. Nepal and Sri Lanka lagged somewhat behind, together comprising a further X%.

Nepal, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in Southern Asia stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded 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 stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Pakistan ($X per ton) and Nepal ($X per ton), while Bangladesh ($X per ton) and India ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform