ASEAN: Abs Copolymers Market 2024

Abs Copolymers Market Size in ASEAN

In 2023, after two years of growth, there was significant decline in the ASEAN ABS copolymers market, when its value decreased by X% to $X. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Abs Copolymers Production in ASEAN

In value terms, ABS copolymers production expanded to $X in 2023 estimated in export price. Over the period under review, production showed a mild curtailment. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Abs Copolymers Exports

Exports in ASEAN

In 2023, approx. X tons of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms were exported in ASEAN; approximately reflecting 2022 figures. Over the period under review, exports, however, posted a measured expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, ABS copolymers exports contracted remarkably to $X in 2023. Overall, exports saw a mild decrease. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia represented the largest exporter of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms in ASEAN, with the volume of exports resulting at X tons, which was near X% of total exports in 2023. Thailand (X tons) ranks second in terms of the total exports with a X% share, followed by Vietnam (X%) and Indonesia (X%).

From 2012 to 2023, average annual rates of growth with regard to ABS copolymers exports from Malaysia stood at X%. At the same time, Vietnam (X%), Indonesia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Vietnam and Indonesia increased by X and X percentage points, respectively.

In value terms, Malaysia ($X) remains the largest ABS copolymers supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Malaysia totaled X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, falling by X% against the previous year. Overall, the export price recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the export price figures.

Abs Copolymers Imports

Imports in ASEAN

ABS copolymers imports was estimated at X tons in 2023, growing by X% against 2022. Total imports indicated a pronounced increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, ABS copolymers imports dropped to $X in 2023. Total imports indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Malaysia (X tons) and Vietnam (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Thailand (X tons) and Indonesia (X tons), together committing a X% share of total imports. The Philippines (X tons) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ABS copolymers importing markets in ASEAN were Vietnam ($X), Thailand ($X) and Malaysia ($X), with a combined X% share 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 2023, the import price in ASEAN amounted to $X per ton, reducing by X% against the previous year. In general, the import price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform