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 Asia

In 2023, the Asian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by X% to $X, rising for the third year in a row after six years of decline. Over the period under review, consumption, however, showed a abrupt downturn. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Asia

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms expanded modestly to $X in 2023 estimated in export price. In general, production, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2023, production of growth failed to regain momentum.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports in Asia

In 2023, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms in Asia declined slightly to X tons, approximately mirroring the previous year's figure. Overall, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms expanded sharply to $X in 2023. Over the period under review, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports of failed to regain momentum.

Exports by Country

India (X tons) and Iran (X tons) represented roughly X% of total exports in 2023. Oman (X tons) took the next position in the ranking, followed by Indonesia (X tons) and Vietnam (X tons). All these countries together took near X% share of total exports. South Korea (X tons), Japan (X tons), Taiwan (Chinese) (X tons), Pakistan (X tons), Armenia (X tons), Kyrgyzstan (X tons) and the United Arab Emirates (X tons) took a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kyrgyzstan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Iran ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

In India, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Iran (X% per year) and Oman (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (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 Asia

In 2023, after five 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% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then shrank slightly in the following year.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms contracted slightly to $X in 2023. Over the period under review, imports saw a noticeable shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

Japan represented the main importer of polyethylene terephthalate and other polyethylene terephthalate in primary forms in Asia, with the volume of imports recording X tons, which was near X% of total imports in 2023. Vietnam (X tons) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%), Bangladesh (X%) and Iran (X%). South Korea (X tons) and Taiwan (Chinese) (X tons) held a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to polyethylene terephthalate and other polyethylene terephthalate in primary forms imports into Japan stood at X%. At the same time, South Korea (X%), Taiwan (Chinese) (X%), Indonesia (X%), Iran (X%), Vietnam (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Indonesia, Japan, Vietnam, Iran, South Korea, Taiwan (Chinese) and Bangladesh increased by X, X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Japan was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, surging by X% against the previous year. Overall, the import price, however, showed a abrupt downturn. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while Bangladesh ($X per ton) and South Korea ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform