Southern Asia: Market for Polyolefins other than Polypropylene 2024

Market Size for Polyolefins other than Polypropylene in Southern Asia

After two years of growth, the South Asian polyolefins other than polypropylene market decreased by X% to $X in 2023. Over the period under review, consumption recorded a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2022, and then declined in the following year.

Production of Polyolefins other than Polypropylene in Southern Asia

In value terms, polyolefins other than polypropylene production dropped to $X in 2023 estimated in export price. The total production indicated a tangible increase 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, production increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2022, and then fell in the following year.

Exports of Polyolefins other than Polypropylene

Exports in Southern Asia

In 2023, shipments abroad of polyolefins other than polypropylene decreased by X% to X tons, falling for the third consecutive year after three years of growth. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, polyolefins other than polypropylene exports fell to $X in 2023. Over the period under review, exports saw a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

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

India was also the fastest-growing in terms of the polyolefins other than polypropylene exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest polyolefins other than polypropylene supplier in Southern Asia.

From 2012 to 2023, the average annual growth rate of value in India stood at X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, waning by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then fell in the following year.

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

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Polyolefins other than Polypropylene

Imports in Southern Asia

For the third consecutive year, Southern Asia recorded growth in supplies from abroad of polyolefins other than polypropylene, which increased by X% to X tons in 2023. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in years to come.

In value terms, polyolefins other than polypropylene imports reduced to $X in 2023. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, India (X tons) represented the key importer of polyolefins other than polypropylene, constituting X% of total imports. Pakistan (X tons) ranks second in terms of the total imports with a X% share, followed by Bangladesh (X%). Sri Lanka (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the polyolefins other than polypropylene imports, with a CAGR of X% from 2012 to 2023. At the same time, Bangladesh (X%), Pakistan (X%) and Sri Lanka (X%) displayed positive paces of growth. While the share of India (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Sri Lanka (X p.p.), Bangladesh (X p.p.) and Pakistan (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported polyolefins other than polypropylene in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

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

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the import price saw a noticeable slump. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 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 Bangladesh ($X per ton) and India ($X per ton), while Sri Lanka ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform