Eastern Asia: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Eastern Asia

The East Asian market for unsaturated polyesters in primary forms reduced modestly to $X in 2023, remaining stable against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Production of Unsaturated Polyesters In Primary Forms in Eastern Asia

In value terms, unsaturated polyesters in primary forms production expanded to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2023, production growth failed to regain momentum.

Exports of Unsaturated Polyesters In Primary Forms

Exports in Eastern Asia

In 2023, unsaturated polyesters in primary forms exports in Eastern Asia surged to X tons, picking up by X% against 2022 figures. In general, exports posted a perceptible expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked in 2023 and is likely to see gradual growth in years to come.

In value terms, unsaturated polyesters in primary forms exports rose sharply to $X in 2023. Total exports indicated mild growth from 2012 to 2023: its value 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, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded 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

In 2023, China (X tons) and Taiwan (Chinese) (X tons) were the main exporters of unsaturated polyesters in primary forms in Eastern Asia, together committing X% of total exports. South Korea (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%).

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest unsaturated polyesters in primary forms supplying countries in Eastern Asia were China ($X), Taiwan (Chinese) ($X) and South Korea ($X), together comprising X% of total exports.

Among the main exporting countries, China, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price showed a mild decline. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Imports of Unsaturated Polyesters In Primary Forms

Imports in Eastern Asia

In 2023, overseas purchases of unsaturated polyesters in primary forms decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports saw a noticeable decline. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, unsaturated polyesters in primary forms imports contracted significantly to $X in 2023. Overall, imports showed a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of unsaturated polyesters in primary forms, namely China, Japan and Taiwan (Chinese), represented more than two-thirds of total import. It was distantly followed by South Korea (X tons), constituting a X% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Among the main importing countries, Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, falling by X% against the previous year. In general, the import price continues to indicate a slight reduction. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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 South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform