Eastern Asia: Resinoids Market 2024

Resinoids Market Size in Eastern Asia

The East Asian resinoids market declined slightly to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a noticeable contraction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Resinoids Production in Eastern Asia

In value terms, resinoids production reduced modestly to $X in 2022 estimated in export price. Overall, production saw a perceptible contraction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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Resinoids Exports

Exports in Eastern Asia

In 2022, the amount of resinoids exported in Eastern Asia shrank markedly to X tons, dropping by X% on the previous year. Overall, exports saw a noticeable setback. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, resinoids exports fell significantly to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, China (X tons) represented the main exporter of resinoids, making up X% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), mixing up a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%).

In value terms, China ($X) remains the largest resinoids supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China stood at X%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, rising by X% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price 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, resinoids export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Resinoids Imports

Imports in Eastern Asia

Resinoids imports declined to X tons in 2022, dropping by X% against the year before. Overall, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, resinoids imports dropped markedly to $X in 2022. In general, imports saw a deep downturn. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Hong Kong SAR represented the main importer of resinoids in Eastern Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by China (X tons), committing a X% share of total imports. Taiwan (Chinese) (X tons) and Japan (X tons) held a little share of total imports.

Hong Kong SAR was also the fastest-growing in terms of the resinoids imports, with a CAGR of X% from 2012 to 2022. China (X%), Taiwan (Chinese) (X%) and Japan (X%) illustrated a downward trend over the same period. Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total imports, while Japan and Taiwan (Chinese) saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Hong Kong SAR ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price saw a noticeable slump. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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