China - Plastic Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Bag Prices in China
China Plastic Bag Export Price in September 2022
In September 2022, the plastic bag price amounted to $4,006 per ton (FOB, China), with an increase of 5.7% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in June 2022 an increase of 6.1% m-o-m. The export price peaked in September 2022.
There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was Malaysia ($7,843 per ton), while the average price for exports to Germany ($2,592 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
China Plastic Bag Export Prices by Type
Prices varied noticeably by the product type; the product with the highest price was plastics ($6,178 per ton), while the average price for exports of sacks and bags of polymers of ethylene totaled $3,081 per ton.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for the following types: plastics; sacks and bags (including cones), for the conveyance or packing of goods, of plastics other than ethylene polymers (+1.5%).
China Plastic Bag Exports
In September 2022, plastic bag exports from China reduced modestly to 134K tons, with a decrease of -2% on the month before. Overall, exports recorded a slight shrinkage. The pace of growth was the most pronounced in March 2022 with an increase of 44% m-o-m. The exports peaked at 151K tons in January 2022; however, from February 2022 to September 2022, the exports failed to regain momentum.
In value terms, plastic bag exports reached $537M (IndexBox estimates) in September 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2022 with an increase of 46% month-to-month. The exports peaked at 562K tons in July 2022; however, from August 2022 to September 2022, the exports remained at a lower figure.
China Plastic Bag Exports by Type
Sacks and bags of polymers of ethylene (94K tons) was the largest type of plastic bag exported from China, accounting for a 70% share of total exports. Moreover, sacks and bags of polymers of ethylene exceeded the volume of the second product type, plastics (40K tons), twofold.
From January 2022 to September 2022, the average monthly growth rate of the volume of export of sacks and bags of polymers of ethylene amounted to -1.7%.
In value terms, sacks and bags of polymers of ethylene ($289M) and plastics ($247M) were the most exported types of plastic sacks and bags from China worldwide.
In terms of the main product categories, plastics; sacks and bags (including cones), for the conveyance or packing of goods, of plastics other than ethylene polymers, with a CAGR of +0.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review.
China Plastic Bag Exports by Country
The United States (26K tons), Japan (19K tons) and Australia (7.9K tons) were the main destinations of plastic bag exports from China, together accounting for 39% of total exports. Hong Kong SAR, Canada, the Philippines, the Netherlands, Thailand, the UK, Germany, Malaysia, Vietnam and Mexico lagged somewhat behind, together accounting for a further 27%.
From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +3.6%), while the other leaders experienced more modest paces of growth.
In value terms, the United States ($112M) remains the key foreign market for plastic bag exports from China, comprising 21% of total exports. The second position in the ranking was taken by Japan ($53M), with a 9.9% share of total exports. It was followed by Australia, with a 6.3% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-0.9% per month) and Australia (+2.1% per month).
This report provides an in-depth analysis of the plastic bag market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
- Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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In March 2023, the plastic bag price amounted to $3,975 per ton (FOB, China), growing by 8% against the previous month.
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The total value of plastic packaging exports reached $863 million in June 2023.
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