China - Plastic Packaging - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

China - Plastic Packaging - Market Analysis, Forecast, Size, Trends and Insights

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Plastic Packaging Prices in China

China Plastic Packaging Export Price in September 2022

In September 2022, the plastic packaging price amounted to $5,145 per ton (FOB, China), picking up by 7.1% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was Malaysia ($8,965 per ton), while the average price for exports to Hong Kong SAR ($3,303 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 Australia (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

China Plastic Packaging Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In September 2022, the product with the highest price was carboys, bottles and similar articles of plastics ($9,703 per ton), while the average price for exports of plastic sacks and bags ($4,006 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 the following types: plastic box (+2.8%), while the prices for the other products experienced more modest paces of growth.

China Plastic Packaging Exports

Plastic packaging exports from China fell to 187K tons in September 2022, remaining stable against August 2022. Over the period under review, exports saw a mild reduction. The most prominent rate of growth was recorded in March 2022 when exports increased by 42% against the previous month. Over the period under review, the exports reached the peak figure at 218K tons in January 2022; however, from February 2022 to September 2022, the exports remained at a lower figure.

In value terms, plastic packaging exports expanded sharply to $963M (IndexBox estimates) in September 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when exports increased by 43% m-o-m. The exports peaked at 986K tons in July 2022; however, from August 2022 to September 2022, the exports remained at a lower figure.

China Plastic Packaging Exports by Type

Plastic sacks and bags (134K tons) was the largest type of plastic packaging exported from China, accounting for a 72% share of total exports. Moreover, plastic sacks and bags exceeded the volume of the second product type, plastic boxes, cases, crates and similar packing articles (32K tons), fourfold.

From January 2022 to September 2022, the average monthly rate of growth in terms of the volume of export of plastic sacks and bags totaled -1.5%. With regard to the other exported products, the following average monthly rates of growth were recorded: plastic boxes, cases, crates and similar packing articles (-2.6% per month) and carboys, bottles and similar articles of plastics (-3.1% per month).

In value terms, plastic sacks and bags ($537M) remains the largest type of plastic packaging exported from China, comprising 56% of total exports. The second position in the ranking was held by plastic boxes, cases, crates and similar packing articles ($216M), with a 22% share of total exports.

From January 2022 to September 2022, the average monthly growth rate of the export volume of plastic sacks and bags was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: plastic boxes, cases, crates and similar packing articles (+0.2% per month) and carboys, bottles and similar articles of plastics (-0.5% per month).

China Plastic Packaging Exports by Country

The United States (37K tons), Japan (22K tons) and Australia (12K tons) were the main destinations of plastic packaging exports from China, together comprising 38% of total exports. These countries were followed by Hong Kong SAR, the Philippines, Thailand, Canada, South Korea, Malaysia, Germany, the UK, the Netherlands and Vietnam, which together accounted 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 +2.0%), while the other leaders experienced a decline.

In value terms, the United States ($199M) remains the key foreign market for plastic packaging exports from China, comprising 21% of total exports. The second position in the ranking was taken by Japan ($79M), with an 8.2% share of total exports. It was followed by Australia, with a 6.6% share.

From January 2022 to September 2022, the average monthly growth rate of value to the United States amounted to -1.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-1.1% per month) and Australia (+3.1% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plastic packaging 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 22221300 - Plastic boxes, cases, crates and similar articles for the conveyance or packing of goods
  • Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
  • Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
  • Prodcom 22221450 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity . 2 litres
  • Prodcom 22221470 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity > 2 litres

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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