Asia: Hard Plastic Comb Market 2024

Hard Plastic Comb Market Size in Asia

The Asian hard plastic comb market contracted to $X in 2022, dropping by -14.6% against the previous year. In general, consumption, however, saw a perceptible descent. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Hard Plastic Comb Production in Asia

In value terms, hard plastic comb production contracted slightly to $X in 2022 estimated in export price. In general, production, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by 42% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Hard Plastic Comb Exports

Exports in Asia

Hard plastic comb exports expanded notably to X tons in 2022, surging by 14% on the previous year's figure. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hard plastic comb exports soared to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.1% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of 49%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2022, China (X tons) represented the main exporter of hard rubber or plastic combs in Asia, mixing up 97% of total export.

China experienced a relatively flat trend pattern with regard to volume of exports of hard rubber or plastic combs. From 2012 to 2022, the share of China increased by +4.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest hard plastic comb supplier in Asia.

In China, hard plastic comb exports expanded at an average annual rate of +7.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with an increase of 13% against the previous year. Export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hard plastic comb export price increased by +47.2% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by 30%. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +7.0% per year.

Hard Plastic Comb Imports

Imports in Asia

In 2022, approx. X tons of hard rubber or plastic combs were imported in Asia; surging by 15% on the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hard plastic comb imports contracted to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Philippines was the largest importing country with an import of about X tons, which finished at 34% of total imports. Iraq (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons), India (X tons), Bangladesh (X tons), Hong Kong SAR (X tons) and Indonesia (X tons). All these countries together held near 38% share of total imports. Japan (X tons), Thailand (X tons), Yemen (X tons), China (X tons), Kazakhstan (X tons) and Myanmar (X tons) followed a long way behind the leaders.

Imports into the Philippines increased at an average annual rate of +21.7% from 2012 to 2022. At the same time, Myanmar (+58.8%), India (+17.8%), Bangladesh (+14.2%), China (+10.6%) and Japan (+1.9%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in Asia, with a CAGR of +58.8% from 2012-2022. Iraq and Thailand experienced a relatively flat trend pattern. By contrast, Yemen (-4.4%), the United Arab Emirates (-5.6%), Kazakhstan (-8.3%), Hong Kong SAR (-11.2%) and Indonesia (-12.7%) illustrated a downward trend over the same period. The Philippines (+30 p.p.), India (+4.9 p.p.), Bangladesh (+4.5 p.p.) and Myanmar (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan, the United Arab Emirates, Hong Kong SAR and Indonesia saw its share reduced by -2.1%, -4%, -10.9% and -11.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hard plastic comb importing markets in Asia were Japan ($X), China ($X) and the Philippines ($X), together accounting for 38% of total imports.

The Philippines, with a CAGR of +33.1%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, falling by -18.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 12% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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