Asia: Plastic Headgear Market 2024

Plastic Headgear Market Size in Asia

The Asian plastic headgear market shrank remarkably to $X in 2022, with a decrease of -26.1% against the previous year. Overall, consumption continues to indicate a pronounced setback. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Plastic Headgear Production in Asia

In value terms, plastic headgear production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 18% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Plastic Headgear Exports

Exports in Asia

In 2022, overseas shipments of headgear of rubber or plastic increased by 54% to X units, rising for the second year in a row after two years of decline. Total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 +79.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic headgear exports skyrocketed to $X in 2022. Total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +53.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 42% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

China dominates exports structure, amounting to X units, which was approx. 95% of total exports in 2022. Malaysia (X units) held a relatively small share of total exports.

China was also the fastest-growing in terms of the headgear of rubber or plastic exports, with a CAGR of +5.6% from 2012 to 2022. Malaysia experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by +8.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic headgear supplier in Asia, comprising 90% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 2.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled +5.2%.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, reducing by -20.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 25%. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.5%).

Plastic Headgear Imports

Imports in Asia

In 2022, purchases abroad of headgear of rubber or plastic increased by 15% to X units, rising for the second consecutive year after three years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 24%. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, plastic headgear imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 10%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Thailand (X units), distantly followed by Japan (X units), India (X units), Vietnam (X units), South Korea (X units) and Malaysia (X units) were the major importers of headgear of rubber or plastic, together constituting 64% of total imports. Hong Kong SAR (X units), Turkey (X units), the United Arab Emirates (X units), Iraq (X units), Singapore (X units), Taiwan (Chinese) (X units) and China (X units) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +31.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), India ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, with a combined 34% share of total imports.

India, with a CAGR of +31.4%, recorded the highest growth rate of 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

The import price in Asia stood at $X per unit in 2022, waning by -5.6% against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic headgear import price decreased by -18.1% against 2020 indices. The growth pace was the most rapid in 2020 when the import price increased by 46%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the import prices remained at a somewhat lower figure.

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 ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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