Asia-Pacific: Market for Plastic Tableware And Kitchenware 2024

Market Size for Plastic Tableware And Kitchenware in Asia-Pacific

In 2022, the Asia-Pacific plastic tableware and kitchenware market decreased by -6.6% to $X, falling for the third consecutive year after eight years of growth. The total consumption indicated a pronounced expansion 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, consumption decreased by -13.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Plastic Tableware And Kitchenware in Asia-Pacific

In value terms, plastic tableware and kitchenware production contracted slightly to $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 20%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Plastic Tableware And Kitchenware

Exports in Asia-Pacific

Plastic tableware and kitchenware exports reached X tons in 2022, with an increase of 9% compared with the previous year. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +8.2% 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 +81.9% against 2016 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 29%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, plastic tableware and kitchenware exports surged to $X in 2022. Overall, exports saw a resilient increase. The growth pace was the most rapid in 2014 with an increase of 30% 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 prevails in exports structure, resulting at X tons, which was near 87% of total exports in 2022. Taiwan (Chinese) (X tons), Vietnam (X tons) and India (X tons) held a little share of total exports.

Exports from China increased at an average annual rate of +9.6% from 2012 to 2022. At the same time, Vietnam (+13.7%) and Taiwan (Chinese) (+6.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +13.7% from 2012-2022. India experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by +11 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic tableware and kitchenware supplier in Asia-Pacific, comprising 89% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 2.9% share of total exports. It was followed by Vietnam, with a 1.7% share.

In China, plastic tableware and kitchenware exports expanded at an average annual rate of +15.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+4.7% per year) and Vietnam (+13.3% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, picking up by 5.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2016 when the export price increased by 12% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in China ($X per ton) and Vietnam ($X per ton), while India ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Plastic Tableware And Kitchenware

Imports in Asia-Pacific

In 2022, approx. X tons of plastic tableware and kitchenware were imported in Asia-Pacific; with a decrease of -3.5% against 2021. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 15%. The volume of import peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, plastic tableware and kitchenware imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of $X, and then declined slightly in the following year.

Imports by Country

In 2022, Japan (X tons), Australia (X tons), Hong Kong SAR (X tons), Singapore (X tons), South Korea (X tons), the Philippines (X tons), Indonesia (X tons), Vietnam (X tons) and Malaysia (X tons) was the main importer of plastic tableware and kitchenware in Asia-Pacific, constituting 79% of total import. New Zealand (X tons), Thailand (X tons), Cambodia (X tons) and China (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +23.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic tableware and kitchenware importing markets in Asia-Pacific were Japan ($X), Australia ($X) and Hong Kong SAR ($X), with a combined 47% share of total imports. South Korea, Singapore, Vietnam, China, Indonesia, New Zealand, Malaysia, Thailand, the Philippines and Cambodia lagged somewhat behind, together comprising a further 44%.

Cambodia, with a CAGR of +27.6%, saw 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

The import price in Asia-Pacific stood at $X per ton in 2022, increasing by 1.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2021 when the import price increased by 10%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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