Asia-Pacific: Plastic Extruder Market 2024

Plastic Extruder Market Size in Asia-Pacific

The Asia-Pacific plastic extruder market reduced sharply to $X in 2021, which is down by -25.5% against the previous year. Overall, consumption saw a noticeable contraction. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Plastic Extruder Production in Asia-Pacific

In value terms, plastic extruder production dropped to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 222% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Plastic Extruder Exports

Exports in Asia-Pacific

For the sixth consecutive year, Asia-Pacific recorded growth in overseas shipments of extruders for working rubber or plastics, which increased by 29% to X units in 2021. Over the period under review, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 59% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, plastic extruder exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of extruders for working rubber or plastics, namely China, Japan and Taiwan (Chinese), represented more than two-thirds of total export. It was distantly followed by India (X units), making up a 6.4% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +25.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic extruder supplying countries in Asia-Pacific were China ($X), Japan ($X) and Taiwan (Chinese) ($X), together comprising 89% of total exports. These countries were followed by India, which accounted for a further 5.6%.

In terms of the main exporting countries, India, with a CAGR of +10.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, with a decrease of -5.1% against the previous year. In general, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 65% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the other leaders experienced a decline in the export price figures.

Plastic Extruder Imports

Imports in Asia-Pacific

In 2021, after two years of decline, there was significant growth in purchases abroad of extruders for working rubber or plastics, when their volume increased by 11% to X units. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when imports increased by 29%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, plastic extruder imports skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Vietnam (X units), Thailand (X units), Indonesia (X units) and South Korea (X units) represented roughly 76% of total imports in 2021. Japan (X units) ranks next in terms of the total imports with a 5.8% share, followed by Taiwan (Chinese) (5%). Malaysia (X units) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +14.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic extruder importing markets in Asia-Pacific were Vietnam ($X), Thailand ($X) and South Korea ($X), together accounting for 21% of total imports.

Vietnam, with a CAGR of +13.6%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, rising by 4.4% against the previous year. Over the period under review, the import price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2017 when the import price increased by 46% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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