Asia-Pacific: Hard Plastic Comb Market 2024

Hard Plastic Comb Market Size in Asia-Pacific

The Asia-Pacific hard plastic comb market declined to $X in 2022, falling by -11.2% against the previous year. In general, consumption, however, continues to indicate a slight contraction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Hard Plastic Comb Production in Asia-Pacific

In value terms, hard plastic comb production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 43%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Hard Plastic Comb Exports

Exports in Asia-Pacific

In 2022, approx. X tons of hard rubber or plastic combs were exported in Asia-Pacific; growing by 14% on the year before. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 31% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hard plastic comb exports surged to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 most prominent rate of growth was recorded in 2021 when exports increased by 49% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The shipments of the one major exporters of hard rubber or plastic combs, namely China, represented more than two-thirds 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 +4.9 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-Pacific.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +7.4%.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, increasing by 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 growth pace was the most rapid in 2014 when the export price increased by 30%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

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-Pacific

In 2022, the amount of hard rubber or plastic combs imported in Asia-Pacific skyrocketed to X tons, picking up by 28% compared with the previous year. Total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, hard plastic comb imports expanded notably to $X in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, 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 29%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, the Philippines (X tons) was the main importer of hard rubber or plastic combs, generating 46% of total imports. India (X tons) held the second position in the ranking, followed by Bangladesh (X tons), Hong Kong SAR (X tons), Indonesia (X tons), Japan (X tons) and Thailand (X tons). All these countries together held near 40% share of total imports.

The Philippines was also the fastest-growing in terms of the hard rubber or plastic combs imports, with a CAGR of +21.7% from 2012 to 2022. At the same time, India (+17.8%), Bangladesh (+14.2%) and Japan (+1.9%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-11.2%) and Indonesia (-12.7%) illustrated a downward trend over the same period. While the share of the Philippines (+38 p.p.), India (+6 p.p.) and Bangladesh (+5.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (-23.1 p.p.) and Indonesia (-24.7 p.p.) displayed negative dynamics. 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-Pacific were Japan ($X), the Philippines ($X) and Bangladesh ($X), with a combined 42% share of total imports.

The Philippines, with a CAGR of +33.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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-Pacific amounted to $X per ton, waning by -17.5% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 22%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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