Asia-Pacific: Non-Cellular Polypropylene Film Market 2024

Non-Cellular Polypropylene Film Market Size in Asia-Pacific

After three years of growth, the Asia-Pacific non-cellular polypropylene film market decreased by -3.4% to $X in 2021. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2020, and then fell in the following year.

Non-Cellular Polypropylene Film Production in Asia-Pacific

In value terms, non-cellular polypropylene film production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2014 with an increase of 11%. Over the period under review, production reached the maximum level at $X in 2020, and then declined modestly in the following year.

Non-Cellular Polypropylene Film Exports

Exports in Asia-Pacific

In 2021, non-cellular polypropylene film exports in Asia-Pacific soared to X tons, rising by 16% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-cellular polypropylene film exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporting country with an export of around X tons, which reached 39% of total exports. India (X tons) ranks second in terms of the total exports with a 16% share, followed by Taiwan (Chinese) (8%), Indonesia (7.3%), Malaysia (6.1%), South Korea (6%), Thailand (5.8%) and Japan (5.1%).

From 2012 to 2021, average annual rates of growth with regard to non-cellular polypropylene film exports from China stood at +7.0%. At the same time, India (+8.6%), Malaysia (+6.4%), Japan (+2.9%), Taiwan (Chinese) (+2.8%), Indonesia (+2.6%) and South Korea (+1.7%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +8.6% from 2012-2021. Thailand experienced a relatively flat trend pattern. While the share of China (+8.9 p.p.) and India (+5.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-2.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-cellular polypropylene film supplier in Asia-Pacific, comprising 36% of total exports. The second position in the ranking was held by India ($X), with a 14% share of total exports. It was followed by Japan, with a 12% share.

In China, non-cellular polypropylene film exports expanded at an average annual rate of +7.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: India (+9.3% per year) and Japan (+0.7% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, picking up by 15% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.6%), while the other leaders experienced more modest paces of growth.

Non-Cellular Polypropylene Film Imports

Imports in Asia-Pacific

In 2021, non-cellular polypropylene film imports in Asia-Pacific skyrocketed to X tons, with an increase of 19% against the previous year. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-cellular polypropylene film imports soared to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons), Japan (X tons), Vietnam (X tons), China (X tons), Thailand (X tons), Malaysia (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons), Australia (X tons), Bangladesh (X tons), South Korea (X tons) and the Philippines (X tons) represented the largest importer of non-cellular polypropylene films, sheets, foil and strip in Asia-Pacific, committing 91% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of +23.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported non-cellular polypropylene films, sheets, foil and strip in Asia-Pacific, comprising 22% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports. It was followed by Vietnam, with a 10% share.

In China, non-cellular polypropylene film imports contracted by an average annual rate of -2.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-0.6% per year) and Vietnam (+6.0% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, picking up by 2.5% against the previous year. Overall, the import price, however, showed a perceptible slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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