Asia-Pacific: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Asia-Pacific

The Asia-Pacific market for plastic plates, sheets, film, foil and strip fell to $X in 2021, shrinking by -2.2% against the previous year. In general, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 3.2% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Plastic Plates, Sheets, Film, Foil And Strip in Asia-Pacific

In value terms, production of plastic plates, sheets, film, foil and strip dropped modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 3.9% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports in Asia-Pacific

In 2021, overseas shipments of plastic plates, sheets, film, foil and strip increased by 10% to X tons, rising for the fifth year in a row after two years of decline. The total export volume increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 14%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, exports of plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.2% 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 attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporter of plastic plates, sheets, film, foil and strip in Asia-Pacific, with the volume of exports accounting for X tons, which was approx. 44% of total exports in 2021. South Korea (X tons) held a 10% share (based on physical terms) of total exports, which put it in second place, followed by India (7.7%), Japan (7.7%), Malaysia (7.5%), Taiwan (Chinese) (6.9%) and Thailand (6.4%).

China was also the fastest-growing in terms of the plastic plates, sheets, film, foil and strip exports, with a CAGR of +9.0% from 2012 to 2021. At the same time, India (+6.8%), Thailand (+5.0%), Malaysia (+4.4%), South Korea (+4.2%) and Japan (+1.4%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of China (+12 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Japan (-3 p.p.) and Taiwan (Chinese) (-4.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of exports in 2021, with a combined 72% share of total exports.

China, with a CAGR of +10.5%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, surging by 9% against the previous year. Overall, the export price, however, showed a mild descent. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the other leaders experienced more modest paces of growth.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports in Asia-Pacific

In 2021, imports of plastic plates, sheets, film, foil and strip in Asia-Pacific expanded significantly to X tons, with an increase of 11% against the year before. The total import volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.1% 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, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), distantly followed by Japan (X tons), South Korea (X tons), India (X tons), Vietnam (X tons), Australia (X tons), Malaysia (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) represented the major importers of plastic plates, sheets, film, foil and strip, together committing 80% of total imports. Thailand (X tons), the Philippines (X tons), Singapore (X tons) and Bangladesh (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +13.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported plastic plates, sheets, film, foil and strip in Asia-Pacific, comprising 35% of total imports. The second position in the ranking was taken by South Korea ($X), with a 10% share of total imports. It was followed by Taiwan (Chinese), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +2.0%. In the other countries, the average annual rates were as follows: South Korea (-4.1% per year) and Taiwan (Chinese) (-1.0% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, growing by 6.3% against the previous year. Overall, the import price, however, saw a slight downturn. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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