Asia-Pacific: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in Asia-Pacific

After three years of growth, the Asia-Pacific plastic household ware market decreased by -6.4% to $X in 2021. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 9.7% against the previous year. Over the period under review, the market reached the maximum level at $X in 2020, and then fell in the following year.

Plastic Household Ware Production in Asia-Pacific

In value terms, plastic household ware production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 11%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Plastic Household Ware Exports

Exports in Asia-Pacific

For the fifth consecutive year, Asia-Pacific recorded growth in overseas shipments of plastics household articles and toilet articles, which increased by 18% to X tons in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.2% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of 28% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, plastic household ware exports surged to $X in 2021. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 31% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X tons, which was approx. 85% of total exports in 2021. Taiwan (Chinese) (X tons), India (X tons) and Vietnam (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to plastic household ware exports from China stood at +10.3%. At the same time, Vietnam (+11.2%), Taiwan (Chinese) (+4.9%) and India (+2.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +11.2% from 2012-2021. While the share of China (+11 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic household ware supplier in Asia-Pacific, comprising 87% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 2.9% share of total exports. It was followed by Vietnam, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +16.5%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+3.4% per year) and Vietnam (+13.7% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, increasing by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the other leaders experienced more modest paces of growth.

Plastic Household Ware Imports

Imports in Asia-Pacific

In 2021, purchases abroad of plastics household articles and toilet articles was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic household ware imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.5% from 2012 to 2021; 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.

Imports by Country

In 2021, Japan (X tons), Australia (X tons), the Philippines (X tons), Hong Kong SAR (X tons), South Korea (X tons), Indonesia (X tons), Singapore (X tons), Thailand (X tons) and Malaysia (X tons) was the key importer of plastics household articles and toilet articles in Asia-Pacific, comprising 78% of total import. The following importers - New Zealand (X tons), Cambodia (X tons), China (X tons) and Taiwan (Chinese) (X tons) - each accounted for a 9% 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 Cambodia (with a CAGR of +26.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Australia ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 49% of total imports. Hong Kong SAR, Singapore, the Philippines, China, Indonesia, Thailand, Malaysia, Taiwan (Chinese), New Zealand and Cambodia lagged somewhat behind, together comprising a further 41%.

Among the main importing countries, Cambodia, with a CAGR of +31.5%, saw the highest growth rate of the value of imports, 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 2021, with an increase of 2.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2014 an increase of 9.4%. The level of import peaked at $X per ton in 2019; however, from 2020 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 China ($X per ton), while the Philippines ($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 (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :