Asia-Pacific: Non-Cellular Polyethylene Film Market 2024

Non-Cellular Polyethylene Film Market Size in Asia-Pacific

The Asia-Pacific non-cellular polyethylene film market was estimated at $X in 2021, with an increase of 2.3% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Non-Cellular Polyethylene Film Production in Asia-Pacific

In value terms, non-cellular polyethylene film production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 14% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Non-Cellular Polyethylene Film Exports

Exports in Asia-Pacific

For the tenth consecutive year, Asia-Pacific recorded growth in shipments abroad of non-cellular polyethylene films, sheets, foil and strip, which increased by 12% to X tons in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.3% 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 +88.5% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-cellular polyethylene film exports soared to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +65.0% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the key exporter of non-cellular polyethylene films, sheets, foil and strip in Asia-Pacific, with the volume of exports accounting for X tons, which was near 48% of total exports in 2021. It was distantly followed by Malaysia (X tons), Thailand (X tons), Japan (X tons) and South Korea (X tons), together making up a 37% share of total exports. Vietnam (X tons) and India (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to non-cellular polyethylene film exports from China stood at +11.3%. At the same time, Vietnam (+22.6%), India (+21.6%), Malaysia (+4.8%), South Korea (+4.3%), Thailand (+4.0%) and Japan (+1.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +22.6% from 2012-2021. From 2012 to 2021, the share of China, Vietnam and India increased by +13, +2.6 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-cellular polyethylene film supplier in Asia-Pacific, comprising 54% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 14% share of total exports. It was followed by Japan, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +13.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+3.9% per year) and Japan (+0.3% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, surging by 12% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat 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 ($X per ton), while Malaysia ($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 (+1.7%), while the other leaders experienced a decline in the export price figures.

Non-Cellular Polyethylene Film Imports

Imports in Asia-Pacific

Non-cellular polyethylene film imports expanded slightly to X tons in 2021, surging by 1.7% compared with the previous year's figure. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.4% against 2012 indices. The most prominent rate of growth was recorded in 2016 with an increase of 9.6% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, non-cellular polyethylene film imports stood at $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 8.5% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

The countries with the highest levels of non-cellular polyethylene film imports in 2021 were Japan (X tons), Australia (X tons), China (X tons), South Korea (X tons), Malaysia (X tons), Singapore (X tons), Vietnam (X tons), Indonesia (X tons), India (X tons), Thailand (X tons), New Zealand (X tons) and Hong Kong SAR (X tons), together accounting for 88% 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 Vietnam (with a CAGR of +16.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported non-cellular polyethylene films, sheets, foil and strip in Asia-Pacific, comprising 31% of total imports. The second position in the ranking was held by Japan ($X), with a 13% share of total imports. It was followed by Australia, with a 9.1% share.

In China, non-cellular polyethylene film imports increased at an average annual rate of +1.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+2.6% per year) and Australia (+4.2% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, surging by 6.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 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 ($X per ton), while Indonesia ($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 (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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