Asia-Pacific: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Asia-Pacific

The Asia-Pacific ethylene polymer bag market reached $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Ethylene Polymer Bag Production in Asia-Pacific

In value terms, ethylene polymer bag production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 15% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Ethylene Polymer Bag Exports

Exports in Asia-Pacific

Ethylene polymer bag exports amounted to X tons in 2022, surging by 2.8% compared with the year before. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 24%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, ethylene polymer bag exports rose slightly to $X in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

China represented the major exporting country with an export of around X tons, which amounted to 44% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a 22% share, followed by Thailand (11%) and Malaysia (7.1%). India (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +11.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest ethylene polymer bag supplier in Asia-Pacific, comprising 50% of total exports. The second position in the ranking was held by Vietnam ($X), with a 16% share of total exports. It was followed by Thailand, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +3.3%. In the other countries, the average annual rates were as follows: Vietnam (+11.1% per year) and Thailand (+3.1% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2021 when the export price increased by 14%. Over the period under review, the export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the other leaders experienced more modest paces of growth.

Ethylene Polymer Bag Imports

Imports in Asia-Pacific

In 2022, after three years of decline, there was growth in supplies from abroad of sacks and bags of polymers of ethylene, when their volume increased by 3.5% to X tons. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2016 when imports increased by 6%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, ethylene polymer bag imports rose notably to $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan represented the main importer of sacks and bags of polymers of ethylene in Asia-Pacific, with the volume of imports resulting at X tons, which was near 53% of total imports in 2022. Australia (X tons) ranks second in terms of the total imports with an 18% share, followed by Hong Kong SAR (6.7%). Vietnam (X tons), Thailand (X tons), Singapore (X tons), Indonesia (X tons), New Zealand (X tons) and South Korea (X tons) followed a long way behind the leaders.

Japan experienced a relatively flat trend pattern with regard to volume of imports of sacks and bags of polymers of ethylene. At the same time, Thailand (+18.8%), South Korea (+14.3%), Vietnam (+13.1%), Indonesia (+4.5%), Australia (+2.4%) and Singapore (+1.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +18.8% from 2012-2022. By contrast, New Zealand (-1.2%) and Hong Kong SAR (-3.0%) illustrated a downward trend over the same period. While the share of Australia (+2.2 p.p.), Thailand (+2 p.p.) and Vietnam (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (-3.4 p.p.) and Japan (-6.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported sacks and bags of polymers of ethylene in Asia-Pacific, comprising 46% of total imports. The second position in the ranking was held by Australia ($X), with an 18% share of total imports. It was followed by Hong Kong SAR, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value in Japan was relatively modest. In the other countries, the average annual rates were as follows: Australia (+4.3% per year) and Hong Kong SAR (-2.5% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, rising by 6.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 when the import price increased by 9.5% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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