Asia-Pacific: Plastic Support Market 2024

Plastic Support Market Size in Asia-Pacific

The Asia-Pacific plastic support market rose slightly to $X in 2022, with an increase of 2% against the previous year. Over the period under review, consumption, however, recorded a slight decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Plastic Support Production in Asia-Pacific

In value terms, plastic support production totaled $X in 2022 estimated in export price. Overall, production, however, showed a slight decline. The most prominent rate of growth was recorded in 2017 with an increase of 10% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Plastic Support Exports

Exports in Asia-Pacific

For the fifth consecutive year, Asia-Pacific recorded growth in overseas shipments of spools, cops and similar supports of plastics, which increased by 0.1% to X tons in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.2% against 2012 indices. The pace of growth was the most pronounced in 2016 with an increase of 17%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, plastic support exports reached $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +96.9% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, finishing at X tons, which was near 61% of total exports in 2022. Thailand (X tons) held the second position in the ranking, followed by South Korea (X tons), Malaysia (X tons), Taiwan (Chinese) (X tons) and India (X tons). All these countries together held near 30% share of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plastic support exports from China stood at +7.0%. At the same time, Taiwan (Chinese) (+8.1%), Malaysia (+7.3%), Thailand (+7.0%), South Korea (+5.5%) and India (+4.5%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +8.1% from 2012-2022. Singapore experienced a relatively flat trend pattern. While the share of China (+8.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic support supplier in Asia-Pacific, comprising 68% of total exports. The second position in the ranking was held by South Korea ($X), with a 6.8% share of total exports. It was followed by Thailand, with a 4.8% share.

In China, plastic support exports expanded at an average annual rate of +9.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (+7.2% per year) and Thailand (+7.7% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, rising by 4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2017 when the export price increased by 14%. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.6%), while the other leaders experienced more modest paces of growth.

Plastic Support Imports

Imports in Asia-Pacific

In 2022, the amount of spools, cops and similar supports of plastics imported in Asia-Pacific fell modestly to X tons, shrinking by -2.7% compared with 2021 figures. The total import volume increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 14%. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, plastic support imports amounted to $X in 2022. The total import value increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of plastic support imports in 2022 were Japan (X tons), Australia (X tons), Indonesia (X tons), South Korea (X tons), Thailand (X tons), Vietnam (X tons), China (X tons) and Malaysia (X tons), together resulting at 71% of total import. The Philippines (X tons), Taiwan (Chinese) (X tons), Singapore (X tons), India (X tons) and New Zealand (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +13.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, with a combined 38% share of total imports. Australia, Thailand, Indonesia, Vietnam, Singapore, India, Malaysia, the Philippines, New Zealand and Taiwan (Chinese) lagged somewhat behind, together comprising a further 55%.

Among the main importing countries, Vietnam, with a CAGR of +13.2%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, with an increase of 3.7% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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