Asia-Pacific: Plastic Supports Market 2024

Plastic Supports Market Size in Asia-Pacific

The Asia-Pacific plastic supports market declined slightly to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Plastic Supports Production in Asia-Pacific

In value terms, plastic supports production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by 12% against the previous year. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Plastic Supports Exports

Exports in Asia-Pacific

In 2022, the amount of spools, cops, bobbins and similar supports of plastics exported in Asia-Pacific contracted slightly to X tons, which is down by -2% compared with the previous year. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, plastic supports exports rose markedly to $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +74.9% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

China was the largest exporting country with an export of about X tons, which reached 42% of total exports. It was distantly followed by South Korea (X tons), Malaysia (X tons) and Thailand (X tons), together committing a 38% share of total exports. The following exporters - Taiwan (Chinese) (X tons), Japan (X tons), Singapore (X tons), India (X tons), Indonesia (X tons) and Hong Kong SAR (X tons) - together made up 19% of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +14.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest plastic supports supplier in Asia-Pacific, comprising 51% of total exports. The second position in the ranking was taken by South Korea ($X), with a 23% share of total exports. It was followed by Thailand, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value in China stood at +5.4%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+6.4% per year) and Thailand (+17.4% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, increasing by 9.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Thailand (+9.4%), while the other leaders experienced more modest paces of growth.

Plastic Supports Imports

Imports in Asia-Pacific

In 2022, approx. X tons of spools, cops, bobbins and similar supports of plastics were imported in Asia-Pacific; with a decrease of -11.1% on the previous year. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 33%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, plastic supports imports fell modestly to $X in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 28%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

South Korea (X tons), China (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) represented roughly 63% of total imports in 2022. Malaysia (X tons) held the next position in the ranking, followed by Vietnam (X tons), Japan (X tons) and Singapore (X tons). All these countries together held near 23% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +10.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic supports importing markets in Asia-Pacific were South Korea ($X), China ($X) and Thailand ($X), together comprising 59% of total imports.

Among the main importing countries, Thailand, with a CAGR of +13.1%, 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, rising by 12% against the previous year. Over the period under review, the import price saw mild growth. As a result, import price attained 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 South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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