Asia: Plastic Packaging Market 2024

Plastic Packaging Market Size in Asia

The Asian plastic packaging market fell modestly to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Plastic Packaging Production in Asia

In value terms, plastic packaging production contracted to $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Plastic Packaging Exports

Exports in Asia

In 2022, exports of plastic packaging in Asia totaled X tons, approximately reflecting the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, plastic packaging exports rose to $X in 2022. Total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

China was the key exporting country with an export of about X tons, which amounted to X% of total exports. Vietnam (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%), Thailand (X%), Malaysia (X%) and India (X%). Taiwan (Chinese) (X tons), South Korea (X tons), Indonesia (X tons), Saudi Arabia (X tons) and Israel (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic packaging exports from China stood at X%. At the same time, Vietnam (X%), Saudi Arabia (X%), Turkey (X%), India (X%), South Korea (X%), Israel (X%), Taiwan (Chinese) (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and China saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Saudi Arabia ($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 (X%), while the other leaders experienced more modest paces of growth.

Plastic Packaging Imports

Imports in Asia

In 2022, supplies from abroad of plastic packaging increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, plastic packaging imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Japan was the main importing country with an import of around X tons, which recorded X% of total imports. South Korea (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%). The following importers - China (X tons), Hong Kong SAR (X tons), the Philippines (X tons), Iraq (X tons), Vietnam (X tons), Kazakhstan (X tons), Indonesia (X tons), Singapore (X tons), Turkey (X tons) and Malaysia (X tons) - together made up X% of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of plastic packaging. At the same time, the Philippines (X%), Vietnam (X%), Turkey (X%), Kazakhstan (X%), Thailand (X%), South Korea (X%), Iraq (X%), Malaysia (X%), Indonesia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. China experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of the Philippines (X p.p.), Vietnam (X p.p.), Thailand (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (X p.p.), Hong Kong SAR (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported plastic packaging in Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by China, with an X% share.

In Japan, plastic packaging imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and China (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, stabilizing at the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :