Asia: Non-Cellular Polyethylene Film Market 2024

Non-Cellular Polyethylene Film Market Size in Asia

The Asian non-cellular polyethylene film market expanded markedly to $X in 2021, increasing by 5.8% against the previous year. The market value increased at an average annual rate of +3.7% 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 attained 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

In value terms, non-cellular polyethylene film production expanded markedly to $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 20%. 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

For the tenth consecutive year, Asia recorded growth in overseas shipments of non-cellular polyethylene films, sheets, foil and strip, which increased by 14% to X tons in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.1% 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 +100.9% against 2012 indices. As a result, the exports reached 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 increase from 2012 to 2021: its value increased at an average annual rate of +7.7% 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 +62.0% against 2014 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) was the largest exporter of non-cellular polyethylene films, sheets, foil and strip, committing 37% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 16% share, followed by Turkey (11%), Saudi Arabia (7.9%) and Thailand (4.9%). Japan (X tons), South Korea (X tons), Vietnam (X tons), India (X tons), Indonesia (X tons) and Israel (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +11.3% from 2012 to 2021. At the same time, Vietnam (+22.6%), India (+21.6%), Turkey (+14.2%), Saudi Arabia (+10.4%), Indonesia (+5.3%), Malaysia (+4.8%), South Korea (+4.3%), Thailand (+4.0%), Israel (+3.0%) and Japan (+1.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +22.6% from 2012-2021. From 2012 to 2021, the share of China, Turkey, Vietnam and India increased by +8.6, +4.3, +1.9 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-cellular polyethylene film supplier in Asia, comprising 44% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total exports. It was followed by Turkey, with a 10% 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 Turkey (+12.1% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, rising by 13% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Saudi Arabia ($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 more modest paces of growth.

Non-Cellular Polyethylene Film Imports

Imports in Asia

Non-cellular polyethylene film imports was estimated at X tons in 2021, picking up by 3.3% compared with 2020. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% 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 +65.2% against 2012 indices. The most prominent rate of growth was recorded in 2016 with an increase of 10%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, non-cellular polyethylene film imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of non-cellular polyethylene films, sheets, foil and strip, namely Japan, China, South Korea, Malaysia, Turkey, Singapore, Vietnam, Indonesia, India, Thailand, Hong Kong SAR and Myanmar, represented more than two-thirds of total import. The United Arab Emirates (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +33.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported non-cellular polyethylene films, sheets, foil and strip in Asia, comprising 29% of total imports. The second position in the ranking was taken by Japan ($X), with a 12% share of total imports. It was followed by South Korea, with a 6% 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 South Korea (+5.5% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, growing by 6.8% against the previous year. Overall, the import price, however, showed a slight downturn. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Myanmar ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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