Asia: Plastic Supports Market 2024

Plastic Supports Market Size in Asia

The Asian plastic supports market dropped modestly to $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of +3.4% over the period 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 Supports Production in Asia

In value terms, plastic supports production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% 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 was the most pronounced in 2018 when the production volume increased by 13%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Plastic Supports Exports

Exports in Asia

Plastic supports exports dropped slightly to X tons in 2022, stabilizing at 2021 figures. The total export volume increased at an average annual rate of +2.7% over the period 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 exports increased by 27%. As a result, the exports attained the peak of X tons, and then reduced modestly in the following year.

In value terms, plastic supports exports stood at $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +83.0% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

China was the main exporting country with an export of about X tons, which reached 40% of total exports. South Korea (X tons) held a 21% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (9.9%) and Thailand (5.4%). Taiwan (Chinese) (X tons), Turkey (X tons), Japan (X tons), Singapore (X tons), India (X tons), Indonesia (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

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 ($X) remains the largest plastic supports supplier in Asia, comprising 49% of total exports. The second position in the ranking was taken by South Korea ($X), with a 22% share of total exports. It was followed by Thailand, with a 5.7% share.

In China, plastic supports exports expanded at an average annual rate of +5.4% over the period from 2012-2022. 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

The export price in Asia stood at $X per ton in 2022, increasing by 8.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2018 an increase of 11% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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 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

In 2022, the amount of spools, cops, bobbins and similar supports of plastics imported in Asia contracted to X tons, waning by -9.5% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.7% 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 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, plastic supports imports amounted to $X in 2022. The total import value increased at an average annual rate of +3.7% over the period 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 2014 with an increase of 29%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

South Korea (X tons), China (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) represented roughly 58% of total imports in 2022. Malaysia (X tons) ranks next in terms of the total imports with a 6.2% share, followed by Vietnam (5.9%), Turkey (5.2%) and Japan (5%). Singapore (X tons), Indonesia (X tons), India (X tons) and Bangladesh (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +13.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, with a combined 55% share of total imports.

In terms of the main importing countries, Thailand, with a CAGR of +13.1%, saw 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

The import price in Asia stood at $X per ton in 2022, growing by 11% 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.

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 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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