China: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in China

In 2022, the Chinese compound plasticisers market decreased by X% to $X, falling for the fifth consecutive year after two years of growth. In general, consumption saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Compound plasticisers consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Compound Plasticisers Production in China

In value terms, compound plasticisers production declined slightly to $X in 2022 estimated in export price. In general, production showed a pronounced downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. Compound plasticisers production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Compound Plasticisers Exports

Exports from China

For the fourth year in a row, China recorded growth in overseas shipments of compound plasticisers for rubber or plastics, which increased by X% to X tons in 2022. Over the period under review, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, compound plasticisers exports rose sharply to $X in 2022. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Vietnam (X tons), Indonesia (X tons) and South Korea (X tons) were the main destinations of compound plasticisers exports from China, with a combined X% share of total exports. Thailand, the Philippines, India, Japan, Taiwan (Chinese), Malaysia, the United Arab Emirates, Bangladesh, Russia and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for compound plasticisers for rubber or plastics exports from China, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the average compound plasticisers export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, showed a mild downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Compound Plasticisers Imports

Imports into China

In 2022, approx. X tons of compound plasticisers for rubber or plastics were imported into China; with a decrease of X% on the previous year. Overall, imports saw a noticeable reduction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, compound plasticisers imports shrank dramatically to $X in 2022. Over the period under review, imports showed a slight decline. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Taiwan (Chinese) (X tons) and Germany (X tons) were the main suppliers of compound plasticisers imports to China, with a combined X% share of total imports. Japan, the United States and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest compound plasticisers suppliers to China were Malaysia ($X), Germany ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average compound plasticisers import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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