China: Hard Plastic Comb Market 2024

Hard Plastic Comb Market Size in China

In 2022, the Chinese hard plastic comb market decreased by -36.6% to $X, falling for the third consecutive year after three years of growth. In general, consumption recorded a perceptible setback. Hard plastic comb consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Hard Plastic Comb Production in China

In value terms, hard plastic comb production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight slump. The pace of growth appeared the most rapid in 2017 with an increase of 64% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Hard Plastic Comb Exports

Exports from China

In 2022, the amount of hard rubber or plastic combs exported from China skyrocketed to X tons, with an increase of 15% on the previous year. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, hard plastic comb exports surged to $X in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.4% 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 +104.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 51% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for hard plastic comb exports from China, accounting for a 21% share of total exports. Moreover, hard plastic comb exports to the United States exceeded the volume sent to the second major destination, India (X tons), fourfold. Pakistan (X tons) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+2.1% per year) and Pakistan (+6.9% per year).

In value terms, the United States ($X) remains the key foreign market for hard rubber or plastic combs exports from China, comprising 24% of total exports. The second position in the ranking was held by India ($X), with a 4.5% share of total exports. It was followed by the UK, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+10.6% per year) and the UK (+7.7% per year).

Export Prices by Country

In 2022, the average hard plastic comb export price amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hard plastic comb export price increased by +52.6% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Pakistan ($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 the Philippines (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hard Plastic Comb Imports

Imports into China

In 2022, imports of hard rubber or plastic combs into China surged to X tons, with an increase of 51% compared with the previous year's figure. In general, imports posted a strong increase. The pace of growth appeared the most rapid in 2019 when imports increased by 86%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, hard plastic comb imports surged to $X in 2022. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 65% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Cambodia (X tons), the UK (X tons) and Bangladesh (X tons) were the main suppliers of hard plastic comb imports to China, with a combined 53% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +594.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of hard rubber or plastic combs to China, comprising 23% of total imports. The second position in the ranking was taken by France ($X), with a 7.5% share of total imports. It was followed by Malaysia, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +52.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.9% per year) and Malaysia (+59.9% per year).

Import Prices by Country

In 2022, the average hard plastic comb import price amounted to $X per ton, declining by -21.3% against the previous year. Over the period under review, the import price, however, posted a remarkable increase. The growth pace was the most rapid in 2017 an increase of 125% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :