China: Market for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2024

Market Size for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in China

The Chinese market for non-cellular plates, sheets, film, foil and strip of plastics stood at $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of +4.5% from 2012 to 2022; 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 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in China

In value terms, production of non-cellular plates, sheets, film, foil and strip of plastics stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 -1.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 28% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports from China

In 2022, exports of non-cellular plates, sheets, film, foil and strip of plastics from China fell slightly to X tons, reducing by -2.2% compared with 2021. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +82.3% against 2016 indices. The growth pace was the most rapid in 2017 when exports increased by 34%. Over the period under review, the exports of hit record highs at X tons in 2021, and then declined modestly in the following year.

In value terms, exports of non-cellular plates, sheets, film, foil and strip of plastics expanded significantly to $X in 2022. In general, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Vietnam (X tons), Indonesia (X tons) and the United States (X tons) were the main destinations of exports of non-cellular plates, sheets, film, foil and strip of plastics from China, together comprising 28% of total exports. Mexico, Malaysia, the Philippines, Russia, Canada, India, South Korea, Saudi Arabia, Myanmar and Thailand lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +28.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the United States ($X) and Indonesia ($X) appeared to be the largest markets for non-cellular plates, sheets, film, foil and strip of plastics exported from China worldwide, with a combined 25% share of total exports. Malaysia, Mexico, India, Russia, Canada, South Korea, the Philippines, Thailand, Myanmar and Saudi Arabia lagged somewhat behind, together accounting for a further 31%.

Among the main countries of destination, Myanmar, with a CAGR of +22.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for non-cellular plates, sheets, film, foil and strip of plastics stood at $X per ton in 2022, surging by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2016 when the average export price increased by 15% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Saudi Arabia ($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 India (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports into China

In 2022, supplies from abroad of non-cellular plates, sheets, film, foil and strip of plastics decreased by -15.7% to X tons, falling for the third year in a row after two years of growth. Overall, imports recorded a pronounced contraction. The growth pace was the most rapid in 2016 when imports increased by 35%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of non-cellular plates, sheets, film, foil and strip of plastics fell to $X in 2022. The total import value increased at an average annual rate of +1.1% 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 imports increased by 18% against the previous year. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

South Korea (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of imports of non-cellular plates, sheets, film, foil and strip of plastics to China, with a combined 45% share of total imports. Switzerland, Germany, Italy, Romania, the UK, France and India lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +15.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-cellular plates, sheets, film, foil and strip of plastics suppliers to China were Japan ($X), the United States ($X) and South Korea ($X), together comprising 62% of total imports. Germany, India, the UK, Italy, Switzerland, Romania and France lagged somewhat behind, together comprising a further 20%.

India, with a CAGR of +17.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for non-cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, surging by 13% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for non-cellular plates, sheets, film, foil and strip of plastics increased by +40.0% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 56%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 Japan ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform