China: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in China

The Chinese market for self-adhesive plastic tape in rolls of a width under 20cm contracted to $X in 2022, which is down by -8% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in China

In value terms, production of self-adhesive plastic tape in rolls of a width under 20cm contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 37% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production of growth remained at a lower figure.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from China

In 2022, the amount of self-adhesive plastic tape in rolls of a width under 20cm exported from China surged to X tons, rising by 20% against the previous year's figure. Overall, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +72.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm soared to $X in 2022. In general, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.1% 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 +75.1% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by 26%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from China, accounting for a 8.8% share of total exports. Moreover, exports of self-adhesive plastic tape in rolls of a width under 20cm to the United States exceeded the volume sent to the second major destination, Japan (X tons), twofold. The third position in this ranking was taken by Mexico (X tons), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+3.4% per year) and Mexico (+12.8% per year).

In value terms, the United States ($X), Vietnam ($X) and the Philippines ($X) were the largest markets for self-adhesive plastic tape in rolls of a width under 20cm exported from China worldwide, with a combined 18% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +27.2%, saw 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

In 2022, the average export price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, picking up by 3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2021 when the average export price increased by 16%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 Vietnam ($X per ton), while the average price for exports to Russia ($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 Thailand (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into China

In 2022, imports of self-adhesive plastic tape in rolls of a width under 20cm into China reduced to X tons, with a decrease of -12.6% against 2021. Overall, imports recorded a noticeable decrease. The growth pace was the most rapid in 2014 with an increase of 20%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm dropped to $X in 2022. The total import value increased at an average annual rate of +1.4% 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 with an increase of 19% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

South Korea (X tons), Japan (X tons) and the United States (X tons) were the main suppliers of imports of self-adhesive plastic tape in rolls of a width under 20cm to China, with a combined 70% share of total imports. Germany, Thailand, Belgium and Italy lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +3.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest self-adhesive plastic tape in rolls of a width under 20cm suppliers to China were Japan ($X), South Korea ($X) and the United States ($X), together accounting for 58% of total imports. Germany, Belgium, Italy and Thailand lagged somewhat behind, together comprising a further 14%.

Germany, with a CAGR of +11.4%, saw the highest rates of growth with regard to the value of imports, in terms of 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 self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, surging by 8.1% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 self-adhesive plastic tape in rolls of a width under 20cm increased by +45.1% against 2015 indices. The most prominent rate of growth was recorded in 2015 an increase of 27%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 Germany ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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