China: Plastic Supports Market 2025

Plastic Supports Market Size in China

The Chinese plastic supports market stood at $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Plastic supports consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Plastic Supports Production in China

In value terms, plastic supports production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 15%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Plastic Supports Exports

Exports from China

In 2022, approx. X tons of spools, cops, bobbins and similar supports of plastics were exported from China; which is down by -2.3% against the previous year's figure. In general, total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% 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 +76.1% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year. As a result, the exports reached the peak of X tons, and then declined modestly in the following year.

In value terms, plastic supports exports surged to $X in 2022. Overall, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by 38%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), South Korea (X tons) and Japan (X tons) were the main destinations of plastic supports exports from China, with a combined 27% share of total exports. Vietnam, the Philippines, India, Ghana, Malaysia, Thailand, Indonesia, Burkina Faso, Mexico and Angola lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of +241.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic supports exported from China were Japan ($X), South Korea ($X) and the United States ($X), with a combined 42% share of total exports. Malaysia, Vietnam, India, Thailand, Indonesia, the Philippines, Mexico, Ghana, Burkina Faso and Angola lagged somewhat behind, together comprising a further 21%.

Burkina Faso, with a CAGR of +226.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic supports export price stood at $X per ton in 2022, increasing by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Malaysia ($X per ton), while the average price for exports to Burkina Faso ($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 South Korea (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Supports Imports

Imports into China

In 2022, supplies from abroad of spools, cops, bobbins and similar supports of plastics increased by 15% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, plastic supports imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 19%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

South Korea (X tons), Japan (X tons) and Singapore (X tons) were the main suppliers of plastic supports imports to China, with a combined 51% share of total imports. The United States, Vietnam, Germany and Malaysia lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +31.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Japan ($X) and the United States ($X) were the largest plastic supports suppliers to China, together comprising 64% of total imports. Singapore, Germany, Malaysia and Vietnam lagged somewhat behind, together accounting for a further 8.3%.

Among the main suppliers, Singapore, with a CAGR of +22.5%, recorded 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

In 2022, the average plastic supports import price amounted to $X per ton, declining by -4.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2014 when the average import price increased by 14%. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 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 Japan ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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