Eastern Asia: Market for Plastic Tableware And Kitchenware 2024

Market Size for Plastic Tableware And Kitchenware in Eastern Asia

In 2022, the East Asian plastic tableware and kitchenware market decreased by -7.9% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -21.7% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Plastic Tableware And Kitchenware in Eastern Asia

In value terms, plastic tableware and kitchenware production totaled $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.0% 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 -1.2% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 20% against the previous year. 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.

Exports of Plastic Tableware And Kitchenware

Exports in Eastern Asia

In 2022, approx. X tons of plastic tableware and kitchenware were exported in Eastern Asia; with an increase of 8.8% against the year before. Over the period under review, exports saw a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by 33%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, plastic tableware and kitchenware exports soared to $X in 2022. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 34%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. 95% of total exports in 2022. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the plastic tableware and kitchenware exports, with a CAGR of +9.6% from 2012 to 2022. At the same time, Taiwan (Chinese) (+6.2%) displayed positive paces of growth. While the share of China (+7.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic tableware and kitchenware supplier in Eastern Asia, comprising 96% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 3.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +15.3%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, rising by 6.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2016 an increase of 14%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%).

Imports of Plastic Tableware And Kitchenware

Imports in Eastern Asia

In 2022, the amount of plastic tableware and kitchenware imported in Eastern Asia shrank to X tons, almost unchanged from the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 7.9% against the previous year. As a result, imports attained the peak of X tons, leveling off in the following year.

In value terms, plastic tableware and kitchenware imports expanded to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The countries with the highest levels of plastic tableware and kitchenware imports in 2022 were Japan (X tons), Hong Kong SAR (X tons) and South Korea (X tons), together reaching 85% of total import. It was distantly followed by China (X tons), constituting a 4.8% share of total imports. Democratic People's Republic of Korea (X tons), Taiwan (Chinese) (X tons) and Macao SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Democratic People's Republic of Korea (with a CAGR of +18.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic tableware and kitchenware importing markets in Eastern Asia were Japan ($X), Hong Kong SAR ($X) and South Korea ($X), with a combined 83% share of total imports. China, Taiwan (Chinese), Democratic People's Republic of Korea and Macao SAR lagged somewhat behind, together accounting for a further 17%.

In terms of the main importing countries, Democratic People's Republic of Korea, with a CAGR of +19.7%, saw 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 import price in Eastern Asia amounted to $X per ton, surging by 5.2% against the previous year. Overall, the import price recorded mild growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Macao SAR ($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) (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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