Eastern Asia: Hard Plastic Comb Market 2024

Hard Plastic Comb Market Size in Eastern Asia

The East Asian hard plastic comb market shrank markedly to $X in 2022, waning by -20.4% against the previous year. Over the period under review, consumption showed a noticeable downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Hard Plastic Comb Production in Eastern Asia

In value terms, hard plastic comb production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2017 when the production volume increased by 47%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Hard Plastic Comb Exports

Exports in Eastern Asia

In 2022, the amount of hard rubber or plastic combs exported in Eastern Asia expanded rapidly to X tons, increasing by 14% against the previous year. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hard plastic comb exports surged to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +92.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, China (X tons) was the key exporter of hard rubber or plastic combs in Eastern Asia, committing 99% of total export.

China experienced a relatively flat trend pattern with regard to volume of exports of hard rubber or plastic combs. China (+5 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest hard plastic comb supplier in Eastern Asia.

In China, hard plastic comb exports increased at an average annual rate of +7.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, picking up by 13% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% 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 +47.1% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 30% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +7.0% per year.

Hard Plastic Comb Imports

Imports in Eastern Asia

In 2022, the amount of hard rubber or plastic combs imported in Eastern Asia shrank dramatically to X tons, with a decrease of -30.1% on 2021 figures. Overall, imports saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 43%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, hard plastic comb imports amounted to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Hong Kong SAR (X tons) and Japan (X tons) represented roughly 68% of total imports in 2022. It was distantly followed by China (X tons), South Korea (X tons), Democratic People's Republic of Korea (X tons) and Taiwan (Chinese) (X tons), together mixing up a 32% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Democratic People's Republic of Korea (with a CAGR of +13.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Hong Kong SAR ($X) were the countries with the highest levels of imports in 2022, with a combined 89% share of total imports.

Among the main importing countries, China, with a CAGR of +20.0%, 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

The import price in Eastern Asia stood at $X per ton in 2022, increasing by 44% against the previous year. Import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the import price increased by 54% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :