Eastern Asia: Non-Cellular Polypropylene Film Market 2024

Non-Cellular Polypropylene Film Market Size in Eastern Asia

In 2021, the East Asian non-cellular polypropylene film market decreased by -6.9% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Non-Cellular Polypropylene Film Production in Eastern Asia

In value terms, non-cellular polypropylene film production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 16% against the previous year. The level of production peaked at $X in 2020, and then fell slightly in the following year.

Non-Cellular Polypropylene Film Exports

Exports in Eastern Asia

In 2021, approx. X tons of non-cellular polypropylene films, sheets, foil and strip were exported in Eastern Asia; rising by 19% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 25% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, non-cellular polypropylene film exports soared to $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) was the main exporter of non-cellular polypropylene films, sheets, foil and strip, achieving 66% of total exports. Taiwan (Chinese) (X tons) took the second position in the ranking, followed by South Korea (X tons) and Japan (X tons). All these countries together held approx. 32% share of total exports.

China was also the fastest-growing in terms of the non-cellular polypropylene films, sheets, foil and strip exports, with a CAGR of +7.0% from 2012 to 2021. At the same time, Japan (+2.9%), Taiwan (Chinese) (+2.8%) and South Korea (+1.7%) displayed positive paces of growth. While the share of China (+13 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-2 p.p.) and South Korea (-2.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-cellular polypropylene film supplier in Eastern Asia, comprising 56% of total exports. The second position in the ranking was taken by Japan ($X), with a 19% share of total exports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +7.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+0.7% per year) and South Korea (+1.7% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, increasing by 10% against the previous year. In general, the export price, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2016 when the export price increased by 17%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the other leaders experienced mixed trends in the export price figures.

Non-Cellular Polypropylene Film Imports

Imports in Eastern Asia

In 2021, overseas purchases of non-cellular polypropylene films, sheets, foil and strip were finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, continue to indicate a mild setback. The growth pace was the most rapid in 2016 with an increase of 12%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, non-cellular polypropylene film imports rose remarkably to $X in 2021. Overall, imports, however, showed a pronounced slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) and China (X tons) were the major importers of non-cellular polypropylene films, sheets, foil and strip in Eastern Asia, together achieving 68% of total imports. It was distantly followed by Taiwan (Chinese) (X tons) and South Korea (X tons), together comprising a 28% share of total imports. Hong Kong SAR (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +4.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X) constitutes the largest market for imported non-cellular polypropylene films, sheets, foil and strip in Eastern Asia, comprising 48% of total imports. The second position in the ranking was taken by Japan ($X), with a 24% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in China stood at -2.5%. In the other countries, the average annual rates were as follows: Japan (-0.6% per year) and South Korea (+0.8% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, picking up by 12% against the previous year. Over the period under review, the import price, however, showed a mild setback. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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