Eastern Asia: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Eastern Asia

The East Asian market for plastic plates, sheets, film, foil and strip dropped to $X in 2021, reducing by -5.1% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 7.7%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Plastic Plates, Sheets, Film, Foil And Strip in Eastern Asia

In value terms, production of plastic plates, sheets, film, foil and strip shrank slightly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 8.3% against the previous year. As a result, production attained the peak level of $X, and then shrank slightly in the following year.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports in Eastern Asia

Exports of plastic plates, sheets, film, foil and strip rose remarkably to X tons in 2021, picking up by 11% on the year before. The total export volume increased at an average annual rate of +5.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 16%. Over the period under review, the exports of hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, exports of plastic plates, sheets, film, foil and strip surged 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

China was the major exporter of plastic plates, sheets, film, foil and strip in Eastern Asia, with the volume of exports reaching X tons, which was approx. 63% of total exports in 2021. South Korea (X tons) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Japan (11%) and Taiwan (Chinese) (9.9%). Hong Kong SAR (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the plastic plates, sheets, film, foil and strip exports, with a CAGR of +9.0% from 2012 to 2021. At the same time, South Korea (+4.2%) and Japan (+1.4%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-8.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +17 percentage points.

In value terms, the largest plastic plate, sheet, film, foil and strip supplying countries in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together accounting for 88% of total exports.

Among the main exporting countries, China, with a CAGR of +10.5%, recorded 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

The export price in Eastern Asia stood at $X per ton in 2021, rising by 7.6% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable descent. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat 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 ($X per ton), while China ($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 (+3.9%), while the other leaders experienced more modest paces of growth.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports in Eastern Asia

After two years of decline, overseas purchases of plastic plates, sheets, film, foil and strip increased by 8.1% to X tons in 2021. The total import volume increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of plastic plates, sheets, film, foil and strip expanded markedly to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China represented the major importing country with an import of around X tons, which resulted at 39% of total imports. Japan (X tons) held the second position in the ranking, followed by South Korea (X tons) and Taiwan (Chinese) (X tons). All these countries together held approx. 56% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Taiwan (Chinese) (with a CAGR of +4.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported plastic plates, sheets, film, foil and strip in Eastern Asia, comprising 55% of total imports. The second position in the ranking was held by South Korea ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +2.0%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-4.1% per year) and Taiwan (Chinese) (-1.0% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, with an increase of 5.1% against the previous year. In general, the import price, however, continues to indicate a slight reduction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Japan ($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 (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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