Eastern Asia: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in Eastern Asia

In 2021, the East Asian plastic household ware market decreased by -10.7% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 9.5% against the previous year. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Plastic Household Ware Production in Eastern Asia

In value terms, plastic household ware production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 14% against the previous year. The level of production peaked at $X in 2020, and then declined slightly in the following year.

Plastic Household Ware Exports

Exports in Eastern Asia

For the fifth year in a row, Eastern Asia recorded growth in shipments abroad of plastics household articles and toilet articles, which increased by 19% to X tons in 2021. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +77.1% against 2016 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 33%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, plastic household ware exports skyrocketed to $X in 2021. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2014 when exports increased by 34%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X tons, which was near 94% of total exports in 2021. Taiwan (Chinese) (X tons) took a little share of total exports.

China was also the fastest-growing in terms of the plastics household articles and toilet articles exports, with a CAGR of +10.3% from 2012 to 2021. At the same time, Taiwan (Chinese) (+4.9%) displayed positive paces of growth. While the share of China (+7.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-1.7 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest plastic household ware supplier in Eastern Asia, comprising 94% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 3.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +16.5%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, growing by 9.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2016 an increase of 11% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while Taiwan (Chinese) stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.6%).

Plastic Household Ware Imports

Imports in Eastern Asia

In 2021, purchases abroad of plastics household articles and toilet articles was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, plastic household ware imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan was the main importer of plastics household articles and toilet articles in Eastern Asia, with the volume of imports accounting for X tons, which was near 41% of total imports in 2021. Hong Kong SAR (X tons) ranks second in terms of the total imports with a 24% share, followed by South Korea (21%), China (5.8%) and Taiwan (Chinese) (5%). Macao SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Macao SAR (with a CAGR of +13.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported plastics household articles and toilet articles in Eastern Asia, comprising 45% of total imports. The second position in the ranking was held by South Korea ($X), with a 20% share of total imports. It was followed by Hong Kong SAR, with a 19% share.

In Japan, plastic household ware imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+12.3% per year) and Hong Kong SAR (-3.1% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, rising by 4.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2013 when the import price increased by 4.6%. Over the period under review, import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Macao SAR ($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 (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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