Eastern Asia: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Eastern Asia

The East Asian market for self-adhesive plastic tape in rolls of a width under 20cm shrank to $X in 2022, waning by -4.8% against the previous year. Overall, consumption continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2016 with an increase of 7.5% against the previous year. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Eastern Asia

In value terms, production of self-adhesive plastic tape in rolls of a width under 20cm reduced modestly to $X in 2022 estimated in export price. In general, production showed a pronounced slump. The most prominent rate of growth was recorded in 2016 with an increase of 17% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a somewhat lower figure.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports in Eastern Asia

In 2022, the amount of self-adhesive plastic tape in rolls of a width under 20cm exported in Eastern Asia skyrocketed to X tons, growing by 15% compared with 2021. The total export volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by 24% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm totaled $X in 2022. The total export value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 22%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

China dominates 20cm structure, reaching X tons, which was approx. 83% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), creating a 9% share of total exports. The following exporters - South Korea (X tons) and Japan (X tons) - together made up 7.2% of total exports.

China was also the fastest-growing in terms of the self-adhesive plastic tape in rolls of a width under 20cm exports, with a CAGR of +5.2% from 2012 to 2022. South Korea experienced a relatively flat trend pattern. Japan (-1.3%) and Taiwan (Chinese) (-6.5%) illustrated a downward trend over the same period. While the share of China (+19 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-13.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest self-adhesive plastic tape in rolls of a width under 20cm supplier in Eastern Asia, comprising 68% of total exports. The second position in the ranking was taken by Japan ($X), with a 13% share of total exports. It was followed by South Korea, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +8.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-2.7% per year) and South Korea (+1.3% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, waning by -4.7% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 14% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports in Eastern Asia

Imports of self-adhesive plastic tape in rolls of a width under 20cm declined to X tons in 2022, with a decrease of -4.4% on the previous year's figure. In general, imports saw a slight decline. The most prominent rate of growth was recorded in 2014 with an increase of 12%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm declined to $X in 2022. Overall, imports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of 16%. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) represented the main importer of self-adhesive plastic tape in rolls of a width under 20cm, making up 52% of total imports. South Korea (X tons) ranks second in terms of the total imports with a 19% share, followed by China (18%) and Hong Kong SAR (6.4%). Taiwan (Chinese) (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to self-adhesive plastic tape in rolls of a width under 20cm imports into Japan stood at +2.8%. At the same time, Taiwan (Chinese) (+10.4%) and South Korea (+3.4%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +10.4% from 2012-2022. By contrast, China (-3.7%) and Hong Kong SAR (-14.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan, South Korea and Taiwan (Chinese) increased by +17, +6.6 and +2.2 percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported self-adhesive plastic tape in rolls of a width under 20cm in Eastern Asia, comprising 53% of total imports. The second position in the ranking was taken by Japan ($X), with a 24% share of total imports. It was followed by South Korea, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +1.4%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+1.3% per year) and South Korea (+0.5% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, which is down by -6.3% against the previous year. In general, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when the import price increased by 11% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 2022, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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