Eastern Asia: Plastic Supports Market 2024

Plastic Supports Market Size in Eastern Asia

The East Asian plastic supports market dropped to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; afterwards, it flattened through to 2022.

Plastic Supports Production in Eastern Asia

In value terms, plastic supports production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 9.5%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Plastic Supports Exports

Exports in Eastern Asia

Plastic supports exports shrank modestly to X tons in 2022, declining by -3% against the previous year. The total export volume increased at an average annual rate of +1.3% over the period 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 with an increase of 23% against the previous year. As a result, the exports reached the peak of X tons, and then declined modestly in the following year.

In value terms, plastic supports exports expanded sharply to $X in 2022. Total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +84.8% against 2016 indices. The growth pace was the most rapid in 2021 when exports increased by 25% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

China was the key exporter of spools, cops, bobbins and similar supports of plastics in Eastern Asia, with the volume of exports amounting to X tons, which was near 57% of total exports in 2022. South Korea (X tons) took a 30% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (6%) and Japan (5.1%). Hong Kong SAR (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +3.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest plastic supports supplier in Eastern Asia, comprising 62% of total exports. The second position in the ranking was taken by South Korea ($X), with a 27% share of total exports. It was followed by Japan, with a 5% share.

In China, plastic supports exports expanded at an average annual rate of +5.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+6.4% per year) and Japan (-3.7% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, increasing by 9.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.5%), while the other leaders experienced more modest paces of growth.

Plastic Supports Imports

Imports in Eastern Asia

In 2022, imports of spools, cops, bobbins and similar supports of plastics in Eastern Asia declined to X tons, which is down by -14.5% against 2021. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 46%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, plastic supports imports fell slightly to $X in 2022. The total import value increased at an average annual rate of +1.6% 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 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of $X, and then dropped slightly in the following year.

Imports by Country

South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons) represented roughly 88% of total imports in 2022. It was distantly followed by Japan (X tons), comprising a 9.5% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +7.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic supports importing markets in Eastern Asia were South Korea ($X), China ($X) and Japan ($X), together accounting for 89% of total imports. Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together accounting for a further 11%.

Taiwan (Chinese), with a CAGR of +5.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, surging by 13% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2020; however, from 2021 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 South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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