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

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

The Japanese market for plastic plates, sheets, film, foil and strip dropped modestly to $X in 2021, with a decrease of -4% against the previous year. Overall, consumption saw a pronounced descent. The pace of growth appeared the most rapid in 2020 when the market value increased by 7.3% against the previous year. Consumption of peaked 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 Japan

In value terms, production of plastic plates, sheets, film, foil and strip dropped slightly to $X in 2021 estimated in export price. Overall, production saw a pronounced decline. The most prominent rate of growth was recorded in 2020 when the production volume increased by 9.1% against the previous year. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

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

Exports from Japan

In 2021, approx. X tons of plastic plates, sheets, film, foil and strip were exported from Japan; picking up by 12% against the year before. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of plastic plates, sheets, film, foil and strip rose significantly to $X in 2021. In general, exports, however, continue to indicate a mild setback. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for exports of plastic plates, sheets, film, foil and strip from Japan, accounting for a 38% share of total exports. Moreover, exports of plastic plates, sheets, film, foil and strip to China exceeded the volume sent to the second major destination, South Korea (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-3.8% per year) and Taiwan (Chinese) (-0.5% per year).

In value terms, the largest markets for plastic plate, sheet, film, foil and strip exported from Japan were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined 75% share of total exports. Hong Kong SAR, the United States, Germany, Vietnam, Thailand, Malaysia and the Philippines lagged somewhat behind, together comprising a further 18%.

Vietnam, with a CAGR of +11.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2021, flattening at the previous year. In general, the export price, however, saw a noticeable slump. The pace of growth was the most pronounced in 2020 an increase of 6.7%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Japan

In 2021, after two years of decline, there was significant growth in supplies from abroad of plastic plates, sheets, film, foil and strip, when their volume increased by 11% to X tons. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Malaysia (X tons) and South Korea (X tons) were the main suppliers of imports of plastic plates, sheets, film, foil and strip to Japan, with a combined 61% share of total imports. These countries were followed by Taiwan (Chinese), Indonesia, Thailand, Vietnam and the United States, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +23.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic plate, sheet, film, foil and strip suppliers to Japan were China ($X), South Korea ($X) and Malaysia ($X), with a combined 55% share of total imports. These countries were followed by Taiwan (Chinese), Indonesia, the United States, Thailand and Vietnam, which together accounted for a further 36%.

Among the main suppliers, Vietnam, with a CAGR of +16.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2021, with an increase of 5.2% against the previous year. Overall, the import price, however, showed a slight decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($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 (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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