China - Plastic Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Bag Price in China Increases Modestly to $3,975 per Ton
China Plastic Bag Export Price in March 2023
In March 2023, the plastic bag price amounted to $3,975 per ton (FOB, China), growing by 8% against the previous month. In general, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $4,041 per ton in December 2022; afterwards, it flattened through to March 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($7,058 per ton), while the average price for exports to Kazakhstan ($2,305 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Export Price of Plastic Bag in China (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Malaysia | 7,213 | 6,719 | 8,081 | 8,595 | 7,827 | 7,148 | 7,806 | 7,795 | 7,711 | 7,928 | 6,500 | 5,677 | 7,058 |
| Philippines | 5,241 | 5,590 | 4,994 | 4,847 | 4,545 | 4,343 | 4,362 | 4,996 | 4,903 | 5,526 | 5,054 | 4,803 | 5,577 |
| Vietnam | 6,163 | 6,315 | 5,962 | 6,214 | 5,861 | 6,181 | 6,120 | 5,451 | 5,982 | 6,273 | 5,062 | 5,553 | 5,425 |
| Thailand | 5,186 | 4,994 | 4,946 | 5,328 | 5,319 | 5,418 | 5,603 | 5,743 | 5,488 | 5,627 | 4,546 | 4,428 | 4,930 |
| Australia | 3,881 | 3,807 | 3,870 | 4,253 | 4,121 | 4,076 | 4,267 | 4,203 | 4,067 | 4,832 | 4,630 | 4,357 | 4,906 |
| Mexico | 4,576 | 4,009 | 4,239 | 4,901 | 4,247 | 4,129 | 4,325 | 4,816 | 4,122 | 4,835 | 4,416 | 3,966 | 4,700 |
| United States | 3,700 | 4,081 | 3,816 | 4,024 | 4,008 | 4,008 | 4,290 | 4,490 | 4,334 | 4,160 | 4,305 | 4,280 | 4,515 |
| United Kingdom | 3,708 | 3,426 | 3,428 | 3,507 | 3,506 | 3,312 | 4,000 | 4,083 | 4,210 | 3,294 | 3,452 | 3,965 | 3,417 |
| Canada | 3,716 | 3,885 | 3,816 | 3,670 | 3,597 | 3,571 | 3,909 | 4,374 | 3,563 | 3,842 | 3,885 | 3,775 | 3,343 |
| Netherlands | 3,170 | 3,302 | 3,323 | 3,237 | 3,487 | 3,304 | 3,341 | 3,793 | 3,419 | 3,064 | 3,020 | 3,037 | 3,046 |
| Japan | 2,839 | 2,787 | 2,840 | 2,916 | 2,788 | 2,778 | 2,835 | 2,642 | 2,806 | 2,769 | 2,638 | 2,519 | 2,731 |
| Germany | 2,884 | 3,015 | 2,833 | 3,092 | 3,016 | 2,446 | 2,592 | 2,775 | 2,913 | 2,463 | 2,894 | 2,934 | 2,717 |
| Kazakhstan | 1,988 | 2,191 | 2,883 | 2,724 | 2,952 | 2,828 | 3,375 | 2,540 | 3,059 | 2,958 | 2,677 | 2,594 | 2,305 |
| Average | 3,703 | 3,883 | 3,769 | 3,983 | 3,872 | 3,784 | 3,987 | 3,996 | 4,018 | 4,041 | 3,785 | 3,681 | 3,975 |
China Plastic Bag Export Prices by Type
Prices varied noticeably by the product type; the product with the highest price was plastics ($6,266 per ton), while the average price for exports of sacks and bags of polymers of ethylene totaled $3,099 per ton.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for the following types: plastics; sacks and bags (including cones), for the conveyance or packing of goods, of plastics other than ethylene polymers (+1.0%).
China Plastic Bag Exports
In March 2023, overseas shipments of plastic sacks and bags were finally on the rise to reach 143K tons for the first time since July 2022, thus ending a seven-month declining trend. The total export volume increased at an average monthly rate of +1.0% from March 2022 to March 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months.
In value terms, plastic bag exports soared to $567M (IndexBox estimates) in March 2023. The total export value increased at an average monthly rate of +1.6% over the period from March 2022 to March 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
China Plastic Bag Exports by Type
Sacks and bags of polymers of ethylene (103K tons) was the largest type of plastic bag exported from China, with a 72% share of total exports. Moreover, sacks and bags of polymers of ethylene exceeded the volume of the second product type, plastics (39K tons), threefold.
From March 2022 to March 2023, the average monthly rate of growth in terms of the volume of export of sacks and bags of polymers of ethylene was relatively modest.
In value terms, sacks and bags of polymers of ethylene ($319M) and plastics ($247M) appeared to be the most exported types of plastic sacks and bags from China worldwide.
Plastics; sacks and bags (including cones), for the conveyance or packing of goods, of plastics other than ethylene polymers, with a CAGR of +2.2%, recorded the highest growth rate of the value of exports, in terms of the main product categories over the period under review.
China Plastic Bag Exports by Country
The United States (29K tons), Japan (17K tons) and Australia (6.4K tons) were the main destinations of plastic bag exports from China, together accounting for 37% of total exports. These countries were followed by the Netherlands, the UK, Canada, Germany, Thailand, Vietnam, Kazakhstan, the Philippines, Malaysia and Mexico, which together accounted for a further 26%.
From March 2022 to March 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +7.3%), while the other leaders experienced more modest paces of growth.
In value terms, the United States ($132M) remains the key foreign market for plastic bag exports from China, comprising 23% of total exports. The second position in the ranking was taken by Japan ($46M), with an 8.1% share of total exports. It was followed by Australia, with a 5.5% share.
From March 2022 to March 2023, the average monthly growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (+0.1% per month) and Australia (+2.9% per month).
This report provides an in-depth analysis of the plastic bag market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
- Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
