
China - Carboys, Bottles And Similar Articles Of Plastics - Market Analysis, Forecast, Size, Trends and Insights
China's Plastic Bottle Exports Skyrocket to $2.3B on Rising Demand from U.S., Japan and Thailand
IndexBox has just published a new report: 'China - Carboys, Bottles And Similar Articles Of Plastics - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
China's Plastic Bottle Exports
In 2020, exports of carboys, bottles and similar articles of plastics from China soared to 305K tons, with an increase of 27% against the year before. In value terms, supplies soared from $1.4B to $2.3B (IndexBox estimates).
The U.S. (79K tons) was the leading destination for plastic bottle exports from China, with a 26% share of total supplies. Moreover, plastic bottle exports to the U.S. exceeded the volume sent to the second major destination, Japan (19K tons), fourfold. The third position in this ranking was occupied by Vietnam (14K tons), with a 4.6% share.
In value terms, the U.S. ($587M) remains the key foreign market for plastic bottle exports from China, comprising 25% of total exports. The second position in the ranking was occupied by Japan ($186M), with a 7.9% share of the total value. It was followed by Thailand, with a 5.8% share.
In 2020, supplies to the U.S. and Japan rose by +52.7% y/y and +63.2% y/y, respectively, while exports to Thailand grew threefold.
The average plastic bottle export price stood at $7,704 per ton in 2020, picking up by 28% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Canada ($10,913 per ton), while the average price for exports to Nigeria ($2,956 per ton) was amongst the lowest. In 2020, export prices for Thailand doubled, while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the plastic bottle 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET
Join our live webinar to get insights into the global biogas market.
Thursday, November 18th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global plastic packaging market.
Tuesday, June 8th, 2021 @ 04:00 pm ET