China - Plastic Containers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Container Price in China - 2023
Contents:
- Plastic Container Price in China (FOB) - 2023
- Plastic Container Price in China (CIF) - 2023
- Plastic Container Exports in China
- Plastic Container Imports in China
Plastic Container Price in China (FOB) - 2023
The average plastic container export price stood at $6,463 per ton in June 2023, picking up by 7.3% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 21% m-o-m. As a result, the export price reached the peak level of $7,924 per ton. From April 2023 to June 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($15,805 per ton), while the average price for exports to the Philippines ($3,853 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Container Price in China (CIF) - 2023
In June 2023, the average plastic container import price amounted to $4,016 per ton, waning by -7.2% against the previous month. In general, the import price recorded a pronounced slump. The growth pace was the most rapid in March 2023 an increase of 8.1% month-to-month. Over the period under review, average import prices hit record highs at $5,242 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($9,953 per ton), while the price for Vietnam ($1,492 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Thailand (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Plastic Container Exports in China
In 2022, approx. 296K tons of plastic containers were exported from China; surging by 2.7% compared with 2021 figures. The total export volume increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 16% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, plastic container exports expanded significantly to $2.2B in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 31%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
Export of Plastic Container in China (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 212 | 236 | 283 | 328 | 15.7% |
South Korea | 77.4 | 216 | 233 | 224 | 42.5% |
Malaysia | 66.3 | 91.6 | 125 | 153 | 32.1% |
Australia | 54.2 | 70.1 | 88.8 | 140 | 37.2% |
Singapore | 54.4 | 93.3 | 65.9 | 137 | 36.1% |
Japan | 77.1 | 91.3 | 120 | 135 | 20.5% |
Taiwan (Chinese) | 72.1 | 72.9 | 98.4 | 92.9 | 8.8% |
Thailand | 30.7 | 48.3 | 77.7 | 82.6 | 39.1% |
Hong Kong SAR | 74.4 | 71.9 | 83.4 | 75.6 | 0.5% |
Vietnam | 46.9 | 70.6 | 63.5 | 73.7 | 16.3% |
Philippines | 38.3 | 48.4 | 65.0 | 71.6 | 23.2% |
Indonesia | 25.0 | 27.0 | 48.2 | 60.1 | 34.0% |
Germany | 18.3 | 20.8 | 23.7 | 30.8 | 19.0% |
Others | 380 | 446 | 553 | 554 | 13.4% |
Total | 1,227 | 1,605 | 1,929 | 2,160 | 20.7% |
Top Export Markets for Plastic Container from China in 2022:
- United States (35.7K tons)
- South Korea (28.9K tons)
- Taiwan (Chinese) (19.6K tons)
- Japan (17.6K tons)
- Australia (16.2K tons)
- Hong Kong SAR (14.1K tons)
- Vietnam (12.5K tons)
- Indonesia (12.0K tons)
- Malaysia (11.9K tons)
- Singapore (11.2K tons)
- Philippines (10.6K tons)
- Thailand (10.2K tons)
- Germany (5.9K tons)
Plastic Container Imports in China
In 2022, after two years of decline, there was significant growth in supplies from abroad of plastic containers, when their volume increased by 27% to 42K tons. Overall, imports, however, saw a abrupt decline.
In value terms, plastic container imports rose modestly to $238M in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year.
Import of Plastic Container in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 76.7 | 58.8 | 63.4 | 61.8 | -6.9% |
South Korea | 58.5 | 52.4 | 57.1 | 58.4 | -0.1% |
Taiwan (Chinese) | 36.3 | 33.1 | 38.6 | 44.6 | 7.1% |
United States | 22.6 | 20.3 | 19.8 | 19.9 | -4.2% |
Malaysia | 13.9 | 11.4 | 14.4 | 16.3 | 5.5% |
Germany | 13.0 | 8.4 | 9.7 | 10.9 | -5.7% |
Thailand | 3.7 | 4.9 | 4.2 | 5.5 | 14.1% |
Vietnam | 1.1 | 0.7 | 2.0 | 2.8 | 36.5% |
Others | 15.9 | 12.6 | 19.9 | 17.7 | 3.6% |
Total | 242 | 203 | 229 | 238 | -0.6% |
Top Suppliers of Plastic Container to China in 2022:
- South Korea (12.2K tons)
- Japan (10.4K tons)
- Taiwan (Chinese) (7.5K tons)
- Germany (2.5K tons)
- Vietnam (2.3K tons)
- United States (2.0K tons)
- Malaysia (1.9K tons)
- Thailand (1.1K tons)
This report provides an in-depth analysis of the plastic container 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 22221950 - Articles for the conveyance or packaging of goods, of plastics (excluding boxes, cases, crates and similar articles, sacks and bags, including cones, carboys, bottles, flasks and similar articles, spools, spindles, bobbins and similar supports, s toppers, lids, caps and other closures)
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
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The price of Plastic Container in June 2023 was $6,463 per ton (FOB, China), showing a 7.3% increase compared to the previous month.
The price of Plastic Box in April 2023 was $6,225 per ton (FOB, China), representing a decrease of -10.5% compared to the previous month.
Exports of carboys, bottles and similar articles of plastics from China soared from $1.4B in 2019 to $2.3B in 2020 due to rising demand from the U.S., Japan and Thailand.
In March 2023, the plastic bag price amounted to $3,975 per ton (FOB, China), growing by 8% against the previous month.
In June 2023, the export value of Plastic Support reached a total of $187M.
In terms of value, exports of Plastic Supports reached $18M in June 2023.
The total value of plastic packaging exports reached $863 million in June 2023.
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