China - Plastic Packaging - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Mar 14, 2024

China - Plastic Packaging - Market Analysis, Forecast, Size, Trends and Insights

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Plastic Packaging Price in China - 2023

Contents:

  1. Plastic Packaging Price in China (FOB) - 2022
  2. Plastic Packaging Price in China (CIF) - 2022
  3. Plastic Packaging Exports in China
  4. Plastic Packaging Imports in China

Plastic Packaging Price in China (FOB) - 2022

In 2022, the average plastic packaging export price amounted to $4,873 per ton, surging by 7.2% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic packaging export price increased by +53.3% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($11,428 per ton), while the average price for exports to Japan ($3,599 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

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Plastic Packaging Price in China (CIF) - 2022

The average plastic packaging import price stood at $6,868 per ton in 2022, rising by 4.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 30%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($25,924 per ton), while the price for South Korea ($2,771 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Plastic Packaging Exports in China

For the fourth consecutive year, China recorded growth in overseas shipments of plastic packaging, which increased by 2.7% to 2.2M tons in 2022. The total export volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 5.3%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, plastic packaging exports rose rapidly to $10.9B in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 22%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Export of Plastic Packaging in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1,6552,0452,3712,48814.6%
Japan8198108488862.7%
Australia37545348661317.8%
Malaysia18128540245736.2%
Thailand18136542044935.4%
Singapore14227018842944.6%
South Korea18527336334523.1%
Canada2403122913078.6%
Philippines11517323629637.0%
Vietnam21133238428610.7%
United Kingdom2492993432763.5%
Netherlands1781772262176.8%
Germany1731882182106.7%
Others2,3632,6693,0823,59615.0%
Total7,0668,6529,85710,85615.4%

Top Export Markets for Plastic Packaging from China in 2022:

  1. United States (494.0K tons)
  2. Japan (246.1K tons)
  3. Australia (124.8K tons)
  4. Thailand (70.9K tons)
  5. Canada (65.6K tons)
  6. South Korea (63.5K tons)
  7. United Kingdom (60.5K tons)
  8. Netherlands (57.5K tons)
  9. Germany (55.3K tons)
  10. Philippines (54.3K tons)
  11. Malaysia (50.7K tons)
  12. Vietnam (42.7K tons)
  13. Singapore (37.6K tons)

Plastic Packaging Imports in China

In 2022, approx. 105K tons of plastic packaging were imported into China; falling by -10.6% on the previous year. Overall, imports showed a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of 6% against the previous year. As a result, imports reached the peak of 117K tons, and then reduced in the following year.

In value terms, plastic packaging imports shrank to $721M in 2022. The total import value increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. As a result, imports attained the peak of $771M, and then dropped in the following year.

Import of Plastic Packaging in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan211143178194-2.8%
South Korea11710911296.7-6.2%
United States60.349.359.172.76.4%
Malaysia38.334.651.664.819.2%
Germany36.633.343.132.6-3.8%
Thailand16.420.122.322.010.3%
Taiwan (Chinese)70.0N/AN/AN/A0%
Others93.725030523936.6%
Total6436397717213.9%

Top Suppliers of Plastic Packaging to China in 2022:

  1. South Korea (34.9K tons)
  2. Japan (20.8K tons)
  3. Germany (4.8K tons)
  4. Malaysia (4.2K tons)
  5. Thailand (4.2K tons)
  6. United States (2.8K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plastic packaging 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 22221300 - Plastic boxes, cases, crates and similar articles for the conveyance or packing of goods
  • Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
  • Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
  • Prodcom 22221450 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity . 2 litres
  • Prodcom 22221470 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity > 2 litres

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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