Asia: Plastic Bottle Market 2024

Plastic Bottle Market Size in Asia

The Asian plastic bottle market dropped to $X in 2022, waning by X% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2012 indices. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Plastic Bottle Production in Asia

In value terms, plastic bottle production reached $X in 2022 estimated in export price. The total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Plastic Bottle Exports

Exports in Asia

In 2022, overseas shipments of carboys, bottles and similar articles of plastics decreased by X% to X tons, falling for the second consecutive year after three years of growth. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic bottle exports rose remarkably to $X in 2022. In general, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

In 2022, China (X tons) represented the key exporter of carboys, bottles and similar articles of plastics, constituting X% of total exports. Turkey (X tons) ranks second in terms of the total exports with a X% share, followed by Saudi Arabia (X%), Taiwan (Chinese) (X%) and the United Arab Emirates (X%). Thailand (X tons), Vietnam (X tons), India (X tons), South Korea (X tons), Malaysia (X tons) and Kyrgyzstan (X tons) took a little share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%), Saudi Arabia (X%), Vietnam (X%), Turkey (X%), India (X%), Taiwan (Chinese) (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%), the United Arab Emirates (X%) and Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Saudi Arabia and Turkey increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic bottle supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Plastic Bottle Imports

Imports in Asia

In 2022, approx. X tons of carboys, bottles and similar articles of plastics were imported in Asia; increasing by X% compared with the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, plastic bottle imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of plastic bottle imports in 2022 were Japan (X tons), Iraq (X tons) and Yemen (X tons), together accounting for X% of total import. Kazakhstan (X tons) ranks next in terms of the total imports with a X% share, followed by the Philippines (X%). Oman (X tons), Thailand (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons), Israel (X tons), South Korea (X tons), Singapore (X tons) and Kyrgyzstan (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kyrgyzstan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported carboys, bottles and similar articles of plastics in Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

In Japan, plastic bottle imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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