Asia-Pacific: Plastic Box Market 2024

Plastic Box Market Size in Asia-Pacific

The Asia-Pacific plastic box market stood at $X in 2022, stabilizing at the previous year. In general, consumption, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the market value increased by X%. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Plastic Box Production in Asia-Pacific

In value terms, plastic box production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Plastic Box Exports

Exports in Asia-Pacific

In 2022, approx. X tons of plastic boxes, cases, crates and similar packing articles were exported in Asia-Pacific; reducing by X% compared with the year before. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, plastic box exports fell slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced modestly in the following year.

Exports by Country

China represented the main exporter of plastic boxes, cases, crates and similar packing articles in Asia-Pacific, with the volume of exports recording X tons, which was near X% of total exports in 2022. South Korea (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (X%), Thailand (X%) and Malaysia (X%). The following exporters - Hong Kong SAR (X tons) and India (X tons) - together made up X% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of plastic boxes, cases, crates and similar packing articles. At the same time, South Korea (X%), Taiwan (Chinese) (X%), Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. India experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.), Taiwan (Chinese) (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, plastic box exports increased 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 Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

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

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

Plastic Box Imports

Imports in Asia-Pacific

Plastic box imports contracted modestly to X tons in 2022, waning by X% compared with 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then declined slightly in the following year.

In value terms, plastic box imports dropped to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, South Korea (X tons), distantly followed by China (X tons), Thailand (X tons), the Philippines (X tons), Australia (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) were the major importers of plastic boxes, cases, crates and similar packing articles, together creating X% of total imports. Hong Kong SAR (X tons), Japan (X tons), Malaysia (X tons), Vietnam (X tons), Singapore (X tons) and India (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic box importing markets in Asia-Pacific were South Korea ($X), China ($X) and Thailand ($X), together comprising X% of total imports. Australia, Japan, Taiwan (Chinese), Hong Kong SAR, the Philippines, Indonesia, Vietnam, Singapore, Malaysia and India lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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