Asia: Plastic Container Market 2024

Plastic Container Market Size in Asia

The Asian plastic container market reached $X in 2022, remaining stable against the previous year. The market 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 throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Plastic Container Production in Asia

In value terms, plastic container production stood at $X in 2022 estimated in export price. The total production indicated a moderate 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 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plastic Container Exports

Exports in Asia

For the eleventh consecutive year, Asia recorded growth in overseas shipments of plastic containers, which increased by X% to X tons in 2022. Total exports indicated strong growth from 2012 to 2022: its volume 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, exports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic container exports expanded remarkably to $X in 2022. In general, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, China (X tons) was the key exporter of plastic containers, mixing up X% of total exports. Malaysia (X tons) held the second position in the ranking, followed by South Korea (X tons), India (X tons), the United Arab Emirates (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons). All these countries together held approx. X% share of total exports. Indonesia (X tons), Turkey (X tons), Singapore (X tons), Saudi Arabia (X tons), Israel (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Saudi Arabia (X%), Indonesia (X%), the United Arab Emirates (X%), Taiwan (Chinese) (X%), Israel (X%), Turkey (X%), Thailand (X%), South Korea (X%), India (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), China (X p.p.), Indonesia (X p.p.), Taiwan (Chinese) (X p.p.) and Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore, Hong Kong SAR and Malaysia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, plastic container exports 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: Malaysia (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, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Saudi Arabia ($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 Container Imports

Imports in Asia

For the seventh year in a row, Asia recorded growth in purchases abroad of plastic containers, which increased by X% to X tons in 2022. Total imports indicated a strong increase from 2012 to 2022: its volume 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, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic container imports contracted slightly to $X in 2022. Total imports indicated noticeable 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, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

The countries with the highest levels of plastic container imports in 2022 were Singapore (X tons), China (X tons), South Korea (X tons), Indonesia (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons), Japan (X tons), the Philippines (X tons), India (X tons), Hong Kong SAR (X tons) and Vietnam (X tons), together finishing at X% of total import. Kazakhstan (X tons) held a relatively small share of total imports.

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

In value terms, China ($X), Thailand ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Japan, Singapore, Indonesia, Taiwan (Chinese), Malaysia, India, Hong Kong SAR, Vietnam, the Philippines and Kazakhstan lagged somewhat behind, together comprising a further X%.

Kazakhstan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 ($X per ton), while Kazakhstan ($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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