Asia-Pacific: Market for Plastic Tableware And Kitchenware 2024

Market Size for Plastic Tableware And Kitchenware in Asia-Pacific

In 2023, the Asia-Pacific plastic tableware and kitchenware market decreased by X% to $X, falling for the fourth consecutive year after three years of growth. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Production of Plastic Tableware And Kitchenware in Asia-Pacific

In value terms, plastic tableware and kitchenware production dropped to $X in 2023 estimated in export price. The total production indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2022, and then dropped in the following year.

Exports of Plastic Tableware And Kitchenware

Exports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded growth in overseas shipments of plastic tableware and kitchenware, which increased by X% to X tons in 2023. Total exports indicated a resilient expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, plastic tableware and kitchenware exports reduced to $X in 2023. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then shrank in the following year.

Exports by Country

China prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2023. Taiwan (Chinese) (X tons) and India (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the plastic tableware and kitchenware exports, with a CAGR of X% from 2012 to 2023. At the same time, Taiwan (Chinese) (X%) and India (X%) displayed positive paces of growth. From 2012 to 2023, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic tableware and kitchenware supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

In China, plastic tableware and kitchenware exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, with a decrease of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked at $X per ton in 2022, and then declined in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Plastic Tableware And Kitchenware

Imports in Asia-Pacific

Plastic tableware and kitchenware imports declined to X tons in 2023, reducing by X% against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, plastic tableware and kitchenware imports shrank to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then contracted in the following year.

Imports by Country

In 2023, Japan (X tons), Australia (X tons), Hong Kong SAR (X tons), South Korea (X tons), the Philippines (X tons), Singapore (X tons), Indonesia (X tons) and Malaysia (X tons) represented the key importer of plastic tableware and kitchenware in Asia-Pacific, mixing up X% of total import. India (X tons), New Zealand (X tons), Cambodia (X tons), China (X tons) and Taiwan (Chinese) (X tons) took a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Cambodia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

In 2023, the import price in Asia-Pacific amounted to $X per ton, declining by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform