China: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in China

For the seventh year in a row, the Chinese compound plasticisers market recorded decline in sales value, which decreased by X% to $X in 2023. Over the period under review, consumption showed a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Compound Plasticisers Production in China

In value terms, compound plasticisers production totaled $X in 2023 estimated in export price. In general, production, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. Compound plasticisers production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

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Compound Plasticisers Exports

Exports from China

For the fifth year in a row, China recorded growth in overseas shipments of compound plasticisers for rubber or plastics, which increased by X% to X tons in 2023. Overall, exports showed strong growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, compound plasticisers exports declined to $X in 2023. Over the period under review, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2022, and then fell in the following year.

Exports by Country

Vietnam (X tons), India (X tons) and Indonesia (X tons) were the main destinations of compound plasticisers exports from China, with a combined X% share of total exports. Thailand, Japan, Malaysia, Taiwan (Chinese), Bangladesh, South Korea, the United Arab Emirates, Russia, South Africa and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for compound plasticisers exported from China were Vietnam ($X), Thailand ($X) and India ($X), together comprising X% of total exports. Indonesia, Japan, Taiwan (Chinese), Malaysia, Russia, South Korea, Bangladesh, the United Arab Emirates, Mexico and South Africa lagged somewhat behind, together comprising a further X%.

Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average compound plasticisers export price stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the export price saw a noticeable slump. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Compound Plasticisers Imports

Imports into China

In 2023, imports of compound plasticisers for rubber or plastics into China shrank notably to X tons, waning by X% against 2022. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, compound plasticisers imports contracted significantly to $X in 2023. Overall, imports showed a perceptible descent. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Taiwan (Chinese) (X tons) and Germany (X tons) were the main suppliers of compound plasticisers imports to China, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Malaysia ($X), Germany ($X) and Taiwan (Chinese) ($X) constituted the largest compound plasticisers suppliers to China, with a combined X% share of total imports.

Among the main suppliers, Malaysia, 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 a decline.

Import Prices by Country

The average compound plasticisers import price stood at $X per ton in 2023, approximately equating the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked in 2023 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform