Eastern Asia: Plastic Headgear Market 2024

Plastic Headgear Market Size in Eastern Asia

After three years of decline, the East Asian plastic headgear market increased by X% to $X in 2023. In general, consumption, however, saw a deep downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Plastic Headgear Production in Eastern Asia

In value terms, plastic headgear production reduced slightly to $X in 2023 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Plastic Headgear Exports

Exports in Eastern Asia

After three years of growth, shipments abroad of headgear of rubber or plastic decreased by X% to X units in 2023. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then contracted in the following year.

In value terms, plastic headgear exports fell to $X in 2023. Total exports indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2022, and then shrank in the following year.

Exports by Country

The shipments of the one major exporters of headgear of rubber or plastic, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the headgear of rubber or plastic exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of China increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest plastic headgear supplier in Eastern Asia.

In China, plastic headgear exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2023, which is down by X% against the previous year. In general, the export price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Plastic Headgear Imports

Imports in Eastern Asia

In 2023, supplies from abroad of headgear of rubber or plastic increased by X% to X units, rising for the second year in a row after six years of decline. In general, imports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, plastic headgear imports shrank rapidly to $X in 2023. Overall, imports, however, continue to indicate a perceptible slump. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Japan (X units) was the major importer of headgear of rubber or plastic, generating X% of total imports. Hong Kong SAR (X units) ranks second in terms of the total imports with a X% share, followed by South Korea (X%) and Taiwan (Chinese) (X%). The following importers - China (X units) and Macao SAR (X units) - each accounted for a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to plastic headgear imports into Japan stood at X%. At the same time, South Korea (X%) and Macao SAR (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, China (X%), Taiwan (Chinese) (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.), South Korea (X p.p.) and Macao SAR (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of 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, Japan ($X) constitutes the largest market for imported headgear of rubber or plastic in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Japan amounted to X%. In the other countries, the average annual rates were as follows: China (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per unit, reducing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Hong Kong SAR ($X per unit) 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 more modest paces of growth.

Source: IndexBox Platform