APIC ‘13: Asia PET bottle chip demand growth to remain at 8%

10 May 2013 11:17  [Source: ICIS news]

TAIPEI (ICIS)--The overall demand growth for polyethylene terephthalate (PET) bottle grade chips in Asia is expected to remain at 8% in the near term, industrial players said on Friday.

“[The growth rate] in China, the largest market in Asia, has slowed from 12-15% three years back to around 8-9% now,” said a northeast Asian producer.

“The current demand growth rate for PET bottle chip is estimated to be around 8% in Asia and 5-8% globally,” said a global leader in the beverage industry, Coca Cola.

In the near term, market participants expected the growth rate to remain largely stable at a high single digit level.

However, in medium term, some players expected possible further declines in key Chinese market, the largest consumer base in Asia.

“There might be a possibility that growth rate in China slows down further to around 6-7% in three years’ time,” a northeast Asia producer said.


By: Yu Guo
+65 6780 4359



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index